Bitmain Antminer X3 -- 220KH+ Cryponight - 550W

[ant958]

...
remember 2TH of asic hash mines on electroneum, when that has has to leave nothing left will make the x3 more than 1-2 dollars a day

Wrong!  Do a little research, (this thread) there will be several coins to mine when and IF etn forks. No more of the $200+ a day coins, but coins none the less, and More than the GPU's can earn.

Sorry, but Marvell2 is most likely going to be proven right. Ignoring the tiniest of altcoins, those that still run stock CN or CN-Lite and their current network hashrate are:

Electroneum  ETN       1900MH/s
Dero             DERO      500MH/s
ByteCoin       BCN       170MH/s
Aeon            AEON      112MH/s
Karbo            KRB        62MH/s
Bitsum          BSM      16.4MH/s
LeviarCoin     XLC        7.5MH/s
DinastyCoin   DCY        6.5MH/s
Ultranote       XUN        2.7MH/s
BalkanCoin    BKC        2.3MH/s
BitCoal          COAL      1.4MH/s
CrepCoin       CREP       0.1MH/s

If all the hashrate for ETN gets divided among the remaining coins in the same ratio then 56.7% of the 1900MH/s will go to DERO, 19.3% will go to BCN, 12.7% will go to AEON, etc... That's around 1100MH/s going to DERO, which will basically triple its network hashrate and cause profitability to fall by the same ratio; instead of earning ~8.5 DERO per day (worth $22US) that will drop to around 2.8 DERO/day (worth about $7.35US).

Just for comparison, my 1.9kH/s rig used to bring in 6 DERO/day just before ASICs started showing up in force and it cost me all of $775 to build. It currently earns about $2.4US/day mining XMR, or about what the X3 will do on DERO once ETN forks.

Oh, and DERO is going to be forking in a couple of weeks, too, when the Atlantis update rolls out. Good times.

Wrong, neither you nor the masked marvel have a clue where miners will be going, when and if their coins fork. Most FUD and disgruntled GPU suckers posting it.

Actually he was spot on. 50%+ of the hashrate moved to BCN.

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

[greyday]

...
remember 2TH of asic hash mines on electroneum, when that has has to leave nothing left will make the x3 more than 1-2 dollars a day

Wrong!  Do a little research, (this thread) there will be several coins to mine when and IF etn forks. No more of the $200+ a day coins, but coins none the less, and More than the GPU's can earn.

Sorry, but Marvell2 is most likely going to be proven right. Ignoring the tiniest of altcoins, those that still run stock CN or CN-Lite and their current network hashrate are:

Electroneum  ETN       1900MH/s
Dero             DERO      500MH/s
ByteCoin       BCN       170MH/s
Aeon            AEON      112MH/s
Karbo            KRB        62MH/s
Bitsum          BSM      16.4MH/s
LeviarCoin     XLC        7.5MH/s
DinastyCoin   DCY        6.5MH/s
Ultranote       XUN        2.7MH/s
BalkanCoin    BKC        2.3MH/s
BitCoal          COAL      1.4MH/s
CrepCoin       CREP       0.1MH/s

If all the hashrate for ETN gets divided among the remaining coins in the same ratio then 56.7% of the 1900MH/s will go to DERO, 19.3% will go to BCN, 12.7% will go to AEON, etc... That's around 1100MH/s going to DERO, which will basically triple its network hashrate and cause profitability to fall by the same ratio; instead of earning ~8.5 DERO per day (worth $22US) that will drop to around 2.8 DERO/day (worth about $7.35US).

Just for comparison, my 1.9kH/s rig used to bring in 6 DERO/day just before ASICs started showing up in force and it cost me all of $775 to build. It currently earns about $2.4US/day mining XMR, or about what the X3 will do on DERO once ETN forks.

Oh, and DERO is going to be forking in a couple of weeks, too, when the Atlantis update rolls out. Good times.

Wrong, neither you nor the masked marvel have a clue where miners will be going, when and if their coins fork. Most FUD and disgruntled GPU suckers posting it.

Actually he was spot on. 50%+ of the hashrate moved to BCN.

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

I'm not sure you know how this works? Your hashrate wouldn't change at all, it's your earnings that do as a result of difficulty...

[MagicSmoker]

~snip

Electroneum  ETN       1900MH/s
Dero             DERO      500MH/s
ByteCoin       BCN       170MH/s
Aeon            AEON      112MH/s
Karbo            KRB        62MH/s
Bitsum          BSM      16.4MH/s
LeviarCoin     XLC        7.5MH/s
DinastyCoin   DCY        6.5MH/s
Ultranote       XUN        2.7MH/s
BalkanCoin    BKC        2.3MH/s
BitCoal          COAL      1.4MH/s
CrepCoin       CREP       0.1MH/s

If all the hashrate for ETN gets divided among the remaining coins in the same ratio then 56.7% of the 1900MH/s will go to DERO, 19.3% will go to BCN, 12.7% will go to AEON, etc... That's around 1100MH/s going to DERO, which will basically triple its network hashrate and cause profitability to fall by the same ratio; instead of earning ~8.5 DERO per day (worth $22US) that will drop to around 2.8 DERO/day (worth about $7.35US).

