Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 60. (Read 81547 times)

Long shot, but try to set PCIe to gen1 in BIOS if you haven't already. Maybe the slot is getting old and can't sustain the requirements of the higher settings?... It's worth a try. Especially if all GPUs are affected.

If only one gpu's showing that problem, try switching slots and see if the behaviour remains. Or try another mobo.

Good luck with the bitch that is rig troubleshooting...

Hmm so a rig stopped mining after being 8+ months stable.

Now all of a sudden it has completely lost the ability to detect a GPU via riser.

Plug directly >>> all GPU work
Plug via riser (any slot, any GPU, any riser) >>> no lights, no fan, no nothing. Yes I tried many many risers from spares etc.

I stripped the rig down to 1 GPU with the same results;
Directly >>> fine
Riser >>> nothing at all. Not even a LED!!!

I get that, but my problem with them isn't dumping the coins for btc.  One pool selling coins isn't going to drive the market down.  The real issue is when they have 10-15 coins per algo, mine on each coin when the difficulty is low, once the difficulty skyrockets they move on to the next coin.  They currently have 11 TH/S on blake2s right now, with 5 different coins.  They will put 100% hashrate on a tiny altcoin until the difficulty on another one goes down.  Talk about centralization.  They control way over 51% of the hashrate on many coins.

I'll have to disagree with this.  It's just not that simple or black/white.  There are many factors that kill coins.  Most coins really serve no purpose other than to exist.  Miners dumping mined coins in exchange for BTC kill a coin's "value", which was probably propped  up by speculation to begin with.  Saying that an increased hashrate/difficulty brought on by ASICs is what kills coins is not looking at the full picture.

And what happens when a new generation of GPUs arrives?  Will people blame the new generation of GPUs for killing coins because they have better hashrates than the old GPUs... and now their old GPUs are worth less, and mine less?



It's the price of progress.  Efficiency always wins in the end.  Trust me when I say that owning a car for many people in the future... say 10-20 years... will seem quaint and old fashioned.  Ride-sharing and self-driving cars will dominate the transportation market.  The economies of scale will kick in and paying for a ride will be much cheaper than owning, maintaining, and parking a car of your own.

None of that will prevent you from owning your own car, or a bicycle.  It just won't be the most cost efficient or time efficient way to travel.



There's room for all types... but that doesn't mean that some are not more efficient than the others.  Some have distinct advantages in some situations.  But as it relates to mining, ASICs are the most efficent at POW.

Zpool , mining-pool hub, nice-hash drive all towards Btc.

If banned and rendered non existent you need an exchange to turn coin to btc.

If you want to be private most exchanges prevent this.

I can mine ETH on nicehash with a core wallet direct to btc and stay anonymous for years.

Same on Zpool.

Take the exchange pools out I have to hold the coin I mine . Many don’t want that risk.

Many won’t hold 1000 BTG.

But they will hold 5 BTC.

Asics builders kill coins because they can build more gear then any coin can support.

Gpu builders don’t kill coins because gpus are mixed use.

Anyone that fails to see dumping every bicycle in the world because motorbikes are faster fails to see the full picture.

But. What do I know not much as I see but a piece of the puzzle.

I am for some asics
I am for some FPGAs
I am for some Gpus
I am for some CPUs

To mine various coins and algos

Just as I am for

Bicycles
Motorbikes
Cars
Trucks
Buses

To take care of various transportation needs

Not sure how I feel about eth / etc being for gpus. Bitmain has an “asic” in this algo. Not sure how it compares to gpu. But it’s surely more plug and play then building a gpu rig.

I could be wrong , and probably am but where there is one asic , there could always be a “new” version in he works.

I 2nd this comment.   Countless coins have had their profitability destroyed by pools like zpool.

Btg could price pump since they are going to fork over and over again at least they claim they will fork again.

Zec is dead.


ETH
Xmr
Etc all could have life.

X16r
Bis are small.

The way I see it there are only about 3 coins for GPUs which have enough miner revenue for everybody.

1) Ethereum
2) XMR
3) Ethereum Classic

ZEC is pretty much done with GPUs and other coins like BTG just don't have a large enough price to make a significant difference.

If only BTC forked to a different algo, then that would be interesting.

Oh... and philipma1957...

Let me state my position on ASICs definitively...

