Bitcoin Forum

So anyone want to predict what the Monero diffulty goes to on the 6th ?

current diff is  - 116,825,734,095
total hashrate  -957.59 Mh/s give or take?

Personally I predict at 30% inital drop , before GPU miners switch back over from other coins

so difficult goes to 81,778,013,866.5
hash rate to 600  mh/s

If all goes well, it will be a great day this will increase overall profitability.

77% of monero hashrate is unknown, and you think less than half of that is ASIC-driven? Hopefully that's conservative... I'd like a 40-50% drop better  ;D

Regardless, it will be an interesting day!

Keep this thread alive for the calculations and statistics of before and after the fork so we can see what to expect from other coins which hard fork to block asics.

I hope monero devs will save us from this Bitmain evil *uckers.

Hey Ethereum has grow up so fast because of gpu miners, it can be the same with monero.

How is difficulty calculated? If I'm thinking about it right, even if you have a drop in network hash it still may take some time for difficulty to adjust down?
Not sure if that's hours or days or longer.

Seems like there was a coin back in the day who had a similar experience. Massive network hash drop but difficulty hung for some time before completely re-balancing.

450 MH/s tops.

AMD rigs will switch back and Nvidia rigs profits will start going up...

that would be nice, AMD rigs are on raven now too killing profits

will nicehash be the best place to mine to ? with my AMD rigs ? debating here

Ive not gone back to them since the ripoff

Best place is to mine with a 100% cryptonight miner, directly to your wallet.

It will be interesting to follow the moves between ETH difficulty and XMR difficulty. Lots of Vega rigs may witch from ETH to XMR.

maybe 50% of the hash is asic? I am curious how long it will take bitmain to have new asics for v7... I think less than 60 days to have the first batch hashing... maybe 70 days :).

 60% fast drop  then a climb back to 30-40%

and if I understand asics  it should take 4-6 months  to crack it again not  60-70 days

I disagree, bitmain has yuge teams already in place... if you look at all the algos they own... sha, scrypt, x11, cryptonight, sia, ethash, equihash (still private:))...

I guess as the algo is already public they are almost done with the design... maybe 10 days more.

then wait for a slot in fab (30 days).

fab print the chips (10 days)

assembling the hashers (20 days)

installation completed.

anyway when the diff start to double in a a few days, it will be there :).

poor 12k asic buyers. ;D

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.


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.

Monero needs another fork again in 4 weeks just to cure the disease properly.
As said already, Bitmain is probably already well on the way for V7.

SUMOKOIN has now forked to their new heavy version.
Their hash rate is down to 10-20%

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.

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....

Edit: lol i saw xs.over's picture after i wrote this

that would be so cool :) !


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

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

I believe that we will see a 50-60% drop.

After fork 4-500mh

Well someone likes to keep the old algorithm and blockchain alive: https://bitcointalk.org/index.php?topic=3256439.msg34021487#msg34021487

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

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.

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.

Very excited about this - will go to show how much Bitmain are messing with us

nah. nah i hope no one will support/buy that coin so it will become a dumping coin.

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.

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.

Cast XMR are also supporting rx 470 up to 580. just use the latest version which support v7.

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.

What is best miner for Momero fork, for nvidias ?

Nvidia is terrible mining cryptonite

but there are some miners check the Sumokoin mining thrread

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

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.

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    :P

While -50% hash rate on XMR would be nice because bitmain can go f itself up in the ass, it wouldn't do anything amazing for us small time miners. Sure, -50% means we would probably get double mining profits for a few days. But double of its current profitability at $1 is not so spectacular. Other coins are still more profitable to mine. Interesting but meh. Close but no cigar.

Switching my two Ryzen off ETN in the morning and on to XMR7 :)

Just need to get the wallet tomorrow morning first thing.

mmm Difficulty : 136721049036 before the fork now Current Difficulty 134494350633

april 06 The scheduled MONERO network upgrade went successfully! (at block 1546000). Network rate take 12-24 hours to adjust but it seems to be going up?

Hm why is there still a coutdown on the monero page: https://monero.org/ (https://monero.org/)

EDIT: Lol the moved the fork again: 1546500 block. https://monero.org/forks/ (https://monero.org/forks/)

Yeah, so far looks like hashrate has gone up!?! I like this site for following XMR network stats: https://chainradar.com/xmr/chart (https://chainradar.com/xmr/chart)

Might be due to the fact that miners are more efficient on that algo. I'd like to see hashrate sources and if that 70% elephant has gone down at all. It'll be interesting to see if any botnets jump on the coin again in the long term.

still on the 6th of april, so nothing to complain about.

Yes - I am actually more curious about the effect the fork will have on botnets rather than ASICs. I would think that the botnet worms could be remote updated but perhaps the need to do so either wasn't anticipated or not incorporated because it would point to the perpetrators.



Ah, yes, it appears there's still 8 hours or so to go until the fork because it was moved again. I saw the earlier comment that the fork went through successfully but didn't actually verify that was the case. Alright, carry on! Nothing to see here!

I think they are having some issues with the fork. Will see.

well deserved. They fork their coin when Bitmain releases ASIC for the public, but let them mine in private. clap clap

So true and that is my point, they should block bitmain, before bitmain sell anything to the public and always.

2 hours after the fork and there is only 8 new blocks. It is supposed to be 60 blocks. So the hash rate is just 13% of the original hash rate. It means 87% of the old hash could be ASIC or botnet or the  GPU have not changed to V7.

Top 2 miners of dwarfpool with bittrex address leave the pool. 908 workers now. 3Mhs
Minergate hashrate drop from 38Mhs to 4Mhs.
Nanopool drops 50%.
Suportxrm 60%
Miningpoolhub 19M to 4.


hashrate drops 50% without fork in pools.

