Quote from: recci on December 13, 2013, 11:39:32 AM
On the mining rig topic, Its not worth buying a dedicated mining rig. I have two intel haswell i5 computers. One is overclocked to 4.4ghz and it only manages max about 170 c/m. The slower one about 120 to 140 c/m. Iv had both them running virtually 24 hours a day for a week and not even made 3 pts yet.

Well thats 0.06+ bitcoins in 3 days, i would not complain.

On the mining rig topic, Its not worth buying a dedicated mining rig. I have two intel haswell i5 computers. One is overclocked to 4.4ghz and it only manages max about 170 c/m. The slower one about 120 to 140 c/m. Iv had both them running virtually 24 hours a day for a week and not even made 3 pts yet.

Quote from: recci on December 10, 2013, 10:59:12 AM

Quote from: luckybit on December 04, 2013, 03:12:02 PM
If its all going to be Proof of Stake how will we get shares in the new DACs if they aren't mined?

yeah can you answer this one?

Answer is drafted, will provide details soon.

Quote from: luckybit on December 04, 2013, 03:12:02 PM
If its all going to be Proof of Stake how will we get shares in the new DACs if they aren't mined?

yeah can you answer this one?

@bitshirehashaway

Would you consider selling just the box?
That is, the same specs as in your post but without monitor, mouse, and keyboard?

If so, what would be your price for just the box?

If its all going to be Proof of Stake how will we get shares in the new DACs if they aren't mined?

All future DACs will be Proof of Stake and thus no mining (unless Proof of Stake has some horrible flaw we have yet to identify).

Quote from: bytemaster on November 30, 2013, 08:14:32 AM
About 1 PTS per day.

I do not recommend buying dedicated mining hardware.   The block reward, difficulty, and appreciation of PTS will never allow you to recover your capital costs.    It will take you 30 days to break even on capital of $400 and end up with 20 PTS (assuming difficulty does not go up).    If you purchased 20 PTS today you will likely be further ahead in 3 months than investing in a dedicated mining rig.

Isn't each future DAC going to require the same hashing algorithms and thus have the potential to be mined by the very same machines that mined protoshares?  Or am I missing something? 

If that IS the case, you are more than able to profit off of it...imo. 

Of course, there is also the matter of the CryptoCurrency Economy and its ability to turn work (mining) into a vote in a complex information market.  Mining gives you a vote toward helping something of value move forward. 

Just looking at the Seti project-- (http://seti.berkeley.edu/) makes this pretty obvious.  Millions of people help or have helped "mine" for this project...and thus voted it into existence.  Direct Democracy...
So really we are not so far from past endeavors--though we certainly are pushing that envelope here and in a few other places on the net.  This is an extension of these trends to a logical conclusion (given the state of corruption and banking cartels worldwide).

Maybe we should try to redefine the word "profit" or speak about this in terms of Kinds of Profit?   

Quote from: rizq on November 30, 2013, 08:36:26 AM

Quote from: bytemaster on November 30, 2013, 08:14:32 AM
About 1 PTS per day.

I do not recommend buying dedicated mining hardware.   The block reward, difficulty, and appreciation of PTS will never allow you to recover your capital costs.    It will take you 30 days to break even on capital of $400 and end up with 20 PTS (assuming difficulty does not go up).    If you purchased 20 PTS today you will likely be further ahead in 3 months than investing in a dedicated mining rig.

Thanx alot.

So why do people bother mining?

Anyone who already owns equipment or is renting it can mine profitably.

Quote from: bytemaster on November 30, 2013, 08:14:32 AM
About 1 PTS per day.

I do not recommend buying dedicated mining hardware.   The block reward, difficulty, and appreciation of PTS will never allow you to recover your capital costs.    It will take you 30 days to break even on capital of $400 and end up with 20 PTS (assuming difficulty does not go up).    If you purchased 20 PTS today you will likely be further ahead in 3 months than investing in a dedicated mining rig.

Thanx alot.

So why do people bother mining?

About 1 PTS per day.

I do not recommend buying dedicated mining hardware.   The block reward, difficulty, and appreciation of PTS will never allow you to recover your capital costs.    It will take you 30 days to break even on capital of $400 and end up with 20 PTS (assuming difficulty does not go up).    If you purchased 20 PTS today you will likely be further ahead in 3 months than investing in a dedicated mining rig.

Quote from: bytemaster on November 26, 2013, 04:06:45 AM

Quote from: smiley35 on November 26, 2013, 03:44:42 AM

Quote from: bytemaster on November 25, 2013, 09:42:16 PM
We have mining rigs that cost $400 each... not good for much else. 

With GPU mining on the horizon you will want to wait until the best GPU algorithms are ready before investing capital there.

Huh, Who is selling dedicated pts miners for $400, where, how are the specs?

Core i7 with 2 GB of RAM that gets about 150 HPM.

You didn't tell us who, or where yet.

How many PTS can i roughly expect to get per day if i buy the $400 one.

Quote from: smiley35 on November 26, 2013, 03:44:42 AM

Quote from: bytemaster on November 25, 2013, 09:42:16 PM
We have mining rigs that cost $400 each... not good for much else. 

With GPU mining on the horizon you will want to wait until the best GPU algorithms are ready before investing capital there.

Huh, Who is selling dedicated pts miners for $400, where, how are the specs?

Core i7 with 2 GB of RAM that gets about 150 HPM. 

Quote from: bytemaster on November 25, 2013, 09:42:16 PM
We have mining rigs that cost $400 each... not good for much else. 

With GPU mining on the horizon you will want to wait until the best GPU algorithms are ready before investing capital there.

Huh, Who is selling dedicated pts miners for $400, where, how are the specs?

Quote from: bytemaster on November 25, 2013, 10:10:59 PM

Quote from: bitshirehashaway on November 25, 2013, 10:06:25 PM

Quote from: bytemaster on November 25, 2013, 09:42:16 PM
We have mining rigs that cost $400 each... not good for much else. 

With GPU mining on the horizon you will want to wait until the best GPU algorithms are ready before investing capital there.

True... except these rigs can be used for other things. Plus, wasn't the point of protoshares that you can't do GPU mining :(... I've been hoping for an only CPU coin forever now.

The GPU rigs are on par with high-end Dual Xeon rigs so we are very close.  Momentum 2.0 will close that gap further.

That's what I like to hear :)