@ Marvell2 wasn't Princess Lela asking ObWanKeNoBe for the help. Yeah I spelled it wrong but it has been more then 40 years since I watched the movie.  Yeah she was , i just substituted obi wan for, XMR,BCI/progpow |
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Big facts , we are like princess Leia : Xmr , Bci , youre are only hope 😂😂
Seriously you’re right phill, But the asics holders are getting purged atm since thier greed knows no bounds.
they built huge farms of E3 and z9s along with selling thr machines like candy , I guess they have never heard of
market saturation and difficulty? Whst did they think they could build unlimited asics and the networks would absorb it all?
they not only killed thier resale market but their own farms who does that
and even though the have minimal power costs , even they feel the losses at these low crypto prices , and most of them rent thier property so they have a additional cost we as home miners don’t face.
the best thing honestly that could happen is happening now , bitmain over produces, has to start dumping held crypto at a loss to improve thier balance sheet , eth Icos dumping, eth reduces issuance plans into a long term bear market turning lots of asics into bricks etc.
yeah alot of miners are struggling too but all this has lead to new innovation and a proper anti centralization sentiment that those of us like Voskcoin and people in the know have been pushing for years.
now its all coming to fruition
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Already they have copied an idea and claimed to be the first. Minexcoin has offered this "decentralized staking" for over a year now.
The earliest I recall is a few Scrypt coins that do this from within the wallet since 2014-15 No one is talking about wallet staking thats , super old tech ... stop buying the fud and do your own research, what BCI does is completely different from a usability and technical standpoint its like the Ethereum blockchain vs Bitcoin in terms of innovation. |
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Well looking at WhatToMine and putting in an RX 470 as an example hashing at 27.6mh/s and using 10 cent power yields about $0.40 revenue and after power $0.09 profit.
So at this point you really are better off just selling the GPU and just buy the coin instead. Or at least just mine until the block rewards are reduced and pretty much hope for the best.
Mining to make less then 10 cents before any Claymore or Pool or Exchange or Bank Fees is not worth the hassle.
Stop with the fud, you can mine xmr , cn heavy for near double that profit , eth is going pos anyways so its better we leave it to the asics, they can have it |
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Most likely I think what is happening now is miners aren't shutting off their rigs they are just mining other coins like XMR.
The XMR profit with a RX GPU is pretty much the same and it uses slightly less power.
Last time our difficulty was this low was back in April 2018. So not that much of a steep drop.
Exactly, now that eth/etc is basically almost the least profitable coin for gpus and we see the hash rate has not even gone down that much lol. The is basically proving our point that its all asic hash anyways. All the conspiracy theorists like asasb , and metroid who kept saying when eth goes pos all gpu mining will die can’t have been any more wrong. ASIC mining will die as its damn near dying now lol , S9 negative profit, E3 negative profit Z9 coming next. |
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im sure a lot of blockchains will be internal use only, used to keep track of the various company assets.
projects still can have internal competition and departmental/regional goals. and if some project just wanted private or internal participants, those participants would want a way to prove the percentage of work they contribute, no? possibly it could just be a list of blocks its found vs other participants.. but issued tokens would be a way too. those tokens could be valuable somehow, such as determining participation levels, bonus amounts, allocation of company funds, etc. the tokens and use thereof would be auditable proof on the owning departments or branches participation and used to vote on company agendas.
so, not a general cryptocurrency per se as it wont mean anything outside of that company, but cryptosomething at least. even if only usable within that company.
but, that would expend an awful lot of energy depending on what the chain uses to support it. ideally it could use an algorithm that would generate results beyond simply proof or work, something thats part simulation or something thats otherwise beneficial to the company.. tangible results that could be used for company research or simulations maybe. since its internal they should be able to audit the miners and algo etc to ensure none are cheating.
maybe even get to the point employees could use home equipment to mine the companies blockchain for compensation. but then its pretty much cryptocurrency again heh.