I suspect what happened here - and which is currently happening with Ethereum, IMO - is that the Monero devs just couldn't believe an ASIC miner was practical - it is always possible, yes, but not necessarily worth doing. So when network hashrate started going up dramatically a few months ago they likely attributed it to their burgeoning success rather than an ASIC. It was only when Baikal, etc., showed videos of their ASIC CN miners that the threat even registered, but by then they were months behind the curve.

Same thing with Ethereum - the devs claim to hate ASICs six ways to Sunday and that the heavy use of memory by the Ethash algo makes an ASIC miner impractical, yet the Bitmain E3 just went on pre-sale for July delivery and promptly sold out. Seems that Bitmain found out that paralleling a few channels of cheap DDR3 was just as good as a single channel of DDR5 and the rest is about to become history.

These two examples should serve as a prominent warning to all other coin devs: if you want to resist ASICs taking over your network then you need to preemptively fork every 6 months, at least; if you merely want to prevent decentralization of your network because of a single ASIC manufacturer, then figure out the HDL implementation of your algo and release it as public domain so many new FPGA and ASIC miners can be developed rapidly.

I have 20 rigs , I put half on nicehash crypto v7 and the rest on nanopool

unfortunately the stats on both pools are are still messed up, it seems there are two forks now

the old fork with asic still on it has pretty much thw same diff which is strange

the new for has like only 20 percent of the old hash rate , there is no way that asics and bots were 80
percent of the global hash.

either way things should be interesting next 8 hrs

It is possible that the ASIC and Bot has 80% of the old global hash. The speed now is about 10-20% of the old speed.

Crypto-pool.fr only 1MH/s 2MH/s only :D
The net hashrate is still huge... Might it be that ASICs still mine even all the shares are rejected?

Nanopool took a massive hit, but that's recovering now. I wonder how long the botnets will take to update...

From what I understood the net hash rate is in-directly calculated and will take day or two to adjust to real value.

fuck bitmain and all those others slave that accepted to be censored in china and that right now try to make europe in their own image... and who support iran... will see... those little bastards... they want war. they will have it...

The XMR fork took place at 07.24 am (UTC). The first XMO blocks were successfully found right after the fork as expected. Due to some technical issues, XMR blocks started to appear only an hour later. The network was divided between the two coins as follows: 30% of hash power went to XMR, 70% to XMO. The data was received at 9:30 am (UTC).

An update on XMO fork coming soon.

https://monero.org/forks/monerov-xmo-hard-fork/

what a joke "monero.original@gmail.com"

Well   the key is price


if xmo  is 70% 

and xmr is 30%

  what will price be?

At the moment  my  few cpus are on the old  fork.

I have very little  hash power     for xmr/xmo

about 2000 or 2500    was making well under 5 dollars a day.

I'm also heavily upset with Bitmain and others like them. This is a total injustice.

well, I think the network will be split heavily
at least 80-85% will go for the new fork and the rest will stay on the old chain, cause not all people will restart their miners and i'm sure chinese asics will stay o the old chain..

Blocks are coming very slowly.  In case anyone is interested (as I was) there is a good explanation of monero difficulty adjustment in the answer on this page: https://monero.stackexchange.com/questions/987/how-is-the-monero-network-hashrate-calculated-and-how-is-it-different-than-bitco/1010

So I guess we will have to wait a bit to see the difficulty start to come down but it sounds like it should probably start happening within a day or so.

Assuming that explanation is correct then I would expect all of the current blocks to be in the 20% of outliers that are discarded.  If so, then 20% of the rolling 720 blocks used to calculate difficulty would be 144 blocks.  So theoretically it may not be until after block 1546144 that we start to see a real difficulty drop and faster blocks again.  Which right now means another 126 blocks.

Don't worry we are gonna fork their ass... as much as they want, until they capitulate like little bitches. and concerning sha2, don't worry the diplodocus are slow to move, but once they reach the pasture nothing will be left behind.

https://s14-eu5.startpage.com/cgi-bin/serveimage?ref=https%3A%2F%2Fimgur.com%2Fgallery%2F7agKw&ua=TW96aWxsYS81LjAgKFgxMTsgVTsgTGludXggaTY4NjsgZW4tVVM7IHJ2OjEuOS4xLjcpIEdlY2tvLzIwMDkxMjIxIEZpcmVmb3gvNTIuMA&uadata=20634e42e7a03e153b65c75c8c90c730&url=http%3A%2F%2Fi.imgur.com%2FoV7dWQu.jpg&sp=d88b658feea16c341c4b63d0e153ba4d&f=cad99fd1394203b7cdbc0a745cec0bf4.jpg

We have
XMV
XMC

now XMO. Great!  >:(

So, after the fork happens and the new algo comes would it be again easier for NVIDIA cards to mine it or would it be good for AMD too? Dunno what to mine with my AMD rigs...

Its interesting topic I'd like also to know the of thise who bought this miner, I just wanna know the result of it in mining ethereum.

I forgot that there will be a difficulty adjustment. This is like watching grass grow. supper exciting  ::)

Fork failed ,. ahahhahaha noobs

Guys, I have a different hashrate here for monero7

I used to make 600h / Ryzen 1700 and now dropped to 420h

Huh?  Cryptonight was always better on AMD cards.

On a side note the blocks are coming so slow.  Difficulty adjustment will happen will take 24 hours? How does that affect payouts?

It might be the changes perhaps?

The fork will be in 4 hours.

https://monero.org/monero-v7-fork-postponed-to-april-6th/

It’s already forked.

And I see an uptick in Nicehash return on Cryptonight, maybe coincidence, maybe related.

I'm a bit confused today about this fork  ;D

The monero POW v7 changes started at block 1546000 and we are at 1546024 now so that already happened.  I don't know about any monero-wanna-be coins that may have forked off at that point or may be forking off later. 

