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Fork from within side? Obviously he used a translator he cant be bothered to even use proper english on his rant
smh, shows the utter disdain bitmain has for us lol.
I suppose you are right @voskcoin bitmain is bothered by this probably due to the precedent this retro style fork sets, i.e brick asics by brand not asics in general.
Good for siacoin , hopefully the eth devs follow
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They must need optimized miners or something, this seems leven worse than the 2080ti price per watt.
a 1080ti does 28 mhs at say 280 watts, does not crack 30 tho so 18 to 28 at powerlimit 80 on raven
if a 2080ti is 35 to 45 at 260 watts at 80 percent thsts bad considering the card costs near double
I would choose from the following modes for ravencoin: Power Limit at 70 Range from 25MH / s -42MH / s Average 35MH / s @ 235W (whole system) -1MH / s 172W GPU only -26W 0.2035 MHs / W +0.0217 And if we compare the last mode with the PL60 for raven, then we get twice less consumption compared to what you wrote. Not such a bad result. id still go with a 1080ti at 80 powlim at half the price |
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How is it a nice thing. They simply said everybody to f*** off so their ASICs can work at all. Just a money move nothing else. They centralize the network under their control. I don't get it how this is a good think. They are hypocrits, the biggest possible.
But who cares about Siacoin anyway. Its a shitcoin.
It is very nice thing if You hodl. Just like summer 2017 BTC/BCH reward for BTC hodlers. Your message makes absolutely no sense to this topic. No idea why you are talking about hodling or the BCH fork. Either way like I commented on my other post. The people that are screwed the most with this are the retail owners of these ASICs which haven't reached ROI yet. Bitmain doesn't really care since they got plenty of other algos to mine anyways. yup , shitmain could give a flying f*** about sia lol, they made millions off it already on shovels and early mining |
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Its barely a blow to bitmain, the monero fork was a way bigger blow , bitmain already killed the sia network and farmed the hell out of sia at lower diffs.
Misslrading topic imo , it affects inno way more than bitmain since thier sia hash is far larger.
you should rename it to biggest blow dealt to innosilcon lol.
Bitmains blow is comming soon with progpow on eth
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They must need optimized miners or something, this seems leven worse than the 2080ti price per watt.
a 1080ti does 28 mhs at say 280 watts, does not crack 30 tho so 18 to 28 at powerlimit 80 on raven
if a 2080ti is 35 to 45 at 260 watts at 80 percent thsts bad considering the card costs near double
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so by January 1st. all pc parts -minus laptops and certain accessories- will go up in price in the usa. by25%
im saying this will set off a ripple effect as people buy less, and profits to be made, prices will go up. i am also betting that the 25% hit will increase many electronics and parts upwards of 40% post before we start seeing a rebound and possibly more. this however will be short term as people are gonna buyout supplies inlue of the tarrif as we see with intel shorts.
the dubious nvidia and there horrific price scaling only keeps our 10series stronger in price longer for the uninformed.
i'm seeing that once january hits and all our video cards are 25% or more. all thes jokers selling shit on ebay for stupid cheap are gonna be in for an awakening . that is of coarse that nvidia doesn' trick a zillion gpus out there ass. these new turing ones take time it seems and thats good to short shit but who knows.
as 10 series gets a phase and demand gets low. not sure where im going but i got a feeling we will see a skyrocket of prices to happen in gpus again and it may just be better riding it out vs panic selling them. this is of coarse your heart is in the market going vert. if it doesn't, then sell faster then ever. but as it seems. if we get a bull. Holiday is approaching.we may see a value of our gpus go back up.
opinions?
i mean them 4800/7900 series amds from wtf way back when gains value due to the market soar. i got a feeling if that happens again 10 series the same.
10 series is good now but vega 20 comes out next year , or late december, the stats of vega 20 is crazy at 7nm I think it will be the go to card for mining and devalue the 10 series alot |
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I winder if this wil bring back sia dual mining with claymore
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So, okey. Lets ETH would begun the true profitable coin with this new algo. What we`ll see 1-2 weeks later? All the miners that now are mining another coins would go to mine ETH. So, difficulty grows tothemoon, profit becomes as usial, miners coming back to their coins.
There are really huge amount of cards now. And miners becomes clever and clever. They mine profitable coins and swap coins then its necessary.
New algo cant change anything.
