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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 10, 2018, 12:10:41 AM
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How else were bitmain and innosilicon supposed to test their product?
"In total, 550 blocks were mined in secret during the 2 months previous to the Antminer A3 announcement, representing around 85 million Siacoins in block rewards. According to CoinMarketCap, the value of Siacoin oscillated during November and January on the range of 0.5 and 11 USD cents. Interestingly, the maximal historic value of SC was reached on January 6th, 11 days before the Bitmain announcement. Depending on the moment they sold their “warchests”, they could have obtained something between $0.4 and $9 million from the secret mining operation. According to some estimations, the development of the A3 costed Bitmain $10 million. If they planned the trades carefully, this means they could have recovered the whole cost of the ASIC development just by secret mining during those 2 months."= "testing"... LOLYou do like jokes, don't you?  "This, of course, on top of the $74 million in sales profit just from the first 2 batches ($2300 per unit and 33,000 units as we explained above)."I invite you to look at the charts again. Here is the hashrate graph... notice that hashrate was negligible before ASICs were introduced. Then notice the hashrate after ASICs. If Bitmain were mining with thousands of ASICs before the official announcement, you would see it in the graph. The bursts before the announcement were tests. How else were bitmain and innosilicon supposed to test their product?  Now, here is the difficulty charts again... notice the very small increase in difficulty before the official release of ASICs. Again this is indicative of testing. Look at the difficulty after ASICs... again... if Bitmain were mining with thousands of ASICs before the official announcement, you would see it in the graph.  The amount of money mined during testing is irrelevant, because the ASICs would dominate during these bursts. I personally believe that Bitmain and all other major manufacturers along with the "secret" groups of course mine in private. I believe Bitmain has partaken in this increasingly less or not at all at this point, for multiple reasons including the fact that the vast majority of earnings have been sucked up already . . what is the point of them secret mining now? They are under a bigger magnifying glass than ever and the profits are absolute shit lol the chart referenced above, clearly shows that if you're looking to point out secret mining, SIA is not the crypto to do it with ^ This I guarantee if we were still in an ultra bull market they would still be mining heavily, like he said profits are shit now , they already killed cooked and ate the golden goose. U bitmain shills can have all the refurb Asics u want. If profits come back on existing or new algos they will be back but for now thier moving on to more profitable enterprises aka ICO scams marvell what are your thoughts on the longevity of GPU mining? |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 08, 2018, 05:22:32 PM
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How else were bitmain and innosilicon supposed to test their product?
"In total, 550 blocks were mined in secret during the 2 months previous to the Antminer A3 announcement, representing around 85 million Siacoins in block rewards. According to CoinMarketCap, the value of Siacoin oscillated during November and January on the range of 0.5 and 11 USD cents. Interestingly, the maximal historic value of SC was reached on January 6th, 11 days before the Bitmain announcement. Depending on the moment they sold their “warchests”, they could have obtained something between $0.4 and $9 million from the secret mining operation. According to some estimations, the development of the A3 costed Bitmain $10 million. If they planned the trades carefully, this means they could have recovered the whole cost of the ASIC development just by secret mining during those 2 months."= "testing"... LOLYou do like jokes, don't you? "This, of course, on top of the $74 million in sales profit just from the first 2 batches ($2300 per unit and 33,000 units as we explained above)."I invite you to look at the charts again. Here is the hashrate graph... notice that hashrate was negligible before ASICs were introduced. Then notice the hashrate after ASICs. If Bitmain were mining with thousands of ASICs before the official announcement, you would see it in the graph. The bursts before the announcement were tests. How else were bitmain and innosilicon supposed to test their product? Now, here is the difficulty charts again... notice the very small increase in difficulty before the official release of ASICs. Again this is indicative of testing. Look at the difficulty after ASICs... again... if Bitmain were mining with thousands of ASICs before the official announcement, you would see it in the graph. The amount of money mined during testing is irrelevant, because the ASICs would dominate during these bursts. I personally believe that Bitmain and all other major manufacturers along with the "secret" groups of course mine in private. I believe Bitmain has partaken in this increasingly less or not at all at this point, for multiple reasons including the fact that the vast majority of earnings have been sucked up already . . what is the point of them secret mining now? They are under a bigger magnifying glass than ever and the profits are absolute shit lol the chart referenced above, clearly shows that if you're looking to point out secret mining, SIA is not the crypto to do it with |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: EVERYTHING Miners Need To Know About GPU Warranties | BEST? Worst? Transfer?
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on: August 08, 2018, 05:15:29 PM
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I have had some very good experiences with EVGA cards/warranties. EVGA use to sell lifetime warranties. I returned a card for repair that had a lifetime warranty and the replacement is still going strong. I tend to hold on to video cards for a long time. I have three GTX 970's. Two I bought from craigslist. One had major issues and could not mine at all. Turns out, it was still under warranty and I got a replacement from EVGA in 3 days! I have bought extended warranties on all my EVGA video cards and have used those warranties three times with great results. I highly recommend EVGA.