I hope we see some difficulty adjustment before 1546144, this is pretty slow...  So far though the difficulty hasn't really budged.  In fact it has actually crept upwards a bit which is not helping.

block 1546024 took 1hr 26m, 2s to solve!

but your right, at this rate, difficulty drop will take days.   how long does it take to create new asic and start again... seems like an arms race that monero is gonna lose.

normal the bastard of bitmain pulled all their hash and use nicehash to try to creeple the network... remember bitmain are in fact military personals (those who killed the student in 1989 in tiananmen). it's so pathetic, they fight like little girls...

http://scd.observers.france24.com/files/imagecache/1024x576/article_images/tian2.jpg

look at how the soldiers of PLAoC are happy to be in the blood and clothes of their so called liberated :D.

https://secure.i.telegraph.co.uk/multimedia/archive/02914/tiananmen_2914256b.jpg

http://www.anntelnaes.com/wp-content/uploads/2013/06/Bikespixels.jpg

Don't forget that's what is behind the little logo and sleak pr... all fake. you just saw what is really this china.

getting 24% rejected shares on nicehash with the claymore miner v7 any ideas ?

Last 25 blocks took 7 hours

Previous 25 blocks took 40 minutes.

IF you are moving any XMR right now, you may be waiting a while for it.

Yup that block was painful to watch this is going to take a while,  ohh well turning back to duel mining.

yeah exactly, wait for the diff readjustment if you are just here to dump, the others... they stick, I am sure :).

You have to run 11.3 with -pow7

https://bitcointalk.org/index.php?topic=638915.0

[edit] wait, why the hell are you mining xmr right now.  you need to wait a few days for difficulty to re-adjust.

That is why as because some of the rigs of my colleagues at work who are using winminer with RX 580 GB 8GB have switched to Sumocoin making about 1.40 dollars per card per day going back to nice profitability. It will be a welcome change for the Monero fork if that will bring difficulty down, probably the RX 580 people will switch back to Monero.

Dream on. I started mining it today, it was 3.5 GH / s. when I started, with great profitability. Right now its already 16 GH /s. I went of at 10 GH / s. Not worth it.
Right now for 6300 H/S you only get 4 sumo per day. Does not even pay my electricity.

same here. one post fork is at 1546000,other post 1546500....

hashrate drop on pools by 30/50%  but/

-global hashrate still grow up,
-diff still up.

WTF?

It would take 720 blocks for diff adjustment after fork.  First 60 blocks will have no change in diff either.

So how many days before Monero difficulty starts to drop significantly - 10 days?

As mentioned, once you get past block 60 diff starts adjusting and will pick up pace as it moves down. Watch block time.
My guess is 2 full days. Nothing more than a guess.

Not that long.  I am unclear as to how the edge case blocks are selected and then disregarded in terms of how monero retargets difficulty, but after the first 144 blocks (at the most) we should definitely begin to see the difficulty go down.  We are 44 blocks of the way through that 144.  It may well start to head down sooner than that though, on the other hand, it may head up some more as well.  As I say I am unclear on how it determines which blocks are considered the edge case ones that don't get counted towards the next difficulty.  

At any rate, we should see the other side of the first 144 blocks within 24 hours and see a definite reduction in difficulty begin (if it hasn't started before that).  As heavyarms1912 says above, the full extent of what network difficulty will look like will take 720 blocks but once it starts going down, blocks should begin to be a lot faster again so hard to say how long it will take to get those 720.  I would guess that 48-60 hours would be long enough for us to see something like normalcy in terms of block time on the network again, although it could certainly be less time than that.

Looks like many ASICs are jumping to ETN, the hashrate on nanopool doubled from 50MH/s to 100MH/s after Monero fork.

I don't care if I have to update my software once a month just to keep the ASICS out, to me, even then it is worth it. I don't know how you people feel about it? If the developers can just keep the config files the same, then it's a simple download and install of the new version...

What if Companies like Bitmain start providing incentives to devs/team to procrastinate or avoid updates  :-[ :-[

So basically we would know an rough hashrate that came from botnets+ASICs once xmr crosses block 1546720?

I agree.. as long as there are companies that don't play by the rules, secretly develop and manufacture ASICs, mine with them and then sell them with profit to unsuspecting public.. despite having only Nvidia cards not suitable for cryptonight, I am mining and supporting Monero today. I would not mind updating my files for any coin every so often to keep the money distribution fair and mining decentralized (as much as possible).

There is so much wrong with an ignorant statement like this I feel I have to respond.


1. What 'rules' are you referring to exactly? Pretty sure there arent any industry wide rules that are accepted as valid.

2. All companies develop new products before announcing them. You are trying to apply malicious intent to a STANDARD INDUSTRY PRACTICE.

3. This might come as a shock, but when you develop a new product, you have to test it to make sure it works. So yea they mine on them, that is how you test a MINER.

4. The unsuspecting public? People have a duty to make their own informed decisions. If they follow others blindly like sheep they deserve to lose their ass on things.

oh man shut the fuck up you retarded bitmain fanboy...
they´ve been testing them with aroung 1000mhs for months on the cryptonight network, mostly monero. if monero would not have announced a fork they would never sell them

I've been mining to dwarfpool and getting accepted results on v7 but my balance is unchanged. Blocks have been found but the unconfirmed doesnt increase. I have a feeling they are funnelling it somewhere. All kinds of fuckery going on with this XMO. They are hoarding all the old algo shares and claiming 70% of the hashing power.

I don't think they're doing anything illegal.  More likely unethical stuff. 
Testing for 4-6 months a unit is not brand new Unit anymore; basically testing units for several months is not testing; it's using it.

thank you that's exactly the answer I was looking for !


you don't get that bitmain is an unit of plaoc whose goal is to attempt to kill all cryptos to try to close all the financial gateway out of the jail that china has become (or maybe always be)? how naive of you...

there is no laws in china, nothing, but banning the quran and making the name of the prophet illegal, jailing people, removing their culture and replacing the native populations by hans... it's the worst hell you can imagine...

