Carbon_Rod
Gawd
- Joined
- Apr 2, 2012
- Messages
- 1,022
People shitting the bed over unconfirmed bad news for China again..... *sigh*
That's OK... lower BTC brings LTC down... lower priced LTC is what I'm looking for.
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People shitting the bed over unconfirmed bad news for China again..... *sigh*
See if you can find cheaper power around you. Often the big datacenters have far cheaper power, and even if you have to pay rent for keeping your rigs there, it might end up cheaper (and cooler, and less noisy).Well I shutting down everything but my dedicated 750TI miner. Power is taking away all my profits. Going to mine and convert into LTC/BTC and hold. Hope for a nice rebound.
I may try to use work (free power in our data center) Just gotta clear it with the bossSee if you can find cheaper power around you. Often the big datacenters have far cheaper power, and even if you have to pay rent for keeping your rigs there, it might end up cheaper (and cooler, and less noisy).
Ugh, I understand everyone's complaints about cryptsy now. So terrible. I missed some big trades last night because apparently my orders didn't go through. I guess I have to make sure that the litecoins that I'm using to pay for the order actually move from my normal balance to open order. Ugh, just so slow and terrible.
Looks like Cryptsy will be launching USD pairs for BTC, LTC, DOGE, and FTC pretty soon.
Second note, there is an ongoing outreach to fork LTC to X11 on bitcointalk. Doubt it happens, but interesting to follow the thread nonetheless.
Looks like Cryptsy will be launching USD pairs for BTC, LTC, DOGE, and FTC pretty soon.
Second note, there is an ongoing outreach to fork LTC to X11 on bitcointalk. Doubt it happens, but interesting to follow the thread nonetheless.
what's X11? new algo? I don't really see litecoin leaving scrypt but I could see it doing more of a litecoin2 type thing or basically backing a new coin. There's too much in place to actually leave scrypt
While I welcome the idea of measures taken to protect LTC from a mass influx of asic's -- forking the chain like that. I know what it means from a technical aspect, but not so much from a market aspect. Meaning what little LTC I hold and mine now - does that become totally useless? or is it still spendable on the x11 chain (if something like that were to come about)
Edit: Here is that Litecoin X11 thread. They are not intending on replacing the original Litcoin chain, but creating a new fork of LTC except employing X11. These people are not the original devs of Litecoin.
Then Darkcoin will have more support for it than some new "LTC2" X11 implementation of LTC.Darkcoin is likely the most visible of the new X11 coins.
I think X11 is interesting because it shows that PoW doesn't necessarily needs to consume a shitton of electricity. Cards run cooler, power on my rigs is about 40% less which is pretty huge really. Someone should make some kind of environmental themed coin along these lines but tweaked for the lowest possible power consumption.
Well, that just really means your cards aren't running all that efficiently.
Here's the thing to take away from any forks of scrypt coins. You are always mining BTC.
Altcoins are only vehicles by which to mine BTC by proxy using different algoritms. Usually more efficiently as well. BTC is the only crypto to have enough market cap to have a life unto itself.
With all the people that want to mine with GPU, there will always be altcoins for us to mine and trade. There just won't be 100 of them after all the crapcoins die.
That's interesting, since these algos run at 40% power on any card.
Do you even think before you post?
You aren't always mining BTC... A few coins have direct COIN<->Fiat
Which means either the mining software hasn't been optimized to fully utilize the cards,
Wrong,the video cards themselves have some sort of shortcoming that doesn't allow them to be fully utilized (memory bandwidth maybe?)
Right! I'll let you figure out what that is yourself though, since that's quite a general statement.or some other factor that's just not letting them run as "flat out" as regular scrypt.
It appears you already have the ignorance, stupidity, and belligerence market cornered sir. I'll let you sort that out yourself as well.I totally do. However, I don't always consider the ignorance, stupidity, and belligerence of those who might reply.
Uh oh looks like we got a group of virgin neckbeards mad at all the alt coins and they want to kill most of them
https://bitcointalk.org/index.php?topic=522235.0
LOL. Some people have too much time in their hands.
Looks like quite a few of the supporters are creators of "scamcoins." Angry others are cutting into their profits lul.
Regardless of the background of the posters and what their motives might be, I have to agree with the intention of their group.
I think one of the reasons the market is sinking is because of all of the crap out there. There are only so many investors and only so much BTC to go around. Nobody can tell what's good or what's garbage anymore. There's more garbage than good. The whole cycle of adding more garbage to the pile needs to stop.
So, in that regard, I applaud them that they brought up the topic of the need to clean house, though I don't think there's really anything they can do force the issue.
I certainly don't disagree with you.
Edit: To further expand on this, I think people should move to a coin they feel has a good community. Quickly mining became a get rich quick scheme which lasted for a few months, the huge rise in gear imho led to the crapcoin era and we are feeling a correction. As a side effect, I think people moved back to coins they believe in. Look at LTC now, diff in the 5k. Personally I moved away from scrypt altogether, but I kind of feel like everyone should pick "their" coin and grow their community. Just imho.
Protoshares has a GPU miner out: https://bitsharestalk.org/index.php?topic=2598.0
PTS estimator here: http://mrx.im/pts.php?cpm=10500
A tuned 7950 @ 1100/500 should generate 3k CPM. A 290 in windows should generate 2.6-2.7k CPM.
I make just as much as i would have on the multipools, but the algo runs far cooler and expends less electricity. My 290 rig went from ~1385w down to 1020w and my 5 card 7950 rigs are right at 1kw too. The diff is about to drop a huge amount.
Give it a shot. I am currently on ypool.
Protoshares has a GPU miner out: https://bitsharestalk.org/index.php?topic=2598.0
PTS estimator here: http://mrx.im/pts.php?cpm=10500
A tuned 7950 @ 1100/500 should generate 3k CPM. A 290 in windows should generate 2.6-2.7k CPM.
I make just as much as i would have on the multipools, but the algo runs far cooler and expends less electricity. My 290 rig went from ~1385w down to 1020w and my 5 card 7950 rigs are right at 1kw too. The diff is about to drop a huge amount.
Give it a shot. I am currently on ypool.
Trailblazer:
PTS has actually been out for a while now, it's not new. It's only now gotten GPU miners after months of nothing but CPU. Use -a 1, as well as 2 threads. In other words, when you define your -t make it 0,0,1,1,2,2 etc.
The real kicker is that the diff is allegedly dropping a full third, from .03 to .01. Now, as more people hop on, i assume that will tighten up but either way, it's not gonna rise.
sgi02:
The way it's supposed to work is that you get a certain # of reserved Bitshares that is equivalent to the # of protoshares you have. Bitshares are supposed to be released when PTS taps out. There isn't a conversion of PTS turning into Bitshares, but rather if you have say 100 PTS, you can get 100 Bitshares "reserved". It's a clever approach to keep PTS value up and safe from a dump because those PTS holders are betting on Bitshares coming out with value.
the bitshares snapshot was taken in early march, so they are taking from that snapshot, however many PTS you had in your wallet on that snapshot is how many bitshares you get when you import your wallet when they release a bitshares wallet