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Topic: Happy New Years! Seventh alt coin thread! (Read 34194 times)
I think a fresh start would be nice, since half the year is almost gone.
I vote for a new 8th alt coin thread
I vote for a new 8th alt coin thread
Please dont close the thread its a great place to learn from older miners and exchange expireince in mining word where most of people are looking for profit only.Also for those who think that raven will hit big exchange soon i wouldnt hold my breath on it,exchanges are asking for a letter from big law company where is stated that raven isnt a seccurity and want one of devs to submit the request for listing(exhcanges covering their ass from legal point)while raven is trying to act like a "community project"even tho core devs are working for medicci and coin itself was heavily planned before launch
There's a bit of negativity in this thread ATM. It's a little bit unwarranted, IMO - profits for GPU miners are much higher than 4-6 weeks ago.
I'm currently pumping 32 team green cards and 8 Vegas for 0.0075 BTC per day. Not world-changing by any means, but hardly worth flicking the switch.
I have a single Z9 on the way, hedging my bets a little. Aside from that though, I haven't expanded since January.
Just slowly accumulating BTC for the long-haul. $1T is just a question of when, not if.
I'm currently pumping 32 team green cards and 8 Vegas for 0.0075 BTC per day. Not world-changing by any means, but hardly worth flicking the switch.
I have a single Z9 on the way, hedging my bets a little. Aside from that though, I haven't expanded since January.
Just slowly accumulating BTC for the long-haul. $1T is just a question of when, not if.
Thinking of shutting down thread. Gpu mining is in sad shape.
Thoughts everyone?
Looks like Metroid called it.
Thoughts everyone?
Looks like Metroid called it.
Well I mean the thread is called the Alt Coin Thread, not the GPU thread. The people who are going to sit there and wring their hands about asics and any other technology that outperforms GPUs are going to be left behind. The reality is that the more valuable the coin is, the more research and resources will be dedicated to inventing more efficient miners. Don't get me wrong, GPU mining is far from dead, but with current profits I think we are well past the point of lively discussions about finding solutions to cramming as many GPUs as humanely possible into a single rig. Another reality is that it seems like the most profits are made on young and promising coins that are rising in value. Can anyone name a new coin in the last 6 months that hasn't been an absolute shitcoin? To make matters worse, any new coin that does come out with promise, dies as soon as multipools like zpool add it and drive up the difficulty, switch to something else, rinse and repeat. I think things will improve by the time nvidia releases their new cards, but until then I think thinking outside of the GPU box is the key to profitability.
mining and dumping is the asic way since they are basically op and can mine so many coins a day.
me im mining a combo of gpu only coins on some rigs , eth and monero on amd and vega but holding all my extra coins instead of investing in new hardware.
diff goes up oh well just mine and hold, trying to match difficulty and hashrate with these over inflated gpu prices is a losing game.
if i do buy new gear it will be 11x series card if retail is the listed price and vega 20 next year
legendary
Activity: 1848
Merit: 1166
My AR-15 ID's itself as a toaster. Want breakfast?
i missed out on rvn.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
Apparently RVN was added to zpool; so it's on a major exchange if that's so....
Thinking of shutting down thread. Gpu mining is in sad shape.
Thoughts everyone?
Looks like Metroid called it.
Thoughts everyone?
Looks like Metroid called it.
Well I mean the thread is called the Alt Coin Thread, not the GPU thread. The people who are going to sit there and wring their hands about asics and any other technology that outperforms GPUs are going to be left behind. The reality is that the more valuable the coin is, the more research and resources will be dedicated to inventing more efficient miners. Don't get me wrong, GPU mining is far from dead, but with current profits I think we are well past the point of lively discussions about finding solutions to cramming as many GPUs as humanely possible into a single rig. Another reality is that it seems like the most profits are made on young and promising coins that are rising in value. Can anyone name a new coin in the last 6 months that hasn't been an absolute shitcoin? To make matters worse, any new coin that does come out with promise, dies as soon as multipools like zpool add it and drive up the difficulty, switch to something else, rinse and repeat. I think things will improve by the time nvidia releases their new cards, but until then I think thinking outside of the GPU box is the key to profitability.
i missed out on rvn.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
I’m looking to host some l3’s out there if you wanna sublet space.
I definitely do not want to be responsible for anyone else's equipment. I already gotta worry about my own hardware, good thing is none of the wanna be gangbangers on the block even know what Uber Eats is, true story - they thought we were drug dealers that moved in because we had uber eats rolling up every day dropping "bags" out the window of cars driving up lol. Idiots, and to top it off, you a gangbanger piece of shit, why are you trying to snitch?!?!
i missed out on rvn.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
I’m looking to host some l3’s out there if you wanna sublet space.
i missed out on rvn.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
sold off most the equipment so now my warehouse is pretty empty lol. down to my last 50 GPU's not sure if I'm going to gut it down even more.
guess time will tell. keep up the good work guys.
question on my rvn coins has any new exchanges picked them up?
here is what i found on coin market cap.
question on my rvn coins has any new exchanges picked them up?
