Multicoin pools: Coinotron - Pay Per Share: 12% fee, round-based Pay Per Share: 2%; Give Me COINS - 1% fee, PPLNS: 30 confirmations payment system; Multipool.us - 1.5% fee, Pay Per Share; SecurePayment CC - Get 96% of the block reward. Sign up with the pool Follow the instructions on the pool's website. Two things to consider: does the miner come with a power supply and does it have a built in controller. I mine just as a hobby, I have a Rockminer 35GHs hooked up to my Raspberry Pi which is a dedicated full Peercoin node. I get about 5 PPC a month. I calculated how much I would have been willing to. This solo mining tutorial will demonstrate how to solo mine peercoin on easy mining pool. Bitcoin Gold BTG Mining Price Calculator on this page.

LINKS: - - - - - Welcome to! Pure security using only for fair distribution of wealth. If you are looking for a return on your investment using the current valuation of a PPC (or BTC for that matter), you'll be hard pressed to get it. My rough calculations, based on my own experiences, work out to about 0.11 PPC per GH/s. Coinwarz's calculator shows just about the same (0.108 PPC) For example, I'm running ~190GH/s in the D7 mining pool and that's netting me about 20 PPC per day at the current difficulty. To make back the initial $5k investment, it will take me 50 days of consistent production at today's rate. However, if difficulty continues to rise, that '50 days' will get stretched out as my daily production decreases accordingly.

Register new account. This Agreement governs your use of Ecoining Peercoin. Users are responsible for configuring their miners so that they will. Connect to this mining pool using your Peercoin address as the username to 'solo mine' for 97% the block reward. You can use any SHA256 miner: CG Miner, BGF Miner. Cgminer.exe -o stratum+tcp://ppcoin.securepayment.cc:3357 -u WALLET -p ANYTHING; bfgminer.exe -o.

If, on the other hand, you are looking at the future, and believe that PPC has a chance to go up significantly in value, then the cost I put out for the mining hardware may have ended up paying for itself in a single day of mining, and everything else is gravy and essentially pure profit. Should you still be interested in going forward, it's best to start by considering how much money you feel you can risk, and then look for a vendor that can meet it. KNCMiner's 'Neptune' rig (running at >3TH/s) is probably the more likely to provide for an ROI, but it will set you back $13k, today, and won't be delivered for a number of months: KNC's earlier models (Saturn, Jupiter), Butterfly Labs (Singles, Little Singles and Jalapenos), and ASICMiner (Block Erupters, Blades and Cubes) are all available through EBay, if you want something in hand right now. Unfortunately, if you want it today, you'll pay a premium for it.

I'm happy to follow-up if you've got any questions, so let me know. This is something I call 'the miner's paradox': for a given equipment cost it's almost always better to buy the equivalent number of coins at the outset rather than invest in hardware.

This of course implies that nobody should mine and everyone should just buy coins. Which is a paradox because the currency would not be able to exist without any miners. In an extreme example, a colleague bought 4 butterfly labs rigs (paid in Bitcoin) several months ago at 3k apiece. He now has a total of 2btc and is 1/6 of the way to covering his initial investment. Had he held the coins instead, (they were between $100 and $200 at the time) he'd have 10x ROI.

So ROI doesn't seem to be the primary motivator for mining. Without miners, there is no currency, so mining is kind of a proof of stake in and of itself. But I can't wrap my head around the paradox.

It depends on how you look at it. I've bought a lot more coins than I've mined, because I knew that it would be easier to do it that way. Personally, I like having a couple miners in play because they make me feel like I'm part of the 'game.' It's actually a bit irrational, but there's something about supporting the network security, and mining coins, that appeals to me. Your situation may vary -- I'm, at the core, someone who likes technology, and it's a nice feeling to go down to my basement and see the mining units humming away.

On the other hand, if I had not already bought in with PPC, and I was starting from zero, I'd buy first, mine second.

LINKS: - - - - - Welcome to! Pure security using only for fair distribution of wealth. If you are looking for a return on your investment using the current valuation of a PPC (or BTC for that matter), you'll be hard pressed to get it.

My rough calculations, based on my own experiences, work out to about 0.11 PPC per GH/s. Coinwarz's calculator shows just about the same (0.108 PPC) For example, I'm running ~190GH/s in the D7 mining pool and that's netting me about 20 PPC per day at the current difficulty. To make back the initial $5k investment, it will take me 50 days of consistent production at today's rate. However, if difficulty continues to rise, that '50 days' will get stretched out as my daily production decreases accordingly. If, on the other hand, you are looking at the future, and believe that PPC has a chance to go up significantly in value, then the cost I put out for the mining hardware may have ended up paying for itself in a single day of mining, and everything else is gravy and essentially pure profit. Should you still be interested in going forward, it's best to start by considering how much money you feel you can risk, and then look for a vendor that can meet it. KNCMiner's 'Neptune' rig (running at >3TH/s) is probably the more likely to provide for an ROI, but it will set you back $13k, today, and won't be delivered for a number of months: KNC's earlier models (Saturn, Jupiter), Butterfly Labs (Singles, Little Singles and Jalapenos), and ASICMiner (Block Erupters, Blades and Cubes) are all available through EBay, if you want something in hand right now.

Unfortunately, if you want it today, you'll pay a premium for it. I'm happy to follow-up if you've got any questions, so let me know. This is something I call 'the miner's paradox': for a given equipment cost it's almost always better to buy the equivalent number of coins at the outset rather than invest in hardware. This of course implies that nobody should mine and everyone should just buy coins.

Which is a paradox because the currency would not be able to exist without any miners. In an extreme example, a colleague bought 4 butterfly labs rigs (paid in Bitcoin) several months ago at 3k apiece. He now has a total of 2btc and is 1/6 of the way to covering his initial investment. Had he held the coins instead, (they were between $100 and $200 at the time) he'd have 10x ROI. So ROI doesn't seem to be the primary motivator for mining. Without miners, there is no currency, so mining is kind of a proof of stake in and of itself. But I can't wrap my head around the paradox.

It depends on how you look at it. I've bought a lot more coins than I've mined, because I knew that it would be easier to do it that way. Personally, I like having a couple miners in play because they make me feel like I'm part of the 'game.' It's actually a bit irrational, but there's something about supporting the network security, and mining coins, that appeals to me. Your situation may vary -- I'm, at the core, someone who likes technology, and it's a nice feeling to go down to my basement and see the mining units humming away. On the other hand, if I had not already bought in with PPC, and I was starting from zero, I'd buy first, mine second.