Baikal Giant N - Cryptonight, Cryptonight-lite FPGA/ASIC miner

[whitefire990]

nicehash working for giant N ?
or wich pool use ?

I have been using Nicehash for my two Giant-N.  It worked flawlessly so far.  So far I made $610 on 2 x Giant-N.

I don't use Nicehash for any other rigs though... but for Cryptonight it seems good.

[superminator]

Any news of change of algorithm to CryptonightV7 of Karbo (KRB), Electroneum (ETN), Bytecoin (BCN), Dinastycoin (DCY) and DigitalNote (XGN)??.

Are there other coins with cryptonight algorithm?.

Is it still viable to buy a baikal for about $ 1000?.

Best regards.

[MagicSmoker]

Any news of change of algorithm to CryptonightV7 of Karbo (KRB), Electroneum (ETN), Bytecoin (BCN), Dinastycoin (DCY) and DigitalNote (XGN)??.

Are there other coins with cryptonight algorithm?.

Is it still viable to buy a baikal for about $ 1000?.

Best regards.

Sorry, but it looks like you are too late. Only tiny market cap coins are left that are still running the original CN algo and it sure looks like ASICs have found them because the network hashrates (and difficulty) of two that I watch (ITNS & DERO) have gone up by >10x over the last two days.

Both of those coins are barely worth mining now, even with an ASIC, and both are going to hard fork at some point anyway; ITNS is scheduled for May 14 while DERO is "imminent."

[superminator]

Any news of change of algorithm to CryptonightV7 of Karbo (KRB), Electroneum (ETN), Bytecoin (BCN), Dinastycoin (DCY) and DigitalNote (XGN)??.

Are there other coins with cryptonight algorithm?.

Is it still viable to buy a baikal for about $ 1000?.

Best regards.

Sorry, but it looks like you are too late. Only tiny market cap coins are left that are still running the original CN algo and it sure looks like ASICs have found them because the network hashrates (and difficulty) of two that I watch (ITNS & DERO) have gone up by >10x over the last two days.

Both of those coins are barely worth mining now, even with an ASIC, and both are going to hard fork at some point anyway; ITNS is scheduled for May 14 while DERO is "imminent."

This is very bad news. But then why does whattomine get this result? Is it outdated?:

http://whattomine.com/coins?utf8=✓&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=1&adapt_q_570=0&adapt_q_580=0&adapt_q_vega56=0&adapt_q_vega64=0&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_q_1070Ti=0&adapt_q_1080=0&adapt_q_1080Ti=6&factor%5Beth_hr%5D=1500.0&factor%5Beth_p%5D=1500.0&factor%5Bgro_hr%5D=348.0&factor%5Bgro_p%5D=1260.0&factor%5Bx11g_hr%5D=117.0&factor%5Bx11g_p%5D=1020.0&cn=true&factor%5Bcn_hr%5D=20000.0&factor%5Bcn_p%5D=60.0&factor%5Bcn7_hr%5D=20000.0&factor%5Bcn7_p%5D=60.0&factor%5Beq_hr%5D=4110.0&factor%5Beq_p%5D=1140.0&factor%5Blrev2_hr%5D=384000.0&factor%5Blrev2_p%5D=1140.0&factor%5Bns_hr%5D=8400.0&factor%5Bns_p%5D=1140.0&factor%5Bbk14_hr%5D=26100.0&factor%5Bbk14_p%5D=1260.0&factor%5Bpas_hr%5D=10200.0&factor%5Bpas_p%5D=1260.0&factor%5Bskh_hr%5D=285.0&factor%5Bskh_p%5D=1140.0&factor%5Bn5_hr%5D=220000.0&factor%5Bn5_p%5D=480.0&factor%5Bl2z_hr%5D=420.0&factor%5Bl2z_p%5D=300.0&factor%5Bxn_hr%5D=31.8&factor%5Bxn_p%5D=1140.0&factor%5Bcost%5D=0.1&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=abucoins&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=binance&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=Main&commit=Calculate

What is the result of mining in nicehash?.

Regards.

[jetbird]

nicehash working for giant N ?
or wich pool use ?

I have been using Nicehash for my two Giant-N.  It worked flawlessly so far.  So far I made $610 on 2 x Giant-N.

I don't use Nicehash for any other rigs though... but for Cryptonight it seems good.

How will the VCU1525 perform on Cryptonight?

Thanks,

Jeff

[whitefire990]

How will the VCU1525 perform on Cryptonight?
Thanks,
Jeff

I haven't gotten to a full implementation of CryptonightV7 yet, but based on simulations, 8KH/s per VCU1525, so 64KH/s for an 8-FPGA rig.  Which means the ROI is not stellar but still better than a GPU.  There are much more profitable algorithms to mine with the VCU1525 (with < 100 day ROI's), but still the VCU1525 does reasonably well on cryptonight 7; hashing at 4 times a Vega 64, consider that the VCU1525 burns around 100W at 8KH/s, vs. >800W for 4 Vega 64's hashing at the same rate.  So in terms of price-per-electricity, it has a huge advantage.  Still, you'd make a lot more money mining neoscrypt, tribus, phi, X17, etc...