You make no sense , if eth beomes profitable again due to half the hash removed as asics are kicked that affects and increses the profitablity of ALL coins. hash that comes back to ether is removed from other algos and coins which drops the hashrate there and with constant price more profit. now if you had said all gpus will flee other algos due to the fpga and asic sccorge I would have given more credibity. I can tell you this when eth forks other algos will fork too to stronger anti asic anti fpga algos so its a positive trend in either case Wait a bit. This algo will be applied to ETH or for all coins? Ok, some hash will move from other coins to ETH and profit will grow for all coins. Then the miners will power on their rigs if profit will become nice again. I dont believe in big profit for a year at least. It`s time to move out all the shit that came in crypto last year. 3 million gpus worth of hash removed from the ethereum network(conservatively) would not be replaced for at least two or three years at current profit levels, profits would at least tripple for existing miners especially if etc, metaverse and a host of other coins fork along with ethereum. we all know they are followers not leaders, etc especially basically duplicates every change ethereum makes or at least follows a similar update pattern. Thats what I am saying, it would be naive to think if ethereum successful forks to progpow and the hash rate goes from 270gha to say 150ghs, other coins wont fo the same. the precedent is there, after xmr forked to cn7 we saw a host of cn coins , pretty much all the profitable ones fork to different variations of cn. Even etn forked but had to fork back due to thier low hashrate being susceptible to 51% attacks becuse they never got thier targeting adjustments in |
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Are we finally seeing some interest towards ProgPow? One of the main developers of ProgPow has been invited to the Ethereum Core Devs meeting 47 (Friday 28 Sept 2018). Lets all fight for the best outcome! Facts: - Ethereum mining profitability has never been as low as it is now 0.015/0.018 usd/day per 1 mhash. (https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#log)
- Ethereum difficulty has risen this year to extreme highs (as seen with ASICS on networks such as xmr/dash/zcash)
- POS implementation will take at least one more year. Securing the network right now with POS is just not safe. POW is the better option for the foreseen future. So don't use this as an argument against making the network ASIC resistant.
- Most of the loyal Ethereum miners are being hit the hardest. Turning their rigs to XMR or even off.
- ASICS are not better for securing a network compared to GPU. People think an argument against GPU's is that they use more power and ASICS are more efficient. But this argument is invalid. Miners will continue to expand untill they are at their peak power. Whatever the machine. Total Ethereum network power stays the same.
- A huge part of the Ethereum (mining) community is asking for this hardfork. Only the initial investors (mostly not miners) are being able to vote on this issue? Yes you invested initially in Ethereum, congrats, we are here now supporting the network 24/7. Please, Listen to us.
Your "facts" are completely full of contradictions. You say that difficulty has risen to extreme highs yet then say loyal Ethereum miners are being hit the hardest and leaving. How can hashrate be shooting up yet everyone is leaving? You also gloss over the drop in profitability. The loss of profitability isn't because of the algo; Its not hard to see that hashrate has doubled since this time last year, and the value has been cut in half. Not to mention block rewards decreasing. I have yet to see any proof of these ASICs. There is the Bitmain E3 that is slightly cheaper than 3 1080tis and has slightly better power consumption, hardly a game changer. People who think changing the algo on Ethereum will be a silver bullet are sadly mistaken. It won't make the hashrate drop and it won't increase the price. The difficulty has risen to extremes, the network was doubled in just 2 months (see: december-february https://etherscan.io/chart/difficulty) Loyal (small) ethereum miners are being hit the hardest, and leaving. You only can't see that directly because you dont know what machines are comming online at the same time. The loss also ofcourse has to do with the pricing! Pleas remember this. Back when the (XMR) Monero developers forked their coin for comming asics, they hashrate dropped by 60% and stayed there. ( https://bitinfocharts.com/comparison/monero-difficulty.html) The fact is, you don't exactly know how many ASICs are mining on Ethereum now. But that is another discussion. Fix it before it is too late. But we agree on the price. ProgPow wouldn't affect the price of Ethereum. Average difficulty for October 13, 2017: 31031.012 Average difficulty for February 28, 2018: 3052.568 Am I missing something here? Doubled in 2 months? Think about it next time you cherry pick your stats. To be quite frank, I don't care how many alleged asics there are mining ETH. I'm sure it pales in comparison to the 1000 GPU farms out there mining it. Yes you are missing something, although the sales of GPUs plummeted in 2018, the ethereum network hashrate increased astronomically from 110k-120k in Oct 2017 to 250k - 300k in march to september 2018. Many people noticed