Author Topic: Will PTS survive after the next difficluty change?  (Read 18075 times)

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Offline bytemaster

Re: Will PTS survive after the next difficluty change?
« Reply #36 on: November 24, 2013, 12:38:52 am »
Can I buy them with money? I have no bitcoins.

You can buy bitcoins with money.
And apparently that's a real pain in the ass with a bunch of middlemen all taking a cut. Maybe I'm just wasting my time with this.

Perhaps, you are not looking at the big picture.   If you don't think PTS will rise more than those fees then you are wasting your time.  Otherwise, the fees are meaningless.
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Offline cass

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Re: Will PTS survive after the next difficluty change?
« Reply #35 on: November 23, 2013, 11:22:15 pm »
Can I buy them with money? I have no bitcoins.

You can buy bitcoins with money.
And apparently that's a real pain in the ass with a bunch of middlemen all taking a cut. Maybe I'm just wasting my time with this.

don't know where you want to buy your coins? But there are several exchanges out there where you can smooth buy BTC ... bitstamp, mtgox, kraken, bitcoin.de etc...
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Offline davidm

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Re: Will PTS survive after the next difficluty change?
« Reply #34 on: November 23, 2013, 11:02:57 pm »
Can I buy them with money? I have no bitcoins.

You can buy bitcoins with money.
And apparently that's a real pain in the ass with a bunch of middlemen all taking a cut. Maybe I'm just wasting my time with this.

Offline bytemaster

Re: Will PTS survive after the next difficluty change?
« Reply #33 on: November 23, 2013, 09:36:40 pm »
Can I buy them with money? I have no bitcoins.

You can buy bitcoins with money. 
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 davidm

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Re: Will PTS survive after the next difficluty change?
« Reply #32 on: November 23, 2013, 09:36:04 pm »
Can I buy them with money? I have no bitcoins.

Offline bytemaster

Re: Will PTS survive after the next difficluty change?
« Reply #31 on: November 23, 2013, 07:27:23 pm »
If you believe in what we are doing and want to earn more than 2x your electric costs, then you should just buy the coin and let the professionals do the low-margin mining.
I am an IT professional, if that counts. I just don't have the proper equipment at the moment.

2x my electric costs is still a profit, and the computer is just sitting here when I'm not using it. I could mine with it and also buy coins. But you may be right that it's not worth investing in more equipment.

My point is simply that if you purchased 1000 machines for 400,000 dollars and each machine consumed 100W and electricity cost 0.10 per KWH then you would have a power bill of $7200 and you might generate $14,000 worth of PTS.   Assuming everything stayed constant it would take 5 years to break even, of course your computers probably wouldn't run for 5 years and would be a real PITA. If the price falls at all you lose money.  If the price goes up before you can mine them, the difficulty will follow and you will end up with less.

On the other hand if you invested the same 400K into PTS, then you make profit on the whole 400K if the price goes up at all and yet you lose no more if the price goes down. 

Sometimes thinking with larger numbers helps you see that you should buy rather than mine if you want to make money.
 
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Offline davidm

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Re: Will PTS survive after the next difficluty change?
« Reply #30 on: November 23, 2013, 06:52:00 pm »
If you believe in what we are doing and want to earn more than 2x your electric costs, then you should just buy the coin and let the professionals do the low-margin mining.
I am an IT professional, if that counts. I just don't have the proper equipment at the moment.

2x my electric costs is still a profit, and the computer is just sitting here when I'm not using it. I could mine with it and also buy coins. But you may be right that it's not worth investing in more equipment.

Offline bytemaster

Re: Will PTS survive after the next difficluty change?
« Reply #29 on: November 23, 2013, 06:21:10 pm »
I just joined here. Hello everybody.
I'm thinking that I got into this too late. I started with beeeeer on Friday night. I currently have 0.00846 PTS.  :(
That's on my old XP.
I'm thinking about getting a good second hand Linux box and dedicating it to this. Is it worth it at this point?

If you believe in what we are doing and want to earn more than 2x your electric costs, then you should just buy the coin and let the professionals do the low-margin mining.
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 davidm

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Re: Will PTS survive after the next difficluty change?
« Reply #28 on: November 23, 2013, 05:51:31 pm »
I just joined here. Hello everybody.
I'm thinking that I got into this too late. I started with beeeeer on Friday night. I currently have 0.00846 PTS.  :(
That's on my old XP.
I'm thinking about getting a good second hand Linux box and dedicating it to this. Is it worth it at this point?

