that's bfl i think right? i'll dig a bit.

those are the ones that make me nervous right now, in fact, what's weird to me is what is going to happen when all those asics come online, i mean if that company you mention is prepped for a, what is that, 30x increase, there are tons more coming online at the same time, that's massive increase in computing power.......i guess the current algo accounts for that in real time.

Atmel have a dedicated SHA256 chip in a tiny 3 pin package which I was looking into a while ago, but they're not meant for high speed hashing, so you'd need hundreds or thousands of them to do anything useful with BTC mining. Pity. :D

Got my GFX card working finally, mining is blasting along at an amazing 13khashes/sec. Haha. It's only a little 5450 so it's not that surprising.

I have a 4 core xeon server at a webhost which is only 5% utilised, I reckon it could hash faster than that. Now to find a CPU based miner that will compile on unix...

Turns out the xeon isn't really that fast either, only 3k hashes/sec per core (so 9k/s when using 3 cores), but at the current LTC value that's still a few bucks a month. The server is otherwise barely utilised (mostly I/O rather than CPU bound) so I'm just going to leave it running. It's gravy... very slowly dripping onto my plate... :pimp

so 2.23ltc/day? = 10 bucks at most? :)

Per card also the 7870 is the smallest one i have

That's not bad if LTC will be $80 in a few months..

Btw i have stability issues when mining and sometimes reaper freezee. Do you use your on board VGA for windows?

yes but those aren't free 2.23ltc, I mean you use electricity, your vga card etc..

I've only one card in my pc, so yes I used that for mining, however I had to lower the intensity to 10-11.

Oh and if I understand correctly, not the whole mining is successful right? there are invalid and accepted shares, so thats lowers the effectiveness too?

Well, think mining coins as an investment. It's a bit risky, but who knows maybe worth on the long run while the difficulty is not too high.

I think building rigs is the way to mine, playing with our desktops is just for fun.

If i understand correctly a mining op now need a place, electricity, some cooling and a few tousand dollar worth of hardware...

I just don't know if it's too late or not.

Yes its an investment, but you can just easily buy those 2ltc's for a few bucks and you dont need to worry about anything else :) I mean it's just not worth it

btw with pool mining i get only stale/invalid ones (GUIMiner, host coinotron), any idea why?

I did some calcs and figured that the OC 7770 that I just bought tonight will pay for itself within about a month. That's if LTC stays at its current value. May even be worth mining some BTC at its current value.

That will change in less than 2 days

my bottom is also exploding... :2 cents:

You're talking about a difficulty change? BTC or LTC?

Some quick calcs...

HD 7770 mining LTC = ~$4 profit/day
HD 7770 mining BTC = ~$1 profit/day

So yeah, maybe mining BTC aint so grand, even at the super high price it's at right now.

:1orglaugh

I've just been reading about how Intel's CPU microcode updates are SHA256 signed. This most likely means that every modern Intel x86 CPU can generate/verify SHA256 "on chip" ... in hardware. Unlikely to be of any practical use, but pretty cool nevertheless. :)

Huge crash!

yup. I think many pools were under heavy attack yesterday, dunno if it's related though.

I don't think your calculation is going to be very accurate. The LTC mining difficulty is skyrocketing already. When I started on Monday the difficulty was 100 and I could do 3 LTC/day, It's currently 150 and I'm down to only 1.6 LTC/day now. The next difficulty is estimated to be ~250.

I don't know when the difficulty changes but it's jumping by 50% each time, :(

"Latest News

"Litecoin pools continue to suffer some DDoS, Ozcoin included, we are doing what we can"

So far i only made money off the crash...but it's risky :)

Tell me about it i just lost half my coins

be careful with keeping all your coins in one spot too. Would suck if btc-e deletes their page and runs off with all your coins. Happened to me with an online wallet service similar to instawallet, :(

Yeah well this litecoin thing is just like a little extra. It shit hits the fan it won't be a big deal for me.

Since I'm mining and get free electricity it's pure profit for me. Doesn't mean it wont suck to lose it, I plan to spend it on buying traffic.

True. But i highly doubt BTC-E will dissapear just like that.

In mom and dads basement still like most on GFY? :Graucho

lol, no, Apartments in Washington DC have electricity included in rent since we pay $1,400 for a 300 square foot studio. That's why I'm on GFY, cause I'm broke from paying rent.

Oh wow, I didn't know that, that's pretty sweet.

We're paying around $1200 month for rent (3 bedroom) and utilities run to around an additional $800.

Would love for our electric to be included, that's usually $400-500 a month right there lol

All my utilities are included, It's nice not having to worry about using too much water, or too much electricity, or trying to save money by not running the A/C.

fuck i just lost 40 LTC

wow, thats crazy expensive for electricity. do you heat with electricity? In my 4 bedroom townhome it only costs 150-170 every two months for electricity.

Yeah everything is electric here, we looked at gas but its just to cost prohibitive where we live.

We in the market for a house right now and gas is one of the things we're looking for with whatever property we end up buying but there are very few options in nice neighborhoods that have gas available.

That electric basically keeps the house at a comfortable 68-72 temp wise, means we have hot water whenever we want it, also runs 3 laptops and 2 desktops 24/7 plus randomly 2 Xboxes, 2 hd tvs... Etc... I actually don't think we've ever had an electric bill under $300.

How/why?

Find the LTC trading channel, sell near high, rebuy near low, profit. Yesterday was $4.20 to $4.

because im a fucking idiot i sold low then it went up so i thought id buy then it went down again
i did the same thing last week and doubled my coins

Is it a good idea to buy anything from a site on domain registered with fake address and phone in Moscow? :2 cents:

looks like ozcoin getting DDOSed today, ugh