To sum up.  I was being "Polite"  :P

those censors and organ farmers, killers of the white southern rhino, genociding the elephants and tigers, sharks and turtles, making islam illegal and wanting to destroy the usa, deserve absolutely no mercy. raw recklessness until they aren't.

call intel, samsung to start sha2 miners, and ban their sell to china... made in korea and made in usa ! no delivery to china, just play their game, say the batch arrive and delay, delay...

they are our enemies, we gave them the olympics to see if they could open up, 10 years later... it's a resolute no... so it's clear : the path to victory clears...  

Well, and I feel you are just trolling me here ..to make me respond to your rather insulting comment how my statement was ignorant. But I don't see exactly, what I was ignoring:

1. Don't play by the rules - that was an expression, if you did not get it, that is your problem. What I meant is that there are companies that are only profit-driven with no social responsibility whatsoever. Those exploit the system put in place by the developers of the digital currencies to gain unfair advantage over other participants in the "free market" (look at Nicehash or Bitmain). And even free market must be protected with some rules.

2. What you are saying is true, but I think we both know that this is different in this case, because that product of the company directly messes up with the entire system. I would not mind ASICs developed in cooperation with the community of a given coin (wouldn't I? I don't know, that's probably not going to happen anyway). You're just taking my statement way too seriously ..

3. I think the extent of such testing will be clear in few weeks. I would prefer if they tested such product (see point 2) on their private blockchain. But of course, slap me with the obvious fact, the shocking revelation that you need to "test" your product before launch on the market. And why not earn few hundred milion bucks doing it. You are so smart and I am so stupid I did not know that. Congratulations.

4. Still, there are some basic consumer protection laws in place in many developed countries. I am in no way defending such laws, but there is no way you can be sure that the product you purchase has not been extensively used. Therefore I used the term unsuspecting public..

I don't see how you have constructively added value to this discussion, all you did was take my rather half-serious statement apart and comment on the obvious things. I personally did not learn anything new from your clever comment, but please continue with your education. Anyway, I am out of here, not much has ever came out of internet discussions anyway and this is as much as I was willing to write this year.

Oh well, I guess that would have been my short answer too..

Get on topic, or GTFO.

Ah geez, difficulty is going up.  I was thinking that this might happen.  All of these slow blocks are being treated as outliers in the difficulty retarget so they aren't being included.  We gotta get over the 20% outlier hump so that the retarget will start to include the slow blocks.  Monero devs should look at this issue for future forks.  They might want to figure out something that will help difficulty retarget faster right after a fork.  The 720 block minus 20% outlier thing is actually a decent formula for when hashrate isn't changing a lot in a short time frame but this current hashrate drop and associated slow block time thing is going to be made even more painful with this short term increase in difficulty.

You are right it seems. So the 12-24h estimate was off. This can take alot longer to start correct?

STFU you moron. Islam is legal in China, there are mosques in all major cities and far from all muslims are uygurs.

Looks like its starting to go down now. Network hashrate is now at 830+mh/s compared to 1.16Gh/s yesterday

https://www.difficultychart.com/monero

Here are my numbers:

SupportXMR mined 31 blocks out of first 130 V7 blocks, with less than 36MH/s, so the network hashrate is:

36 x 130 / 31 =  151 MH/s

Can you explain your formula.

Block Explorer currently shows 531Mhs, 24h low currently, compared to yesterday's 1.2Ghs. 55% of hashrate is gone. And of course, block explorer shows calculated hashrate, not a real picture, this will keep dropping rapidly.  ;)

Going down faster now. It will still take days for full adjustment but it looks really good. Now it show how much crap was on the monero network. 3/4 of the hash were ASICS or botnets.

Looks like the difficulty already has a steep drop.

However profitability wise... a RX 570 makes the same amount as ETH now.

Only difference is it uses a little leas power

Biggest miner on MPH was 200 Kh yesterday, now there is one at 1,400 and another at 400.  I'm guessing either the botnets are getting back in the game or someone figured out how to get their asics going on this version already.

Or GPU mining farms joined back.  Yesterday blocks were too slow to mine.

That top miner at 1400 Kh would be something like 1500-2500 high-end GPU's.  A bit hard to believe for a single farm.  Not to mention if you had a farm that big, why not solo mine?  It's 13% of the entire pool.  If I was a gambler I would bet on a botnet.  But seriously hoping it isn't asics.  I don't really know enough about the v7 changes to make any sort of intelligent comment about the feasibility of modifying the existing asics to work on the new version.

You're definitely right though about profitability being no good yesterday whereas right now it's looking pretty good.

According to Whattomine profitability for XMR and ETH is almost the same on RX570 at this moment. It's OK but I was expecting XMR to be more profitable, at least now immediately after the fork.

Google had massive problems with spam in 2012 and then they started rolling out algorithms that stopped the spam: panda, penguin

which eventually made their search engine almost immune to spam. So if software developers can just persist, they can win this war against the ASICS. Software developers are able to create an almost impregnable environment by just constantly adding coding requirements.

whattomine isn't taking the actual difficulty into consideration.  difficulty should drop more on xmr

yeah thats what i was expect as well my god the 30 percent asic figure was not even close wtf that means for eth and zcash probably the same thing

There are a shit load of GPUs mining ETH and other coins out there. The moment this became as profitable as ETH for RX580s and similar, it begun drawing them. Instead of Monero mining going insanely profitable as some expected, I think all GPU mining will be a speck more profitable, and that's it.

more than a spec, and once electroneum forks as well things should get even better

i supect we will see acros the board 20 percent more profits acro the board when all the remaining forks take place

i think this fork opened alot of eyes,  i think other algo will fork just to flush out the asics

plus I think from this we now know a large portion of the eth hashrates are probably asics as well which cant switch to v7 so i think eth hash rate will only drop say 15 perect mac

It seems the big here is etn, after it forks it will stabilize profit across gpus. So far the dif drop was very good, lets see how long it will last. It will still drop more.

https://www.difficultychart.com/monero

According to some people, Vitalik has no interest on forking the algo, but just going to PoS once we achieve a 100 million coins.

