Cryptonight / Cryptonote - On GPUs and ASICs and profitability - page 2.

noctrex

newbie

Activity: 8

Merit: 0

Quote from: jdoi on March 16, 2018, 08:13:46 PM

Quote from: QuintLeo on March 16, 2018, 05:03:31 PM

They can change to fix their ASIC - but it takes MONTHS once they have access to the new algorithm - redesign the chip, validate, do a tapeout, test, then *if* the tapeout chips are right order production to go into the QUE when space comes open.

I can see Bitmain trying to do this perhaps ONCE, I doubt they'll try after the first time due to the COST.

Makes sense.

Especially now that the Monero Team has said that the algo will change every six months, byebye ASICs !

jdoi

jr. member

Activity: 34

Merit: 4

Hi

Quote from: QuintLeo on March 16, 2018, 05:03:31 PM

They can change to fix their ASIC - but it takes MONTHS once they have access to the new algorithm - redesign the chip, validate, do a tapeout, test, then *if* the tapeout chips are right order production to go into the QUE when space comes open.

I can see Bitmain trying to do this perhaps ONCE, I doubt they'll try after the first time due to the COST.

Makes sense.

QuintLeo

legendary

Activity: 1498

Merit: 1030

They can change to fix their ASIC - but it takes MONTHS once they have access to the new algorithm - redesign the chip, validate, do a tapeout, test, then *if* the tapeout chips are right order production to go into the QUE when space comes open.

I can see Bitmain trying to do this perhaps ONCE, I doubt they'll try after the first time due to the COST.

jdoi

jr. member

Activity: 34

Merit: 4

Hi

Quote from: vlad230 on March 16, 2018, 08:19:27 AM

Nice research! Merited!

It would be nice if you could maintain this thread for a while and let everybody know which coin will be forked to be ASIC resistant.

My opinion is that whatever coins will not be ASIC resistant will fail and it's not worth investing in them.

Thanks! I will try to keep in pace with the changes over the months. My worry is the fork is coming sooner (later this month in case of monero afaik) than the ASICs (e.g. Bitmain in May) and they might be able to account for the forks - maybe not easily, but would be possible for the ASIC giant like Bitmain.

vlad230

sr. member

Activity: 616

Merit: 279

Nice research! Merited!

It would be nice if you could maintain this thread for a while and let everybody know which coin will be forked to be ASIC resistant.

My opinion is that whatever coins will not be ASIC resistant will fail and it's not worth investing in them.

jdoi

jr. member

Activity: 34

Merit: 4

Hi

Quote from: ark5001 on March 16, 2018, 07:03:08 AM

Also IPBC:
https://www.reddit.com/r/ipbcoin/comments/83v9mn/asic_resistance/
https://bitcointalk.org/index.php?topic=2856278.860

Thx, updated!

ark5001

newbie

Activity: 2

Merit: 0

Also IPBC:
https://www.reddit.com/r/ipbcoin/comments/83v9mn/asic_resistance/
https://bitcointalk.org/index.php?topic=2856278.860

jdoi

jr. member

Activity: 34

Merit: 4

Hi

Quote from: noctrex on March 15, 2018, 08:38:16 AM

Also TurtleCoin:
https://github.com/turtlecoin/meta/issues/74

Thanks, will update. I should add a column to confirm that the coin has been hard forked.

Quote from: Prelude on March 15, 2018, 08:43:55 AM

Nice well made post, good initiative. Cool

Thx

Prelude

legendary

Activity: 1596

Merit: 1000

Nice well made post, good initiative. Cool

noctrex

newbie

Activity: 8

Merit: 0

Also TurtleCoin:
https://github.com/turtlecoin/meta/issues/74

jdoi

jr. member

Activity: 34

Merit: 4

Hi

Quote from: Kalyst69 on March 15, 2018, 05:45:33 AM

Graft too

https://www.graft.network/blog/

GRAFT team shares the same concerns raised by Cryptonote/Cryptonight community associated with creating a special hardware (ASIC) for Cryptonight mining. We realize that enabling ASIC (Application Specific Integrated Circuit) at this point may introduce a risk to stability, decentralization, and even very existence of GRAFT blockchain. After thorough review we decided to support the anti-ASIC movement and add an ASIC-resistant code in the next fork. We will follow up with more details about the implementation and timelines soon. Thank you for your support, stay tuned!

