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post #12491 of 22807
Does anyone know for sure if mining maxcoins uses less power? I ask because my temperatures are drastically lower while mining maxcoin compared to scrypt. My 290s run in the 60s at 60% fan speed while mining max compared to 70s at 80% fan speed on scrypt. I guess I'll check for myself tonight with my kill-a-watt to confirm.
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post #12492 of 22807
Quote:
Originally Posted by Jeffinslaw View Post

Or you could mine at a profit switching pool that cashes out in Bitcoins. Google them because I've explained it frequently here thumb.gif

is there a link or something you could post for me bud that i could look through? im starting to get comfussed again lol thought it was going to be easier than it sounds haha
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post #12493 of 22807
Quote:
Originally Posted by gibby1690 View Post

is there a link or something you could post for me bud that i could look through? im starting to get comfussed again lol thought it was going to be easier than it sounds haha

The two most popular, automatic profit switching pools are Middlecoin and TradeMyBit.

Middlecoin has higher fees, but is more automatic. You mine directly with your Bitcoin address, and any currencies you earn are automatically converted to Bitcoin, which is paid out to you when you reach at least 0.01. That's roughly $6.50-$6.75 USD at the time this was written.

TradeMyBit provides tons more information and stats. However, it's a little more cumbersome to set up. Rather than mining with your Bitcoin address, you need to set up an account, create a worker, setup a Bitcoin payout address, and then turn on Auto-Exchange. They also pay out when you reach at least 0.01 Bitcoin.

Personally, I steer all my friends to Middlecoin when first starting out because it's so simple.

I know how daunting it can be to sift through the 1000+ pages to find information, but you really should do more research beyond the limited info I gave above. Anyways, hope it helps!
Edited by Redvineal - 2/12/14 at 11:33am
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post #12494 of 22807
Quote:
Originally Posted by Roulette Run View Post

This site has a rough profitability calculator based upon the wattage of your system v. card performance and will tell you which coin is the most profitable to mine at that very instant, but that changes minute to minute.

http://www.coinwarz.com/cryptocurrency

Disclaimer: look at the 24 hour average coin estimate first and see if it matches to the current estimate and the price. Some coins have days that make them flukes, and end up topping the charts by a large factor. For instance Leafcoin has 140k estimate for the entire day only if current trends extend throughout the day, but average is 80k. Don't take the current estimate as an indicator for what to mine for a week or more.

Same thing happened yesterday with Earthcoin. I believe it had a multiple payout day so yesterday, it was almost twice as profitable as Doge. Now it's about half as much.
post #12495 of 22807
Quote:
Originally Posted by Redvineal View Post

The two most popular, automatic profit switching pools are Middlecoin and TradeMyBit.

Middlecoin has higher fees, but is more automatic. You mine directly with your Bitcoin address, and any currencies you earn are automatically converted to Bitcoin, which is paid out to you when you reach at least 0.01. That's roughly $6.50-$6.75 USD at the time this was written.

TradeMyBit provides tons more information and stats. However, it's a little more cumbersome to set up. Rather than mining with your Bitcoin address, you need to set up an account, create a worker, setup a Bitcoin payout address, and then turn on Auto-Exchange. They also pay out when you reach at least 0.01 Bitcoin.

Personally, I steer all my friends to Middlecoin when first starting out because it's so simple.

I know how daunting it can be to sift through the 1000+ pages to find information, but you really should do more research beyond the limited info I gave above. Anyways, hope it helps!

ive been trying to find out as much as possible mate, but as always with PC as soon as i think im getting somewere, turns out im not haha.

i will check out middlecoin and see what i can get from that.

thanks
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post #12496 of 22807
Quote:
Originally Posted by gibby1690 View Post

Quote:
Originally Posted by Roulette Run View Post

This site has a rough profitability calculator based upon the wattage of your system v. card performance and will tell you which coin is the most profitable to mine at that very instant, but that changes minute to minute.

http://www.coinwarz.com/cryptocurrency

so once ive decided what coin to mine i need to download a programm for that coin everytime i change the type of coin im mining?