~snip

Wrong, neither you nor the masked marvel have a clue where miners will be going, when and if their coins fork. Most FUD and disgruntled GPU suckers posting it.

Actually he was spot on. 50%+ of the hashrate moved to BCN.

To be fair, I predicted that a bit over 50% of ETN's hashrate would go to DERO once it forked, and around 20% would go to BCN. Using the same 3 hour average of the stats from CryptUnit (https://www.cryptunit.com/?order=price3h) it looks like DERO is running at just over 1000MH/s, so around 500MH/s added; BCN is at 325MH/s, so it nearly doubled - 155MH/s added; KRB only increased to 89MH/s; AEON and BSM are essentially the same; BKC also doubled - now at 4.7MH/s.

This doesn't come anywhere close to 1900MH/s, so it seems there's a lot of hashrate that is missing. I guess some ASIC owners have switched them off while others might have failed to notice that ETN forked (CryptUnit is reporting some 2973MH/s on the ETN network, but it was reporting a similar number this morning and the fork had already gone through).

Basically, any coin a CN ASIC is mining right now will need to moon hard to pay off these boat anchors / door stoppers. That may very well happen with DERO, but both ETN and BCN seem to have relatively poor prospects to me.

[yrk1957]

To be fair, I predicted that a bit over 50% of ETN's hashrate would go to DERO once it forked, and around 20% would go to BCN. Using the same 3 hour average of the stats from CryptUnit (https://www.cryptunit.com/?order=price3h) it looks like DERO is running at just over 1000MH/s, so around 500MH/s added; BCN is at 325MH/s, so it nearly doubled - 155MH/s added; KRB only increased to 89MH/s; AEON and BSM are essentially the same; BKC also doubled - now at 4.7MH/s.

This doesn't come anywhere close to 1900MH/s, so it seems there's a lot of hashrate that is missing. I guess some ASIC owners have switched them off while others might have failed to notice that ETN forked (CryptUnit is reporting some 2973MH/s on the ETN network, but it was reporting a similar number this morning and the fork had already gone through).

Basically, any coin a CN ASIC is mining right now will need to moon hard to pay off these boat anchors / door stoppers. That may very well happen with DERO, but both ETN and BCN seem to have relatively poor prospects to me.

Actually, from my understanding, the hash-rate is determined using difficulty, and time to find a a block. So its not directly taken from whatever is connected and what they are reporting.

So it will take a day or two for the difficulty to adjust and then hash-rate will be known.

[ant958]

~snip

Electroneum  ETN       1900MH/s
Dero             DERO      500MH/s
ByteCoin       BCN       170MH/s
Aeon            AEON      112MH/s
Karbo            KRB        62MH/s
Bitsum          BSM      16.4MH/s
LeviarCoin     XLC        7.5MH/s
DinastyCoin   DCY        6.5MH/s
Ultranote       XUN        2.7MH/s
BalkanCoin    BKC        2.3MH/s
BitCoal          COAL      1.4MH/s
CrepCoin       CREP       0.1MH/s

If all the hashrate for ETN gets divided among the remaining coins in the same ratio then 56.7% of the 1900MH/s will go to DERO, 19.3% will go to BCN, 12.7% will go to AEON, etc... That's around 1100MH/s going to DERO, which will basically triple its network hashrate and cause profitability to fall by the same ratio; instead of earning ~8.5 DERO per day (worth $22US) that will drop to around 2.8 DERO/day (worth about $7.35US).

~snip

Wrong, neither you nor the masked marvel have a clue where miners will be going, when and if their coins fork. Most FUD and disgruntled GPU suckers posting it.

Actually he was spot on. 50%+ of the hashrate moved to BCN.

To be fair, I predicted that a bit over 50% of ETN's hashrate would go to DERO once it forked, and around 20% would go to BCN. Using the same 3 hour average of the stats from CryptUnit (https://www.cryptunit.com/?order=price3h) it looks like DERO is running at just over 1000MH/s, so around 500MH/s added; BCN is at 325MH/s, so it nearly doubled - 155MH/s added; KRB only increased to 89MH/s; AEON and BSM are essentially the same; BKC also doubled - now at 4.7MH/s.

This doesn't come anywhere close to 1900MH/s, so it seems there's a lot of hashrate that is missing. I guess some ASIC owners have switched them off while others might have failed to notice that ETN forked (CryptUnit is reporting some 2973MH/s on the ETN network, but it was reporting a similar number this morning and the fork had already gone through).

Basically, any coin a CN ASIC is mining right now will need to moon hard to pay off these boat anchors / door stoppers. That may very well happen with DERO, but both ETN and BCN seem to have relatively poor prospects to me.

It will be a VERY long time before the X3's are doorstops/boat anchors to join the GPU's at the bottom of the Sea ALREADY!

