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The Altcoin Thread

Dark Shade said:
CentOS is notoriously bad for staying a little too far behind the curve in terms of packages and refinements (for instance, look at its accepted gcc version and how it affects newer programs with an old stdlibc++) All the *coin stuff works flawlessly in Ubuntu.

F5 is working. I am considering moving away from FTC as it doesn't seem like we have the hashrates to sustain an established coin such as FTC. Any suggestions?
Click to expand...
getting this stuff setup properly is proving to be harder than I expected. I have used solo daemons in the past but adding in the pool stuff is not very easy

How is the CPU on your machine doing with just running the daemon? I installed the DOGE daemon but I don't think its caught up yet on processing the backlog because its still using quite a bit of CPU
 
Just a reminder we need more MH/s to mine doge as its difficulty is far more than ftc (200+ now)
 
mkrohn said:
getting this stuff setup properly is proving to be harder than I expected. I have used solo daemons in the past but adding in the pool stuff is not very easy

How is the CPU on your machine doing with just running the daemon? I installed the DOGE daemon but I don't think its caught up yet on processing the backlog because its still using quite a bit of CPU
Click to expand...

CPU usage is minimal, really. You just need a large enough hard drive to store the blockchain
 
Dark Shade said:
CPU usage is minimal, really. You just need a large enough hard drive to store the blockchain
Click to expand...

yeah I have a pair of 1Tb drives mirrored on mine... third gen I3 on this box I picked up earlier. I've watched the CPU usage go down I guess I just wasn't caught up yet on the blockchain.

I'm doing some numbers on things like memorycoin and various servers. If I can toss some servers up and eek out some CPU mining profits while being hosted elsewhere I'm gonna be all over it.

I can't get phpmpos to download/install the directions are just resulting in errors
 
mkrohn said:
yeah I have a pair of 1Tb drives mirrored on mine... third gen I3 on this box I picked up earlier. I've watched the CPU usage go down I guess I just wasn't caught up yet on the blockchain.

I'm doing some numbers on things like memorycoin and various servers. If I can toss some servers up and eek out some CPU mining profits while being hosted elsewhere I'm gonna be all over it.

I can't get phpmpos to download/install the directions are just resulting in errors
Click to expand...

Ubuntu or CentOS?
 
Dark Shade said:
Ubuntu or CentOS?
Click to expand...

switched to ubuntu and now I went back to the LTS

good old directions:

/var/www# git clone git://github.com/TheSerapher/php-MPOS.git MPOS
Cloning into 'MPOS'...
fatal: remote error:
Repository not found.
root@####:/var/www# git clone git://github.com/TheSerapher/php-MPOS.git MPOS
 
Does anyone have any good resources on how to start mining? I have a few old cards laying around or am I better off just investing in some asic and hope for a decent ROI?
 
thebufenator said:
Today I managed to sell off some Doge that I had between 1-2M/h aimed at for 2 days. Got .21 BTC for it, haha.
Click to expand...

I'm trying this myself. When I finally was able to get all my DOGE to my wallet (I tried a couple different pools so I had bits outstanding all over the place), I just sent it over to Cryptsy. Well, I see the transaction in the block chain so that must mean Craptsy has it... the deposit is most likely sitting on their servers waiting to be processed.... for about 3 hours now. In that time, DOGE has gone down from 0.0000017 BTC to 0.00000103 BTC. F-you Craptsy!
 
Alright, almost got this pool server crap figured out, I think. Only problem I get is as soon as I get a client pointed to my server it connects and then immediately disconnects. Not sure what's going on there.
 
refraxion said:
Does anyone have any good resources on how to start mining? I have a few old cards laying around or am I better off just investing in some asic and hope for a decent ROI?
Click to expand...

What type of card? AMD?

@Carbon
Have you tried coins-e? seems a lot faster transaction vs craptsy.
 
Darksieg said:
What type of card? AMD?

@Carbon
Have you tried coins-e? seems a lot faster transaction vs craptsy.
Click to expand...

