Bitcoin Forum

There are a few new ASICs released for mining the coins based on cryptonight/cryptonote protocol. I'm listing the coins that can be mined with GPUs (or conversely ASICs), with some profit as we go forward.There are some coins that claim and promote asic resistance, so there will be forks and updates and this thread could be a good place to track the mining choices. On the other side of the table, the difficulty for some coins will rise exponentially making it difficult to profit with GPUs. Also, while there is discrepancy in profitability of a small GPU rig vs a large one on cryptonight coins, it certainly is not on the scale of a few ASICs or a farm, so focus is on possibility of any profitability in future. Please feel free to correct and update as necessary.

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|         Coin          |       GPU     |      ASIC resistant    |      Forked      |          Algorithm       |
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|    Electroneum     .      Yes        .         Yes [1]             .  Upcoming[4]  |              CN                |    
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|       Bitcoal          .      Yes        .                                .                       |              CN                |
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|         Dero           .      Yes        .          Yes                 .                       |              CN                |          
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|     Leviarcoin       .      Yes        .                                .                       |              CN                |          
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|       Bytecoin       .      Yes        .           No                 .                       |               CN                |          
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|        Karbo           .      Yes       .                                .                       |              CN                |          
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|    Dinastycoin       .      Yes       .                                .                       |              CN                |          
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|     BitcoiNote        .      Yes       .                                .                       |              CN                |          
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|      CrepCoin        .      Yes        .                                .                       |              CN                |          
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|         B2B            .      Yes        .                                .                       |              CN                |          
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|         Elya            .      Yes        .                                .                       |              CN                |          
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|      Qwerycoin      .      Yes        .                                .                       |              CN                |          
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|      Ultranote        .      Yes        .          Maybe             .                       |              CN                |      
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|        EDollar         .      Yes        .          Yes                 .                       |              CN                |      
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|         Aeon           .      Yes        .          Maybe             .                       |           CN-lite             |
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|         Graft           .     Yes         .          Yes                 .      Yes            |            CN-v7             |
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|        Stellite         .      Yes        .          Yes                 .      Yes            |             CN-v7            |
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|     Intensecoin     .      Yes        .          Yes                 .       Yes            |             CN-v7            |
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|        Masari         .      Yes        .          Yes                 .       Yes            |             CN-v7            |          
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|        Monero        .      Yes        .          Yes                  .      Yes           |             CN-v7             |
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|        Fonero         .      Yes        .          Yes                 .       Yes           |             CN-v7             |        
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|         BBS .          .      Yes        .          Yes                 .       Yes           |             CN-v7             |
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|      ItaloCoin        .      Yes        .          Yes                 .       Yes           |             CN-v7             |
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|         Lines          .      Yes         .          Yes                 .       Yes           |             CN-v7             |
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|        Haven         .      Yes         .          Yes                 .       Yes           |           CN-Heavy          |
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|      Sumokoin       .     Yes         .          Yes [3]           .       Yes           |           CN-Heavy          |          
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|        Loki .          .       Yes        .          Yes                 .       Yes           |           CN-Heavy          |
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|        Ombre        .       Yes        .          Yes                 .       Yes           |           CN-Heavy          |
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|        Solace        .       Yes        .          Yes                 .       Yes           |           CN-Heavy          |
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|         IPBC           .      Yes        .          Yes                 .       Yes           |           CN-IPBC           |      
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|      Turtlecoin       .      Yes        .          Yes                 .       Yes          |           CN-lite-v1         |            
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|         Trition         .      Yes        .          Yes                 .       Yes          |           CN-lite-v1         |            
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|         Iridium        .      Yes        .          Yes                 .       Yes          |           CN-lite-v1         |            
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|          Alloy          .      Yes        .          Yes                  .       Yes         |          CN-Alloy            |
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* Updated: List as of May 03, 2018, will add coins as I find correct information (or sources from comments)