[ant958]

...
remember 2TH of asic hash mines on electroneum, when that has has to leave nothing left will make the x3 more than 1-2 dollars a day

Wrong!  Do a little research, (this thread) there will be several coins to mine when and IF etn forks. No more of the $200+ a day coins, but coins none the less, and More than the GPU's can earn.

Sorry, but Marvell2 is most likely going to be proven right. Ignoring the tiniest of altcoins, those that still run stock CN or CN-Lite and their current network hashrate are:

Electroneum  ETN       1900MH/s
Dero             DERO      500MH/s
ByteCoin       BCN       170MH/s
Aeon            AEON      112MH/s
Karbo            KRB        62MH/s
Bitsum          BSM      16.4MH/s
LeviarCoin     XLC        7.5MH/s
DinastyCoin   DCY        6.5MH/s
Ultranote       XUN        2.7MH/s
BalkanCoin    BKC        2.3MH/s
BitCoal          COAL      1.4MH/s
CrepCoin       CREP       0.1MH/s

If all the hashrate for ETN gets divided among the remaining coins in the same ratio then 56.7% of the 1900MH/s will go to DERO, 19.3% will go to BCN, 12.7% will go to AEON, etc... That's around 1100MH/s going to DERO, which will basically triple its network hashrate and cause profitability to fall by the same ratio; instead of earning ~8.5 DERO per day (worth $22US) that will drop to around 2.8 DERO/day (worth about $7.35US).

Just for comparison, my 1.9kH/s rig used to bring in 6 DERO/day just before ASICs started showing up in force and it cost me all of $775 to build. It currently earns about $2.4US/day mining XMR, or about what the X3 will do on DERO once ETN forks.

Oh, and DERO is going to be forking in a couple of weeks, too, when the Atlantis update rolls out. Good times.

Wrong, neither you nor the masked marvel have a clue where miners will be going, when and if their coins fork. Most FUD and disgruntled GPU suckers posting it.

Actually he was spot on. 50%+ of the hashrate moved to BCN.

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

I'm not sure you know how this works? Your hashrate wouldn't change at all, it's your earnings that do as a result of difficulty...

NOT true, my rate went from 276 to 330 Kh/s  as for the spot on prediction... it was quite SPOT OFF!

[greyday]

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

I'm not sure you know how this works? Your hashrate wouldn't change at all, it's your earnings that do as a result of difficulty...

NOT true, my rate went from 276 to 330 Kh/s  as for the spot on prediction... it was quite SPOT OFF!

Your hashrate changing isn't related to what we are talking about. I have no idea how or why your hashrate changed, but it has nothing to do with how profitable or unprofitable a coin is in general (unless you switched to Aeon or something, in which case your hashrate change is super low, it should have doubled AFAIK). YOUR hashrate is about the algo and your hardware's settings (or the pool--if you're overclocked and were previously only earning 270, you weren't on the best pool), not the blockchain. The hashrate we are talking about is the global hashrate, which is a key factor in determining profitability, not each individual hashrate.

The point is that difficulty/reward and market value are what determine profitability (difficulty and block reward determine total coin payout, market value determines the coin itself's worth). Your hashrate determines how much you contribute and are rewarded (directly if in a pps or pplns pool, indirectly if solo mining). Your hashrate does not change based on the global hashrate (a 1.15TH S5 still mines at 1.15TH today, it just earns less than it costs in electricity now, whereas it used to earn a lot).

And your knowledge of GPU mining is also way, way off. My gpu rigs were, dollar for dollar, easily the best investment in mining I've made, and STILL earn in the $15-20/day for me, which is currently more than the X3. Yes, overall the rigs were more expensive, but they've also been running continuously for more than a year and are well past the profit point. With ASICs, unless you bought in the first round, you're lucky to break even (unless you have free electricity or the coin surges).

All of the above said, my second best investment was my L3+, and my cpu mining rigs are actually doing pretty well as well since the monero algo fork. It's all relative.

And you don't need to be so defensive about all this, feel free to ask about things you might not understand, we all learned that way (and MOST of us are friendly around here).

[ant958]

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

I'm not sure you know how this works? Your hashrate wouldn't change at all, it's your earnings that do as a result of difficulty...

NOT true, my rate went from 276 to 330 Kh/s  as for the spot on prediction... it was quite SPOT OFF!

Your hashrate changing isn't related to what we are talking about. I have no idea how or why your hashrate changed, but it has nothing to do with how profitable or unprofitable a coin is in general (unless you switched to Aeon or something, in which case your hashrate change is super low, it should have doubled AFAIK). YOUR hashrate is about the algo and your hardware's settings (or the pool--if you're overclocked and were previously only earning 270, you weren't on the best pool), not the blockchain. The hashrate we are talking about is the global hashrate, which is a key factor in determining profitability, not each individual hashrate.