I looked at Coins-e shortly after I hit the "Send" button to send my coins to Craptsy. The price is a few points lower than Craptsy... but honestly, it's not a big deal at this point. The damage is done. I'm stuck waiting for Craptsy to at least show my balance before I can transfer it back off somewhere else. By the time my deposit shows up, I might as well just sell there.

F-you again Craptsy!
 
any information on using an amd apu for litecoin mining? The power cost would be no problem and even if I got 3-4 litecoins a month I think it would be worth it.
 
Carbon_Rod said:
I'm trying this myself. When I finally was able to get all my DOGE to my wallet (I tried a couple different pools so I had bits outstanding all over the place), I just sent it over to Cryptsy. Well, I see the transaction in the block chain so that must mean Craptsy has it... the deposit is most likely sitting on their servers waiting to be processed.... for about 3 hours now. In that time, DOGE has gone down from 0.0000017 BTC to 0.00000103 BTC. F-you Craptsy!
Click to expand...

One of my deposits there took over a day, the next one took 3 days, Craptsy they are!

H.
 
Haitch said:
One of my deposits there took over a day, the next one took 3 days, Craptsy they are!

H.
Click to expand...

I just sent a polite service ticket... maybe they can nudge it or something. Maybe it is hung up in one of their internal processing routines or something. I dunno.... that's why I'm asking them. I know my WDC deposits never took this long.

They definitely need some more/better/faster servers. It seems they are eager to add every new fad coin that pops up, but their platform can't support the added load.

EDIT: On the bright side, DOGE has started to go back up.
 
Last edited:
@Butterflies
Probably not much KH/s ( <30kh/s) and with litecoins difficulty It would be hard to earn 3~4ltc with that hashing power.

@Carbon
Thanks for the input going to try coins-e so far the only exchanged I've tried are btc-e and coinbase.
 
Yep if ever dogecoins shoots up to $1 hopefully btc-e will take them (Yeah wishful thinking hahah :D)
 
No way in hell Doge hits $1. If it did, it would have a market cap larger than BTC.
 
Darksieg said:
Who knows probably in a year or decade perhaps lol. Seems there's a lot of traction from the community.

Edit : They added Doge Coins @ https://vircurex.com/
Click to expand...

It's a community of retards though so they'll turn on a dime. I would call DOGE the macarena of coins. Nobody knows why the hell its huge but it is but everybody will be trying to forget about it.
 
mkrohn said:
It's a community of retards though so they'll turn on a dime. I would call DOGE the macarena of coins. Nobody knows why the hell its huge but it is but everybody will be trying to forget about it.
Click to expand...

As ill conceived as the coin was, if you stop and actually take a minute to think about the coin and ITS economy, it's really a good idea for the virtual currency community as a whole imho. To me it's basically like the "penny" of the bitcoin world, and it serves a valuable purpose in reining in the amount of bitcoins out there and distributing them among a much larger segment of people. Basically, it puts more BTC into circulation because of DOGE exchange volume, rather than people hording BTC waiting for the next bubble.

I'm tempted to open up a legit service (I have something in mind, just need the time to research the how and be able to do it) that would accept BTC, LTC and DOGE as forms of virtual currency I'd favor.
 
SunnyD said:
As ill conceived as the coin was, if you stop and actually take a minute to think about the coin and ITS economy, it's really a good idea for the virtual currency community as a whole imho. To me it's basically like the "penny" of the bitcoin world, and it serves a valuable purpose in reining in the amount of bitcoins out there and distributing them among a much larger segment of people. Basically, it puts more BTC into circulation because of DOGE exchange volume, rather than people hording BTC waiting for the next bubble.

I'm tempted to open up a legit service (I have something in mind, just need the time to research the how and be able to do it) that would accept BTC, LTC and DOGE as forms of virtual currency I'd favor.
Click to expand...

instead of taking doge how about taking feathercoin? I figured FTC was the Bronze to the LTC Silver and BTC Gold
 
TMCM said:
instead of taking doge how about taking feathercoin? I figured FTC was the Bronze to the LTC Silver and BTC Gold
Click to expand...

