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The Altcoin Thread

blade52x said:
Much less than scrypt. I've been getting numbers lately of 2/3 the profit of scrypt. Nothing comes for free.
Click to expand...

depends entirely on how scrypt is performing. When its .003 BTC/Mh on scrypt then its quite different than it is at .006 and thats just a few days difference in the scrypt multipool world
 
blade52x said:
I would just setup your own P2Pool for Dark or Hiro, especially with the amount of hash power you have. It's really not difficult to setup a node (can even do it in a virtual machine) and when you're right on top of your own node, you get almost no latency and rejects. The first 12 hours the payouts are low (they ramp up), but once P2Pool is going full swing, it's just really nice and convenient, and payouts from the P2Pool network go straight into your wallet.
Click to expand...

I'm game for this but I need a guide to keep me sane ;)
Know of any competent guides I can use and run Linux?
I "could" use my Win7 DD as the server I suppose if that's easier to set up.
 
It's really easy on Linux

https://github.com/chaeplin/p2pool-drk

Download that and just follow the instructions to install p2pool and x11 hashing. You will need to download the DarkCoin wallet and setup an rpc user and password, and you also want rpcallowip=127.0.0.1 so only p2pool or anything on localhost can rpc connect to the wallet. Once the p2pool is up and running, you point all your miners to the local ip address and port of the node, ie : 192.168.0.10:3333, and the username and password of the miners can be anything. All coins mined on the P2Pool network will then deposit into the node wallet.
 
izusaga said:
Mmm.. that AsiaCoin trajectory.. just like I anticipated. ;)
Click to expand...

I'd expect it to move higher sometime after it becomes fully PoS.

I just wish I'd bought a lot more at 5xx and low 6xx range - it's been testing 1100 for a while now so I got an easy double.
 
I've been testing x11 and the temps are great, but i've got no idea which coins i should be hoarding right now lol.
 
mkrohn said:
depends entirely on how scrypt is performing. When its .003 BTC/Mh on scrypt then its quite different than it is at .006 and thats just a few days difference in the scrypt multipool world
Click to expand...

If someone is mining it out on the multipools, they deserve their crappy "profit".

It pays not to be lazy in this type of biz. There are plenty of coins out right now that are doing .006+. Just gotta find them.

I'll give people 2 hints: NRS / XPM.
 
atp1916 said:
If someone is mining it out on the multipools, they deserve their crappy "profit".

It pays not to be lazy in this type of biz. There are plenty of coins out right now that are doing .006+. Just gotta find them.

I'll give people 2 hints: NRS / XPM.
Click to expand...

Call me lazy then, or 2 mhash is just not enough to care about the difference. I mine on Nicehash at a daily adjusted profit threshold, and Waffle as a backup to that. I really can't be bothered trying to keep up with the next big shitcoin, pool registration, new wallets to maintain, conversion etc etc. Only reason I'm thinking of X11 is temps for the summer.
 
SilverSliver said:
Call me lazy then, or 2 mhash is just not enough to care about the difference. I mine on Nicehash at a daily adjusted profit threshold, and Waffle as a backup to that. I really can't be bothered trying to keep up with the next big shitcoin, pool registration, new wallets to maintain, conversion etc etc. Only reason I'm thinking of X11 is temps for the summer.
Click to expand...

You and others who "can't be bothered" are accelerating the demise of altcoins, and I love it.
 
IEC said:
You and others who "can't be bothered" are accelerating the demise of altcoins, and I love it.
Click to expand...

The rest of this year will decide whether not there is any real future in crypto, or at least altcoins specifically. That's why I tend to hold at least 50% BTC at all times. I'm not even that confident in LTC.
 
blade52x said:
The rest of this year will decide whether not there is any real future in crypto, or at least altcoins specifically. That's why I tend to hold at least 50% BTC at all times. I'm not even that confident in LTC.
Click to expand...

LTC made it's bed with ASIC's. Given that this environment doesn't really have room for two big dogs running ASIC's, the downward spiral of LTC will likely continue as it dies to BTC.

Idiots. Should have forked when they had the chance.
 
SilverSliver said:
Altcoins accelerated the demise of altcoins.
Click to expand...

