Quote from: luigi1111 on January 23, 2014, 07:32:09 PM
Interesting, I'll take your word for it. I was only going off relative hashrates of a 280x, which makes around 1,000 c/m from what I've seen (maybe it's more now?).

Anyway, looks like for you it's competitive with scrypt. The recent ~10% diff reduction should have helped too, although price is a bit lower now as well.

thanks for asking this efficience-question, so i have seen, that only my 6990 are very effective in PTS-mining and the other cards are more effective in scrypt-mining :)

Interesting, I'll take your word for it. I was only going off relative hashrates of a 280x, which makes around 1,000 c/m from what I've seen (maybe it's more now?).

Anyway, looks like for you it's competitive with scrypt. The recent ~10% diff reduction should have helped too, although price is a bit lower now as well.

Quote from: luigi1111 on January 22, 2014, 05:59:01 PM

Quote from: Schwede65 on January 22, 2014, 12:42:23 PM

Quote from: luigi1111 on January 16, 2014, 04:49:04 PM
You could almost certainly make more than LTC at one of the multipools, which requires very little management. Now, if the difficulty drops the currently predicted amount, and price stays the same or climbs, the ~19-20% increase in revenue will probably make it competitive with scrypt. Of course, as you point out, improvements in the GPU miner will have an affect as well.

My original point still stands: GPUs haven't impacted PTS much, because it's not competitive with scrypt...yet.

in the last 5 days i made ~45 PTS with comparable 10 Mhs-scrypt-mining rigs, which stand for ~15 LTC in that time
so i mined ~ 21 LTC (exchanged) with this pts.1gh.com-pool, but with only 75 % of the energy costs, which i have had with scrypt-mining: 180/135 $ - so i saved 45 $ extra energy this time
my conclusion is: i have mined more LTC with PTC and this with lower costs - so PTC-GPU-mining is really competitive with scrypt - you have to read the numbers!

I have no idea how you made that much PTS with a 10 MHS rig. That's only like 13,000 coll/min or so unless a more efficient miner has been released or my numbers are just off. You should get closer to 25 PTS in 5 days by the numbers I have.

Also, what are you paying for electricity??

there are many mixed gpu-rigs - mostly there are 4 x HD6990 and many HD7850 (2 GB) and 2 x HD7950
i have around ~ 22,000 cpm with my cards
the power-consumption at the wall is e.g. for:
2 x HD6990-rig: PTS: 650 watt for 4760 cpm / Scrypt: 905 watt for 1840 khash
3 x HD7850-rig: PTS: 350 watt for 1680 cpm / Scrypt: 500 watt for 1000 khash

the HD6990 are really very good cards for PTS-GPU-mining :)

Edit: here in germany i have to pay 0.25 EUR/kWh - thats 0.339 in $ - very expensive energy here...

Quote from: Schwede65 on January 22, 2014, 12:42:23 PM

Quote from: luigi1111 on January 16, 2014, 04:49:04 PM
You could almost certainly make more than LTC at one of the multipools, which requires very little management. Now, if the difficulty drops the currently predicted amount, and price stays the same or climbs, the ~19-20% increase in revenue will probably make it competitive with scrypt. Of course, as you point out, improvements in the GPU miner will have an affect as well.

My original point still stands: GPUs haven't impacted PTS much, because it's not competitive with scrypt...yet.

in the last 5 days i made ~45 PTS with comparable 10 Mhs-scrypt-mining rigs, which stand for ~15 LTC in that time
so i mined ~ 21 LTC (exchanged) with this pts.1gh.com-pool, but with only 75 % of the energy costs, which i have had with scrypt-mining: 180/135 $ - so i saved 45 $ extra energy this time
my conclusion is: i have mined more LTC with PTC and this with lower costs - so PTC-GPU-mining is really competitive with scrypt - you have to read the numbers!

I have no idea how you made that much PTS with a 10 MHS rig. That's only like 13,000 coll/min or so unless a more efficient miner has been released or my numbers are just off. You should get closer to 25 PTS in 5 days by the numbers I have.

Also, what are you paying for electricity??