Thanks, updated the list!

Kalyst69

jr. member

Activity: 147

Merit: 1

Graft too

https://www.graft.network/blog/

GRAFT team shares the same concerns raised by Cryptonote/Cryptonight community associated with creating a special hardware (ASIC) for Cryptonight mining. We realize that enabling ASIC (Application Specific Integrated Circuit) at this point may introduce a risk to stability, decentralization, and even very existence of GRAFT blockchain. After thorough review we decided to support the anti-ASIC movement and add an ASIC-resistant code in the next fork. We will follow up with more details about the implementation and timelines soon. Thank you for your support, stay tuned!

jdoi

jr. member

Activity: 34

Merit: 4

Hi

There are a few new ASICs released for mining the coins based on cryptonight/cryptonote protocol. I'm listing the coins that can be mined with GPUs (or conversely ASICs), with some profit as we go forward.There are some coins that claim and promote asic resistance, so there will be forks and updates and this thread could be a good place to track the mining choices. On the other side of the table, the difficulty for some coins will rise exponentially making it difficult to profit with GPUs. Also, while there is discrepancy in profitability of a small GPU rig vs a large one on cryptonight coins, it certainly is not on the scale of a few ASICs or a farm, so focus is on possibility of any profitability in future. Please feel free to correct and update as necessary.

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| Coin | GPU | ASIC resistant | Forked | Algorithm |
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| Electroneum . Yes . Yes [1] . Upcoming[4] | CN |
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| Bitcoal . Yes . . | CN |
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| Dero . Yes . Yes . | CN |
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| Leviarcoin . Yes . . | CN |
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| Bytecoin . Yes . No . | CN |
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| Karbo . Yes . . | CN |
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| Dinastycoin . Yes . . | CN |
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| BitcoiNote . Yes . . | CN |
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| CrepCoin . Yes . . | CN |
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| B2B . Yes . . | CN |
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| Elya . Yes . . | CN |
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| Qwerycoin . Yes . . | CN |
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| Ultranote . Yes . Maybe . | CN |
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| EDollar . Yes . Yes . | CN |
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| Aeon . Yes . Maybe . | CN-lite |
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| Graft . Yes . Yes . Yes | CN-v7 |
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| Stellite . Yes . Yes . Yes | CN-v7 |
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| Intensecoin . Yes . Yes . Yes | CN-v7 |
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| Masari . Yes . Yes . Yes | CN-v7 |
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| Monero . Yes . Yes . Yes | CN-v7 |
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| Fonero . Yes . Yes . Yes | CN-v7 |
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| BBS . . Yes . Yes . Yes | CN-v7 |
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| ItaloCoin . Yes . Yes . Yes | CN-v7 |
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| Lines . Yes . Yes . Yes | CN-v7 |
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| Haven . Yes . Yes . Yes | CN-Heavy |
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| Sumokoin . Yes . Yes [3] . Yes | CN-Heavy |
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| Loki . . Yes . Yes . Yes | CN-Heavy |
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| Ombre . Yes . Yes . Yes | CN-Heavy |
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| Solace . Yes . Yes . Yes | CN-Heavy |
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| IPBC . Yes . Yes . Yes | CN-IPBC |
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| Turtlecoin . Yes . Yes . Yes | CN-lite-v1 |
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| Trition . Yes . Yes . Yes | CN-lite-v1 |
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| Iridium . Yes . Yes . Yes | CN-lite-v1 |
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| Alloy . Yes . Yes . Yes | CN-Alloy |
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* Updated: List as of May 03, 2018, will add coins as I find correct information (or sources from comments)

** The column "Coin" lists the Cryptonote coins

*** The column "GPU" is to determine if it is still profitable to mine with GPUs

**** The column "ASIC resistant" is to confirm the stance of the coin devs/team on ASIC resistance. If the team are actively working and updating, the column should say "Yes".
If the coin promotes ASIC resistance, but there is no update yet the column should be "Maybe", else "No"

