ETH Difficulty +11% in less than 24 hours. - page 6.

Rutdam

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Quote from: Vaccinus on June 20, 2017, 05:07:00 AM

yeah i also think as to do with asic, because with the current profit that ETH is giving it's worth to build dedicated asic for it, this or there is still someone selling gpu privately maybe, they are not really out of stock like many thing

If the ASIC is confirmed, then there will be a change of PoW.

charles2k

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One Chinese risers manufacturer told me, that at this moment they have orders for 200000 (!!!) risers.
And there are more manufacturers than this one...

mewhoyou

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Screw all this mining ... lets go POS! Problem solved.

thesmokingman

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Quote from: adaseb on June 21, 2017, 12:16:44 AM

Diff is still skyrocketing

3896897 Block eu1 June 19th 2017, 9:13:15 am 765.6 T 11.4 TH/s 69s
3901922 Block eu1 June 20th 2017, 8:09:45 am 847.7 T 11.4 TH/s 35s 213%
NOW
3906485 Block eu1 June 21st 2017, 6:12:55 am 898.3 T 11.6 TH/s 64s 121%

So

in less than 48 hours difficulty went up +17.33%

Where are these GPUs coming from? AMD made max around 3 million per quarter of the RX series.

Pascal/Nvidia - a look around shows 1060s / 1070s sold out everywhere

Tmdz

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I wouldn't worry about it, this could be the effect of some pools getting very lucky on blocks.

Ethermine had 107% luck today.

Metroid

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Xtreme Monster

Quote from: toptek on June 21, 2017, 12:56:29 AM

Quote from: Metroid on June 20, 2017, 04:10:00 AM

That must be nvidia doing their testing on eth networking. You ready? hehe

I was thinking that to there miner only GPU is due out in two days .. on the 23rd or about .... keep watching the DIFF it may drop ...

The way things are, it could be anything really, for money, people do all sorts of things. Let's hope is Nvidia doing their testing.

toptek

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Quote from: Metroid on June 20, 2017, 04:10:00 AM

That must be nvidia doing their testing on eth networking. You ready? hehe

I was thinking that to there miner only GPU is due out in two days .. on the 23rd or about .... keep watching the DIFF it may drop ...

Metroid

sr. member

Activity: 2142

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Xtreme Monster

Quote from: adaseb on June 21, 2017, 12:16:44 AM

in less than 48 hours difficulty went up +17.33%

Definitely, it's impossible to put all these hardware together and just turn on, it takes time and effort and every day the hashrate increases, not all at once in 2 days. This is not looking good.

Price is very determinant to build ASICS, lets see how this will go, if is indeed ASICS then looks like ETH value will crash to hell.

adaseb

legendary

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Diff is still skyrocketing

3896897 Block eu1 June 19th 2017, 9:13:15 am 765.6 T 11.4 TH/s 69s
3901922 Block eu1 June 20th 2017, 8:09:45 am 847.7 T 11.4 TH/s 35s 213%
NOW
3906485 Block eu1 June 21st 2017, 6:12:55 am 898.3 T 11.6 TH/s 64s 121%

So

in less than 48 hours difficulty went up +17.33%

Where are these GPUs coming from? AMD made max around 3 million per quarter of the RX series.

MFahad

hero member

Activity: 2506

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Eloncoin.org - Mars, here we come!

Quote from: MA3A on June 20, 2017, 11:50:38 PM

@dbc23
- very good point. Funny thing is that back in the 90's ALL major video cards HAD slots for ADDING ONBOARD memory. This is wise in terms of card usability aka lifespan, but... DICKS that invented term "goods lifespan" have different point of view on it, thats why no more memory add-on slots. Bizniz.. MORE sales - MORE profit, as simple as that.

However, this has nothing to do with the facts about ETH, that is all in the numbers. Do your research, look at the pool size and numbers and answer the question for yourself, these are the actions of a responsible person in the crypto game and we all do this.

MA3A

full member

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To Hash or not to Hash, that's what the question

@dbc23
- very good point. Funny thing is that back in the 90's ALL major video cards HAD slots for ADDING ONBOARD memory. This is wise in terms of card usability aka lifespan, but... DICKS that invented term "goods lifespan" have different point of view on it, thats why no more memory add-on slots. Bizniz.. MORE sales - MORE profit, as simple as that.

BitcoinPC

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A true conesuer of ETH would have known that there are ASIC ETH flashes that are out there and they have been for six months or more. With the right ASIC you simply flash in the new OS and it can handle its previous algos, plus the ability to hard mine and mint, not a tech revolution, been there the whole time.

Tmdz

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CjMapope

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~Full-Time Minter since 2016~

Quote from: gateway on June 20, 2017, 05:30:19 PM

Quote from: CjMapope on June 20, 2017, 05:18:47 PM

Quote from: gateway on June 20, 2017, 04:36:16 PM

Quote from: CjMapope on June 20, 2017, 03:32:50 AM

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM.

Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU.

ohh, i see, ya im not an ETH miner really so my knowledge obviously is less than yours on the subject i see haha
i was speaking strickly speculative , so i cant argue with those hard facts ;p

dbc23

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Activity: 1036

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Quote from: gateway on June 20, 2017, 05:30:19 PM

Quote from: CjMapope on June 20, 2017, 05:18:47 PM

Quote from: gateway on June 20, 2017, 04:36:16 PM

Quote from: CjMapope on June 20, 2017, 03:32:50 AM

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM.

Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU.

