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Topic: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN) - page 112. (Read 1170617 times)

member
Activity: 142
Merit: 11
current diff ---  41,913   BOOM!!!!
newbie
Activity: 21
Merit: 0
At this rate less than 12h for diff change ;x
newbie
Activity: 69
Merit: 0
member
Activity: 480
Merit: 68
It's not only NiceHash, MiningRigRentals, also WinMiner and several other multi-algo miners. All of them jumps from coin to coin as they see low diff....
Devs have to somehow look at the diff retarget in order to counter this madness.
This is exact quote of my post in Discord group.  Roll Eyes
newbie
Activity: 21
Merit: 0
Clearly manipulation...

It's not only NiceHash, MiningRigRentals, also WinMiner and several other multi-algo miners. All of them jumps from coin to coin as they see low diff....
Devs have to somehow look at the diff retarget in order to counter this madness.
newbie
Activity: 50
Merit: 0
The panic mode has started, the coin is rapidly losing value...)) Vincent's not coming?))
And Yes-Nicehash must die!!!
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
Later edit: total hashrate from nicehash is now 2.6 TH.


Diff 13k

Man, major players into this now.

I've never bothered with NiceHash... how can you see the hashrate that they provide? Do you have to be registered?
full member
Activity: 378
Merit: 102
Later edit: total hashrate from nicehash is now 2.6 TH.


Diff 13k

Man, major players into this now.
jr. member
Activity: 83
Merit: 1
I am still filling my bags with cheap coins because of huge potential. I am very bullish on this revolutionary platform which will make wonderful rise in future.

You have no idea how quick you can destroy a coin with huge potential when acting bullish Smiley
full member
Activity: 798
Merit: 102
I am still filling my bags with cheap coins because of huge potential. I am very bullish on this revolutionary platform which will make wonderful rise in future.
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
The problem is that at some point, the ones who actually hold the network (us) will get tired of being screwed like this and will quit mining the coin. At that point, in a case of 40K difficulty you'll have hashrate of maybe 2-3 GHz and you'll never end 2016 blocks to get it back down.

That is the moment a coin dies Smiley.

I remember something similar happening with Electroneum after it forked the Cryptonight algorithm and it went from ASICs to GPUs. For the first 2 days the difficulity was too high for the few GPU miners to handle it and the devs themselves had to purchase NiceHash power!
jr. member
Activity: 83
Merit: 1
The problem is that at some point, the ones who actually hold the network (us) will get tired of being screwed like this and will quit mining the coin. At that point, in a case of 40K difficulty you'll have hashrate of maybe 2-3 GHz and you'll never end 2016 blocks to get it back down.

That is the moment a coin dies Smiley.
legendary
Activity: 1554
Merit: 2037
I'm not sure why everyone is so surprised by this. I guess because when I started mining RVN diff was 27K everything below has been a gift.

If it really bothers you just buy coins in the interim, or be happy pulling in whatever and continue to hold.

Don't get me wrong I'm hoping they make adjustments similar to what was done for Bcash when it was going through the same issue.
full member
Activity: 728
Merit: 169
What doesn't kill you, makes you stronger
Later edit: total hashrate from nicehash is now 2.6 TH.


Diff 13k (not 9K at least like last time). Hashrate from NH went to 1.5 TH for X16r (not all goes to Ravencoin but clearly most of it will).

Let's see how it goes now?

One thing is clear however. All that nonsense of FPGAs was just that...nonsense. Real culprit here is NH.

Like mining on FPGAs or on GPUs makes any difference, if the users of either FPGAs or GPUs point their machines to NiceHash, only bad things happen. At least FPGA users are less likely to be script-kids who will throw their hash to NH. Also it's not possible for FPGAs to mine on multi-pools, those pools automaticaly point miners to Raven when the profit high (=diff is low) and then leave when the profit gets lower (=diff is high).

This is not going anywhere btw... we hit 2.7 TH hashrate, in a few hours the 2016 blocks will have been mined and the diff will shoot up to about 60.000 I'd guess, and since the profitability will nosedive, all the miners will leave.
With sadness I had to sell 75% of my RVN since I'm afraid of what will happen when there will be no miners to support the network, and I've been gathering them for months.

Maybe when there will be FPGAs miners supporting the network, the NiceHash's hashrate won't be enough to create problems.
jr. member
Activity: 35
Merit: 1
This is cancer. Almost 3TH/s now. I am sick of NH.
member
Activity: 104
Merit: 44
I know nicehash will be cancer for RVN mining, but this is just crazy.

After this hours of 5 Blocks per minute we will drop back to Diff >30000 and it will take 4 days to come back to another 8 hour phase of low difficulty.

What are the thoughts from the devs about this behavior?
jr. member
Activity: 83
Merit: 1
Later edit: total hashrate from nicehash is now 2.6 TH.




Diff 13k (not 9K at least like last time). Hashrate from NH went to 1.5 TH for X16r (not all goes to Ravencoin but clearly most of it will).

Let's see how it goes now?

One thing is clear however. All that nonsense of FPGAs was just that...nonsense. Real culprit here is NH.
jr. member
Activity: 83
Merit: 1
The Diff won't be a big dip. Nicehash though already going toward 1TH of hashing as opposed to 200 GH yesterday.
newbie
Activity: 11
Merit: 0
Hello guys, new Multi-Pool mining :

Many currencies available
0.90% fees only !


Stratum :
Code:
stratum+tcp://z-pool.eu:3636

Miner command line :
Code:
-a x16r -o stratum+tcp://z-pool.eu:3636 -u YOUR_ADDRESS -p c=RVN

Welcome to all & happy mining !
jr. member
Activity: 35
Merit: 1
It took 3 and 1/2 days to mine the 2016 blocks. And the next difficulty dip will be cleared within 8 hours. So happy 8 hours mining for every one NH especially Sad
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