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CUDACoin Effective Nvidia CUDA Mining Finally Here. Protoshares Update Could Signal the End of AMD M

Discussion in 'Graphics Cards' started by Boomstick777, Jan 26, 2014.

  1. Boomstick777

    Capodecina

    Joined: Jan 2, 2012

    Posts: 10,303

    Location: UK.

    [​IMG]

    http://wccftech.com/protoshares-update-effective-cuda-mining/
     
  2. Hotwired

    Mobster

    Joined: Aug 17, 2009

    Posts: 4,337

    Location: Plymouth

    Wonder if it's crossed the minds of Nvidias marketing department that it would probably be cost effective regarding increased sales to slip someone a few grand to create cryptocurrencies deliberately gimped for AMD cards :)
     
  3. humbug

    Capodecina

    Joined: Mar 17, 2012

    Posts: 21,820

    CUDAcoin has to gain some value for it to be viable let alone "End of AMD Mining Monopoly"

    CryptoCoin is very well established, its even recognised as a legitimate financial service, an increasing number of retailers are accepting it as currency.

    The odds are stacked against it, CryptoCoin miners know that.
     
  4. Gregster

    Caporegime

    Joined: Sep 24, 2008

    Posts: 34,776

    Location: Essex innit!

    I have no interest in this, as my computer was built to game but good to see nVidia users can earrn some sheckles. Cuda FTW!!!
     
  5. Marine-RX179

    Capodecina

    Joined: Feb 6, 2010

    Posts: 13,277

    To be honest, I myself not bother going with the whole mining thing. As just a PC user and gamer myself, I really do not wish external factors like these driving up the prices of the graphic cards...
     
  6. andybird123

    Sgarrista

    Joined: Nov 30, 2011

    Posts: 9,146

    Location: Basingstoke

    What nonsense, theres already bitcoin, litecoin, dogecoin, and a host of others, there is absolutely no reason why a new one wont be viable

    The word CryptoCoin means nothing in itself as there are a dozen or more types of CryptoCoin already, with bitcoin just being the most well known and correspondingly the most difficult to mine (e.g. Pointless to mine with any gpu)
     
  7. Silent_Scone

    Capodecina

    Joined: Sep 5, 2011

    Posts: 10,409

    Location: Surrey

    Double P
     
  8. Silent_Scone

    Capodecina

    Joined: Sep 5, 2011

    Posts: 10,409

    Location: Surrey

    Oh lord now these penny pinching stay at home pocket money farmers will have more stock to nab.

    On the down side they might not want to as they'll have to put the central heating back on....
     
  9. esoteric

    Wise Guy

    Joined: Aug 5, 2004

    Posts: 1,585

    I hope it gets a good client then, because I tried Mining last year and couldn't get started, and the easy 123 abc set up on the clients were for AMD.
     
  10. ndaar

    Wise Guy

    Joined: Nov 18, 2009

    Posts: 1,178

    Location: Plymouth

    Never tried mining. Its nice that AMD will lose its monopoly, although it might drive Nvidia prices up if it takes off.

    Ultimately I am sure that the craze will probably die within a few years.
     
  11. 233

    Capodecina

    Joined: Nov 21, 2004

    Posts: 11,800

    Location: Glasgow



    :D:D
     
  12. pandem0nium

    Wise Guy

    Joined: Dec 5, 2010

    Posts: 1,755

    Location: Solihull

    For this to be viable, a coin using that algorithm has to be worth something. It'll be difficult to get started in a sea of new short lived alt coins.

    it's all about the Doge at the moment, I think it will only become more popular and increase in value.
     
  13. pgi947

    Capodecina

    Joined: Jun 25, 2011

    Posts: 16,105

    Location: Aberdeen

    I got the idea from the link in the op that these coins were already established and remain largely untouched as up until this new script was created, only cpus could take advantage of it?
     
  14. drunkenmaster

    Caporegime

    Joined: Oct 18, 2002

    Posts: 30,918

    Dozens of scrypt based coins are worthless, most of the market is based on speculation, you can't easily speculate on a low value, low mined coin so it will likely not gain traction. Considering the choice now between buying a 780gtx and getting a small amount of boost from a coin that is worth nothing, and getting a huge boost by buying a AMD gpu so you can mine a coin that is already worth something, where will the buyers go? It's a simple choice.

    Look at the numbers they said, 12 cpu cores 430, a gpu 900 for that particular coin.

    A current hexcore intel chip will get 50kh/s or so, while a 290x can get 950+ kh/s, an almost 20x speed up for a coin that has value that will pay off the hardware you buy.

    Spending an even higher price, for a magnitude less in speed up 2x vs 20x, for a single coin that has no current value, that can't make certain of hardware payback let alone profit? Who is going to spend enough to make enough huge farms to pump enough value into the coin that it may possible become popular... the answer is no one.

    Coins are gaining real value when they get HUGE support from the community, the ones that get little to no support and little to no mining to no where at all.
     
  15. pgi947

    Capodecina

    Joined: Jun 25, 2011

    Posts: 16,105

    Location: Aberdeen

    Won't support die off as soon as they get near impossible for the majority to mine? End up getting users to look outside of bc/lc/dc?

    Its not something that interests me a great deal anyhow, if I want some extra cash I'll just do some extra hours at work, probably less effort too :D

    My only interests stem from associated hardware price hikes.
     
  16. setter

    Don

    Joined: Dec 14, 2005

    Posts: 28,160

    Location: armoy, n. ireland

    And at least at work, you actually make some money. The amount of power used when running theese various mining setups bound to cost a fair chunk. Id be concerned about price hikes as well, particularly when you see the prices that amd cards are going for at present.
     
  17. Ragnahex

    Hitman

    Joined: Oct 8, 2013

    Posts: 903

    price hike from nvidia??? never!
     
  18. Orangey

    Sgarrista

    Joined: Aug 22, 2008

    Posts: 8,289

    the jelly is strong with this one
     
  19. Stas823

    Wise Guy

    Joined: Mar 7, 2012

    Posts: 1,092

    Location: In a house

    Does ocuk accept any crypto currencies, does steam, do supermarkets? No. Ah well.
     
  20. andybird123

    Sgarrista

    Joined: Nov 30, 2011

    Posts: 9,146

    Location: Basingstoke

    The point of the alternative coins is that they are easy to mine, you can then easily convert them, if you can mine them quickly they gain popularity and the value goes up, you can then convert them to Bitcoins and realise a better value than the coin you actually mined in the first place

    Memory coin has a high wattage cost to mine and consequently has a higher current value than most of the scrypt coins, gaining popularity from nvidia card owners now able to mine effectively could push it higher as the network difficulty also increases (so the earlier you get in the better your return will be)

    basically all of the smaller coins are like a ponzi scheme, the sooner you get in and making sure you cash out before it all falls over the better
     


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