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wafflepool.com - An auto switching scrypt coin mining pool
WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining.
Quick question, don't know if it's possible, just looking out there for advice. I know what I'm doing with bitcoin/Scrypt mining, I have a farm of 10 various miners going in my basement (yes, it is louder than an aircraft runway). In particular, I have one miner that I really want to split. It uses cgminer (although I was hoping to do it with a proxy running on a computer). I don't want to use the quota function in which you can allocate time which is spent mining on each different pool. What I want to do is mine on all of the pools equally at the same time. It must be mining all at the same time, but each at a lower hashrate. Don't ask why, it's a very convoluted procedure, and I'm certain there is no other way. Is there a mining proxy or other tool (or configuration option within cgminer) that will let me do this? I'm fully aware of how mining works (I ported pyminer a long time ago, back when that was possible). When I think it through, I don't really think this is possible (based on how the nonce increase works and such), but I still wanted to check.
Agree/Disagree? --> Vertcoin is what all the other scrypt coins were trying to be: a more egalitarian mining environment than bitcoin... until scrypt ASICs ruined those plans.
The title pretty much sums up why I decided early-on to buy into vertcoin. I recognized that it would fill the scrypt niche better than any other scrypt coin. I wanted to see how many people in this community share this feeling. And for those who either disagree or are in this community primarily for a different reason, I'm intrested in knowing why! Thanks fellow Verters!
Bitcoin and Scrypt Cloud Mining Contracts with HashFlare Now Available at Lower Prices
Passive income with crypto mining is now even more accessible with premier cloud mining hoster HashFlare announcing a special 5% discount on first-time purchases of cloud mining contracts. HashFlare customers need only apply the discount code HF18TOTHEMOON to their purchase order to enjoy cloud mining contracts for a low price of $4.20 per 1 MH/s. Limited period, Limited Availability Already among the lowest-priced products of its kind, these contracts, used for mining Bitcoin and other popular alternative cryptocurrencies, are now 40% cheaper than previously available, thanks to positive results in recent market performances which HashFlare is now transferring to its customers. The 5% special discount will apply on a range of mining algorithms, including SHA-256, SCRYPT, ETH and EQUIHASH, allowing even better profitability margins on a range of cryptocurrencies such as Bitcoin, Ethereum, Litecoin and DASH. SHA-256 — $0.60 per 10 GH/s Scrypt — $1.80 per 1 MH/s The Leading Pioneer of Cloud Mining Services With over three years of successful operations, HashFlare has been offering passive income opportunities via shared cloud mining options on its platform, allowing anyone in the world to take part in the exciting and profitable cryptocurrency mining industry. Users can access a full-feature platform that includes the ability to select mining pools, view proof of hash rate and request for instant payouts. This allows for more advanced account management, giving users the ability to monitor real-time hashrate subscriptions and switch over to more profitable mining pools at any time. Cryptocurrency mining represents the work performed to secure the various blockchain networks upon which the world’s major cryptocurrencies operate, with mining activities helping to secure the network as well as verify and validate transactions made over the network. However, retail customers are faced with a high entry requirements, with highly complex and technical requirements making it difficult to enter the industry. Cloud mining services such as that offered by HashFlare lowers this entry requirement, making it easy for anyone to participate in the new crypto economy, owning a share of hash power without needing to worry about overheads management, equipment maintenance and technical operations. Raising the Bar Many have reviewed the successful use of HashFlare offerings, such as this popular cloud mining review site, acknowledging HashFlare’s long standing reputation in being one of the most reputable and secure providers available today. To experience the features and look at options available on the the HashFlare platform, register now for a free account and apply the discount code HF18TOTHEMOON to your first purchase of a cloud mining contract. Furthermore, you can earn referral commissions via the HashFlare affiliate program that rewards you with 10% on every new registration that also purchases a new contract. Discover the opportunities for you to participate in the crypto mining industry with the best value offer on the market with HashFlare, the cloud mining service provider with zero maintenance fees, at https://hashflare.io.
Why isn't it possible to mine Scrypt or X11 or anything else except SHA256 on ASIC bitcoin mining rigs?
This might be a really dumb question, but it always bugged me and I could not find any factual explaination. What is the reason behind it? Is it software or hardware that is not compatible? Any othe reasons? Thanks in advance.
Shibes, the big boy ASIC companies are about to jump into the scrypt mining game. Are we slowly going the route of Bitcoin?