[MagicSmoker]

Sorry, but it looks like you are too late. Only tiny market cap coins are left that are still running the original CN algo and it sure looks like ASICs have found them because the network hashrates (and difficulty) of two that I watch (ITNS & DERO) have gone up by >10x over the last two days.

Both of those coins are barely worth mining now, even with an ASIC, and both are going to hard fork at some point anyway; ITNS is scheduled for May 14 while DERO is "imminent."

This is very bad news. But then why does whattomine get this result? Is it outdated?:

[link deleted - cryptonight profitability on whattomine.com]

What is the result of mining in nicehash?.

It does look like you found a relatively high market cap coin still using CN - karbo - but even in the time you posted this reply it went from $16.50US per day at 20kH/s to around $11.50US per day... A good thing to remember is that any coin listed on whattomine.com should be assumed to be well known by the mining community, so you are unlikely to get a competitive advantage deploying your ASIC on it; the best situation for an ASIC owner is to only have to compete against GPUs and CPUs, not other ASICs.

[blanko121]

why is every one calling the giant n a doorstopper ? 

https://www.nicehash.com/profitability-calculator#baikal-giant-n;USD;0.1;1;60;0;a22=20       i dont complain on this profit if you buy it now so an some one plz explane to me why every one is throwing shit on this miner atm ? and karbo still not gonna fork what i can read 

newbe to the baikal miner so plz can some one plz let me get some info from you guys

[Truthchanter]

why is every one calling the giant n a doorstopper ? 

https://www.nicehash.com/profitability-calculator#baikal-giant-n;USD;0.1;1;60;0;a22=20       i dont complain on this profit if you buy it now so an some one plz explane to me why every one is throwing shit on this miner atm ? and karbo still not gonna fork what i can read 

newbe to the baikal miner so plz can some one plz let me get some info from you guys

Once (if) ETN algo forks, which i heard they might next week block 250000 or something.. that is where most of the old cryptonight algo has is at so the profitability for the rest of the algo coins will plummet

[sp_]

I will publish an X16R bitstream which can do Ravencoin at an incredible rate; however these dynamically changing algorithms are extremely complicated to implement in FPGA's so it will be early 2019 by the time I have that one ready.

Why don't you do one at a time and store the result in sram. 1/16 the speed or less, but still faster than the gpu's right?

You can also make 256 kernels by combining 2 of the 16 hashing functions in one kernel. then you get 1/8th of the speed.

[blanko121]

why is every one calling the giant n a doorstopper ? 

https://www.nicehash.com/profitability-calculator#baikal-giant-n;USD;0.1;1;60;0;a22=20       i dont complain on this profit if you buy it now so an some one plz explane to me why every one is throwing shit on this miner atm ? and karbo still not gonna fork what i can read 

newbe to the baikal miner so plz can some one plz let me get some info from you guys

Once (if) ETN algo forks, which i heard they might next week block 250000 or something.. that is where most of the old cryptonight algo has is at so the profitability for the rest of the algo coins will plummet

so karbo isent strong enought in other words to keep the bk-n profitable?

[blanko121]

so if etn is forking to cnv7 how much do the people think the bk-n will give per day and month with the resisting coins on the coins that still uses cn


and thx for the help i really appreciate it big up to you people that are putting your time in to explaine it to the people!!!

[oomurashin]

yes, if you want to buy mining doorstopper. 

[Wananavu99]

Do you recommend me to buy this miner today?

Do not buy, it'll only be an expensive inefficient noisy heater. 

[Fajmi]

Do you recommend me to buy this miner today?

Do not buy, it'll only be an expensive inefficient noisy heater. 

This miner it's not inefficient noisy heater. Even if it will earns only 2usd / day it will still be profitable, because the electricity consumption is nothing at 60W 

[blanko121]

Do you recommend me to buy this miner today?

Do not buy, it'll only be an expensive inefficient noisy heater. 

This miner it's not inefficient noisy heater. Even if it will earns only 2usd / day it will still be profitable, because the electricity consumption is nothing at 60W 

thats my point it goes on so low watt that even if you make like 1 dollar a day its still 2 dollars a day if you look at the cube you make nothing near 2 dollars a day and they go for more money then the giant n so yes ofc every one is mad they put a lt of money on it but right now at this moment it mst be some what worfit ? or is it going to be total unuseble and aint able to mine any coin you cant sell or shift to other coins

[ruplikminer]

Do you recommend me to buy this miner today?

Do not buy, it'll only be an expensive inefficient noisy heater. 

This miner it's not inefficient noisy heater. Even if it will earns only 2usd / day it will still be profitable, because the electricity consumption is nothing at 60W 

thats my point it goes on so low watt that even if you make like 1 dollar a day its still 2 dollars a day if you look at the cube you make nothing near 2 dollars a day and they go for more money then the giant n so yes ofc every one is mad they put a lt of money on it but right now at this moment it mst be some what worfit ? or is it going to be total unuseble and aint able to mine any coin you cant sell or shift to other coins

That. most probably soon it will have absolutely zero profit. Just wait for the X3 to be shipped out and the few available cryptonight coins will be DESTROIED and profit will be literally ZERO.

