Topic: 8th Alt coin thread. Or what to do now that asics are all over the place. - page 87. (Read 81426 times)

Zec's choice to welcome (if there is no split in the dev team as it looks right now that there is some conflict) ASICs is a poor decision the same way SUMO did revert back to ASIC friendly.
Effectively a moq 100 units for $1 million is clearly against small farm and for centralization which is contrary to the main idea of ZEC.

Well don't forget that multiple equihash coins have planned forks so this could all change quickly and these new asics could be door stops in a matter of months.

I shut down my L3+ a couple of weeks ago because of similar math

2 months to get your investment back at today's profitability level, i.e. you'll be lucky to get your 10K back at all (considering many Equihash coins will fork).
So another case of the ASIC producer probably having used this for several months already, flogging it to the masses now with the consequence that Equihash will cease being profitable for everyone pretty soon and these machines being reduced to the role of doorstoppers within 6 months.

innosilicon  has announced a 50000 sol zec miner

uses only 620 watts.

10k  for 1

this will be the end of zec for my 1080ti's

3 1080tis  do 2100 sols at 600 watts


so  this gear is 25 x more efficient.

Buying 75 1080tis cost about 50k

this is 10 k

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

they will do smaller sales  with lower moq in august

at the moment moq is 100 at 10k = 1 million

so my l3+ earn about 2.80 a day  and burn about 2.89 a day due to my summer rates

May be shutting down  everything but sha 256

I have no idea if ETH will do anything but most likely since Bitmain is slashing these Equihash ASIC prices like this AND all those 51% attacks that happened last month... most Equihash coins will change their algo. At least modify the parameters to make it mineable only with 2.5GB GPUs like Bitcoin Gold proposses.

Then and only then we will finally see exactly how much dominance all these secret hidden ASICs are mining.

Could be Electronero, an electroneum fork.

Electroneum difficulty has finally dropped after the fork so I think they are hitting that

Heads up CNv7's price spiked hard on Nicehash, could it be a 51% attack on some coin ? or is there a coin I'm missing?

...unless fpga's do it better.
Haven't yet read about any equihash forks, but arguably it's only a matter of time until a good fpga bitstream can be programmed for any of them.

It is a great analysis, for sure. But perhaps it's missing the most important and hardest to predict factor; forks.

This is also the key to your question. If all Equihash coins fork, nVidia family cards are back in business till 2019.

Great analysis and summary of GPU outlook overall. This should be stickied for all those still asking "will GPU mining still be profitable?"

I'd like to get your opinion though, does this mean to you that the best time to sell GPUs would be today? I'm asking because i'm curious if we can still ride out our GPUs for 1 or 2 more months before the shit hits the fan. I'm pretty happy with ROI and all the coins i already have for long-term holding.

Holy crap! 14.7%. Man my Gekko's never gonna ROI at this rate 

Yes, but let's dust off the MagikSmoke 8 ball and look at the next few months:

Z9 will destroy Equihash in short order.  Probably will be a replay of the L3+.  There goes your 1080 Ti cash cow.

Baikal Giant does X11/Quark/Quibt/Myriad-Groestl/Nist5/Skein/X11Gost/ and maybe a few more in a few months.  At your doorstep in about 5 days for $1,600.

Tribus is number 1 on Whitefire's FPGA bitstream release list:

http://zetheron.com/index.php/fpga-performance-profit/

And Tribus can support about 130 FPGAs until profit goes to Bitmain ShiteHeaven.  And people are already mining Tribus using FPGAs, I mined it for quite some time with 1080 Ti's and it is a waste of money to even try anymore and Whitefire's bitstreams are not even fully out in the wild yet.

Blake variants have been destroyed by A3, Halong, BK-B.  Ditto for Decred.  And I haven't even received my damn Obelisk SIA miner yet!

A word about the whole FPGA thing:  if you follow all the Bitcoin threads and the discord, the FPGA roll out is shaping up in the *short* term to be every bit as difficult as the Vega's were and then some.  But it took what?  About three or four months for people to figure out ways to make the Vega profitable.  Yes, cooling mods required at first.  Yes, Senseless will not support Windows.  GPUHoarder is interested in cost-efficient accelerators.

But Vosk will be posting YouTube FPGA videos by Thanksgiving, if not before then.  You wait and see.

Cryptonight and all of its variants are squarely in the sights of the FPGA guys.  I will go on record to say right now Vega's won't be able to compete on Cryptonight come December.

That leaves X16 variants -- and those are next in line for FPGA domination, the only drawback is that you need to link a few FPGAs together and that won't happen immediately on a large, easy to implement scale.

And then we come to Eth hash.

That seems like a very narrow doorway for an awful lot of GPUs.

Please feel free to point out what I am missing and where I am wrong.  Unless the Volta is really cheap, I don't think it changes anything near term.  And Vega 20?  Who the hell knows, and even when it comes out, it will be every bit as unoptimized by the AMD genius techs as was Vega 10.  So, unless you are part of OhGodACartel/OhGodASlovenianMiningFarm/OhGodWhyDoIFixAMD?, good luck to you.

Currently GPU mining works, doesn't it? Despite the fact that Bitmain tries to ruin everything. You have GTX1080ti, why to sell them? Personally I would go 40% GPU, 60% ASIC (remember how profitable your GPU was some months ago).
What's about future, to my mind game industry mustn't be turned into mining industry so GPU's mustn't be used in mining anyway, my vote to asic for that.
And to be fair you don't need my advice but just stated my opinion, I look you from outside and you are amazing member!

well its what 20% (just rough guess) more efficient ?  Warrants a premium on the initial purchase price for an equal ROI since running costs are lower / hash.  but yeah.  and have you guys seen the difficulty rise .______.  

Not sure why.. this thing is over 2x the price for less than 2x the performance...

Looks like the firesale is because of GMO's product announcement and sales of their miner tomorrow

https://news.bitcoin.com/japans-gmo-specs-price-7nm-bitcoin-mining-rigs/

$1999, 24TH @ 1950watts with 2200w PSU + taxes etc

I've been thinking more on this...

What if you were able to store some of the necessary information on the blockchain itself? Whether that is just raw data, or a smart contract, or whatever, it wouldn't matter just as long as it is there and can be read. Also, as part of the protocol that data is refreshed periodically, either at regular intervals, or at algorithmically calculated, using the secret register(s), intervals based on some part of the block that is guaranteed to be in any valid block.