The point is that difficulty/reward and market value are what determine profitability (difficulty and block reward determine total coin payout, market value determines the coin itself's worth). Your hashrate determines how much you contribute and are rewarded (directly if in a pps or pplns pool, indirectly if solo mining). Your hashrate does not change based on the global hashrate (a 1.15TH S5 still mines at 1.15TH today, it just earns less than it costs in electricity now, whereas it used to earn a lot).

And your knowledge of GPU mining is also way, way off. My gpu rigs were, dollar for dollar, easily the best investment in mining I've made, and STILL earn in the $15-20/day for me, which is currently more than the X3. Yes, overall the rigs were more expensive, but they've also been running continuously for more than a year and are well past the profit point. With ASICs, unless you bought in the first round, you're lucky to break even (unless you have free electricity or the coin surges).

All of the above said, my second best investment was my L3+, and my cpu mining rigs are actually doing pretty well as well since the monero algo fork. It's all relative.

And you don't need to be so defensive about all this, feel free to ask about things you might not understand, we all learned that way (and MOST of us are friendly around here).

No defense at all, just pointing out facts that disgruntled GPU owners have a hard time with. I have a 1st batch asic and will be better off than most since I have 24 solar panels on my roof. THUS my electric meter turns backwards even when mining. BCN doing just fine for X3 owners. It's the GPU owner s that come here to vent their anger not the X3 owners. They tend to be very thin skinned while trying to defend their $6000.00 boat anchors.

[heavyarms1912]

Doubtful at best. At 330 Kh/s rate. I'm doing just fine, He was spot OFF!

I'm not sure you know how this works? Your hashrate wouldn't change at all, it's your earnings that do as a result of difficulty...

NOT true, my rate went from 276 to 330 Kh/s  as for the spot on prediction... it was quite SPOT OFF!

Your hashrate changing isn't related to what we are talking about. I have no idea how or why your hashrate changed, but it has nothing to do with how profitable or unprofitable a coin is in general (unless you switched to Aeon or something, in which case your hashrate change is super low, it should have doubled AFAIK). YOUR hashrate is about the algo and your hardware's settings (or the pool--if you're overclocked and were previously only earning 270, you weren't on the best pool), not the blockchain. The hashrate we are talking about is the global hashrate, which is a key factor in determining profitability, not each individual hashrate.

The point is that difficulty/reward and market value are what determine profitability (difficulty and block reward determine total coin payout, market value determines the coin itself's worth). Your hashrate determines how much you contribute and are rewarded (directly if in a pps or pplns pool, indirectly if solo mining). Your hashrate does not change based on the global hashrate (a 1.15TH S5 still mines at 1.15TH today, it just earns less than it costs in electricity now, whereas it used to earn a lot).

And your knowledge of GPU mining is also way, way off. My gpu rigs were, dollar for dollar, easily the best investment in mining I've made, and STILL earn in the $15-20/day for me, which is currently more than the X3. Yes, overall the rigs were more expensive, but they've also been running continuously for more than a year and are well past the profit point. With ASICs, unless you bought in the first round, you're lucky to break even (unless you have free electricity or the coin surges).

All of the above said, my second best investment was my L3+, and my cpu mining rigs are actually doing pretty well as well since the monero algo fork. It's all relative.

And you don't need to be so defensive about all this, feel free to ask about things you might not understand, we all learned that way (and MOST of us are friendly around here).

He/she doesn't get difficulty and network hashrate from the posts he/she made twice.  I don't think he/she even reads the detailed explanation people are trying to give here. His/her replies are 1 liners.
Let him/her be in his/her own dream that GPU rigs make $1 and ASICS make $100.

[ant958]

Strike a nerve??? Or should I keep drilling???

Keep on editing... you'll figure it out eventually.

Keep dreaming too about your GPU anchors

[greyday]

Strike a nerve??? Or should I keep drilling???

Keep on editing... you'll figure it out eventually.

Keep dreaming too about your GPU anchors

No, he's talking about you. You do not understand how global hashrates and earnings work, you do not understand how gpu mining works, and you don't seem to understand profit/loss. And all attempts to discuss it with you are met with snarky attitude and a complete blind eye to all information you are provided. All he was suggesting to me was to not waste my time trying to explain it to you, and I was going to ignore him until you posted that. So, sincerely, I wish you luck, as I also own and run an X3 and I would like it to earn for a while longer. If you would like to understand what we're talking about, though, do some research on profit/loss on the A3.

And if you still believe in the X3 so much? I'll sell you mine for $1200 right now. That's $500 less than Bitmain is selling the next batch for, and I'll even ship it UPS 2day so you'd have it by Saturday (if you live in the US).

Also, sincere props on the solar panels. If Tesla/Solar City didn't have such a shitty managerial staff, I'd have them too.

[ant958]

Strike a nerve??? Or should I keep drilling???

Keep on editing... you'll figure it out eventually.

Keep dreaming too about your GPU anchors

No, he's talking about you. You do not understand how global hashrates and earnings work, you do not understand how gpu mining works, and you don't seem to understand profit/loss. And all attempts to discuss it with you are met with snarky attitude and a complete blind eye to all information you are provided. All he was suggesting to me was to not waste my time trying to explain it to you, and I was going to ignore him until you posted that. So, sincerely, I wish you luck, as I also own and run an X3 and I would like it to earn for a while longer. If you would like to understand what we're talking about, though, do some research on profit/loss on the A3.

