Happy New Years! Seventh alt coin thread!

[Haruderty]

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

The only way to properly "resist" would be to fundamentally change algo and pick something like x16r which constantly changes. I can only hope for Monero that they always had the option to easily switch to MoneroV as emergency procedure... But to be properly asic resistant they'd need a more fundamental change.

I like your approach though. Re-trench, focus, hodl!

Can they increase the memory usage requirement faster so that only big memory card can run. That will increase the cost of FPGA or ASIC miners.

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[philipma1957]

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins

Work to change coins and holding  the coins is a bit too much.
I have mined other coins  and I hold a bit.  But frankly I do a lot of stuff  that consumes time.
Most all my holdings are in btc.

and at this time  I am more in cash then other coins.

[citronick]

Cryptomined posted the review here -- https://www.youtube.com/watch?v=eI9h9du80Mo

This could be an interesting project...

See Cryptomined Youtube
https://www.youtube.com/watch?v=zLQwwZMas1k

BTC B250C 12 GPU USB3.0-PCIE MOTHERBOARD

[Elder III]

We will probably try to go riser free for any future additions or upgrades, but having the USB ports does eliminate one possible point of failure with the current riser setup, so this does have some appeal just for that (a + for high capacity too).

[citronick]

Monero Team has already stated that they will not hesitate to fork if ASIC players manufactures XMR/Cryptonote miners.

This makes me very happy to hear. Makes me even more bullish on Monero.

https://twitter.com/fluffypony/status/963163574918156294

Love it. Just love it. I should have more XMR than I do...

Go buy some!

There's about 2 dozen projects I want at the moment..

Monero team will change POW algo at every fork to fight ASICs

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

"...Patches will be available for the following software: zone117x's pool, Snipa's pool, Lucas Jones' CPU miner, wolf0's CPU miner, ccminer-cryptonight, sgminer-gm, xmr-stak, xmrig-nvidia, wolf-xmr-miner...."

[Marvell2]

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

I agree with this strategy, our fam is at 11ghs eth and 450ghs blake b2 dual mining verge
mostly rx cards , were not buying any more hardware, i think the strat now is to accumulate low priced coins
and wait a few months for the landscape to settle.

we are working on improving cooling, 20k btu lowe power split ac systems for around $2399 each , that way we can dual mine all summer and hold a ton of verge,dgb and sia with our A3s

its a bad time to expand even gpu operations since no one knows if supply will even out when the next gen nvidia cards come out in April.

Infrastructure investments always pan out mo matter what i have found its a good call

[citronick]

My group just had a discussion on a contingency plan due to the introduction of Baikal N and impact on difficulty/profitability in coming weeks once these miners hit the streets. Baikal confirmed to one of our members that shipping starts in 1 week.

We predict a bloodbath in the cryptonite world - similar to what happened in LBRY, SIA, BlakeXXXX, Skein coins because of A3s, Baikal B's and X10s.

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

While the group will likely invest in "a batch" of Baikal Ns, we have decided to upgrade our power infrastructure in the GPU farms and go all out on ETH (both AMD and NVIDIA farms), assuming that Dagger coins will still remain profitable (and Casper is still a year away). This is like going back to our mining strategy circa 2016.

Also, to continue expanding the SHA256 and L3+ farms as 1st priroty... and halt ALL GPU projects for now until the battleground settles...

Given... still a strong BTC value beyond 2018, its important to remember that accumulation of BTC is still the main objective of long term mining, regardless of what alts/coins that we mine.

In these turbulent times... I want to quote Phil's analogy "... As I see Bitcoin as the super highway and alt coins as taxis and trucks needed to move transactions..."

Good luck and great mining to everyone.