Offline FreeTrade

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Re: Will PTS survive after the next difficluty change?
« Reply #27 on: November 23, 2013, 05:52:09 am »
Finally getting close to the 5 minute target time. 4.5 minutes per block average over the last 100 blocks.
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Offline liquiddrool

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Re: Will PTS survive after the next difficluty change?
« Reply #26 on: November 23, 2013, 12:52:59 am »
It increases whenever 4000 and some blocks are found.

Offline smokim11

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Re: Will PTS survive after the next difficluty change?
« Reply #25 on: November 22, 2013, 09:06:37 pm »
Well I just noticed at ypool difficulty just doubled its currently at 0.005626

Doesn't it increase at the end of the week (saturday-sunday)?

Interested to see how PTS prices are going to react to this.
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Offline Leyhart

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Re: Will PTS survive after the next difficluty change?
« Reply #24 on: November 21, 2013, 08:46:09 pm »
It depends on workers and the market. If price continues to lower, it will not survive imo.
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Offline lordfirefox

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Re: Will PTS survive after the next difficluty change?
« Reply #23 on: November 20, 2013, 02:56:55 am »
If there were more active trading sites and the value of PTS fluctuated greatly like BTC, then this might be an issue (especially in the future)...
If the pool crashes and looses all the data that's up to 24 hours processing time gone.....



But with the constant rate and good payout levels, coyote is a great pool.

Hmm, Well I'll have a look at it but I don't like leaving dust in other pools unless beeeeer wants to give me an early payout. :)
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Offline Bitstrader

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Re: Will PTS survive after the next difficluty change?
« Reply #22 on: November 20, 2013, 01:54:00 am »
Coyote pool is up almost 99% of the time and has no fees. 


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Yeah but I'm not crazy about the 1 payout per day. No thanks.

Not to be rude, but how is this a problem? Genuine question!

That might change soon, we could see more often payouts, see here: http://bitsharestalk.org/index.php?topic=636.450

Offline kenpodragon

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Re: Will PTS survive after the next difficluty change?
« Reply #21 on: November 19, 2013, 10:56:57 pm »
If there were more active trading sites and the value of PTS fluctuated greatly like BTC, then this might be an issue (especially in the future)...
If the pool crashes and looses all the data that's up to 24 hours processing time gone.....



But with the constant rate and good payout levels, coyote is a great pool.

Offline ThisNinja

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Re: Will PTS survive after the next difficluty change?
« Reply #20 on: November 19, 2013, 09:56:10 pm »
Coyote pool is up almost 99% of the time and has no fees. 


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Yeah but I'm not crazy about the 1 payout per day. No thanks.

Not to be rude, but how is this a problem? Genuine question!
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Offline lordfirefox

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Re: Will PTS survive after the next difficluty change?
« Reply #19 on: November 19, 2013, 09:47:30 pm »
Coyote pool is up almost 99% of the time and has no fees. 


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Yeah but I'm not crazy about the 1 payout per day. No thanks.
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Offline bytemaster

Re: Will PTS survive after the next difficluty change?
« Reply #18 on: November 19, 2013, 09:23:47 pm »
Coyote pool is up almost 99% of the time and has no fees. 


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Offline lordfirefox

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Re: Will PTS survive after the next difficluty change?
« Reply #17 on: November 19, 2013, 09:21:35 pm »
Well I'm only getting 0.10 from my Phenom II x 6 1090T Black Edtion after 24 hours looks like this was a waste of processor load. :(

You got a bad pool.

Bad pool? what others are there? all the other pools I've looked at are either down or want too much in fees. The only pool that I found that was up and working was beeeeer.org
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Offline GotExams

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Re: Will PTS survive after the next difficluty change?
« Reply #16 on: November 19, 2013, 09:16:04 pm »
Well I'm only getting 0.10 from my Phenom II x 6 1090T Black Edtion after 24 hours looks like this was a waste of processor load. :(

You got a bad pool.

Offline lordfirefox

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Re: Will PTS survive after the next difficluty change?
« Reply #15 on: November 19, 2013, 08:25:27 pm »
Well I'm only getting 0.10 from my Phenom II x 6 1090T Black Edtion after 24 hours looks like this was a waste of processor load. :(
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Offline MisO69

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Re: Will PTS survive after the next difficluty change?
« Reply #14 on: November 18, 2013, 01:54:27 pm »
I think they are going to keep rising in value. Especially once bitshares are released. Everyone is going to want to be holding Protoshares at that moment.

