[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[Vigil]

Don't you need a big gpu farm to be making a decent figure from mining scrypt coins?

I see there are scrypt ASIC devices on the horizon.

Pretty much but it is still way more profitable. LTC is currently 30 times more profitable. Most of the GPUs have been bought up since the price increase.

[Jasun7211]

I could be wrong with that last statement but that's what I thought

A bitcoin miner can be used with any SHA256 crypto as far as I am aware.

Ding.  Even if the other SHA 256 currencies go buts there will still be a long line of investors, fools and greater fools to buy the machines.  We are in its infantcy

[finlof]

the sha-256 miners cannot be used to mine scrypt alt-coins.  there are currently no asic's available that will mine scrypt coins but there is at least one company developing them (https://alpha-t.net/).  i have mined all types of sha-256 coins with asics, and all types of scrypt coins with cpus/gpus.  lorenzo is correct with his statement that you just need to point your mining software to the pool of your choice.  for my scrypt coins i use middlecoin.com because they mine the most profitable coin at the time and automatically convert it to BTC and pay you out every day.

edit - the sites that say LTC is that much more profitable is misleading.  there is a greater power cost to mine scrypt coins.  for the 2500 kh/s of GPUs i am running my power usage is between 1500 - 2000 watts.  my avalons (4x102gh/s) use 3600 watts, and my antminers (2x180gh/s) use less than 800 watts.

[Vigil]

the sha-256 miners cannot be used to mine scrypt alt-coins.  there are currently no asic's available that will mine scrypt coins but there is at least one company developing them (https://alpha-t.net/).  i have mined all types of sha-256 coins with asics, and all types of scrypt coins with cpus/gpus.  lorenzo is correct with his statement that you just need to point your mining software to the pool of your choice.  for my scrypt coins i use middlecoin.com because they mine the most profitable coin at the time and automatically convert it to BTC and pay you out every day.

edit - the sites that say LTC is that much more profitable is misleading.  there is a greater power cost to mine scrypt coins.  for the 2500 kh/s of GPUs i am running my power usage is between 1500 - 2000 watts.  my avalons (4x102gh/s) use 3600 watts, and my antminers (2x180gh/s) use less than 800 watts.

In most places power costs are not going to even come close to overcoming a nominal 30x profitability.

[Vigil]

If I fired up my two 7970's and started mining the most profitable scrypt coin, it would still take me 28 days with the GPUs running 24hours a day to earn the equivalent of 1 btc.  Not worth the noise.

For most people making $1000+ per month is worth the noise.

[Sahtor]

https://crypto-trade.com/tradex/ipo/amc_btc

[Bargraphics]

https://crypto-trade.com/tradex/ipo/amc_btc

And so it begins again!

[zumzero]

If I fired up my two 7970's and started mining the most profitable scrypt coin, it would still take me 28 days with the GPUs running 24hours a day to earn the equivalent of 1 btc.  Not worth the noise.

For most people making $1000+ per month is worth the noise.

I accept that point, but the 28 days is assuming no increase in difficulty so it's probably going to be quite a bit longer?  $1000 is a lot of money to me as well.

[tom.hashemi]

https://crypto-trade.com/tradex/ipo/amc_btc

And so it begins again!

Ta da! *drum roll*

[VolanicEruptor]

no accounts created yet

[crumbs]

no accounts created yet

How did these appear?

[keepinithamsta]

no accounts created yet

How did these appear?

You can set up a buy order without anyone having anything to sell..

[PurpleTentacle]

Crumbly seems really anxious to start trading....

[smiley35]

So I have not gotten an email yet. Has anyone else? How do we take control of our shares? Should I just hold my horses?

[VolanicEruptor]

no accounts created yet

How did these appear?

could you be any more transparent?  jesus..

[crumbs]

no accounts created yet

How did these appear?

could you be any more transparent?  jesus..

[WildFire.ca]

Nice try trolls. Booo Hooo You have no shares and I am not selling mine.  

[lobbes]

So I have not gotten an email yet. Has anyone else? How do we take control of our shares? Should I just hold my horses?

I have the same question; no email here as well. How are we going to authenticate our ownership of these accounts that are being set up for us?  Hopefully Ken will descend from the heavens soon to answer these inquiries.

[zumzero]

I'm pleased to say that 2FA is working and I agree,  Ken should have something to say about the next steps for shareholders.

[shadallion]

I've had an account on Crytpo-Trade for a long time.  How will my ACTM shares get uploaded to my pre-existing account?