I agree with this strategy, our fam is at 11ghs eth and 450ghs blake b2 dual mining verge
mostly rx cards , were not buying any more hardware, i think the strat now is to accumulate low priced coins
and wait a few months for the landscape to settle.

we are working on improving cooling, 20k btu lowe power split ac systems for around $2399 each , that way we can dual mine all summer and hold a ton of verge,dgb and sia with our A3s

its a bad time to expand even gpu operations since no one knows if supply will even out when the next gen nvidia cards come out in April.

Infrastructure investments always pan out mo matter what i have found its a good call

the new NVIDIA Volta architecture cards "Turing" will be likely out by July (according to Cryptomined's insider news) and power consumption was rumored to be biggest improvement - looking forward to this.

[philipma1957]

yeah I will mine and hold. 

setup an L3+
I think I will order a second L3+
Dragon mint should send demo soon.

Maybe get 2 -3 avalon 841's

[QuintLeo]

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins

Can't speak to phil, but I've found that those "higher profit" coins only tend to be higher profit for a day or two, then everyone "discovers" them swarms them and swamps the profitability back down to the "basket" range.
Too much work for me to "chase the profit" any more, as a general rule.

[QuintLeo]

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

Seems odd that Baikal would release a FPGA miner at this point, everything else they have done to date was ASIC.

[philipma1957]

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

Seems odd that Baikal would release a FPGA miner at this point, everything else they have done to date was ASIC.

Yeah but maybe they want to chase the forks  with firmware updates  as FPGA can be programed fairly easily .

This would prove interesting game to see how many forks kill the miner or does the miner hunt done and kill the coin.

Also I have 3 simple mining accounts 20 rigs among them

directed to 4 nicehash addresses.

there is no freaking way I can track all of that unless I do 1 coin.

the addresses  are for multiple people I have deals with.

I have many deals that the other person pays power and gets ½ the coins I provide the gear.

it works for both people   even with a 1080ti paying only 2 bucks a day.
2 in a rig = 4 bucks x 30 = 120   that is 60 usd each every month.  the owner me paid for a rig .

the power guy  pays about 10kwatts a day or 300 kwatts a month here in NJ  it is 30 in the winter and about 50 in the summer

so 7 months of 30 = 210 + 5 months of 50 = 250  power total is 460  but earning 60 x 12 = 720

so pay 460 in power and earn 720 in coin for the host.

me Pay 2k for the rig and earn 720 each year seems like a bad deal for me but with sales of rigs  and timing upgrades I make out.  As the 2k  gets spent 1 time and gear rotates with sale of it.

so 2 k can earn me 720 for 4 or 5 years.  and many days 1080ti's earned 6, 7, 8 ,9 even 10 dollars  which really make good money for me and the host.

[citronick]

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

Seems odd that Baikal would release a FPGA miner at this point, everything else they have done to date was ASIC.

I think their earlier models were already FPGAs - I recall flashing older Minis to add algos and profit-switching using the supplied serial cable.

I have a few Minis with old v1.1 firmware version that only mine X11 when I got them (end-2016?) and after flashing them, they can mine X11, X13, X14, X15, Qubit, Quark algos, just like subsequent models like Quads and A900, A2000. The Giant series started the inclusion of the other funky algos we know today.

I rather get Baikals due to the multi-algo features VS Bitmain's ASIC single-algo miner = value for money.

FPGA is a good differentiator for Baikals - Baikal should stick to FPGA miners since they got well-known because of that.

The older Minis, Quads and A900s are still hard at work mining X13 - they consume very little power and we just left it alone doing its thing at one corner of the warehouse.

The Baikals have good quality parts and build and I have no issues getting help from tech support if needed. They even sent me spare Pi controllers, cables, etc.

[philipma1957]

Monero will try to resist by forking but Baikals are FPGAs and can be upgraded (unlike hardcoded ASICs, that probably explains why Bitmain is not even in play for a XMR ASICs).

Seems odd that Baikal would release a FPGA miner at this point, everything else they have done to date was ASIC.

I think their earlier models were already FPGAs - I recall flashing older Minis to add algos and profit-switching using the supplied serial cable.