How much did you purchase lifetime warranties for? I imagine many would sink some cash into a 1080 TI lifetime warranty lol |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Posting a speculation thread on Acorn gear from Gpuhoarder to keep a promise
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on: August 08, 2018, 12:33:52 PM
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There now may be a delay on the larger FPGA The BCU-1525 I do not know how it affects the Acorn 215+ or another gear made by squirrels. Note: I read the issue was a specialty cap on the discord channel. For tinfoil hat people I think Xilink has a major contract/relationship with you guessed it bitmain {not sure} I guess if bitmain squeezed the supply chain here it means they thought this was good gear and are attacking them but thats a tinfoil hat theory. Does not matter why the gear is held up only that it is held up. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ BCU-1525 delayed. I am wondering what would happen to Acorn release schedule
BCU-1525 delayed. I am wondering what would happen to Acorn release schedule
The BCU was delayed by Xilinx who makes both the FPGAs and the board that is the BCU1525. Xilinx is delayed due to unavailability of other components used to make the BCU, not the actual FPGA itself. SQRL is facilitating the BCU orders, if I understand correctly, not making the boards. Any project could be delayed if they needed the same components that Xilinx is waiting for, Acorn included. Supply chain stuff is complicated, and most companies try to have multiple suppliers for most components to prevent this from happening. Sometimes there is only one supplier for a critical component, and that supplier has a problem, well, you are SOL. It's also not usually easy to get a new supplier online in a short period of time, especially if high volumes of components are needed. Not to mention those suppliers also have existing customers with contracts... BCU-1525 delayed. I am wondering what would happen to Acorn release schedule
My guess is that it will get delayed too. A common delay cause is chip fabrication, which is shared amongst various manufacturers. Once again, what really bothers me is that (regardless of what GPUHoarder suggested), I am not getting any responses to my questions from SQRL support. It is one thing to have some very smart people designing new system and the other (often neglected in Crypto world) providing a support structure of a company that deals with customers efficiently.
Hey Phil I understand your frustration as most (myself included) are frustrated when pre-order products are delayed, and I definitely understand your concern on only partial stats released w/ the acorns so far However they are trying to bring a unique product, and per what they've said it is ultimately out of their control. What would you suggest they do? Also have you read this yet?   A link to their official press release for reference http://squirrelsresearch.com/press-bcu-1525-delivery-delayed |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: 8th Alt coin thread. Or what to do now that asics are all over the place.
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on: August 06, 2018, 11:35:50 PM
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Oh... and philipma1957...
Let me state my position on ASICs definitively...
ASICs are not the enemy of centralization. They are just a more efficient tool. Pools are the enemy of centralization.
If you want a truly decentralized ecosystem, you have to make it anti-pool... not anti-ASIC.
I 2nd this comment. Countless coins have had their profitability destroyed by pools like zpool. Zpool , mining-pool hub, nice-hash drive all towards Btc. If banned and rendered non existent you need an exchange to turn coin to btc. If you want to be private most exchanges prevent this. I can mine ETH on nicehash with a core wallet direct to btc and stay anonymous for years. Same on Zpool. Take the exchange pools out I have to hold the coin I mine . Many don’t want that risk. Many won’t hold 1000 BTG. But they will hold 5 BTC. Asics builders kill coins because they can build more gear then any coin can support. Gpu builders don’t kill coins because gpus are mixed use. Anyone that fails to see dumping every bicycle in the world because motorbikes are faster fails to see the full picture. But. What do I know not much as I see but a piece of the puzzle.
I am for some asics
I am for some FPGAs
I am for some Gpus
I am for some CPUs
To mine various coins and algos
Just as I am for
Bicycles
Motorbikes
Cars
Trucks
BusesTo take care of various transportation needs That's an interesting comparison, it is too bad Bitmain is trying to build their buses for every coin/algo currently lol |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 02, 2018, 02:44:55 PM
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GPU mining is totally dead imo. the guys happy with 1$ a day for 1080ti have massive farms or cheap power
tech evolution + big money has come in since 2017-2018
everyday users are building million dollar farms, FPGAs+ASIC are everywhere (if you still think ANY algos aren't on FPGAs, they are just being kept quiet AKA profitable)
Evolve, band together, diversify, or die. if you dont have 50+ cards+diversification in trading/asic+FPGAs, your a hobby miner, mining is for the big boys now : /
PoS is the future, we all got too greedy for PoW to work anymore
and ETH hasent even finished mining! wait till THAT happens :O GPU miners are toast
Great to see you cjmapope, also thanks for the merit several times recently  I think ETH PoW -> PoS transition is the elephant in the room no one wants to really think about / talk about . . I was hoping for the community to come together tighter in this period, however (to me at least) it sort of seems the opposite. Everyone wants and is looking for a savior, but will there be one? The void ETH will leave will be an incredibly massive one to fill . . How would you save mining? |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 02, 2018, 02:34:34 PM
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Its not dying, its just very unprofitable due to the competition.