the large increase in the ethereum network hashrate and had speculated that there are ethereum ASIC miners. This was confirmed when Bitmain announced in April 2018 that they will be releasing ethereum ASIC miners. Bitmain had been "testing" (secretly mining) them for around 5 months before the announcement. I mean anyone who can read the difficulty charts in a time of gpu scarcity a near 100Th increase is more gpus than nivida sells in a year lol. So many ostriches on this forum they must work for bitmain no one is legitimately this dense The main reason why your ideas are erroneous is you are equating ethereum difficulty to ethereum network hashrate. An increase in ethereum difficulty doesn't always mean that there is an increase in ethereum network hashrate, other factors can also lead to an increase in ethereum difficulty eg. the difficulty bomb. the bomb was delayed wtf are you talking abou https://etherscan.io/chart/hashratethe hash rate is at 260k ghs righ now, it trippled from 90ghs or when the first difficulty bomb was delayed asics hit the network that sept oct and quickly ran the network to 150 ghs , them a seccond wave took the network to 230k ghs ghs from dec to march , which coincidentally was during an intense gpu shortage. for refrence 150k ghs is the equicalent of 6million gpus , thats the hashrate rise the last 7 to 10 months remeber profits have been down all 2018 since we are in a bear market unlike n 2017 a year of record gpu profits miners bought 3million Gpus total in 2017. so where did this magical 6 million gpus come from this year? https://www.google.com/amp/s/amp.hothardware.com/news/gpu-market-q4-crypto-miners-3-million-amd-nvidiaIts simple logic buddy , its not rocket sience just follow the numbers |
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Are we finally seeing some interest towards ProgPow? One of the main developers of ProgPow has been invited to the Ethereum Core Devs meeting 47 (Friday 28 Sept 2018). Lets all fight for the best outcome! Facts: - Ethereum mining profitability has never been as low as it is now 0.015/0.018 usd/day per 1 mhash. (https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#log)
- Ethereum difficulty has risen this year to extreme highs (as seen with ASICS on networks such as xmr/dash/zcash)
- POS implementation will take at least one more year. Securing the network right now with POS is just not safe. POW is the better option for the foreseen future. So don't use this as an argument against making the network ASIC resistant.
- Most of the loyal Ethereum miners are being hit the hardest. Turning their rigs to XMR or even off.
- ASICS are not better for securing a network compared to GPU. People think an argument against GPU's is that they use more power and ASICS are more efficient. But this argument is invalid. Miners will continue to expand untill they are at their peak power. Whatever the machine. Total Ethereum network power stays the same.
- A huge part of the Ethereum (mining) community is asking for this hardfork. Only the initial investors (mostly not miners) are being able to vote on this issue? Yes you invested initially in Ethereum, congrats, we are here now supporting the network 24/7. Please, Listen to us.
Your "facts" are completely full of contradictions. You say that difficulty has risen to extreme highs yet then say loyal Ethereum miners are being hit the hardest and leaving. How can hashrate be shooting up yet everyone is leaving? You also gloss over the drop in profitability. The loss of profitability isn't because of the algo; Its not hard to see that hashrate has doubled since this time last year, and the value has been cut in half. Not to mention block rewards decreasing. I have yet to see any proof of these ASICs. There is the Bitmain E3 that is slightly cheaper than 3 1080tis and has slightly better power consumption, hardly a game changer. People who think changing the algo on Ethereum will be a silver bullet are sadly mistaken. It won't make the hashrate drop and it won't increase the price. The difficulty has risen to extremes, the network was doubled in just 2 months (see: december-february https://etherscan.io/chart/difficulty) Loyal (small) ethereum miners are being hit the hardest, and leaving. You only can't see that directly because you dont know what machines are comming online at the same time. The loss also ofcourse has to do with the pricing! Pleas remember this. Back when the (XMR) Monero developers forked their coin for comming asics, they hashrate dropped by 60% and stayed there. ( https://bitinfocharts.com/comparison/monero-difficulty.html) The fact is, you don't exactly know how many ASICs are mining on Ethereum now. But that is another discussion. Fix it before it is too late. But we agree on the price. ProgPow wouldn't affect the price of Ethereum. Average difficulty for October 13, 2017: 31031.012 Average difficulty for February 28, 2018: 3052.568 Am I missing something here? Doubled in 2 months? Think about it next time you cherry pick your stats. To be quite frank, I don't care how many alleged asics there are mining ETH. I'm sure it pales in comparison to the 1000 GPU farms out there mining it. Yes you are missing something, although the sales of GPUs plummeted in 2018, the ethereum network hashrate increased astronomically from 110k-120k in Oct 2017 to 250k - 300k in march to september 2018. Many people noticed the large increase in the ethereum network hashrate and had speculated that there are ethereum ASIC miners. This was confirmed when Bitmain announced in April 2018 that they will be releasing ethereum ASIC miners. Bitmain had been "testing" (secretly mining) them for around 5 months before the announcement. I mean anyone who can read the difficulty charts in a time of gpu scarcity a near 100Th increase is more gpus than nivida sells in a year lol. So many ostriches on this forum they must work for bitmain no one is legitimately this dense |
