fuzzy@anonymized.invalid
Best of luck with your business 
One request can you remove the mention or Rpool from the thread please as a number of users have reported not getting any payout for actual shares submitted and the OP never returned to the forum to answer / resolve.
Many thanks and hope everyone likes your advert… first image advert on peercointalk!!
Fuzzybear
Two cores from an E5420, E5520, or E5620 is not going to mine more than $28 dollars worth of Primecoins a month. This isn’t profitable. If it was then they would show benchmarks and stats to prove it (that weren’t made up). Just to give you an idea of the processors they are using the E5420 was released in 2007 and only runs at 2.5ghz. That’s 7 years ago.
If you could mine Primecoins on one of these services and make a profit, why wouldn’t the service provider just mine instead of just resale the servers for less profit?
This is just going to turn out like the other Primecoin VPSes where they are obscure about the performance so you can’t tell if it is profitable until after you have already paid them. Then when you want a refund they will disappear off the face of the planet.
They post this same info on the Bitcoin forums and I made a response there so I will post it here also.
My response on Bitcoin Forum:
[i]Hello PrimeCores,
I registered an account on your site for service and came across this thread while looking for more information on your service. I understand that your service is brand new to the community, since beginning of the year? AFAIK. With that said, I have a few questions that your FAQ does not answer on your site.
-- Have you had a good response with regards to registering users?
-- How many primespersec do your cores yield?
-- Do you plan on providing services for other CPU mined coins like DataCoin and Protoshares?
Any information regarding those questions is wonderful and extra info regarding your service and experience in this new business model is welcomed.
[/i]
Based off of some of the posts here some of my hesitaion about actually signing up have already been pointed out, see below.
[quote=“okzx, post:3, topic:2000”]Two cores from an E5420, E5520, or E5620 is not going to mine more than $28 dollars worth of Primecoins a month. This isn’t profitable. If it was then they would show benchmarks and stats to prove it (that weren’t made up). Just to give you an idea of the processors they are using the E5420 was released in 2007 and only runs at 2.5ghz. That’s 7 years ago.
If you could mine Primecoins on one of these services and make a profit, why wouldn’t the service provider just mine instead of just resale the servers for less profit?
This is just going to turn out like the other Primecoin VPSes where they are obscure about the performance so you can’t tell if it is profitable until after you have already paid them. Then when you want a refund they will disappear off the face of the planet.[/quote]
At any rate I am still interested to see if they will respond with the actual primespersec stats for their cores, but I am doubtful that they will reveal this information.
Cheers,
E
Hello,
Sorry for the late response to these questions, it’s been a busy week! Well, some of the questions I can’t answer for confidentiality reasons.
How many registered users do we have is confidential until some undisclosed time in the future we may or may not make that number available. For now you can assume we are pioneers in a new space and the numbers are not huge. However, we have had enough registered users to take this model seriously.
How many primes per second do the cores get? We’ll we’ve got millions of log entries were sorting through so we’ll be giving accurate answers to our customers before we post them on the internet. However, here is the output of one of our cores from a server I randomly logged into just now. Keep in mind this particular stat is Xolo’s most recent miner against beeeeers and the way he measures them is far different than other miners (aka jhprimeminer) that might report WAY higher numbers.
@4000000052edc48f367300c4 [STATS] 2014-02-02 04:07:00 | 255 primes/s, 4067 tests/s, 0 5-chains/h, 0.009 chains/d
http://www.peercointalk.org/index.php?topic=638.20;wap2
We will be providing other coins soon enough, which coin we can not comment on. There is a poll that went up on the front of the website yesterday that will definitely influence our decision if you feel like voting. If you sign up for an account / get on the newsletter you can be notified through official channels when features are added. BUT YES more coins are in the works presently.
I see some comment about mining for the price we charge as not being profitable. We have just announced a full upgrade to Opteron 6300 series CPUs when the BETA is over and in the meantime have doubled the amount of cores you get on each package until the upgrade is done. Specifically if you order 2 cores, really you get 4, 4 to 8, 8 to 16, and last but far form least 16 to 32. If you try and find a comparable hosting platform for say the 16 core (aka 32 with double your cores) right now you’re going to be looking at 3-8 physical boxes minimum, which would likely be in the $600-1000 range. We’re only charging $208.