Every coin has it's own wallet that you will need if you want to hold your coins locally (in a wallet), which I suggest you do, unless you go the autopaying pool route.
Quote:
Originally Posted by gibby1690 View Post

Quote:
Originally Posted by Jeffinslaw View Post

Or you could mine at a profit switching pool that cashes out in Bitcoins. Google them because I've explained it frequently here thumb.gif

is there a link or something you could post for me bud that i could look through? im starting to get comfussed again lol thought it was going to be easier than it sounds haha

It is a bit daunting to start, lots of information to take in. Basically you need a mining client (program such as cgminer) that will be installed on your pc's that will be mining. These mining clients will connect to a pool, either for a single coin or for multiple and that will generate coins that will be stored on that pools website, until you withdraw them. Most pools have automated withdrawal systems, and it is generally a good idea to keep all of your coins locally stored on a wallet, away from a pool, in case the pool gets compromised and coins are stolen (happens all to frequently). You only want your coins outside your wallet when you are trading or selling them.

So I suggest you just read as much as you can stand about all of it, original post of this thread has a lot of good info, and there are some other threads in this forum that are good reads as well. For any other questions just post thumb.gif
post #12497 of 22807
Just an FYI: Dogecoin now has its own thin client like Multibit- MultiDoge. Now you don't need to download the whole blockchain to wait for your Doge. You still need to move your coins from the QT wallet to use them here.
post #12498 of 22807
Quote:
Originally Posted by Faster_is_better View Post

Every coin has it's own wallet that you will need if you want to hold your coins locally (in a wallet), which I suggest you do, unless you go the autopaying pool route.
It is a bit daunting to start, lots of information to take in. Basically you need a mining client (program such as cgminer) that will be installed on your pc's that will be mining. These mining clients will connect to a pool, either for a single coin or for multiple and that will generate coins that will be stored on that pools website, until you withdraw them. Most pools have automated withdrawal systems, and it is generally a good idea to keep all of your coins locally stored on a wallet, away from a pool, in case the pool gets compromised and coins are stolen (happens all to frequently). You only want your coins outside your wallet when you are trading or selling them.

So I suggest you just read as much as you can stand about all of it, original post of this thread has a lot of good info, and there are some other threads in this forum that are good reads as well. For any other questions just post thumb.gif


i have been reading alot about it and been watching the vids at start of this vid aswell, ive got a litecoin and bitcoin wallet set up and a bitcoin account but recently discovered theyll probs be the worst two for me to do lol. so we bit more research and will get back with my findings ( probably once i get my new card ) and see if im any closer to getting this right haha, im not looking to make thousands ( to start with biggrin.gif ) just want to dip my toes in and see if i can get my head around it

think thats me for the night but gets a bit teedious all this research haha

thanks a bunch cyas all soon
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post #12499 of 22807
Quote:
Originally Posted by gibby1690 View Post

i have been reading alot about it and been watching the vids at start of this vid aswell, ive got a litecoin and bitcoin wallet set up and a bitcoin account but recently discovered theyll probs be the worst two for me to do lol. so we bit more research and will get back with my findings ( probably once i get my new card ) and see if im any closer to getting this right haha, im not looking to make thousands ( to start with biggrin.gif ) just want to dip my toes in and see if i can get my head around it

think thats me for the night but gets a bit teedious all this research haha

thanks a bunch cyas all soon

Actually, since you have the Bitcoin wallet set up, you already have a Bitcoin address. That, and a few other mining settings in a simple mining application are all you need to get started with Middlecoin. Remember, Middlecoin will have you mine many altcoins (DOGE, EAC, WDC, and the list goes on), but at the end of the day it's all converted to BTC and paid to your Bitcoin address.
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post #12500 of 22807
Quote:
Originally Posted by Redvineal View Post

Quote:
Originally Posted by gibby1690 View Post

i have been reading alot about it and been watching the vids at start of this vid aswell, ive got a litecoin and bitcoin wallet set up and a bitcoin account but recently discovered theyll probs be the worst two for me to do lol. so we bit more research and will get back with my findings ( probably once i get my new card ) and see if im any closer to getting this right haha, im not looking to make thousands ( to start with biggrin.gif ) just want to dip my toes in and see if i can get my head around it

think thats me for the night but gets a bit teedious all this research haha

thanks a bunch cyas all soon

Actually, since you have the Bitcoin wallet set up, you already have a Bitcoin address. That, and a few other mining settings in a simple mining application are all you need to get started with Middlecoin. Remember, Middlecoin will have you mine many altcoins (DOGE, EAC, WDC, and the list goes on), but at the end of the day it's all converted to BTC and paid to your Bitcoin address.

quick question about middlecoin. I see " Statum from pool 0 detected new block" or "requested work restart" more than I see any accepted shares. Is this normal?
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