Is it possible this is something that's being done? I'm thinking of system memory daughterboards. Would it be possible to set up a system with several 100 gigs of system memory and use either xeons or offload processing to a GPU and hash that way with Dagger?

I realize latency would become a serious problem dealing with the system bus and having to hold and communicate between system memory on then daughterboards and the GPU/CPU, but if it's truly a matter of AMOUNT of memory then this sounds like it might be a way to build a massive daggerhash machine.

I'm guessing memory bandwidth and latency plays a major role though (from my limited BIOS tweaking experience) in which case this might have to do with some early Vega cards coming online, I think they're all using HBM if I'm not mistaken.

Does look, if these numbers are all correct that something more than a large GPU shipment suddenly coming online, this looks like something of a different kind.

adaseb

legendary

Activity: 3808

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The devs need to do something quick with this ice-age because there is crazy backlogs going on with the ETH blockchain. Look at Bittrex

Quote

Wallet Notices
EMC2 (Einsteinium): EMC blockchain experienced a double spend attack. We are working with the development team on a fix.
EFL (ElectronicGulden): EFL blockchain experienced a double spend attack. We are working with the development team on a fix.
QTL (Quatloo): QTL blockchain experienced a double spend attack. We are working with the development team on a fix.
SDC (ShadowCash): SDC wallet is being removed Jun 23rd, 2017
ARCH (ArchCoin): Wallet being deleted
WBB (Wild Beast Block): Wallet will be removed on 6/23 - We are processing WITHDRAWALS ONLY. Deposits will not be credited - https://twitter.com/WildBeastBTC/status/871389558990139392
AEON (Aeon): AEON wallet offline for maintenance
ETH (Ethereum): Wallet offline - Blockchain congestion detected
TX (TransferCoin): Automated Maintenance.
BTA (Bata): Wallet Maintenance
DGD (Digix DAO): Wallet offline - Blockchain congestion detected
RISE (Rise): Wallet swap will happen on July 19th. Details at https://rise.vision/swap/
UNB (UnbreakableCoin): UNB blockchain experienced a double spend attack. We are working with the development team on a fix.
XAUR (Xaurum): Wallet offline - Blockchain congestion detected
SNGLS (SingularDTV): Wallet offline - Blockchain congestion detected
JWL (Jewel): JWL wallet is being removed July 14th, 2017
REP (Augur): Wallet offline - Blockchain congestion detected
HKG (HackerGold): Wallet offline - Blockchain congestion detected
ION (Ion): Wallet Offline at dev request
SWT (Swarm City Token): Wallet offline - Blockchain congestion detected
TIME (Chronobank Time): Wallet offline - Blockchain congestion detected
MLN (Melon): Wallet offline - Blockchain congestion detected
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NXC (Nexium): Wallet offline - Blockchain congestion detected
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BAT (Basic Attention Token): Wallet offline - Blockchain congestion detected
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gateway

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Quote from: CjMapope on June 20, 2017, 05:18:47 PM

Quote from: gateway on June 20, 2017, 04:36:16 PM

Quote from: CjMapope on June 20, 2017, 03:32:50 AM

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

Dagger Hashimoto is memory-hard, which means that ASIC and FPGA gain no advantage because everyone is limited by the speed of RAM.

Because the primary determinant of hardness is memory, and not computation, specialized hardware has only a tiny advantage; even an optimal Dagger mining ASIC would have little to offer over a hobbyist purchasing hundreds of gigabytes of memory cards off the shelf and plugging them into a medium-power GPU.

CjMapope

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Activity: 1820

Merit: 1092

~Full-Time Minter since 2016~

Quote from: gateway on June 20, 2017, 04:36:16 PM

Quote from: CjMapope on June 20, 2017, 03:32:50 AM

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road).

However anything is possible

i would argue you never once mentioned "Dagger". it's like the sole reasoning it wouldn't happen is ETH/ETC are the only coins to mine if one had an asic?
There will be coins we dont even KNOW of yet that use dagger and are huge, some would say Ubiq and Musiccoin could be long term right NOW even
There's no doubt to me a dagger ASIC would be profitable, at this point they could even tap out a batch of chips i bet .

Course, yes, us little guys its all speculation, "anything IS possible"

sp_

legendary

Activity: 2926

Merit: 1087

Team Black developer

Quote from: adaseb on June 20, 2017, 02:50:12 PM

Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01

...

Difficulty up, no security, price down.

Quote from: adaseb on June 20, 2017, 04:24:44 PM

With the Metropolis release these block times will be fixed back to 14 seconds however the Ethereum foundation devs are delaying the release as late as possible to control the supply.

Out of budget, They need an iceage to swallow the emission.

gateway

hero member

Activity: 552

Merit: 500

Quote from: CjMapope on June 20, 2017, 03:32:50 AM

Holy carp 11%+ in one go!

It would be logical to assume at this point an ASIC, there are and will be other future dagger coins, even once ETH goes PoS

Crazy times gentlemen, think ill stop buying ti's for a while see where mining goes in next 30 days or so, thx for the info man!

EDIT: Sorry was late to the game posting, and as many people have said, its not ASIC..

Original:

Not sure about ASIC since it takes a lot of development time, resources and money. It doesn't *seem* to make sense since at some
point ETC will go to POS, granted starting out at %1 but will go over time, making miners obsolete at some point. (still down the road).

However anything is possible

Topic: ETH Difficulty +11% in less than 24 hours. - page 6. (Read 12935 times)