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The Altcoin Thread

jojo69 said:
peak alt coin is upon us
Click to expand...

hopefully this is just a hick up, but as long as I make at least 3 times my electric cost I'm going to keep at it.

Really though I can't think of any investment in this world that even at these rates would match our annual return percentage.
 
I have an electrician coming tomorrow :).

Let's see the damage to get 3 or 4 dedicated circuits setup for mining. I just need a sub panel and circuits on the same wall as the main feed into the house but on the inside, absolute minimal work running lines for the placement where I want them.
 
96redformula said:
I have an electrician coming tomorrow :).

Let's see the damage to get 3 or 4 dedicated circuits setup for mining. I just need a sub panel and circuits on the same wall as the main feed into the house but on the inside, absolute minimal work running lines for the placement where I want them.
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In my area, I estimated in a "fantasy scenario" in another post here that to get 10 or 12-gauge wire rewired in my house to 12x outlets with 12x 20A breakers is around $2500, not including parts such as a new panel and breakers, outlets, and wiring.

YMMV.
 
octoberasian said:
In my area, I estimated in a "fantasy scenario" in another post here that to get 10 or 12-gauge wire rewired in my house to 12x outlets with 12x 20A breakers is around $2500, not including parts such as a new panel and breakers, outlets, and wiring.

YMMV.
Click to expand...

I do not need my whole house rewired :D, just some dedicated circuits right next to the main house feed. I will guess $500 absolute maximum, I am betting closer to $300. I will post back after I meet with the electrician tomorrow though.
 
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i just had a new outlet put in on it's own breaker. $240 which included time, parts, and there $60 /h rate.

I look @ my partner and said... never again. I could have cut the hole and pre-ran the wire meself and probably would have saved about $170.

The $240 is cheap... i called one company and they told me it would have been $99 just to show up, $100 /h for work + material.

I think I'm in the wrong line of work.
 
octoberasian said:
In my area, I estimated in a "fantasy scenario" in another post here that to get 10 or 12-gauge wire rewired in my house to 12x outlets with 12x 20A breakers is around $2500, not including parts such as a new panel and breakers, outlets, and wiring.

YMMV.
Click to expand...

Go 220v, double the power for the same gauge wire.
 
Ive found what I've been looking for. A profit switching multipool that mines several coins simultaneously, instead of one coin at a time. I've been wondering if this was even possible, and here it is.
Multiple geolocated stratum servers, auto-trade to bitcoin, no registration required.
http://coinshift.com/
https://bitcointalk.org/index.php?topic=497366.0
I'll be pointing around 1MH at this pool for a few days to test it out.
 
lilfiend said:
Go 220v, double the power for the same gauge wire.
Click to expand...

Not only that, power supplies typically run a couple percent more efficient at 240V. Only problem is if you want to use a UPS as they're a little tough to find for 240V.
 
lilfiend said:
Go 220v, double the power for the same gauge wire.
Click to expand...
Good suggestion. I have not looked into the possibility of going 220V, just that these are 200A capable now.

That post was basically seeing what would it take to power 36x R9 290X cards if going by the original post of that thread, which I have no idea what model of those cards or how many either. However, that "fantasy scenario" gave me a general idea to feed my curiosity what it would take.

And, wow... it's costly to setup but when you think long-term, it should pay itself off in less than 8 months.
 
SamE said:
Ive found what I've been looking for. A profit switching multipool that mines several coins simultaneously, instead of one coin at a time. I've been wondering if this was even possible, and here it is.
Multiple geolocated stratum servers, auto-trade to bitcoin, no registration required.
http://coinshift.com/
https://bitcointalk.org/index.php?topic=497366.0
I'll be pointing around 1MH at this pool for a few days to test it out.
Click to expand...

This is very interesting.

Gonna try it out and see how it goes. All of the normal multipools are doing terribly.

EDIT: Over an hour in, very very few rejects.
 
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is there any asic scrypt miner out for ready to ship?
if they out, difficulty will rise and gpu can't mine any longer?
 
erasure said:
is there any asic scrypt miner out for ready to ship?
if they out, difficulty will rise and gpu can't mine any longer?
Click to expand...
The only one I know of (and have not seen anything else that's shipping) are the Lightning ASIC scrypt miner posted on the Litecoin forums.

They're around 300 kHash/s at 8W (in Scrypt mode; SHA-256 runs higher) for $200 each.

