Chat archive · 2018-06
jeffms2003 · Thu Jun 21, 2018 10:35 PM UTC
Good to know - I can track my daily revenue from the payout data and when it sells down to $$, I’ll know my capital gains on that transaction. Easy enough.
alim · Fri Jun 22, 2018 12:20 AM UTC
jeffms2003 wrote: Good to know - I can track my daily revenue from the payout data and when it sells down to $$, I’ll know my capital gains on that transaction. Easy enough. alim · Fri Jun 22, 2018 12:20 AM UTC
jeffms2003 wrote: Good to know - I can track my daily revenue from the payout data and when it sells down to $$, I’ll know my capital gains on that transaction. Easy enough. alim · Fri Jun 22, 2018 12:21 AM UTC
I can’t get the hang of this chat - apologies - the accountant (UK) has suggested forwarding any HODLs to a personal wallet so that the business is not responsible for capital gains, only personal CGs. Hope that that is useful.
Foxx · Fri Jun 22, 2018 06:59 AM UTC
jeffms2003 wrote: So there is no difference between selecting BTC and USD with the slight exception that your earnings are converted to USD (if you select that option)at the moment they sell them on the exchangeand you therefore receive the USD value at that point.. waiting for BTC to go to Coinbase and you to sell it, the USD price may fluctuate a bit.
alim · Fri Jun 22, 2018 09:23 AM UTC
@Foxx - great info... For those without a US bank account, you have to take the coin - coinbase won’t sell and hold your earnings as US$ in your account. Pity...
minerproo · Fri Jun 22, 2018 02:08 PM UTC
Anybody having problem with ripple payouts?
ajs · Fri Jun 22, 2018 02:13 PM UTC
Got a ripple payout last night. Works fine. Destination Tag is not optional.
alim · Fri Jun 22, 2018 02:15 PM UTC
ripple as weathered today’s drop well compared to many others...
minerproo · Fri Jun 22, 2018 02:20 PM UTC
payment pending since days
minerproo · Fri Jun 22, 2018 02:23 PM UTC
Also coins now are down so prohash is putting other coins on current market rate or old?
alim · Fri Jun 22, 2018 02:24 PM UTC
You get the weight you mined, not the $ amount
alim · Fri Jun 22, 2018 02:24 PM UTC
The value will fluctuate with the market price....
CSZiggy · Fri Jun 22, 2018 02:26 PM UTC
And then you hope for a TEACOIN situation, where the next lowest coin is worth 30.965 profit and TEACOIN is worth 1,340.021
CSZiggy · Fri Jun 22, 2018 02:26 PM UTC
and it stays like that for a few minutes, and from 2 minutes of mining, you make more than the rest of the autopool does in the whole day.
alim · Fri Jun 22, 2018 02:26 PM UTC
Does drinking tea count?
CSZiggy · Fri Jun 22, 2018 02:27 PM UTC
only if its hot and fresh. Only way to power sub-ether heart of gold.
alim · Fri Jun 22, 2018 02:27 PM UTC
Scotland does really "do" iced tea....
CSZiggy · Fri Jun 22, 2018 02:28 PM UTC
did not expect to get up this morning to a 10% drop across the boards.
alim · Fri Jun 22, 2018 02:28 PM UTC
Fingers crossed nothing goes wrong. Working in a location where I can’t monitor the miners - catch up very late tonight or very early tomorrow..
minerproo · Fri Jun 22, 2018 02:29 PM UTC
Payout threshold: 2.03273037 for ripple is now its 40 cents
minerproo · Fri Jun 22, 2018 02:29 PM UTC
i guess in dollars minimum payout is 1$
alim · Fri Jun 22, 2018 02:29 PM UTC
yeah - I’m a bit gutted - we are cash poor right now
CSZiggy · Fri Jun 22, 2018 02:29 PM UTC
its the number of coins needed / $ value needed
CSZiggy · Fri Jun 22, 2018 02:30 PM UTC
I shut down 3 weeks or so ago. Wasnt profitiable for me anymore
alim · Fri Jun 22, 2018 02:30 PM UTC
I am considering the same... Tried solo mining but was not hitting blocks
alim · Fri Jun 22, 2018 02:31 PM UTC
My concern is that for Scrypt, difficulty is one way. When you flip them back on, they will earn even less
CSZiggy · Fri Jun 22, 2018 02:31 PM UTC
i'd not solo. static mine sure thats where the profits where when the live coins were live and not delayed
CSZiggy · Fri Jun 22, 2018 02:31 PM UTC
all difficulty is one way
CSZiggy · Fri Jun 22, 2018 02:32 PM UTC
you think bitcoin miners earn more today than they did last year?
