Happy New Years! Seventh alt coin thread!

[philipma1957]

@phillip, The ravens have answered your prayers: https://github.com/RavenProject/Ravencoin/blob/master/roadmap/README.md

Their plan is to swap algos which is just as good as anything However sooner or later we will be seeing FPGAs or even ASICs where they can remotely update the firmware with new algos, remove algos, etc... So the cat and mouse game is on. I am happy with where this is heading!

Damn that is a promising roadmap! Now if only they had Masternodes on there.. 

good and price went up a bit

I am holding some and mining some.

now if I could figure why I can't get ethos to work on the 16 gpu unit  it would be nice.

[MagicSmoker]

I just did some due diligence on RavenCoin and all I can say is, best of luck to you all mining it, because it looks like a train wreck to me. Two different ANN threads with lots of infighting, questionable mining software, and the coin itself doesn't really seem any different from any other random shitaltcoin. I'm going to stick to DERO, ZEN & ITNS. And MUSIC!

EDIT - this sounds a bit harsh/combative upon re-reading it, and that's not the intended spirit; rather, I'd very much like to hear the counterarguments in favor of RVN, because from my (admittedly jaundiced/cynical) perspective it only seems have the support of the CEO of Overstock.com who is, let's say, a rather colorful character (or a crackpot, if you prefer).

[vg54dettrecover]

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Ethereum Asic is for sale on Bitmain site ...

[soothaa]

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Ethereum Asic is for sale on Bitmain site ...

Not really an ASIC.

180 MHs
800w

(6) RX580s will do:
180MHs
~800w

Sure this is a single box and the cost is way better.

[N2DCRYPT]

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Ethereum Asic is for sale on Bitmain site ...

Not really an ASIC.

180 MHs
800w

(6) RX580s will do:
180MHs
~800w

Sure this is a single box and the cost is way better.

But no resale value and no algo flexibility... plus the shipping delay. I wouldn't buy it for sure.

[rdluffy]

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Ethereum Asic is for sale on Bitmain site ...

Not really an ASIC.

180 MHs
800w

(6) RX580s will do:
180MHs
~800w

Sure this is a single box and the cost is way better.

This is an E3 miner...I think that they will launch an F3 later

[crazydane]

Already sold out...

[citronick]

Already sold out...

I got one, and paid BCH for it..... sigh.... I feel so dirty now.

180MH - 800 bucks thats like a 800$ rig in a shoe box

Shipping: 16-31 July. No shipping to HK, Macau, Taiwan

[lanciaominer]

lol lmao i love your statement about feeling so dirty  , do update us on your findings of the unit when it arrives. i'll feel dirty as well if i had ordered 

[generalt]

Already sold out...

I got one, and paid BCH for it..... sigh.... I feel so dirty now.

180MH - 800 bucks thats like a 800$ rig in a shoe box

Shipping: 16-31 July. No shipping to HK, Macau, Taiwan

Were you able to use a coupon for them?

Edit:  NVM I found out they don't take coupons for these.

[Tecmand]

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Ethereum Asic is for sale on Bitmain site ...

Not really an ASIC.

180 MHs
800w

(6) RX580s will do:
180MHs
~800w

Sure this is a single box and the cost is way better.

This is an E3 miner...I think that they will launch an F3 later

If there is PoW algorithm change, there will be no F3. I hope ETH will change the PoW algorithm.

[fr4nkthetank]

I just did some due diligence on RavenCoin and all I can say is, best of luck to you all mining it, because it looks like a train wreck to me. Two different ANN threads with lots of infighting, questionable mining software, and the coin itself doesn't really seem any different from any other random shitaltcoin. I'm going to stick to DERO, ZEN & ITNS. And MUSIC!

EDIT - this sounds a bit harsh/combative upon re-reading it, and that's not the intended spirit; rather, I'd very much like to hear the counterarguments in favor of RVN, because from my (admittedly jaundiced/cynical) perspective it only seems have the support of the CEO of Overstock.com who is, let's say, a rather colorful character (or a crackpot, if you prefer).

