Crypto currency mining

[ainarssems]

WinMiner was working fine for me at the start yesterday, I was expecting £25-30 per day but as more people jumped over from NiceHash at first live dashboard stopped working. Then my balance was up to $7, 1 hour later down to $5, income rate went down, miners were loosing connection as well. In total it has earned about £14 in 22hrs, it's still profit considering that I did not use more than £5 in electricity for it but not great. I am sure it's to do with unexpected sudden increase of users that they could not scale up fast enough. I have switched my AMD cards to mine Electroneum directly now. Left nVidia cards on Winminer for now as have not decided what to mine with them but it's disconnected most of the time. According to whattomine.com Electroneum should bring me over $50 per day with less than $5 electricity costs with the hashrate I am getting from 9x RX4*0/5*0 + 1x Vega 56.

L3+ are getting rented out on miningrigrentals, I was afraid more hashing power sellers will move over there and rates will go down but it looks like more buyers moved over there than sellers so rates are up and instead of getting 20-30% more than on NiceHash I am now getting 40-50% more. When not rented out they will fall back to prohashing but is quite low payout there.

D3 only arrived yesterday eveneing and only tested it out today, I was going to use suprnova pool but for now pointed it to poolmining.org. Seems to be working OK, will let it run till tomorrow, then try modified firmware and possibly mine Monacocoin directly with it which should be about 50% more profitable than Dash.

[MikkiJayne]

Looks like Winminer is down completely now. I tried earlier and it said they weren't accepting new miners, and now I can't even log in.

I guess I'm just not cut out for cryptomining. I don't seem to be able to make any headway - just flushing money down the toilet

[ulfilias]

Originally Posted by MikkiJayne

Looks like Winminer is down completely now. I tried earlier and it said they weren't accepting new miners, and now I can't even log in.

I guess I'm just not cut out for cryptomining. I don't seem to be able to make any headway - just flushing money down the toilet

Winminer is interesting, but after having a fiddle with it yesterday and then a couple of other miners from it, it's only really a nice front end and pool behind it!

I managed to get my 4 x GTX 970 rig from 1100 on ETN to ~1600 using a couple of the Windows miners and that's not overclocking as so far i've yet to figure out what ETN really needs in terms of clock/memory and my Win10 rig is a bit strange overclock compared with reasonable ease on Ethos!

You can do better than the EASY miners, it can take a bit of time to set-up but once you've got the hang of configuring a miner, it's not that hard.....Most need just need pool and ID

Signing up to a pool is pretty easy. Try https://www.suprnova.cc/ for a multi-pool and then you have the same details for quite a few coins. It's reasonably sized you tend to get shares often, if not massive!

Most pools also suggest miners and have download links and configuration help, though I often do a net search and end up the bitcointalk.org page for the miner / coin as there are so many guides

You can use https://whattomine.com/ to figure out what is profitable, though go for a coin that you have a pool and wallet for. I've found the coinomi android app a great multicoin wallet and ideal for short term holding!

What's up with the Vega.....looks a cool card, if a little new. Must be plenty of people using them, so it's certainly possible ???

[MikkiJayne]

Originally Posted by ulfilias

What's up with the Vega.....looks a cool card, if a little new. Must be plenty of people using them, so it's certainly possible ???

They have been an utter nightmare to set up. They wouldn't work on my older motherboards, so I put them in my server but the drivers won't load in Windows Server. I bought a brand new Asrock mining board and they wouldn't work on that either until I discovered they need a UEFI bios, and I was booting in legacy mode. The LAN adapter on the board also won't work in my preferred Windows 10 Pro RTM build, so I had to install Creators Edition which is hateful. So rebuilt it with UEFI and then they run, for anywhere between a couple of minutes and a couple of hours. I've tried iGPU on, and then cast-xmr and claymore flatly refuse to recognise the cards, so I've tried iGPU off and then on numerous occasions the blockchain driver has crashed so hard it has destroyed the OS and I've had to reinstall from scratch. Nicehash would crash the driver on most benchmarks, and kill the OS completely benchmarking Cryptonight. Cast-XMR will happily go to 2000+ H/S with overclocking, but at random one card will drop to 0, then the miner crashes the blockchain driver and the OS won't restart after a forced power-off. I had one of them doing Eth at a pathetic 32 somethings so gave up with that before they managed to crash.

