So will 2015 be the year that home mining ends? - page 3.

chrysophylax

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Quote from: MaxDZ8 on January 16, 2015, 11:35:19 AM

Quote from: hdmediaservices on January 11, 2015, 10:14:23 PM

is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

As far as I am concerned home mining has been dead for at least one year and probably even before that.
This comes from a variety of causes and the major one will never be solved: it's a weakness in the PoW concept but it's probably the best we got.

really? ...

funny that - as the miners with farms that i know ( and there is a LOT ) including myself just seem to keep GROWING ...

weakness in PoW? ...

some explanation you have there ... no back up of course - just a statement - but you are entitled to think what you may ... i mean - you did mention that as far as 'you' are concerned ...

from what i have seen of the industry the way it is - its still evolving and taking shape - still having to take time to become what it will be ... so you actually may have a point in the 'death' of home mining - one point i dont agree with ...

BUT - to make a statement about a 'weakness' in PoW - now that need some explanation at best - let alone a comprehensive explanation ...

#crysx

MaxDZ8

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Quote from: hdmediaservices on January 11, 2015, 10:14:23 PM

is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

As far as I am concerned home mining has been dead for at least one year and probably even before that.
This comes from a variety of causes and the major one will never be solved: it's a weakness in the PoW concept but it's probably the best we got.

chrysophylax

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Quote from: atp1916 on January 16, 2015, 08:31:34 AM

Mining is profitable if the cost of power (electricity) is there, if you're at home or not.

agreed ...

sometimes you just have to move the farm / miners to where there is cheaper electricity ...

#crysx

atp1916

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Mining is profitable if the cost of power (electricity) is there, if you're at home or not.

picolo

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Quote from: Equate on January 16, 2015, 03:29:15 AM

Quote from: chrysophylax on January 15, 2015, 08:56:04 PM

put the mining back in the hands of the people ... nice ... Wink

#crysx

That is what I meant by de-centralization , mining back to home rigs.

The network can be seen as decentralized if the decisions are decentralized and there are many professional mining rigs that compete and make the network safer.
If a company has a huge share because they are better than the other, it's a healthy monopolistic position because it's based on quality and efficiency and the company is still in competition with other actors.

chrysophylax

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Quote from: DigiByte on January 15, 2015, 09:45:29 PM

DigiByte has 5 independent decentralized mining algorithms. If all 5 should become over ran by ASICs we will swap out for 2 GPU & CPU algos.

Check out our new 3 click beginner mining software that is now in beta: https://bitcointalksearch.org/topic/m.10170256

windows only?

i only have linux systems mining ( fedora 19 x64 ) and wont go with windows mining systems - ever ... its too much of a headache with windows - especially in a farm environment - let alone too costly for the windows licensing ...

sounds like a great idea - but my farm is rock solid under linux ...

pity you dont have anything like this for linux users - you could pretty much move a HUGE part of the mining community to doing this ...

i see that you have this in future plans - and that is a welcome advantage ... but for now - its a great idea that i ( and many linux miners ) cant use ...

#crsyx

Equate

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Quote from: chrysophylax on January 15, 2015, 08:56:04 PM

put the mining back in the hands of the people ... nice ... Wink

#crysx

That is what I meant by de-centralization , mining back to home rigs.

DigiByte

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Official DigiByte Account

DigiByte has 5 independent decentralized mining algorithms. If all 5 should become over ran by ASICs we will swap out for 2 GPU & CPU algos.

Check out our new 3 click beginner mining software that is now in beta: https://bitcointalksearch.org/topic/m.10170256

chrysophylax

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Quote from: Equate on January 15, 2015, 02:03:30 PM

With cex.io and other cloud mining farms shutting their operations , I rather hope that mining becomes de-centralized again.

if mining itself becomes a thing of the past - it will mean that the way coins are minted ( such a PoS for instance ) will have to become the mainstream under the current state of 'coinage' ...

mining is a necessity - so you may be forecasting something here ...

put the mining back in the hands of the people ... nice ... Wink

#crysx

Equate

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With cex.io and other cloud mining farms shutting their operations , I rather hope that mining becomes de-centralized again.

chrysophylax

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Quote from: picolo on January 15, 2015, 09:05:19 AM

The difficulty is going down and the price is going up now so the markets are correcting.

exactly ...

will be quite fluctuative and quite unstable for a while - but it will correct ...