** The column "Coin" lists the Cryptonote coins

*** The column "GPU" is to determine if it is still profitable to mine with GPUs

**** The column "ASIC resistant" is to confirm the stance of the coin devs/team on ASIC resistance. If the team are actively working and updating, the column should say "Yes".
If the coin promotes ASIC resistance, but there is no update yet the column should be "Maybe", else "No"

***** I will update as much frequently as I can, after confirming the sources and will add them here

****** Disclaimer: This is neither an advertisement for the ASICs nor the coins per say, just information that can be useful for GPU miners. Please do not consider this as a definitive guide or advice on which coins to mine, but a source of information. Do confirm the facts and if possible help keep the list updated

Sources for ASIC Resistance:
Monero - https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html
Stellite -  https://bitcointalk.org/index.php?topic=2813261.0
Graft - https://www.graft.network/2018/03/14/graft-anti-asic-fork/
Turtlecoin - https://github.com/turtlecoin/meta/issues/74
Dero - https://www.reddit.com/r/DeroProject/comments/84kufy/deros_official_position_on_asics/
Electroneum - https://www.reddit.com/r/Electroneum/comments/84nvzi/richard_ells_confirms_proasic_stance/         https://www.reddit.com/r/Electroneum/comments/84nlik/etn_will_follow_monero_and_implement_anti_asic/
            [1] Although they have claimed the Anti-ASIC stance, they mentioned will follow footsteps of monero, so no definite timeline yet.
            [4] Update: Seems there will be a hard fork on May 30
IPBC - https://www.reddit.com/r/ipbcoin/comments/83v9mn/asic_resistance/
            https://bitcointalk.org/index.php?topic=2856278.860
Ultranote(XUN) - https://bitcointalk.org/index.php?topic=2357930.0
Edollar(EDL) - https://bitcointalk.org/index.php?topic=2643196.0
Aeon - https://bitcointalk.org/index.php?topic=641696.0
Alloy(XAO) - https://bitcointalk.org/index.php?topic=3002653.msg32475110#msg32475110
Intensecoin - https://bitcointalk.org/index.php?topic=2090765.msg32364315#msg32364315
                  [2] The response of the team is wait and see how it affects, so I'm not positive they will do anything before the miners start mining.
Masari - https://www.reddit.com/r/masari/comments/84o1bc/development_thaers_comments_on_masari_following/
Sumokoin - https://www.reddit.com/r/sumokoin/comments/83s0we/will_sumokoin_fork_to_kick_off_the_baikalminer/
                 [3] From the thread seems like they will change if it affects the coin,
                       for now they it's wait and see how things go approach.
                 Update(Mar 22): Seems like they are testing out the fork:
                             https://twitter.com/sumokoin/status/976222145603883009
ItaloCoin: https://bitcointalk.org/index.php?topic=3122277.0
Lines: https://bitcointalk.org/index.php?topic=3162385.0
Bytecoin: https://bytecoin.org/blog/the-asic-statement-clarification-from-the-bytecoin-team


Sources on fork:
Monero - https://github.com/monero-project/monero/pull/3253
                        https://www.reddit.com/r/CryptoCurrency/comments/82w91m/monero_network_upgrade_at_block_153950028th_of/
IPBC - https://www.reddit.com/r/ipbcoin/comments/8cms2s/ipbc_has_now_forked_at_block_54900_all_you_need/
Fonero - https://github.com/fonero-project/fonero/releases
Turtlecoin - https://github.com/turtlecoin/turtlecoin/releases
Sumokoin - https://www.reddit.com/r/CryptoCurrency/comments/89vvmn/after_being_attacked_by_the_asic_past_few_days/
Electroneum - https://www.reddit.com/r/Electroneum/comments/8chvjx/when_antiasic_fork/
Graft - https://www.graft.network/2018/04/17/graft-network-node-update-1-1-2-block-64445/

Ref: There are a few threads on bitcointalk for specific miners, and specs about them on Baikal and Bitmain websites


