RE: KOINOS Mining, First Impression on it...
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I started my miner 2.5 hours ago, have set 12x per day Proof freq, it hovers between 8-9 MH/s, and already got 269 Koins, in 3 TX.
To bad, each ETH Tx was high gass, around $4.5 .
So unless in April 1 Koin sells for 1300:269= $0.048, I will be in a pure loss.
And here yet not included electricity and initial payment costs
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The one thing which is making ETH so annoying is the trx fees. If it gets past this, ETH might even be unstoppable. I remember giving around $40 for a single trx few weeks back!
While I hope KOIN becomes as valuable as it is claiming to be so that nobody really faces a loss. Besides, I wanted to try out MINING in my PC and got to experience it. Let's see how it really turns out once we get hold on our KOIN's.
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You will be paying roughly $35 in Ethereum mining fees (even with $3 fees) with that configuration. Why don't you set yours to once a week?
The fact is, I will not be able to keep my pc awake 24/7 with all the issue of electricity and other things. But the fact is still there if any error happens lets say on the e 6th day, all my 6 days effort will be done for. I think that's how it works, once sth error happens I loose the hashes and need to restart again(correct me if I am wrong though).
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I wont say you're wrong but I wonder. Is it constantly saving these hashes as it goes or does it keep it in memory for the seven days? To me it is a question to investigate. I am going to look at the source code and see or we could ask @andrarchy.