Happy New Years! Seventh alt coin thread! - page 47.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: citronick on March 12, 2018, 10:01:21 AM

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

Seems odd that Baikal would release a FPGA miner at this point, everything else they have done to date was ASIC.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: grchina on March 12, 2018, 10:15:27 AM

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins Grin

Can't speak to phil, but I've found that those "higher profit" coins only tend to be higher profit for a day or two, then everyone "discovers" them swarms them and swamps the profitability back down to the "basket" range.
Too much work for me to "chase the profit" any more, as a general rule.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

yeah I will mine and hold.

setup an L3+
I think I will order a second L3+
Dragon mint should send demo soon.

Maybe get 2 -3 avalon 841's

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: Marvell2 on March 12, 2018, 04:20:19 PM

Quote from: citronick on March 12, 2018, 10:01:21 AM

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

I agree with this strategy, our fam is at 11ghs eth and 450ghs blake b2 dual mining verge
mostly rx cards , were not buying any more hardware, i think the strat now is to accumulate low priced coins
and wait a few months for the landscape to settle.

we are working on improving cooling, 20k btu lowe power split ac systems for around $2399 each , that way we can dual mine all summer and hold a ton of verge,dgb and sia with our A3s

its a bad time to expand even gpu operations since no one knows if supply will even out when the next gen nvidia cards come out in April.

Infrastructure investments always pan out mo matter what i have found its a good call

the new NVIDIA Volta architecture cards "Turing" will be likely out by July (according to Cryptomined's insider news) and power consumption was rumored to be biggest improvement - looking forward to this.

Marvell2

full member

Activity: 1148

Merit: 132

Quote from: citronick on March 12, 2018, 10:01:21 AM

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

I agree with this strategy, our fam is at 11ghs eth and 450ghs blake b2 dual mining verge
mostly rx cards , were not buying any more hardware, i think the strat now is to accumulate low priced coins
and wait a few months for the landscape to settle.

we are working on improving cooling, 20k btu lowe power split ac systems for around $2399 each , that way we can dual mine all summer and hold a ton of verge,dgb and sia with our A3s

its a bad time to expand even gpu operations since no one knows if supply will even out when the next gen nvidia cards come out in April.

Infrastructure investments always pan out mo matter what i have found its a good call

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Quote from: soothaa on March 12, 2018, 09:27:40 AM

Quote from: dragonmike on March 12, 2018, 09:23:57 AM

Quote from: soothaa on March 12, 2018, 08:40:49 AM

Quote from: citronick on March 12, 2018, 08:36:58 AM

Quote from: soothaa on March 12, 2018, 08:07:22 AM

Quote from: citronick on March 12, 2018, 01:28:48 AM

Monero Team has already stated that they will not hesitate to fork if ASIC players manufactures XMR/Cryptonote miners.

This makes me very happy to hear. Makes me even more bullish on Monero.

https://twitter.com/fluffypony/status/963163574918156294

Love it. Just love it. I should have more XMR than I do...

Go buy some! Cheesy

There's about 2 dozen projects I want at the moment..

Monero team will change POW algo at every fork to fight ASICs

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

"...Patches will be available for the following software: zone117x's pool, Snipa's pool, Lucas Jones' CPU miner, wolf0's CPU miner, ccminer-cryptonight, sgminer-gm, xmr-stak, xmrig-nvidia, wolf-xmr-miner...."

Elder III

sr. member

Activity: 1246

Merit: 274

We will probably try to go riser free for any future additions or upgrades, but having the USB ports does eliminate one possible point of failure with the current riser setup, so this does have some appeal just for that (a + for high capacity too).

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

Cryptomined posted the review here -- https://www.youtube.com/watch?v=eI9h9du80Mo

Quote from: citronick on March 10, 2018, 02:07:02 AM

This could be an interesting project...

See Cryptomined Youtube
https://www.youtube.com/watch?v=zLQwwZMas1k

BTC B250C 12 GPU USB3.0-PCIE MOTHERBOARD

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: grchina on March 12, 2018, 10:15:27 AM

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins Grin

Work to change coins and holding the coins is a bit too much.
I have mined other coins and I hold a bit. But frankly I do a lot of stuff that consumes time.
Most all my holdings are in btc.

and at this time I am more in cash then other coins.

Haruderty

full member

Activity: 140

Merit: 100

Quote from: dragonmike on March 12, 2018, 10:13:29 AM

Quote from: citronick on March 12, 2018, 10:01:21 AM

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

The only way to properly "resist" would be to fundamentally change algo and pick something like x16r which constantly changes. I can only hope for Monero that they always had the option to easily switch to MoneroV as emergency procedure... But to be properly asic resistant they'd need a more fundamental change.

I like your approach though. Re-trench, focus, hodl! Cheesy

Can they increase the memory usage requirement faster so that only big memory card can run. That will increase the cost of FPGA or ASIC miners.

grchina

sr. member

Activity: 476

Merit: 278

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins Grin

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: citronick on March 12, 2018, 10:01:21 AM

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

The only way to properly "resist" would be to fundamentally change algo and pick something like x16r which constantly changes. I can only hope for Monero that they always had the option to easily switch to MoneroV as emergency procedure... But to be properly asic resistant they'd need a more fundamental change.