I have a few Minis with old v1.1 firmware version that only mine X11 when I got them (end-2016?) and after flashing them, they can mine X11, X13, X14, X15, Qubit, Quark algos, just like subsequent models like Quads and A900, A2000. The Giant series started the inclusion of the other funky algos we know today.

I rather get Baikals due to the multi-algo features VS Bitmain's ASIC single-algo miner = value for money.

FPGA is a good differentiator for Baikals - Baikal should stick to FPGA miners since they got well-known because of that.

The older Minis, Quads and A900s are still hard at work mining X13 - they consume very little power and we just left it alone doing its thing at one corner of the warehouse.

The Baikals have good quality parts and build and I have no issues getting help from tech support if needed. They even sent me spare Pi controllers, cables, etc.

Maybe I will get you to pick some up for me.



As to how I run only nicehash and equihash.

 I have a lot of accounts like this:

It is 1 omen gamer pc  with 11 months on warranty  paid for with sales of some 1070tis.
So  even though it was 2325 - 195 in coupons net 2130  that 2130 is  rolled back from the 1070ti sales.  So it is roi already.  and

it now earns 122  a month  61 for me  and  30 for host after he pays for power.

This business model works  and is why I can sell gear on this site at really good prices over and over and over and over again.  As I am in sales  as much as I am in mining.  Or maybe more in sales then mining  Except for  Nov 2017 and Dec 2017 where mining  profits were huge

[arielbit]

me? I'm waiting for the next gen top of the line nvidia 2080 ti and buy many and/or wait for 1080 ti panic sell and buy many..call it a year..see you all again for the next big thing hehehe  

    yeah  all I have are 1080ti's  so since they are 11gb memory

  I would hope for a fork of equihash and of monero  maybe  a few other al-gore-rythm's  will let them keep value.

I may be shifting to sha-256  once I get some dragonmints and maybe avalon 841s

you must be enjoying now the advantage of having solar power hehe..... that's the way to go..

[QuintLeo]

I have a few Minis with old v1.1 firmware version that only mine X11 when I got them (end-2016?) and after flashing them, they can mine X11, X13, X14, X15, Qubit, Quark algos, just like subsequent models like Quads and A900, A2000. The Giant series started the inclusion of the other funky algos we know today.

Do note that all of the algorithms the "mini" was ever able to mine are PART OF the X15 algorithm (all of the X-series algos "include" a specified number of different algos used in series in a specific order on the datastream - and the "higher number" ones are the same as the earlier ones with certain algos added).

Ditto the "mini" derived models like the Quads and the A900 and A2000.

I've always thought, based on relative hashrates for some of the algos, that they used an ASIC but allowed the controller access to "input" and "output" taps at the borders of each X15 component algo (or at least the ones that were used independently).

[vg54dett]

With all that bad news, I'm thinking about to sell my few Rx470s 4gb.

Philip, what price would you suggest me ?

4gb

https://www.ebay.com/itm/SAPPHIRE-Radeon-RX-470-DirectX-12-100407-4GOCL-4GB-256-Bit-GDDR5-PCIe-Video-Card/123013197478?

https://www.ebay.com/itm/XFX-Radeon-RX-470-DirectX-12-RX-470P4SFD5-4GB-256-Bit-GDDR5-PCI-Express-3-0-HDCP/323135331809?

https://www.ebay.com/itm/XFX-Radeon-RX-470-RS-Triple-X-DirectX-12-RX-470P436BM-4GB-256-Bit-GDDR5-PCI-Expr/323135334800?


8gb

https://www.ebay.com/itm/MSI-Radeon-RX-470-DirectX-12-RX-470-GAMING-X-8G-8GB-256-Bit-GDDR5-PCI-Express-3/323135329064?


you would need to be lower then the prices above. since the ones above can be returned and if you are taking btc you could deny a return

Thanks Phil,
With summer heat coming and uncertainity about future mining, I think I will get rid of some GPUs as some people with better facilities than me seems still able to expand, considering current unavailabilities!
In Europe, you cannot find a brand new RX570 under $400 currently, and you have to be lucky. And used ones are at the same price. You US guys can actually get better deals with Ebay than us!