And if you still believe in the X3 so much? I'll sell you mine for $1200 right now. That's $500 less than Bitmain is selling the next batch for, and I'll even ship it UPS 2day so you'd have it by Saturday (if you live in the US).

Also, sincere props on the solar panels. If Tesla/Solar City didn't have such a shitty managerial staff, I'd have them too.

Not sure why he felt compelled to personally attack a convo to which he is neither a party nor contributor. I only responded to those posting/replying here with terrible attitudes about other's choices for mining equipment.
I only have 1 X3 and bought it to experiment, not to set the world on fire and retire rich. I've only mined ETN and as of today started BCN. I don't claim to know everything about mining difficulty still learning since I haven't mined that long. I will not stand for personal attacks by anyone and can defend myself well. I try to keep an open mind but find it laughable when I see numerous alleged GPU owners cry boat anchor referring to X3's, but as soon as they're challenged they vanish. I do appreciate any info as its still a learning process for me at least. Solar panels: previous owner had them installed. Here in Bay area, there's a few more choices than Tesla and SC. thx

[MagicSmoker]

...
This doesn't come anywhere close to 1900MH/s, so it seems there's a lot of hashrate that is missing.
...

Actually, from my understanding, the hash-rate is determined using difficulty, and time to find a a block. So its not directly taken from whatever is connected and what they are reporting.

So it will take a day or two for the difficulty to adjust and then hash-rate will be known.

Interesting explanation, and not something I've heard before. I'm not saying I disagree with it - because I don't really know, frankly - but when Monero forked there was a sudden - near vertical - drop in hashrate; difficulty, however, took another day or so to adjust downward.

[heavyarms1912]

...
This doesn't come anywhere close to 1900MH/s, so it seems there's a lot of hashrate that is missing.
...

Actually, from my understanding, the hash-rate is determined using difficulty, and time to find a a block. So its not directly taken from whatever is connected and what they are reporting.

So it will take a day or two for the difficulty to adjust and then hash-rate will be known.

Interesting explanation, and not something I've heard before. I'm not saying I disagree with it - because I don't really know, frankly - but when Monero forked there was a sudden - near vertical - drop in hashrate; difficulty, however, took another day or so to adjust downward.

That is because Monero's difficulty adjustment algorithm takes several blocks to adjust with the network hashrate. iirc it takes 720 blocks for Monero to adjust the difficulty according to Network hashrate (it's not linear tho)
Difficulty in fact is dependent on Network hashrate.  It depends on coin to coin and what difficulty adjustment algo they use.

[yrk1957]

...
This doesn't come anywhere close to 1900MH/s, so it seems there's a lot of hashrate that is missing.
...

Actually, from my understanding, the hash-rate is determined using difficulty, and time to find a a block. So its not directly taken from whatever is connected and what they are reporting.

So it will take a day or two for the difficulty to adjust and then hash-rate will be known.

Interesting explanation, and not something I've heard before. I'm not saying I disagree with it - because I don't really know, frankly - but when Monero forked there was a sudden - near vertical - drop in hashrate; difficulty, however, took another day or so to adjust downward.

The bitcoin explanation is here:

https://en.bitcoin.it/wiki/Difficulty#What_network_hash_rate_results_in_a_given_difficulty.3F

[greyday]

Strike a nerve??? Or should I keep drilling???

Keep on editing... you'll figure it out eventually.

Keep dreaming too about your GPU anchors

No, he's talking about you. You do not understand how global hashrates and earnings work, you do not understand how gpu mining works, and you don't seem to understand profit/loss. And all attempts to discuss it with you are met with snarky attitude and a complete blind eye to all information you are provided. All he was suggesting to me was to not waste my time trying to explain it to you, and I was going to ignore him until you posted that. So, sincerely, I wish you luck, as I also own and run an X3 and I would like it to earn for a while longer. If you would like to understand what we're talking about, though, do some research on profit/loss on the A3.

And if you still believe in the X3 so much? I'll sell you mine for $1200 right now. That's $500 less than Bitmain is selling the next batch for, and I'll even ship it UPS 2day so you'd have it by Saturday (if you live in the US).

Also, sincere props on the solar panels. If Tesla/Solar City didn't have such a shitty managerial staff, I'd have them too.