A couple...https://coinmarketcap.com/currencies/ravencoin/#markets
...but nothing really earth-shattering. You might have to wait a bit longer for a larger exchange to actually pick them up.
What I would like to know besides what the SIA chap said, is how ASICs will handle new algoryths like X16r&X16s. And I hope we will see new anti-ASICS improvements soon.
the way im reading it (ie: guessing) is the line between fpga and asics are blurring.
only highend gpus with high efficiency can even remotely compete, simply because they can be on a new algo (really new not just a tweak of an existing algo) within days, more or less. even then it would be hit or miss. maybe a few months good gpu mining on a new algo, then fpga/asics roll in and bam, profits drop like a rock.
question on my rvn coins has any new exchanges picked them up?
Another Ethash coin that the 3GB 1060s can mine is MUSIC; I feel it has better prospects that UBQ, too. Mind you, the very first coin I mined was UBQ - using a single 1050Ti (!!!) - so I am somewhat familiar with it, I just think that the whole smart contract shtick will be done better by DERO (CryptoNight - currently overrun by ASICs so don't even bother trying to mine it with a GPU).
Sounds good sir! I've not researched MUSIC myself, but I know a lot of people mine it. Also higher profits according to WTM, which is also nice. I'll probably look into it.
I've only ever had GTX 1060's hooked up. It varies, but lately (after power) I've been making around $0.85 - $1.17/day/card. I mine a mix of Zcash, Ubiq and Ethereum. All of the cards I've purchased have cost anywhere from $170 to $260. They ROI pretty fast in my opinion, but resell value not as good as better cards, relatively speaking.
All my 3 gig cards already stopped working with Ethereum due to excessive DAG file sizes, so I moved them over to Ubiq which uses the same ethash algo and still works great.
All my 3 gig cards already stopped working with Ethereum due to excessive DAG file sizes, so I moved them over to Ubiq which uses the same ethash algo and still works great.
Another Ethash coin that the 3GB 1060s can mine is MUSIC; I feel it has better prospects that UBQ, too. Mind you, the very first coin I mined was UBQ - using a single 1050Ti (!!!) - so I am somewhat familiar with it, I just think that the whole smart contract shtick will be done better by DERO (CryptoNight - currently overrun by ASICs so don't even bother trying to mine it with a GPU).
16 x 1080ti's = $30.00 after power
1 amd rig with aryzen and 2 small amd card at eth this rig earns 2 bucks cost 5 kwatts = $1.25 a day profit
1 amd rig with aryzen and 2 small amd card at eth this rig earns 2 bucks cost 5 kwatts = $1.25 a day profit
I've only ever had GTX 1060's hooked up. It varies, but lately (after power) I've been making around $0.85 - $1.17/day/card. I mine a mix of Zcash, Ubiq and Ethereum. All of the cards I've purchased have cost anywhere from $170 to $260. They ROI pretty fast in my opinion, but resell value not as good as better cards, relatively speaking.
All my 3 gig cards already stopped working with Ethereum due to excessive DAG file sizes, so I moved them over to Ubiq which uses the same ethash algo and still works great.
16 x 1080ti's = $30.00 after power
1 amd rig with aryzen and 2 small amd card at eth this rig earns 2 bucks cost 5 kwatts = $1.25 a day profit
1 amd rig with aryzen and 2 small amd card at eth this rig earns 2 bucks cost 5 kwatts = $1.25 a day profit
Don't do this Philip, you're my muse when it comes to mining
what are you mining? I think GPU mining is far from dead however it is not exactly rosy. Chasing new coins and either dumping the shitcoins or holding the ones with some hope is still a way to go if you want a quick buck. My rigs are still making around $1k after elec in a month. They'll ROI soon anyways.I've been worried about a lot things lately, ASICs, FPGAs but then I realised there is no point in worrying, most of the things are out of my control. I can still trade whatever I mine instead of just autoexchanging.
[...] I'm sort of hoping 'programmable' miners come to reality this year. In some respects Baikal have set the ball rolling as they add new algos now and then to existing machines. [...]
I might be wrong, but as far as I understand, the programmability of ASIC miners is limited. The reason they are so fast is because they've been designed to do just one thing. And because they're hardwired to a specific algorithm from the ground up, there's not much headroom to make them do other algo's. They might be able to do other additional algos, but they would be quite inefficient at it.
Being inefficient might end up still being better than GPU's (per spent watt), so it may still be worth it, and that's probably why some manufacturers add additional algo's to their miners.
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