bitcoin cloud mining is live - no hardware needed
not sure how it all works yet, reviewed at Wall street journal less than 24 hours ago, its legit
Bitcoin mining is dead, that cloud mining site only gives profits to day traders and the site owners.
More cost effective to go single 280X and sell your card, or save for an r9 290 non x.
Yea I notice it too. It's finicky. The sweet spot for my current card seems to be 1085 Core and 1500 Memory, with a -10% Powertune. I average ~660KH/s at those specs. The farther I get from those clocks (higher or lower), the lower my hash rate becomes.
If I remember right, the 270x is basically a "remastered" 7950, right? Not a simple re-brand... it's been re-done, just has the same base specs.
Read guys: https://bitcointalk.org/index.php?topic=117221.0
I misread your post as LTC not FTC... almost crapped myself! As others have said it's a bit of a gamble (but on the other hand... isn't everything - including holding fiat these days). Two possibilities exist pretty much since it, like LTC, are pretty much forks of BTC anyway. So one possibility is that the whole cryptocurrency 'boom' goes bust, or the proof-of-work coins based on BTC all go down because of dilution/forking - or things continue on like they have thus far (i.e. someday next year BTC are worth $10K, LTC are worth $1000, and FTC are worth the $30-40 that LTC are worth now).
In the worst case scenario (the first one obviously), you're out a few hundred dollars for power - but you helped heat your house a little during the winter (unless you're in the southern hemisphere... then oops). Best case scenario you've made so much money you don't care! That's basically what happened with my BTC I mined back in 2012... on a little more than $150 worth of electricity I've made somewhere in the area of $20K... of course, it could wind up being worthless in the long run - but in that case it was worth the 'experiment' anyway.
Do I wish I'd kept mining right up to the big ASIC explosion? Sure I do - but I can't complain about what I might have done but didn't - it's still been fun and profitable no matter what. I just don't delude myself into thinking that mining cryptos is a safer bet than having a decent job is... but if it can buy me a new Porsche sometime in the next year or two... that would be nice.
Thanks for the response. I'm going to keep up with this FTC mining. I mean hell I have the hardware and the power to do it so I might as well take the gamble.
Edit: Hey can someone help me please. I am currently trying to get the 1000hash from each of my 290x that people report. To do so it seems I need to use CGminer instead of GUIminer-Scrypt alpha. First off is this true? Secondly to use CGMiner do I have to use the APP SDK drivers, do using these drivers also increase performance with GUIMiner-Scrypt alpha? Thanks for any help guys.
I'm hooking up some FTC on coinex asap...
I have 50k IFC so i think that should last me for a while, unless something happens i wont mine more 50k seems enough as it is.
FTC, IFC and LTC are the ones i'll mine for the following months to come, seems reasonable?
Also how can i make my cpu run for feathercoin?
BTW, with a modest overclock, some overvolting and ear-bleeding noises im getting around 370-380khash/s
Other Builds (Click to show)
So... I've been using dustcoin and coinwarz to monitor the "profitability" of scrypt coins for a few days to see what it's like over time, and where 5000kH/s would get you (on average) $200/day a few days ago, that's down to $100/day now.
Is this indicative of where it's going in the next few months, or is this just a fluctuation and happens all the time? I was going to buy 6 R9 290s, but after seeing such a massive drop I'm worried I'd never make my money back (ignoring speculation) - the plan was to pull out money till hardware costs were covered, then consider keeping ltc/btc/ftc on speculation.
So I am noticing that if I turn my monitor off that my hashrate rises. CoinHuntr is reporting my hashrate above 500. When I turn on my display, GUIMiner reads out 365 kh/s, then CoinHuntr reads back about the same. Are these two reading differently or does an off display boost hashrate?
FTC= 2 7970's and 1 7950
LTC= 2 R9 290's, 1 7950, and a GTX 780
IFC= 4770k, 7870, 6870, and a 6750
The 7870 and 6870 are my friends who mine for me if I give them small things like a game here and there etc. I recently sold the 7970's and 7950's and replacing them with R9 290's. I bought 2 7970's on eBay last week for $425 for both but at the current prices I will probably turn around and sell them back on eBay for $800 and get 2 more 290's. My goal is to have only 290's mining by January. Hopefully 7 in total.