I would not bet my money in that Vitalik will allow people to mine more ETH than 100 million coins.

Monero has no pos in mind so is understandable about the hard fork. eth has a lot to lost if the hard fork fails or it add other problems. Problem for problem, best to go pos straight but I think there are reasons behind why they dont want to hard fork it and we might never know why. The truth is even if there are asics, eth devs get the same money, only miners and the decentralization idea is losing with asics, for eth devs, already too many coins were mined by gpus, so even if a minor percentage is with asics then is okay. eth devs do not care about miners and their profits, the decentralization would not be lost cause asics will mine for a short amount of time and coins.

I am trying to move one rig from ETH to MONERO. I see 4500 h/s for 6 rx 580. If the difficulty has dropped, shouldn't I see better hashrate?

no  hashrate is hashrate  you should see less difficulty  and higher earnings with the same hashrate.

Which has happened  to both the old xmo  and the new xmr

I think the good profitability will last a day or two, then there will be a increase of hash rate from other GPU miners.

Thanks. Is there any place to check the estimated earning after the fork? Whattomine shows similar earning compared with ETH. I was hoping after the fork earning will be better than ETH.

it will take time, good rewards will be only for vega, rx 5xx series will have to be on eth.

I completely agree, once monero copy pastes all the work done by other teams and devs of monero or sumokoin, the hashrates will drop further and profitability will increase higher. Everyone in this situations wins except those people who bought cyrptonight ASICs. They should have thought about it more in the first place.

You guys forgot that SIA/DCR/Lbry were lost to ASICs early this year , every coin counts  . every forked ASIC = more profit to GPU

After the fork and the difficulty adjusted, profitability on XMR went up ~4x. At the current price and difficulty 800 H/s is ~$1.25/day in profit after power.

https://crypt0.zone/calculator/details/XMR?hr=800&pwr=110&ec=0.12&fee=3&cur=USD&average=3h&exchange=0

I really wanted dcr to be hard forked to block asics, dcr is a good coin.

Right now XMR is better with RX5xx/4xx then ETH.

I do believe this will even out by the end of month (miner migrating from ETH to XMR)

Monero network still adjusting the difficulty, right now is 6 times less than what used to be. From 140 to 24 right now, Amazing.

https://www.difficultychart.com/monero

Very nice

Looks like we hit the bottom already. It seems like its starting to rise again. Nicehashers are probably mining it right now.

The lowest I saw it go about 20 minutes ago was 175 MH/s, now we are at 187 MH/s. We shall see. We just passed the 720th block. Now at 1,546,721.

Well its back to 198Mh/s now. looks like its going to go up now :(

Yes, and diff is going up, too... Now we will see that Nicehash miners will leave the pools very soon...

Diff will go up now and that's normal because everybody will try to mine Monero while is still very profitable, but I believe that this hard fork will help the entire "GPU miners" community because diff on ETH should decrease a little.

We'll see if ETH hashrate will decrease, probably not too much if there really are ASICs mining it. Also if ETN forks there should be some more room for GPU miners  :)

Well, there is a big difference between cryptonight and ethhash algos
It's not the same to have 1 milion cards on both coins, cryptonight just can't eat so much cards to be profitable

Eth chart was only decrease a little. ASIC-Bitmain is mining. Vitalik need to see the focking Eth chart and XMR chart

The Monero hashrate has now stabilized nicely. Its amazing how much ASIC and botnet hasrate was on the blockchain. 70% at least.

Blimey. Amazing how much Bitmain was mining!

i switched about 90% of my hashpower yesterday from ETH to CryptonightV7 (via Nicehash) since it's so profitable.

reasons for using nicehash instead of monero directly.

1. simplicity is valuable to me, no need to manually trade
2. I try to only deal in coins supported by coinbase/GDAX. Since I'm US based, they're really the only exchange i trust.
3. NH pays me in BTC, which I trade straight to ETH for HODLing.
4. NH is still paying significantly more than mining ETH straight
5* (Bonus for everyone on cryptonightV7) Power use is about 30% lower than ETH! lower electric cost and lower heat all around

you can certainly make more mining Monero straight if you dont mind trading on second tier exchanges (IMO), and the little bit of extra work. Personally I'm more interested in the long term prospects of ETH so that's what im focused on holding and putting my efforts towards.

This Forked got an overwhelming support of miners who want to shutdown their rig because of the drop of ethereum profit  and now pointing all of their hash power to this newly forked xmr, I think this is not the time to point my miner too...

So you are supporting ETH - the coin that is going to leave gpu miners alone with asics and pos centralization. Rich become more rich ))

And he is suporting Nicehash which in my eyes is a menace. Their constant changes in what is mined, causes huge spikes in networks. On top of that they dump coins driving the prices down. People thing about that before using Nicehash. Its bad.

theres literally no proof any ETH ASIC even exists.

the E3 is a GPU based system IMO. the hash/watt ratio is clear as day that its GPU based and not a true ASIC. people are worried about nothing. if the devs fork, it will likely not have much impact as i bet the E3's can be updated to support it just as any other GPU system can.

ETH devs do not support ASICs, they are just calling Bitmains bluff.

