Monero Fork in one day.. hash rate drop predictions ?

[peterboy1]

i switched about 90% of my hashpower yesterday from ETH to CryptonightV7 (via Nicehash) since it's so profitable.

reasons for using nicehash instead of monero directly.

1. simplicity is valuable to me, no need to manually trade
2. I try to only deal in coins supported by coinbase/GDAX. Since I'm US based, they're really the only exchange i trust.
3. NH pays me in BTC, which I trade straight to ETH for HODLing.
4. NH is still paying significantly more than mining ETH straight
5* (Bonus for everyone on cryptonightV7) Power use is about 30% lower than ETH! lower electric cost and lower heat all around

you can certainly make more mining Monero straight if you dont mind trading on second tier exchanges (IMO), and the little bit of extra work. Personally I'm more interested in the long term prospects of ETH so that's what im focused on holding and putting my efforts towards.

So you are supporting ETH - the coin that is going to leave gpu miners alone with asics and pos centralization. Rich become more rich ))

theres literally no proof any ETH ASIC even exists.

the E3 is a GPU based system IMO. the hash/watt ratio is clear as day that its GPU based and not a true ASIC. people are worried about nothing. if the devs fork, it will likely not have much impact as i bet the E3's can be updated to support it just as any other GPU system can.

ETH devs do not support ASICs, they are just calling Bitmains bluff.

IMO, bitmain wants a fork to happen, because it wouldn't affect the E3 and they know a second fork would not be acceptable to the community. so they want to fool the devs to forking, so they can develop a TRUE ASIC for the fork.

chess, not checkers

yeah. there was really no literal proof of xmr asic as well before. guess what? now its literally real.

you think e3 is the real one? no, they are mining the real one. are you guys not wodering eth diff is still not droping hence the eth price?

and lots of noobs amd miners mining at nh, surely, their rigs are pointing at cn7 now. but hey, eth diff is still not improving.

and i dont get your logic using nicehash to get eth. still you have the hassle trading. why not xmr > eth directly? because i agree with the other guy, nh is a cancer to mining community. typical coin dumpers.

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[Metroid]

yeah. there was really no literal proof of xmr asic as well before. guess what? now its literally real.

you think e3 is the real one? no, they are mining the real one. are you guys not wodering eth diff is still not droping hence the eth price?

and lots of noobs amd miners mining at nh, surely, their rigs are pointing at cn7 now. but hey, eth diff is still not improving.

and i dont get your logic using nicehash to get eth. still you have the hassle trading. why not xmr > eth directly? because i agree with the other guy, nh is a cancer to mining community. typical coin dumpers.

Ignore the trolls, let them live on in a fantasy world where they think everything is fair and just.

[gsrcrxsi314]

yeah. there was really no literal proof of xmr asic as well before. guess what? now its literally real.

you think e3 is the real one? no, they are mining the real one. are you guys not wodering eth diff is still not droping hence the eth price?

and lots of noobs amd miners mining at nh, surely, their rigs are pointing at cn7 now. but hey, eth diff is still not improving.

and i dont get your logic using nicehash to get eth. still you have the hassle trading. why not xmr > eth directly? because i agree with the other guy, nh is a cancer to mining community. typical coin dumpers.

the E3 is a real product. doesn't mean its a real ASIC  . Yes they may have something like the "F3" (though that particular vid is probably fake), but i dont think the devs should fork "just because" on that hunch if it causes other problems with their future plans.

NH to ETH because:
NH -> coinbase : free
Coinbase -> GDAX(BTC) : free
BTC -> ETH : free (limit sell)
GDAX(ETH) -> Coinbase : free
thats why.

[nsummy]

i switched about 90% of my hashpower yesterday from ETH to CryptonightV7 (via Nicehash) since it's so profitable.

reasons for using nicehash instead of monero directly.

1. simplicity is valuable to me, no need to manually trade
2. I try to only deal in coins supported by coinbase/GDAX. Since I'm US based, they're really the only exchange i trust.
3. NH pays me in BTC, which I trade straight to ETH for HODLing.
4. NH is still paying significantly more than mining ETH straight
5* (Bonus for everyone on cryptonightV7) Power use is about 30% lower than ETH! lower electric cost and lower heat all around

you can certainly make more mining Monero straight if you dont mind trading on second tier exchanges (IMO), and the little bit of extra work. Personally I'm more interested in the long term prospects of ETH so that's what im focused on holding and putting my efforts towards.

So you are supporting ETH - the coin that is going to leave gpu miners alone with asics and pos centralization. Rich become more rich ))

You need to invest with your mind and not your emotions.  POS actually discourages centralization.  Also I am curious how you convert your altcoins to fiat considering almost everything with a fiat trading pair is mined with an ASIC.

[gsrcrxsi314]

Ignore the trolls, let them live on in a fantasy world where they think everything is fair and just.

LOL. I'm weak. you're the largest troll on this forum. 

[boxalex]

Don't nail me please, but here a bit different view about asics.

I do not own neither purchased any of the cryptonite asics, just trying to see a bit bigger picture than asic is bad, gpu is good.


First of all, let bitmain aside for a moment as a lot of other asic producers are comming up, only to mention some: Baikal, Halong, Innosilicon, Pinidea and some others.

Second, for a given coin or algo asics are perfect in the meaning that they support that given algo/coin/network literally forever. I mean you can not switch with a S9 SHA256
Asic mashine just to Groestl because Groestlcoin is more profitable this week, just as an example.