To take that one step further if you went and built 32 cores of desktops for your house you’re going to have physical computer investment, hardware maintenance, software maintenance, internet connectivity costs, driving your family crazy with fan buzzing desktops in the living room, and last but not least a big power bill.
So if something is or will be profitable or not who knows I think there are a lot of Bitcoin owners laughing all the way to the bank on this topic.
And to end this post on a philosophical note… a question I like to ask is what can we do to create a shared prosperity? Of course I could keep all the servers for myself and mine, but how does that help the cryptocurrency world? I do have hoarding tendencies, but I am also a tech nerd who can’t stop building things. You can see which side won!
Thanks,
-bangz
Over the past month I have been running a Core i7 920 @3.3ghz, Xeon E3 1230 v2@3.3ghz, AMD FX 8320 @ 3.5ghz, Core i7 4770K @ 3.5ghz, Core i7 2600K @ 3.5ghz, and a Core i7 3615QM @ 2.3ghz. That is 28 cores, 52 threads with hyper-threading. I have mined 39 primes coins in 31 days. At the current price of $3.13, that is a whopping total of $122.07.
As a disclaimer, all of these did not have 100% uptime, but the majority of the time a least 4 are running. Between 16-28 cores, 32-52 threads.
With the exception of the i7 3616QM and the Core i7 920, all of these processors have newer architectures and are clocked higher than all of the processors PrimeCores runs. The i7 3615QM is about the same clock speed but has a newer and faster architecture, while the Core i7 920 has a faster clock speed and a newer architecture than only one of the processors they run.
Look at the benchmarks:
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Xeon+E5420+%40+2.50GHz Score: 3,442
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Xeon+E5520+%40+2.27GHz Score: 4,624
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Xeon+E5620+%40+2.40GHz Score: 4,947
My slowest processors:
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Core+i7+920+%40+2.67GHz&id=834 Score: 5,005
http://www.cpubenchmark.net/cpu.php?cpu=Intel+Core+i7-3615QM+%40+2.30GHz Score: 7,264
They all score higher at stock speeds (my 920 is over clocked) than the processors that PrimeCores is running. While I can’t say definitely what the correlation between these scores are and Primecoin mining speeds are, I would bet there is a strong correlation. If you don’t believe that then at least accept that my setup has faster clock speeds and overall newer and faster processor architectures.
With my setup that is faster, it makes half as much as it cost to rent 32 cores from PrimeCores.
Lets talk about the Opteron 6300. The Opteron 6300 and FX 8320 are both based on the Piledriver architecture. The Opterons go from 2-3.5ghz. At most it will have the same clock speed as the FX 8320. The FX 8320 with 8 “cores” is the slowest processor out of all my computers, except maybe the Core i7 3615QM, in terms of primes per second. While this is contrary to the benchmarks above, remember my core i7 920 is overclocked and I guess AMDs do better in benchmarks than real world performance. Right now i’m getting ~14500 PPS with jhPrimeminer-T17v12-AVX. My core i7 920 is getting ~20500 with the same version and primorials.
Taking into consideration the 32 cores at $208 is for the Xeons, and you will only get 16 cores for the Opterons, my setup is at the very least faster than 16 Opteron cores and probably much more faster. Again, they are charging $208 for a setup that is going to produce less than $122. That is just the upper limit based on these relative comparisons. It is probably much less than $122.
I would also like to point out how non-transparent this company is being for no reason at all.
How many registered users do we have is confidential until some undisclosed time in the future we may or may not make that number available.
We will be providing other coins soon enough, which coin we can not comment on.
So if something is or will be profitable or not who knows I think there are a lot of Bitcoin owners laughing all the way to the bank on this topic.
In conclusion, based on my real world experience, 32 of their Xeon cores or 16 of their Opteron cores is not going to make you $208 in Primecoins. Not even close. That doesn’t even take into consideration that the difficulty was lower last month. Also consider, the $208 package is your best “deal.” All the other packages are even less profitable. You might as well just buy them and you will come out ahead.
Their non-transparency and serious discrepancy between their costs and actual profitability indicate they are either scamming or incompetent. Either way, you don’t want to do business with them.
They have the logs. They can easily figure out if it is profitable or not and publish them. Why haven’t they done this already? Seriously, who starts a business and doesn’t do the minimum amount of research BEFORE taking customer’s money?