#crysx

chrysophylax

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Quote from: Bananana on January 15, 2015, 08:41:17 AM

Quote from: chrysophylax on January 13, 2015, 10:13:03 PM

Quote from: Bananana on January 13, 2015, 11:19:49 AM

Quote from: hdmediaservices on January 11, 2015, 10:14:23 PM

Wow - so I guess I feel a little depressed.

1. No new Scrypt mining hardware.

2. Everything went to the Ponzi-Mining -- which is starting to collapse for many.

3. Most alt coins are becoming less profitable to mine.

I don't really see any of these alt coins becoming mainstream. Does anyone? So much for LTC being BTC's silver? LOL

I mean each one says it does this or that or supports something new and exciting - but no one is really using them for anything but trading to BTC in the end.

Any new ideas / technologies to come? Or is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

I have been interested in the hard drive BURST mining. It is something different at least, but I guess that could easily be taken over by huge cloud drives as well.

Not only it is end for home mining, it is also end for some big company like cex.io. They have high maintenance fee..

there is never an end ...

if there is money to be made SOMEWHERE - you can rest assured some big company out there is going to exploit it ... they have the cash to do it ...

guaranteed ...

#crysx

The main issues here is there, no more money to be made, look at the difficulty and BTC price now..

temporary ... always is ...

#crysx

picolo

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The difficulty is going down and the price is going up now so the markets are correcting.

Bananana

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Quote from: chrysophylax on January 13, 2015, 10:13:03 PM

Quote from: Bananana on January 13, 2015, 11:19:49 AM

Quote from: hdmediaservices on January 11, 2015, 10:14:23 PM

Wow - so I guess I feel a little depressed.

1. No new Scrypt mining hardware.

2. Everything went to the Ponzi-Mining -- which is starting to collapse for many.

3. Most alt coins are becoming less profitable to mine.

I don't really see any of these alt coins becoming mainstream. Does anyone? So much for LTC being BTC's silver? LOL

I mean each one says it does this or that or supports something new and exciting - but no one is really using them for anything but trading to BTC in the end.

Any new ideas / technologies to come? Or is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

I have been interested in the hard drive BURST mining. It is something different at least, but I guess that could easily be taken over by huge cloud drives as well.

Not only it is end for home mining, it is also end for some big company like cex.io. They have high maintenance fee..

there is never an end ...

if there is money to be made SOMEWHERE - you can rest assured some big company out there is going to exploit it ... they have the cash to do it ...

guaranteed ...

#crysx

The main issues here is there, no more money to be made, look at the difficulty and BTC price now..

chrysophylax

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Activity: 2912

Merit: 1091

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Quote from: Bananana on January 13, 2015, 11:19:49 AM

Quote from: hdmediaservices on January 11, 2015, 10:14:23 PM

Wow - so I guess I feel a little depressed.

1. No new Scrypt mining hardware.

2. Everything went to the Ponzi-Mining -- which is starting to collapse for many.

3. Most alt coins are becoming less profitable to mine.

I don't really see any of these alt coins becoming mainstream. Does anyone? So much for LTC being BTC's silver? LOL

I mean each one says it does this or that or supports something new and exciting - but no one is really using them for anything but trading to BTC in the end.

Any new ideas / technologies to come? Or is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

I have been interested in the hard drive BURST mining. It is something different at least, but I guess that could easily be taken over by huge cloud drives as well.

Not only it is end for home mining, it is also end for some big company like cex.io. They have high maintenance fee..

there is never an end ...

if there is money to be made SOMEWHERE - you can rest assured some big company out there is going to exploit it ... they have the cash to do it ...

guaranteed ...

#crysx

Bananana

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Quote from: hdmediaservices on January 11, 2015, 10:14:23 PM

Wow - so I guess I feel a little depressed.

1. No new Scrypt mining hardware.

2. Everything went to the Ponzi-Mining -- which is starting to collapse for many.

3. Most alt coins are becoming less profitable to mine.

I don't really see any of these alt coins becoming mainstream. Does anyone? So much for LTC being BTC's silver? LOL

I mean each one says it does this or that or supports something new and exciting - but no one is really using them for anything but trading to BTC in the end.

