Happy New Years! Seventh alt coin thread!

[QuintLeo]

No doubt some of the increase in hashrate is from the unprecedented success of compromising servers into XMR mining botnets, but come on, average network hashrate just 3 months ago was around 200 MH/s and now it is 1 GH/s. If half of that jump was from Vegas, and each Vega does 2 kH/s, then AMD must have sold ~400000 200000* Vegas in less than 3 months. That doesn't sound realistic to me, as that would normally be a fantastic number of sales for the entire lifecycle (~2 years) of a flagship "gaming" GPU. Then again, I can't say I would be surprised to be proven utterly and totally wrong about this. Crypto kinda defies logic (just like dotcoms did 20 years ago).

* - oops, I forgot to divide the 800 MH/s by 2... 

200,000 isn't all that big of a sales number for what is by CURRENT standards a mid-upper range gaming card - I suspect NVidia has sold a lot more 1080 models than that out of the 15-20 MILLION discrete GPUs they sold in 2017, and AMD sales appear to also have been quite a bit over 10 million - a LOT of that going to ETH miners in 4Q 2017.

It says a lot to me about sudden demand when Newegg went from having a SALE on all Vega models to completely OUT 3 or 4 days later - a month BEFORE Xmas - right in the timeframe that the "big Vega Monero hashrate" guides were getting common.

[dragonmike]

Does anyone in this experienced group know if it realistically possible that equihash can be "asiced" in the near future? I am familiar with the argument that anything can be with time, but don't know the technical details well enough to judge how close the zec devs came to long term asic resistance with equihash.

Massive amounts or RAM required makes it pretty resistant.
It's also generally strongly limited by memory access.

Really? You don't need a lot of ram to mine equihash, do you?
Neither is it an algo that profits massively from gddr/hbm speed (nor latency) from what I have experienced?...

[philipma1957]

I think I read somewhere that Bitmain probably made more then Nvidia last year.  

Rumored, but no HARD numbers are available for Bitmain.
Given they probably have a lot higher margin on their sales, their profits being higher than Nvidia in 2017 would be no shock.

I think Bitmain is buying the chips from TSMC so they are probably getting good deals on those and I would assume they have higher profits that Nvidia does.

--ypsi

they where hold a ton of coins  at the start of 2017  more then 40000 btc

so it was 900 a coin  in jan 2017

it was 19000 a coin in dec 2017


and   they added  40000 BCH  which was worth 1500 in Dec  2017

so 40000 x 900 = 36,000,000

40000 x 20500 = 820,000,000

so  just on the holding of coins  for certain  addresses they have  that is a 750million profit

not counting anything sold.

BTW  they have sold off coins  in these addresses

So  between Mt Gox and  Bitmain coin sales   this is the price drop for the market.

and a 2000usd  s-9 costs   .25 btc in march

a 3000 usd s-9 cost  .15 btc in dec


so dropping price on  coins  gets them more coins on sales.

[citronick]

Does anyone in this experienced group know if it realistically possible that equihash can be "asiced" in the near future? I am familiar with the argument that anything can be with time, but don't know the technical details well enough to judge how close the zec devs came to long term asic resistance with equihash.

Massive amounts or RAM required makes it pretty resistant.
It's also generally strongly limited by memory access.

I also note that ETH specifically has been having the "ongoing work to move to POS" happening or being discussed as "going to happen" for a couple years or so now, which probably has limited the potential market for any ASIC for the algorithm.
Probably would have ALREADY happened if it wasn't for the DAO fiasco and the fixes and testing of the fixes to cure that sort of thing.

The X16R algo, used by RVN/Ravencoin --- this coin rumored to be supported by Overstock.com

If this is not the ultimate Asics fighter.... I dont know what is!

https://ravencoin.org/wp-content/uploads/2018/01/X16R-Whitepaper-3.pdf

The X16R hashing algorithm consists of 16 hashing algorithms operating in chain
fashion with the ordering dependent on the last 8 bytes (16 nibbles) of the hash of the
previous block. The algorithms are as follows:

0=blake
1=bmw
2=groestl
3=jh
4=keccak
5=skein
6=luffa
7=cubehash
8=shavite
9=simd
A=echo
B=hamsi
C=fugue
D=shabal
E=whirlpool
F=sha512

Example:
Previous Block Hash:
0000000000000000007e8a29f052ac2870045ae3970270f97da00919b8e86287

The final 8 bytes: 0x7da00919b8e86287

Each hex digit (nibble) determines which algorithm to use next.

cubehash -> shabal -> echo -> blake -> blake -> simd -> bmw -> simd -> hamsi ->
shavite -> whirlpool -> shavite -> luffa -> groestl -> shavite -> cubehash

[leonix007]

I think I read somewhere that Bitmain probably made more then Nvidia last year.  

Rumored, but no HARD numbers are available for Bitmain.
Given they probably have a lot higher margin on their sales, their profits being higher than Nvidia in 2017 would be no shock.

I think Bitmain is buying the chips from TSMC so they are probably getting good deals on those and I would assume they have higher profits that Nvidia does.

