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This thread is going to be constantly updated with a list of services for Megacoin users. If you feel your service should be added to the list, just post or PM us. Exchanges • Cryptsy (MEC/BTC) An exchange with a wide selection of alt coins. • Cryptsy (MEC/LTC) Same exchange as above but trading for LTC instead of BTC. • CoinEx (MEC/BTC) Real time alt-coin exchange. • BTC38 (MEC/CNY) Popular Chinese exchange for cryptocurrencies. • Bter (MEC/BTC) Chinese crypto currency exchange Block Explorers • CoinPlorer • CoinWorld Mining Pools • Small Time Miner Proportional Payouts, Full Block Rewards Including Tx Fees, 1% Pool Fee • CoinEx PPLNS with 10min window. • MultiPool Multi-currency cryptocoin mining pool. • MinePool.net Stratum pool. Proportional payout per block after 120 confirmations and 5% reward to block finder. • MiningPool.co Multiple VARDIFF stratum servers. Proportional payments. Mining Profitability • CoinChoose Compares several cryptocurrencies all on the same page! • CoinWarz Watch the CryptoCurrencies battle each other in profit! • Where To Mine? Need to know where to mine? This page will tell you. Gaming • MegaDice Dice Game with 2% House Edge. • CoinWorld Lotto Megacoin Lottery, Several Prizes, Weekly Drawings. Shopping • Brown Box Tech Computer hardware and consumer electronics. • CryptoBooks Buy eBooks with with Megacoins. • Bitezze Buy precious metals with Megacoins. • Megacoin bumper stickers Bumper Stickers.
When I decided to write this guide, I was throwing cryptocurrencies around like they were nothing. I was foolish in the fact that I disregarded the exchange fees that are attached with the services that those exchanges provided. I'm in by no means a cryptocurrency genius, and I'm still not extremely seasoned at it, but I've learned enough about cryptocurrencies in the past month that I feel confident to pass on the knowledge I have learned and to help those who are overwhelmed on where to start. So what exactly is a cryptocurrency? According to technopedia (n.d.) a Cryptocurrency is a type of digital currency that is based on cryptography. Cryptocurrency uses cryptography for security, making it difficult to counterfeit. Public and private keys are often used to transfer the currency from one person to another. When mining cryptocurrencies, one important concept needs to be established, and that's hash rate. Hash rate is simply a unit of measurement of processing power. The more your hash rate is, the more profitable mining becomes. This guide uses specific sites and software, chosen by myself, as a great springboard into the cryptocurrency world. These sites and software are extremely flexible, easy to use, and integrate very well together. The mining pools I've chosen are multiple currency pools, designed to consolidate a major of the cryptocurrencies together, and instead of using several mining pools, you use three. These are the things you'll need to get started: MultiMiner Accounts at Coinotron, The Mining Pool Co., and BitMinter Accounts at Cryptsy and Coinbase There are a few different ways to mine for cryptocurrencies, the common of which are using your Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC) devices. CPU based mining is not profitable any longer, and will cost you money in the end by increasing electricity costs. GPU based mining is still popular, but losing steam against ASIC based mining. If you choose to use your GPU for mining, AMD/ATI based graphics cards (especially the Radeon HD 79xx series of cards), are the most efficient. If you have an nVidia based graphics card, I'm sorry. You can still mine on nVidia cards, but your hash rates are going to be much slower when compared to their AMD/ATI counterparts. If you chose to use GPU mining, Black Friday or Cyber Monday are you best bets for upgrading your equipment. ASIC based mining is quickly losing value with the changing difficulty on all networks, but it's the most cost effective way to increase your hash rate, and see a positive return on any equipment purchases. If my math is correct, using the methods in this guide, in order for any ASIC device to yield a positive cash flow, you've got to get a device that has at least a 5Gh/s rate (such as the Butterfly Labs Jalapeno). Now for the fun part, explaining how everything in this well