Posts Tagged ‘Protoshare mining’

Protoshare GPU Mining Profitability Versus LTC Mining

1, Feb 2014

1gh-pts-mining-pool-gpu

The last 24 hours we tested mining Protoshares at the 1GH PTS mining pool using their GPU miner along with a single AMD R9 Radeon 280X graphics card to see what we can expect in terms of mined PTS and check the profitability if PTS mining with GPU versus LTC mining with GPU. With the difficulty of the Litecoin going back higher and the increase of the price of the Protoshares lately with the boom of GPU mining it is interesting to see what is more profitable to mine with your graphics cards.

The current Litecoin difficulty of 3300 ensures that with a single graphics card such as the Radeon 280X that we’ve used you are going to be mining about 0.2195 LTC per day. That is the earnings if you are directly mining LTC and not mining alternative cryptos that you then trade for LTC giving you higher profit.

The two CPUs we’ve used for mining are:
– AMD R9 Radeon 280X graphics card running at 1050/1500 clocks

The 1GH pool we used for PTS mining has:
– 3.5% fee

The total earnings for 24 hour period (confirmed + unconfirmed):
– 0.5229 PTS

The value of the Protoshares mined for 24 hours is as follows:
– 0.00799201 BTC
– 0.29450000 LTC
– ~$6.46 USD

So while there is not much point in mining Protoshares (PTS) with CPU anymore, there is a good point in mining for Protoshares instead of directly mining for Litecoin as this will give you slightly higher profitability if you exchange the mined PTS for LTC. Judging from our results you cans ay that at the moment GPU mining Protoshares you can earn about 34% more than mining with the same graphics hardware for Litecoins. So if you are interested in PTS mining, we do recommend you to give it a try at the 1GH PTS pool with a single GPU to see if you are going to be happy with the result you will get.

Protoshare Mining Test at 1GH PTS Mining Pool

31, Jan 2014

1gh-pts-mining-profitability

After trying out PTS mining at ypool we have also decided to try out another Protoshares mining pool with CPU mining to see if we are going to get better results with the Round-Based Pay Per Share (RBPPS) payment system and the lower 3.5% fee that the 1GH PTS mining pool has. We’ve been testing the pool with GPU miners lately, however for the last 24 hours we tested only with CPU miners to see what profit we are going to get.

The two CPUs we’ve used for mining are:
– Intel Core i5 2500K Quad Core 3.3 GHz
– AMD Phenom II X6 1100T Six Core 3.3 GHz

The 1GH pool we used for PTS mining has:
– 3.5% fee

The total earnings for 24 hour period (confirmed + unconfirmed):
– 0.1169 PTS

The value of the Protoshares mined for 24 hours is as follows:
– 0.00173806 BTC
– ~$1.38 USD

The profit we got from the 1GH PTS mining pool was a bit higher than the one we’ve managed to get for 24 hours at ypool, however the difference in USD is also affected by the BTC/USD and PTS/BTC exchange rates. What is clear however is the fact that there is not much point in mining Protoshares (PTS) with CPU at the moment, if you plan on mining Protoshares then you need to think about going for GPU mining. The 1GH Protoshares mining pool has a very good performing GPU miner that works on both AMD graphics and Nvidia graphics very well. Furthermore the 1GH pool has another advantage over ypool and that s the fact that this pool sends automatically your earnings as long as they are over 0.1 PTS confirmed and in ypool the minimum is 1 PTS.

Real world example with Protoshare (PTS) mining

25, Jan 2014

protoshares-ypool-cpu-mining

Here is our real world 24 hour test with mining Protoshare (PTS) with CPU only in order to get an idea what profitability you can expect with the current market price for PTS. We’ve used two CPUs – one AMD and one Intel on systems that already mine Scrypt coins with video cards the idea to not waste the CPU performance we have available since Scrypt mining with GPUs does not require a lot of processor power.

The two CPUs we’ve used for mining are:
– Intel Core i5 2500K Quad Core 3.3 GHz
– AMD Phenom II X6 1100T Six Core 3.3 GHz

The pool we used for PTS mining is ypool:
– 5% fee

The total earnings for 24 hour period (confirmed + unconfirmed):
– 0.10423418 PTS

The value of the Protoshares mined for 24 hours is as follows:
– 0.00138917 BTC
– ~$1.10 USD

The end result is quite interesting as the profitability we got in USD is pretty much the same as the one we’ve managed to get in our Primecoin (XPM) mining test for 24 hours with the same CPU hardware. A bit over a dollar a day pretty much covers the extra increase in power usage, so the real profit minus the expenses is minimal. But there seems to be GPU miners already available for PTS, so the next thing is to try out these and see if it is worth to mine PTS on the GPU or there is no point since scrypt mining on the GPU will be more profitable.


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