IMO, bitmain wants a fork to happen, because it wouldn't affect the E3 and they know a second fork would not be acceptable to the community. so they want to fool the devs to forking, so they can develop a TRUE ASIC for the fork.

chess, not checkers

I constrained my rigs to ONLY mine CryptonightV7 on NH, there is no coin switching happening on my systems.

again, i have my reasons for my decisions. you don't have to like them, but it's my path. I support ETH, and doing this gets me MORE ETH, simple as that.

And I have a right to an opinion, which I simply stated. It was not a personal attack on you, I just stated that you use Nicehash and I don't like them because the cause huge problems for other miners. But its your choice and your hardware, so after all you have to decide how to mine not me :) And as you said you only mine monero, so thats ok.

I am just saying.

If E3 is GPU based system, it will not be so cheap. The RX 470 cost more than $300 each, 6 will cost more than $1800.

theres literally no proof any ETH ASIC even exists.

dont think too hard.

i said it's GPU based. not that they are using off the shelf GPUs from other manufacturers. they are likely using custom boards that they build themselves that more or less act similar to a GPU and has the same capabilities for mining. think closer to something like the mining cards available.

Bitmain has billions of dollars, factory manufacture connections, and the cheapest labor and electric costs in the world. it's totally reasonable to think they can buy/manufacture parts cheaply enough to sell this for $800, which may even be close to cost for them, since they bumped the price to 1800 to make more profit.  

Bitmain is not going to put consumer grade GPUs in a box and sell that as E3?
As pointed out by other even if it's GPU based design, it should be using a custom PCB and manufactured much cheaper.  Not to mention even RX470/RX570 was $179 or $189 MSRP before mining boomed.  In fact there were 4gb cards available easily for $200 odd even on Black Friday.

I think I have read somewhere that bitmain found a way to use cheaper RAMs in parallel so that it could be on par with the GDDR5 rams used by GPUs. If they somehow manage to do that then its possible that they could make a miner that is cheaper than buying multiple GPUs.

i'm very interested for these to get in the hands of people so we can get a teardown and see what they're made of.

yeah. there was really no literal proof of xmr asic as well before. guess what? now its literally real.

you think e3 is the real one? no, they are mining the real one. are you guys not wodering eth diff is still not droping hence the eth price?

and lots of noobs amd miners mining at nh, surely, their rigs are pointing at cn7 now. but hey, eth diff is still not improving.

and i dont get your logic using nicehash to get eth. still you have the hassle trading. why not xmr > eth directly? because i agree with the other guy, nh is a cancer to mining community. typical coin dumpers.

Ignore the trolls, let them live on in a fantasy world where they think everything is fair and just.

the E3 is a real product. doesn't mean its a real ASIC  ;). Yes they may have something like the "F3" (though that particular vid is probably fake), but i dont think the devs should fork "just because" on that hunch if it causes other problems with their future plans.

NH to ETH because:
NH -> coinbase : free
Coinbase -> GDAX(BTC) : free
BTC -> ETH : free (limit sell)
GDAX(ETH) -> Coinbase : free
thats why.

You need to invest with your mind and not your emotions.  POS actually discourages centralization.  Also I am curious how you convert your altcoins to fiat considering almost everything with a fiat trading pair is mined with an ASIC.

LOL. I'm weak. you're the largest troll on this forum.  :D

Don't nail me please, but here a bit different view about asics.

I do not own neither purchased any of the cryptonite asics, just trying to see a bit bigger picture than asic is bad, gpu is good.


First of all, let bitmain aside for a moment as a lot of other asic producers are comming up, only to mention some: Baikal, Halong, Innosilicon, Pinidea and some others.

Second, for a given coin or algo asics are perfect in the meaning that they support that given algo/coin/network literally forever. I mean you can not switch with a S9 SHA256
Asic mashine just to Groestl because Groestlcoin is more profitable this week, just as an example.

I'am pretty sure many coins and projects forget exactly of that little nice feature an asic provides. And i would not wonder if a given coin that hardforks away from an Asic Algo
a sudden is left without hashpower at all for its network. Pretty sure we will see such scenarios soon.

The nature of GPU mining, nothing bad with it, is that they are just flexible and can swith within seconds to whatever algo they desire. Lets say tomorrow comes out a new algo,
with a new coin that gives double the profit of monero, eth or whatever you want and what you mind? I bet 90% are switching immediatly to gain maximum profit out of their
Rigs, not? I'am not a dev, but i could imagine that a dev that hardforked the coin for its miner community won't feel good if in such scenario he is finally left neither with gpu
hashs nor with asics.....

Here comes just in my mind, isn't it very centralized if a single dev anyway, without the community or referendum, chooses to switch or do whatever? Just as a side note.

What about possible 51% attacks? The lower the hasrate the higher the chance of a 51% attack. The more asics on an algo (decentralized!), the less chance of a 51% hashattack.

What about energy efficiency? An asic is by his whole design just more energy efficient as a gpu, cpu or whatever at this stage, fact.

Finally, i'am pretty sure there is a reason that major coins will not hardfork away from asic for exactly some of the reason described. Each hardfork is a risk for a coin, a bad fork
can as much as destroy everything built up so far. Each fork has for sure some new security risks and i bet every good developer or project knows that, at least these that got somewhere
allready and have to loose a lot. A fork is not that easy as it may sound, its just that, risky.

This said, i agree that asic should not belong to a single company or farm, no doubt here. In the name of decentralication i bet its even the intention why all asic producers even sell
their mashines as they must be well aware that keeping ALL of them would immediatly raise red flags on everybody that is for a decentralized crypto world.

I think an asic miner guy is just doing the same job as a gpu miner guy, just different approaches on different coins and algos, even it gets mixed by now a bit.

I just think throwing all hate to asics itself is not right, nor fair, nor good, neither for the crypto community, nor for anybody.

