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Showing 2 of 2 results by Bayudness
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Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
by
Bayudness
on 05/04/2018, 00:43:41 UTC
duno if the difficulty is just out of wack or what but this coin isn't remotely profitable or minable on " average hardware" as far as I can see.

Ravencoin was only CPU mineable in the beginning when there was no GPU miner released yet. Now there are thousands of miners with above average GPUs mining Ravencoin, all sharing a limited amount of block rewards.

You brought a GT 620 to a 1080 Ti farm fight.





Agreed. But this coin was originally intended for the average jo miner. The current implementation makes its purpose obsolete and kinda pointless was what I was pointing out. I understand the big farmers with 10 rigs speculating this coin for profitability. My point was if the coin cant do what it was intended to do then its value will likely not climb either as its intended purpose is false. Sure I could point my rigs at it, but IMHO I would be wasting my time as the coins premise is false and IMHO I don't think it will gain value. Essentially the big rig farmers are doing to this coin exactly what ASIC's do.
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Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
by
Bayudness
on 04/04/2018, 23:43:48 UTC
So I got all excited about this coin. Its supposed to be minable with avrageish hardware, So I thought let's throw some junk I have laying around at it overnight and see what happens......

used:
I7-2600 cpu  16g of ram. normal mining it makes ~260h/s cryptonight $.18/day   
I7- 3770 cpu  16g of ram. normal mining it makes ~230h/s cryptonight $.16/day
nvidia gt 620 2g makes maybe 1-2 cent perday on nice hash lol( no I dont mine with this thing it was just laying around)


none of the miners I could find would even try to run the gt 620, kinda sux for a coin thats for lower end hardware.

results for around 10 hours of mining on both cpu on threeeyed pool:

0.33677807 rvn

what is that roughly 1/20th of what they would make on cryptonight? duno if the difficulty is just out of wack or what but this coin isn't remotely profitable or minable on " average hardware" as far as I can see. Its kinda to bad the concept was cool but unless this coin goes into the thousands per coin its not even a little profitable and most certainly not for the average jo miner.