minerproo · Fri Jun 22, 2018 02:32 PM UTC
@csziggy you do not mine anymore?
alim · Fri Jun 22, 2018 02:32 PM UTC
some cryptonights aren’t... yet.
CSZiggy · Fri Jun 22, 2018 02:32 PM UTC
no, turned my rigs all off. Wasn't earning enough coins via electric. I can buy coins for less $ now
alim · Fri Jun 22, 2018 02:33 PM UTC
but no, I don’t expect the SHA-256 to be earning the same.. That is why I’m keen to switch on the ASIC BOOST
CSZiggy · Fri Jun 22, 2018 02:33 PM UTC
do cryptonights have ascis yet?
alim · Fri Jun 22, 2018 02:33 PM UTC
best pools are easyhash pro and fairhash
alim · Fri Jun 22, 2018 02:34 PM UTC
It makes more than my other combined
CSZiggy · Fri Jun 22, 2018 02:34 PM UTC
shipping was 15-30, have they all shipped out and gone online yet?
CSZiggy · Fri Jun 22, 2018 02:35 PM UTC
when the A3 released it was making mad money...for a month
alim · Fri Jun 22, 2018 02:35 PM UTC
you can buy an A3 for about £120
alim · Fri Jun 22, 2018 02:35 PM UTC
The X3 is still at $1600 plus
CSZiggy · Fri Jun 22, 2018 02:36 PM UTC
A3 wasnt worth the cost about 1 month after they were released
CSZiggy · Fri Jun 22, 2018 02:36 PM UTC
yep and I doubt the X3 makes profit after the 1st month
alim · Fri Jun 22, 2018 02:36 PM UTC
understand, I felt that way by the time the X3 arrived - most coins have flipped over to v7
CSZiggy · Fri Jun 22, 2018 02:36 PM UTC
when a new ASIC hits an algo that didnt have one before, 1 month is about all it takes.
alim · Fri Jun 22, 2018 02:37 PM UTC
So my plan is to target new coins... those two pools have a shed load of X3’s attached. EH’s top 10 account for 50% of the hashrate of the pool
CSZiggy · Fri Jun 22, 2018 02:37 PM UTC
I still have 110,000 siacoins. Hope one day they will be worth something at least.
alim · Fri Jun 22, 2018 02:38 PM UTC
I am laughing so hard my chair is bouncing...
minerproo · Fri Jun 22, 2018 02:38 PM UTC
you saying prohash is not profitable anymore?
alim · Fri Jun 22, 2018 02:38 PM UTC
I’ve dropped 1/2 since I started
CSZiggy · Fri Jun 22, 2018 02:38 PM UTC
not for me, I must pay too much for electricity
minerproo · Fri Jun 22, 2018 02:39 PM UTC
what about buying from nicehash?
alim · Fri Jun 22, 2018 02:39 PM UTC
Prohash is better than elsewhere in my opinion. I won’t turn off yet as I’m holding for long term..
alim · Fri Jun 22, 2018 02:40 PM UTC
by the time the price rises, the difficulty will be so high, the weight per day will be eroded
CSZiggy · Fri Jun 22, 2018 02:40 PM UTC
.025 a day coin payout X 30 days = .75 litecoins. even at $100 a coin, thats only $75 a month. I pay more than that in electricity, so not profitable for me.
alim · Fri Jun 22, 2018 02:41 PM UTC
Figure out what you can afford to lose. Work from there across multiple scenarios...
alim · Fri Jun 22, 2018 02:41 PM UTC
understand. If the value at end of year doubles, would that cover the electricity
CSZiggy · Fri Jun 22, 2018 02:41 PM UTC
I could buy a full coin and save money, so why would I still mine
CSZiggy · Fri Jun 22, 2018 02:42 PM UTC
yep, if it doubles. But wouldnt I buy a coin and have 25% more in double?
alim · Fri Jun 22, 2018 02:43 PM UTC
true. Many are selling off their miners now rather than wait. I have no spare cash right now.
