So I'm guessing you guys are running about even on electricity vs revenue hoping for future prices to rise?
Similar? You're not even factoring in the fact that DarkCoin (x11) uses about 60% less electricity than VertCoin (Scrypt-N). That means a whole slew of things - less electricity cost, less heat generation and thus if you're like me you can run more miners with the incoming summer heat, and obviously the best thing being the fact that the fans hover around 50-68% with temps at 75C so there is significantly less wear and tear on the cards.
Like I've been saying for weeks - X11 is the next major algo and anyone sticking with Scrypt is going to keep riding as it spirals downward like BTC did due to ASIC's.
Okay, so I'm a bit confused by the terminology. Virge and IEC, you guys are saying the electricity costs are taking 35% of your profits. Do you mean electricity costs are 35% of the revenue, leaving you with 65% profit? If that's true then it still seems like you are making decent money.
Or do you mean that you are spending 35% above your revenue, meaning you are paying out of pocket for coins above and beyond the cost of electricity?
Sorry for the confusion.
Is there a multipool that uses X11, but autoswitches to the most profitable coin of the moment and makes payouts in BTC? Like the equivalent of wafflepool/middlecoin/clevercoin etc., but based on this newer algorithm?
Seems like a prime time to create such a website due to summer weather, maybe put it at the domain summerpoolmining.com or something?
Mmm.. that AsiaCoin trajectory.. just like I anticipated.
I had been keeping an eye on AsiaCoin for days & the sell orders were way more than buy orders. Hence, I didn't pick some up cheap.
Not sure where or why the pump is coming from.
Are you mining Hiro.?
What pool or P2P node.?
The one I am on just has 2 people, me & some other guy.
Doge halved. Currently mining Doge on a loss, but whatever.
Cancelled my plan for buying a mining rig. Going to buy ASICs (preferably something cheap like the Zeus Blizzard if it comes out).
The Zeus Blizzard is 200. At current rate, with any coin, my daily profit would be an average of $1.75 at current prices of everything. ROI would be 4 months give or take a few days. Not bad.
Good luck with that, won't be buying ASIC's this time around. Cancelled my Titan pre-order, just decided it wasn't worth it.
Dogecoin block halving in a few hours & also the NASCAR race coming up.
Buy Buy Buy if already don't own enough.
I really want an ASIC that is cheap and will get its ROI. I don't have thousands of dollars to blow on an ASIC. The Blizzard is 1) relatively cheap 2) a good enough hashrateGood luck with that, won't be buying ASIC's this time around. Cancelled my Titan pre-order, just decided it wasn't worth it.
Move to X11.
Scrypt isn't worth it anymore.
Great.
I was thinking that for all the smart decisions you make.
Why would you waste your money on that Titan which will never make its ROI when it finally gets into the hands of the users.
Well I like Dogecoin and I just feel like mining it right now.
I don't run 24/7 so I don't see a need in really paying attention right now. Plus my desktop that I use to mine will be turned off for 7 weeks since I'll be off working.
I guess this is why my multi-coin mining pool just skyrocketed in profitability?
Yeah, it's been fluctuating like crazy. For a few days it was like 150-200% LTC profitability, then dropped to 75%, now it shot back up so hard it's back up to well over 100%.
Mainly because of the death of WhiteCoin.( Dev dumped the pre mine/his stash & bailed)
If they can resurrect the coin now it would be amazing.
I will still hate it as it is just trying to Bank the success of BlackCoin with no original ideas if its own.
Yeah. Wafflepool is currently mining it and it has well over 75% of the total hashrate. Using this to calculate pool hashrate percentage.Yeah, it's been fluctuating like crazy. For a few days it was like 150-200% LTC profitability, then dropped to 75%, now it shot back up so hard it's back up to well over 100%.
Yeah. The WC wallet has a vulnerability.All the exchanges have frozen WhiteCoin deposits/withdrawals because of some blockchain vulnerability.
It needs to be forked, some community members & people from other coins have stepped up to help, but I would rather see the Coin die.
WC is the BC for those who missed BC.Whitecoin was just another dressed up trashcoin. A lot of the scumbags who flatter themselves by calling themselves "devs" know they can make a quick buck due to the anxiety in alt coin markets due to the profit crash of mining. Folks want/need a new pump and dump, and plenty of "devs" willing to put up a trashcoin to bank on that desperation.
WC is the BC for those who missed BC.
Which is fundamentally flawed as you can't just create a new coin because you missed the last big one.
You just pointed out one of the major flaws of the current crypto world.
There are plenty of clones that try to feed off of the success of a coin.
They're all for pump and dump. Examples include the 50% premined coins, country coins, color coins, POW/POS coins.
I still can't believe anyone is putting real money into anything but bitcoin or litecoin at this point, but I'm more than happy to capitalize on their gullibility until the inevitable crypto crash wipes the slate clean.
WC is the BC for those who missed BC.