Some Results from Trading with the Haasonline Automated Trading Bot

16 Mar
2014

haasonline-automated-trading-bots-in-action

We’ve been playing around and experimenting with the Haasonline Automated Trading Bot software and above you can see an example of how our testing is going on. We have 8 bots currently setup and actively trading and though there are some trades executed with slight loss they are generally making profit. The total profit may seem low, but we are still testing with low trading amounts, so it is normal that when you subtract the trading feed the generated profit from just a few trades is not that high. We are using small amounts from different currencies and with different exchanges in order to see what works better. If you have missed our First Impressions from the Haasonline Automated Trading Bot, then you might want to check it out first in order to have a better idea what are we talking about here.

A good advice is to look for crypto currencies that have larger trade volume and not a steady exchange rate, you cannot make a profit when the exchange is a flat line. Another helpful thing is to trade on the CEX.io exchange, but instead of trading GHS there you can trade the LTC/BTC and NMC/BTC pairs. The good thing about that particular exchange is that there are no fees for trading, so as long as you buy cheaper than you sell you are generating profit. Trading GHS/BTC there with an automated bot may not be that good of an idea as it is riskier, but if you manage to configure a good automated trading bot, then you might end up making some nice profit. The other exchange we are testing a lot at is Cryptsy, because there are quite a lot of alternative crypto currency pairs to play with. However not all have large volumes or even if they do, many of them have a steady exchange rate that may be good for the miners, but not so good for the traders willing to make some profit from trading.

– For more information about the Haasonline Automated Trading Bot for crypto currencies…

ECCoin (ECC) Scrypt based cryptocoin

16 Mar
2014

eccoin-scrypt-crypto

ECCoin is an energy saving coin generating most of its coins through PoS blocks. It distributes its initial coins through 45 days evenly distributed PoW mining, no halves during the initial distribution phase, thus ensures a fair distribution. After initial distribution, the PoW block payout will be dropped to 1 coin per block. The main coin generation will be done through the PoS generations. ECCoin also adopts a variable PoS rate with the following annual interest rate: Year 1: 25%, Year 2: 15%, Year 3-9: 10%, Starting Year 10, it will have an annual PoS interest of 1%.

Website
– http://www.eccoin.cc/

Block Explorer / Crawler
– http://explorer.eccoin.cc/

SPECIFICATIONS

  • Scrypt Algo
  • Pow/Pos
  • Total Coins: 50 Billion
  • Block time target: 45 seconds
  • Difficulty retarget each block
  • 4 transaction confirmations
  • 50 minted block confirmations
  • Random 100000 – 300000 coins per block for the first 45 days evenly distribution

DOWNLOADS
– Windows

Source Code
– at GitHub

PORTS

  • RPC Port: 19119
  • P2P Port: 19118

POOLS
http://ecc.poolest.com/
http://ecchouse.com/
http://ecc.cloudminers.net/
http://ecc.bondni.com/
http://ecc.coins4everyone.com/
http://ecc.sumpool.com/
http://ecc.hashfever.com/
http://ecc.poolprefecture.com/
http://ecc.cryptopool.eu/
http://ecc.okaypool.com/
http://ecc.novahash.org/

EXCHANGES
– AskCoin

New Gridseed 19.2 MHS Scrypt and 520 GHS SHA-256 Dual Mode ASIC Might be Coming

16 Mar
2014

gridseed-new-19-mhs-asic-miner

We got a tip from a reader that a new dual mining mode ASIC device based on Gridseed chips might be coming out soon. The device is supposedly capable of providing up to 19.2 MHS Scrypt and 520GHS SHA-256 is listed for with a price of $12888 USD on a Chinese online store and is being sold by a company called EastShore Trade. This is a pre-order and they claim the miner will be available “at the end of March”. The photo above of the actual miner does look Ok, though the photo itself and the claimed specifications do rise some doubts, so you should treat this information with caution for the moment!

This miner is apparently composed of 4 blades (only one blade shown on the photo or all 4 blades together?), each blade can mine at a speed of 130 GH/s for SHA-256 mining and 4.8 MH/s for Scrypt mining. So, the miner can mining at a speed of 520 GH/s for SHA256 mining and 19.2 MH/s for Scrypt mining in total. The total power consumption claimed is just 800W for the four blades and the power supply is apparently a part of the miner according to the information. The miner on the photo does remind us a lot in terms of design to the AntMiner S1 and the device apparently also comes with a LAN port, so it would be independent of a computer.

19.2 MH/s worth of Scrypt mining hashrate is achievable by using a total of 64×5 Gridchip GC3355 processors or a total of 320 chips providing 300 KHS each. With the total power usage of a non-overclocked 5-chip ASIC of about 5W we should be getting about 320W for Scrypt only mining mode if the calculation is correct. The problem comes with the SHA-256 mining part, with a 5-chip solutions needing roughly about 50W in BTC mining mode this would result in 3200W power consumption for the SHA-256 mining only or a total of 3500W without overclock for Dual Mining mode. So how come we see claimed 800W for the device, this could neither be the Scrypt only power usage, neither a single blade one (4 blades shod total in 3200W). And integrating a 3200W or 3500W power supply in a miner so small does not seem very believable (again is the photo of a single blade or of the 4 blades?). So do not be in a hurry with pre-orders at least until there is more clear information about this upcoming ASIC!

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