Quote from: luigi1111 on January 16, 2014, 04:49:04 PM
You could almost certainly make more than LTC at one of the multipools, which requires very little management. Now, if the difficulty drops the currently predicted amount, and price stays the same or climbs, the ~19-20% increase in revenue will probably make it competitive with scrypt. Of course, as you point out, improvements in the GPU miner will have an affect as well.

My original point still stands: GPUs haven't impacted PTS much, because it's not competitive with scrypt...yet.

in the last 5 days i made ~45 PTS with comparable 10 Mhs-scrypt-mining rigs, which stand for ~15 LTC in that time
so i mined ~ 21 LTC (exchanged) with this pts.1gh.com-pool, but with only 75 % of the energy costs, which i have had with scrypt-mining: 180/135 $ - so i saved 45 $ extra energy this time
my conclusion is: i have mined more LTC with PTC and this with lower costs - so PTC-GPU-mining is really competitive with scrypt - you have to read the numbers!

Since I didnt want to start a new topic on this, can someone educate me as to why PTS is falling on a daily basis. I normally mine PTS and then exchange to Bitcoin, but the last few trades have been loss making for me.

Also I cant seem to wrap my brain around the whole Bitshares/Keyhote thingy. Can someone explain that as well. Thanks.

Quote from: donschoe on January 18, 2014, 11:11:55 AM

Quote from: Gekko on January 16, 2014, 12:37:45 PM

Quote from: bytemaster on January 16, 2014, 05:41:53 AM
I was aiming originally for CPU only and it seems I was more successful than others that have gone before me, but not perfectly.

Could you explain that a little more? What is the problem creating a coin that can only be mined by CPU?
Your answer sounds like it's impossible to create a CPU-only coin, because you have tried to and put a high bounty on what you thought was the solution. Why didn't you know what others (GPU miner creators) now know when you were programming it?
Knowing how the GPU miners work, could you create a CPU only coin now?

Well there is a successfull CPU only coin out there: Primecoin, stable for more than half a year now and impossible to create GPU miners with decent results due to the design of prime numbers being integers :) It's so simple tbh.

The Creator has created all prime numbers integer indeed, but what does it have to do with GPU mining? :)

Quote from: Gekko on January 16, 2014, 12:37:45 PM

Quote from: bytemaster on January 16, 2014, 05:41:53 AM
I was aiming originally for CPU only and it seems I was more successful than others that have gone before me, but not perfectly.

Could you explain that a little more? What is the problem creating a coin that can only be mined by CPU?
Your answer sounds like it's impossible to create a CPU-only coin, because you have tried to and put a high bounty on what you thought was the solution. Why didn't you know what others (GPU miner creators) now know when you were programming it?
Knowing how the GPU miners work, could you create a CPU only coin now?

Well there is a successfull CPU only coin out there: Primecoin, stable for more than half a year now and impossible to create GPU miners with decent results due to the design of prime numbers being integers :) It's so simple tbh.

Quote from: Riverhead on January 16, 2014, 05:28:25 AM

Quote from: luigi1111 on January 15, 2014, 10:16:06 PM

Also, I think you have the answer in your post: your 18 MH rig is making you less than $100/day on PTS, while you could almost certainly be making more than that mining, well, scrypt.

Why would I mine PTS with an AMD GPU? NVidia is a different story, but again, it does not appear to have affected much.

Anyway, if we believe in what's going on here, we should appreciate this buying opportunity, right?

You're not wrong but also keep in mind that 18MH is not one rig.  It's about 12 so playing the field on scrypt's various pump/dump garbage coins (Dodge, Catcoin, etc.) is a bit of a hassle vs keeping it on one coin, like LTC, which was what I based my comparison on. 


Also, GPU mining hasn't had the effect I was expecting on PTS yet but the tech is also mostly in development.  Once GPU mining becomes the norm things may change.  I'm not sure if this is a good thing.  I know Bytemaster had a bounty out for anyone that could prove the momentum algorithm could be done better in a GPU.  That bounty has come and gone but it never the less seems that he felt GPU mining was a "Bad Thing" for PTS.  Later he released a bounty for a GPU miner...so...I dunno.

You could almost certainly make more than LTC at one of the multipools, which requires very little management. Now, if the difficulty drops the currently predicted amount, and price stays the same or climbs, the ~19-20% increase in revenue will probably make it competitive with scrypt. Of course, as you point out, improvements in the GPU miner will have an affect as well.

