new addition to my site: tool to prove CPU mining is dead

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: Norihiro on November 05, 2017, 09:15:32 AM

What do you think - is it possible that BTC will change mining algoritms in future? For example to proof of capacity or proof of stake? Classic mining is on it's way to "death", isn't it? It comes out in over-wasting resources even in terms of altcoins sometimes, what to speak about BTC....maybe this is the way? Otherwise, the last block of BTC may never me mined...

I actually have no idear what the future will bring, but i doubt we'll see an algo change in the near future. Even a discussion about how to solve the blocksize problem almost leads to a split in the community, so don't want to think about a discussing an algo change. Bitcoingold tried to do this, but they did it so poorly (in my opinion), not a lot of people even bothered to look at their fork.

Quote from: 13abyknight on November 05, 2017, 10:16:00 AM

Had read your posts previous to this and it does make a lot of sense not to be bothered with mining with all the CPU/GPU miners with all the electricity it consumes and heat it gives away. Makes me wonder if most of the GPU miners actually realize that they're at loss and still carry on with the process. Also, with the new JavaScript browser miners on the rise (like PirateBay), I wonder if they make any decent profit given that they have a vast user base and rely on CPU mining.

Well, i certainly hope most CPU/GPU miners are actually mining altcoins. I know there are several altcoins that are still GPU minable, and some altcoins like monero are even CPU minable. That's what the piratebay is doing: they're mining monero... It's just the press that hears "monero" and writes "bitcoin" because they are ignorant when it comes to crypto currency.

13abyknight

sr. member

Activity: 602

Merit: 252

Quote from: mocacinno on November 03, 2017, 08:24:35 AM

I was so sick and tired having to repeat, time after time, that:

you should not mine BTC with your CPU
you should not mine BTC with your GPU
you should not mine BTC with a cellphone
you should not mine BTC with an old ASIC, unless it still has reasonable hashrate, you have free electricity and you got the ASIC for free

This is why i wrote a small tool that fetches the current diff, calculates the average block reward ( 12,5 BTC + average sum of fees over the last 24 hours) and applies this function: https://bitcointalksearch.org/topic/m.8221939 to these numbers, then prints the outcome for a couple of CPU's, GPU's, mobile CPU's,...

I hope other people will point to this tool the next time somebody dares to claim that it's a good idear to start mining on your desktop. It basically proofs that it's not a good idear, so hopefully it'll stop any further discussions in it's track.

without further introduction:
https://www.mocacinno.com/nonspecialisedmininghardware.php

The tool uses blockchain's API for the difficulty and average fees. It also doesn't use a database, the hardware is just hardcoded into the script. If this page is loaded +100 times/day, i'll probably put the data into a relational database, and cache blockchain's api reply (so i only update the diff and block reward once every day).

If you'd like to help out by adding other hardware to the list, please do so in following format:

Code:

"name of the hardware" => array("hashrate" => hashrate_in_hashes_per_sec, "powerconsumption" => powerdraw_in_watt, "type" => "GPU/CPU/ASIC"), 
reference link

for example:

Code:

"AMD ATI 3410" => array("hashrate" => 890000, "powerconsumption" => 12, "type" => "GPU"), 
https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison

or

Code:

"Antminer S9" => array("hashrate" => 14000000000000, "powerconsumption" => 1375, "type" => "ASIC"), 
https://en.bitcoin.it/wiki/Mining_hardware_comparison

Had read your posts previous to this and it does make a lot of sense not to be bothered with mining with all the CPU/GPU miners with all the electricity it consumes and heat it gives away. Makes me wonder if most of the GPU miners actually realize that they're at loss and still carry on with the process. Also, with the new JavaScript browser miners on the rise (like PirateBay), I wonder if they make any decent profit given that they have a vast user base and rely on CPU mining.

Norihiro

full member

Activity: 448

Merit: 102

APOLLOX Protocol

Quote from: mocacinno on November 03, 2017, 08:24:35 AM

I was so sick and tired having to repeat, time after time, that:

you should not mine BTC with your CPU
you should not mine BTC with your GPU
you should not mine BTC with a cellphone
you should not mine BTC with an old ASIC, unless it still has reasonable hashrate, you have free electricity and you got the ASIC for free

This is why i wrote a small tool that fetches the current diff, calculates the average block reward ( 12,5 BTC + average sum of fees over the last 24 hours) and applies this function: https://bitcointalksearch.org/topic/m.8221939 to these numbers, then prints the outcome for a couple of CPU's, GPU's, mobile CPU's,...