Any new ideas / technologies to come? Or is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

I have been interested in the hard drive BURST mining. It is something different at least, but I guess that could easily be taken over by huge cloud drives as well.

Not only it is end for home mining, it is also end for some big company like cex.io. They have high maintenance fee..

chrysophylax

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Activity: 2912

Merit: 1091

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Quote from: MyFarm on January 12, 2015, 09:14:20 PM

No, because Spreadcoin is evening the field as Santoshi intended: https://bitcointalksearch.org/topic/ann-spreadcoin-true-decentralization-no-pools-testing-new-masternodes-715435

hence the reason why sp is working on the optimized version for of the miner spreadx11 ...

will be interesting to see how this pans out ...

#crysx

chrysophylax

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Quote from: jawitech on January 12, 2015, 08:47:21 PM

Quote from: chrysophylax on January 12, 2015, 08:42:35 PM

Quote from: jawitech on January 12, 2015, 08:38:51 PM

While nearly all coin are going the same way - invest in expensive hardware to increase the hashrate for every single miner - Magi goes the opposite way.

Magi is a CPU only coin (PoW/PoS) with a variable block reward design. The higher the total hashrate (i.e. botnets, GPU miners if there should be any,...), the lower the block reward so that it's less profitable to put huge hashrate in. With this design, it's trying to achieve decentralization as the best device for mining would be a usual home computer. So far, there are still some big players in, causing a lower block reward. But I'm sure they soon will leave for something that makes them more profit.

I don't say it's the new BTC, the perfect or best coin ever. No such marketing stuff is needed. It's an interesting concept with a hard working developer, consumes less power than many other coins and probably I step in the right direction.

https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170

believe it or not - i use MORE power to use a cpu at 100% than a 750ti oc card ...

most cpus run at around 100W ( more 125W these days ) at 100% while the gigabyte 750ti oc cards run at 60W at 100% ... and process a HUGE amount more ...

go figure Wink

#crysx

That's why the developer provides a feature to decrease the CPU usage. If you don't want to let it run on 100%, set it lower.

Like I said, I didn't claim the coin being perfect, but it's going an interesting way. Of course, someone who invested x,xxx or more in mining hardware, prefers the other way.

very true - and well done ...

i had ALL mining done with cpu initially a while back ( guess when ) Wink

... now - well i guess its all about volume ...

i will look at this coin today - i didnt know it existed ...

tanx mate ...

#crysx

MyFarm

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No, because Spreadcoin is evening the field as Santoshi intended: https://bitcointalksearch.org/topic/ann-spreadcoin-true-decentralization-no-pools-testing-new-masternodes-715435

jawitech

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Quote from: chrysophylax on January 12, 2015, 08:42:35 PM

Quote from: jawitech on January 12, 2015, 08:38:51 PM

While nearly all coin are going the same way - invest in expensive hardware to increase the hashrate for every single miner - Magi goes the opposite way.

Magi is a CPU only coin (PoW/PoS) with a variable block reward design. The higher the total hashrate (i.e. botnets, GPU miners if there should be any,...), the lower the block reward so that it's less profitable to put huge hashrate in. With this design, it's trying to achieve decentralization as the best device for mining would be a usual home computer. So far, there are still some big players in, causing a lower block reward. But I'm sure they soon will leave for something that makes them more profit.

I don't say it's the new BTC, the perfect or best coin ever. No such marketing stuff is needed. It's an interesting concept with a hard working developer, consumes less power than many other coins and probably I step in the right direction.

https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170

believe it or not - i use MORE power to use a cpu at 100% than a 750ti oc card ...

most cpus run at around 100W ( more 125W these days ) at 100% while the gigabyte 750ti oc cards run at 60W at 100% ... and process a HUGE amount more ...

go figure Wink

#crysx

That's why the developer provides a feature to decrease the CPU usage. If you don't want to let it run on 100%, set it lower.

Like I said, I didn't claim the coin being perfect, but it's going an interesting way. Of course, someone who invested x,xxx or more in mining hardware, prefers the other way.

Topic: So will 2015 be the year that home mining ends? - page 3. (Read 5304 times)