BitShares Forum
Other => Graveyard => BitShares PTS => Topic started by: pro-bitcoin 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 !
-
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
Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)
-
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
-
Just on the income :D
And thus on the price?!
-
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.
-
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.
-
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.
-
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? :)
-
The beeeeer pool is a decent pool ptsweb.beeeer.org (http://ptsweb.beeeeer.org). Start mining before it is too late!
-
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.
-
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.
-
it's not how much you get in comparison to others, it's how much is what you get worth?
-
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.
-
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.
-
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. :(
-
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.
-
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
-
Coyote pool is up almost 99% of the time and has no fees.
Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)
-
Coyote pool is up almost 99% of the time and has no fees.
Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)
Yeah but I'm not crazy about the 1 payout per day. No thanks.
-
Coyote pool is up almost 99% of the time and has no fees.
Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)
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!
-
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.
-
Coyote pool is up almost 99% of the time and has no fees.
Sent from my iPhone using Tapatalk (http://tapatalk.com/m?id=1)
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
-
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. :)
-
It depends on workers and the market. If price continues to lower, it will not survive imo.
-
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.
-
It increases whenever 4000 and some blocks are found.
-
Finally getting close to the 5 minute target time. 4.5 minutes per block average over the last 100 blocks.
-
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?
-
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.
-
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.
-
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.
-
Can I buy them with money? I have no bitcoins.
-
Can I buy them with money? I have no bitcoins.
You can buy bitcoins with money.
-
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.
-
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...
-
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.