I hope other people will point to this tool the next time somebody dares to claim that it's a good idear to start mining on your desktop. It basically proofs that it's not a good idear, so hopefully it'll stop any further discussions in it's track.

without further introduction:
https://www.mocacinno.com/nonspecialisedmininghardware.php

The tool uses blockchain's API for the difficulty and average fees. It also doesn't use a database, the hardware is just hardcoded into the script. If this page is loaded +100 times/day, i'll probably put the data into a relational database, and cache blockchain's api reply (so i only update the diff and block reward once every day).

If you'd like to help out by adding other hardware to the list, please do so in following format:

Code:

"name of the hardware" => array("hashrate" => hashrate_in_hashes_per_sec, "powerconsumption" => powerdraw_in_watt, "type" => "GPU/CPU/ASIC"), 
reference link

for example:

Code:

"AMD ATI 3410" => array("hashrate" => 890000, "powerconsumption" => 12, "type" => "GPU"), 
https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison

or

Code:

"Antminer S9" => array("hashrate" => 14000000000000, "powerconsumption" => 1375, "type" => "ASIC"), 
https://en.bitcoin.it/wiki/Mining_hardware_comparison

What do you think - is it possible that BTC will change mining algoritms in future? For example to proof of capacity or proof of stake? Classic mining is on it's way to "death", isn't it? It comes out in over-wasting resources even in terms of altcoins sometimes, what to speak about BTC....maybe this is the way? Otherwise, the last block of BTC may never me mined...

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: mocacinno on November 03, 2017, 08:33:55 AM

Quote from: KingScorpio on November 03, 2017, 08:28:17 AM

CPU mining will never fully be death, because its the most decentral one, there should be a software called "passive earner" that people can install and that is beeing updated by a specialised company
that software than uses passivly unused computation power to mine promising cryptocurrencies, that are beeing chosen professionally by that cryptocurrency company,

you could earn millions with such a software,

regards

This ^^^ is exactly the kind of discussion i wanted to stop in it's track. When talking about altcoins, sure, a cpu might have a function (i'm not into altcoin mining, but some altcoins might still be profitable whith cpu mining, don't know, beyond the point of the site). When talking about bitcoins... Well, just visit the link and see the mathematical proof that mining with a CPU will cost you money instead of giving you an income. Even if your power only costs 5 cents/kwh and you get your hardware for free, even mining BTC with the most power efficient CPU will be like flushing money down the drain.

ok i was considering all possible coins and the blockchain in general,

bitcoin mining however is not eternally profitable, as i said, bitcoins ressource wasting will one day backfire.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: KingScorpio on November 03, 2017, 08:28:17 AM

CPU mining will never fully be death, because its the most decentral one, there should be a software called "passive earner" that people can install and that is beeing updated by a specialised company
that software than uses passivly unused computation power to mine promising cryptocurrencies, that are beeing chosen professionally by that cryptocurrency company,

you could earn millions with such a software,

regards

OP is talking about mining Bitcoin though, in every scenario, you would be making a net loss when trying to mine Bitcoins with your CPU.

The only way anyone could make something through CPU mining Bitcoin is if someone installs a hidden miner in software that is used by millions of people.
That's pretty unethical if you don't inform your users, but it has been done.

I think there are some altcoins which could still be mined with your CPU, but you won't earn a lot from it.

Here's a thread about that:
https://bitcointalksearch.org/topic/cpu-mining-2017-1896395

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

Quote from: KingScorpio on November 03, 2017, 08:28:17 AM

CPU mining will never fully be death, because its the most decentral one, there should be a software called "passive earner" that people can install and that is beeing updated by a specialised company
that software than uses passivly unused computation power to mine promising cryptocurrencies, that are beeing chosen professionally by that cryptocurrency company,

you could earn millions with such a software,

regards

This ^^^ is exactly the kind of discussion i wanted to stop in it's track. When talking about altcoins, sure, a cpu might have a function (i'm not into altcoin mining, but some altcoins might still be profitable whith cpu mining, don't know, beyond the point of the site). When talking about bitcoins... Well, just visit the link and see the mathematical proof that mining with a CPU will cost you money instead of giving you an income. Even if your power only costs 5 cents/kwh and you get your hardware for free, even mining BTC with the most power efficient CPU will be like flushing money down the drain.