--ypsi

Hmmnn, Guys Bitmain X3 already gone on their product list, do you have any news of it?


https://shop.bitmain.com/


Edit: seems its only a sites glitch, they lowered price for 3K on batch 3

[QuintLeo]

Does anyone in this experienced group know if it realistically possible that equihash can be "asiced" in the near future? I am familiar with the argument that anything can be with time, but don't know the technical details well enough to judge how close the zec devs came to long term asic resistance with equihash.

Massive amounts or RAM required makes it pretty resistant.
It's also generally strongly limited by memory access.

Really? You don't need a lot of ram to mine equihash, do you?
Neither is it an algo that profits massively from gddr/hbm speed (nor latency) from what I have experienced?...

3 GB is a lot more RAM than any FPLA has.
Might still be able to get away with 2GB on some of the "spinoff" coins though.

[QuintLeo]

The X16R algo, used by RVN/Ravencoin --- this coin rumored to be supported by Overstock.com

If this is not the ultimate Asics fighter.... I dont know what is!

X15 with one algorithm added, not that big of a deal for an ASIC.
It would get a LITTLE more complicated with the "order switch" stuff but not all THAT much so.

Not even close to being any more ASIC resistant than X15 is (note that the ORIGINAL Baikal did X15).

[Ilan123]

Days after Bitmain has released the X3

DragonMint X1 (April)

From: $1,599.00

Cryptonite POW miner.

Algorithm: CryptoNight
Hashrate: 124kh/s
Power consumption: 245W
Shipping: April 25-30
Tolerance: 6%

[philipma1957]

will be interesting to see the moves getting done in the next 2 months in the war of asics vs gpus


Just remember

 Asics = shit warranties from chinese companies

gpus = real warranties from companies like evga



and you 110% tdp miners stop already  although I am sure you will go to 115%

[Storx]

Some interesting info floating around...

Rumor floating around that Genesis Mining is in partnership with Bitmain, that Genesis Mining owns up to 60% of GPU's from the last 5 latest GPU releases...

This info is actually interesting, ive never understood why Genesis Mining has stuck to GPU's for most of the expansions they have done to the warehouses.. It just seems more economical to purchase ASIC's for the contracts as they would be able to maintain them and operate them at a more dense operations, but it seems they mostly structure around the use of GPU's. So the rumor is that Bitmain is using its deep pockets on new GPU releases to buy out most of all supply for the first months, then using this period to push ASIC's to the public, which are marked up high enough to cover the cost of monopolizing the GPU supply in which they are able to sell them at a huge profit over time as the prices of GPU's skyrocket due to supply and demand.

Bitmain is splitting part of its business to Washington State......

https://www.youtube.com/watch?v=z3g726QtaM0

[arielbit]

will be interesting to see the moves getting done in the next 2 months in the war of asics vs gpus


Just remember

 Asics = shit warranties from chinese companies

gpus = real warranties from companies like evga



and you 110% tdp miners stop already  although I am sure you will go to 115%

even modified gpus like pandaminer didn't pass my scrutiny....i was skeptical with its quality and warranties.

spending extra for durability, warranty and flexibility is a must for me..

I still have unopened titanium ax1500 psu's.... and cablemod pcie cables with extra length (ax1500 compatible) shipment is arriving today, gonna buy another set of pcie risers....acquiring and getting ready to assemble for the next best gpu card..

target: max density, max efficiency, better temps will be the next step..

gpus are somewhat-sometimes a long term tool, successful POW alt coins always passes thru gpu mining phase before getting asic'd.

if crypto market was played correctly and sometimes got lucky..for me with those profits, I don't care about the price anymore..I want the reasonably best gpu/psu.

[QuintLeo]

Does anyone in this experienced group know if it realistically possible that equihash can be "asiced" in the near future? I am familiar with the argument that anything can be with time, but don't know the technical details well enough to judge how close the zec devs came to long term asic resistance with equihash.

Massive amounts or RAM required makes it pretty resistant.
It's also generally strongly limited by memory access.

Really? You don't need a lot of ram to mine equihash, do you?
Neither is it an algo that profits massively from gddr/hbm speed (nor latency) from what I have experienced?...

I was confused, keep thinking equihash not ethash.

[QuintLeo]

Bitmain is splitting part of its business to Washington State......

https://www.youtube.com/watch?v=z3g726QtaM0

Appears to be setting up something in the Walla Walla area - which does NOT have super-low electric rates, poor choice of location IMO.
Can't check the business registration with the State of Washington right now as their system is down for upgrades 'till Monday - but 3'd party sites show the Ant Creek LLC being registered by Jihan (might be a different one, but what are the odds?).

[philipma1957]

Bitmain is splitting part of its business to Washington State......

https://www.youtube.com/watch?v=z3g726QtaM0

Appears to be setting up something in the Walla Walla area - which does NOT have super-low electric rates, poor choice of location IMO.
Can't check the business registration with the State of Washington right now as their system is down for upgrades 'till Monday - but 3'd party sites show the Ant Creek LLC being registered by Jihan (might be a different one, but what are the odds?).

