He has reached 3.2MHASH in the LYRA2RE algo now. I think he will release it with a percentage fee like he did with the whirlcoinx algo. If the optimized miner can do 3 MHASH on the 970 a 30% fee will still give you 2MHASH wich is almost 100% faster than the opensource. (1.1MHASH)
DJm34's Neoscrypt kernal was over 300% faster than the opensource opencl.. He only got a few BTC in donations for his hard work, and his code is being used by many miners with profit..
Here is his neoscrypt thread:
https://bitcointalksearch.org/topic/neoscrypt-algo-for-ccminer-and-nvidia-card-call-for-donation-916336The source got released, but he has done a private neoscrypt kernal that does 750khs/s on the 980 up from 630.
My free opensource sp-modded version is only around 7% faster than 630. around 680khash
Lyra2re profit per day with the sp-mod 53: $0.4$ per day for one gtx 970.
Profit per day for the private djm34 kernal $1,2 per day for one 780ti (compute 3.5)
I can calculate profit... 30% fee is pretty steep, even if it's faster then public miner, if it's not more profitable then say mining Quark it's not really worth using. At 2MH, quark is more then 2x as profitable baring power costs. Although it is always nice to have options in case Quark continues its downward spiral.
To stipulate here, I'm not a big miner. I'm not a super small miner either. I can't afford paying a couple thousand for a miner or even a couple hundred each month as the majority of mining profits goes into paying loans (especially after the AMD private miner debacle). Not asking people to feel sorry for me or asking for handouts, but I think there is sometimes a disconnect here where people assume all the miners make fuck tons of money and are super stingy. Some people just don't have money. I think this applies to the majority of miners and anyone that isn't swinging a rack full of 970s in a warehouse somewhere.
This is generally why percentage based miners are the most fair to everyone. If there is a target based fee it can be ramped down over time as well. So initial income will be higher if there is a target amount the developer is looking to reach and it will be less worth reverse engineering and/or acquire less hate.
I still say you can build a company off of a percentage based miner at 2%. While my figures were off as I based BTC prices at $500 a pop instead of $200 due to lack of sleep, it's still $3k per month JUST for Quark JUST on Nicehash. There is plenty of money to be made across all the algos, especially when you dump AMD into the mix.
There is more money to be made there with less investment then say mining itself, but that's always been the way. Mining requires a lot of investment for a very risky ROI. ASICs, software development, and exchanges have always been the money makers when it comes to cryptos (and of course scams, but we don't count those).
(yeah why not...)
