Zcash - any STHers Mining?

[MiniKnight]

Got a server installed 5 days early so I figured, why not go try Zcash CPU mining. Power in the DC is fine and I want to do something as a bit of burn-in

Is anyone on here doing Zcash mining? If so, what pool are you using?

Fun thing to let run over the weekend.

 

[Patrick]

Took me awhile but I did get it online. 236 Sols/s on the first machine.

I am using NiceHash since it was easy. I still do not know how to move my wallet

 

[gigatexal]

That on the GPU?

 

[Patrick]

@gigatexal CPU

 

[Patrick]

This might be the fastest I have ever seen a CPU machine go.

 

[gigatexal]

hmm ... time to get my 2670s (doing nothing) to mine why not

 

[RandyC]

What is the appeal of this over other crypto currency?

 

[Patrick]

What is the appeal of this over other crypto currency?

CPU mining is still fairly efficient and it got a lot of money from VCs.

 

[marcoi]

What's the power to payout ratio? Ie does cashing out vc pay for electricity plus make a profit?

 

[Patrick]

What's the power to payout ratio? Ie does cashing out vc pay for electricity plus make a profit?

I do not think it does just yet. I think we are still a month from full zcash payouts so it does not just yet. On the flip side, this in a Docker container would be really interesting if you had machines that sat idle over a weekend in a datacenter with unused capacity and power. If you pay on a metered data center contract perhaps less so but if you are paying on a per-circuit pricing it would be useful. The quad system is running above the per-amp cost of electricity in Sunnyvale, CA but it is not too profitable when buying hardware as well.

 

[gigatexal]

Also this will have the same uptick in difficulty as bitcoin had?

I am going to get a bunch of containers going with this as my setup is idle most of the day

 

[Patrick]

I would guess so. Looks like it is still in slow start mode Zcash - User Expectations at Sprout Pt. 1: Slow-Start Mining & Mining Ecosystem

 

[gigatexal]

Maybe we could get a STH pool going and pool our efforts?

 

[Patrick]

Maybe we could get a STH pool going and pool our efforts?

That may work well one day. I am only at a bit over 0.5k Sols and I think we need around 100k to make a pool big enough to be worthwhile.

 

[Patrick]

Well @gigatexal looks like ZTC pricing is down to the point it costs more than electricity. Still it is a fun proof of concept to get working.

 

[marcoi]

thats the bummer part about mining. I remember a few years back i was able to pay for two new video cards mining during the BTC boom. I would love it if mining covered the cost of electricity and paid enough to buy more hardware (for the great deal and for sale forums haha).

 

[Patrick]

thats the bummer part about mining. I remember a few years back i was able to pay for two new video cards mining during the BTC boom. I would love it if mining covered the cost of electricity and paid enough to buy more hardware (for the great deal and for sale forums haha).

I had a few BTC rigs many years ago when BTC was worth single-digit dollars each and the Radeon 5000 series was still very good.

I ended up selling BTC to cover the cost of equipment but had I held until BTC crossed $400 it would have covered a car.

 

[marcoi]

i hear you, if only we knew ahead of time.

 

[MiniKnight]

Rate going down sucks. But here's the thing. I made over $20 this weekend, cashed out to PP and I'll be having a free beer + nachos watching the Giants game tonight. If I hadn't fired this up, I'd not have made the cash. I'll see how next weekend goes. I'm feeling like I'll need to dockerize this but the existing ones on the registry have me nervous to use.

 

[gigatexal]

could someone point me in the direction of a noob-friendly guide? I haven't been into coins in a long time and I have really no clue as to how to get a wallet going, where to put it, though i think I could figure out how to start mining - but you can't really do that without a wallet right?