Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SKC] Skeincoin | Skein-SHA2 | CPU mining initially | RELEASED
by
asor
on 27/11/2013, 21:28:49 UTC
I'm keeping it too. It's my first 1000+ coin, so i'm attached to SKC.
I wont sell SKC, untill price is so bad.
But...what is a good price for SKC?
When SKC will be on market?

Any news from creator of SKC?

I mined over 1000 XenCoins and they were nearly worthless.
Some people have GPU implementations for SKC and they are able to mine 1000 SKC in 1 hr. So when SKC will be traded on Cryptsy or somewhere else, I think 1000 SKC is nothing...

Sorry but I have to disagree with you:

As it seems there is no hidden miner making 1000SKC/h or what ever with his GPU; this you can find out by just comparing some numbers:
There is only one pool mining a signifant amount of SKC on "coinmine" ( 24200 coins per day that is roughly the 32 SKC per 2min).
Top miners now mine with 10-27 Mh/s. My simple now already nearly 3 years old notebook, with a i7 reaches arround
1,2 Mh/s. So with some high end machine and - lets say- a bit affinitly 10 Mh/s is totally ecspectable.

I also think you cannot compare Skeincoins to XenCoin, because:
XenCoin had been premined (5% = 105mln coin allready in the beginning ); I think this is always bad
if you want to have a currency with high value and trust, when there are a lot of alternatives.
And the generation rate of XenCoins is 37.5 times higher (200 XenCoins per 20 sec vs. 32 SkeinCoinds per 120 sec)

I'm able to mine SKC at 30 MHs (some i7, FX8350 et al) but other coins are more profitable. That's the reason I'm currently not mining SKC and also the reason why you currently see no one mines SKC using his GPU. redorder and some other people also mined on coinmine at 160 MHs - others 330 MHs. redorder already posted his code for mining SKC using poclbm here: https://bitcointalk.org/index.php?topic=322828.msg3584121#msg3584121
Red Kendra also confirmed that it's not that difficult to create a GPU miner. I'm not a OpenCL/GPU developer but I also created an OpenCL implementation for this coin...

I agree with you that it's not that easy to compare SKC and XEN. It was my mistake. But as long as the coin isn't on any exchange yet, it isn't worth anything... that's also the reason I'm selling (better: sold) all my mined SKC coins.