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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 874

post #8731 of 22497
It took me a while to get that, I confess....

Ha, now I get 740 Kh/s from an HD 5850+5870. Cost £140
How much would I have to spend on stupid r9 290x for that ?
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post #8732 of 22497
Quote:
Originally Posted by dogbiscuit View Post

It took me a while to get that, I confess....

Ha, now I get 740 Kh/s from an HD 5850+5870. Cost £140
How much would I have to spend on stupid r9 290x for that ?
Cheapest R9 290x on NewEgg is $599.99 USD + $5.67 shipping.
 
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post #8733 of 22497
Quote:
Originally Posted by dogbiscuit View Post

Is there a aggregating website for difficulty and block payout changes for all coins ?

Not that I'm aware of - in fact, many of the newest coins only have partial stats for that listed in their original forum post at bitcointalk... many of the newer fly-by-night deals don't even have basic information on their website (nutcoin has about half of what would be nice to know - but their post on bitcoin talk has the rest thankfully).

Most pools post what the current difficulty is of any coin you actively mine, but there's no comprehensive list of the stats for everything as far as I've found. We could probably start a spreadsheet on Google to track that for this club. biggrin.gif

Quote:
Originally Posted by ccRicers View Post

I keep losing money trading by the hour- perhaps it's because I expect to do a buy and sell 15 minutes apart lol. Doesn't work well with DOGE's prices. But I need to put it in perspective. I had enough BTC to buy 500k of it, which I did yesterday. But I can only mine 30k a day. I could be better off learning to trade more slowly with a goal of getting around 100k daily.

If you want to trade with that frequency... you have to move a ton of currency, and you need a trading bot to do it with any hope of catching the minute changes in volume and price. Even then I would expect your net profit per day to be less than 1% average over the course of a week. The biggest advice I would have if you're interested in trading is keep a spreadsheet with the trades and fees associated. Remember if your trade pair isn't making you at least 2X the fees... then you are definitely losing money on each trade.

I generally try to make a trade or two per day - but I definitely don't make two in 15 minutes - at least not unless my first trade is so poorly timed that I have a buy order right before the sell volume jumps to 20X the buy volume (that's happened more than once I might add mad.gif). In those cases I might jump back out with the knowledge that I just cost myself 4% of my active portfolio... which is worth it if you think the price might drop by 20%... but not if it's just a minor correction. No matter what, unless you are psychic or something, at least 30-40% of the time you will be WRONG - in the short term. So better to take a position for 24-72 hrs at least and let the bots and the whales worry about the little changes.

For example with BTC it's been fairly safe to buy a dip on the weekend and hold through Thursday or Friday of that week and set a sale for a price 10-15% higher than your purchase was. By the time you're done you should net around 7-8% on your successful weeks... but be prepared to sit on BTC for a week or more if everyone panics and the market tanks while you're holding... likewise if the price soars without any rational expectation (explanation rather) and you're holding fiat. thumb.gif
Quote:
Originally Posted by Campin View Post

Yea kinda regret walking away from Doge, however been accumulating more wdc the last little while and have faith that coin will turn me a nice profit in the long run.... But for today I've been back in middlecoin, but maybe I'll jump back into nut... I feel like I'm falling behind with only 1 million.. tongue.gif

You are definitely falling behind if it winds up amounting to anything in the future - I've seen some people remark that they're nearing 100M in holdings... on the other hand if it doesn't... you are actually ahead assuming that you've been mining DOGE/WDC/EAC/LTC/DGC in the meantime as they already have some value and have seen some moderate gains over the past week.. biggrin.gif

Edited some stupid grammatical errors. redface.gif
Edited by DiGiCiDAL - 1/15/14 at 11:44pm
post #8734 of 22497
Quote:
Originally Posted by Tohru Rokuno View Post

Cheapest R9 290x on NewEgg is $599.99 USD + $5.67 shipping.

You know, that Newegg sounds pretty good. There's a couple of big online budget retailers in the UK, CCL
, Dabs and Scan, no Newegg though. Overall ebay.uk seems the cheapest to me, for computer kit.

Looking at £400/$650 for a 290x on Scan, I think that's as low as it goes - unless someone knows different - and they no doubt do.

In fact there's a question for the Brits, what's the best retailer ?
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post #8735 of 22497

Remember how I was talking about GridSeed selling their ASICs a few days ago? Well the first one came in yesterday. Here's a post on it: http://www.cybtc.com/thread-4916-1-1.html

 

It's in Chinese so if you use Chrome, auto-translate it, or just use Google Translate on the page.

 

But basically it isn't up and running yet because the user needs a controller for it, which should be in, in a few days.

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post #8736 of 22497
Quote:
Originally Posted by cam51037 View Post

Remember how I was talking about GridSeed selling their ASICs a few days ago? Well the first one came in yesterday. Here's a post on it: http://www.cybtc.com/thread-4916-1-1.html

It's in Chinese so if you use Chrome, auto-translate it, or just use Google Translate on the page.

But basically it isn't up and running yet because the user needs a controller for it, which should be in, in a few days.

Is this going to kill gpu mining for scrypt?
post #8737 of 22497
Quote:
Originally Posted by duganator View Post


Is this going to kill gpu mining for scrypt?

I think over time, yes. Hopefully not in the near future though, hopefully.

 

But I'm sure new algorithms for new currencies will be made with being ASIC-proof in mind soon enough so I'm sure GPU miners will have somewhere to go again.

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post #8738 of 22497
Scrypt-jane, for example, should take care of that.
Simply raising a memory/cpu/both hardness factor can render FPGAs pointless.

For now...
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post #8739 of 22497
Quote:
Originally Posted by fragamemnon View Post

Scrypt-jane, for example, should take care of that.
Simply raising a memory/cpu/both hardness factor can render FPGAs pointless.

For now...

This.

 

The higher the memory usage a scrypt coin requires, the more resistant it is to ASICs.

 

The more memory needed = the more money needed to develop an ASIC. And it gets expensive super quickly.

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post #8740 of 22497
Quote:
Originally Posted by ccRicers View Post

I keep losing money trading by the hour- perhaps it's because I expect to do a buy and sell 15 minutes apart lol. Doesn't work well with DOGE's prices. But I need to put it in perspective. I had enough BTC to buy 500k of it, which I did yesterday. But I can only mine 30k a day. I could be better off learning to trade more slowly with a goal of getting around 100k daily.

In my opinion BTC is the best coin to day trade (excluding random pump and dumps). But overall it is by far the easiest to track, monitor and make money.
Quote:
Originally Posted by Tohru Rokuno View Post

Backordered one myself. I'll have to do it as a poor-man's build - one component per paycheck. They'll probably have scrypt ASICs out by the time it's done. rolleyes.gif

Ah so far the scrypt asics dont look that great.
Quote:
Originally Posted by cam51037 View Post

Remember how I was talking about GridSeed selling their ASICs a few days ago? Well the first one came in yesterday. Here's a post on it: http://www.cybtc.com/thread-4916-1-1.html

It's in Chinese so if you use Chrome, auto-translate it, or just use Google Translate on the page.

But basically it isn't up and running yet because the user needs a controller for it, which should be in, in a few days.

But aren't those miners $1200 for 900hash?
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