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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Vann
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September 04, 2017, 01:38:18 AM |
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leowonderful
Legendary
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Activity: 1624
Merit: 1129
Bitcoin FTW!
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September 04, 2017, 01:39:21 AM |
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Monero uses a completely different algorithm than the L3+; the L3+ mines Scrypt. Monero uses CryptoNight and is completely incompatible with Scrypt, hence the numbers are fucked up. The calculator is right for the most part if only you actually had that much CN hashpower.
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pekobites (OP)
Member
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Activity: 119
Merit: 13
0x88628bf14F2391707bA9d1767f83c694Efd2a8B9
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September 04, 2017, 01:46:35 AM |
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Monero uses a completely different algorithm than the L3+; the L3+ mines Scrypt. Monero uses CryptoNight and is completely incompatible with Scrypt, hence the numbers are fucked up. The calculator is right for the most part if only you actually had that much CN hashpower.
Thank you so much for the in-depth answer, are there any ASIC for Monero right now? |
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Khurram Bin Kamal
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September 04, 2017, 02:01:51 AM |
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No there are no Asic miners for monero and you can mine monero only with gpu and the funny part is that the total network hashrate of monero is 214 megahash and you are putting more than double hash rate that's why you are seeing profit of $12 million which is totally wrong
And keep in mind that if you mine monero with gpu rigs the hash rate speed of your cards will be in sols or simple hashes per second.Google the speed for monero for different cards and than put those numbers in the calculator and than you will be able to get the profit accurately
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pekobites (OP)
Member
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Activity: 119
Merit: 13
0x88628bf14F2391707bA9d1767f83c694Efd2a8B9
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September 04, 2017, 03:13:37 AM |
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No there are no Asic miners for monero and you can mine monero only with gpu and the funny part is that the total network hashrate of monero is 214 megahash and you are putting more than double hash rate that's why you are seeing profit of $12 million which is totally wrong
And keep in mind that if you mine monero with gpu rigs the hash rate speed of your cards will be in sols or simple hashes per second.Google the speed for monero for different cards and than put those numbers in the calculator and than you will be able to get the profit accurately
Thanks ! I will definitely do that! |
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profit59
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September 04, 2017, 06:04:08 AM |
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Antminer L3 + will not be able to mine Monero. It is designed to extract coins on the script algorithm
To mine Monero, I advise you to use a video card! I hope soon will create Asic specifically for Monero)
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gzubeck
Jr. Member
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Activity: 74
Merit: 1
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September 04, 2017, 07:48:39 AM |
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Monero uses a completely different algorithm than the L3+; the L3+ mines Scrypt. Monero uses CryptoNight and is completely incompatible with Scrypt, hence the numbers are fucked up. The calculator is right for the most part if only you actually had that much CN hashpower.
Thank you so much for the in-depth answer, are there any ASIC for Monero right now? I'm not sure monero is paying all that well for any mining right now. But if your looking for a monero miner I would look into buying an amd epyc server with dual core processors. cryptonight is mostly a cpu miner first with some graphics cards that do ok with it but not as profitable as mining other coins. Right at the moment there is no asic. If your looking into asics I would stick to mining bitcoin or litecoin. |
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Kstin
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XDNA - Most innovative cryptocurrency in 2018
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September 04, 2017, 09:15:58 AM |
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This is not possible. There are no asic that can mine XMR now
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coinfoundry
Full Member
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Activity: 292
Merit: 100
Miningcore
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September 04, 2017, 10:19:01 AM |
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Monero uses a completely different algorithm than the L3+; the L3+ mines Scrypt. Monero uses CryptoNight and is completely incompatible with Scrypt, hence the numbers are fucked up. The calculator is right for the most part if only you actually had that much CN hashpower.
Thank you so much for the in-depth answer, are there any ASIC for Monero right now? Thank god no. Monero is using "Cryptonight" which is a so called memory-hard hashing algorithm that's next to impossible to effectively implement using ASICs. |
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zefirka
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September 04, 2017, 10:39:22 AM |
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nope , is not possible  |
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Mattthev
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September 04, 2017, 11:49:00 AM |
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Yep, Monero is ASIC resistant
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pekobites (OP)
Member
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Activity: 119
Merit: 13
0x88628bf14F2391707bA9d1767f83c694Efd2a8B9
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September 04, 2017, 02:59:09 PM |
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Antminer L3 + will not be able to mine Monero. It is designed to extract coins on the script algorithm
To mine Monero, I advise you to use a video card! I hope soon will create Asic specifically for Monero)
Well that explains why I couldn't find any mine to Asic in google I might try to mine minero with a RX 480 but I will first keep looking for more profitable alternatives |
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Mattthev
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September 04, 2017, 06:34:48 PM |
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Antminer L3 + will not be able to mine Monero. It is designed to extract coins on the script algorithm
To mine Monero, I advise you to use a video card! I hope soon will create Asic specifically for Monero)
Well that explains why I couldn't find any mine to Asic in google I might try to mine minero with a RX 480 but I will first keep looking for more profitable alternatives More proftable is RX 470/570 it has almost same hashrate but cost a lot less. I've post my results here: https://bitcointalk.org/index.php?topic=2126975.0 |
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ramanauskas
Newbie
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Activity: 12
Merit: 0
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October 23, 2017, 06:56:38 AM |
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Why not possible?
prohashing.com - set Your earnings in XMR Monero.. What is the problem?
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ss10miner
Member
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Activity: 115
Merit: 10
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October 23, 2017, 08:51:44 AM |
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which card is much better for CryptoNight, AMD or Nvdia? I want to mine intensecoin which algorithm is same with XMR
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huntingthesnark
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October 23, 2017, 10:54:51 AM |
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Why not possible?
prohashing.com - set Your earnings in XMR Monero.. What is the problem?
It's not a problem, just that's not mining Monero with a Scrypt miner. It's mining Scrypt and getting paid in Monero - big difference. Bit like saying your petrol car can power your house - by doing taxi work and then using the money to pay utility company. |
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ramanauskas
Newbie
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Activity: 12
Merit: 0
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October 23, 2017, 11:35:50 AM |
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Yes - its by saying.. but its possible.
and its not so hard to run test l3+ with test on 24-48h with chosen XMR coin be paid.
Difference very small. So You with l3+ can work and mine XMR (NOT DIRECTLY) but no matter how - if its still profitable and can do it - you can.
Scrypt not scrypt - asic or not.. Possible YES! and almost price go like with GPU directly.
Everything is possible
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huntingthesnark
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October 23, 2017, 01:55:47 PM |
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Yes - its by saying.. but its possible.
and its not so hard to run test l3+ with test on 24-48h with chosen XMR coin be paid.
Difference very small. So You with l3+ can work and mine XMR (NOT DIRECTLY) but no matter how - if its still profitable and can do it - you can.
Scrypt not scrypt - asic or not.. Possible YES! and almost price go like with GPU directly.
Everything is possible
Yeah, but by that definition mining bitcoin is possible by growing apples. Indeed, orchards are very profitable right now, etc, etc.... |
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gzubeck
Jr. Member
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Activity: 74
Merit: 1
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October 24, 2017, 09:33:07 PM |
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which card is much better for CryptoNight, AMD or Nvdia? I want to mine intensecoin which algorithm is same with XMR
AMD... |
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