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Comming from the guys who were all PRO asics. I could not care less. For me projects like that don't exist. It was an interesting read for about the first 6-7 paragraphs, just to see what their thought process was, but it quickly devolved into a shitload of fluff that tried to put lipstick on a pig. A few of my favorite quotes: "In parallel and in secret, two larger manufacturers also began development of ASICs for Sia. The first one, Bitmain, did not announce their product until 10 days before shipping, effectively disrupting a multi-million dollar project from the community without warning and nearly causing a civil war." "And indeed, Innosilicon is Sias largest miner, mining a stable 37.5% of the Sia hashrate." (meaning 62.5% of the hashrate is coming from other companies!) "For the Sia network, an important line was crossed when secret ASIC projects superseded a public project that had substantial community investment. Though the Obelisk project got a few things wrong, largely Obelisk went about ASIC development and manufacturing in the right way." "Sia is forking today to reprimand the current ASIC monopoly for the damage it did to the Sia community, to make whole the supporters of Sias community ASIC project, and to send a clear message to all future Sia ASIC manufacturers: we will not tolerate an abusive ASIC monopoly." "In the short term, this is a step backwards for Sias security. The hashrate will decrease substantially, which means our security margin against an attacker will be lower. In the long term, this sets the stage for a healthy mining community and a higher overall difficulty. We fully expect that the 28nm Obelisk ASICs will be replaced by a 16nm chip from another manufacturer, who will become the new manufacturing monopoly for Sia." Yes good catch. There is so much crap in that article, basically apologetic nonsense to give their PRO asic views some legitimate background. Oh well. thier own greed killed them ,didnt they make enough from thier premine and large holdings? They shoud never have got into the hardware business. Now thier anti asic drivel comes off as a poor joke that being said bricking shitmain and innotrashilicon asics is always a good thing i hope it happens |
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Comming from the guys who were all PRO asics. I could not care less. For me projects like that don't exist. It was an interesting read for about the first 6-7 paragraphs, just to see what their thought process was, but it quickly devolved into a shitload of fluff that tried to put lipstick on a pig. A few of my favorite quotes: "In parallel and in secret, two larger manufacturers also began development of ASICs for Sia. The first one, Bitmain, did not announce their product until 10 days before shipping, effectively disrupting a multi-million dollar project from the community without warning and nearly causing a civil war." "And indeed, Innosilicon is Sias largest miner, mining a stable 37.5% of the Sia hashrate." (meaning 62.5% of the hashrate is coming from other companies!) "For the Sia network, an important line was crossed when secret ASIC projects superseded a public project that had substantial community investment. Though the Obelisk project got a few things wrong, largely Obelisk went about ASIC development and manufacturing in the right way." "Sia is forking today to reprimand the current ASIC monopoly for the damage it did to the Sia community, to make whole the supporters of Sias community ASIC project, and to send a clear message to all future Sia ASIC manufacturers: we will not tolerate an abusive ASIC monopoly." "In the short term, this is a step backwards for Sias security. The hashrate will decrease substantially, which means our security margin against an attacker will be lower. In the long term, this sets the stage for a healthy mining community and a higher overall difficulty. We fully expect that the 28nm Obelisk ASICs will be replaced by a 16nm chip from another manufacturer, who will become the new manufacturing monopoly for Sia." Yes good catch. There is so much crap in that article, basically apologetic nonsense to give their PRO asic views some legitimate background. Oh well. thier own greed killed them ,didnt they make enough from thier premine and large holdings? They shoud never have got into the hardware business. Now thier anti asic drivel comes off as a poor joke |
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So, okey. Lets ETH would begun the true profitable coin with this new algo. What we`ll see 1-2 weeks later? All the miners that now are mining another coins would go to mine ETH. So, difficulty grows tothemoon, profit becomes as usial, miners coming back to their coins.
There are really huge amount of cards now. And miners becomes clever and clever. They mine profitable coins and swap coins then its necessary.
New algo cant change anything.