***** I will update as much frequently as I can, after confirming the sources and will add them here

****** Disclaimer: This is neither an advertisement for the ASICs nor the coins per say, just information that can be useful for GPU miners. Please do not consider this as a definitive guide or advice on which coins to mine, but a source of information. Do confirm the facts and if possible help keep the list updated

Sources for ASIC Resistance:
Monero - https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html
Stellite - https://bitcointalksearch.org/topic/annpow-torque-decentralized-node-list-via-ipfs-zeronet-2813261
Graft - https://www.graft.network/2018/03/14/graft-anti-asic-fork/
Turtlecoin - https://github.com/turtlecoin/meta/issues/74
Dero - https://www.reddit.com/r/DeroProject/comments/84kufy/deros_official_position_on_asics/
Electroneum - https://www.reddit.com/r/Electroneum/comments/84nvzi/richard_ells_confirms_proasic_stance/ https://www.reddit.com/r/Electroneum/comments/84nlik/etn_will_follow_monero_and_implement_anti_asic/
   [1] Although they have claimed the Anti-ASIC stance, they mentioned will follow footsteps of monero, so no definite timeline yet.
   [4] Update: Seems there will be a hard fork on May 30
IPBC - https://www.reddit.com/r/ipbcoin/comments/83v9mn/asic_resistance/
   https://bitcointalk.org/index.php?topic=2856278.860
Ultranote(XUN) - https://bitcointalksearch.org/topic/ann-3-xun-ultranote-is-ready-everyone-is-welcome-to-mine-2357930
Edollar(EDL) - https://bitcointalksearch.org/topic/startedairdrop3-25th-march-electronic-dollaredollar-2643196
Aeon - https://bitcointalksearch.org/topic/ann-aeon-2019-09-27-upgrade-to-version-01300-asap-hf1146200-oct-25-641696
Alloy(XAO) - https://bitcointalksearch.org/topic/m.32475110
Intensecoin - https://bitcointalksearch.org/topic/m.32364315
   [2] The response of the team is wait and see how it affects, so I'm not positive they will do anything before the miners start mining.
Masari - https://www.reddit.com/r/masari/comments/84o1bc/development_thaers_comments_on_masari_following/
Sumokoin - https://www.reddit.com/r/sumokoin/comments/83s0we/will_sumokoin_fork_to_kick_off_the_baikalminer/
   [3] From the thread seems like they will change if it affects the coin,
   for now they it's wait and see how things go approach.
   Update(Mar 22): Seems like they are testing out the fork:
   https://twitter.com/sumokoin/status/976222145603883009
ItaloCoin: https://bitcointalksearch.org/topic/ita-italocoin-is-secure-private-untraceable-3122277
Lines: https://bitcointalksearch.org/topic/ann-lines-3162385
Bytecoin: https://bytecoin.org/blog/the-asic-statement-clarification-from-the-bytecoin-team

Sources on fork:
Monero - https://github.com/monero-project/monero/pull/3253
   https://www.reddit.com/r/CryptoCurrency/comments/82w91m/monero_network_upgrade_at_block_153950028th_of/
IPBC - https://www.reddit.com/r/ipbcoin/comments/8cms2s/ipbc_has_now_forked_at_block_54900_all_you_need/
Fonero - https://github.com/fonero-project/fonero/releases
Turtlecoin - https://github.com/turtlecoin/turtlecoin/releases
Sumokoin - https://www.reddit.com/r/CryptoCurrency/comments/89vvmn/after_being_attacked_by_the_asic_past_few_days/
Electroneum - https://www.reddit.com/r/Electroneum/comments/8chvjx/when_antiasic_fork/
Graft - https://www.graft.network/2018/04/17/graft-network-node-update-1-1-2-block-64445/

Ref: There are a few threads on bitcointalk for specific miners, and specs about them on Baikal and Bitmain websites

Algorithm:
CN : CryptoNight
CN-v7 : CryptoNightV7 or CryptoNight-Variant1
CN-lite : CryptoNight-Lite
CN-IPBC : CryptoNight-lite variant (Cryptonight-IPBC)
CN-Heavy : CryptoNight-Heavy
CN-lite-v1: CryptoNight-lite Variant 1
CN-Alloy : CryptoNight-Alloy

Topic: Cryptonight / Cryptonote - On GPUs and ASICs and profitability - page 2. (Read 1673 times)