[ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)

[RivAngE]

Later edit: total hashrate from nicehash is now 2.6 TH.


Diff 13k (not 9K at least like last time). Hashrate from NH went to 1.5 TH for X16r (not all goes to Ravencoin but clearly most of it will).

Let's see how it goes now?

One thing is clear however. All that nonsense of FPGAs was just that...nonsense. Real culprit here is NH.

Like mining on FPGAs or on GPUs makes any difference, if the users of either FPGAs or GPUs point their machines to NiceHash, only bad things happen. At least FPGA users are less likely to be script-kids who will throw their hash to NH. Also it's not possible for FPGAs to mine on multi-pools, those pools automaticaly point miners to Raven when the profit high (=diff is low) and then leave when the profit gets lower (=diff is high).

This is not going anywhere btw... we hit 2.7 TH hashrate, in a few hours the 2016 blocks will have been mined and the diff will shoot up to about 60.000 I'd guess, and since the profitability will nosedive, all the miners will leave.
With sadness I had to sell 75% of my RVN since I'm afraid of what will happen when there will be no miners to support the network, and I've been gathering them for months.

Maybe when there will be FPGAs miners supporting the network, the NiceHash's hashrate won't be enough to create problems.

[1685496021]

1685496021

[1685496021]

1685496021

[1685496021]

1685496021

[Steamtyme]

I'm not sure why everyone is so surprised by this. I guess because when I started mining RVN diff was 27K everything below has been a gift.

If it really bothers you just buy coins in the interim, or be happy pulling in whatever and continue to hold.

Don't get me wrong I'm hoping they make adjustments similar to what was done for Bcash when it was going through the same issue.

[Aismen]

The problem is that at some point, the ones who actually hold the network (us) will get tired of being screwed like this and will quit mining the coin. At that point, in a case of 40K difficulty you'll have hashrate of maybe 2-3 GHz and you'll never end 2016 blocks to get it back down.

That is the moment a coin dies .

[RivAngE]

The problem is that at some point, the ones who actually hold the network (us) will get tired of being screwed like this and will quit mining the coin. At that point, in a case of 40K difficulty you'll have hashrate of maybe 2-3 GHz and you'll never end 2016 blocks to get it back down.

That is the moment a coin dies .

I remember something similar happening with Electroneum after it forked the Cryptonight algorithm and it went from ASICs to GPUs. For the first 2 days the difficulity was too high for the few GPU miners to handle it and the devs themselves had to purchase NiceHash power!

[AlloM]

I am still filling my bags with cheap coins because of huge potential. I am very bullish on this revolutionary platform which will make wonderful rise in future.

[Aismen]

I am still filling my bags with cheap coins because of huge potential. I am very bullish on this revolutionary platform which will make wonderful rise in future.

You have no idea how quick you can destroy a coin with huge potential when acting bullish

[JohnDoe3490]

Later edit: total hashrate from nicehash is now 2.6 TH.


Diff 13k

Man, major players into this now.

[RivAngE]

Later edit: total hashrate from nicehash is now 2.6 TH.


Diff 13k

Man, major players into this now.

I've never bothered with NiceHash... how can you see the hashrate that they provide? Do you have to be registered?

[freddyk]

The panic mode has started, the coin is rapidly losing value...)) Vincent's not coming?))
And Yes-Nicehash must die!!!

[Jiil]

Clearly manipulation...

It's not only NiceHash, MiningRigRentals, also WinMiner and several other multi-algo miners. All of them jumps from coin to coin as they see low diff....
Devs have to somehow look at the diff retarget in order to counter this madness.

[Texacha]

It's not only NiceHash, MiningRigRentals, also WinMiner and several other multi-algo miners. All of them jumps from coin to coin as they see low diff....
Devs have to somehow look at the diff retarget in order to counter this madness.

This is exact quote of my post in Discord group.  

[Silent Miner]

Silent Miner v1.1.0

Windows and Linux

Updated kernels
Increases to stability
Increased power efficiency

Windows:
https://mega.nz/#!2K5z1TyD!cmsFagv_lmVyBy_2KO8iQSI9vNoRpZ92etAFjFoz9FQ

Linux:
https://mega.nz/#!CXAXmbDD!jX1GhHdvgM8rqELZGgPZgGzy2CoAJ0tknXtte2wMyoo

[Jiil]

At this rate less than 12h for diff change ;x

[cryptobengal]

current diff ---  41,913   BOOM!!!!

[freddyk]

Difficulty: 41912.93........ajajajaj..

.....facepalm....

[$tuxnet]

 Very disappointing , I had expectations that a currency would hold market value of at least 40 million
Probably missing something a little bigger in this project than adding it to cryptopia.

[Aismen]

Very disappointing , I had expectations that a currency would hold market value of at least 40 million
Probably missing something a little bigger in this project than adding it to cryptopia.

In Coinmarketcap you are missing 400 million coins. that would mean a 36 million market value.

[pengi]

who from the devs thought, when they introduced the coin, that a diff change after 2000 blocks was a good idea

[GL29PA]

Hi everyone,
here is my input for the Ravencoin Community:

http://www.ravencoin.timeline.ovh

Hoping some will find it useful. Please diffuse if so.
Thanks.

[Deadheded]

Lot more buying pressure at cryptopia than crypto-bridge.  Selling pressure is down a good bit.  Volume ( the most important thing IMHO) is down a bit but still 10 times what it was averaging just a week ago.  It is picking up on cryptopia which mean more awareness.  All in all a great week for RVN. 

If the asset layer testing goes well this could see some real interest.

Would luv to see RVN used to register land in Zambia.  But honestly I am not holding my breath that RVN will be the block-chain used.