Offline andhar

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Re: Will PTS survive after the next difficluty change?
« Reply #13 on: November 18, 2013, 11:53:40 am »
it's not how much you get in comparison to others, it's how much is what you get worth?

I fully agree.

With the rigs min mining with now i don't even get 1 PTS in 24 hour's.
Even if i would get just 0.01 protoshare every 24 hour's i think it will still be worth mining.

Offline barwizi

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Re: Will PTS survive after the next difficluty change?
« Reply #12 on: November 15, 2013, 01:56:30 pm »
it's not how much you get in comparison to others, it's how much is what you get worth?
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Offline udeluxe

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Re: Will PTS survive after the next difficluty change?
« Reply #11 on: November 15, 2013, 06:51:57 am »
24hr mining on a i5-2400 generates ~0.2 PTC. I clearly missed the train, and i guess mining is not worth the effort right now. ptspool workers went from 3700 yesterday to 2500 this morning.

same.

Offline Bitstrader

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Re: Will PTS survive after the next difficluty change?
« Reply #10 on: November 15, 2013, 04:57:39 am »
http://www.btc38.com/trade.html?btc38_trade_coin_name=pts

Looks like it is going to climb faster than I thought, good luck reading all that info though, I think I will still be hashing at the next rise.

Offline TwoKoolFourSkewl

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Re: Will PTS survive after the next difficluty change?
« Reply #9 on: November 14, 2013, 09:52:56 pm »
The beeeeer pool is a decent pool ptsweb.beeeer.org.  Start mining before it is too late!
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Offline ThisNinja

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Re: Will PTS survive after the next difficluty change?
« Reply #8 on: November 14, 2013, 08:41:27 pm »
24hr mining on a i5-2400 generates ~0.2 PTC. I clearly missed the train, and i guess mining is not worth the effort right now. ptspool workers went from 3700 yesterday to 2500 this morning.

you should have few coins, use working pool and best miner :)

train is not gone yet.

Any suggestions? :)
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Offline svd

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Re: Will PTS survive after the next difficluty change?
« Reply #7 on: November 14, 2013, 12:44:00 pm »
24hr mining on a i5-2400 generates ~0.2 PTC. I clearly missed the train, and i guess mining is not worth the effort right now. ptspool workers went from 3700 yesterday to 2500 this morning.

you should have few coins, use working pool and best miner :)

train is not gone yet.

Offline ThisNinja

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Re: Will PTS survive after the next difficluty change?
« Reply #6 on: November 14, 2013, 07:56:55 am »
24hr mining on a i5-2400 generates ~0.2 PTC. I clearly missed the train, and i guess mining is not worth the effort right now. ptspool workers went from 3700 yesterday to 2500 this morning.
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Offline bytemaster

Re: Will PTS survive after the next difficluty change?
« Reply #5 on: November 13, 2013, 02:43:09 pm »
Just on the income :D

And thus on the price?!

To the extent that increased difficulty slows down block production and thus drys up supply, it will adjust the price.   Normally mining difficulty follows price as miners join when there is a profit to be made.
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Offline xeroc

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Re: Will PTS survive after the next difficluty change?
« Reply #4 on: November 13, 2013, 12:10:08 pm »
Just on the income :D

And thus on the price?!

Offline 5chdn

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Re: Will PTS survive after the next difficluty change?
« Reply #3 on: November 13, 2013, 11:59:36 am »
Next diff will be 8-9x higher and hit in about 13 hours. (Somewhere during midnight UTC.)

I dont think this will have an impact on mining yet. Just on the income :D

Offline mitao

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Re: Will PTS survive after the next difficluty change?
« Reply #2 on: November 13, 2013, 08:31:24 am »
Bitcoin has proved the price has no relationship to the difficulty. The only way is to find out by the market, especially when marketcap is small


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Offline pro-bitcoin

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Will PTS survive after the next difficluty change?
« Reply #1 on: November 13, 2013, 07:53:26 am »
Hi all,

Will PTS survive after the next difficulty change? Some say the difficulty will go sky high the next few days. From that day, PTS has to be more worth of value , otherwise it is not profitable to mine.


I'm just curious what your opinion is !