It's on my short list of coins I like as well for the long term. Something like:

BTC: $100 bill
LTC: $10 bill
FTC: $1 bill
DOGE: Penny

I know, with the fractional components the denominations are unnecessary, but when things like BTC and LTC start shooting up in price people start hording them pulling them out of the economy. You need something to replace them imho, and that's where the altcoins come into place. They pull the higher tier currencies out of the horde piles and back into the economies via the exchanges. It allows for more distribution of value across the system (at least in my head).
 
SunnyD said:
It's on my short list of coins I like as well for the long term. Something like:

BTC: $100 bill
LTC: $10 bill
FTC: $1 bill
DOGE: Penny

I know, with the fractional components the denominations are unnecessary, but when things like BTC and LTC start shooting up in price people start hording them pulling them out of the economy. You need something to replace them imho, and that's where the altcoins come into place. They pull the higher tier currencies out of the horde piles and back into the economies via the exchanges. It allows for more distribution of value across the system (at least in my head).
Click to expand...

but its the hording which makes the value go up. until that .0000000001 BTC is too much to buy you a candybar you don't need to worry about a lower denomination but as it stands the smallest tradeable BTC is still such a minor fraction of a penny that thinking like that just doesn't work. unless BTC surges like 1 MILLION times what it is now we won't have to worry about such crazy talk.

Take a good look at the normal trading volume on BTC alone. Within a small window there's a couple billion sitting there as tradeable just on mtgox and there's just as much over in BTC china and then there's still more exchanges.

This will not be replacing fiat no matter what people like to dream of. In like 30+ years maybe but certainly not in the foreseeable future. Our alien overlords will be providing us with a communistic government anyway but instead of having the hard working carry the dead weight they will just eat the lazy people to get them out of the gene pool.
 
thebufenator said:
I for one love the BTC I have gotten from Doge trading
Click to expand...

my too... I just don't see it as a going long type situation...

sunny you miss that announcement of a certain coin launching something like coinbase soon? I cashed out my balance with them after the price doubled on me but I'll reenter after I determine if this price is going to hold
 
mkrohn said:
my too... I just don't see it as a going long type situation...

sunny you miss that announcement of a certain coin launching something like coinbase soon? I cashed out my balance with them after the price doubled on me but I'll reenter after I determine if this price is going to hold
Click to expand...

I think I know which one you're talking about... :)

On a side note, do any of the pool operators possibly have the time to give me a pointer or two (setting up a pool server)? I'm not sure what's going on here with my setup, I get to the point where the client connects and then immediately disconnects. I don't want to step on any toes, so if not just tell me to shut up and I'll just continue grok it out.
 
SunnyD said:
I think I know which one you're talking about... :)

On a side note, do any of the pool operators possibly have the time to give me a pointer or two (setting up a pool server)? I'm not sure what's going on here with my setup, I get to the point where the client connects and then immediately disconnects. I don't want to step on any toes, so if not just tell me to shut up and I'll just continue grok it out.
Click to expand...

Client connects to what, the stratum? Then immediately disconnects?
 
Dark Shade said:
Client connects to what, the stratum? Then immediately disconnects?
Click to expand...

And that's not where I'm entirely sure (me = noob, I tend to dive right in and learn as I go). I'm running cgminer on my client, it tried to connect and says my pool is down/slow or has invalid credentials. On the server side, pushpool sees the connection, opens up a bunch of ports and then immediately ends the connections on them. I've got php-mpos up and running, set up an account with a worker, I think my server config is right. Not sure if I'm missing anything.
 
SunnyD said:
And that's not where I'm entirely sure (me = noob, I tend to dive right in and learn as I go). I'm running cgminer on my client, it tried to connect and says my pool is down/slow or has invalid credentials. On the server side, pushpool sees the connection, opens up a bunch of ports and then immediately ends the connections on them. I've got php-mpos up and running, set up an account with a worker, I think my server config is right. Not sure if I'm missing anything.
Click to expand...