Excuse me sir there is no scamming or incompetence, we’ve published all our hardware specifications and have made a rational case for why people should use the service. If mining is such an terrible concept then why are hosting companies that are charging FAR more than us selling out left and right to support the mining community?
I’ll make the challenge back to you… have you shut off those expensive mining computers you have and just moved to the exchanges? I doubt it. How about posting your monthly power bill to run them? Or the cost of your computers to build? How about your internet bill? Of course I don’t like making assumptions on things, but I’d wager a single primecoin you’re pretty far in the hole on your investment :-).
Anyway, this is the first and last reply I am going to make to negative replies, people can make their own rational choices. If anybody wants to reach out to us directly we are contactable to answer any questions.
Thanks.
-bangz
Excuse me sir there is no scamming or incompetence, we've published all our hardware specifications and have made a rational case for why people should use the service. If mining is such an terrible concept then why are hosting companies that are charging FAR more than us selling out left and right to support the mining community?
First, that article is from mid December when the difficulty was less than 10. Not to mention, all of those services suffer from the same problem as yours. They wont know if it is profitable until after they have paid for and used the service because they don’t post any meaningful performance or profitability statistics. Mining on Azure, Digital Ocean, and Amazon EC2 is not profitable either unless you have free credits. If anyone wants argue this point I would love to be wrong.
I’m not making a case for mining on your own hardware. I’m making a case on why your servers are not profitable. I wouldn’t recommend buying hardware to mine Primecoins either.
Anyway, this is the first and last reply I am going to make to negative replies, people can make their own rational choices.
Yeah, without addressing my points. You’ve posted your hardware specs and I am telling you that it isn’t profitable. Again, the fact that you wont or can’t make the claim that your servers are profitable and back them up with evidence says something about your business.
Great thanks for being nice(ish). There are competing philosophies at work here. You’re assuming everybody views the value of the world through government backed currency. It would also appear you value your time in government backed currency (sorry if I am making a wrong assumption). This is fine you’re more than welcome to live your life any way you wish. For the other people on this planet (myself included) I am looking for alternatives to what appears to be a failed system. The service we provide is by far and away the cheapest way to EARN your place in the new economy, key word EARN. We are not your mother if you want a free ride you better go ask for an allowance. Not to mention miners are passionate about what they do I didn’t hear you admit you shut off your desktops even though you’re likely spending more in electricity to run them then you make in “profit” (again assuming profit somehow translates into government backed currencies), which in my mind they DO NOT. So if you calculate what it would cost in electricity to run the service we provide (which is electricity provided at wholesale prices paid in US dollars) combined with the a long amortization period on the hardware investment you will see with the same rational mind I mentioned above that we are providing an extremely valuable service for people who have a passion for mining, people who are going to do it no matter what you post (which I think can be attested to via the close to 200,000 connected workers between the 3 major Primecoin pools, which I have a sneaky suspicion your desktops are connected to one of them as I type this. So don’t go judging how other people choose to live their lives, lest thee be judged. Thanks and this is my final comment on this topic.
Not that this is on topic, I’m going to address your points about me. I’m mining as a hobby. I’m not expecting to make a large amount of money on this. I’ll be happy if it pays for the two machines over the course of the next year. The other computers I already owned. If not, no big deal, I enjoyed building them and I can repurpose them when I am done mining with them.
As for the profitability, my most power hungry machine, the AMD FX 8320 costs about $20 a month to run 24/7, as read from my Kill-A-Watt power monitor. If I mine on average 40 primecoins a month, at the price of $3 per with 4-6 computers, that’s $80-$120 a month in electricity costs at most. With $120 in potential revenue and the rest of my computers being more energy efficient I at worse break even. I wouldn’t recommend it to anyone trying to make a lot of money. Like I said, this is a hobby, and I wouldn’t recommend it to anyone trying to make a lot of money.
I’m holding onto my Primecoins, but comparing the value to USD is a good metric to determine if the USD I’m spending on mining is worth it. If it wasn’t I could just take that money and directly buy them instead of wasting it on electricity. Which brings me back to the point.
If profit in USD isn’t meaningful to you then let me phrase it differently (even though I’ve already said this). You are offering a service and asking for USD. You can take that same USD you are asking for and directly buy Primecoins from someone and come out with more Primecoins than what you would get after a month of using your service for the same price.