greased machine is going to work. Patience plays a big part in the cryptocurrency world, and when I first started, I had none. I was so eager to see the amount of Bitcoin go up, regardless of how much I was getting penalized in fees from trading. So, that's the first step on your journey. PATIENCE. I CANNOT emphasize this enough. Sometimes, you've just got to hurry up and wait, the effects of waiting things out on the cryptocurrency market WILL PAY OFF. Step one of this machine is signing up for all three pools (BitMinter, Coinotron, and Mining Pool Co.). This is so that you can actually get server addresses to plug into MultiMiner, after signing up for these services though, you've still got a ways to go. Step two is sign up for Cryptsy. I chose Cryptsy because of the features they're going to offer at a later time, as well as support for 60 cryptocurrencies (which covers all but one of which we can mine). When your Cryptsy account is setup, you will need to go into the Balances portion of Cryptsy, and find all of the currencies in which you will be mining from the pools. Once Balances are loaded up, you will need to click on the Actions button next to the currency, and click Deposit / Autosell, and then Generate Address. There's a small clipboard near the address it generated, and that will copy the address for pasting in the mining pool websites. You will want to copy, and paste all of them to a text document, along with which currency it belongs to. Not only does this keep you from juggling back and forth trying to figure out things, but it helps for reference and setting up MultiMiner. Once you have those accounts setup, you'll want to sign up for Coinbase. A WORD OF WARNING FOR THOSE WHO ARE PARANOID... Coinbase will want to link to a bank account, this is mandatory if you want to trade your currencies for cash. If you want to trade currencies, just for the sake of trading, then you can skip Coinbase altogether. You can transfer your Bitcoins from Cryptsy straight into Coinbase, and then sell the Bitcoins from Coinbase, and straight into your designated bank account. MultiMiner, oh how amazing you are. For every cryptocurrency available in all pools, you will need to add these coins, along with server addresses, log-ins and passwords. To do so, click on the drop down next to the Settings button, and click Coins. From there, click on Add Coin, and choose each coin from a pool. This will list it in the box to the left, and give you the ability to add information on the right. You can add multiple servers as well, in case the current server you're mining on goes down. After all your coins are setup, you'll need to setup your Strategies. Click the drop down next to Settings, and chose Strategies. Check the Enable Strategies check box, choosing Straight Profitability from the drop down, and checking the Strategy every five minutes (that way you're not losing money by mining something that has dropped in price). This aggressive price checking makes it to where you're always on top with whatever you're mining. Also make sure you have Mine the Single Most Profitable Coin selected. Stick with CoinChoose as your price source (under Settings), as CoinWarz charges for there services beyond a certain point. Click Start, and take a vacation. Reading the charts on Cryptsy can be a little tricky, and scary if you've never saw those types of graphs before. Those graphs are called Candlestick Charts, and are used primarily in the stock market. I won't go in to great detail on this, however, you can find a nice cheat sheet on the subject here. I hope everyone enjoyed the guide, sorry for being punctual and brief, but there isn't anything too elaborate of complicated about searching for cryptocurrencies. I love mining as a hobby, mining's fun, and if there is any money to be made off of mining from my end, great, if not, I had fun mining. While compiling a spreadsheet of the minable currencies in this guide, if everything is set up correctly (and assuming servers aren't down), you should be able to mine the following:
And while Mining Pool Co. offers ASICcoin and Unobtainium, ASICcoin isn't supported in MultiMiner, and Unobtanium isn't supported in Cryptsy. I still mine for Unobtanium in hopes that Cryptsy will include it one day. References Cryptocurrency. (n.d.). In technopedia. Retrieved from http://www.technopedia.com/
