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All things considered, there is currently a better ROI mining a multi-pool with a Scrypt miner and converting the coin earned to BTC, versus directly mining for BTC with any current SHA-256 miner on the market.
Re: New gold-backed cryptocurrency INNcoin allows you to mine gold for free
Has anybody actually managed to mine any coins yet?
I suggest reading earlier pages in this thread. Many questions would be answered before even asking a repeat question. Just a suggestion.. not to be taken in a negative light, please. :-)
Lots must have dropped off. I was hitting 3-4 blocks per day for the last few days at 1.8M hash. I have hit 10 blocks today. YAY!!
Something seems to have changed. I am accumulating 2-3 times more coins per day than I initially was, and have pointed no more hashing to the endeavor. In fact, I am only mining with a CPU.
I figured that out
check getmininginfo in console and you will see that generate is set to FALSE
just close the wallet and add -gen after the target
i.e.
"D:\Program Files (x86)\Anthem Vault\INNcoin\inncoin-qt.exe" -gen
If anyone hasn't done this you won't generate coins
check getmininginfo in console and you will see that generate is set to true
check getmininginfo in console and you will see that generate is set to FALSE
just close the wallet and add -gen after the target
i.e.
"D:\Program Files (x86)\Anthem Vault\INNcoin\inncoin-qt.exe" -gen
If anyone hasn't done this you won't generate coins
check getmininginfo in console and you will see that generate is set to true
You can also start mining from within the console by typing the following:
setgenerate true
I am guessing that the generate coins doesn't need to be set. I have mined 850 coins so far (most of them using the CPU mining on the 17th-18th) and converted over to GPU mining on the 19th. I was getting 95k hash with CPU (i5 Sandy Bridge) and now I'm at 1880k with GPU (Nvidia GTX660). The 50 coin block appears in my transaction log as soon as one is found with ccminer. It takes over 100 additional blocks to be found on the blockchain before it matures and is added to the balance.
I only modified the .conf file as follows:
server=1
rpcuser=inncoin (this could probably be changed, I left it default)
rpcpassword=xxxxx (use your password, I'm guessing the default one was autogenerated)
rpcport=9332
rpcconnect=127.0.0.1
I changed server from 0 to 1 to allow RPC login. added a port and local address.
I utilize ccminer v1.2 with the following batch file
ccminer.exe --algo=x11 -o http://127.0.0.1:9332 -u inncoin -p (your rpc password)
"[2014-07-22 14:53:01] GPU #0: GeForce GTX 660, 1883 khash/s"
Either way, it takes about $0.24 in energy (plus your GPU is out of commision during mining) to earn around $0.05 in inncoin (on today's gold price) per day. This will keep going up if more people jump on the GPU mining bandwagon. Only good for those who want to lose money, which I'm doing at the moment for fun.
My energy calcs is based on 100watts of energy used at $0.10/KWH or roughly $0.24 per day. Based on a set value of 100 grams of gold (~$4100) for 10 million coins, a block of 50 coins is valued around $0.02. That means I have paid ~$0.75 in the last 3 days to mine $0.12 worth of inncoin/gold.
It is only a matter of time before gold does another high climb, raising that dollar value per gram. :-)
I would not want to discourage anyone from mining INNcoin or investing in gold, but at least for the short-term, gold is likely to substantially drop in value soon. The price fix mechanism is being removed. For several years the value of gold has been intentionally manipulated up to "false" values.
Looking for some help with PSU choice for s3, have read a few people talking about running two S3 from one power supply, looking at Corsair 850HX 80 plus silver (£75), Corsair 750HX 80 plus silver and (£66) Evga 750 super nova 80plus bronze (£61). Will these psu run 2 machines ? any user had experience or thoughts on running two S3 or S1 from these power supply's, Overclocked all my Antminer S1 from day one and none of them have ever missed a beat, reading posts on forum don't think i will overclocking the S3 for now. Currently use Corsair cx600m 80 plus bronze for miners which cost me about £55 each have eight S3 from batch 4 if i could save £200 by using only 4psu goes a long way to helping with ROI, any help would be appreciated.