Comparatively, a 750Ti can get you between 250 kH/s to 330 kH/s depending on how you configure them at 75W per card at $150 to $200 each depending on brand and model.

An R7 260X is around 300 kH/s for 150W at $200-ish each.

I posted it before in the Video Cards forum, and here is a link to them:
https://bitcointalk.org/index.php?topic=421921.0
https://litecointalk.org/index.php?topic=13314.0 (Original thread, and many more.)

Videos of the initial batch for testing:
https://litecointalk.org/index.php?topic=14956.msg118424#msg118424
 
SamE said:
Ive found what I've been looking for. A profit switching multipool that mines several coins simultaneously, instead of one coin at a time. I've been wondering if this was even possible, and here it is.
Multiple geolocated stratum servers, auto-trade to bitcoin, no registration required.
http://coinshift.com/
https://bitcointalk.org/index.php?topic=497366.0
I'll be pointing around 1MH at this pool for a few days to test it out.
Click to expand...
i pointed to this pool
lets see what happen
my hash rate is about 1.1mh
i have two cards (280x and 7970) each 600kh
i written my blockchain address in username
is that correct?
 
SamE said:
Ive found what I've been looking for. A profit switching multipool that mines several coins simultaneously, instead of one coin at a time. I've been wondering if this was even possible, and here it is.
Multiple geolocated stratum servers, auto-trade to bitcoin, no registration required.
http://coinshift.com/
https://bitcointalk.org/index.php?topic=497366.0
I'll be pointing around 1MH at this pool for a few days to test it out.
Click to expand...

Givin' it a try. Something seems to be going horribly awry with HashCows as their rejected shares have been running at about 35% of their accepted shares.
 
erasure said:
i pointed to this pool
lets see what happen
my hash rate is about 1.1mh
i have two cards (280x and 7970) each 600kh
i written my blockchain address in username
is that correct?
Click to expand...

Correct. Same username setup as Middle, Waffle, and Clever.
 
jjandrob said:
it's my understanding its based on buy orders. Some user will go to the exchange and say i want X amount of coin for X amount of BTC. The site (coinwarz) then does some math and determines the most profit based on current buy orders taking into consideration your power cost, current has rate, and coin difficulty.
Click to expand...
Well, my hashrate of 1510 (WU) on two AMD R9-290s is slowly going underwater. Coinwarz now shows nearly every coin at about $1 daily profit after power usage. More than half the coins are already underwater by about a $1.

Yet bitcoin is up and still flirting at $700, relative to when I was making $5/day, difficulty seems relatively unchanged, and exchange rates don't seem to be the culprit.

I'm beginning to think I'm not cut out for this. Which is a shame since I'm about to build my 7-card GTX 750 Ti open-air rig! It will put me back into the black again. But not where I wanted to be (probably about $5/day again. . . but was hoping for $10).

P.S. I use Wafflepool. Results for the last couple days have been disappointing. About .009 BTC per day instead of .013.
 
vibe said:
not yet and they won't really be any savings over gpu except less power

https://litecointalk.org/index.php/topic,6506.0.html

well actually gridseed is shipping but it is very expensive for no gain at all except power savings
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Apparently Gridseed sold all of their initial 100,000 run to the highest bidders, most of whom are large Chinese farms.

Consumers will probably have to wait for the 3rd or 4th runs would be my guess.
 
SamE said:
Ive found what I've been looking for. A profit switching multipool that mines several coins simultaneously, instead of one coin at a time. I've been wondering if this was even possible, and here it is.
Multiple geolocated stratum servers, auto-trade to bitcoin, no registration required.
http://coinshift.com/
https://bitcointalk.org/index.php?topic=497366.0
I'll be pointing around 1MH at this pool for a few days to test it out.
Click to expand...

This seems surprisingly similar to Scryptguild's implementation as well. Just thought I'd point that out.
 
I had a friend with ~20mhs on Waffle the other day. He barely broke .1.

He and i are now trying out coinshift. He's got ~20mhs, i've got about ~19mhs.

One thing Coinshift does not have are your usual btc / mhs, prof % of ltc etc. I am hoping they implement these things soon.
 
Why is it always the Chinese that buy ASICs? Why don't we hear "it was the Germans" or "some Silicon Valley startup"? Is it because most of these are made in Asia and they get first dibs due to proximity (shipping costs)?
 