J'ai acheté un mineur USB en Bitcoin à Saint Lazare
Après avoir beaucoup réfléchi à investir dans le minage, fait des calculs, observé le marché, lorgné du côté des BFL Jalapeno, et vu la difficulté monter en flèche, j'ai finalement sauté le pas aujourd'hui en achetant un Block Erupter ASIC Miner usb. Je suis convaincu que nous vivons une révolution, et j'avais envie de posséder un petit bout de cette histoire de crypto devises. Je fais donc un tour sur le net, localise quelques vendeurs, les contacte un par un pour finalement avoir une réponse: Monsieur Spam en a plusieurs, il les écoule à 15€ pour investir dans autre chose. Rendez-vous est pris en plein centre de Paris à midi. Je dépose quelques bitcoins dans mon wallet android, et en route pour ma première transaction crypto devise contre objet tangible. Mon vendeur est en place, nous papotons: développeurs tous les deux, lui s'est mis à miner sur CG il y a longtemps, cette époque bénie où l'on pouvait chauffer son appart en gagnant de l'argent à coup de dissipateurs thermiques :) Les temps changent, la donne est différente; nous sommes convaincus que bitcoin est là pour durer, au moins faire bouger les lignes. Vient le moment de payer. Je sors mon smartphone, scanne le qr code affiché sur le sien, envoie 15 euros, et "DRING" ! La transaction est effectuée quasi-instantanément, les bitcoin sont dans son wallet. Je l'invite au prochain meetup et sur reddit, on se reverra peut être, c'est une petite communauté. Ce qui est impressionnant, c'est que lors d'une transaction de personne à personne dans le monde réel, le processus est extrêmement fluide avec les appli smartphone. 3 clics et boum c'est bon. Easy as cash ! Je pars donc avec ma minuscule machine, et me prépare à miner n'importe quoi à l'aide de CryptoSwitcher et CoinChoose... peu importe le flacon, pourvu qu'on ait l'ivresse. TLDR: j'ai acheté un ASIC avec des bitcoin et ça s'est super bien passé.
At present there are seven companies that are promising delivery of litecoin scrypt ASIC miners in mid 2014: Fibonacci, Alpha Technology, Flower Technology, Mining ASICs Technologies B.V., Zeusminer, KnCMiner and Bliss Devices. Gridseed is shipping now but their products cost more per kH/sec than the competiton. ASIC miners for litecoin promise significant advantages in power consumption and hashing power compared to GPU miners. Do not discount the significant advantage in lower electricity costs promised by litecoin ASIC miners: for many the lower power costs add greatly to the bottom line, and make a miner much easier to live with. Other than Gridseed, Fibonacci is generally regarded as most likely to ship first judging from posts and history on the Litecoin and Bitcoin forums. The developer has stated Fibonacci expects to be able to sell hosted miners in July 2014 for immediate mining. Any of the miners can be used for all scrypt based coins. This is a significant advantage over bitcoin mining, as your miner can be easily switched to other scrypt coins if they happen to be more profitable than litecoin based on current % profitability shown at CoinChoose. The least expensive scrypt ASIC miner will be the Fibonacci 8650 kH/sec Recursion miner that will cost $400 paid with bitcoin or $346 paid with litecoin. The miner with the most hashing power will be the Fibonacci Epsilon hashing at 315 mH/sec for $12600. The second most powerful miner is the KnCMiner 250 mH/sec Titan at $9995. Both the Fibonacci and KnCMiner models offer $0.04 per kH/sec hashing power. Fibonacci has announced that CACHeCoin will also be accepted as payment for their scrypt ASIC miners. We expect CACHeCoin prices to soar once Fibonacci is selling miners, so smart investors will buy CACHeCoin now, then use to buy Fibonacci miners at a discount as CACHeCoin prices rise. At present CACHeCoin can only be bought at the Poloniex exchange (symbol: CACH) by exchanging bitcoin for CACHeCoin. For perspective, if you built your own 3 video card 2000 kH/sec GPU mining rig you could reasonable expect to pay $1500 for the video cards, power supply, motherboard, and other parts. Two Fibonacci Recursion miners would mine at 17300 kH/sec and cost $700 - $800, half the cost of building your own GPU mining rig while providing 8 times the hashing power. Don't forget power consumption of the Fibonacci miner would