Ok, if you are mining you dont really care about that stuff.  I just dont like the inflation on the coin, with no planned "deflation" aka a la Bitcoin.  But miners are getting shafted with the ASIC invasion so they seek new innovations with ASIC resistant properties, for, well, the decentralized ideology and all.  So they will mine RVN, they will create demand for it, they will pump it.  Im pretty sure of it.  Mine when difficulty is low and sell when price is high.  Of course I get that right about 0.1% of the time.

[citronick]

I just did some due diligence on RavenCoin and all I can say is, best of luck to you all mining it, because it looks like a train wreck to me. Two different ANN threads with lots of infighting, questionable mining software, and the coin itself doesn't really seem any different from any other random shitaltcoin. I'm going to stick to DERO, ZEN & ITNS. And MUSIC!

EDIT - this sounds a bit harsh/combative upon re-reading it, and that's not the intended spirit; rather, I'd very much like to hear the counterarguments in favor of RVN, because from my (admittedly jaundiced/cynical) perspective it only seems have the support of the CEO of Overstock.com who is, let's say, a rather colorful character (or a crackpot, if you prefer).

Ok, if you are mining you dont really care about that stuff.  I just dont like the inflation on the coin, with no planned "deflation" aka a la Bitcoin.  But miners are getting shafted with the ASIC invasion so they seek new innovations with ASIC resistant properties, for, well, the decentralized ideology and all.  So they will mine RVN, they will create demand for it, they will pump it.  Im pretty sure of it.  Mine when difficulty is low and sell when price is high.  Of course I get that right about 0.1% of the time.

Another experiment.... PIGN (pigeon coin) is on the loose using X16S algorithm..... uncanny features similar to Ravens but instead of X16R for "random".... its using X16S for "shuffle".... something is telling me someone is doing a live "bird" experiments in the mining community perhaps in a quest to see which algo is truly ASIC resistant...
 

[philipma1957]

I just did some due diligence on RavenCoin and all I can say is, best of luck to you all mining it, because it looks like a train wreck to me. Two different ANN threads with lots of infighting, questionable mining software, and the coin itself doesn't really seem any different from any other random shitaltcoin. I'm going to stick to DERO, ZEN & ITNS. And MUSIC!

EDIT - this sounds a bit harsh/combative upon re-reading it, and that's not the intended spirit; rather, I'd very much like to hear the counterarguments in favor of RVN, because from my (admittedly jaundiced/cynical) perspective it only seems have the support of the CEO of Overstock.com who is, let's say, a rather colorful character (or a crackpot, if you prefer).

Ok, if you are mining you dont really care about that stuff.  I just dont like the inflation on the coin, with no planned "deflation" aka a la Bitcoin.  But miners are getting shafted with the ASIC invasion so they seek new innovations with ASIC resistant properties, for, well, the decentralized ideology and all.  So they will mine RVN, they will create demand for it, they will pump it.  Im pretty sure of it.  Mine when difficulty is low and sell when price is high.  Of course I get that right about 0.1% of the time.

Another experiment.... PIGN (pigeon coin) is on the loose using X16S algorithm..... uncanny features similar to Ravens but instead of X16R for "random".... its using X16S for "shuffle".... something is telling me someone is doing a live "bird" experiments in the mining community perhaps in a quest to see which algo is truly ASIC resistant...
 

Was it a little birdy?  or a stool pigeon  

I have about 2500 raven coins on hodl.

And shame on you  a bitmain eth miner.

BTW I just got my 9th LT3+

[Max Likelihood]

I just did some due diligence on RavenCoin and all I can say is, best of luck to you all mining it, because it looks like a train wreck to me. Two different ANN threads with lots of infighting, questionable mining software, and the coin itself doesn't really seem any different from any other random shitaltcoin. I'm going to stick to DERO, ZEN & ITNS. And MUSIC!

EDIT - this sounds a bit harsh/combative upon re-reading it, and that's not the intended spirit; rather, I'd very much like to hear the counterarguments in favor of RVN, because from my (admittedly jaundiced/cynical) perspective it only seems have the support of the CEO of Overstock.com who is, let's say, a rather colorful character (or a crackpot, if you prefer).

