Nice research! Merited!

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

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

Yes, you are spot on!
People who preorder them now will just fund their mining operation until Monero forks.

Any other CryptoNight coin that will be mined with ASICs will fail because they do not have a sufficient market cap to support the influx of new coins on the market.

If this happens, I predict:

• first phase: acute devaluation of the coin (as you know the majority of CN coins have low prices & have a max supply of billions) until it will be worthless
• second phase: interest for the coins will fade
• third phase: the coin project will be sunk

I hope this isn't going to happen but all the signs lead to it. 

We still need a few votes to get CoinExchange & YoBit on the TabTrader app

Please vote as soon as you can if you're also using these 

There are a few posts around here that can get you started fast.

I have one related to CPU mining but this can be easily applied to GPU mining as well. Check out these posts:

https://bitcointalk.org/index.php?topic=2891680.0
https://bitcointalk.org/index.php?topic=2345911.0

I usually don't recommend joining 0% fee pools because they either have bad uptime or they steal your good shares.

When it comes to the effort used to mine a block by the pool, I have been lucky in the past on smaller pools and mined blocks with 20-40% effort and got the rewards fast but once you get a few 200% effort blocks (which will happen sooner than you think) all that advantage will be lost.

Da, din pacate e adevarat dar va mai dura mult timp pana cand cineva va folosi ASIC-urile pe monedele adaugate de mine in acest thread.
In plus, toate monedele care vor avea un viitor vor schimba implementarea pt a bloca ASIC-urile.

Parerea mea e ca monedele care nu vor face fork nu vor avea success pe viitor.

I've selected that pool because it's more popular and it has more miners on it. I have tried multiple pools in the past but it seems that you get more consistent results when you join large pools. Not to mention the importance of the pool having a high uptime.

From what I've seen until now, mining on a pool that has a lot of members is not a bad thing at all, especially when resolving a block takes more than 100% effort.
Another good point is that blocks are found very fast - about 4 min on luckpool.io rather than 4h on cryptoknight.cc
Of course, the block reward will be split between more users but I think it's a good compromise because there will be more blocks.

What was your experience with pools?

Your prediction was spot on!

So, this answers some of the questions in a different thread:
Q: How long do the ASIC creators use them in secret before making them available to the public?
A: It seems they were using the Giant N and the Antminer X3 from July 2017. So, about 9 months!

Q: What kind of profits do they make before they make them available to the public?
A: Taking into account that Monero would be their best target coin, that means they could pull about $200-300/day or $80k until now with the X3 and about $20-30/day or $8k until now with the Giant N. These numbers are for just 1 device! Imagine what kind of money do they make with dozens of them.

They will also max out these profits by selling these ASICs to naive miners that will probably just pay them off until the hard forks happen and then have nothing to do with them. The creators win all the time.

It's interesting how some news of hard forking coins to prevent ASICs from mining brings out all of the secret ASICs on the market.

You must be a fool to buy an ASIC right now, they milked all the coins while they could and now they're trying to make a profit by reselling them too.

I wonder how log they have been using them before putting them on the market? What kind of profits did they pull from mining?

Am adugat o noua moneda care se poate mina insa trebuie sa va grabiti pt ca dificultatea va creste in curand si recompensa pt fiecare bloc minat nu e foarte mare: Haven (XHV)

Ok, this one seems promising from what I can see. Added it to the first post in this thread.


Do you have any other info on it? Are you mining it now? What pools are you using?

Although this coins was launched at the beginning of January it has not gained enough traction & attention from users on BCT. I would be a bit cautious to mine it at this time, it may be a waste of time.

I found one new alt account and posted it in the Known alts thread Please take a look.

https://bitcointalk.org/index.php?topic=2544574.msg32285693#msg32285693

I appreciate the initiative and the time put into this. 

I usually post in the altcoin sections, mainly altcoin mining.

Please take a look at my recent posts and let me know what you think.

Accounts Connected:

Jack Dragon, shahzadafzal

Proof:
He accidentally posted with his other user
https://bitcointalk.org/index.php?topic=3055616.msg32196017#msg32196017

Archive.is: http://archive.is/p415y

Good initiative! I appreciate you guys invest your time in making people post quality content & help others.

These are a few posts from this week:
https://bitcointalk.org/index.php?topic=3118546.msg32281827#msg32281827
https://bitcointalk.org/index.php?topic=3118153.msg32236538#msg32236538
https://bitcointalk.org/index.php?topic=3118546.msg32235762#msg32235762
https://bitcointalk.org/index.php?topic=3118546.msg32235120#msg32235120
https://bitcointalk.org/index.php?topic=3103990.msg32226053#msg32226053

Older thread that I keep updated:
https://bitcointalk.org/index.php?topic=2891680.msg29727954#msg29727954

I don't think I will win, but if I do, let's roll it over to the next round.
Maybe we can encourage more people to start posting quality content and most importantly help the community. Thanks!

Yes, you can do that but the profit will not be very big. Taking into account that your workstation will use electricity for your other components, I would recommend having as many GPUs as you can fit in your workstation and of course, what your power supply can sustain.

To get an idea on what you can make with certain GPUs you can check out this website: https://whattomine.com/
Also, please keep in mind that if you have a decent processor you can also mine using it and set the priority of the CPU mining process as "low priority" to not interfere with your usage of your workstation.

Also, to see your overall workstation power consumption you can check out this website: http://www.coolermaster.com/power-supply-calculator/

I totally agree, everyone including OP is following their own interests and not solving the forum's issues like spam, shit posting etc.

The majority of people here use this forum to gain knowledge about the crypto world and make money from either trading or mining or why not, both. Once you get to Full Member or Sr. Member status and you can use all the features of this forum like adding an avatar, linking the signature etc. you should be all set and you shouldn't care about gaining merit or activity anymore.

What everyone should be actively concerned with is helping the community with whatever they can. It's always nice to have someone to ask advice from so, why not help out others when you can? Sadly, I have seen a lot of shit posting rather than help...



Don't believe a word about it... Merit is hard to get if you're a person who doesn't have a lot of time to invests in creating posts. Even if you help out people (which is the purpose of a community) you won't necessarily get merits because usually people asking questions don't have merits to send or don't know how to use them.

OP may be a good poster with a loooot of free time on his hands but he is also a notorious merit "hunter".
If you do not hunt for merit you won't get it as easy as it is advertised by some people.



Yes, you are spot on! Keep in mind that this forum is also very popular between teenagers (and that's perfectly fine) since they have a lot of time on their hands and for some, no social life.

But the truth is people are focusing more on ranks rather than acquiring knowledge about the crypto world and then making money from it.
The sad truth is everyone is trying to rank up to join signature campaigns and make money from it...

It seems like every active cryptonight coin will follow the hard fork Monero will do to counteract this new ASIC.

I think this will also sort out all the coins that will make it in the future because having ASICs for new coins is always a bad idea (disregarding the algorithm).

In my opinion the coin needs to be well established and with a decent trade volume created by real investors before ASICs can be introduced to help the soon to be congested network.

All in all, I would suggest not investing into this ASIC unless you can manage to get a profit quickly and then get out fast.

My opinion is that it also depends on the power of your mining rig.

If you have a large rig that will require a lot of electricity & maintenance costs then maybe the best approach would be to mine profitable & established coins and then sell them (but still keep a few in case the price skyrockets).
The reason why I would chose established coins is that you have a lower risk of them going bust (or devaluating fast) before you sell.

If you have a low range mining rig I would mine and hold in case the price jumps, thus speculating on the price. Of course, you need to do your own research on the coins you select to mine, otherwise you will end up with nothing.