Will Electroneum also change their Algo? Seems like theres 6 coins that are currently more profitable to mine based on https://minecryptonight.net/ I have 2 purcahsed I can USD wire for tmmrw for but am hella nervous lol Listen to me right now.. You're about to throw away a huge sum of money to feed Chinese scammers. DO NOT BUY THESE!!!!No coin besides Monero could absorb the power of these ASICs. They're as good as dead if they don't switch. They just need Monero to do it first since most devs are too dumb. You've been warned. |
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A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.
I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI. I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know  It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork. But i've read some people argue that there are simple workarounds that can be made to overcome whatever the monero team does? It seems the argument was that cryptonight, by nature, is no longer ASIC-proof now that they've found a way to do it. Those people are 100% wrong. You can't reprogram an ASIC. If an ASIC is built to answer 2+2=4, it is unable to answer 2+3=5. Nothing is ASIC proof, only ASIC resistant. And Monero is resisting in a big way by changing the algorithm and making these ASICs completely worthless/useless. |
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They're going to be bloody expensive paperweights real fast.
I doubt even the FIRST adopters will manage to make back half their price.
Seems like Bitmain didn't think THIS move through at all.
Bitmain and baikal knows exactly what they're doing. They got the rug pulled out from under them with the algo change, making their ASICs worthless. All they can do besides recycling them for precious metals is dump them on unsuspecting, uninformed miners. This is 100% a malicious move on both their parts. If the algo switch hadn't been announced, these would still be humming away in their farms making them huge profits. It's sad that they'll get away with selling some of these to people with more money than brains. hold onto your 1080ti's they are 11gb maybe that would be good for next algo. if the next algo allows for only 10gb of ram the 1080ti's could go to the moon. Don't think they'll change memory requirements, that's not needed to thwart these ASICs. Just a simple change in the maths is all that's needed to ruin these. Monero dev is all about decentralization, don't think they'd limit who can participate in the network to only a few 10GB+ cards. (1080Tis, Titans, and Vega Frontier Editions) |
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By reading all of the posts I got to conclusion that there is no one here that thinks this is a good investment. Only if that is the case and no one except few people buy them this could be profitable. Because I dont know how many they plan to produce, and to sell.. Does anyone know?
It doesn't matter how many they sell. They've been produced already for many months, mining away in their farms. They haven't been in production for a long time now, and never will be again. There is no scenario where either of these pay for themselves, much less make profit. These machines will have nothing to mine in 2 weeks once Monero changes algorithms making these obsolete. |
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They're going to be bloody expensive paperweights real fast.
I doubt even the FIRST adopters will manage to make back half their price.
Seems like Bitmain didn't think THIS move through at all.
Bitmain and baikal knows exactly what they're doing. They got the rug pulled out from under them with the algo change, making their ASICs worthless. All they can do besides recycling them for precious metals is dump them on unsuspecting, uninformed miners. This is 100% a malicious move on both their parts. If the algo switch hadn't been announced, these would still be humming away in their farms making them huge profits. It's sad that they'll get away with selling some of these to people with more money than brains. |
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And just like that, Baikal Giant N is obsolete now.
They have a MOQ of 6, so...
6 x $3600 each = $21,600 total
6 x 20kH/s each = 120kH/s total
Ships in 7 days.
Now Antminer X3, 200kH/s for $12,000. Shipping 15-31 May.
That's a little over $10,000 difference and half of the hash rate.
Now if you think the Baikal Giant N will make $10,000+ between now and 15-31 May, then I guess Baikal Giant N will make sense, but sense that's just a unicorn dream. There will be absolutely no reason anymore to buy the Baikal Giant N.
Their greed shot themselves in the foot with their overpricing and MOQ.
So who ever did buy the Giant N, ouch...
You guys all realize they are selling this crap because they know Monero along with other CryptoNight coins are forking against ASICs soon right? These idiots have most likely been mining with them for months prior to releasing them "to the public". There's a reason the net hash of ETN went up from like 50Mh/s to 400Mh/s+ and Monero from 290Mh/s to 1.1Gh/s in a matter of 2 months (and no, RX vegas didn't cause this). The devs knew this was an obnoxious net hash increase and began talks about ASICs. These ASIC idiots know the miners will be obselete once forked and are trying to squeeze a bit more money out of oblivious idiots willing to pay for them. It all seems oddly coincidental all these "CryptoNight ASICs" are being released out of the blue as the CryptoNight POW algorithm is about to change doesn't it ahaha  This. 100% correct. Dead on arrival paper weights. You'd have to be retarded to buy one of these ASICs. |
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Bitmain Recent Hit list
=====================
RIP.... x11
RIP.... SIA
[Pending] RIP.... CryptoNight
They are like the Mafia. LOL. I think they want to release miners to stomp their competitors and let the world be known that they are the ONLY crypto manufacturing company and do not mess with them.
More like RIP Cryptonight ASICs. They're completely useless come the end of March thanks to the algo change. |
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everybody who buys this is just financing their next batch for cryptonight v7
if monero doesnt change algo every month cryptonight is dead for gpu mining
Yeah I wonder how quickly the GPU mining software developers will be able to update their miners to support revised algos. It could become a cluster fuck and really hurt the community because you'll have people trying to mine everywhere with GPU's that are running old versions of the mining software which is one of the reasons why I suspect someone will fork XMR if they revise the algo with their own core fork. Wouldn't surprise me to see bitmain pull another bcash. "Monero Cash.." LOL. It'll be futile, though.
