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Offline Centaurus

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Is there any internet speed requirement?
« on: February 24, 2014, 06:52:52 AM »

Is there any internet speed requirement for mining purpose?

Is 1Mbps (128 kBytes/s) enough?
Is 10Mbps (1.25 kBytes/s) better or needless?

Thanks!
I am planning to build my first rig  :D
« Last Edit: February 24, 2014, 07:20:22 AM by Centaurus »

Offline bytemaster

Re: Is there any internet speed requirement?
« Reply #1 on: February 24, 2014, 06:57:18 AM »
I there any internet speed requirement for mining purpose?

Is 1Mbps (128 kBytes/s) enough?
Is 10Mbps (1.25 kBytes/s) better or needless?

Thanks!
I am planning to build my first rig  :D

No speed requirements, but mining PTS is not going to be profitable.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Centaurus

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Re: Is there any internet speed requirement?
« Reply #2 on: February 24, 2014, 08:50:42 AM »
I there any internet speed requirement for mining purpose?

Is 1Mbps (128 kBytes/s) enough?
Is 10Mbps (1.25 kBytes/s) better or needless?

Thanks!
I am planning to build my first rig  :D

No speed requirements, but mining PTS is not going to be profitable.
Thanks bytemaster;

Can you show me where I am wrong?
According to this post fast AMD OpenCL PTS miner released: "...The performance is 3100+ c/m on a R9 280X..."
According to this site PTS difficulty estimate: "...Daily earning @ 3100 cpm: 0.3411 PTS..."
This is 10.233 PTS/month
According to this site Protoshares (PTS): 1PTS = 15USD
This is 153.50 USD/month

The R9 280X price is 500 USD (here in my country)
Electricity cost is about 20 USD/month

153.50 - 20 = 133.50
133.50 x 4 = 534.00 USD
Seems that will break even in 4 months, but I am not considering increments in the difficulty factor (just because I dont know where to look for this information).

Offline bytemaster

Re: Is there any internet speed requirement?
« Reply #3 on: February 24, 2014, 09:52:07 AM »
Once BTS X snapshot happens PTS price will fall
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline cass

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Re: Is there any internet speed requirement?
« Reply #4 on: February 24, 2014, 10:18:28 AM »
before investing into a new mining rig - use BTC ot get AGS before feb 28th! I guess it's could be much proftitable and not wasting energy etc.

my 2 cents
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Offline Darkbane

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Re: Is there any internet speed requirement?
« Reply #5 on: February 24, 2014, 06:27:08 PM »
I there any internet speed requirement for mining purpose?

Is 1Mbps (128 kBytes/s) enough?
Is 10Mbps (1.25 kBytes/s) better or needless?

Thanks!
I am planning to build my first rig  :D

No speed requirements, but mining PTS is not going to be profitable.
Thanks bytemaster;

Can you show me where I am wrong?
According to this post fast AMD OpenCL PTS miner released: "...The performance is 3100+ c/m on a R9 280X..."
According to this site PTS difficulty estimate: "...Daily earning @ 3100 cpm: 0.3411 PTS..."
This is 10.233 PTS/month
According to this site Protoshares (PTS): 1PTS = 15USD
This is 153.50 USD/month

The R9 280X price is 500 USD (here in my country)
Electricity cost is about 20 USD/month

153.50 - 20 = 133.50
133.50 x 4 = 534.00 USD
Seems that will break even in 4 months, but I am not considering increments in the difficulty factor (just because I dont know where to look for this information).

That is assuming todays difficulty and pricing... 24 hours ago the difficulty was half what it is today... so profits were twice as much... in a few days difficulty might double again so cut your profits in half after that first week alone... and who knows where te future will go... it is a fun gamble though, just stick to the one card you use for gaming, and let it mine when not in use... investing more is almost a death trap, unless you can find the next crypto that will shoot up and get in before it does... remember BTC one day was $1000 each, today it seems to be $560 so the future is no guarantee when people predicted BTC would hit $10,000 this year easy... who knows...

« Last Edit: February 24, 2014, 06:29:03 PM by Darkbane »

Offline Centaurus

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Re: Is there any internet speed requirement?
« Reply #6 on: February 25, 2014, 01:51:52 AM »
:o I dont know that the difficulty grows too fast!

 

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