Not sure why he felt compelled to personally attack a convo to which he is neither a party nor contributor. I only responded to those posting/replying here with terrible attitudes about other's choices for mining equipment.
I only have 1 X3 and bought it to experiment, not to set the world on fire and retire rich. I've only mined ETN and as of today started BCN. I don't claim to know everything about mining difficulty still learning since I haven't mined that long. I will not stand for personal attacks by anyone and can defend myself well. I try to keep an open mind but find it laughable when I see numerous alleged GPU owners cry boat anchor referring to X3's, but as soon as they're challenged they vanish. I do appreciate any info as its still a learning process for me at least. Solar panels: previous owner had them installed. Here in Bay area, there's a few more choices than Tesla and SC. thx

I own stock in Tesla. Overall as a company, I like them, but they spent six months dragging their feet on my project (2 months of which was my fault, granted), until the Oregon state solar initiative, around since the 70s, expired. It would have paid out in tax rebates (note: not deductions) $1500/year for four years. Basically it made it affordable. Tesla wasn't able to complete a simple job, one which I had already paid to alter my roof to meet their requirements, the rebate expired, and now I have no solar panels. So great company, inadequate training/staff...

And ok, if you want to understand this stuff, read through what I wrote and some of what the others did, and try to ignore any attitude coming off them. The only gpu miners that are truly bitter are ones who bought during the huge inflationary point around Dec/Jan, but some do feel encrouched upon as mining becomes more and more a business and less a hobby. ASICs are a stepping stone towards centralization, or at the very least, taking the altcoin market out of the hands of the average person and turning it into an industry only the wealthy can afford to weigh into. It's understandable that there is some backlash as a result of that, but a lot of what they have to say is worthwhile information.

As for your hashrate increase, what pool were you using before and which one are you using now? Are the hashrates you're referring to the numbers in the panel or in the pool? Just curious, as there is zero reason you should see an increase in your own hashrate if nothing has been changed on your end.

As for gpu rigs, let me just say this: at average cost, you can buy 4x1070s and a mobo for the same as one X3. Currently, that isn't worthwhile, but then currently neither is the X3. However, if all your electricity was free, I would personally choose the 1070s, as I know a year from now there will still be coins I can mine with it, whereas we're down to, what? 6 coins the X3 can mine, and none of them are really longterm holders (though if you're cashing out into fiat or bitcoin regularly, that's not particularly relevant I suppose). Both a 4x1070 rig and an X3 will run at about the same electricity consumption rate, the rig probably slightly lower. Fine tuned you can shave probably about 100W off that, making it more efficient. And you can add to it and change algorithms.

The real difference, though, is lifespan. Super simply (as I'm at work), as I said before, the difficulty determines how effective your personal hashrate is and how hard it is to find a block. When a block is found, depending on your pool, that's when you get paid (there are some pools for some coins that pay for work regardless, but most pay for overall share percentage of work in finding that block). The block is worth XX amount of coins, which is split amongst the pool based on that percentage. YOUR hashrate determines how much you are contributing; it s a constant you set, and will vary while mining but ultimately over time evens out (as the pool determines what your hashrate is by how many shares you've contributed, and those vary due to many factors, but most pools are pretty close). In other words, your hashrate is a determinate of your contribution as a set amount, not a percentage of the whole. The global hashrate is how many people are contributing their hashrates to the coin, which in turn has a direct impact on how difficult (i.e., how many shares needed) finding a block becomes. So more miners=slower blocktimes=less income. And even simpler, your hashrate is more of a guideline, your actual shares determine how much and often you get paid.

So yeah, the fork and subsequent machines moving to new coins has dropped what you will earn daily. In terms of coin, that amount will likely decrease in direct correlation (algorithmically, mind, not 1:1) to the increase in global hashrate. In fiat currency (for us, USD), that is also effected by the value of the coin, but basically Bytecoin went from bringing in about $18/day to around $12/day at stock hashrates within five minutes of the ETN fork, and that daily earning will likely drop a bit more then stabilize until the next batch of X3s ships, when it will drop significantly further.

To give an example, my A3 was earning $150/day the day it arrived. Within a day it was down to $60, within a week down to $50ish, then another week or two down to $30ish, where it stayed, slowly dropping, for a while. Then another batch came out and it dropped to $10. Currently, it earns about $3/day which, after the rather large (comparatively speaking anyway) electric cost in running it, it currently loses about $.50/day to run it at $.10/kWh.  THAT's what we're all talking about. If you were buying today, the Z9 is the smartest option, and until the next batch of gpus comes out, a rig isn't all that wise unless you get a deal on a used one, but overall? Historically way more profitable, even with the larger profits ASICs CAN provide, and over time far more usable.

So, all of that in mind, some of the bitterness over the X3 and Z9 (and, to a lesser extent, the E3) is that they are targeting algos that, after SHA256, Scrypt, and X11 were devoured by ASICs, were considered to be not only ASIC proof, but specifically targeted to gpu/cpu miners. In turn, cpu miners have a similar reaction to some coins that went GPU friendly, and many asic owners will likely have issue with FPGA owners once the second wave of fpgas takes over for a bit. Then the next wave of gpus will come out, then the next wave of asics...rinse, repeat. Plus a lot of people on this board (myself NOT included) have a real issue with Bitmain as a company. So there's a lot going on in here, but what you're doing--attacking an entire branch of mining--is just pissing people off, and that's why you're getting the response you're getting. Remember that many fpga, gpu, and cpu miners, as opposed to ASIC miners, are also devs who have sunk a lot of time and money not just into their setups, but also into understanding the coding and tech side of it, and may have even developed their own coins, algos, miners (software, not hardware), etc. and have a lot more knowledge of this stuff than I do after a year of spending, daily, hours researching and maintaining my own rigs, much less someone new. It'd be like someone coming into your office or wherever you work, taking a look around, and assuming they know more than you do. It isn't personal, if you ask instead of angrily state you'll get a far more positive response around here.