I switched all my rigs back to my Litecoin pool the last couple days, at least until the difficulty changes again. I did sign up on ScryptGuilds site though...just to check it out.

It seems to me that every time a multipool get big, their payouts go to complete shit. When Waffle was >10Gh/s I was getting over .01 BTC per MH/s, now that its over 20Gh/s, seeing quite a bit less than that...
 
Pitbully said:
I switched all my rigs back to my Litecoin pool the last couple days, at least until the difficulty changes again. I did sign up on ScryptGuilds site though...just to check it out.

It seems to me that every time a multipool get big, their payouts go to complete shit. When Waffle was >10Gh/s I was getting over .01 BTC per MH/s, now that its over 20Gh/s, seeing quite a bit less than that...
Click to expand...

which is really weird you would think it would be the opposite.
 
Pitbully said:
I switched all my rigs back to my Litecoin pool the last couple days, at least until the difficulty changes again. I did sign up on ScryptGuilds site though...just to check it out.

It seems to me that every time a multipool get big, their payouts go to complete shit. When Waffle was >10Gh/s I was getting over .01 BTC per MH/s, now that its over 20Gh/s, seeing quite a bit less than that...
Click to expand...

My payouts on Waffle have been decent. For the past 10 days, my average has been 0.008 BTC/day with 944 KH/s and that's with a couple evenings of work/gaming.
 
I'm still on waffle and while my payouts have been lower than .01 per Mh my rigs have been up and down for the past few days. One GPU might go down on a rig of 4, other times the entire rig will go down so it's hard to say what my "real" profit would be. I really liked the idea of not signing up for a pool but hashcows and scryptguild require sign-up.
 
AuroraCoin - looking at the pool stats just now got me thinking it might be a good time to jump in if we could gather up some decent hash rate. The "crash" in price (lol? from ~0.1 btc to 0.055 btc... I'll take it) shaved the net hash from 55GH/s to just under 9GH/s, and difficulty tumbled down to under 3000.

Lower difficulty than LTC for 2x the value?
 
edge929 said:
I'm still on waffle and while my payouts have been lower than .01 per Mh my rigs have been up and down for the past few days. One GPU might go down on a rig of 4, other times the entire rig will go down so it's hard to say what my "real" profit would be. I really liked the idea of not signing up for a pool but hashcows and scryptguild require sign-up.
Click to expand...
Avoid Hashcows, horrible payouts.
Scryptguild is pretty good, though, despite being VERY Doge-heavy.
 
SunnyD said:
AuroraCoin - looking at the pool stats just now got me thinking it might be a good time to jump in if we could gather up some decent hash rate. The "crash" in price (lol? from ~0.1 btc to 0.055 btc... I'll take it) shaved the net hash from 55GH/s to just under 9GH/s, and difficulty tumbled down to under 3000.

Lower difficulty than LTC for 2x the value?
Click to expand...

Looks like difficulty skyrocketed.
 
SunnyD said:
AuroraCoin - looking at the pool stats just now got me thinking it might be a good time to jump in if we could gather up some decent hash rate. The "crash" in price (lol? from ~0.1 btc to 0.055 btc... I'll take it) shaved the net hash from 55GH/s to just under 9GH/s, and difficulty tumbled down to under 3000.

Lower difficulty than LTC for 2x the value?
Click to expand...

I think a lot of people had the same idea... lol.

Coinwarz still places AUR above LTC, but it is barely beating out LTC in the profit arena.
 
kache said:
Avoid Hashcows, horrible payouts.
Scryptguild is pretty good, though, despite being VERY Doge-heavy.
Click to expand...

Seems everyone took a tumble yesterday... but Hashcows just got kicked in the nuts. It's right above Middlecoin which still currently has the worst payout. The one that sorta held in there a bit is Clevermining. http://poolpicker.eu/

I've also switched to Scryptguild. I like that it focuses a lot on DOGE... I've been meaning to mine some more DOGE anyway... just for kicks. However, Scryptguild needs a bit more hash power.
 
DooKey said:
I know the feeling. I'm up to 5x 290, 4x 280x, 1x 7990, 2x 270 and 1x 7850...........talk about being infected.
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It's up in the air right now, but I was planning on going full on epidemic with another dozen Sapphire 280X Toxics. I will wait and see what the market does in the next couple weeks here though.
 
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