only be 10 watts versus 900 watts for the three card GPU rig. Preorders for the Fibonacci Scrypt ASIC Miners began Monday March 17. There will be a limit of 128 chips per buyer. There is still time to buy CACHeCoin if you want to get the best price, litecoin and bitcoin will also be accepted for payment. Act fast, the preorder should sell out quickly. KnCMiner has announced their own Titan litecoin miner hashing at 250 mH/sec and costing $9995. KnCMiner promises to ship the Titan Q2/Q3 of 2014. Another brand new company Bliss Devices just announced by website they will be shipping scrypt-N ASIC miners Q4 this year. Bliss Devices is claiming "Neon is the only hardware miner in the industry able to mine any Scrypt-based currencies. Our machines use configurable parameters, which among other benefits means that you can also use our machines to mine Scrypt-N coins such as Vertcoin, Emucoin, Execoin, and Pandacoin." Here is a breakdown of cost per kH/sec for the six miners from published specs: KnCMiner - $0.04 per kH/sec - available Q2/Q3 2014 per website Fibonacci - $0.04 per kH/sec - available July 2014 per developer Alpha Technology - $0.10 per kH/sec - available Q2/Q3 2014 per website Mining ASICs Technologies B.V. - $0.137 per kH/sec - available Q3/Q4 2014 per website Bliss Devices - $0.18 per kH/sec - available Q4 per website Flower Technology - $0.19 per kH/sec - available August 2014 per developer Zeusminer S-Flex 8mH/s - $0.28 per kH/sec - available Q2/Q3 per website Gridseed - $0.49 per kH/sec - shipping now If you missed getting in on the ground floor of ASIC mining for bitcoin you may want to buy ASIC miners for litecoin as soon as they are ready to ship. For more information you can visit the Fibonacci SCRYPT ASIC miner or Alpha Technology Litecoin ASIC miner and Flower Technology threads at the Litecoin Forum. You can also visit the Mining ASICs Technologies B.V. website for more information on this new company and read comments at this thread at the Litecoin Forum. Group Buys Another option to consider is to buy a share of a hosted litecoin miner. The most powerful announced litecoin miner is the new KnCMiner Titan 250 mH/sec scrypt ASIC miner for $9995. A trusted member of the Bitcoin Forum, waldohoover, has already setup a group buy for KnCMiner Titans. The group buy will entitle you to 1/20 of mining proceeds from one Titan litecoin miner for only 1.0 bitcoin, see CoiningSolutions.com KnCMiner Titan Shares for details. Shares will sell out quickly so don't delay if interested. Titan #1 and Titan #2 are already sold out but Titan #3 group buy is still open. The administrator of the Litecoin Forum has just opened a similar group buy for the Titan also with 20 shares available, see Carnth's KNC Titan group buy for details[/url]. If you would like to get in on the group buy just join the Litecoin Forum and send a PM to Carnth. Fibonacci website - https://fibonacci.io Alpha Technology website - https://alpha-t.net Flower Technology website - http://flowertechnology.com Mining ASICs Technologies B.V. website - http://www.mining-asics-technologies.com Zeusminer website - http://zeusminer.com KnCMiner website - https://www.kncminer.com/products/titan Bliss Devices website - http://blissdevices.com/ Gridseed website - http://gridseed.com or see the Gridseed thread at the Bitcoin Forum.
Making profit from Altcoins by means of this method ?
This is a little over 2 years ago , article , http://www.cryptobadger.com/2013/05/altcoin-explosion-profit/ But I believe the theory should still work today . Basically it's talking about how-to mine altcoins in short-term and still make profit from it. Please bare with me , I've only been researching mining digital coins for the past 3 days (almost non-stop) , and feel that I've made some good progress (in understanding all of this topic) , but still I have much more to learn. With that said I have the following important questions (I need help fully understanding correctly): (but before my questions, I'd recommend reading the above mentioned article, or you may simply see the following summary of the theory mentioned in said article:
Check CoinChoose often.
If an altcoin is significantly more profitable than litecoin, switch your miner(s) over to it by signing up for a mining pool that deals with that particular altcoin and pointing cgminer at it.
