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Topic: Monero Fork in one day.. hash rate drop predictions ? - page 10. (Read 4185 times)

newbie
Activity: 45
Merit: 0
....., well lets see if amd remains the king on the v7.
I believe I read a post on support XMR or a tweet from Richardo or something somehwere that stated that v7 was only minor tweek and should not change much as far as hardware performance goes.

We will see              250 blocks to go    Tongue
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
Even if the hashrate drops by 50%

It will do little in terms of mining profitability.

You won't be making $10/day with your 1080ti.

This is more about vega users, i would never mine xmr if i had a gtx 1080ti, cryptonight is really only amd, well lets see if amd remains the king on the v7.
legendary
Activity: 3808
Merit: 1723
Even if the hashrate drops by 50%

It will do little in terms of mining profitability.

You won't be making $10/day with your 1080ti.

The miner revenue for XMR is very small in the grand scheme of things.

In 1 day XMR miner reward was around $650K.

Comparing this to ETH which had a miner reward of $8.1 million.

We need ETH to fork and not XMR
full member
Activity: 1148
Merit: 132
What is best miner for Momero fork, for nvidias ?

Nvidia is terrible mining cryptonite

but there are some miners check the Sumokoin mining thrread
copper member
Activity: 30
Merit: 0
What is best miner for Momero fork, for nvidias ?
legendary
Activity: 1176
Merit: 1015
My bet, XMR -50% ($100-150) when we get closer to the fork, nethash 0.4-0.5G  Smiley
Maybe you think bitmain will crash xmr? They will be losing millions if they do that but its their choice and I think they will fail it.
I think the opposite, market will see as a good thing and xmr price will grow as all the other coins. Price will only dip if the hard fork fails to contain asics.

Nothing to do with Bitmain, just some basic market analysis.

With current emission no miner can kill XMR. And that's maybe the biggest problem XMR needs to deal with. Distribution.

newbie
Activity: 9
Merit: 0
Which mining program is the best for the new algo and the RX series ?

I red those 2 are optimized for Vega but apparently will work with the RX series

  • Xrig
    Cast XMR

Thanks

Cast XMR are also supporting rx 470 up to 580. just use the latest version which support v7.
sr. member
Activity: 2142
Merit: 353
Xtreme Monster
My bet, XMR -50% ($100-150) when we get closer to the fork, nethash 0.4-0.5G  Smiley

Maybe you think bitmain will crash xmr? They will be losing millions if they do that but its their choice and I think they will fail it.

I think the opposite, market will see as a good thing and xmr price will grow as all the other coins. Price will only dip if the hard fork fails to contain asics.
legendary
Activity: 1176
Merit: 1015
My bet, XMR -50% ($100-150) when we get closer to the fork, nethash 0.4-0.5G  Smiley
jr. member
Activity: 44
Merit: 2
actually, bitmain is laughing to those fools who bought their trash.

Maybe the bad publicity will bite Bitmain in the ass. That is, if people stop being pussies and admit they've been shafted.
newbie
Activity: 168
Merit: 0
Very excited about this - will go to show how much Bitmain are messing with us

actually, bitmain is laughing to those fools who bought their trash.
newbie
Activity: 168
Merit: 0
Well someone likes to keep the old algorithm and blockchain alive: https://bitcointalksearch.org/topic/m.34021487

What do you guys think about that? If it succeeds then the asics still have work to do than becoming door stoppers.

nah. nah i hope no one will support/buy that coin so it will become a dumping coin.
jr. member
Activity: 122
Merit: 1
Very excited about this - will go to show how much Bitmain are messing with us
legendary
Activity: 1726
Merit: 1018
I suspect that a good chunk of network hash is coming from botnets as well.  I am hoping some of those will be unable to update their hosts\victims quickly and we'll lose some hashrate there as well.   It'll be interesting to see what happens.
full member
Activity: 420
Merit: 184
This is good, one day asic buyers will learn their lesson. If this block keep happens then bitmain and co will never sell asics for coins that are fighting them anymore, they will keep them hidden. The idea here is to change the algo regardless if asics will be released or not. Remember that the coins need to be like our body, our body has immune system, it adapts and kill, if not then take medicines to get better and then that will not work anymore. I worked with adaptive systems my whole life. I have the concept and the skills, If i was to create a coin, it would be 100% immune to anything.
you are quite right, perpetually changing algo is the best way to stop these fuckers

Yeah, as much as it pains me to admit it, I totally agree with @metroid here. Preemptively changing the algo is the only surefire way to stop ASICs.

That said, it isn't the ASIC that is evil, it's Bitmain. ASICs could be a net positive for cryptos because they dramatically lower energy consumption, but when there is only a single company that makes them, and then does the crypto equivalent of insider trading - mining with them for weeks or months before selling them as "new" - well, it's no wonder that company - and their products - are hated.

full member
Activity: 1148
Merit: 132
anyway when the diff start to double in a a few days, it will be there Smiley.

They will camouflage their asics again and remember they will not sell any, they will mine the hell of it and will sell next year or maybe they will never sell their asics again and day by day camouflage as if it was gpus added to the network.

poor 12k asic buyers. Grin

This is good, one day asic buyers will learn their lesson. If this block keep happens then bitmain and co will never sell asics for coins that are fighting them anymore, they will keep them hidden. The idea here is to change the algo regardless if asics will be released or not. Remember that the coins need to be like our body, our body has immune system, it adapts and kill, if not then take medicines to get better and then that will not work anymore. I worked with adaptive systems my whole life. I have the concept and the skills, If i was to create a coin, it would be 100% immune to anything.
you are quite right, perpetually changing algo is the best way to stop these fuckers
jr. member
Activity: 330
Merit: 1
Well someone likes to keep the old algorithm and blockchain alive: https://bitcointalksearch.org/topic/m.34021487

What do you guys think about that? If it succeeds then the asics still have work to do than becoming door stoppers.
member
Activity: 273
Merit: 17
I believe that we will see a 50-60% drop.

After fork 4-500mh
legendary
Activity: 1638
Merit: 1005
Which mining program is the best for the new algo and the RX series ?

I red those 2 are optimized for Vega but apparently will work with the RX series

  • Xrig
    Cast XMR

Thanks
sr. member
Activity: 854
Merit: 277
liife threw a tempest at you? be a coconut !
The good thing is that we will get feedback from users who bought the asics. If these asics were in bitmain warehouse mining then bitmain could update a firmware if need to be, right now there is nothing bitmain can do to help the people whose they sold the asics to but bitmain can still firmware or trick the new algorithm into thinking those asics is a gpu, lets see what happens.

that would be so cool Smiley !

I think the hashrate drop will be massive.

Yesterday, after the sumokoin fork, the net-hashrate dropped from 145MH/sec (High at 180MH/sec) to 10MH/sec. Now its at 6MH/sec.

At the officiall pool the miners number dropped from 500 to 100.

I guess ASIC rate is 50% + 20% botnets....



bitmain is one of the greatest company in the world... no doubt about it. I wait their x86 asics Cheesy
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