How to Calculate Mining Profitability

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For people who want to help further the field of mathematics, Primecoin offers good incentives. If you would like to earn in digital currency, for your efforts toward helping mathematicians solve some intricate puzzles, then you might want to join the Primecoin platform. The platform offers XPM coins for finding rare prime numbers. This might also an enjoyable route for users, who would like to take the research further, while also dabbling in mathematics.

Primecoin offers a proof of work mining process. Users can start mining prime coin with the help of the blockchain. They can use their own computers or utilize the services of a cloud-based mining tool. The mining will help create chains of prime numbers, something that mathematics find useful. The promoters believe that this makes the coins more energy efficient, as the mining process also generates real value in form of data.

This makes the Primecoin more reliable and prevents value reduction over time. The users primecoin hardware calculator download the Primecoin wallet to their computer or used a cloud-based system. Primecoin also offers strong security. The supply of the coins has been limited to prevent devaluation. Another reason users might want to invest in the Primecoin is that transaction speeds primecoin hardware calculator many times higher than other currencies.

Primecoin hardware calculator the power of their CPU, users can mine coins. The CPU will be used to run code and look for specific type of prime numbers. For users who want to contribute to science, the chance to use Primecoin is a reward. Additionally, it allows users to use their computers to mine the Primecoin. The mining process also generates scientific data, something that carries real-world value.

Thus, there is less risk to your investment. In fact, the initiatives have brought good returns, as the users have been able to find rare numbers and broken world records. The supply of Primecoin is tightly controlled to further reduced fluctuations in price. Users who sign up now can earn bonuses simply for joining the initiative. There is plenty of support from the community, so users can guide each other. The coin is sold on the most reliable exchanges, so you can buy them easily if you are an investor.

Whether you are new to science but want to learn primecoin hardware calculator or contribute to science, or you are a scholar that is excited about the potential for new discoveries, Primecoin offers great benefits. For investors, the real world value offered by the coin, the steady value, makes the currency a safe investment.

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Process of Primecoin The users can download the Primecoin wallet to their computer or used a cloud-based system. Benefits of Primecoin For users who want to contribute to science, the chance to use Primecoin is a reward. Digital currencies have, to a great extent, changed the Read More. June A new industry's primecoin hardware calculator rate is relative primecoin hardware calculator the scam rate. Definitely, as soon as the business develops, tricks and misrepresentation in that area Read More.

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With primecoin GPU miners finally being released, I am hoping for a surge in the popularity of this coin. I think I am going to get a couple cards mining this. If I break even I will consider it worthwhile because it is a more innovative coin and deserves to be one of the better alts. I will post any results here. I see what they did there: I assume it's becasue you need a license no? Or is it just my internet again? I reserved a couple miners, but I am really having second thoughts.

My 's are in two different rigs that are headless and I don't really want the hassle of maintaining multiple miners on remote machines.

Plus I don't know if I will ever earn back what they are charging for the miner. I think I am going to wait. I think that they will have to drop the price to sell many more. I wonder if they licensed ivan for a machine or each individual card as well. I am also curious to watch the difficulty. I am aiming to break even on my initial investment, but hoping for more. I am not sure it is going to happen, but we shall see.

I will update with results and numbers. I am going to try it on x's because that is most convenient for me. I just checked and have already found a block. I hope I can get my initial purchase back before difficulty goes over Well if it keeps this up you should. Nice to see a GPU miner finally, but I'm not sure it's worth it for the smaller guys. Might take a while to ROI. I thought I posted about it, but I guess my phone ate it.

There is a ypool primeminer if anyone wants to try it. It was just announced today I think. There is discussion around page 20 of this thread. The primegpu guys are giving partial refunds and lowering the price for this to 35xpm. Also purchase limit is removed. Looks like the big farms may get in on it. Watch for raising difficulty. Here is the mega link for it.

Doesn't sound better than any other coin at the current value. I guess if people start mining maybe the value will go up and those that got in at 1. You'd need cards per rig for best results, or a few rigs pointed to one wallet as the server. The ypool version is free I think. For x the I got a couple blocks today, but one is strange. It had a Also it wasn't a 10 chain.

Primecoin client says it has blocks until confirmation, so it does have some confirms. Will it reject it after the blocks confirmation or do they usually show up as reject before that? It was strange that it mined right as I restarted the client Hmmm, might be an orphan Spotted your user at btctalk: I thought you would have figured that out already, though, I never did come right out with it.

I like solo mining, so I'm sticking to that Are you still running this on the free license you got Ivan? I still need to find 2 blocks before I have earned back my purchase price, but blocks have come well the last 24 hrs. So I am probably still behind if you count what I would have earned mining elsewhere for the last few days.

Hopefully a x improvement will come soon. Put'er back in, you are essentially solo mining XPM with that miner. Yes you are solo mining. I would run the for xpm. The miner is tuned for the When solo mining you have to wait longer for blocks, but the payout is a whole block, which is about 9 xpm.

Did you pay for the license, and how many GPUs did you pay to run? It covers one gpu, you can change it to the x for free, just create a new hardware ID and send it to the developer. I'd reccomend mining with both cards to find blocks, otherwise it'll take much longer with just one Then run it, and run the prime-gpu client. Let it mine for a while, and check the Block counter in the server.

I'd reccomend getting a second license for the x and mining like that, otherwise solo mining will be slow. Ok, the devs are working on a private pool for guys like you. Ask them to renew the license based on the new hardware ID you'll get when you run the x. It's a LOT faster at xpm with this miner. I have more than recovered the cost of the miner, as long as all of my mined blocks mature.

I think that profitability will be ok for this, though difficulty is rising. I got 37 xpm after 4 days mining with 2 cards and never even mined for more than 16hs straight. Just have the primecoin. Wait for a block and that's about it. First time you run it it'll generate a username and pw for the primecoin. I used that one, not sure if necessary though.

You can check the balance without closing the miner using "primecoind listtransactions" or "primecoind getbalance" using command prompt. I think, by memory. Supercomputing, another more well known dev has an nvidia miner already and will release his by the 1st of July.

Solo will earn just as much as pool, you just have to make sure it is running right. On solo you will earn a block at a time, which is about 9xpm. It's worth it though, rewards are much larger than a pool. You have a x no? I'd solo with it. I think you should find about one block per day with a single x, but it will go down as difficulty goes up.

Ihavent found one today either. I have 3 x running it. It all averages out when on solo though, you are relying on luck, but luck should even out if you do it long enough. What is your cpd and time numbers at? Found 2 ch today, one block last night, and four blocks before that in 3 or 4 days. Will probably find one or two in a few hours.

Give it time, it might take a few more hours, but if you mine for a week non stop you'll probably get at least blocks. I looked at a calculator the other day, I think it said that Where did i see the calculator for profitability? Total xpm so far: I assume you are holding planning for xpm to go up?

That's pretty decent overall quick math 72x0. Yup, something like that I sold a few coins since I needed money for the rent, but the rest I'm holding, same as my vtc and some doge. You can try cpuusage from 1 to Overclocking my once pitiful i to 3. Yeah, no cpu coins out there Not sure if it is just a luck thing, but I seem to be getting better results with 8 CPU usage instead of 9.