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Author Topic: Monero ASIC next from Bitmain?  (Read 403 times)
bytiges
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September 15, 2017, 10:07:01 PM
 #1

I'm thinking about the sudden hashrate increase in XMR, trying to explain it. It's 5 fold increase in a couple of months.

Is it that every GPU migrated from ETH to XMR? I think this is not likely, seeing ETH hashrate. And GPU supply is limited at the moment. There are not enough GPU in production to justify a 5-fold increase in such a small timeframe. Everybody and their parents started mining on the home rig ? Might be, but still, I don't buy it.

What is somebody is using asics. Perhaps preliminary or private development. Think about the D3 and what it is going to do to X11.

And if this is true, who could this be ? My coins would go with Bitmain.

I know, Cryptonote is supposed to be memory intensive and thus not asic friendly. But, 2MB is not that much and asics with such memory exist. The only risk for such an asic would be the hard forks of monero. They could increase the memory size, or maybe not. Many CPU had 2MB of cache and exceeding that would make CPUs unfit for mining.

So, my guess is that we're going to see an ASIC for Cryptonote really soon. What do you think?
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September 15, 2017, 10:27:36 PM
 #2

Roughly $465k worth of XMR is being mined every day. That attracts a lot of people and I'd be surprised if some people hadn't invest a lot of money into R&D'ing some sort of a high speed miner by now.
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September 15, 2017, 10:32:20 PM
 #3

Roughly $465k worth of XMR is being mined every day. That attracts a lot of people and I'd be surprised if some people hadn't invest a lot of money into R&D'ing some sort of a high speed miner by now.

Thats huge amount, I think thats explains above questions. People are finding opportunity in Monera mining. Miners are wise enough to seek which and where  is profitable of course.

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September 15, 2017, 11:20:37 PM
 #4

Roughly $465k worth of XMR is being mined every day. That attracts a lot of people and I'd be surprised if some people hadn't invest a lot of money into R&D'ing some sort of a high speed miner by now.

Thats huge amount, I think thats explains above questions. People are finding opportunity in Monera mining. Miners are wise enough to seek which and where  is profitable of course.

Only way to secure the block chain is to give miners proper reward. Many coins will face a problem here sooner or later. Monero will not, because it knows that when it comes to information's and money security is most important.

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superresistant
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September 23, 2017, 09:09:35 AM
 #5

 
GPUs are only a small portion of the hashrate on Monero.


Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
bytiges
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Today at 09:35:52 AM
 #6


GPUs are only a small portion of the hashrate on Monero.


Well, dare to explain a little ? You mean CPU run on servers or do you mean there are actual ASICs involved (or fpga)?

We've seen a huge increase in few days in the hashing power a few weeks ago. That is why I think somebody has turned on a little private farm with asics.

Currently GPU do not ROI in reasonable time on Monero, unless price doubles in the next 6 months.
KaydenC
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Today at 09:39:31 AM
 #7


GPUs are only a small portion of the hashrate on Monero.


Well, dare to explain a little ? You mean CPU run on servers or do you mean there are actual ASICs involved (or fpga)?

We've seen a huge increase in few days in the hashing power a few weeks ago. That is why I think somebody has turned on a little private farm with asics.

Currently GPU do not ROI in reasonable time on Monero, unless price doubles in the next 6 months.


My AMD farm is more profitable on monero than ETH. It might not be worth buying new cards, but people with existing cards are likely switching to XMR.

Check out EscrowMyEther, an Ethereum Dapp that allows buyers and sellers to trade with their choice of escrow agent. Currently beta testing on Ropsten testnet and set to launch in Oct 2017.

Cryptomining shop : http://cryptomininghw.com/
Kompik
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Today at 09:58:50 AM
 #8


GPUs are only a small portion of the hashrate on Monero.


Well, dare to explain a little ? You mean CPU run on servers or do you mean there are actual ASICs involved (or fpga)?

We've seen a huge increase in few days in the hashing power a few weeks ago. That is why I think somebody has turned on a little private farm with asics.

Currently GPU do not ROI in reasonable time on Monero, unless price doubles in the next 6 months.

It is because of the ehereum ice age in place, people are switching since it becomes more profitable with GPU. Also because of the low power usage of the algo.
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