There have been a steady stream of smaller companies announcing scrypt ASICs over the past few months. Companies such as Alpha Technology, Fibonacci, Flower Technology, Zeusminer, etc have presented offerings that, while more efficient than conventional GPUs, were not necessarily gamechangers. That all changed with the announcement from KnCminer (a large reputable ASIC company) of a 100Mhs miner for $10,000. To give you an idea of how much hashrate that is, it is roughly the equivalent of 330 gtx750 TIs. This is a mere $0.10 per Kh/sec while also being significantly more energy efficient than any sort of GPU farm that would even sniff those numbers. The other companies have already started making announcements that they are tweaking their ASICs to remain competitive with these rates, so expect it become a huge ASIC arms race, leaving the little guys with their GPUs in the dust. How this will affect the community and ultimately the value of DOGE is yet to be seen. But for those of you about to pull the trigger on a GPU mining rig with the sole intention of mining, you might want to reconsider.
11-12 21:23 - 'MAX SUPPLY ~10'100'000 BTD ONLY! / ALGO SCRYPT - SAME AS LITECOIN / BLOCK SIZE MAX 3MB / ~ EVERY 5 MIN. / MINING PROOF OF WORK / NO PRE MINE / BLOCK HALVING EVERY ~ 3 YEARS / NETWORK SPECIFICATION 100% DECENTRALIZED. OPEN SOURCE...' by /u/lozimski removed from /r/Bitcoin within 0-8min
''' MAX SUPPLY ~10'100'000 BTD ONLY! ALGO SCRYPT - SAME AS LITECOIN BLOCK SIZE MAX 3MB / ~ EVERY 5 MIN. MINING PROOF OF WORK / NO PRE MINE BLOCK HALVING EVERY ~ 3 YEARS NETWORK SPECIFICATION 100% DECENTRALIZED. OPEN SOURCE CODE ! It is a fresh project. Maybe with huge amount increase potential. Soon on the market yet. But you can start mining ... short leak from dev ;) Enjoy ''' Context Link Go1dfish undelete link unreddit undelete link Author: lozimski
I have some gridseeds that I run through an older version of cgminer and some antminer u1s and u2s that I run through the latest version of BFGminer. Is there a way to mine them using the same program? I point them all to multipool.us anyways.
02-15 03:32 - 'You have that back to front. The hashrate always follows marketcap (+ speculation of). Not the other way round. / Besides, you are assuming all alts are POW. / The other thing is Alts typically use scrypt mining, which use of...' by /u/FlappySocks removed from /r/Bitcoin within 2-7min
''' You have that back to front. The hashrate always follows marketcap (+ speculation of). Not the other way round. Besides, you are assuming all alts are POW. The other thing is Alts typically use scrypt mining, which use off the shelf GPUs. Hashing can rise to match marketcap very quickly. And do, as this table shows [link]1 ''' Context Link Go1dfish undelete link unreddit undelete link Author: FlappySocks 1: **at**mine.com/ Unknown links are censored to prevent spreading illicit content.
I am a 15MH/s Scrypt miner. I trade 50% of everything I mine straight to Bitcoin. How on earth do I calculate tax obligations with the IRS?
I have been mining Scrypt since December. I have about 4 Bitcoins, and about another 6 Bitcoins worth of Doge, Lite, Redd, and Feather. I also like to play-trade on Cryptsy regularly. I have read through the new IRS regulations, and have determined there is no way on earth I can calculate my obligations? Can anyone help. I really don't want to be Wesley Sniped by Uncle Sam.
Scrypt is used in many cryptocurrencies as a proof-of-work algorithm. It was first implemented for Tenebrix (released in September 2011) and served as the basis for Litecoin and Dogecoin, which also adopted its scrypt algorithm. Digital currency mining has had an incredible rollercoaster ride in the last 36 months. During the big bitcoin gold rush of late 2017, bitcoin and altcoin miners were making bank and mining hardware providers were barely able to keep up with demand. In 2018, it all went downhill as digital asset prices tanked aggressively from their all-time highs. Bitcoin mining rigs and systems have come a long way since the beginning. The first Bitcoin miners made do with the tools they had at their disposal and set up various software to control the mining hardware in their rigs. While these make-shift solutions were better than nothing, they didn’t exactly work efficiently. ... Scrypt is the encryption method that is using a big memory volume and requires a lot of time for selection. The Scrypt algorithm is implemented for the cryptocurrency mining, which allows making it more complicated for the specialized ASIC miners.. The Scrypt coins differ from Bitcoin as the latter uses the SHA-256 algorithm. Unlike the scrypt cryptocurrency, Bitcoin and other currencies on ... Bitcoin is the currency of the future & Genesis Mining is the largest cloud mining company on the market. Mine bitcoin through the cloud, get started today! ... Terry Li, CEO Zeus Leading Scrypt Asic Manufacturing Company ...
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