Basically its like a double edged sword.
If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.
the free money chasers imo are a drop in the bucket compared to the recent build outs of mining farms (fueled by greed) & ASIC producers To make this clear I don't hate "ASIC MINING" . . simply put all of the current producers are trash -- just analyze Bitmains price gouging tactics, and then they become "good guy bitmain" after their coupon airdrop to just buy more of their junk. . . Bad players can do bad things with a multitude of mining devices, ASICs and (partially) FPGAs are the weapons of choice -- even GPUs to some extent w/ ops. like Genesis Mining |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 02, 2018, 02:30:58 PM
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Its not dying, its just very unprofitable due to the competition.
Basically its like a double edged sword.
If Bitcoin and other crypos weren't popular then the price would be lower. However since they are popular alot of people discover this "free money" thing called mining and they end up increasing everyones difficulty.
Its not people, there is so much room in crypto for ‘people ‘
its the corporations like bitmain etc that are killing profitablity so harshly, they are also the worst dumpers
of crypto tooAgreed Bitmain, and yet some people still cheer for them. Last year I was a bit naive to this part of crypto / mining --- however it was made painfully clear with the D3 and time+time again with their subsequent releases. Is it not odd these manufacturers/miners/resellers (because theyre all of those) release similar miners in a similar time frame -- bitmain/innosilicon/asicminerco all dropping equihash ASICs within 2 months of eachother AT LARGE PRODUCTION SCALE I use the wolf and sheep terminology a lot because I swear so many people are so blind to what is really happening. |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 02, 2018, 02:24:13 PM
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If mining is dying than pow coins are dying also. right?
So no, mining is not dead, not at all.
mining is in fact at its current trajectory dying for the "average miner" Dying does not equal dead Mining can "die" and coins still survive, whether it is with low electric farms running on very low earnings (while majority others run at a loss) This video is just my farm update and I share my input on the current state of mining and a story to help illustrate my stance on GPU vs ASIC |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Is Cryptocurrency Mining Dying? GPU vs ASIC | VoskCoin Crypto Farm | August 2018
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on: August 02, 2018, 02:21:31 PM
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Vosk, you need to familiarize yourself with Bettenridge's Law of Headlines: https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headlines
"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."
life is boring if you live entirely within the constructs that those before you have built  Vosk, you need to familiarize yourself with Bettenridge's Law of Headlines: https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headlines"If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious or over-sold. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'." I get this is a quote as I read through the wikipedia article, thanks for that... But the quote should be changed for modern times. "If the headline asks a question, try answering 'no'. Is This the True Face of Britain's Young? (Sensible reader: No.) Have We Found the Cure for AIDS? (No; or you wouldn't have put the question mark in.) Does This Map Provide the Key for Peace? (Probably not.) A headline with a question mark at the end means, in the vast majority of cases, that the story is tendentious, over-sold or click-bait. It is often a scare story, or an attempt to elevate some run-of-the-mill piece of reporting into a national controversy and, preferably, a national panic. To a busy journalist hunting for real information a question mark means 'don't bother reading this bit'."
What is an alternative title you would have chosen for distribution on the YouTube platform? |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain Antminer E3 Review & Tutorial | Ethereum ASIC Miner | Error | Setup
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on: August 01, 2018, 01:54:09 PM
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wil your gpu earnings for ethermine.org be with the ascis earnings under dashboard
on there website as i type in the ethereum address to find my miners
on there site
as i can only find my 4 active workers from the gpu's?
thx
Steve
If you use the same address for the E3 as you use for your GPU's yes, ethermine's dashboard reports the overall earnings for anything mining to that address and doesn't break it down per worker. It does break down your hashrate by worker but that's the only thing that gets broken down (hashing statistics, not earnings) yeah precisely ^ if you'd like to monitor you E3 closer than that your best bet is to use a different ethereum address |
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Alternate cryptocurrencies / Mining (Altcoins) / Re: EVERYTHING Miners Need To Know About GPU Warranties | BEST? Worst? Transfer?
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on: August 01, 2018, 01:53:07 PM
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Sapphire is the worst to deal with in my opinion.
I bought a few GPUs second hand, the GPUs blew up a bunch of MOSFETs and I tried to get RMA. They basically need the original receipt and it needs to be you. If the address and names don't match up, they assume it was bought second hand and refuse to RMA.
Gigabyte, Asus and MSI they don't care whether you are the first owner or the 10th owner. The warranty stays with the card kind of like Apple Warranties or Car warranties.
Appreciate your voicing this, a couple others in the comments said some similar stuff. It is pretty surprising with such a widely used and popular --- often deemed the best card for mining . . to have such more RMA service makes you realize why some people loaded their farms with MSI instead! |
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