Please no offendings, no need for it just for a bit different view of things.

This world has 7 to 8 billion people.

About 1 billion could gpu mine

killing off  a billion possible customers is moron stupid.

all asics = death to coins for the common man.


some asic and some gpu coins works.

read  my signature thread.

roads = asics
car, trucks, taxis ,buses = gpus

what good are lots of roads  with no cars trucks taxis buses.

answer =   the roads are worthless

Pretty idiotic wall of text with no substance.

1. Let bitmain aside? All the other companies you mentioned are nothing compared to bitmain's scale. Don't you know that? Learn to research little kid.
2. A coin doesn't need to support 1 algo forever. Is that a rule you came up with in your mind? Look at monero and cryptonight, cryptonight V7, cryptonight-heavy etc
3. You are completely missing the point of 51% attack. Bitmain is the one who might attack coins with 51% because they have too many ASICs.

Didn't even bother to read further because your arguments are stupid.

Just to let you know, this guy here from page 6 was the first to get it right!
The hash after the fork was 160Mh/s and day after went to 250Mh/s and now is 400Mh/s with several new users(min 100Mh/s) from ETH network.

This user deserve some MERIT.
I cant provide! Please...do the right thing!

welp. looks like the good profits from XMR are over. ETH is now more profitable again since the diff has more than doubled after the initial drop off point.

was only good for about a day lol. back to ETH.

profits look even to me, xmr uses like half the power
of ethhash though so its more profit for me in the long run so ill stay on xmr
plus fork the eth devs for faltering on thier asic resistance promise

XMR uses ~70% of the power of ETH on my systems. diff is way up and monero's price has dipped. you have to check the real current diff, not the 24hr diff that whattomine uses, plug in the current diff and its a different story

ETH: 450MH @ 1975W; Rev. $14.57, Cost $6.09, Profit $8.48
vs
XMR: 9750H/s @1390W; Rev. $11.73, Cost $4.29, Profit $7.44

ETH wins again.

Great test!

I have far better power use numbers that what you have im close to 60 percent less power
all my cards are modded and undervolted though.

i have 8300 mhs of eth or 230,000 mhs of xmr v7

according to nanopool my xmr hash pays out $270 a day or so

using etherscan calulator which is pretty much on point for me
$240 for the 8100 mhs of eth .

also my xmr miners are no fee so i have that stupid claymore downtime mining
which tends to steal around 2% of my hash.

just my results, yours may differ

How much watts per card? total watts of the system and divided by number of cards.

for example, a system with 5 gpus will use 520 watts total xmr, eth 675. So when you say 60%, my 520 watts is for you 380 watts?

Hm, diffiulty rose 100 MH in a day. So that is 100.000 KH. That mean more then 100.000 RX 580 cards. Man that is a lot of power moving to Monero.

Maybe somebody found a loophole and shit happened, lets see how difficulty will go from here. xmr is mainly for vega.

average is around 60-85 watts per card calculated by my pdu so 560 watts for my 8 gpu rigs
compared to 110-130 Watts on eth

I find i can run 2-3 more rigs per 30 amp 240v panel vs eth so I think the power usage is alot better than 70%

Shitkal & Shitmain had enough time & all needed information to make Asics for V7, because monero devs are lazy retarded fucktards who thinks with some minor changes they can keep off asics.

Shitkal & Shitmain now just turning on their Asics again, next week difficulty will be back to 1GHS++

In my case, tests I conducted for the whole system, measured at the wall with smartplug, 683 watts eth 152mhs, 520 watts xmr 4350hs, system with 5 gpus, my calculation is 25% power saving, aside from the gpus, i think the system use a total of 100watts just to turn it on, also i believe xmr can be a lot more underclocked if the memory is elpida.

Yeah sure, thats why Baikal is selling 1 Asic and give 4 extra. So you get 5 Asics for one price.

what are your core and memory settings ?

I max core at 1100 and mem around 1925 wih 900mv on the memory as well.  I heavily undervolt all my rx 480 , 470 and 5x cards  683 watts for 152 mhs is kinda high for non dual mining thats close to 140 watts per card

100 watts mining monero per card is really high.

On one pdu that was maxed at 31 amps 240 mining eth , i got down to 22 amps 240v for all six rigs on that rack

thats 30% less power usage across the board. 

I just hope monero stays even or close to eth in proftiablity , saving so much power and so much less heat right now.

All we need is for etn to fork and spread more of the hash

ofc they sell now their useless hardware... & with their v7 asics they will fuckup difficulty again behind closed doors , round about 1 month before next anti asic fork you will be able to order them

as it is (the last few days)  , it seems that asics are out of the game.
The metric should be the unknown pool hashpower which just dissapeared.  And this was some 80% of the network. Speechless.

In case of solo mining farms with GPU mining monero out of the known pools, using their own pool, I see no explanation why this hashrates have not been transfered to the new algo at the same way. I mean, if someone has a farm of GPU's mining monero in his own pool , then I would expect that after updating the miner software to continue mine in a same manner, using it's own pool again.
But the fact that unknown pool has just vanished leads to think that it was just asics (and bots?) controlling 80% of the coin. just wow

All the new added hashpower is possibly migrated gpu's from other coins to monero. Things will clear out in the next few days so to find out more.

I would start to worry when I see again the unknown pool hashrate increasing again.
It would be also interesting to make an exercise to check the  percentage of the unknown pool factor in other coins. This will show the real status of the industry.

I am swapping my "big boy" CPUs and AMD GPUs over to Monero as of now... huge profit boost.

You already missed the profit boost.

LOL seriously. ETH is back to being more profitable. Monero was good yesterday, but that was short lived.

If you have Vegas, then XMR is probably still best.

After kick the ASIC out, at least the profit per AMD GPU increase as ETH.

