Re: 8th Alt coin thread. Or what to do now that asics are all over the place.

I cannot believe that you are still mining this BCI shit.
I know you are mining Grin as well, but ffs brother, if you want more BCI, then buy some.
BCI is nowhere to be found on mining profitability lists.

#

Quote from: adaseb on February 04, 2019, 05:57:12 AM

I am not too technical on the details but what is the deal exactly with ProgPOW? It seems that it will level the field with ASICs and GPUs however the brand of GPU seems to play a factor.

It seems that Nvidia performs much better than AMD, and is the reason for this that Nvidia generally costs more and since it costs more they want to make it more fair in that regards.

For example, say you can buy 2 AMDs for the price of 1 Nvidia. The 1 Nvidia will perform at the exact same speed as the 2 AMDs combined. Is this the point they are going for or is it just the way that the current miners are optimized?

It is what the current miners are optimized in.
One year ago, AMD was ahead of NVDIA on the GPU race.
Now things have shifted a bit towards NVDIA favor. Their difference in performance is roughly 1/3 regardless of the coin.
New AMD 16 GB is out. Wink

I was vocal against BCI and then their community attacked my video & channel lol

I'm really curious as to what you see in them Phil, I am surprised to see you throw all your weight behind a project -- especially BCI

Also a side note, any good how to mine (x) coin guides you've read recently -- I'm trying to create more written content and want some stuff to compare to

I suppose it's the appeal of PoW+PoS. You not only accumulate them by mining, you get some extra interest on top. The more you have, the more you stake too.

Unfortunately it's not helping much to get 5-10% annual interest when the price of the coin gets smacked down 80% over the course of 6 months...

I'm a sucker for Veil (for the same reasons). I'm hoping that a) the technology is better which might b) keep the price higher and c) increase my staking reward significantly.

Thing is, most altcoins are shitcoins...took me a while to realize that, but very few are the coins that make sense and are worth holding. Almost every single project has a point in their "life" where they are suspected of being a scam. Haven (XHV) is a very good example of this. You really can't trust anyone.

That said, I've been in the mining game for 3 years now.

About 3 months ago, as I was basically just burning through electricity, I decided it was time to do something about it. I haven't sold any of my gear, most of it has paid itself off. Some of my 470s are 3 years old already, they still work.

I'm lucky enough to have 20x 300W solar panels on my roof with an inverted that has a network port. So I developed my own "smart mining cave". Basically I have a php script running on a virtual linux machine that fetches the output of my array and depending on how much I'm producing, it will start up my rigs in sequence (lowest to highest wattage). Using some zwave plugs, I can remotely turn a rig on by calling a REST API URL on my openhab box where the zwave controller is hooked up (rigs are set to start on power loss so I just switch the switch off and back on). To shut them down properly, I simply use a "shutdown -s -f -t 30" command using nsclient and nrpe.

Whole thing has a simple web dashboard where I can turn on/off the script when I want it not to manage my rigs.

Next thing I'll add is probably a way to change the miner/coin remotely on my rigs as at the moment I need to do it manually.

Been running great for the past 2-3 months, I exclusively mine on solar power. I mine less coins but its basically only profit. The only limit I have is that I can produce at max about 4.5kW on a good summer day, not enough to start up all my 8 rigs. Will probably expand my solar array this year or the next.

This is the future for smaller miners. Not hobby miners but smaller miners.
You are doing well this way.
I like it if you are USA based maybe you buysolar and myself could have a long discussion to help each other. He may get panels at a better price then you can. Your software looks like it could help us.
I am going up to the new larger 300kwatt build out this weds. I will post photos here.

@ vosk BCI is a shit coin the entire net work is 10.11gh I am at 210mh or 1/50 of the network
I get 150 to 200 coins each week at very low cost. yeah coins are 20 cents but the upside for me is huge. I can mine them for a year and get 8000-10000 coins at about 10 cents each. so I spend 1000 in power for the year. if coins have 1 spike I score. my downside is they crash and delist. So I lose 1000 in power. I also hodl the grin.

But my money maker is the big farm up in clifton. that is BTC + LTC