Also I have owned around 8 different ASICs of different algos, and the only two I currently run are the X3 and the B3 (and as of tomorrow, the Z9). But I have 18 gpus and I have been running them non-stop for almost a year. Stick around long enough and you'll understand the benefits and drawbacks of both.

[greyday]

That is because Monero's difficulty adjustment algorithm takes several blocks to adjust with the network hashrate. iirc it takes 720 blocks for Monero to adjust the difficulty according to Network hashrate (it's not linear tho)
Difficulty in fact is dependent on Network hashrate.  It depends on coin to coin and what difficulty adjustment algo they use.

This right here. You just took like four short sentences to say what I spent paragraphs trying to explain.

[yrk1957]

That is because Monero's difficulty adjustment algorithm takes several blocks to adjust with the network hashrate. iirc it takes 720 blocks for Monero to adjust the difficulty according to Network hashrate (it's not linear tho)
Difficulty in fact is dependent on Network hashrate.  It depends on coin to coin and what difficulty adjustment algo they use.

This right here. You just took like four short sentences to say what I spent paragraphs trying to explain.

Technically, from my reading, difficulty is driven by predefined time to find last set of blocks. If it takes more time, and difficulty will adjust lower, and vice versa if time is lessor than predefined then difficulty will adjust higher.

Hash-rate does not factor directly into difficulty calculation, but only in-directly in the sense that more hash-rate in the network will mean that time to find blocks will be lessor, and lessor time will lead to increase in difficulty.

[SplinterZalinsk]

So now that the auction has passed...


Any suggestions as to a good BCN pool?

I'm using Fairhash, they opened some ASIC specific pools for the ETN fork. I liked them for ETN and they're pretty good for BCN so far. Getting about 300kh/s poolside for 310-15 on my panel. I'm good with that.

I need a payment ID and not every exchange provides that... what exchange are you using?

[ant958]

Strike a nerve??? Or should I keep drilling???

Keep on editing... you'll figure it out eventually.

Keep dreaming too about your GPU anchors

No, he's talking about you. You do not understand how global hashrates and earnings work, you do not understand how gpu mining works, and you don't seem to understand profit/loss. And all attempts to discuss it with you are met with snarky attitude and a complete blind eye to all information you are provided. All he was suggesting to me was to not waste my time trying to explain it to you, and I was going to ignore him until you posted that. So, sincerely, I wish you luck, as I also own and run an X3 and I would like it to earn for a while longer. If you would like to understand what we're talking about, though, do some research on profit/loss on the A3.

And if you still believe in the X3 so much? I'll sell you mine for $1200 right now. That's $500 less than Bitmain is selling the next batch for, and I'll even ship it UPS 2day so you'd have it by Saturday (if you live in the US).

Also, sincere props on the solar panels. If Tesla/Solar City didn't have such a shitty managerial staff, I'd have them too.

Not sure why he felt compelled to personally attack a convo to which he is neither a party nor contributor. I only responded to those posting/replying here with terrible attitudes about other's choices for mining equipment.
I only have 1 X3 and bought it to experiment, not to set the world on fire and retire rich. I've only mined ETN and as of today started BCN. I don't claim to know everything about mining difficulty still learning since I haven't mined that long. I will not stand for personal attacks by anyone and can defend myself well. I try to keep an open mind but find it laughable when I see numerous alleged GPU owners cry boat anchor referring to X3's, but as soon as they're challenged they vanish. I do appreciate any info as its still a learning process for me at least. Solar panels: previous owner had them installed. Here in Bay area, there's a few more choices than Tesla and SC. thx

I own stock in Tesla. Overall as a company, I like them, but they spent six months dragging their feet on my project (2 months of which was my fault, granted), until the Oregon state solar initiative, around since the 70s, expired. It would have paid out in tax rebates (note: not deductions) $1500/year for four years. Basically it made it affordable. Tesla wasn't able to complete a simple job, one which I had already paid to alter my roof to meet their requirements, the rebate expired, and now I have no solar panels. So great company, inadequate training/staff...

And ok, if you want to understand this stuff, read through what I wrote and some of what the others did, and try to ignore any attitude coming off them. The only gpu miners that are truly bitter are ones who bought during the huge inflationary point around Dec/Jan, but some do feel encrouched upon as mining becomes more and more a business and less a hobby. ASICs are a stepping stone towards centralization, or at the very least, taking the altcoin market out of the hands of the average person and turning it into an industry only the wealthy can afford to weigh into. It's understandable that there is some backlash as a result of that, but a lot of what they have to say is worthwhile information.