Algorithm:
CN : CryptoNight
CN-v7 : CryptoNightV7 or CryptoNight-Variant1
CN-lite : CryptoNight-Lite
CN-IPBC : CryptoNight-lite variant (Cryptonight-IPBC)
CN-Heavy : CryptoNight-Heavy
CN-lite-v1: CryptoNight-lite Variant 1
CN-Alloy : CryptoNight-Alloy

Graft too

https://www.graft.network/blog/

GRAFT team shares the same concerns raised by Cryptonote/Cryptonight community associated with creating a special hardware (ASIC) for Cryptonight mining. We realize that enabling ASIC (Application Specific Integrated Circuit) at this point may introduce a risk to stability, decentralization, and even very existence of GRAFT blockchain. After thorough review we decided to support the anti-ASIC movement and add an ASIC-resistant code in the next fork. We will follow up with more details about the implementation and timelines soon. Thank you for your support, stay tuned!

Thanks, updated the list!

Also TurtleCoin:
https://github.com/turtlecoin/meta/issues/74

Nice well made post, good initiative.  8)

Thanks, will update. I should add a column to confirm that the coin has been hard forked.

Thx

Also IPBC:
https://www.reddit.com/r/ipbcoin/comments/83v9mn/asic_resistance/
https://bitcointalk.org/index.php?topic=2856278.860

Thx, updated!

Nice research! Merited! :)

It would be nice if you could maintain this thread for a while and let everybody know which coin will be forked to be ASIC resistant.

My opinion is that whatever coins will not be ASIC resistant will fail and it's not worth investing in them.

Thanks! I will try to keep in pace with the changes over the months. My worry is the fork is coming sooner (later this month in case of monero afaik) than the ASICs (e.g. Bitmain in May) and they might be able to account for the forks - maybe not easily, but would be possible for the ASIC giant like Bitmain.

They can change to fix their ASIC - but it takes MONTHS once they have access to the new algorithm - redesign the chip, validate, do a tapeout, test, then *if* the tapeout chips are right order production to go into the QUE when space comes open.

I can see Bitmain trying to do this perhaps ONCE, I doubt they'll try after the first time due to the COST.

 

Makes sense.

Especially now that the Monero Team has said that the algo will change every six months, byebye ASICs !

Wow, so none of the CN coins have confirmed that they will stay ASIC mineable? Might be a bad time to buy an ASIC then. :P

According to SUMOKOIN telegram , they have decided to fork .   

Although I'm not saying buy ASICs, I'd like to point out most of the coins though have decided to fork have no definite time (unlike monero) or some might have decided to wait and see. There are few, new CN coins with less market worth - so ASIC owners might suddenly target all those till they decide to fork (until all new CN coins move to updating their algorithms - auto or manual). Since all of them decide to move to smaller coins, their difficulty and profitability will drop. But the time between the ASIC owners get their machine and the fork is unknown. (For eg the Baikal miners should be seen soon, and most of the coins are (hopefully) working on their fork but not before people get their ASIC) So although it seems like initial owners might make some money, but overall I think I'd not go for CN ASIC.

Thanks, I've added in the twitter link that says so, if you have other sources please let me know

Be ready for "Monero Classic" cause you know it's gonna happen.

I'm not well conversant with Ethereum and Ethereum Classic (apart from they got hacked due to flaw and decided to hard fork, but am unsure why the old coin was required to be still in circulation), but why would you think there would be "Monero Classic". Wouldn't all demand be for Monero - and who would be responsible for Classic version, which if I'm not wrong would not be v7 or basically current version open to Asics?

Why wouldn't there be? It's not about the tech. It's quite simple really ... in matters such as these there will always be a conflict of opposed ideas or attitudes or goals. A difference of opinion.

Let me also add...If/when Monero forks to a new algorithm, if it is indeed a profitable coin, ASICS will be made. This is inevitable. Then what...? Another fork?

Time to get realistic.

