Monero ASIC next from Baikal (was: Bitmain)?

[bytiges]

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?

[bathrobehero]

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.

[Insanerman]

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.

[Febo]

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.

[superresistant]

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

[bytiges]

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]

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.

[Kompik]

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.

[Branko]

Maybe its new scam/virus running around?

[sohard4me]

Monero is memory intesive algo.

If Bitmain is able to create ASIC for memory intensive algo, probably they'll target ethereum (ethash) first

[hwgeek]

Read the news- the largest torrent site piratebay has managed to run monero cpu mining on the webpage of users, that milions of PC's.

[superresistant]

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.

Related :

Read the news- the largest torrent site piratebay has managed to run monero cpu mining on the webpage of users, that milions of PC's.

and this is only the tip of the iceberg.

[generalt]

https://coin-hive.com/blog/status-report

“...We have since peaked at 13.5M hashes/s – a quite respectable 5% of the global hash rate of the Monero blockchain.”

It's hardly respectable when the majority of that is probably from malware:

https://www.bleepingcomputer.com/news/security/coinhive-is-rapidly-becoming-a-favorite-tool-among-malware-devs/

[tromp]

Monero is memory intesive algo.

If Bitmain is able to create ASIC for memory intensive algo, probably they'll target ethereum (ethash) first

Coin                    PoW Memory requirement in MB
Litecoin                0.125
Monero                2
Ethereum             2048

All these are "memory hard". Guess which ones are easier to make ASICs for...

[sevenmiles]

Bitmain just release two new miners:
Antminer G1 Ethereum Miner of NVIDIA GTX1060 GPU Miner
Antminer G2 Ethereum Miner of AMD RX570 GPU Miner

THe implication is pretty clear - they cannot successfully figure out how to develop the ethash algo ASIC for ethereum mining...and looks like same applies to other ASIC resist algos 

[ice2090]

Cryptonote coins are ASIC resistant coins

[64dimensions]

As others have mentioned.

Movement away from the ETH family of coins.

I believe EXP and MUSIC are also ice aging on the same schedule.

[bytiges]

Monero is memory intesive algo.

If Bitmain is able to create ASIC for memory intensive algo, probably they'll target ethereum (ethash) first

Coin                    PoW Memory requirement in MB
Litecoin                0.125
Monero                2
Ethereum             2048

All these are "memory hard". Guess which ones are easier to make ASICs for...

I totally agree. No point investing in eth as it it also going to POS.

Monero is the next one to get an asic, I'm quite sure. 2MB of memory is a lot for an asic but can be done.

It also means that those asics will not disrupt the "scene" as much as the D3 is doing with X11. More memory means more space wasted on the silicon and less processing power per sqi.

The only issue with xmr, which might actually save it from asics is the scheduled hard forks. It would be relatively easy to modify it enough to take asics out of business, like a slight change to the algo that makes old hardware not compatible.

[garytheasshole]

Monero is memory intesive algo.

If Bitmain is able to create ASIC for memory intensive algo, probably they'll target ethereum (ethash) first

Coin                    PoW Memory requirement in MB
Litecoin                0.125
Monero                2
Ethereum             2048

All these are "memory hard". Guess which ones are easier to make ASICs for...

I totally agree. No point investing in eth as it it also going to POS.

Monero is the next one to get an asic, I'm quite sure. 2MB of memory is a lot for an asic but can be done.

It also means that those asics will not disrupt the "scene" as much as the D3 is doing with X11. More memory means more space wasted on the silicon and less processing power per sqi.

The only issue with xmr, which might actually save it from asics is the scheduled hard forks. It would be relatively easy to modify it enough to take asics out of business, like a slight change to the algo that makes old hardware not compatible.

Wouldn't a "slight" change in the algo also invalidate all previous blocks?

[bytiges]

only if you run an older version (like an asic). new versions can be adapted to use one algo till block X and another algo after.