My original point still stands: GPUs haven't impacted PTS much, because it's not competitive with scrypt...yet.

Quote from: samesong on January 15, 2014, 11:36:37 PM

Quote from: delulo on January 15, 2014, 11:20:01 PM

Quote from: luigi1111 on January 15, 2014, 10:16:06 PM
By all appearances, GPUs have had a negligible impact on net processing power. We're still set to drop next difficulty change.

http://mrx.im/pts.php

Also, I think you have the answer in your post: your 18 MH rig is making you less than $100/day on PTS, while you could almost certainly be making more than that mining, well, scrypt.

Why would I mine PTS with an AMD GPU? NVidia is a different story, but again, it does not appear to have affected much.

Anyway, if we believe in what's going on here, we should appreciate this buying opportunity, right?

Did I get that right, that difficulty will go down again at "Time to retarget: 8d 01:08:19 (2014-01-24 09:25:03 UTC+9)"? And this potentially makes the price drop a little?

I'm hoping difficulty increases point to scarcity point to greater demand point to price jumps! Not always the case though, especially short-term.

go pro(toshares)!! :)

In the past with PTS, difficulty increases have led to scarcity, as network collisions/min have gone down after the increases. However, we are set to drop about 16% in 7 days or so, which will likely increase supply beyond the implied ~19%, because it'll become more favorable to mine, attracting additional resources.

Quote from: bytemaster on January 16, 2014, 05:41:53 AM
I was aiming originally for CPU only and it seems I was more successful than others that have gone before me, but not perfectly.

Could you explain that a little more? What is the problem creating a coin that can only be mined by CPU?
Your answer sounds like it's impossible to create a CPU-only coin, because you have tried to and put a high bounty on what you thought was the solution. Why didn't you know what others (GPU miner creators) now know when you were programming it?
Knowing how the GPU miners work, could you create a CPU only coin now?

And the bounty was a hefty 1BTC..

I was aiming originally for CPU only and it seems I was more successful than others that have gone before me, but not perfectly.

I released a bounty for the GPU miner to keep the field level.

At the end of the day none of this mining matters so equal opportunity is all I aim for.

Quote from: luigi1111 on January 15, 2014, 10:16:06 PM

Also, I think you have the answer in your post: your 18 MH rig is making you less than $100/day on PTS, while you could almost certainly be making more than that mining, well, scrypt.

Why would I mine PTS with an AMD GPU? NVidia is a different story, but again, it does not appear to have affected much.

Anyway, if we believe in what's going on here, we should appreciate this buying opportunity, right?

You're not wrong but also keep in mind that 18MH is not one rig.  It's about 12 so playing the field on scrypt's various pump/dump garbage coins (Dodge, Catcoin, etc.) is a bit of a hassle vs keeping it on one coin, like LTC, which was what I based my comparison on. 


Also, GPU mining hasn't had the effect I was expecting on PTS yet but the tech is also mostly in development.  Once GPU mining becomes the norm things may change.  I'm not sure if this is a good thing.  I know Bytemaster had a bounty out for anyone that could prove the momentum algorithm could be done better in a GPU.  That bounty has come and gone but it never the less seems that he felt GPU mining was a "Bad Thing" for PTS.  Later he released a bounty for a GPU miner...so...I dunno.

Quote from: delulo on January 15, 2014, 11:20:01 PM

Quote from: luigi1111 on January 15, 2014, 10:16:06 PM
By all appearances, GPUs have had a negligible impact on net processing power. We're still set to drop next difficulty change.

http://mrx.im/pts.php

Also, I think you have the answer in your post: your 18 MH rig is making you less than $100/day on PTS, while you could almost certainly be making more than that mining, well, scrypt.

Why would I mine PTS with an AMD GPU? NVidia is a different story, but again, it does not appear to have affected much.

Anyway, if we believe in what's going on here, we should appreciate this buying opportunity, right?

Did I get that right, that difficulty will go down again at "Time to retarget: 8d 01:08:19 (2014-01-24 09:25:03 UTC+9)"? And this potentially makes the price drop a little?

I'm hoping difficulty increases point to scarcity point to greater demand point to price jumps! Not always the case though, especially short-term.

go pro(toshares)!! :)