Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 64. (Read 81547 times)

yeah same story here , although i sold my 280x and 390s for close to what i paid
not selling gpus going forward tho, I always regretted selling, gpus that are paid off are
better kept and used to speculate i found

We all were burn't one way or another with mining.

I was burnt buying expensive GPUs during the Litecoin days where I spent like $500 on a R9 280X and every 30 days my daily profitability basically kept halving.

From that experience I've learnt not to FOMO on expensive GPUs when the markets can turn very quick.

Instead I just browsed Craiglist and eBay during the beginning of 2016 and bought all my GPUs second hand.

During the 2017 mining boom, I bought a few GPUs during Black Friday sales with a rebate which were actually below MSRP because mining profitability hit a low point at that time.

Never bought an ASIC brand new ever from a manufacteur but basically heard from many people who took huge losses buying an Antminer S2, S3 and S4 new.

They need to learn their lesson, take their extra stock and liquidate it as best as they can.  They already know they lost big;  so they should make what they can,  not dig a deeper hole.

Im with phill, Im done feeding the asic pig, ...

good business move so far. I just could not buy into  z cash asics  due to the choice made by the developer he simply folded and did not try at least 1 fork.

I am down to very little gear on the gpu end.
I mostly have btc miners and some ltc miners  with  a handful of gpus. 12x 1080ti's

Do you by chance have any links that lay out how they justified not being a security (I agree, just wondering about a good source here for reference)

I went with A9 and Z9 route and sold my Furys and 1070 Minis, only kept 60 1080 Tis. 2 A9s and 4 Z9s replaced my hash at probably 1/4 or less electricity I was using before. All are mining to a single address. All has been mining for about 2 weeks except for 1st A9 which is mining since July 9. So far all 6 have mined 43.53619192 ZECs or 60% of total invested. I am very optimistic that these will recoup initial investment in a month or two and then mine profitably at least till the end of the year.

Don't forget the innosilicon beasts

http://www.innosilicon.com/html/news/26.html


supposed they just did a big burn in of 1000 units and packed them for sales

that is  50,000 x 1000 = 50,000,000sols  or about 70000 1080ti's

so  70,000 x 700 = 49 million worth of 1080ti's to be replaced by about 10 million in A9's

so 49-10 = 40 million drop in the value of 50,000,000 sols of hash power

most of this is on zcash developers and not having 2 or 3 forks ready to go.

Asic resistance for any new coin is pretty simple   just start an algo/new coin with 2 to 3 forks ready for action.

well to all that jumped in on the z9 or A9 good luck.

I went to the forkers  I am mining some BTG and holding my own.

I also  am hodling: BIS and RVN

Don't forget the innosilicon beasts

http://www.innosilicon.com/html/news/26.html


supposed they just did a big burn in of 1000 units and packed them for sales

that is  50,000 x 1000 = 50,000,000sols  or about 70000 1080ti's

so  70,000 x 700 = 49 million worth of 1080ti's to be replaced by about 10 million in A9's

so 49-10 = 40 million drop in the value of 50,000,000 sols of hash power

most of this is on zcash developers and not having 2 or 3 forks ready to go.

Asic resistance for any new coin is pretty simple   just start an algo/new coin with 2 to 3 forks ready for action.

well to all that jumped in on the z9 or A9 good luck.

I went to the forkers  I am mining some BTG and holding my own.

I also  am hodling: BIS and RVN

are you actually holding the BTG? Or mining and trading out?

fwiw my nvidia is on aion & my amd is on loki

Do you by chance have any links that lay out how they justified not being a security (I agree, just wondering about a good source here for reference)

Don't forget the innosilicon beasts

http://www.innosilicon.com/html/news/26.html


supposed they just did a big burn in of 1000 units and packed them for sales

that is  50,000 x 1000 = 50,000,000sols  or about 70000 1080ti's

so  70,000 x 700 = 49 million worth of 1080ti's to be replaced by about 10 million in A9's

so 49-10 = 40 million drop in the value of 50,000,000 sols of hash power

most of this is on zcash developers and not having 2 or 3 forks ready to go.

Asic resistance for any new coin is pretty simple   just start an algo/new coin with 2 to 3 forks ready for action.

well to all that jumped in on the z9 or A9 good luck.

I went to the forkers  I am mining some BTG and holding my own.

I also  am hodling: BIS and RVN

They are working on getting listed on bittrex(got the legal stuff about them not being a security done already) and will probably be listed soon,we cant really know the exact date because who ever subbmited request had to fill NDA also

I used to have a single 25 kVA pole mounted transformer feeding a 320A meter base at the house, which in turn had 2x 200A panels behind it, and a 400A meter base at my shop with a single 200A panel behind it.  The 320A meter base was feed via 350 MCM Al and the shop meter base was feed via 500 MCM Al.  350 MCM Al is rated for 280A and 500 MCM Al is rated for 350A.  This is at 90C btw, which the power company is allowed to use.

A 25 kVA transformer can only do about 105A (and peak loads up to about 140A or so @ 240V).  Around my parts most homes with 200A service have a 15 kVA transformer, and large homes have a 25 kVA transformer.  Really large residential homes have a 50 kVA transformer.  A large 50 kVA is still only able to deliver 210A or so on a 24/7 basis.  And once you get much past that, the 350 MCM Al wire running between the transformer and your meter base begins to become the limiting factor.

When I started consuming above 20,000 watts 24/7, I had the power company come out and swap my 25 kVA for a 50 kVA one.  There was no cost to me.  Where I live in rural Virginia, nothing needs to be filed or justified with the county, it is all just between me and the POCO.  I just called them up one day, and 20 minutes later an engineer was at my door step and I showed my power usage and he said yep, let's swap in a 50 kVA for you.

For residential service, POCO always size based on peak loads, so having dual 400A services from a single 25 kVA is ok, as based on their experience, they never see a residential customer coming even close to pushing the continuous rating of a 25 kVA transformer.

Agree with your points. As a conspiracy theory junkie it’s more fun to think bitmain is shutting down their units after testing , in order for them to be packaged and shipped.

There are other equihash coins - might have been a shift to one of those.

Could also be some GPU miners pulling rigs due to low profitability, or shifting to other more profitable coins.

Could also be normal "luck" variation.

I suspect it's a combination of "all of the above" though.

Zcash difficulty took a pretty big drop today. No clue why but I’m going to enjoy it while it’s here.