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post #11681 of 22497
Quote:
Originally Posted by korruptedkaos View Post

...
wouldn't putting your hashrate across many different alts just give a less share % of the most profitable though?
...

Yes, but it also guarantees that you didn't completely miss out on a coin which became the most profitable after some time. For example, when I was mining DOGE I believed it to be very likely a waste of time/hash but as the difficulty was low I mined it anyway with one or two miners. At the time I was much more heavily mining WDC/PPC/FTC/LTC but it seemed like a good side-bet due to the meme's popularity. It was the same with MOON, NYAN, etc.. In many cases, with those coins I don't even bother to download a wallet - just mine straight for the exchange account and dump on a set schedule.

If there's something that is a guarantee (whatever that is) to be more profitable that any other coin during a set period - i.e. if you are positive that UTC will net you more BTC/day than any other coin during the same period (i.e. currently Maxcoin and probably some other crapto I'm forgetting that IPO'd this week) then yes, it would make sense to put all of your hashrate behind that one coin. But again that's gambling... you're making a bet that you're backing the winner every time - and history shows that no one can do that for very long. Even Warren Buffet has made some miserable investments over his lifetime... but you can't tell because he never put 100% of his assets into a single property/stock/commodity.

This entire discussion is far removed, however, from my original point as it pertains to trading. The simple fact of the time involved in mining guarantees some insulation to the 'noise' of the exchange rates as it's sometimes possible to determine if you're backing the loser and switch before it represents much loss. On the other hand chasing the market on the exchange and dumping 100% of your holdings into a single trade-pair will almost always end up costing you in the long run - as the volatility and ease of manipulation guarantees that you will not time everything properly and can wind up bag-holding for some whale when the wind changes direction on you. wink.gif
post #11682 of 22497
dude!

you see that is where we have different idea's of crypto's? you are in this for long haul really. betting on exchange rates fluctuating in your favour?

I however am not basing my earnings on any long term strategy. im using a short term strategy to get the highest gains I can so that I have zero fiat in crypto's.

that way if it all collapses tomorrow or next week I wouldn't of lost anything! the fact is my strategy has my earnings in hardware atm & will continue to until I have more & made that much profit that I have excess that I can afford to play with it in trading.

that way im not losing anything?
mining any new alt is a risk & I will only ever mine a new alt that's got minimal diff for a day or two?

I only mined pot for a day & a half, im only mining UTC simply because it was on freshmarket & now its going on cryptotrade with a UTC/USD exchange & based on the price It was at on freshmarket? I think the price will be pretty much the same if not higher!

we are all risking in crypto's rolleyes.gif some more than others though biggrin.gif
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post #11683 of 22497
So it seems I need a dummy plug to start cgminer on my 290s. It runs fine after it starts and I unplug the monitor (Actually a TV) but then I need to plug it in every time if it stops to restart. Can't really do this since it's gonna be a remote rig. So went and installed BAMT and running fine now though no voltage control hurts temps a lot.
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post #11684 of 22497
Today im just mining whatever coin the flexpool of coinex picks... lol
it works im getting money.
 
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post #11685 of 22497
Anybody use BAMT and know how to change the user password? I changed the root but not sure how I change the user from the default password.
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post #11686 of 22497
Quote:
Originally Posted by korruptedkaos View Post

dude!

you see that is where we have different idea's of crypto's? you are in this for long haul really. betting on exchange rates fluctuating in your favour?

I however am not basing my earnings on any long term strategy. im using a short term strategy to get the highest gains I can so that I have zero fiat in crypto's.

that way if it all collapses tomorrow or next week I wouldn't of lost anything! the fact is my strategy has my earnings in hardware atm & will continue to until I have more & made that much profit that I have excess that I can afford to play with it in trading.

that way im not losing anything?
mining any new alt is a risk & I will only ever mine a new alt that's got minimal diff for a day or two?