[philipma1957]

With all that bad news, I'm thinking about to sell my few Rx470s 4gb.

Philip, what price would you suggest me ?

4gb

https://www.ebay.com/itm/SAPPHIRE-Radeon-RX-470-DirectX-12-100407-4GOCL-4GB-256-Bit-GDDR5-PCIe-Video-Card/123013197478?

https://www.ebay.com/itm/XFX-Radeon-RX-470-DirectX-12-RX-470P4SFD5-4GB-256-Bit-GDDR5-PCI-Express-3-0-HDCP/323135331809?

https://www.ebay.com/itm/XFX-Radeon-RX-470-RS-Triple-X-DirectX-12-RX-470P436BM-4GB-256-Bit-GDDR5-PCI-Expr/323135334800?


8gb

https://www.ebay.com/itm/MSI-Radeon-RX-470-DirectX-12-RX-470-GAMING-X-8G-8GB-256-Bit-GDDR5-PCI-Express-3/323135329064?


you would need to be lower then the prices above. since the ones above can be returned and if you are taking btc you could deny a return

Thanks Phil,
With summer heat coming and uncertainity about future mining, I think I will get rid of some GPUs as some people with better facilities than me seems still able to expand, considering current unavailabilities!
In Europe, you cannot find a brand new RX570 under $400 currently, and you have to be lucky. And used ones are at the same price. You US guys can actually get better deals with Ebay than us!

you guys have that vat markup    so 300 here is at least 350-375 by you!

[philipma1957]

me? I'm waiting for the next gen top of the line nvidia 2080 ti and buy many and/or wait for 1080 ti panic sell and buy many..call it a year..see you all again for the next big thing hehehe  

    yeah  all I have are 1080ti's  so since they are 11gb memory

  I would hope for a fork of equihash and of monero  maybe  a few other al-gore-rythm's  will let them keep value.

I may be shifting to sha-256  once I get some dragonmints and maybe avalon 841s

you must be enjoying now the advantage of having solar power hehe..... that's the way to go..

it is the only way for me to survive at this.  if we keep under the 18-20kwatts it is 'free' power

[grchina]

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins

Can't speak to phil, but I've found that those "higher profit" coins only tend to be higher profit for a day or two, then everyone "discovers" them swarms them and swamps the profitability back down to the "basket" range.
Too much work for me to "chase the profit" any more, as a general rule.

Yeah i get that part but still mining zec is on the lower part of profit..how about using multi pool/algo switchers like sniff dog or nplus miner,what do you think about them or is too much stress on gpus?

[Storx]

Phill i have a question for you,i follow your threads and most of the time you say that you either point your rigs towards nicehash or you mine zec but dont see you mentioning mining other coins that bring more profit like signatum bitcore and raven durring that period.So i was wondering is there some special reason behind that like you think zec will be huge or you just dont love shitcoins

Can't speak to phil, but I've found that those "higher profit" coins only tend to be higher profit for a day or two, then everyone "discovers" them swarms them and swamps the profitability back down to the "basket" range.
Too much work for me to "chase the profit" any more, as a general rule.

Yeah i get that part but still mining zec is on the lower part of profit..how about using multi pool/algo switchers like sniff dog or nplus miner,what do you think about them or is too much stress on gpus?

personally i dont think its to much stress on the gpu, i run all my gpu's on profit switching with awesome miner, once you get your settings setup per algo correctly and not try to push the limits to the max on everything, then you get reliable service from switching, i get weeks to months between hiccups on my rigs, most of the time the hiccup is due to some sort of windows update hijacking my rigs even tho i turned off updates and such. just annoyed with windows on this...