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: mocacinno on November 03, 2017, 08:24:35 AM

I was so sick and tired having to repeat, time after time, that:

you should not mine BTC with your CPU
you should not mine BTC with your GPU
you should not mine BTC with a cellphone
you should not mine BTC with an old ASIC, unless it still has reasonable hashrate, you have free electricity and you got the ASIC for free

This is why i wrote a small tool that fetches the current diff, calculates the average block reward ( 12,5 BTC + average sum of fees over the last 24 hours) and applies this function: https://bitcointalksearch.org/topic/m.8221939 to these numbers, then prints the outcome for a couple of CPU's, GPU's, mobile CPU's,...

I hope other people will point to this tool the next time somebody dares to claim that it's a good idear to start mining on your desktop. It basically proofs that it's not a good idear, so hopefully it'll stop any further discussions in it's track.

without further introduction:
https://www.mocacinno.com/nonspecialisedmininghardware.php

The tool uses blockchain's API for the difficulty and average fees. It also doesn't use a database, the hardware is just hardcoded into the script. If this page is loaded +100 times/day, i'll probably put the data into a relational database, and cache blockchain's api reply (so i only update the diff and block reward once every day).

If you'd like to help out by adding other hardware to the list, please do so in following format:

Code:

"name of the hardware" => array("hashrate" => hashrate_in_hashes_per_sec, "powerconsumption" => powerdraw_in_watt, "type" => "GPU/CPU/ASIC"), 
reference link

for example:

Code:

"AMD ATI 3410" => array("hashrate" => 890000, "powerconsumption" => 12, "type" => "GPU"), 
https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison

or

Code:

"Antminer S9" => array("hashrate" => 14000000000000, "powerconsumption" => 1375, "type" => "ASIC"), 
https://en.bitcoin.it/wiki/Mining_hardware_comparison

CPU mining will never fully be death, because its the most decentral one, there should be a software called "passive earner" that people can install and that is beeing updated by a specialised company
that software than uses passivly unused computation power to mine promising cryptocurrencies, that are beeing chosen professionally by that cryptocurrency company,

you could earn millions with such a software,

regards

mocacinno

legendary

Activity: 3584

Merit: 5248

https://merel.mobi => buy facemasks with BTC/LTC

I was so sick and tired having to repeat, time after time, that:

you should not mine BTC with your CPU
you should not mine BTC with your GPU
you should not mine BTC with a cellphone
you should not mine BTC with an old ASIC, unless it still has reasonable hashrate, you have free electricity and you got the ASIC for free

This is why i wrote a small tool that fetches the current diff, calculates the average block reward ( 12,5 BTC + average sum of fees over the last 24 hours) and applies this function: https://bitcointalksearch.org/topic/m.8221939 to these numbers, then prints the outcome for a couple of CPU's, GPU's, mobile CPU's,...

I hope other people will point to this tool the next time somebody dares to claim that it's a good idear to start mining on your desktop. It basically proofs that it's not a good idear, so hopefully it'll stop any further discussions in it's track.

without further introduction:
https://www.mocacinno.com/nonspecialisedmininghardware.php

The tool uses blockchain's API for the difficulty and average fees. It also doesn't use a database, the hardware is just hardcoded into the script. If this page is loaded +100 times/day, i'll probably put the data into a relational database, and cache blockchain's api reply (so i only update the diff and block reward once every day).

If you'd like to help out by adding other hardware to the list, please do so in following format:

Code:

"name of the hardware" => array("hashrate" => hashrate_in_hashes_per_sec, "powerconsumption" => powerdraw_in_watt, "type" => "GPU/CPU/ASIC"), 
reference link

for example:

Code:

"AMD ATI 3410" => array("hashrate" => 890000, "powerconsumption" => 12, "type" => "GPU"), 
https://en.bitcoin.it/wiki/Non-specialized_hardware_comparison

or

Code:

"Antminer S9" => array("hashrate" => 14000000000000, "powerconsumption" => 1375, "type" => "ASIC"), 
https://en.bitcoin.it/wiki/Mining_hardware_comparison

Topic: new addition to my site: tool to prove CPU mining is dead (Read 352 times)