Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept
by
Frogcoin
on 16/02/2014, 07:18:39 UTC
The faucets have run empty because of the fairly huge payouts they were offering a little while ago (0.2 to 1 PMC). I believe there is still some money in the faucet's cold storage wallets (?)

It's not worth mining on an ordinary PC -- even with the very low difficulty, your computer or GPU just can't compete with ASIC's when it comes to SHA-256 hashing. For instance, I have a block erupter USB ASIC hashing Premine right now for fun. It costs about $15 to buy one, and it's probably 10x better than your GPU or 100x better than your CPU.

Ahhh I see..fingers crossed some comes out of faucet cold storage!

Thanks for clearing that up about mining....I'm in NZ and the USB ASIC is quite a bit more expensive, (we're use to things costing more here as they're made by hobbits   Wink ).  Might look into whether it's worth shipping from US though.  Lots to think about.  Smiley

In terms of profitability? It's definitely not worth it -- it's old technology (They were first sold last July) and is useless on the main BTC network at this point (earns about 1mBTC / 2 weeks). On the other hand, having a miner is fun, and if you can get one for a reasonable price it's a good novelty piece and a way to support projects like PMC Smiley