Here's the thing.. internal blockchains can/could be manipulated. With a few bad actors could could easily rewrite/forge some stuff. The incentive of a public blockchain is the BlockReward and the enconomic value that it brings when solving it. Therefore all actors must act in good faith otherwise they lose their value. oh i agree. in some sort of internal blockchain a company should use one or more (external?) central authority to monitor it and the contributing hardware. this might result in less errors (or straight up lying) in whatever inventory the blockchain represents, at least at the department level. but ultimately it just shifts the target for dishonesty and corruption over to the central controlling authority rather than the rank and file. ie departments might have a hard time faking product reports. im not saying private blockchains would work well in general, but possibly just give (even if only slightly?) better and inventory/product/asset control. or at least shift the potential for theft higher up the company food chain. it may make it harder for the rank and file folks to be dishonest, and management to have a more accurate view of the company. now they only have to trust the central authority that monitors it all. but who watches the watchers heh. all in all its just private blockchain vs database. they are administered differently, the corruption risks are shifted around a bit. perhaps companies with widely separated facilities may have fun trying this out so they can keep an eye on each other better. good luck. NB: the argument I was putting forward is not the private vs public blockchains... but rather, what would be the utility of block rewards (and giving any sort of value to crypto coins or tokens) alltogether? Permissioned blockchains need not reward anyone. Public blockchains might still to some extent, but I think the future will relegate them to open-source dev and/or decentralization evangelists. I just cannot see real-world use of blockchain "rewarding" users/miners for very much longer as the technology gets privatized. EDIT: as a miner and small time investor, of course, I hope I'm wrong. But crypto has so far failed in acting as a worthy alternative for fiat currency (despite what Buterin & friends still think it should be - good luck with that - ETH will lose massive hashpower in the near future - have fun managing your cryptokitty-transactions). Crypto has not failed as much as its being blocked by the traditional entities that control this space alongside with the banksters and counties that need to control wealth movement like they have for 100s of years. It seems like thier plan is to attempt to control it by slowing adoption so they can take it for themselves |
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BCI has a site where you can stake coins in your wallet, by just entering the address
they were competent enough to implement progpow which .... drum roll solves a problem
Fair warning to anyone looking at BCI, There are no exchanges available to US residents i'm aware of that see enough BCI volume to where you can sell anywhere near market value at this time. Plus I have been weekly staking BCI for a few months and they only seem to pay out interest 75% of the time for whatever reason. Been trying to sell for a few weeks at market price now with little more than nibbles. The only thing I think progpow solves is a possible 51% attack which wouldn't have been a problem in the first place if they had a significant number of miners anyway. Im in the us and i use hibtc wallets are supposed to be opened soon, I don’t know about the interest payments but um the wallets stayed closed while they worked on solving true issues with current gpu mining instead of doing a half ass fix like BTG , the hash ratecon equihash was large but dominated by groups of z9 miners , I suspect you are one of them , I can’t imagine you bought any of your BCI ? Death to asics viva la BCI lol |
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At current prices, breakeven for ETH mining is now at approx $0.14/KWh (for a standard GPU mining rig). So yeah. A lot of people have stopped their rigs (or switched to something else). The upcoming reward reduction will take care of the rest (if price does not increase).
Vitalik and his buddies might actually come to regret some of the decisions that were made lately.
oh they will sir, and now with only huge asics farms left on the network, fully centralized pow they will become vulnerable to coordinated 51% attacks and double spends since eth is on so many exchanges. with low profit anyways it only takes 3 or 4 huge asic farms to coordinate behind closed doors and screw up the network. You cant tell me these guys don’t coordinate , they kept the secret of thier asic mining as a grpup for like two years before the coordinated to dump thier worthless hardware this april. they did it to btg and bci lol eth is fucked |
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No wonder, I have seen many people trying to sell off their rigs , the price have gone down significantly after all the shit airdrops and garbage tokens.. In India local section itself I have seen two members selling the whole farm..
Also it never should go up so high. People to greedy BTCits not normal people dude , asics bloated the hash rate fpgas too in thier greed they ruined it for everyone, hopefully they go bankrupt |
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unfortunately progpow is power hungry because it uses all parts of the gpu
in order to make it pretty much impossible for asics or fpgas to be able to duplicate its
algorithm without adding pretty much all the pipeline fraturs of a gpu.
probably uses around 20 to 30 more per card for nvidia and ditto for amd.