I noticed this myself. OTH, there are some successful coins with infighting too (sometimes culminating in forks) though it does look bad in public (hard to hide sometimes though). The overstock thing and MIT link to algo are X factors. Possibly the seeds of something special, possibly not. I'm mining and watching carefully.

[QuintLeo]

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Ethereum Asic is for sale on Bitmain site ...

Not really an ASIC.

180 MHs
800w

(6) RX580s will do:
180MHs
~800w

Sure this is a single box and the cost is way better.

I suspect it might be an actual ASIC, due to the price - but as it doesn't even match my PREDICTED performance or that one video posted (that was supposed to be for a "F3 model" anyway) it's certainly not a GPU killer.

A well tuned 6 card GTX 1070 rig will pull 186+ Mhash at about 700 watts (my 5 card rigs only manage 156 at 700 but that's with a HIGH power usage CPU mining Monero at the same time).

The PRICE however does make it attractive, if enough of the ethash coins don't fork soon and you have low enough power cost and the coin pricing doesn't keep dropping (we DID have a small rebound the last couple days).


It would take over a MILLION of these units being sold to manage 50% of ETH total network hashrate (then a couple hundred thousand MORE for the other ethash spinoff coins like ETC) - this is barely even going to DENT GPU mining profitabilty at the typical number of units Bitmain sells in a batch.


The question at this point becomes "is there something better in the Bitmain labs that they haven't released yet, how much better IF so, and when and what price will THAT get released at".

[UrsaUrsa]

I just did some due diligence on RavenCoin and all I can say is, best of luck to you all mining it, because it looks like a train wreck to me. Two different ANN threads with lots of infighting, questionable mining software, and the coin itself doesn't really seem any different from any other random shitaltcoin. I'm going to stick to DERO, ZEN & ITNS. And MUSIC!

EDIT - this sounds a bit harsh/combative upon re-reading it, and that's not the intended spirit; rather, I'd very much like to hear the counterarguments in favor of RVN, because from my (admittedly jaundiced/cynical) perspective it only seems have the support of the CEO of Overstock.com who is, let's say, a rather colorful character (or a crackpot, if you prefer).

I noticed this myself. OTH, there are some successful coins with infighting too (sometimes culminating in forks) though it does look bad in public (hard to hide sometimes though). The overstock thing and MIT link to algo are X factors. Possibly the seeds of something special, possibly not. I'm mining and watching carefully.

I spent a bit of time on their discord channels. Yes, there is some drama going on or rather was going on. The main discord was disbanded due to one of the community leaders who used to help the project in the very beginning going rogue. He was the admin of that channel. They also attributed today's dump to him selling all his holdings. (His name is Kai, don't know him) There are two main channels, one with the devs and the other one with @enemy. (As far as i can see) I do not think this is any threat to the project as the devs are still there and very active. It's actually a really nice community with a very few idiots.

Brian, the author of nevermore even told us how he got screwed over by someone with his sgminer. Spent two weeks on it, sent it out for beta testing and someone submitted it as their own and got the 25k raven bounty instead of him. Low blow but he was a bit silly.

All in all I still have faith in the project, they do have a plan for ASIC resistance as well. I'll continue mining it.

[citronick]

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.
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And shame on you  a bitmain eth miner.

BTW I just got my 9th LT3+

LOL... I couldn't help it... curiosity killed the ravens :-)

I told my group, I need to dip into the cookie jar to get a unit...

While 6xGPU vs this Asics in comparison, apart from pricing... the bigger winner here is in the aspect of cooling and small footprint.

A Delta 2400 server PSU can safely power 2 of these puppies.

So this will fit nicely into large farms, as usual ie. Bitmain's shoebox format.

I bet the 1.5GH F3s will be 1500$... slightly under 2 x E3.... well played Bitmain.

[QuintLeo]

I'm starting to wonder if the rumored "F3" is NOT an ETH miner.
Nist5 or Lyra2RE2 perhaps?

Hashrate from that video is way too high for it to be an equhash (ZEC/ZEN and such) miner.

[crazydane]

Here's a pretty cool website that shows real-time earnings for all ASIC miners, including the ones that have not been released yet.

https://www.asicminervalue.com/

Scroll to the bottom to enter your electricity cost.