Sign up for Vircurex, Bter.com, or another cryptocurrency exchange.
Cashout from the altcoin mining pool directly into Vircurex (you can generate addresses within the “accounts” section of Vircurex for this purpose).
Trade the altcoin for bitcoin (or litecoin, or whatever you want) on Vircurex.
) Now onto my questions:
Taking as example, right now at this moment, Friday 28-08-2015 @ 2:06pm Eastern Time (US) .... Novacoin has (% profitability of BTC) equal to 25,918.69% , compared to Litecoin having (% profitability of BTC) equal to 15,954.03% ; of course Bitcoin has (% profitability of BTC) equal to 100% . Does this mean that if I start mining novacoin I would be generating significantly more (& faster) "digital-money" than otherwise mining (at this very moment) any other digital-currency (assume using same miner hardware & of course altcoins values are different across each other) ?
Taking as example #1 above and noting the theory mentioned above , if I were to attempt to make profit from mining the most profitable altcoin at any given time , to do so I would for each time the rankings of altcoins changes in the list seen at http://www.coinchoose.com/ , I would have to obtain a wallet specific to that altcoin I am going to mine & also join a mining pool specific to that altcoin , in order to proceed with mining that most profitiable altcoin using my miner device (& of course make the necessary changes, e.g. change from scrypt to sha-256 , or vice versa, & Etc.) ?
Since I am set on trying out this theory , and because I'd like to make the most money possible , for all of this to be worth my while , I must get a miner that is "ASIC" but that is capable of doing both "scrypt" & "sha-256" , and which has the highest possible speed available (I am thinking of a miner that has 1 TH/s) , are these points made here all correct (in this question #3) ?
Staying with the theme of fastest miner I can get (as stated in the above question #3) , should I expect that if I am mining a altcoin that is significantly less in value & less in dificulty , then I should be able with this miner significantly mine , significnatly several more coins than if I were to be mining bitcoin itself (of course understanding that from digital-currency to another digital-currency the vaules are different) ? And follow up question to this one, if mining an altcoin that is significantly less in value than bitcoin but still using the same miner device that I would use for bitcoin mining, namely the fast 1 TH/s speed miner, then mining solo that altcoin is as good or almost as good as mining in pool that altcoin (the same cannot be said about mining bitcoin, where you really must use a mining pool in order to be succesful) ?
A question about mining pools , I understand that it is a much of devices joining teams together to solve the algorithm , but in these pools is the work being broken up across the different devices so that no repetitive calculations are being done , or how exaclty does the work within a mining pool work-out-to-be (I would hope it's not a brute force job and that there is some form of efficiency going on in these mining pools) ?
CoinChoose is the go-to destination for everyone interested in cryptocurrencies and blockchain. We cover the latest industry news, crypto price action, and blockchain events. We feature the most innovative companies in the field and educational organizations leading the way for blockchain adoption. Team Red Miner 0.7.4 Addressing 4GB VRAM GPUs Support for Ethash; New XMRig 6.0.0-Beta Miner With KAWPOW Support for AMD and Nvidia GPUs; New SRBMiner-MULTI Miner 0.4.5 With Support for Epic Cash (EPIC) Bitmain Antminer T19 Bitcoin ASIC Now Up for Pre-Order; PhoenixMiner 5.0b Update Addressing Support for AMD Cards With 4GB VRAM RollerCoin is the first online bitcoin mining simulator game ☛ Start Playing Now! ☚ Earn real bitcoins while enjoying the game and competing with your friends. Get Bitcoin mining software on your computer. There are two different types - one which focuses on the CPU power and the other on GPU. The latter is much more powerful and much easier to set up for beginners.4. Go to your Bitcoin mining pool account and fill in your wallet address (the one which you just created).5. The Bitcoin ecosystem Crypto Mining involves you creating more digital coins using specialized hardwares and mining algorithms. We provide the hardware, electricity and technicality involved in creating this coins, you pay us to mine some coins for you, we pay you the mined coins with profit.
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