Topic: Happy New Years! Seventh alt coin thread! - page 45. (Read 34194 times)

They're 100% dumb, but I doubt they miscalculated. They have been able to mine YUGE sums of money with these in the last months. They have for sure covered their R&D and production costs on these ASICs. Their cash cow is now dead, so they try pass these on to us.

ASIC companies are absolutely, 100% of the time bad actors. Does that mean you can't make money with some ASICs? No. But when they decide to sell ASICs to the public, they have calculated that they've been milked as much as possible and then throw us the scraps to make even more money off of our backs.

Fuck ASICs, and fuck bitmain in baikal in particular.

they think they are smart but in the long term this is a big miscalculation based on thier overwhelming greed.
they have basically exposed the fact to even the nonbelivers that they mine for months with thier asics before releasing them.  They have shown withoute a doubt that they are a bad actor in the mining space , heck I think this might eveb give sia and other devs the ammunition they needed to push thier forks though.

Don't think they'll change memory requirements, that's not needed to thwart these ASICs. Just a simple change in the maths is all that's needed to ruin these.

Monero dev is all about decentralization, don't think they'd limit who can participate in the network to only a few 10GB+ cards. (1080Tis, Titans, and Vega Frontier Editions)

hold onto your 1080ti's

they are 11gb

maybe  that would be good for next algo.

if the next algo allows for only 10gb of ram the 1080ti's could go to the moon.

Bitmain and baikal knows exactly what they're doing. They got the rug pulled out from under them with the algo change, making their ASICs worthless. All they can do besides recycling them for precious metals is dump them on unsuspecting, uninformed miners. This is 100% a malicious move on both their parts. If the algo switch hadn't been announced, these would still be humming away in their farms making them huge profits.

It's sad that they'll get away with selling some of these to people with more money than brains.

I am expecting the network hashrate to significantly drop when xmr forks. The hash rate of xmr has quadrupled in the last few months how much of this was these asics??
Surely people are not stupid enough to buy these cryptonight asics

They're going to be bloody expensive paperweights real fast.
I doubt even the FIRST adopters will manage to make back half their price.

Seems like Bitmain didn't think THIS move through at all.

Doesn't matter in the slightest. The cryptonight coins worth mining are switching algos, these things are paperweights like baikals miners. Why do you think bitmain and baikal are dumping these on the masses as soon as monero dev announced algo change?

GPU mining just got harder...

========
Dear subscriber,

We are proud and happy to announce that we are launching the all-new Antminer X3, a new Antminer model for mining cryptocurrencies based on the hashing algorithm CryptoNight.

The Antminer X3 delivers a minmum hashrate of 220KH/s while consuming 550W of total power.

To prevent hoarding by certain users or resellers and to ensure that more individual miners in different time zones around the world are able to order this new ASIC miner, we have made some changes:

There is a limit of one miner per user for all orders in the current (two) batches.
We will release both these batches with an equal stock thrice today: at 3PM, 6pm and 9PM (15 March, GMT+8).
Click below to learn the price or to order after the scheduled time of launch:

Regards,

The Bitmain team
=========

Did excavator ever get upgraded to be competative with recent ewbf/dstm/bminer versions?
Last I can remember it was quite a bit behind the "performance" curve.

Well The excavator miner from nicehash switches really, really fast.  They explained how it works, it has drawbacks too but its pretty good software.

Which is going to happen anyway, just with a bit more "small spike" and "small negative spike" room if folks had to switch manually to "chase the profits".

It still takes time for ANY miner to initialize when it first starts up - and the ETH ones with "on-GPU DAG file creation" are particularly slow.

It also takes time for the miner to handshake with whatever pool you are using when it first starts up.

1 MINUTE is not uncommon at all for "first start the program to first actual mining done", though MOST miners don't take quite that long.

If you're only switching once in an hour or less, it's not a big deal - but some switchers want to switch you every 2-5 minutes, at which point it's an ISSUE and some significant lost revenue.

Thanks I will look at it.

Those of you running Awesome Miner might want to check out this thread which reports a potential vulnerability: https://bitcointalksearch.org/topic/possible-hack-mining-farm-3114689

I think is the major coin we can mine with GPU. I hope ZEC will announce that if there is sign of ASIC or FPGA, they will change the PoW.

I think it's time consuming and requires a certain level of expertise (knowledge of correct intensity levels of multiple algos, core and mem clocks, power target etc). Many prefer plug and play which is why nicehash is successful.

In my testing, it takes way too long for my 1080ti rigs to ramp up on certain algos like Skein, often 3 - 4 mins before all 8 gpus are hashing. Likely the g3900 cpu is too weak, the g4560 rigs is not as slow.

Instead of automation I have scripts that can change group of rigs to another coin and manually switch/check profitability daily. Most my time last week was on zcoin averaging $3.10 day per 1080ti. It's never the most profitable, but close enough and more power efficient , cost about 15 cents less electricity per day compared to other algos. But I should try your method, 10% extra revenue is worth chasing.

Selling your vega's why?  Baikal has been secretly mining 75% of all the new Monero Blocks for the past
3 months, they are about to get kicked off in less then 2 weeks.  Monero is about to become profitable, at least for a short time.
Gona take my vegas off duel minning eth since bitmain probably has some kinda  FPGA or asic on eth already since the difficulty
has been skyrocketing for the past month when were in the middle of a massive gpu shortage. 

and when done to perfection by many miners it flattens out all prices on all coins  which is the worse possible case.

but if a handful do it like you do they will do okay

that is where most people dont understand, if you set it up correctly there is literally nearly a flawless transition from algo to algo... you need to command line the intensity and difficulty level that your cards are stable at and the way you find these numbers is through tuning and letting it sit on an algo for lots of time to so how far it goes when it tries to auto change... i set all my intensity levels and diff levels, so when my cards change algo's im less than 5 seconds up to mining fully again and not starting over on diff and ramping back up..

in regards to diff level tuning, most pools only accept shares between 20-25/min, so when you start over at diff 1 and sending hundreds a minute, that is why you get those rejected shares and when you drop below 20/min typically you will start getting duplicate share or already been computed errors, so i static mine to the 24/25 range myself.

and in regards to profit switching, im not the type that chases the drastic spikes on coins, that shit is for the birds... i tried it once and my cards were switching every 2 minutes..
I have my switching setup based on 24hr actuals, i dont try to chase the most profitable spiking coin, i just want steady income on the highest algo possible. just taking a glance at one of my rigs,
uptime: 71 days 4 hrs, switched count 107.....

so its only switched 107 times in a 71 day period, so it averaged a switch every 1.5 days basically.... my 7 day average right now is $3.41 per 1080ti per day with the most time spent on x17