[MagicSmoker]

thats my point it goes on so low watt that even if you make like 1 dollar a day its still 2 dollars a day if you look at the cube you make nothing near 2 dollars a day and they go for more money then the giant n so yes ofc every one is mad they put a lt of money on it but right now at this moment it mst be some what worfit ? or is it going to be total unuseble and aint able to mine any coin you cant sell or shift to other coins

This is a classic error, thinking that there is some natural floor in the earnings you will make per day, or that what you can earn now will persist indefinitely when neither is the case.

Consider what would happen if even 2-3 coins stay on the original CryptoNight algo - every ASIC miner is going to mine the shit out of them and what do ASIC miners tend to do with their coins? They sell most, if not all, of them as fast as they can in a desperate race to pay off their "investment" ASAP. The inevitable consequences of this groupthink action are:

1. difficulty shoots through the proverbial roof, so earnings per day suck even with the massive hashrate advantage of an ASIC over a GPU; much fewer coins than expected are mined.

2. the price of the coin in USD or BTC plummets because everyone is dumping their mined earnings on the (usually tiny/shitty) exchanges as fast as they can.

For example, when network hashrate on ITNS spikes to 35 MH/s, as it has done several times over the past couple of days, 20kH/s brings in about 800 coins per day with a current value of $3.60US (56 Sats). Ignoring the cost of energy - because only 60W, right? - that will take 530 days to pay off if you bought the Giant-N for $1900US (or "only" 127 days at the current listed price on asicminermarket of $550US).

Earnings look a lot better for Karbo at this moment - around $18US per day - but that's because its total network hashrate is only 7MH/s; I don't follow this coin, but I suspect if a relatively unknown coin like ITNS has seen sustained spikes to 35MH/s then a much better known coin like KRB will see even more dramatic pumps in network hashrate.

I should note that despite my usual arguments against ASICs I am not anti-ASIC, per se; rather, I am anti-foreign-ASIC-manufacturer because all of them so far have engaged in predatory/deceptive behavior like mining with their ASICs for several months, selling them as "new", refusing to honor any sort of warranty for the 1/3rd of them that arrive DOA or break within a few days of use, and are all but untouchable in a court of law for these bad behaviors.

[Truthchanter]

Hoping for $2 a day after the "supposedly soon" etn hardfork is wishful thinking.. maybe even $1 would be lucky.. its quite possible these will be making $0 a day after electric after (if) etn forks, and once the bitmain X3 (and the other cryptonight miners like pin idea i think has one and  dragonmint) ship

[blanko121]

thats my point it goes on so low watt that even if you make like 1 dollar a day its still 2 dollars a day if you look at the cube you make nothing near 2 dollars a day and they go for more money then the giant n so yes ofc every one is mad they put a lt of money on it but right now at this moment it mst be some what worfit ? or is it going to be total unuseble and aint able to mine any coin you cant sell or shift to other coins

This is a classic error, thinking that there is some natural floor in the earnings you will make per day, or that what you can earn now will persist indefinitely when neither is the case.

Consider what would happen if even 2-3 coins stay on the original CryptoNight algo - every ASIC miner is going to mine the shit out of them and what do ASIC miners tend to do with their coins? They sell most, if not all, of them as fast as they can in a desperate race to pay off their "investment" ASAP. The inevitable consequences of this groupthink action are:

1. difficulty shoots through the proverbial roof, so earnings per day suck even with the massive hashrate advantage of an ASIC over a GPU; much fewer coins than expected are mined.

2. the price of the coin in USD or BTC plummets because everyone is dumping their mined earnings on the (usually tiny/shitty) exchanges as fast as they can.

For example, when network hashrate on ITNS spikes to 35 MH/s, as it has done several times over the past couple of days, 20kH/s brings in about 800 coins per day with a current value of $3.60US (56 Sats). Ignoring the cost of energy - because only 60W, right? - that will take 530 days to pay off if you bought the Giant-N for $1900US (or "only" 127 days at the current listed price on asicminermarket of $550US).

Earnings look a lot better for Karbo at this moment - around $18US per day - but that's because its total network hashrate is only 7MH/s; I don't follow this coin, but I suspect if a relatively unknown coin like ITNS has seen sustained spikes to 35MH/s then a much better known coin like KRB will see even more dramatic pumps in network hashrate.

I should note that despite my usual arguments against ASICs I am not anti-ASIC, per se; rather, I am anti-foreign-ASIC-manufacturer because all of them so far have engaged in predatory/deceptive behavior like mining with their ASICs for several months, selling them as "new", refusing to honor any sort of warranty for the 1/3rd of them that arrive DOA or break within a few days of use, and are all but untouchable in a court of law for these bad behaviors.

thx for the well writen post . okay then the l3+ sound much more safe to buy or the giant B whats you opinion on dose miners i will have like 2800 dollars to spend on miners so witch would you go for . btw its 1900 for the giant n and you get 4 for free xD