Dual location in the state of Washington could allow for cheaper rate

[proteus7]

Kayden, do you have performance for P102-100 in Skein, X17, Lyra2z, Lyra2v2, EQHash and Phi? Eth isn't profitable anymore...
Thanks!

P102 eth performance from my factory source. $700 usd, but have to pre-order now and receive in early May.

...

Seems less efficient in terms of hash/watt compared to P104 which can do 37mh/s at 120w.

This is tempting, but I'm holding off expansion till end of GTC. Next gen just around the corner.

whats the minimum qty for pre-order?

I asked pricing for 80pcs and was quoted $700. It should get slightly cheaper (expensive) if the quantity increases (decreases). Didn't ask for the minimum qty though.

It's good density, but 2x 580s is a better deal imo. It needs to be $600 or lower,  unless resale value is no issue for you then it can be seen as a msrp 1080ti with better eth performance.

[Storx]

Kayden, do you have performance for P102-100 in Skein, X17, Lyra2z, Lyra2v2, EQHash and Phi? Eth isn't profitable anymore...
Thanks!

P102 eth performance from my factory source. $700 usd, but have to pre-order now and receive in early May.

...

Seems less efficient in terms of hash/watt compared to P104 which can do 37mh/s at 120w.

This is tempting, but I'm holding off expansion till end of GTC. Next gen just around the corner.

whats the minimum qty for pre-order?

I asked pricing for 80pcs and was quoted $700. It should get slightly cheaper (expensive) if the quantity increases (decreases). Didn't ask for the minimum qty though.

It's good density, but 2x 580s is a better deal imo. It needs to be $600 or lower,  unless resale value is no issue for you then it can be seen as a msrp 1080ti with better eth performance.

You could try mining ravencoin, ive been mining it the past week with no cashouts since the market is in a bloodbath at the moment for mining earnings and based on my shares... im doing pretty good, but my hopes are for the value of it to climb... gonna HODL for these coins...

my 1080ti's are averaging 125-140/day currently, which puts it around $2.50/day per card..

[citronick]

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You could try mining ravencoin, ive been mining it the past week with no cashouts since the market is in a bloodbath at the moment for mining earnings and based on my shares... im doing pretty good, but my hopes are for the value of it to climb... gonna HODL for these coins...

my 1080ti's are averaging 125-140/day currently, which puts it around $2.50/day per card..
.
.

Downloaded the RVN-Qt wallet and my modest NVIDIA farm to yiimp.eu

SMOS's latest ccminer v225 can do X16R so all is well

[QuintLeo]

Bitmain is splitting part of its business to Washington State......

https://www.youtube.com/watch?v=z3g726QtaM0

Appears to be setting up something in the Walla Walla area - which does NOT have super-low electric rates, poor choice of location IMO.
Can't check the business registration with the State of Washington right now as their system is down for upgrades 'till Monday - but 3'd party sites show the Ant Creek LLC being registered by Jihan (might be a different one, but what are the odds?).

Dual location in the state of Washington could allow for cheaper rate

The article I found suggested they were setting up a farm in Walla Walla - their listed "official contact location" is in a Tacoma area small city, so they're ALREADY dual located as a minimum.

I'd guess they're on a "contract" rate not a standard one - but they're probably still 5 cents more or less per KWH given that the quoted "largest consumption industrial" type rate for that area is somewhat more than 5.

[philipma1957]

Bitmain is splitting part of its business to Washington State......

https://www.youtube.com/watch?v=z3g726QtaM0

Appears to be setting up something in the Walla Walla area - which does NOT have super-low electric rates, poor choice of location IMO.
Can't check the business registration with the State of Washington right now as their system is down for upgrades 'till Monday - but 3'd party sites show the Ant Creek LLC being registered by Jihan (might be a different one, but what are the odds?).

Dual location in the state of Washington could allow for cheaper rate

The article I found suggested they were setting up a farm in Walla Walla - their listed "official contact location" is in a Tacoma area small city, so they're ALREADY dual located as a minimum.

I'd guess they're on a "contract" rate not a standard one - but they're probably still 5 cents more or less per KWH given that the quoted "largest consumption industrial" type rate for that area is somewhat more than 5.

Sounds dumb  but 5 cents for them is like 3 cents for a normal farm.

Their cost of gear is really low..  They  have sold s-9's under 1400  my guess is they can ship them  to the USA into their farm at 600 a unit maybe as low as 450 per unit.  That is a huge edge over any mining farm.

They still mine s-7's at hashnest  how many are really there?  with the dump of the V9 miner I would think  every s-7 they have on hashnest is an s-7 in name only. 

They charge 71.44%  for maintenance

on the s-9   they charge  33.11% for maintenace

So they  are robbing a shit of money with zero audits and transparency is non existent in this case.

[adaseb]

I like this thread. Seems to be the only mature thread out of the Mining section.

Reminds me of the Wall Observer in the Bitcoin Speculation section.

Anyways.

For all you guys running the old and trusty R9 290. What is the best undervolt you can get.

I am running some at 0.96Volts at 947/1250 and GPUz says 85 Watts ( from wall most likely double this value)

Anyone manage to get it stable at lower voltages?