As for your hashrate increase, what pool were you using before and which one are you using now? Are the hashrates you're referring to the numbers in the panel or in the pool? Just curious, as there is zero reason you should see an increase in your own hashrate if nothing has been changed on your end.

As for gpu rigs, let me just say this: at average cost, you can buy 4x1070s and a mobo for the same as one X3. Currently, that isn't worthwhile, but then currently neither is the X3. However, if all your electricity was free, I would personally choose the 1070s, as I know a year from now there will still be coins I can mine with it, whereas we're down to, what? 6 coins the X3 can mine, and none of them are really longterm holders (though if you're cashing out into fiat or bitcoin regularly, that's not particularly relevant I suppose). Both a 4x1070 rig and an X3 will run at about the same electricity consumption rate, the rig probably slightly lower. Fine tuned you can shave probably about 100W off that, making it more efficient. And you can add to it and change algorithms.

The real difference, though, is lifespan. Super simply (as I'm at work), as I said before, the difficulty determines how effective your personal hashrate is and how hard it is to find a block. When a block is found, depending on your pool, that's when you get paid (there are some pools for some coins that pay for work regardless, but most pay for overall share percentage of work in finding that block). The block is worth XX amount of coins, which is split amongst the pool based on that percentage. YOUR hashrate determines how much you are contributing; it s a constant you set, and will vary while mining but ultimately over time evens out (as the pool determines what your hashrate is by how many shares you've contributed, and those vary due to many factors, but most pools are pretty close). In other words, your hashrate is a determinate of your contribution as a set amount, not a percentage of the whole. The global hashrate is how many people are contributing their hashrates to the coin, which in turn has a direct impact on how difficult (i.e., how many shares needed) finding a block becomes. So more miners=slower blocktimes=less income. And even simpler, your hashrate is more of a guideline, your actual shares determine how much and often you get paid.

So yeah, the fork and subsequent machines moving to new coins has dropped what you will earn daily. In terms of coin, that amount will likely decrease in direct correlation (algorithmically, mind, not 1:1) to the increase in global hashrate. In fiat currency (for us, USD), that is also effected by the value of the coin, but basically Bytecoin went from bringing in about $18/day to around $12/day at stock hashrates within five minutes of the ETN fork, and that daily earning will likely drop a bit more then stabilize until the next batch of X3s ships, when it will drop significantly further.

To give an example, my A3 was earning $150/day the day it arrived. Within a day it was down to $60, within a week down to $50ish, then another week or two down to $30ish, where it stayed, slowly dropping, for a while. Then another batch came out and it dropped to $10. Currently, it earns about $3/day which, after the rather large (comparatively speaking anyway) electric cost in running it, it currently loses about $.50/day to run it at $.10/kWh.  THAT's what we're all talking about. If you were buying today, the Z9 is the smartest option, and until the next batch of gpus comes out, a rig isn't all that wise unless you get a deal on a used one, but overall? Historically way more profitable, even with the larger profits ASICs CAN provide, and over time far more usable.

So, all of that in mind, some of the bitterness over the X3 and Z9 (and, to a lesser extent, the E3) is that they are targeting algos that, after SHA256, Scrypt, and X11 were devoured by ASICs, were considered to be not only ASIC proof, but specifically targeted to gpu/cpu miners. In turn, cpu miners have a similar reaction to some coins that went GPU friendly, and many asic owners will likely have issue with FPGA owners once the second wave of fpgas takes over for a bit. Then the next wave of gpus will come out, then the next wave of asics...rinse, repeat. Plus a lot of people on this board (myself NOT included) have a real issue with Bitmain as a company. So there's a lot going on in here, but what you're doing--attacking an entire branch of mining--is just pissing people off, and that's why you're getting the response you're getting. Remember that many fpga, gpu, and cpu miners, as opposed to ASIC miners, are also devs who have sunk a lot of time and money not just into their setups, but also into understanding the coding and tech side of it, and may have even developed their own coins, algos, miners (software, not hardware), etc. and have a lot more knowledge of this stuff than I do after a year of spending, daily, hours researching and maintaining my own rigs, much less someone new. It'd be like someone coming into your office or wherever you work, taking a look around, and assuming they know more than you do. It isn't personal, if you ask instead of angrily state you'll get a far more positive response around here.

Also I have owned around 8 different ASICs of different algos, and the only two I currently run are the X3 and the B3 (and as of tomorrow, the Z9). But I have 18 gpus and I have been running them non-stop for almost a year. Stick around long enough and you'll understand the benefits and drawbacks of both.

I looked at Tesla when it was $20.00. Never pulled the trigger.

I mined etn using fairhash and overclocked only to 475hz. My rate was almost always 276 Kh/s. I think it was at 150 MH at the time, didn't pay to close attention. I was doing around $28. a day. Now I'm experimenting with BCN from the UK. It's a pool that will share in the block if you find it. Already happened today. Both are low price coins so nothing earth shattering.  thx for the info.