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post #7381 of 22535
Quote:
So once scrypt asics come out then what? Where do those of us who dont have them go?

If what happened to bitcoin also happens to litecoin then you go on holiday for a bit.
Wouldn't it be worth saving the scrypt coins to see how it goes ?
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post #7382 of 22535
Quote:
Originally Posted by dogbiscuit View Post

If what happened to bitcoin also happens to litecoin then you go on holiday for a bit.
Wouldn't it be worth saving the scrypt coins to see how it goes ?

The problem with this is if it does not then people will have a whole lot of script coins that are worth next to nothing. I guarantee there are going to be a lot of pissed off people complaining about whatever happens because it is basically a betting game on what will happen.

I try to think about it from the buyers perspective, do you think you would be willing to buy LTC at 100$/coin if ASICS are released for script coins? Personally I think that the value will go down, but that goes against what BTC did, I think BTC was a rare occurrence though.
Edited by blkdoutgsxr - 1/1/14 at 7:16pm
post #7383 of 22535
Quote:
Originally Posted by blkdoutgsxr View Post

The problem with this is if it does not then people will have a whole lot of script coins that are worth next to nothing. I guarantee there are going to be a lot of pissed off people complaining about whatever happens because it is basically a betting game on what will happen.

I try to think about it from the buyers perspective, do you think you would be willing to buy LTC at 100$/coin if ASICS are released for script coins? Personally I think that the value will go down, but that goes against what BTC did, I think BTC was a rare occurrence though.

Why do you think LTC would go down in that case though? Why would it not follow BTC's path?
    
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post #7384 of 22535
Oh dang look at XPM and FTC!
    
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post #7385 of 22535
I'm getting really worried about these ASICs for scrypt... I finally have the money and the financial backing of my grandfather to build a large mining farm. He has done a lot of research and is confident that he is making the right choice to invest.

I'm just going to start out with two racks of 6 GPUs each. They will be run at college until I can afford my "mother of all" mining farm. A system that has 4 external PCIe expansion chassises that will give me a total of 32 R9 280X's for a total of 22.4Mhash/s. Should net me a pretty nice chunk of change until the ASICs ruin things.

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post #7386 of 22535
Quote:
Originally Posted by blkdoutgsxr View Post

The problem with this is if it does not then people will have a whole lot of script coins that are worth next to nothing. I guarantee there are going to be a lot of pissed off people complaining about whatever happens because it is basically a betting game on what will happen.

I try to think about it from the buyers perspective, do you think you would be willing to buy LTC at 100$/coin if ASICS are released for script coins? Personally I think that the value will go down, but that goes against what BTC did, I think BTC was a rare occurrence though.

Well, if I didn't like the price of LTC, and went to get some DOGE instead, I think I would find the price of DOGE had gone up too.

But I find I have a basic knowledge gap there - rate of minting vs equipment cost vs equipment efficiency - I wasn't paying much attention when ASIC started to be used for BTC because I knew I wasn't going to get one, or rather Butterfly Labs doubled the price overnight while I was pondering a purchase - so I don't know what effect it had on price. A bitcoin historian is needed at this point.

I think the halving of block reward had a large effect, as I remember.
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post #7387 of 22535
Do we have an eta on these asics?
post #7388 of 22535
So I managed to turn a 2005 Compaq into a ballin' sleeper mining machine. An HD 7970 paired with Athlon 64 3200+!



It's running off two power supplies, though. And I hate that. I bought a new EVGA power supply for this, but somehow the system wouldn't turn on with the 500B's 20+4 pin connector on the motherboard. It would only power on when the original PSU's 24 pin connector is plugged in there. So I put a jumper wire on the 500B, plugged in the video card and 4-pin CPU power connector to it, and turned on the computer that way. Hope I can figure this out, because I imagine this sucks up a more juice than necessary.

However, it is mining right now as we speak. But the case has poor ventilation, the card is at 85 degrees C on full fan speed, over 15 degrees more than in open air. I'll have to cut some holes and install cheap fan grills at the bottom.
Edited by ccRicers - 1/1/14 at 7:54pm
post #7389 of 22535
Quote:
Originally Posted by Willanhanyard View Post

Why do you think LTC would go down in that case though? Why would it not follow BTC's path?

Because the price is not a function of difficulty solely, there has to be a demand for the coin. People who are mining too often look at prices from their own perspective, a transaction requires someone to want to give you x$ for your coin, and the problem has recently been that people are basing what they think a coin is worth on what they think is going to happen in the future to the price of the coin when they have no reason to think it will go up or down; This is why the market is so volatile . Sooo... What would cause an increase in demand? Well either people will have to think that some script coin in particular will become more widely accepted, there would need to be added features, there would have to be something that would cause you or someone else to say, 'yes I am willing to pay more USD(or w/e currency you normally use) for this coin. It is wishful thinking to think that just because the difficulty rises that it somehow raises the price (though it would be nice). It is possible that people will buy buy buy coins when ASICS do release, but this will just cause a bubble that will eventually leave people who did not bail out stuck with coins. We are basically printing money here, we have to stop and look realistically what the 'value' is of this, and IMO the value is currently price of Elec + some small percentage. There is nothing spectacular right now about these coins, other then the ability to make or break your wallet.
post #7390 of 22535
Thread Starter 
Quote:
Originally Posted by Tohru Rokuno View Post

I'm still not happy with the performance I'm getting out of this 6950.

In the Litecoin mining hardware comparison, people report 390Kh/sec to 522Kh/sec, but it seems like they're able to up their settings more than I am able to figure out.

- I'm running the max clock settings I can get out of AMD OverDrive - 840 MHz GPU, 1325 MHz Memory.
- Seller for this card stated that shaders were unlocked to 6970.
- The fan is on AUTO at 40% and holding temps at 89C.
- The config I'm running while mining is : --thread-concurrency 7040 -I 15 -g 1 -w 256
- I'm only getting about 372Kh/sec.

It should be good for more, but I don't know how to wring the extra out of it.

Quote:
Originally Posted by Tohru Rokuno View Post

AMD Catalyst 13.12. I tried running the shader unlock instructions at Tom's Hardware, since it says 6970 shaders should be 1536 and GPU-Z says my 6950 only has 1408 right now. Let me reboot and see if it worked.

You're doing it wrong that's why...i 15? why so low thread concurrency???

Can you change gpu voltage using afterburner? If you can't increase it then you'll be limited oc wise.

Try these cgminer settings please, before jumping to conclusions: --thread-concurrency 8192 -I 18 -g 1 -w 256 -v 1 --gpu-memclock 1250 --gpu-engine 850

Also uninstall those drivers and install catalyst 12.8 and sdk 2.8...your card isn't a newer gen card, those drivers slow it down.
Quote:
Originally Posted by ccRicers View Post

So I managed to turn a 2005 Compaq into a ballin' sleeper mining machine. An HD 7970 paired with Athlon 64 3200+!



It's running off two power supplies, though. And I hate that. I bought a new EVGA power supply for this, but somehow the system wouldn't turn on with the 500B's 20+4 pin connector on the motherboard. It would only power on when the original PSU's 24 pin connector is plugged in there. So I put a jumper wire on the 500B, plugged in the video card and 4-pin CPU power connector to it, and turned on the computer that way. Hope I can figure this out, because I imagine this sucks up a more juice than necessary.

However, it is mining right now as we speak. But the case has poor ventilation, the card is at 85 degrees C on full fan speed, over 15 degrees more than in open air. I'll have to cut some holes and install cheap fan grills at the bottom.

Undervolt that sucka...my cards never go above 80c unless ambient's above 28c. (nice rig tongue.gif athlon ftw)
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