You make no sense , if eth beomes profitable again due to half the hash removed as asics are kicked that affects and increses the profitablity of ALL coins. hash that comes back to ether is removed from other algos and coins which drops the hashrate there and with constant price more profit. now if you had said all gpus will flee other algos due to the fpga and asic sccorge I would have given more credibity. I can tell you this when eth forks other algos will fork too to stronger anti asic anti fpga algos so its a positive trend in either case |
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As I understand from their FAQ, if I will stake 100 coins 1st of October and I want to add more to the stake (because I mined more), I will have to wait until 1st of November to make changes...
I don't think it's much to be earned from this stake interest thing ...
Or.. to make another wallet and put the coins earned from mining during the month to weekly stakes..
If I earn 200 coins mining each month 200-3 400-69 600-918 800-12-30 10001545 12001863 1400-21-84 1600-24-108 1800-27-135 2000-30-165 2200-33-198 2400-36-234 So a year of mining means decent earning. I estimate you need to have 300 mh or 15x 1080ti Even after a year you would be at 2634 coins and be earning 36 to 37 coins and no longer have to mine. It is okay and could be better. 15x 1080ti is 72 kwatts a day or 2160 a month or 25000 kwatts in a year. That is around 2500 usd spent at ten cents. But you could never mine again and earn more coins. Has potential with price rally. One core wallet can give you lots of addresses iterestung stats, thats a nice chunk made by just staking. Kinda makes mining not even worth it when you get to 2k plus coins, I dont get that |
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Ah, thats why DCR diff skyrocketed since about a month ago   nowadays mainly only mining hardware manufacturers and hardware resellers earn money in crypto mining sphere.lol , its hillarious they think ppl will buy these after they milked the real profitability out of these miners what 5 months ago? loool , charts dont lie...shitmain does Innosillicion, Halong, Ibelink have been selling decred miners for the past few months. yeah , i know that but , they didnt sell many as to raise the hashrate that much , did you see the prices they were selling for? Not that i think for one seccond those other companies were not doing the same |
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The added tariffs on everything makes things even worse for us American customers; I assume this now applies to all Bitmain machines imported from China as well. I cant really see this being profitable as of now with the way crypto is right now, but seems like a $1K gamble to me. Might make some profit, might not.
actually the tarrifs are the only thing saving you fewls from making dumbass decisions, trump is saving u idiots |
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Ah, thats why DCR diff skyrocketed since about a month ago lol , its hillarious they think ppl will buy these after they milked the real profitability out of these miners what 5 months ago? loool , charts dont lie...shitmain does |
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anyone watch the latest dev livestream? I haven't had the chance to yet but naturally interested in if any of this info changed
yeah it was epic , some of the main dev leads are proposing that progpow could be launced way before next year as a parallel release even to constantinople!! the asked some great questions of the idefelse team and got great responses the main questions were: -do you have any documentation on how progpow works and a good explanation of how it puports to be asic resistant -can you update the progpow eip with coding specific stuff so other devs can easily implement it without having to ask basic type tech questions on the forums. - details on how much of the bandwidth, of the gpus the algo is using , again more documentation and selling point stuff, so its easier to see how much of the gpu it uses vs other algos -help creating a test chain that can be used to test and benchmark the miner over 30k blocks vs the current low diff 5 block unit tests they have now to see how the miner performs after diff goes up. -a few other technical questions that the progpow team promised to provide bettter detail on. the progpow team was great and the agreed to provide all these things in a week or so, the also provided links to a geth impementation of prog pow that still has some bugs related to cpu mining. but the geth ethereum dev PAVEL said he could tackle all that for them when his technical questions were updated on the eip. from all i saw and heard the eth dev team was pretty much positive they could get progpow done maybe even this year since its a mining change not a protocol change , the main thing is verification that it uses more of the gpu and also that math calculation that forced asics to be flexible enough to handle its changes per epoch and thus makes asics have to be full fledged gpus is secure i.e. this is the cryptographic part of the algo so they felt it needs more details explaining what its doing. one huge thing i noted is the moderator said the eth dev team is actually in conversation with AMD and NIVIDIA regarding progpow similarly to how the Ifdefelse(progpow) team reached out to Nividia to verify thier work as well so I expect they will get the thumbs up. I think progpow will happen this year if kristy and her team live up to thier end and deliver what was asked, and it makes sense for them to want to since the are gpu hardware and software devs: the need progpow to gain adoption just as much as miners. Vb said nothing as usual, droped early. Oh yeah there was mention of your hated BCI , they discussed how its running the progpow algo |
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