I only mined pot for a day & a half, im only mining UTC simply because it was on freshmarket & now its going on cryptotrade with a UTC/USD exchange & based on the price It was at on freshmarket? I think the price will be pretty much the same if not higher!

we are all risking in crypto's rolleyes.gif some more than others though biggrin.gif

I also have zero fiat in cryptos... but you are correct... I am definitely in it for the long haul... I remember the days when miners with similar goals as yours were telling me I was stupid for sitting on my BTC when there were people "gullible enough to pay $10/BTC"... More recently I remember people saying that DOGE had peaked already and would never get above 20 satoshis ever again and would soon become worthless.

Again I'm not saying that you're not making money or getting a return - simply that I believe I will have a much greater return. At this point my BTC holdings alone will pay for any mining expenses I incur for at least 30 years if not more if I cashed them out... but I firmly believe that they will also be worth much more in the future than they are right now. I know it seems like you're getting the big gains... but that's only the case if the crypto itself is garbage. If it actually does garner significant market share and therefore significant worth relative to fiat... it will be much later than 2-3 weeks after its debut.

You're correct about varying risk however - which is why I'm also not worried about those short-term pops... even if the value of everything (including BTC) goes to zero I still made a killing. On the other hand if almost anything gets close to the current value of BTC in the future... I'll realize nearly all of those additional gains as well. thumb.gif Part of my advantage is in a) mining BTC back when a decent GPU meant at least 2-3 BTC per week, and b) sufficient fiat income that I can simply afford to not cash out anything and still consider it a nominal investment. I understand that everyone's situation is different - and for many the quick turnaround on a dump is required in order for more hardware and/or electricity expenses to be covered.
post #11687 of 22497
Quote:
Originally Posted by Vinnces View Post

Anybody use BAMT and know how to change the user password? I changed the root but not sure how I change the user from the default password.

I've not used it but as it's built on Linux (at least I assume so since it's free and lightweight) I would guess you would simply log in as root and then passwd to change the user account (not sure what the name is on it but HERE IS A LINK for a more detailed explanation - or as detailed as a single command can get). biggrin.gif
post #11688 of 22497
A possible replacement for the Semperon 145 in mining rigs provided a manufacturer will make a motherboard with lots of PCIe slots to go with it? http://www.thinkcomputers.org/amd-kabini-low-power-apu-lineup-detailed/ Personally though, I just bought two used AMD ATHLON II X2 235E 2.7 GHZ DUAL CORE AD235EHDK23GQ SKT AM2+/AM3 @ $30.88 per copy to use on my two rigs I'm building due to their same 45 watt power consumption as the Semperon, but with dual cores.
Edited by Roulette Run - 2/6/14 at 5:19am
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post #11689 of 22497
Thread Starter 
Quote:
Originally Posted by Vinnces View Post

Anybody use BAMT and know how to change the user password? I changed the root but not sure how I change the user from the default password.

passwd
Then input password, use the root console.
Default pwd is live and id is user.
Quote:
Originally Posted by Roulette Run View Post

A possible replacement for the Semperon 145 in mining rigs provided a manufacturer will make a motherboard with lots of PCIe slots to go with it? http://www.thinkcomputers.org/amd-kabini-low-power-apu-lineup-detailed/ Personally though, I just bought two used AMD ATHLON II X2 235E 2.7 GHZ DUAL CORE AD235EHDK23GQ SKT AM2+/AM3 @ $30.88 per copy to use on my two rigs I'm building due to their same 45 watt power consumption as the Semperon, but with dual cores.

I prefer Z87 G45 + Celeron for my rigs, mobo takes 5 gpus without mods and 6 with sense pin shorting in the last slot.
post #11690 of 22497
Quote:
Originally Posted by ivanlabrie View Post

passwd
Then input password, use the root console.
Default pwd is live and id is user.
I prefer Z87 G45 + Celeron for my rigs, mobo takes 5 gpus without mods and 6 with sense pin shorting in the last slot.

The Asus M5A99FXPro R2.0 will also support 5 GPU.
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