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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1551

post #15501 of 22341
Hey guys, I'm a cryptocurrency noob and just decided to see how my 780 HOFs mine doge with cudaminer. I believe I've got everything set up correctly now, and I'm successfully mining at around 550 khash per card. For some reason though, my mining statistics aren't updating on the pool I'm using (dogepool.pw.) I've got the worker name and password correctly entered in the batch file, but the pool still says I'm at zero share and hash rate. I tried several other pools, but I get a stratum authentication failed error with all the other pools I've tried. I've quadruple checked my worker name and password, updated drivers, restarted my computer and modem, and nothing has helped so far. Anyone have an idea of what I'm doing wrong? I'd really appreciate the help, since I'm currently mining without any benefits lol.
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post #15502 of 22341
yeah just calculated
the zeitcoin i seemed to like needs 100 million of them to equal one BTC.
bye bye
 
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post #15503 of 22341
Quote:
Originally Posted by incog View Post

There's already plenty of monies in the system, imo. I think what's going to happen is that all the crappy alt-coins are going to die out, leaving room for only the most stable coins: Bitcoin, Litecoin, Dogecoin and the stronger alt-coins (which I think blackcoin is a part of). Everything will "decline" a bit. This little rollercoaster ride was due to the dudes who bought lots of AMD cards to make quick money.

It will stagnate, then stabliize, then probably rise slowly again.

I THINK. I'm totally speculating here, maybe someone else can bounce off this idea?

I think you're generally on the right track, however, I don't think I want to get into the game of picking the winners and losers, market forces will do that and it could well be some that you think are strong now will end up being nothing in the end and some that might appear weak now could end up becoming dominant players. I think it's about to get pretty ugly here for a while and I wish I had a prediction of how long a little while is going to be, it could come and go like the volatile firestorm ride cryptos have been on up to this point and be done in a couple of months, but I have my doubts, my bets would put it more into the 6 month to 2 year time frame before the dust all settles. I think a lot of coins, exchanges, investors and miners are going to leave the market in pretty short order. I personally plan on trying to weather this storm, because I believe cryptos have a place in the world's future and maybe a very prominent place in the end. One thing I forgot to mention, there is a lot of very big money sitting on the outside that doesn't want to see cryptos succeed at all, because they have vested interests of their own for not wanting them to succeed.

I suppose some of this could be blamed on too many miners getting into the game and thereby encouraging the production of all the new altcoins, but it really all comes down to money. People believed they saw a way to make a dollar and they jumped on it. The problem we have at the moment is too many piranhas trying to eat too few dollars. The market has outgrown the investment in terms of the number of coins. The more you divide a dollar by ever increasing number of coins means that each coin gets an ever decreasing piece of the dollar. That's the cause of the crash we're about to see.
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post #15504 of 22341
Someone want some mining rigs? tongue.gif



On the other side, hate all the up's and down's in the marked now. Multi pools down to 0, Doge down as well so not mining that, got a couple of rigs sitting on Clevermining (multi) just because i don't have anything else to mine ATM. Any suggestions for coins? 80% of the hashrate is going to coins that is beeing "dumped" for BTC and the remaining 20% is for coins that might make a jump in the near future.
post #15505 of 22341
Quote:
Originally Posted by Outlawed View Post

Anybody have knowledge on the vertminer? I want to start mining GPUC but I can not get it to work.

Im in ubuntu 13.10 with the 14.2 cata drivers. Cgminer 3.7.1 and 3.7.3 (keccak build) run fine.

I setup the vertminer the same way i setup 3.7.3 and the configure comes back looking good. I can't get it to mine though...

Here's how I'm starting it up...
Code:
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
./vertminer -o stratum+tcp://east1.us.stratum.dedicatedpool.com:3367 -u username.1 -p x -d 1

That gives me a supposed 680Mh/s and no accepted shares (although it doesn't say reject either). I couldn't find a specific flag for the scrypt n algo so I tried to add in the standard scrypt flag (--scrypt). When I do that it does the complete opposite, bumping down my supposed hash to 11Kh/s and dropping the load on the GPU quite a bit as well. I also start getting straight rejects as well.

No matter what I do my miners in the pool website never show as being connected either.

Any suggestions?

My vertminer config is exactly like my sgminer config but with lower thread-concurrency and gpuengine. You need to specify all of these things in the config or bat file because N-factor requires much lower TC and clocks. It also requires much more system RAM. It shouldn't say 680Mh/s but Kh/s. Your hashrate should be at the most about half of what it is on scrypt when it is running good. This is a hard coin to mine if you're just getting into mining.


Relatively good payout from clevermining yesterday considering the state of crypto.
post #15506 of 22341
Right now I am thinking of pointing my rigs at LTC for the time being, but the extra 15% or so from clevermining keeps me there because I want the short term gains to pay for a few things. Personally I do not think we will have another good bump unless Zerocoin actually hits the market in May due to its anonymous nature which the black market will want. Good or bad, the market needs a cash infusion and that could be the next one. I think we are pretty much stable at this point. As clevermining becomes more and more parallel with LTC in profit, I will switch to that. I give GPU mining another 4 months before asics drive the profitability out of scrypt like they did with Sha. There are already units on the market at 300-400KHs that only use 6 watts, but they are still priced higher than a R9 270 in KHs/watt. Once that changes, it will be over for GPU mining. Just my $.02.
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post #15507 of 22341
Quote:
Originally Posted by utnorris View Post

Right now I am thinking of pointing my rigs at LTC for the time being, but the extra 15% or so from clevermining keeps me there because I want the short term gains to pay for a few things. Personally I do not think we will have another good bump unless Zerocoin actually hits the market in May due to its anonymous nature which the black market will want. Good or bad, the market needs a cash infusion and that could be the next one. I think we are pretty much stable at this point. As clevermining becomes more and more parallel with LTC in profit, I will switch to that. I give GPU mining another 4 months before asics drive the profitability out of scrypt like they did with Sha. There are already units on the market at 300-400KHs that only use 6 watts, but they are still priced higher than a R9 270 in KHs/watt. Once that changes, it will be over for GPU mining. Just my $.02.

Can you link some proof to here? Thanks! thumb.gif

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post #15508 of 22341
Quote:
Originally Posted by Jeffinslaw View Post

Can you link some proof to here? Thanks! thumb.gif

Jeffinslaw

This...

All the scrypt ASIC's i have seen are either preorder once they hit X number of preorders or something like that. And the few that has hit the market and has been sent out went dead in under 24 hours.

Also i will bet that someone creates a new coin based on another algorithm a while after the scrypt ASICS have been on the market.
post #15509 of 22341
Well, I know what I'm mining on for the next 3 weeks.

Charts just came in for the profitability of VTC vs Multipools.

It's incredible. lachen.gif

2kcyc33.jpg
post #15510 of 22341
do you mean vtc, vertcoin? afaik half of your regular khash on scrypt
pls correct me on this, is it better than other coins??
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