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On January 27 2018 19:31 Qikz wrote:
....At home you'll pay more for electricity than you would to mine the coins.
I disagree, I have actually crunched the numbers with the value + rate of mining vs my hydro bill and it was showing profit. There are websites available to help identify the margin. Although that was done with a different cryptocurrency.
The thing is, many people won't get on paypal and actually donate money to something like this, but I could see people running an application while they sleep and dealing with that "donation" when it comes time to pay the power bill.
Maybe if we were playing Starcraft 2 people wouldn't mind as much since their parents are paying the bill anyway. (trollface)
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I am mining mining mining :p
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Great work everyone! Some people have figured out how to GPU mine.. hashrates are flying!
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Update:
Hi everyone,
Naturally this tournament is a new idea and a bit of an experiment. I'm very encouraged by the amount of positive feedback and donated computing power  .
I think it's important to start small and make sure it can happen in a realistic time frame. I've decided to adjust the target prizepool to 0.3 Monero (30% of the original goal of 1 Monero.) This is the smallest payout the mining pool will allow. I've also altered the payout structure (winner takes 100%). I've also decided it's necessary to reduce the size of the tournament from 16 invitations to only 8.
I would have liked an "invitational tournament" to have a larger prize pool, however, this also needs to happen in a realistic amount of time . Please spread the word, keep the contributions coming!
Thank you everyone!
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Russian Federation250 Posts
I'm frequently getting "error: pool rejected hash" message. Am I doing something wrong?
On January 28 2018 11:43 [SK]Russell wrote:
Great work everyone! Some people have figured out how to GPU mine.. hashrates are flying!
Does this mean that I can get my GPU mine coins, just need to do some configuration?
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I'm frequently getting "error: pool rejected hash" message. Am I doing something wrong?
It could be due to high latency between you and the web miner. Is your browser up to date?
Does this mean that I can get my GPU mine coins, just need to do some configuration?
Yes if you have a reasonably modern GPU (with 2+ GB of RAM), it should be able to mine Monero. There is a guide to setting up a command line based GPU miner (XMR-stak) in the OP. This software is widely used and open source.
I would happily offer help, contact me on liquidpedia discord if you like.
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So this is based on number of instances someone has mined, not the actual amount mined? I ask because I started a lot of instances (3 or 4).
It's based on total hashes towards a given name. Total hashes are viewable on the link to the mining pool, but will only be visible while someone is actively mining towards a given name. The Overall hashes (votes) towards a given name will be retained even if nobody mined towards that name for a few days.
While running the miner you will be given a hashrate (H/S or Hashes per second), this is how fast you are adding votes.
It's also important to remember to change "VoteHERE" on the link, this will identify your miner as making hashes (votes) towards the specified name.
You could run multiple instances of the miner, but your computers overall cpu power would still be split between them.
Anyone who really wants to rack up some hashes (votes), should setup a GPU miner. I would be happy to help!
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So far VoteHERE is killing it.
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Update: Officially 5% funded.
To anyone watching the Current Monero Price you will have noticed a major dip. This is quite normal in this market and is affecting all cryptocurrencies, not just Monero. The price will bounce back just as quickly, we have time!
I appreciate whoever has been voting for retired players and korean professionals , they may not play in our tournament but i'll do what I can to get the invitations out when it comes to that step!
We need everyone to continue to the contributions if it's possible for you to do that . Keep up the good work!
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I wonder how much more H/S can be mined if a GPU like my GTX 970 is set up with XMR-Stak compared to CPU. The average H/S i got with 100% load on CPU was around 50.
Update: already checked, looks like Nvidia Cards suck at minning crypto currency, the best GPUs to mine seems to be AMD Vega 64 and 56 http://cryptomining24.net/hashrate-graphics-card-on-monero/
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Yes those cards are amazing! Good luck finding one for an affordable price though  . Mining demand has driven up GPU prices very high.
Nvidia cards tend to be slower for mining monero than AMD, but they're still better than CPU mining. A GTX 970 might do around 500 H/S.
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Looks like somebody really wants dandy to be in the torunament, he has already surpassed any other foreigner Hashes, and is mining at 270 H/S
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95% of the votes haven't been cast yet.. so there's plenty of time to catch up for anyone new .
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Are you doing this specifically for proof of concept? Anyone in crypto has had a great year and I can't really understand why you can't get someone to send you 30 bucks of Monero for a prizepool.
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Are you doing this specifically for proof of concept? Anyone in crypto has had a great year and I can't really understand why you can't get someone to send you 30 bucks of Monero for a prizepool.
Yes, it's an attempt to try something new . A relatively small prize pool can still attract some of the best foreigners. I really wanted to see if running an event this way was viable.
The mining/fundraising period also serves as a time to build interest/investment in the tournament .
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I've got a question, what does difficulty means and how does that affect the minning? https://moneroocean.stream/#/ports
i set up my GPU to mine, but i don't know which port should i use to get maximum performance, i used the port 10016, but i don't think it's giving me that much H/S (average 300-320 or so), i expected a little bit more, like 370-400
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If you have a very high hashrate you can increase difficulty by changing the port you connect to the pool with. It's not very important though because stak miner will automatically adjust the difficulty to most efficient level.
What GPU are you using?
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EPT
