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Showing 13 of 13 results by Sauron1
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Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Sauron1
on 19/09/2014, 01:42:09 UTC
I know you're talking about profitability of mining in general, which will always decrease as total hashrate increases every day, but I just wanted to point out that CleverMining has outstanding profitability compared to other mining options.

Our last 5-day average profitability is 133.6% LTC and it seems that we will finish today with ~143% LTC profitability!

More profitable means you're losing less money than someone just mining LTC.  **shrug**

"Investing" in mining alt coins in the hope that they'll someday increase in value or that BTC value will increase to the point where it's actually a cash flow positive business strikes me as being a bit delusional.  Look at the numbers and the trend.  The value is slowly but surely approaching zero.  The odds of those coins increasing in value to the point where you can recoup your mining costs are rather long unless you've been doing this for a pretty long time.

Best,
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Sauron1
on 13/09/2014, 22:52:33 UTC
I'm finding it difficult to understand how anyone manages to mine profitably unless they're getting "free" power or using ASICs.   For those of us with gpu rigs, scrypt/scrypt-N/X11 are all money losers even with the most frugal gpus (like Maxwell-chipped Nvidia cards).  My power is relatively cheap @ US$0.10 per KwH and my R9 270/280 cards and Nvidia 750ti cards are in the red for every currency I've crunched the numbers on.  So I've just left my gear powered off for now.

How do you guys do it? 

I think it's really hard with the current prices of the BTC and the values of the altcoins. I even pay a lot more per KwH, so that's why I quit mining.
One way you might get some profit is to mine abandoned altcoins (with a low difficulty and hope they gain value one day) or mine really new altcoins. In the very beginning every altcoins is quite easy to mine.

Also take in mind that currently mining for example LTC isn't profitable. But, is the LTC is worth 50$ in, for example, January, then your mining actually was profitable although it didn't look like that when you were mining. (As the 0.1 LTC you mean now is worth $5,- then instead of the current $0.50).




Yeah, I'm not willing to roll the dice on abandoned coins or fly-by-night new coins.  Oh well.  It was fun while it lasted.  I suppose I should be happy that my gear paid for itself and made me a small amount of $$$ before the market tanked.   Perhaps it's time to start liquidating my cards on fleabay.

Best,
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Sauron1
on 13/09/2014, 22:28:31 UTC
I'm finding it difficult to understand how anyone manages to mine profitably unless they're getting "free" power or using ASICs.   For those of us with gpu rigs, scrypt/scrypt-N/X11 are all money losers even with the most frugal gpus (like Maxwell-chipped Nvidia cards).  My power is relatively cheap @ US$0.10 per KwH and my R9 270/280 cards and Nvidia 750ti cards are in the red for every currency I've crunched the numbers on.  So I've just left my gear powered off for now.

How do you guys do it? 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CRYPT] CryptCoin x11 + PoS | P2P Anonymity | 0% Premine | Pro Dev
by
Sauron1
on 16/06/2014, 11:46:33 UTC
CRYPT will never ever break the ATH DRK price lol man stop being foolish. DRK had the advantage of anon. Now we have a lot of anon coins. CRYPT could break 0.001 probably but not on the short term.

Meh...X11 is X11.  I'll stick with the coin that has consistently decent trade volume at the exchanges so you don't have a couple of Russian mob types bouncing the price around whenever they want.  Smiley  If the volume picks up to the levels of DRK then I'll consider holding some CRYPT, but not until there's a real market.


Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LTCX]LiteCoinX Windows/OSX QT BitcoinCore Released
by
Sauron1
on 07/06/2014, 16:42:48 UTC

nice!

Nice in what way?  Nice that's it's now accepted (in a round about way) at some little known corner of the interwebz?  You have to go through many more steps than you'd have to go through with coins that are readily accepted already.  Nobody in their right mind is going to support this coin after the pre-mine stunt and then dumping into the market pulled by the dev.  Stick a fork in LTCX...it's done.

Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LTCX]LiteCoinX X11 Anonymous No IPO Premine 0.05%
by
Sauron1
on 31/05/2014, 15:12:01 UTC

I expect big things from LTCX

The last minute "update" with information that there would be pre-mining destroyed the dev's credibility for me.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LTCX]LiteCoinX X11 Anonymous No IPO Premine 0.05%
by
Sauron1
on 28/05/2014, 22:51:37 UTC
Last minute pre-mine.  Scammers.  Good luck with that.
Post
Topic
Board Mining (Altcoins)
Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
by
Sauron1
on 25/05/2014, 15:55:41 UTC
Mega.co.nz yes
I posted two versions, one for compute 3.0, and one for the 750ti's

The one you want is the one with the older date in the file name

In fact, its this one
https://mega.co.nz/#!E5lR0YJI!cTm25l4tfLoJyMBlvIfBKUlc15PHLXMZwMicD0h37NA

Thanks!  That took me up to 4Mhash without changing anything else.  That's amazing!

Best,
Post
Topic
Board Mining (Altcoins)
Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
by
Sauron1
on 25/05/2014, 15:44:28 UTC
Again, search through my posts. I posted 2 newer versions recently. Thats where people are getting 2.2mh/s per card

You mean the post with the link to a megaupload link? 

Best,
Post
Topic
Board Mining (Altcoins)
Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
by
Sauron1
on 25/05/2014, 15:30:26 UTC
Using a pair of Asus 750ti cards and getting a total of 2.8mhash doing Darkcoin/X11 with ccminer 1.0.  It seems like other folks are getting a bit better hashrates.  Could someone share their tweaks?  I've downloaded MSI Afterburner, but I'm unsure how to configure things.

Any pointers would be very much appreciated.
ccminer50

Maybe you dont have latest version of ccminer get it here https://github.com/cbuchner1/ccminer/releases. And ofcourse as djm34 said run it with ccminer50. Smiley

I downloaded it just a few hours ago.  It's the latest version.  I'm also using the ccminer50 executable.  Playing with MSI Afterburner, I seem to max out the cards at +135 for the gpu and +300 for RAM.  That gets me to 3Mhash.

Best,
Post
Topic
Board Mining (Altcoins)
Re: [ANN] cudaMiner & ccMiner CUDA based mining applications [Windows/Linux/MacOSX]
by
Sauron1
on 25/05/2014, 14:55:29 UTC
Using a pair of Asus 750ti cards and getting a total of 2.8mhash doing Darkcoin/X11 with ccminer 1.0.  It seems like other folks are getting a bit better hashrates.  Could someone share their tweaks?  I've downloaded MSI Afterburner, but I'm unsure how to configure things.

Any pointers would be very much appreciated.
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Sauron1
on 18/02/2014, 13:07:07 UTC
I had to switch back to middlecoin, which pains me.  My reject rate at CM went from about 7% to 16-18%.  Hopefully they fix the problem so I can switch back.  It would also be nice if they posted an update in their twitter feed.



I might stay out of Middlecoin for now... much worse there atm.

I am only seeing 7.5% rejects there.  Less than half.  I will definitely switch back once CM is fixed.
Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Sauron1
on 18/02/2014, 12:46:57 UTC
I had to switch back to middlecoin, which pains me.  My reject rate at CM went from about 7% to 16-18%.  Hopefully they fix the problem so I can switch back.  It would also be nice if they posted an update in their twitter feed.