Btw your private pool discord signature link is dead. Can you update/send another one please? Would love to join. @dragonmike Discord link updated to never expire, I set it that way because I did'nt want alot of people on the pools till we could test stability etc ,we are good now |
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no it is a new al-gore-rythm designed to punish dedicated asics and favor gpus. maybe fpga's you could buy on bitfinex and hope for a pump Retaining the coins on the wallet gets interests as well - looks promising this coin. I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work" Any specific Equihash algo/fork to use with this pool? Yeah but you need the newest smos stick the one with 396.4 drivers for nvidia not the older stick with 384 drivers. I flashed my sticks today. But only 1 miner is in the House. The others are at my friends office. He put a new group in today. Progpow SMOS / 3 x ZOTAC AMP Extreme 1080ti (Test/Dev Rig) progpowminer-v0.15.0-dev0-cuda9.1 -U -P stratum+tcp://iMXxw7CLwohGY5eFYYMMs7g8Bk5JdB31YS.$rigName:x@67.40.164.173:3333 Mining directly to QT wallet The GPU farm is currently on CNHeavy now to save on power bill. What is progpow appetite on power compared to Cryptonight? Monero's next fork is Sept 16... getting ready for that one. unfortunately progpow is power hungry because it uses all parts of the gpu in order to make it pretty much impossible for asics or fpgas to be able to duplicate its algorithm without adding pretty much all the pipeline fraturs of a gpu. probably uses around 20 to 30 more per card for nvidia and ditto for amd. |
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I don't believe ETH difficulty is real. I have two grounds for it:
1) ETH is not a GPU coin for a long time
2) Difficulty is manipulated for some reason
Difficulty is not protecting miners now. It fails as a protective mechanism and leads to decision making.
its the ice age combined with heavy asic mining and fpgas, most gpu miners have moved to other coins for a while now |
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no it is a new al-gore-rythm designed to punish dedicated asics and favor gpus. maybe fpga's you could buy on bitfinex and hope for a pump Retaining the coins on the wallet gets interests as well - looks promising this coin. I tried EWBF/SMOS/1080ti but error message "Receive Incorrect Work" Any specific Equihash algo/fork to use with this pool? yeah i bought 200 coins on biffinex but i cant withdraw them to my wallet to gain interest, Im hoping by friday they will enable withdrawals, the staking site i cool, the api won’t let u stake coins that you dont have, it verified the wallet seamlessly. Im staking weekly for now, as i get more coins ill stake a stack monthly as well. |
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I have 3 rigs with six 1080ti's on them mining BTG. edit three 2 card rigs for total of 6 1080ti's I can't switch them until I burn 3 newer smos usb sticks. My friend will be at his office on Thurs I may try to do it then. ok we will be glad to have you, we are finding a decent amount of blocks , fast payouts too |
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um have you seen thier site? BCI has a site where you can stake coins in your wallet, by just entering the address
they were competent enough to implement progpow which .... drum roll solves a problem
I won’t tell you witch problem lol u figure it out lol
What’s problem does btg , bcc solve compared to a coin that has all the innovation that bci dows , weekly. and monthly interest payments and the first to impl implement prog pow.
If the devs get rewarded for thier innovation thats a good thing
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E3 doorstop status achived  3 months ahead of my esitimation Z9s are up next , say around nov? |
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Bitmain has painted themselves into a corner. Not that it matters. They've flooded the market in a price downturn and now they can't achieve enough efficiency enhancement to up price the new tech coming. Even if they could hold watts the same and triple hashing power, they can't realistically justify a $1,500.00 S9. Things are extremely grim. I take solace in knowing that a bunch of greedy corporate maggots that went "all in" on mining are about to get their throats ripped out. No matter what their KWH rate is. I will piss on their graves.
lol socialist corporate Maggits at thet lol, Im with you brother let it all burn |
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damn we need a new update for the next CN fork tho i love this miner
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