Do you have your coin daemon running on the php-mpos host? The stratum connects to the rpc user you set for your coin (for example, in .feathercoin/feathercoin.conf) and the daemon must have the latest blockchain info
 
Dark Shade said:
Do you have your coin daemon running on the php-mpos host? The stratum connects to the rpc user you set for your coin (for example, in .feathercoin/feathercoin.conf) and the daemon must have the latest blockchain info
Click to expand...

I do indeed. For S&G I set up this particular instance with dogecoind running (server=1 daemon=1), mpos has all the proper block/difficulty info showing up when logged in.

You know, I wonder... I may have forgotten to configure/build/install stratum! *snark* I wonder if that might cause any problems? *snark* :D

I'm used to working with CentOS. Trying to get used to Ubuntu/Debian package management is... different. Plus all of the documentation for the various mining tools/utilities/servers/etc is VERY lacking. I wouldn't be surprised if I missed something somewhere.
 
Yeah there's a litecoin stratum package on git that require python-twistd installed to use. If you need more instructions than what the php-mpos Quick Start can give you, I can help
 
Dark Shade said:
Yeah there's a litecoin stratum package on git that require python-twistd installed to use. If you need more instructions than what the php-mpos Quick Start can give you, I can help
Click to expand...

I'll see about getting stratum taken care of tonight. I *think* everything else appears to be working, hopefully that's just the missing mojo that's keeping things from working. Once I get that ironed out, I'll probably roll one of my idle VPSes over from CentOS to Ubuntu and replicate the process for a "live" pool that everybody can use should they so desire (and see how quickly it gets hacked).
 
Talking WDC?

mkrohn said:
my too... I just don't see it as a going long type situation...

sunny you miss that announcement of a certain coin launching something like coinbase soon? I cashed out my balance with them after the price doubled on me but I'll reenter after I determine if this price is going to hold
Click to expand...
 
SunnyD said:
I'll see about getting stratum taken care of tonight. I *think* everything else appears to be working, hopefully that's just the missing mojo that's keeping things from working. Once I get that ironed out, I'll probably roll one of my idle VPSes over from CentOS to Ubuntu and replicate the process for a "live" pool that everybody can use should they so desire (and see how quickly it gets hacked).
Click to expand...

when I remove the stratum protocol I'm getting the login error message and its timing out when I try to connect through stratum so I have more than just a problem with stratum.

I'm investigating now but wow this is way harder than just setting up a local server to just feed me work.
 
Anyone having problems with php-mpos can PM me for help. I got F5 up and running but it wasn't without its quirks :)
 
Well, it is about 20 hours now after I sent my deposit.... still no sign of it on Craptsy. I'm not the only one having this issue. I am so done with Craptsy. As soon as my coins show up, I'm taking them back. They'll get their little withdrawal fee and that's it. I'm not paying anymore transaction fees to a shoddy service like that. Coins-e now trades in everything I have played with so far so I'm going to give them a go. According to one other testimonial, 8 minutes for a deposit to Coins-e... that's more like it.
 
Carbon_Rod said:
Well, it is about 20 hours now after I sent my deposit.... still no sign of it on Craptsy. I'm not the only one having this issue. I am so done with Craptsy. As soon as my coins show up, I'm taking them back. They'll get their little withdrawal fee and that's it. I'm not paying anymore transaction fees to a shoddy service like that. Coins-e now trades in everything I have played with so far so I'm going to give them a go. According to one other testimonial, 8 minutes for a deposit to Coins-e... that's more like it.
Click to expand...

hows the trade volume over there? I might just have to go through and withdraw all of my coins from cryptsy
 
Volumes look OK for the popular coins and they're probably increasing all the time because even on the Cryptsy support site, some of the people in various threads there are vowing to do more business with Coins-e and other places. Vircurex has recently opened DOGE as well... They seem to only deal with a number of the more popular trade pairs. Though volumes there are slightly lower, it's still another option.
 
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