Yup, this wouldn't surprise me either. Claymore has already indicated that he's working on updating his miner for V7. If miners can't be arsed to keep up with updated mining software, fuck 'em. |
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everybody who buys this is just financing their next batch for cryptonight v7
if monero doesnt change algo every month cryptonight is dead for gpu mining
It takes A LOT longer to design and tape out new chips. Changing algos every 6 months as planned is more than enough to kill cryptonight ASICs. |
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Bitmain like Baikal were mining with X3 monero to death, and now that Cryptonight coins are forking (switching algo) they are getting rid of the useless equipment.
I strongly suspect this was going on as well for Baikal. In the case of Bitmain, I suspect their hand was forced because Baikal beat them to the punch and Monero announced they would hard fork. Bitmain appears to be still in development of their asic, hence the "conservative" hashrate estimates on the production miner but they needed to get this out for pre-order to try and capitalize before the upcoming Cryptonight forks. People that don't know any better will still buy and some people with tons of money, will buy anyways in hopes that the gamble pays off. I wouldn't be surprised if Bitmain or someone stands up their own pool and forks XMR so these asics will still work after the core XMR chain forks to a revised algo It's not still in development. It's more bullshit and lies from shitmain. They're masters of deception. They've been mining with these for a long time. They just want people to think they haven't been. Wouldn't surprise me to see bitmain pull another bcash. "Monero Cash.." LOL. It'll be futile, though. |
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A total waste of money. It's way more risky than gambling. Monero is gonna fork. You will spend 12k to have a not so nice looking stop for your door.
I somewhat agree. The risks on this ASIC are far too much. With that price tag, its almost as if they don't want you to reach ROI. I feel like bitmain has gotten overly confident with selling ASICS, probably because there are some people that will still buy those ASICs.. For what reason i do not know It's not a question of risks... You'd have to be completely retarded to buy a CN ASIC as they're being transformed into paperweights by the upcoming monero algo fork. |
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Wtf were they thinking?
Don't they know Monero community hates ASICs? By making an ASIC for those who hate ASICs.. What do they expect in return? Monero will do a PoW change hopefully.
Bitcoin community was too slow to understand what a fucking poison Bitmain/ASICs were but Monero community exactly knows what they are.
Not hopefully, the algo change is scheduled in 2 weeks. Thus why they're dumping these worthless pieces of scrap on miners. |
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GPU mining just got harder...
========
Dear subscriber,
We are proud and happy to announce that we are launching the all-new Antminer X3, a new Antminer model for mining cryptocurrencies based on the hashing algorithm CryptoNight.
The Antminer X3 delivers a minmum hashrate of 220KH/s while consuming 550W of total power.
To prevent hoarding by certain users or resellers and to ensure that more individual miners in different time zones around the world are able to order this new ASIC miner, we have made some changes:
There is a limit of one miner per user for all orders in the current (two) batches.
We will release both these batches with an equal stock thrice today: at 3PM, 6pm and 9PM (15 March, GMT+8).
Click below to learn the price or to order after the scheduled time of launch:
Regards,
The Bitmain team
=========
Doesn't matter in the slightest. The cryptonight coins worth mining are switching algos, these things are paperweights like baikals miners. Why do you think bitmain and baikal are dumping these on the masses as soon as monero dev announced algo change? 2. There are financial risks associated with mining cryptocurrencies. These risks can be related to changes in exchange rate of the cryptocurrency or to changes in the algorithm that is used to mine the cryptocurrency. Please deliberate well before making a purchase because we will not accept any requests for refund for orders of this batch. |
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Guess you haven't been paying attention... There will be nothing to mine with these CN ASICs. Monero is switch algo, along with other CN coins. They'll be completely useless. |
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v11.5:
- added "-oldkernels" option (AMD GPUs only), you can try "-oldkernels 1" to use old-style GPU kernels from v10, they can be more stable for hard OC and custom BIOSes.
- a bit reduced stale shares for Nvidia GPUs.
I've tested the old kernel on my Hawaii rigs for the last 16 hours or so, and it solves the issue introduced by 11.x with Hawaii GPUs.  |
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@Claymore
Since upgrading from 10.6 to 11.3 (and now 11.4) my hawaii rigs are having hash rate drops every so often. About 5-7% drop lasting for around 2 minutes before going back to normal for about 10-15 minutes before it happens again. Any idea what might be going on?
I don't see this issue on my test 390X card. You can try to change -dcri to see if it helps. Also you can PM me the log file, I will check it. Log sent. I've too, hopely we can sort this out. Here's hoping!  |
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@Claymore
Since upgrading from 10.6 to 11.3 (and now 11.4) my hawaii rigs are having hash rate drops every so often. About 5-7% drop lasting for around 2 minutes before going back to normal for about 10-15 minutes before it happens again. Any idea what might be going on?
I don't see this issue on my test 390X card. You can try to change -dcri to see if it helps. Also you can PM me the log file, I will check it. Log sent. |
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@Claymore
Since upgrading from 10.6 to 11.3 (and now 11.4) my hawaii rigs are having hash rate drops every so often. About 5-7% drop lasting for around 2 minutes before going back to normal for about 10-15 minutes before it happens again. Any idea what might be going on?
Confirmed same issue with an rx390 (Hawaii) Maybe this: This sounds like a temperature issue. Your GPU reaches a certain temp. Miner reduces intensity so the temp can come down. Once temp lowers GPU intensity goes up again. Over and over. These are settings in the config file. Or. It's something else. Unrelated to temperature, it's definitely something to do with 11.x versions. |
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