I've reset the bios, reinstalled the OS, reinstalled the blockchain driver, plugged in and unplugged the cards, switched slots, turned the iGPU on and off, and tried various different miners so many times I would have taken the whole steaming pile of kit out the back and set it on fire, had it not cost so much money I finally found a detailed guide to using the cards with stak-xmr which looked promising and then Nicehash blew up just as I got it set up so there was nowhere for it to mine to. It connected to minergate just once, and then refused to connect ever again.

I have no idea what I'm doing wrong - every time it seems to be working I leave it overnight and it's dead by the morning. I've been building computers since that involved soldering 40-pin cpu sockets on veroboard and I've never had this much trouble with anything. Meanwhile, the GTX960 is running just fine in the server and was just about covering its electricity costs until someone stole the proceeds.

I find all the pool and wallet stuff rather intimidating which, as an IT professional, is embarrassing and just adds to the frustration. Nicehash was easy because it would have paid out to a Coinbase account. With that gone I'm on the verge of throwing in the towel. I just can't ignore the fact that everyone else seems to be doing just fine at this

[tintin]

Following this chain with some interest, and then saw this on my FB feed:

https://news.bitcoin.com/bitcoin-cur...-intelligence/

Thoughts? Not much content in this piece, but sort of interesting, in a Skynet-sort-of-way...

[moltuae]

Originally Posted by tintin

Following this chain with some interest, and then saw this on my FB feed:

https://news.bitcoin.com/bitcoin-cur...-intelligence/

Thoughts? Not much content in this piece, but sort of interesting, in a Skynet-sort-of-way...

As a 'currency of things', absolutely they are. One of the greatest attributes of cryptocurrencies is that they do not discriminate. They can be used by anyone (including the billions of unbanked people) and anything. With an increasing number of 'things' going online, from simple domestic appliances to cars, cryptocurrencies help us to progress to the next level by opening up a whole new world of possibilities in the way that those 'things' can interact and pay each other, whether that's as simple as a self-driving vehicle paying its own tolls and parking fees, or a more complex automated exchange of goods or services executed through Smart Contracts.

So I think it stands to reason that AI would use cryptocurrencies too but I think true AI is still probably decades away yet. However, the human brain is just a biological computer, albeit a very powerful and complex one. It's only a matter of time before we begin to reach that computational complexity and our 'things' become conscious and self-aware (that is assuming mankind is not destroyed by war or natural disasters in the meantime). Certainly the 'old system' of banks and state-controlled money will not survive.

Even without AI, the old system no longer meets our modern day human requirements and simply cannot compete. As cryptocurrencies begin to replace it, I think we'll look back and realise how archaic it was to have banks and governments controlling the money, deciding who can and can't participate, monitoring and controlling everything you earn and spend and earning billions in fees for transferring money across borders that they created. When you consider also the systemic corruption and spiralling national debts, it's a very broken system that will inevitably collapse, even without the help of cryptocurrencies.

Some argue that since we measure cryptocurrency prices in fiat, what we're seeing isn't so much a steep rise in the price of cryptocurrencies but fiat prices falling to zero. I think there's probably some truth in that but it won't become apparent until all faith in the government-controlled currencies collapses (just as it has done already in places like Venezuela, where Bitcoin is replacing the increasingly worthless Bolivar).

[MikkiJayne]

Since you mention smart contracts, maybe I should be mining Cryptokitties instead
11% of Traffic on the Ethereum Blockchain Is Being Used to Breed Digital Cats

[moltuae]

Originally Posted by ainarssems

L3+ are getting rented out on miningrigrentals, I was afraid more hashing power sellers will move over there and rates will go down but it looks like more buyers moved over there than sellers so rates are up and instead of getting 20-30% more than on NiceHash I am now getting 40-50% more.

I noticed that too.

I had added my S9 and one L3+ to MRR and set my rental price quite high so that they would only get rented if they would earn more than they would on NH. As a result they haden't been rented in ages. Suddenly today they've both been rented out.