Strike a nerve??? Or should I keep drilling???
Keep on editing... you'll figure it out eventually.
Keep dreaming too about your GPU anchors
No, he's talking about you. You do not understand how global hashrates and earnings work, you do not understand how gpu mining works, and you don't seem to understand profit/loss. And all attempts to discuss it with you are met with snarky attitude and a complete blind eye to all information you are provided. All he was suggesting to me was to not waste my time trying to explain it to you, and I was going to ignore him until you posted that. So, sincerely, I wish you luck, as I also own and run an X3 and I would like it to earn for a while longer. If you would like to understand what we're talking about, though, do some research on profit/loss on the A3.
And if you still believe in the X3 so much? I'll sell you mine for $1200 right now. That's $500 less than Bitmain is selling the next batch for, and I'll even ship it UPS 2day so you'd have it by Saturday (if you live in the US).
Also, sincere props on the solar panels. If Tesla/Solar City didn't have such a shitty managerial staff, I'd have them too.
Not sure why he felt compelled to personally attack a convo to which he is neither a party nor contributor. I only responded to those posting/replying here with terrible attitudes about other's choices for mining equipment.
I only have 1 X3 and bought it to experiment, not to set the world on fire and retire rich. I've only mined ETN and as of today started BCN. I don't claim to know everything about mining difficulty still learning since I haven't mined that long. I will not stand for personal attacks by anyone and can defend myself well. I try to keep an open mind but find it laughable when I see numerous alleged GPU owners cry boat anchor referring to X3's, but as soon as they're challenged they vanish. I do appreciate any info as its still a learning process for me at least. Solar panels: previous owner had them installed. Here in Bay area, there's a few more choices than Tesla and SC. thx
I own stock in Tesla. Overall as a company, I like them, but they spent six months dragging their feet on my project (2 months of which was my fault, granted), until the Oregon state solar initiative, around since the 70s, expired. It would have paid out in tax rebates (note: not deductions) $1500/year for four years. Basically it made it affordable. Tesla wasn't able to complete a simple job, one which I had already paid to alter my roof to meet their requirements, the rebate expired, and now I have no solar panels. So great company, inadequate training/staff...
And ok, if you want to understand this stuff, read through what I wrote and some of what the others did, and try to ignore any attitude coming off them. The only gpu miners that are truly bitter are ones who bought during the huge inflationary point around Dec/Jan, but some do feel encrouched upon as mining becomes more and more a business and less a hobby. ASICs are a stepping stone towards centralization, or at the very least, taking the altcoin market out of the hands of the average person and turning it into an industry only the wealthy can afford to weigh into. It's understandable that there is some backlash as a result of that, but a lot of what they have to say is worthwhile information.
As for your hashrate increase, what pool were you using before and which one are you using now? Are the hashrates you're referring to the numbers in the panel or in the pool? Just curious, as there is zero reason you should see an increase in your own hashrate if nothing has been changed on your end.
As for gpu rigs, let me just say this: at average cost, you can buy 4x1070s and a mobo for the same as one X3. Currently, that isn't worthwhile, but then currently neither is the X3. However, if all your electricity was free, I would personally choose the 1070s, as I know a year from now there will still be coins I can mine with it, whereas we're down to, what? 6 coins the X3 can mine, and none of them are really longterm holders (though if you're cashing out into fiat or bitcoin regularly, that's not particularly relevant I suppose). Both a 4x1070 rig and an X3 will run at about the same electricity consumption rate, the rig probably slightly lower. Fine tuned you can shave probably about 100W off that, making it more efficient. And you can add to it and change algorithms.
The real difference, though, is lifespan. Super simply (as I'm at work), as I said before, the difficulty determines how effective your personal hashrate is and how hard it is to find a block. When a block is found, depending on your pool, that's when you get paid (there are some pools for some coins that pay for work regardless, but most pay for overall share percentage of work in finding that block). The block is worth XX amount of coins, which is split amongst the pool based on that percentage. YOUR hashrate determines how much you are contributing; it s a constant you set, and will vary while mining but ultimately over time evens out (as the pool determines what your hashrate is by how many shares you've contributed, and those vary due to many factors, but most pools are pretty close). In other words, your hashrate is a determinate of your contribution as a set amount, not a percentage of the whole. The global hashrate is how many people are contributing their hashrates to the coin, which in turn has a direct impact on how difficult (i.e., how many shares needed) finding a block becomes. So more miners=slower blocktimes=less income. And even simpler, your hashrate is more of a guideline, your actual shares determine how much and often you get paid.
So yeah, the fork and subsequent machines moving to new coins has dropped what you will earn daily. In terms of coin, that amount will likely decrease in direct correlation (algorithmically, mind, not 1:1) to the increase in global hashrate. In fiat currency (for us, USD), that is also effected by the value of the coin, but basically Bytecoin went from bringing in about $18/day to around $12/day at stock hashrates within five minutes of the ETN fork, and that daily earning will likely drop a bit more then stabilize until the next batch of X3s ships, when it will drop significantly further.
To give an example, my A3 was earning $150/day the day it arrived. Within a day it was down to $60, within a week down to $50ish, then another week or two down to $30ish, where it stayed, slowly dropping, for a while. Then another batch came out and it dropped to $10. Currently, it earns about $3/day which, after the rather large (comparatively speaking anyway) electric cost in running it, it currently loses about $.50/day to run it at $.10/kWh. THAT's what we're all talking about. If you were buying today, the Z9 is the smartest option, and until the next batch of gpus comes out, a rig isn't all that wise unless you get a deal on a used one, but overall? Historically way more profitable, even with the larger profits ASICs CAN provide, and over time far more usable.
So, all of that in mind, some of the bitterness over the X3 and Z9 (and, to a lesser extent, the E3) is that they are targeting algos that, after SHA256, Scrypt, and X11 were devoured by ASICs, were considered to be not only ASIC proof, but specifically targeted to gpu/cpu miners. In turn, cpu miners have a similar reaction to some coins that went GPU friendly, and many asic owners will likely have issue with FPGA owners once the second wave of fpgas takes over for a bit. Then the next wave of gpus will come out, then the next wave of asics...rinse, repeat. Plus a lot of people on this board (myself NOT included) have a real issue with Bitmain as a company. So there's a lot going on in here, but what you're doing--attacking an entire branch of mining--is just pissing people off, and that's why you're getting the response you're getting. Remember that many fpga, gpu, and cpu miners, as opposed to ASIC miners, are also devs who have sunk a lot of time and money not just into their setups, but also into understanding the coding and tech side of it, and may have even developed their own coins, algos, miners (software, not hardware), etc. and have a lot more knowledge of this stuff than I do after a year of spending, daily, hours researching and maintaining my own rigs, much less someone new. It'd be like someone coming into your office or wherever you work, taking a look around, and assuming they know more than you do. It isn't personal, if you ask instead of angrily state you'll get a far more positive response around here.
Also I have owned around 8 different ASICs of different algos, and the only two I currently run are the X3 and the B3 (and as of tomorrow, the Z9). But I have 18 gpus and I have been running them non-stop for almost a year. Stick around long enough and you'll understand the benefits and drawbacks of both.
