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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1137

post #11361 of 22340
Quote:
Originally Posted by Roulette Run View Post

Thanks, I needed that.

No Nuts No Glory lol tongue.gif
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post #11362 of 22340
Quote:
Originally Posted by korruptedkaos View Post

No Nuts No Glory lol tongue.gif

Don't worry, they're big as an elephant's. cheers.gif
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post #11363 of 22340
Quote:
Originally Posted by DiGiCiDAL View Post

UTC is absolute garbage... unless you happen to be pulling down - oh, something like 10K coins per day... which isn't possible. There's a 2M premine on that coin, then they had big private pools jump on the backend - and then had tons of 'problems' getting the public pools up and running... which by the time they did the difficulty had already gone to 5 and was steadily rising...

I'll agree with anyone skeptical of NUT, EAC, DOGE, or whatever coin comes up next week... but that coin in particular seems like it was designed to be nothing other than hype and a big payoff for the devs and their buddies. I won't mine it simply on principle... I like the idea behind scrypt-jane mining and coins with POS as well as POW mining in the initial phase... and I like Bumface as a person when I've chatted with him in the trollbox... but that coin is a major fraud IMO.

Yep POT was a big bounty - but it will have a fast drop-off as well. Just remember that mining new coins (just like trading in any coins, old or new) is all about the averages. Not every coin you pick to mine at the start will wind up being worth anything, not every coin will get pumped to the moon a couple of months later. As long as you have more value at the end of the month (whether cashed out as fiat/BTC or held in the original currency) then you did well. If you don't - then you need to adjust your strategy. But no one avoids every bad trade, or catches every good opportunity... and anyone that claims to is trying to either rob you or scam you in another way.

It's always better to have between 10-20 1% gain days in a month than 1 or 2 20% gain days... because the former indicates a good methodology and discipline - where the second is simply gambling (unless you can do that every single month without a bad one costing you just as much... in which case you should be trading for a large investment bank). In fact, if you can pull that off for more than a year - you could just start an investment bank of your own... but I guarantee you'll be investigated and audited every year you are in business. biggrin.gif

I rack disirpine. Seriously good post.
post #11364 of 22340
Man, Middlecoin is either on fire or in the dump each week. We will go from having high payouts to server issues each week. Don't know what is up, but I guess this is what you have to deal with unless you want to mine and trade yourself and from what I have seen it is just as frustrating trying to use the exchanges yourself. Anyways, that's my morning rant, now I am off to my real job. frown.gif
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post #11365 of 22340
Quote:
Originally Posted by utnorris View Post

Man, Middlecoin is either on fire or in the dump each week. We will go from having high payouts to server issues each week. Don't know what is up, but I guess this is what you have to deal with unless you want to mine and trade yourself and from what I have seen it is just as frustrating trying to use the exchanges yourself. Anyways, that's my morning rant, now I am off to my real job. frown.gif

I second that rant! Last nights payout was an hour late and 50% short of what i call average.
post #11366 of 22340
Mining KDC Klondike Coin, nice guide here (http://www.reddit.com/r/dogecoin/comments/1tm0ku/a_noobs_guide_to_mining_dogecoin_on_the_windows/) for setting up cloud mining for free! (for 30 days rolleyes.gif) getting an extra 70Khs.
Total KHS is around 865 not bad for x2 680 4770k and 20 core cloud thumb.gif
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post #11367 of 22340
Quote:
Originally Posted by korruptedkaos View Post

I downloaded a custom version off bitcointalk from somewhere when I was searching for settings?

most of the originals are borked up!

Ive just been looking for it but I cant find it again, I have the file though if you want it?

i'll check again but I did find some other settings aswell that's different than what I posted I was using.

give me 5 mins I'll see if I can sort it all out for you?

CGMinerv3.7.2Scrypt-Jane-Custom.zip 2014k .zip file

--scrypt-jane --sj-nfmin 4 --sj-nfmax 30 --sj-time 1388361600 -d 1 -g 2 -s 1 -E 10 -v 1 -I 13 --thread-concurrency 8192 --worksize 256 --expiry 1 --queue 0 --scan-time 1

that's what im using & it works

Nothing but hardware errors from my R9 290. Tried with 13.12 and 14.1 drivers, but no luck either way. Have you experienced that before?
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post #11368 of 22340
Quote:
Originally Posted by phill1978 View Post

Ok, I have a question for the real speculators here. My bro claims (and showed me quite a bit of proof) that he is making around £580/950$ a month from mining with 3 x 290 cards 24/7 after power costs are deducted. He knows the pitfalls of mining and has joined a pool. He also knows at some point the bubble will burst when bit companies and even banks really step into this.

So he is considering spending £10,000 / $16,500 on 24 cards and some aircon into his garage and has shown me his calculations for earning £5,000 / $8000 a month, tax free after costs.

Of course, now my interest level is high! I also have enough money easily to front 50%

( or even 100% but then he gets no gain)

So my question is, of course the markets fluctuate but how realistic is it that in 2014 he could take 12 x £5000 / $8000 and make £60,000 / $100,000 this year or even Half from 24 x 290 cards mining ?

Would it be worth my sinking 50% of the card and setup costs into this?

Where does he live? I'd like to come by and stee all of it.

Quote:
Originally Posted by Roulette Run View Post

If anybody is interested, the new AMD beta drivers are out: http://support.amd.com/en-us/kb-articles/Pages/latest-catalyst-windows-beta.aspx?cmpid=social17945594

On my 290X, I was mining at 930khps. With 14.1 driver, I'm now at 860. frown.gif
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post #11369 of 22340
Quote:
Originally Posted by Krusher33 View Post

Where does he live? I'd like to come by and stee all of it.
On my 290X, I was mining at 930khps. With 14.1 driver, I'm now at 860. frown.gif

I have only heard bad things about the new beta drivers... If it ain't broke, don't fix it.
post #11370 of 22340
Quote:
Originally Posted by Krusher33 View Post

Where does he live? I'd like to come by and stee all of it.
On my 290X, I was mining at 930khps. With 14.1 driver, I'm now at 860. frown.gif

I hate to hear that, I had hopes for an improvement. I think AMD needs to understand what percentage of their graphics card sales is due to the mining community and start catering to us just a little bit. It would be great if either AMD or nVidia would come out with a line strictly dedicated to scrypt mining, I think we've only seen the tip of the iceberg as far as how widespread it will become in the future and these two card manufacturers need to recognize it for what it is.
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