ASICs are not the enemy of centralization.  They are just a more efficient tool.  Pools are the enemy of centralization.


If you want a truly decentralized ecosystem, you have to make it anti-pool... not anti-ASIC.

Agreed... Bitmain gets the worst bashing... some of it deserved, but most is not deserved.  It always happens when a company is on top and dominates an industry or sector.  Look at the hate that companies like Apple or Tesla get... despite the love they get from investors.  The individual throws shade when they don't feel they can participate in the amount of money that is being generated by these top companies.  I see the same thing happening here to Bitmain.



Your statement makes a lot of suppositions.  What is your best estimate of this even happening on a large scale?

Mom and dad know nothing about mining, it's too difficult for them to grasp.  Desktops are so passe in the typical family home, let alone a "gaming desktop."  Laptops, consoles, tablets, and phones are what the kids are using.  Only hard-core gaming enthusiasts would even be able to afford a 1080ti.  You think that mom and dad are going to buy their kids a $1500 computer to play games when a console costs $200-$500?



We live in the world of mining, using some consumer electronics (GPU rigs) to do so.  Then along comes specialized hardware that does it better and then we are resistant to that?  Why?  

If we want to be idealistic and say only GPUs can participate, then what happens?  People buy more GPUs.  So that hypothetical family who has the single 1080ti mining away at night starts getting fewer and fewer profit, and eventually... one of them figures out that it's not worth the electricity cost.  Mining is a race, and the game-theory/reward system will benefit someone who puts more effort into it.



I don't think there's no place for CPUs, GPUs, etc for casual mining.  But if you are mining to generate coins that you hope will be "worth" something... then everyone who is anti-ASIC is being disingenuous to themselves.  The whole point of mining is that you are rewarded for the effort.



LOL... I've been in a few of those traffic jams in Beijing.

We need four or five forking coins for gpus

The rest can be FPGA and or asics.

according to my estimates continue to be (as 1,000 dollars) or more

I believe Monero forks every 6 months.

Fixed the error.

I want to talk to puwaha


"Bitmain is not the only ASIC producer.  There are several competing companies... more than players in the GPU field.  What's the difference between 1 million GPUs versus 1 million ASICs when calculating "centralization?"  Nothing."


I agree there is  more then 1 player in asics.

I could explain why bitmain  is the worst then followed by Innosilicon

But the thread is not about bashing them.



And I buy their gear along with asics ,cpus, gpus from anyone I think works for my mining model.

Where I really disagree with you  is :

What's the difference between 1 million GPUs versus 1 million ASICs when calculating "centralization?"  Nothing.

It is really wrong to think this for so many reasons.

Lets start here:

 hundreds of  millions of people world wide own a pc
they use the pc for many reasons.

Here is a high end gaming pc

https://www.amazon.com/HP-Desktop-Computer-i7-8700K-880-130/dp/B0768M95WY/ref=sr_1_3?

forget that I was getting this with 2 1080ti's  for 2300 in feb of 2018

but  there are about 1 million 1080ti's in gaming machines like this  and when the family sleeps  this mines and makes money

when the family is awake it works as  a pc and a gaming device

to not see that this is better then 1 million asics  is sad dude  so sad.

to think that 1 million of these  have zero difference then 1 million asics is sad so sad so very sad.

That said  it simply means  there is a place for active gpu mining  along with asics and fpga and cpus.

a bicycle  would work well below

https://www.youtube.com/watch?v=O3kL6nMap2s

A glitch occurred  my thread forked last night.
I locked the new thread fork and moved it here

https://bitcointalksearch.org/topic/m.43491047

nutty........ regular reference/blower 1080's are fetching the same price right now here in the bay area....

Awesome news. Would also be nice to know when they plan on implementing it. Hopefully not anytime soon so people can continue dumping GPUs at insanely low prices. Believe it or not local miners here are now selling 1080tis at the $350-$400 price range. Best part is some are bought early 2018.

At that price range, that is still a good buy right?

thank god.

I was watching the diff vs. price recently and it made my heart sink....

now i really gotta get off my ass and try to recompile xmr-stak with zero devfee again shortly... I hope to god the compiler behaves this time.

https://github.com/monero-project/monero/pull/4218

looks like a new fork for monero

this is pretty good news.

the key is can they fork often enough to hold off the asics?