I think the hast rate will stable to a level let the profit per AMD GPU keep th same as ETH, even a bit higher.
(Because there are some Ethash ASIC.)

You see that is the thing, core and memory for the rx 480 / 580, all 760mv - 800mv. I can't go lower than this, is the maximum to underclock and yet only 25% power saving.

https://www.difficultychart.com/monero

still going up. ETH>XMR for profit now.

vega users or cpu users, cpu users have no choice, so they hog on xmr.

Its amazing how little people understand the mining game.

Comparing daily profits between ETH and XMR is 100% meaningless unless you are converting your mining rewards on the fly.

If you are converting your mining profits on the fly you are an idiot. You dont make your money at the time you mine the coin, you make it when you sell it after the price has gone up.

It sounds like most of you should sell off your rigs before you cost yourselves any more profit.

Yes that is about right but is not what some wanted to point out, the rewards on monero was high x given exchange rate of other coins x usd/btc, now not so much if a given gpu is used, for example cpu users who have no choice will always accept a low profit given the same can be used to pay the electricity used. In the end only vega users or cpu users will end up mining monero.

CPU users sure. But the power/hash ratio still favors GPUs. Almost not worth it to crunch on a CPU. If they’re quite expensive.

$1000+ for an efficient CPU that can crunch like a GPU
Or cheaper old gen Server chips that use like 130W to crunch like half a GPU

But to be honest I’m out of the loop for CPU crunchers. Are there any affordable and efficient CPUs to crunch XMR? I have some E5 v2 Xeons I could throw at it but they use a bit of power

People there do use anything they can get hands on...
Your performance will depends of the cache size. /2 and you have the threads number...

Did the AMD folks leave already (or the stampede just stopped)?
https://www.difficultychart.com/monero
Difficulty below 61G now (might just be a correction to the new balance level).

No: still not interesting. I have also 4x Xeon E5 v2 8/16 cores and it's barely profitable.

Interesting chart: what I find fascinating it that after the fork it went down 80% but it only took 2 days for difficult to rise back to almost 50% of previous level. If this is not another type of ASIC then this means that a massive amount of hashing power has left other coins.

diff needs to drop below ~50G, or price rise above ~$185 before its more profitable than ETH on AMD (non-vega) cards

it was all the AMD guys coming back to XMR from ETH to mine during the low diff phase.

plus people gradually coming back that forgot to update their miners at the fork. 

doubt theres an asic running so soon yet

Still seems pretty competitive -- very much so on my CPUs (I've got more power in CPUs than AMD GPUs).

Gonna give it a shot for a bit... I noticed today the diff has actually decreased so maybe the initial flood of AMD GPUs has run it's course for the time being.

The decrease of the hash rate is due to the difficulty calculation window. It always oscilates.

Other cryptonight (lite / V7 / Heavy) tokens can be much more profitable than ETH depending when you sell / exchange the tokens. As I am writing right now, turtlecoin is 50% more profitable than ETH (5,6$/day with 2500H/s).

TRTL global hashrate is quite small and it can fluctuate quite a bit. So probably your real life daily earnings will be much less that 5.6$. But it could make sense in the longer run.

I didn't post my prediction in time but would have probably guessed a drop around 20-30%.
It seems the network hash rate right now is about 472.71 MH/sec. So, that's almost a 50% decrease in hash rate!

I assume by now everyone with a GPU mining rig has updated to a v7 monero miner and only the ASICs were excluded from the network hash rate.

That would mean there were either:

• 2,148 Bitmain Antminer X3 (220 kh/s) units online
• 23,635 Baikal Giant N (20 kh/s) units online

or a mix of the two (and maybe others developed in secret)

That's plain stupid... I pity the dumb fools that preordered these ASICs and they can use them as door stoppers from now on.

It's indeed a bet, that can be quite profitable but much less stable than ETH mining.

Last time I checked Tutrle had 0 buyers, so good luck selling it. Always check markets and daily volume before mining a small coin.

yeah the asics on monero were even more than we imagined fuck bitmain main thats
just desrepectful to flood the hashrate so fast and hard smh

Bitmain could have done a 51% attack with their asics, by the way your calculations are wrong, before when asics were in play, no gpus were mining monero because profitability was very very low, only botnets and cpus were mining monero because that is the only thing they had/have to mine, so those users had no choice. GPU's moved to monero after profitability increased. So the correct calculations might have been around 90% were asics and 10% botnets and cpu users.

Hundreds of thousands if not millions of botnets and several millions of CPU miners. That's were most of the hasrate was IMO.

botnets are cpu users, even if there were millions of them, few hundreds bitmain asics cover that. I still think 10% is still a lot.

Guys is XMR still profitable to mine? Is it on Cryptonight v7 algorithm?

Em, you can check yourself from thousand calculators out there. Lazy are we? But to support you, yes its still profitable. Or lets say its profitable again.
And yes its on Cryptonight v7.

Well, most of the calculators are giving unreal expectations, that's why I asked you guys, so that I would get something out of experience as a result :) Not lazy at all mate :) Just I do not trust those calcs.

I use this one for XMR and ETH

It has a live update of diff and block size every 60 sec.

http://www.mycryptobuddy.com

just add 5% as a pool fee to get more realistic estimate

Depends. Some are quite accurate. One is posted just above me. But anyway if you wan't to be 100% sure just mine it for a day and see how much you get :)
Btw you just asked if its profitable and not how much you get per 1KH for instance. Yes its profitable :)

XMR is on Cryptonight v7 algorithm

Profitability depends on when and for how much you sell XMR. For example, at this moment it is profitable, but I'm a small player and it will took me several weeks to mine enough just to move XMR from mining pool to some exchange. Who knows what will be the price than. Current profitability is important only if you can mine a lot of coins in one or two days.

What is XMO price prediction? Why is it mooning?