Topic: ⚡⛏️[ANN] Giga Watt: Best Home for your Mining. Starts today! - page 121. (Read 203308 times)

Hey thank you man! Unfortunately Minera still lacks on GPU support, many are asking for that and may be I will find the time to do something, can I ask you what miner software do you use to manage yours?

It's not as secure, you can read this article for an example 8 Million Vericoin Hack Prompts Unplanned Hard Fork to Recover Funds

But if Ethereum can pull off a new system that is secure then maybe the price won't be hurt. I was just saying I would think a company whose business is proof of work crypto currency would hold their ICO on a proof of work version of Ether. I guess they chose the wider audience, nothing wrong with that just found it curious considering the business they are in, mining.

LTC definitely had FPGA they were sold by a guy who ended up creating Litecoin Gear which turned out to be a cloud mining ponzi. The x11 FPGA were kept secret, but the hashrate showed they must have existed since it was unprofitable for long periods of time to mine DASH but it had massive amounts of hash power. This was when it was called Dark Coin. The Litecoin Gear ponzi sold x11 FPGA "shares" so no idea if he actually did build them or not. So no hard evidence of FPGA in x11 but there were community member that purchased and used FPGA for Litecoin, it was on their old forums. The guy selling them went by "beekeeper" and was also on bitcointalk. I'm sure there were other FPGA but thats the one I'm aware of. His legitimate FPGA he sold is what allowed him to create the cloud mining ponzi and get a lot of people to invest.

ETH will get a wider audience so will attract more investment into the ICO but ETC is just as easy to invest with. Just surprised a company whose business is based on PoW would chose a coin planning to go PoS

Hmmm, could have sworn that there were FPGA LTC miners. No biggie. ASICs are where it's at today for sure.


Hmmm, I must have missed the other ones. The mobile vs. standard GPU is yet another trade-off. But, as you said, it allows them to cram more of them into a given space.

 Because ETC has a much smaller market cap and is somewhat harder to trade?

 Also, ETH isn't going POS real soon - they're planning a "phased-in" multi-stage transition starting around end of the year.


 I don't remember any Scrypt (Litecoin) FPGA miners, seems to have skipped straight from GPU to ASIC.

 X11 (Dash etc) definitely skipped FPGA.

 I do agree that GPU rigs are a lot more flexable - it's the tradeoff for them being less efficient than an ASIC.


 Panda wasn't the first "custom GPU" type rig, more like 3'd I think - they do seem to have become the most popular though due to good marketing and *relatively* reasonable pricing compared to the earlier entries.
 It's too bad they insist on using the "mobile" type boards rather than standard boards, but they can cram those mobile boards in tighter.

Find it odd they did ICO on ETH when ETH is going POS when they could have chosen ETC. Does anyone know a reason why they couldn't have used ETC?

I remember using Minera, best mining dashboard ever! Wish it could be adapted to use on GPU rigs, miss using Minera with my old Gridseeds even if they never turned a profit. I'll use your link just as another donation for some really solid software!

The thing about GPU miners is that they can easily be adapted to a new coin that is GPU mineable. Bitcoin went CPU ➜ GPU ➜ FPGA ➜ ASIC. The same for Litecoin. I mined some LTC back in late 2011/early 2012 using older computers and heating a room in my house for a couple of months. That LTC has funded my current cryptocurrency adventures. My only wish is that I had held it until now, but hey, that's life. I have a low-end GPU miner (see my sig) that I use to play with GPU coins. I currently switch back and forth between ETH and ZEC, but can mine any coin that has miner software written to take advantage of my GPU.

GPU mineable coins require a relatively small amount of money and some software smarts to be able to optimize the hashing algorithms to run efficiently on a variety of GPU architectures (there are several different architectures for each of the two big player's GPUs). The end-users will have, or will build, their own mining rigs which can double as gaming machines. The costs to design, build, and sell an FPGA miner at scale (more than just code running on a widely available dev board) are significantly more than GPU rigs, and ASIC miners are significantly more expensive than FPGA rigs.

I like the idea of the PandaMiner machines (custom motherboard with off the shelf GPUs). It was just a matter of time before someone made the effort to do that. Think about it. There are a bunch of people who are building and selling (at a premium) five, six, or seven GPU mining rigs based on consumer motherboards. It was just a matter of time before a company took advantage of their resources to build a dedicated GPU miner.

Cheers,

- zed

Care to elaborate on what other projects have done this before? Also, why isn't it good if the capitalization is large?

Great project!
I,m just bought some WTT for my coming mining life .
Question: Should i ships my miners to giga watt and mining now so i can apply WTT token immediately once its issues ?

As for me, the project is not original. Already there were similar. And the maximum capitalization is very large.

 I doubt that a lot of it will switch to ETC - ETC is fairly small.

 A LOT will switch to ZEC.

 Some will switch to XMR.

 Smaller amounts will switch to smaller coins like ETC and ZEN and such.

 Some will see the drop in profitability, say "no more" because they are in high-price electric areas and just sell out or turn their mining rigs into gaming rigs or some such.

 And Giga Watt isn't technically a startup anyway.

 MegaBigPower been around some years....

You're right, I somehow got to that article from here: http://www.coindesk.com/blockchain-needs-failures-succeed/ which was originally posted here: http://startupmanagement.org/2017/06/02/the-blockchain-needs-more-failures-to-grow-and-mature/

So, I looked up Carlota Perez perennial model, which got me here: http://avc.com/2015/02/the-carlota-perez-framework/ and finally followed a link to the article I mentioned.

The arguments are quite sound though...

Thanks, somehow the website was staying in my cache, it was displaying 'ico starts in -2 days etc'. Once I refreshed the webpage it worked!

I like mining coin that can provide a profit to us.i ill in.

That's from ~2.5 years ago. All the tips on how to prevent risks are welcome. However, the writer seems a bit too pessimistic on the imminence of the ICOs collapse.

A must read for everyone into the blockchain space, especially startups and potential investors into ICOs: http://startupmanagement.org/2015/02/07/the-bitcoin-startup-ecosystem-is-frail-beware-of-the-next-crash/

Have you considered it's the weekend and these peeps could be working 5 days a week? I keep in touch with them on Facebook, they are kind enough and answer most of my questions when they have time. Right now they are probably concentrating on the token sale so their answers could be somewhat delayed.

Literally they grow the trees but not the fruit themselves.
It's a good business for big investors which would do 100 miners and look for a farm house.
For average Joe, he can rent these tokens later, if he does not use any equipment.

https://cryptonomos.com/?r=VwcRlEThFqc3wL9Np0XsYQBl