BTW - I am aware of guys running two S1s overclocked with the server power supplies and having no issues. Personally, I have not tried them. I have heard some claim they are loud. But I have been around those using them and found them to be fairly quiet.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=281359603322&ssPageName=STRK:MESE:IT
Looking for some help with PSU choice for s3, have read a few people talking about running two S3 from one power supply, looking at Corsair 850HX 80 plus silver (£75), Corsair 750HX 80 plus silver and (£66) Evga 750 super nova 80plus bronze (£61). Will these psu run 2 machines ? any user had experience or thoughts on running two S3 or S1 from these power supply's, Overclocked all my Antminer S1 from day one and none of them have ever missed a beat, reading posts on forum don't think i will overclocking the S3 for now. Currently use Corsair cx600m 80 plus bronze for miners which cost me about £55 each have eight S3 from batch 4 if i could save £200 by using only 4psu goes a long way to helping with ROI, any help would be appreciated.
I have been running two S3 all week on a Thermaltake 750M with no issues. I am not overclocking.
Wish I could buy one of these but as a poor university student I definitely can't. My tuition of $4,800 could definitely buy some mining power.. Lol
If you live in a dorm with "FREE" electricity, you might be able to work a deal with someone. You host their miners and you get a cut of the earnings.
When my son goes back to school in August, I'm sending him my S1's to run for me in his dorm room.
You know those universities and all of society still have to pay for that electricity and that consumption takes away from other areas the university could use the funds? That electricity does not just come free out of thin air. It really has to be paid for. Just because it is hard to account for this consumption doesn't mean it is somehow 'free'.
Is burdening our universities with this extra expense really worth the few pennies in bitcoin you will receive? The one part of society that can least afford loss of resources is our educational system.
What a dick.
I invite the entire bitcoin hashing community to call out this bad and criminal behavior of using other people's 'free' electricity. This is mere theft of a profoundly irresponsible nature. Please stop stealing electricity for hashing.
I just recall my dormroom 20 years ago and I (and a roommate) could never have put up with the noise and heat from an S1 for more than 5 minutes.
s-1's are very quiet if they are undervolted via pencil mods and down clocked to freq 275 hash at 140gh with 180 watts.
I ran 3 at 420 gh and 560 watts for 2 months. in a friends office. He has reduced power rates as per his lease agreement. 84 percent of 15 cents a kwatt drops him to 2.4 cents a kwatt.
Supposedly colleges all across the US are cracking down on this and prohibiting miners in the dorms this coming Fall semester. Some did so this past Spring and current Summer sessions. I recently picked up some S1s and PSUs from students returning to college because they could not have them there in the dorms.
That's why smart landlords must be sure to restrict or prohibit mining. If you're violating a contract that is theft. If you're using electricity promised to you as part of your rental agreement, it is not theft.
Edited to add: I suppose a provision in the rental agreement about commercial use of the space could also be a violation to make it illegal.
I have personally been out looking at office/warehouse space were as I might lease and setup my miners on commercial electricity rates, but thus far, everything I have looked at they are asking over $2K per month.
This is gonna be a long weekend waiting for my S3's. They made a stop over in Alaska so no worries about shuffling around Shenzhen at least.
Same here! Mine are on UPS flight #63 en route to Louisville Worldhub. Its going to be a long weekend indeed.
Wonder how many S3's are on these daily flights?!
Fortunately 3 of mine made it here this week. One Batch 1 and two Batch 2. I have like 14 more Batch 2 ordered and paid for, but yet to receive a tracking number.
Wish I could buy one of these but as a poor university student I definitely can't. My tuition of $4,800 could definitely buy some mining power.. Lol
If you live in a dorm with "FREE" electricity, you might be able to work a deal with someone. You host their miners and you get a cut of the earnings.
When my son goes back to school in August, I'm sending him my S1's to run for me in his dorm room.
You know those universities and all of society still have to pay for that electricity and that consumption takes away from other areas the university could use the funds? That electricity does not just come free out of thin air. It really has to be paid for. Just because it is hard to account for this consumption doesn't mean it is somehow 'free'.
Is burdening our universities with this extra expense really worth the few pennies in bitcoin you will receive? The one part of society that can least afford loss of resources is our educational system.