Not altcoins, just "supporters" of bad clones like WhiteCoin accelerate the demise of altcoins. I can't believe people are still involved with that one. There's just so much wasted effort and market cap going right into the garbage can every single day in the crypto market.
 
izusaga said:
LTC made it's bed with ASIC's. Given that this environment doesn't really have room for two big dogs running ASIC's, the downward spiral of LTC will likely continue as it dies to BTC.

Idiots. Should have forked when they had the chance.
Click to expand...

Exactly, LTC has nothing to really differentiate itself from BTC now that ASICs are on their way. 4x BTC supply and 1/4 the block time... hardly innovative. Why would you want to put your money into that when you could just buy BTC outright. They both offer the same "features", except BTC has a vastly larger audience.
 
I lost all my damn Darkcoins. That was the only coin I was holding onto since giving up mining crap.

I reformatted / reinstalled windows and it was literally the only wallet I didn't back up.

I was poking around the web and decided to check cryptsy and whoops DRK went up like 5X (10X since I bought) so I figured I would sell half. Whoops, no wallet. lol

Would be worth about $1300 right now :-(
 
izusaga said:
We've been talking about it on this thread for over two weeks!

Where do you get the Satoshi value from? I always calculate it manually and it's a HUGE pain in the ass.
Click to expand...

A satoshi is 0.00000001 BTC (1E-8), which is currently the smallest fraction of a BTC possible. Thus if you are using an exchange like Mintpal which goes to 8 decimal places, you simply use the nonzero digits.

For example, it's 0.00001872 BTC per AC right now on MintPal which works out to 1872 satoshis.
 
IEC said:
A satoshi is 0.00000001 BTC (1E-8), which is currently the smallest fraction of a BTC possible. Thus if you are using an exchange like Mintpal which goes to 8 decimal places, you simply use the nonzero digits.

For example, it's 0.00001872 BTC per AC right now on MintPal which works out to 1872 satoshis.
Click to expand...

Right, this is what I already do - like I stated, I currently calculate it manually (see: I plug the numbers into a calculator). I was just hoping there was a web resource that has the equivalent of coinmarketcap.com but in Satoshi's so I didn't have to manually plug in the numbers. My google-fu has failed me so far.
 
Just look at the price on Mintpal, ignore the decimal, and that's your satoshi price. :p

(Same thing in any BTC market on any exchange)
 
What are you guys mining now? I'm on AC just waiting for a pump but i just eeked in a few days before PoS. I'm hoping to get a better head start on the next big coin. maybe some x11?

The last coin I was able to successfully get ahead of the curve on was ltc. I haven't been able to guess the next big coin since.
 
lol ya, I just posted a thread about it a little while ago. I'm glad I just stated mining AC.
 
FAC, dead
WC, dead
AC, dead

And this is why you don't invest in clones (unless you are gambler). If you like PoS, BC is the way to go. Just need some patience. :p
 
I think i'm just going to mine a few thousand of every new crap coin.

I'm waiting on an x-11 nvidia client tho
 
mkrohn said:
how long for blackcoin POS?
Click to expand...

BC train left the station long ago... crashed and only 20% recovered itself.

there are a few pools that multimine and buy BC off the market (keeping price up a bit) but you can't mine it directly anymore.
 
collegeboy69us said:
BC train left the station long ago... crashed and only 20% recovered itself.

there are a few pools that multimine and buy BC off the market (keeping price up a bit) but you can't mine it directly anymore.
Click to expand...

Somebody said blackcoin is Proof Of Stake. What you're talking about is Proof of Work.

But this is what the site says:
You will receive a 1% compound interest on a yearly basis on the coins you hold. Due to the low 1% interest on BlackCoin, inflation is extremely low.
Click to expand...
so does that mean a year? I won't hold that long
 
mkrohn said:
Somebody said blackcoin is Proof Of Stake. What you're talking about is Proof of Work.

But this is what the site says:
so does that mean a year? I won't hold that long
Click to expand...

Blackcoin is already POS. In order to "mine" it, you are indirectly mining other coins, having the pool exchange to BTC and then from there buying BC at whatever the asking price is.

As for the interest, yes, it's 1% for the whole year or modestly higher if you stake due to compounding (something like 1.01%).
 
I moved a chunk of machines over to blade52x's x11 BC pool last night, i'll see how it does compared to scrypt mining on waffle / clever.
 
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