CSZiggy · Fri Jun 22, 2018 02:43 PM UTC
some people take coins. but with the prices down, may cost more than its worth.
CSZiggy · Fri Jun 22, 2018 02:44 PM UTC
it all depends on your situation. if you have lower costs to operate or free electrticty, its all free money.
alim · Fri Jun 22, 2018 02:44 PM UTC
have to dash to work.. have fun out there - the sky is bright blue here in Edinburgh
Foxx · Fri Jun 22, 2018 05:39 PM UTC
i think everyone should turn there miners off (except me of course)
lets get that Difficulty to drop dramatically.
jeffms2003 · Fri Jun 22, 2018 06:50 PM UTC
How is solo mining on the scrypt algo in this pool?
Lestat9 · Fri Jun 22, 2018 09:00 PM UTC
Anyone know how to get ASICboost working for the s7?
alim · Fri Jun 22, 2018 10:24 PM UTC
@lestat9 I have been asking for over a month....
alim · Fri Jun 22, 2018 10:25 PM UTC
@foxx Difficulty is one way
alim · Fri Jun 22, 2018 10:28 PM UTC
@jeffms2003 - I’ve tried solo mining from time to time. I came to the conclusion that you need to do the math. I thought between 4 miners I might bet a Digibyte block every other day at least - I’m extremely unlucky.
CSZiggy · Sat Jun 23, 2018 05:10 AM UTC
Nice scrypt average prices today. Turned my machines off at .70 cents per MH. At 1.0 per MH may have to turn mine back on.
DeterMINEd · Sat Jun 23, 2018 10:57 AM UTC
AsicBoost is only incorporated in Halong Dragonmint's miners as far as I know. There are no Bitmain AsicBoost miners yet.
jeffms2003 · Sat Jun 23, 2018 12:44 PM UTC
Pretty sure that 1.0 cents per MH is incorrect.
jeffms2003 · Sat Jun 23, 2018 12:46 PM UTC
I’m at about .36 cents per MH so if ASICBoost is boosting others at my expense, I’m out of here. Pretty sure that isn’t the way it works, though.
jeffms2003 · Sat Jun 23, 2018 12:48 PM UTC
Actually I can’t tell. Normally the profits in this pool run ahead of the calculations on Crypto Compare, but they are now behind in terms of profitability. I’d like to hear the perspective of the folks that run this pool.
jeffms2003 · Sat Jun 23, 2018 12:55 PM UTC
My per MH rate has decreased by 30% in the last 3 days, which is way off actual market condition changes.
Forum notification · Sat Jun 23, 2018 01:14 PM UTC
has started a new topic:
Myriad Coin Not Allowed minerproo · Sat Jun 23, 2018 01:44 PM UTC
for profit buy some patience brothers.
minerproo · Sat Jun 23, 2018 01:45 PM UTC
market is testing us and we won’t give up
jeffms2003 · Sat Jun 23, 2018 02:03 PM UTC
Difficulty has gone down, the market prices have dropped about 15% (last couple of days) and Prohashing scrypt payout per MH has gone down 30%. Doesn’t make sense.
jeffms2003 · Sat Jun 23, 2018 02:04 PM UTC
I have cheap electricity so I’m good, but just saying a bit suspect.
Foxx · Sat Jun 23, 2018 02:06 PM UTC
@CSZiggy : don’t do it man, that is just the dark side calliong out to you
minerproo · Sat Jun 23, 2018 02:15 PM UTC
Also which algorithm is worth hashing?
jeffms2003 · Sat Jun 23, 2018 02:17 PM UTC
profits are slim right now...based on the calculator at litecoinpool.org they are doing better than prohashing right now, but you only get LTC. So if that is what you are after, you’re good.
minerproo · Sat Jun 23, 2018 02:18 PM UTC
not good profit with 50g/s
lets get that Difficulty to drop dramatically.