What a dick.
I invite the entire bitcoin hashing community to call out this bad and criminal behavior of using other people's 'free' electricity. This is mere theft of a profoundly irresponsible nature. Please stop stealing electricity for hashing.
I just recall my dormroom 20 years ago and I (and a roommate) could never have put up with the noise and heat from an S1 for more than 5 minutes.
s-1's are very quiet if they are undervolted via pencil mods and down clocked to freq 275 hash at 140gh with 180 watts.
I ran 3 at 420 gh and 560 watts for 2 months. in a friends office. He has reduced power rates as per his lease agreement. 84 percent of 15 cents a kwatt drops him to 2.4 cents a kwatt.
Supposedly colleges all across the US are cracking down on this and prohibiting miners in the dorms this coming Fall semester. Some did so this past Spring and current Summer sessions. I recently picked up some S1s and PSUs from students returning to college because they could not have them there in the dorms.
Re: New gold-backed cryptocurrency INNcoin allows you to mine gold for free
Quote
InnCoin was developed by Newnote and is backed by 100 grams of physical gold
100 grams = ~$4,200
For an entire currency. With mining spread out over 12 months. I'm not going to do the calculations but the cost of electricity probably exceeds the worth of the coins, or at least makes them barely profitable.
Anyone that started mining this just because it mentions gold needs to rethink their evaluation process. Or you know, actually start having an evaluation process.
For the most part, it simply appears to be a promotional effort by the gold dealer. You earn a little bit of free gold that hopefully you come to them to exchange for USD, and even more hopefully leave the gold on deposit with them, and even more hopefully buy more gold from them.
Re: New gold-backed cryptocurrency INNcoin allows you to mine gold for free
InnCoin is backed by a known gold dealer that has had a reputable name in the gold exchange industry for years. It is less sketchy that many other crypto currencies out there.
Also, I was not required to provide any social security number or other such information to get the wallet and initiate mining.
Also, I was not required to provide any social security number or other such information to get the wallet and initiate mining.
I recently received my Nasty Mining silver coin. It is beautiful. Thank you very much.
But I am really at a loss as to what it can do for me. Do I mine to the address of the coin? If so, how do I spend or transfer Bitcoin credited to the coin? Etc.?
I really do not know or understand these things at the moment.
Thanks again.
But I am really at a loss as to what it can do for me. Do I mine to the address of the coin? If so, how do I spend or transfer Bitcoin credited to the coin? Etc.?
I really do not know or understand these things at the moment.
Thanks again.
Well, not sure I quite yet really grasp all the advantages of using P2Pool and/or Nasty Mining versus other pools, but I have pointed every SHA-256 miner I have available to Nasty Mining.
Does it help NastyFans in any manner when one mines the NastyPool?
If so, is there is any difference versus mining as a member or non-member?
If mining as a member, must the address being mined to be registered with NastyFans?
Thank you
If so, is there is any difference versus mining as a member or non-member?
If mining as a member, must the address being mined to be registered with NastyFans?
Thank you
I have opted to become a NastyFans member, but I am still a little confused as to the Nasty Mining vs NastyFans relationship. I am kind of at a loss when attempting to explain any benefits to my peers that may be interested.
It appears to me that to mine Nasty Mining, one must be a Nasty Fans member. Is that correct?
If a member, and one is mining Nasty Mining, are all mined rewards paid out to the member or are some automatically retained by Nasty Mining and/or NastyFans?
Is mining at the Nasty Mining P2P node same as mining at any other P2P node other than the added benefits of the NastyFans relationship?
Thank you.
It appears to me that to mine Nasty Mining, one must be a Nasty Fans member. Is that correct?
If a member, and one is mining Nasty Mining, are all mined rewards paid out to the member or are some automatically retained by Nasty Mining and/or NastyFans?
Is mining at the Nasty Mining P2P node same as mining at any other P2P node other than the added benefits of the NastyFans relationship?
Thank you.
I have purchased many miners from Bitmain, S1 and S2. Never has one appeared to have seen any use. In fact, they were so clean and unscarred I wondered if they had even been functionally tested. But I have yet to have ever had a DOA or failure of any kind.