[quote=“rddd71”]it’s not worth it check this http://beta.beeeeer.org/index.php?p=user&s=xpm&a=ATAsKKUZhFBy2nfQnDGfN6eUYvfpgT1nee
primecore’s miner has ID 2 ( 2 cores . 32 $) digitalocean’s miner has ID 0 ( 2 cores . 20 $)[/quote]
Taking those numbers and assuming 31 days in a month, that will be 4.16 Primecoins a month. At current prices, it will worth $8.32 and cost you $32. The digital ocean numbers aren’t much better. This is a small sample size, but I don’t think the deviation is that high to matter much.
Anyways, this further supports my hypothesis that cloud mining services are not profitable. PrimeCores especially.
Also it has been over 3 weeks since launch and I have yet to see any testimonials or otherwise positive feedback from people who have actually used the service.
Well…I am a newbie to this…totally new. I went to the Primecore website and paypal’d 6 bucks. I am waiting to configure my profile (it takes forever to synch the new “PrimeCoin Wallet” that I just installed on my computer).
From what I have read there is no way I can mine for PrimeCoin with my CPU profitably…I think…(too slow). I just wanted to start somewhere so this cloud solution seemed interesting to me. Meanwhile, I can learn how to mine from my own future supercomputer. I must just read and learn… so I threw 6 bucks to the wind probably…we shall see.
But anyways I am going to try and remember to report here my experience ok?
ElectricSavant™
Well…
I ended up cancelling the reoccuring 6 bucks a month at the paypal website. I do not like this automatic way of subscribing to an investment (yes this is only an investment for me…not some higher calling ). But more importantly when I go to the beeeeer website to check my earnings after 2 weeks I only see a few cents…I do not have them in my wallet…So I go to the primecore website as we I write this and it states[size=36pt][size=18pt] “Error establishing a database connection”[/size][/size]
MB
So its been 17 days…(the Primecore website started working after being down for a while)
So I figured out (had to remember how, I need better notes to myself) how to get on the beeeeer website and see my portion. It says this has been paid? I have not rec any prime coins. Besides to get past the minimum…whatever that might be I would need to earn at least 10 primecoins just to get $6.00 in a months time (that would be only break even). I do not think in 1/2 months time I have even won 1 bitcoin or am I reading this wrong below?
I do not think PrimeCores offers enough CPU to me to give me a fighting chance at luck!
date XPM block 7ch 8ch 9ch 10ch
2014-5-28 0.02 0 (0.000%) 13 (92.9%) 0 (0.00%) 1 (7.14%) 0 (0.000%) 0.001 XPM/hr
2014-5-27 0.00 0 (0.000%) 8 (100.0%) 0 (0.00%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-26 0.00 0 (0.000%) 10 (90.9%) 1 (9.09%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-25 0.00 0 (0.000%) 17 (94.4%) 1 (5.56%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-24 0.01 0 (0.000%) 25 (92.6%) 2 (7.41%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-23 0.00 0 (0.000%) 8 (100.0%) 0 (0.00%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-22 0.01 0 (0.000%) 11 (78.6%) 3 (21.43%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-21 0.00 0 (0.000%) 11 (100.0%) 0 (0.00%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-20 0.03 0 (0.000%) 13 (68.4%) 5 (26.32%) 1 (5.26%) 0 (0.000%) 0.001 XPM/hr
2014-5-19 0.00 0 (0.000%) 17 (94.4%) 1 (5.56%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-18 0.02 0 (0.000%) 8 (88.9%) 0 (0.00%) 1 (11.11%) 0 (0.000%) 0.001 XPM/hr
2014-5-17 0.00 0 (0.000%) 13 (100.0%) 0 (0.00%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-16 0.00 0 (0.000%) 13 (92.9%) 1 (7.14%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-15 0.01 0 (0.000%) 10 (76.9%) 3 (23.08%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-14 0.01 0 (0.000%) 15 (88.2%) 2 (11.76%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-13 0.00 0 (0.000%) 16 (100.0%) 0 (0.00%) 0 (0.00%) 0 (0.000%) 0.000 XPM/hr
2014-5-12 0.10 0 (0.000%) 13 (81.3%) 2 (12.50%) 0 (0.00%) 1 (6.250%) 0.004 XPM/hr
total 0.22 0 (0.000%) 221 (89.8%) 21 (8.54%) 3 (1.22%) 1 (0.407%)