Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 43. (Read 81547 times)

I am on this exchange

https://hitbtc.com/exchange

wallets are locked

Phil, where you're gonna trade your BCI?

I'm asking this because they are struggling to be listed on Bitfinex (they are listed, but wallets closed) ... and Bitfinex has that shitty 10k usd limit. I don't know about you, but I don't have that amount in crypto so I can trade on bitfinex ... so it seems we have our hands tied a bit with this coin.. thinking that wallets are not opened on any exchange...

I'm staking right now, but thinking about selling it after a while so I can pay up the electricity...

I don't think they will develop an alternative SIA fork. They are great at hardware development but not so much on software.

The Bitcoin Cash fork wasn't really that difficult to perform, it was just minor changes. SIA is more advanced than that.

Yes SIA did get a bump in price so many are either expecting another SIA fork or they think that getting rid of the ASICs will add value to the coin, I think its the former.

You're right, but Bitmain has money for investment and they show more and more love for coins. Shy support for BCH (BTC alt), more involved with Bytom (ETH alt) and one can expect that the third jump into coins will be even more serious. SIA fork could be a trigger.

Plus there already technically is a fork:  https://bitcointalksearch.org/topic/ann-hyperspace-distributed-storage-app-sia-fork-4560833

I can see this move by Sia bumping up interest in Hyperspace.

the sia asic fork will die lol, whose going to develop for it.. bitmain? gimmeca break they cant even do thier own business chip design right, thier last hit was the s9 back in 2012?!

the asic fork will go the way of the dodo like monero classic lol

this is my research / opinion on the situation

https://youtu.be/kcAXIHQxYWQ


I'm really interested to see how David Vorick would respond in an interview regarding all of this -- pretty radical views / decisions compared to the most of the market lol

I thought Jihan Wu's tweet was pretty funny too regarding the matter

https://twitter.com/VoskCoin/status/1047851145882947585

I think You don't know what You're talking about.
Storage cost has nothing to do with mining efficiency for SIA network maintenance. Ex. before/after SIA ASICs, storage cost was/is order of magnitude lower than other storage market prices.
If You don't mind reading about SIA storage technology, You would know that data protection is on higher level than other functional cloud storage options.
No matter how good is this forking for SIA hodlers, my opinion is that technology behind SIA is so good that developers will regret in future for sharing their storage market with another SIA_ASIC coin.

If they wanted to get rid of ASICs they should of forked all the ASICs including their own.

Most likely if the Obelisks ASICs will still work then Bitmain and Innosilicon will just make another ASIC under the table and later on sell it to the public, since it will most likely just be compute work similar to the other coins like DCR, PASC, etc.

sia for being disastrous traitors to the initial investors. fuck em.

then they gonna fork the algo. run their machines that fucking suck.. and they have stockpiles of that garbage that no one wants.
they profit again.... and as they said, better chip versions will replace, i wouldn't be surprised if these ass hats have these machines out the bat already being prepped on the new algo way before anyone knows... and the swamp continues to drain.
i know what im saying. there project is utter shit and a waste of space. it will never be efficient form of decentralized storage (its purpose). no one will pay more for storage on a blockchain that isn't a 100% means of protection. they even themselves said it's efficiency, even with asics, is not cost comparative cost wise to any other storage offering. now we downing the hash.. lol this project is fucking 00000.. empty ur bags asap.

the happy few who actually paid the taxes getting it home will be the happy "few". but realize why the fork is all of a sudden thing now. they wanted to make sure there shit was so obsolete that no one wanted there doorstops, then there mountain of failed asics will be relevant again... if this isn't a call to centralization i don't know wtf is..  i mean... we know they got 100's and 100's of there unsold shit, and who's gonna be the one to take advantage of it more then anyone. them themselves. on there new tech . lol hahahah.

What do you guys think about the new SIA coin fork to brick ASICs? But as I see, it's only anti Bitmain and Innosillicon. Their Obelisks ASICs will work after the fork: https://blog.sia.tech/sia-proof-of-work-reset-24b5ec439625

time will tell I should know soon. I will mine them for about 3 months and see what I have.

Thats the problem, halving is required to control inflation.  You are right there won't be a bottom to the number of coins, but there will certainly be a bottom to the value of them!

Use SRBminer. Dev is active and speeds are the highest around. Been using it with my Vegas and RX 570's for months now.

Here's the main thread: https://bitcointalksearch.org/topic/srbminer-cryptonight-amd-gpu-miner-v193-native-algo-switching-3167363

Since I have limited cheap power I look more for good ways to make miners money.
And this coin  (BCI) will not do ½ing thus there is no bottom.

But for a purchase of 1000 or 500 coins I can agree minex could be a good coin.

I rarely buy coins though .

Still have a bunch of the cards, still working without any problems. Due to high power consumption (I managed to stay within 250W for Monero7 and do not allow more then 85C for core) I have to run them only in night when we have special (50% reduction) electricity tariffs so it is surely not the best choice for now. I have better luck redoing termal paste - usually 10 degrees core temp reduction :-). When Claymore drop support for them I seek for alternative and with help of XMR-STAK community we found a way to work around the bag in 15.7 AMD drivers that prevented decent performance for HD6xxx cards. Going to use them to heat my garage in winter - no profit but no expence also :-)

I understand that its decentralized in the fact that your coins are in your wallet. Normal staking is works this way also, so I don't really understand how this is revolutionary.

As for Minex, it uses Equihash 96,5 (EWBF).  If/when the card comes out it will hopefully be big.  The reason I brought it up to begin with, is they have a similar system to park coins and pay out interest:  https://minexbank.com/  The thing is though they change the interest rates to stabilize the price.  Their goal is for an 85% annual growth rate, which will probably change considering they instituted this percentage when crypto was skyrocketing.  But essentially when price goes down, they increase the interest rate, when it goes up, they lower it.  In theory it will create a stable price, but obviously something like that is a work in progress.  My point is that at least their interest has a rhyme and reason behind it, its not just a system to make miners profitable, which is always a race to the bottom.  It was in the double digits until May.   

Okay my BCI coins are in my core wallet and I collected interest on them twice.

that is  decentralized in terms of deposit location.



Now  minexcoin  does trade on hitBTC

as does BCI   you have limited moves on BCI

not sure if Minexcoin is limited on  hitBTC


all of Minexcoin hinges on its cash card. which is yet to work correctly.

but it could be worth buying 100 coins. If the minexcard ends up working it will jump up in price.

Very simple question what is the algorithm for mining MNX

https://questions.coincheckup.com/minexcoin/what-is-minexcoin-mnx/


https://minexcoin.com/html/download/wpeng.pdf


They don't seem to give one out.

To me since I do have access to some solar power paid off I need coins to mine

IMO Phil you would be better off mining Minex:  https://bitcointalksearch.org/topic/minexcoin-a-new-era-of-payments-1847292

BCI is pretty much ripoff from them, yet claims to be the "first."  Furthermore their claim to decentralize staking is ludicrous considering they actually centralized it if anything.  I have a sinking feeling that once BCI hits a real exchange there is going to be price drop that will more than negate any interest earned.  I've made a lot of money mining shitcoins but personally i think you should only mine them if there is a current liquid market.  No word on premine either.

I have a weekly address
I have a monthly address

I have Mining address

I have a holding address.

So stake
100 monthly
100 weekly

Move mining coins to holding wallet daily

After 1 week move holding coins to weekly wallet bump staking number in the wallet.

Do that four weeks in a row.

Move 1/2 weekly coins to monthly

Rinse and repeat for a few months.

I will decide how long I will do this after three months