I thought Monero do the hard fork every 6 months which would further make things difficult to constantly produce new ASICs

Ref:
- https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html
- On the fork that is later this month https://www.reddit.com/r/CryptoCurrency/comments/82w91m/monero_network_upgrade_at_block_153950028th_of/

Forking every six months... That's downright hilarious  :D

Miners and regular users will have to constantly update their wallet and/or miner software. Not only will it be a pain for the average user especially if they don't understand how forks work, it creates more work for exchanges, and forums and other support vectors will suffer because of this since they will helping all these average users through all their troubles.

The claim and the reasoning behind constant forking is to avoid "ASIC centralization." This is still a concern? Bitcoin (as an example) is almost 10 years old and people are still worried about "ASIC centralization?" Really...?

I admit ASICs may not be entirely an issue. They also face issues with large botnets that occupy much of the network hash (but that's a different discussion). I'm a bit open ended on the argument.

     For the first part you mentioned i.e. the 6 month fork, it does seem like trouble, but the fast change of pow was their official proposal after the fork on Mar28 - since I not completely knowledgeable about their updates I'll refrain from commenting, though their pull request has some interesting points. Bitmain is releasing in May. If this were the final version, they could just as easily updated the ASICs by delaying this time around, wouldn't that have rendered the fork useless. The problem with the ASICs is that they were too costly to update to newer version, and if they were viable in the current form, Bitmain and others would continue to sell them at very high price. Also the bitcoin Asics remain profitable even after increase in the difficulty is due to the high price of the bitcoin. And I'm not sure if many (even if the amount is in not in hundreds of thousands or millions) people decide to mine monero, the difficulty would most certainly rise, which may not necessarily give out enough ROI to justify an single ASIC, and rather insignificant profits for smaller GPU rig miners to mine at all.
      On the other hand, the adoption of ASICs for bitcoin is truly much more than anticipated though.

Ref: https://github.com/monero-project/monero/pull/3253

That's correct. Even if they do forks more often. Coin mining with GPU will help these coins to preserve decentralization for a long period and to avoid the errors of bitcoin. Now bitcoin mining is monopolized by several large miners, most of them in China. What will happen if China prohibits miners from working tomorrow? Blackmail the miners did not go to segwit2x and we are today experiencing because of this problem.

Countdown to monero fork:
http://xmr.noctism.com/

Ref: https://www.reddit.com/r/Monero/comments/85cudl/20180318_monero_dev_meeting_summary_and_logs/

I see Fonero (FNO) has also forked to be more ASIC resistant, you can see more info on their GitHub page here: https://github.com/fonero-project/fonero/releases
I hope you can add this info of the OP for more people to be aware of it :)

Since FNO is a fork of XMR it's a good thing they also implemented the resistance, otherwise the ASICs can move over to it and ruin it.

It seems that Aeon is not ASIC resistant after all:

https://www.cryptunit.com/coin/AEON (https://www.cryptunit.com/coin/AEON)

Hashrate and diff skyrocketed as of yesterday

Thanks! Updated the list.

That may not necessarily be asics, they are also facing the issue with botnets

Even though graft is forked (https://www.graft.network/2018/04/17/graft-network-node-update-1-1-2-block-64445/) and currently at height ~65k (https://blockexplorer.graft.network/), some of the pools still have ridiculous has rate (e.g. https://cryptoknight.cc/graft/). Doubt I can make anything with my few vegas.

It's just curious that just now the diff skyrocketed. Given the timeframe its more probable that ASIC's or FPGA's are now mining there. The last days you can see huge differences between the CN coins

I appreciate the time you put into keeping this list updated :)

I have an idea on how this could be improved: maybe you could add a new column to your table and also specify the algorithm used by the coins that forked.
Some have switched to cn-heavy, cn-lite, cn-v7 and this place could be a good resource for that information as well :)

Excellent idea! I'll add the column and the details soon

Hi jdoi,

Are you still updating the list? For example, Electroneum has already forked (in your list it is marked with "upcoming" fork).
I think the situation has stabilized a bit, probably from now on nothing much will change anymore...