I like your approach though. Re-trench, focus, hodl! Cheesy

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: soothaa on March 12, 2018, 09:59:04 AM

Quote from: MagicSmoker on March 12, 2018, 09:36:28 AM

This is my understanding as well, but one problem with increasing the scratchpad size to defeat ASICs is that it also reduces the hashrate of GPU/CPU miners; perhaps monotonically So that seems like a shoot-yourself-in-the-foot kind of solution.

Why is that a problem? If the whole network decreases hashrate by 50% nobody loses but the ASICs...

Because changing the computation - ie, tweaking the algo - renders the ASIC obsolete (the computation is literally hard-coded into silicon) and this won't affect GPU/CPU software at all (just change the code and recompile).

EDIT - sorry, I didn't address your actual rebuttal that if the entire network hashrate decreases then - presumably - so will difficulty. Yes, that may work.

citronick

legendary

Activity: 1834

Merit: 1080

---- winter*juvia -----

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

soothaa

hero member

Activity: 1151

Merit: 528

Quote from: MagicSmoker on March 12, 2018, 09:36:28 AM

This is my understanding as well, but one problem with increasing the scratchpad size to defeat ASICs is that it also reduces the hashrate of GPU/CPU miners; perhaps monotonically So that seems like a shoot-yourself-in-the-foot kind of solution.

Why is that a problem? If the whole network decreases hashrate by 50% nobody loses but the ASICs...

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: JaredKaragen on March 12, 2018, 07:49:56 AM

Quote from: citronick on March 12, 2018, 01:28:48 AM

It will be interesting to see how easy this Baikal N miner can be firmware upgraded since its FPGA, when Monero March 2018 Hard Fork happens.

Monero Team has already stated that they will not hesitate to fork if ASIC players manufactures XMR/Cryptonote miners.

Problem is; the scratchpad on the algo is ~2Mb.... all they need to do is increase the algo to the point where it takes too much processing AND memory; i think its a win win. It seems they designed this algo to scale up both issues at once if need be.

I would be interested to see how it looks after.... sure, you can add more memory to a future device, but increasing the computations on the scratchpad, will make it that much harder to compute...

This is my understanding as well, but one problem with increasing the scratchpad size to defeat ASICs is that it also reduces the hashrate of GPU/CPU miners; perhaps monotonically So that seems like a shoot-yourself-in-the-foot kind of solution.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: JaredKaragen on March 11, 2018, 11:27:22 PM

i would love to try one of these cards at least at some point. If a group buy goes through, and I have the ability to put it, it would be nice to be able to =)

looking at this baikal cryptonight asic coming out; it makes sense...

It just starts with a keccack hash, and then a rather basic algorythm is done with ~2Mb of memory space. I was thinking of working with my father to find an FPGA that would fit the bill for all of these operations. The way its calculated, I can see how it would be such low power with an FPGA.

I can design the board if someone picks the FPGA and writes the HDL.

soothaa

hero member

Activity: 1151

Merit: 528

Quote from: dragonmike on March 12, 2018, 09:23:57 AM

Quote from: soothaa on March 12, 2018, 08:40:49 AM

Quote from: citronick on March 12, 2018, 08:36:58 AM

Quote from: soothaa on March 12, 2018, 08:07:22 AM

Quote from: citronick on March 12, 2018, 01:28:48 AM

Monero Team has already stated that they will not hesitate to fork if ASIC players manufactures XMR/Cryptonote miners.

This makes me very happy to hear. Makes me even more bullish on Monero.

https://twitter.com/fluffypony/status/963163574918156294

Love it. Just love it. I should have more XMR than I do...

Go buy some! Cheesy

There's about 2 dozen projects I want at the moment..

dragonmike

hero member

Activity: 1274

Merit: 556

Quote from: soothaa on March 12, 2018, 08:40:49 AM

Quote from: citronick on March 12, 2018, 08:36:58 AM

Quote from: soothaa on March 12, 2018, 08:07:22 AM

Quote from: citronick on March 12, 2018, 01:28:48 AM

Monero Team has already stated that they will not hesitate to fork if ASIC players manufactures XMR/Cryptonote miners.

This makes me very happy to hear. Makes me even more bullish on Monero.

https://twitter.com/fluffypony/status/963163574918156294

Love it. Just love it. I should have more XMR than I do...

Go buy some! Cheesy

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: citronick on March 12, 2018, 08:38:22 AM

Quote from: philipma1957 on March 12, 2018, 08:34:00 AM

Quote from: arielbit on March 12, 2018, 07:32:57 AM

me? I'm waiting for the next gen top of the line nvidia 2080 ti and buy many and/or wait for 1080 ti panic sell and buy many..call it a year..see you all again for the next big thing hehehe Grin

yeah all I have are 1080ti's so since they are 11gb memory

I would hope for a fork of equihash and of monero maybe a few other al-gore-rythm's will let them keep value.

I may be shifting to sha-256 once I get some dragonmints and maybe avalon 841s

Are 821s .... ASICBOOST certified?

I do not think so. Maybe the 841's are as they spec to lower watts per gh.

Topic: Happy New Years! Seventh alt coin thread! - page 47. (Read 34166 times)