I'am pretty sure many coins and projects forget exactly of that little nice feature an asic provides. And i would not wonder if a given coin that hardforks away from an Asic Algo
a sudden is left without hashpower at all for its network. Pretty sure we will see such scenarios soon.

The nature of GPU mining, nothing bad with it, is that they are just flexible and can swith within seconds to whatever algo they desire. Lets say tomorrow comes out a new algo,
with a new coin that gives double the profit of monero, eth or whatever you want and what you mind? I bet 90% are switching immediatly to gain maximum profit out of their
Rigs, not? I'am not a dev, but i could imagine that a dev that hardforked the coin for its miner community won't feel good if in such scenario he is finally left neither with gpu
hashs nor with asics.....

Here comes just in my mind, isn't it very centralized if a single dev anyway, without the community or referendum, chooses to switch or do whatever? Just as a side note.

What about possible 51% attacks? The lower the hasrate the higher the chance of a 51% attack. The more asics on an algo (decentralized!), the less chance of a 51% hashattack.

What about energy efficiency? An asic is by his whole design just more energy efficient as a gpu, cpu or whatever at this stage, fact.

Finally, i'am pretty sure there is a reason that major coins will not hardfork away from asic for exactly some of the reason described. Each hardfork is a risk for a coin, a bad fork
can as much as destroy everything built up so far. Each fork has for sure some new security risks and i bet every good developer or project knows that, at least these that got somewhere
allready and have to loose a lot. A fork is not that easy as it may sound, its just that, risky.

This said, i agree that asic should not belong to a single company or farm, no doubt here. In the name of decentralication i bet its even the intention why all asic producers even sell
their mashines as they must be well aware that keeping ALL of them would immediatly raise red flags on everybody that is for a decentralized crypto world.

I think an asic miner guy is just doing the same job as a gpu miner guy, just different approaches on different coins and algos, even it gets mixed by now a bit.

I just think throwing all hate to asics itself is not right, nor fair, nor good, neither for the crypto community, nor for anybody.

Please no offendings, no need for it just for a bit different view of things.

[philipma1957]

Don't nail me please, but here a bit different view about asics.

I do not own neither purchased any of the cryptonite asics, just trying to see a bit bigger picture than asic is bad, gpu is good.


First of all, let bitmain aside for a moment as a lot of other asic producers are comming up, only to mention some: Baikal, Halong, Innosilicon, Pinidea and some others.

Second, for a given coin or algo asics are perfect in the meaning that they support that given algo/coin/network literally forever. I mean you can not switch with a S9 SHA256
Asic mashine just to Groestl because Groestlcoin is more profitable this week, just as an example.

I'am pretty sure many coins and projects forget exactly of that little nice feature an asic provides. And i would not wonder if a given coin that hardforks away from an Asic Algo
a sudden is left without hashpower at all for its network. Pretty sure we will see such scenarios soon.

The nature of GPU mining, nothing bad with it, is that they are just flexible and can swith within seconds to whatever algo they desire. Lets say tomorrow comes out a new algo,
with a new coin that gives double the profit of monero, eth or whatever you want and what you mind? I bet 90% are switching immediatly to gain maximum profit out of their
Rigs, not? I'am not a dev, but i could imagine that a dev that hardforked the coin for its miner community won't feel good if in such scenario he is finally left neither with gpu
hashs nor with asics.....

Here comes just in my mind, isn't it very centralized if a single dev anyway, without the community or referendum, chooses to switch or do whatever? Just as a side note.

What about possible 51% attacks? The lower the hasrate the higher the chance of a 51% attack. The more asics on an algo (decentralized!), the less chance of a 51% hashattack.

What about energy efficiency? An asic is by his whole design just more energy efficient as a gpu, cpu or whatever at this stage, fact.

Finally, i'am pretty sure there is a reason that major coins will not hardfork away from asic for exactly some of the reason described. Each hardfork is a risk for a coin, a bad fork
can as much as destroy everything built up so far. Each fork has for sure some new security risks and i bet every good developer or project knows that, at least these that got somewhere
allready and have to loose a lot. A fork is not that easy as it may sound, its just that, risky.

This said, i agree that asic should not belong to a single company or farm, no doubt here. In the name of decentralication i bet its even the intention why all asic producers even sell
their mashines as they must be well aware that keeping ALL of them would immediatly raise red flags on everybody that is for a decentralized crypto world.

I think an asic miner guy is just doing the same job as a gpu miner guy, just different approaches on different coins and algos, even it gets mixed by now a bit.

I just think throwing all hate to asics itself is not right, nor fair, nor good, neither for the crypto community, nor for anybody.

Please no offendings, no need for it just for a bit different view of things.

This world has 7 to 8 billion people.

About 1 billion could gpu mine

killing off  a billion possible customers is moron stupid.

all asics = death to coins for the common man.


some asic and some gpu coins works.

read  my signature thread.

roads = asics
car, trucks, taxis ,buses = gpus

what good are lots of roads  with no cars trucks taxis buses.

answer =   the roads are worthless

[DevelopmentBank]

Don't nail me please, but here a bit different view about asics.

I do not own neither purchased any of the cryptonite asics, just trying to see a bit bigger picture than asic is bad, gpu is good.


First of all, let bitmain aside for a moment as a lot of other asic producers are comming up, only to mention some: Baikal, Halong, Innosilicon, Pinidea and some others.

Second, for a given coin or algo asics are perfect in the meaning that they support that given algo/coin/network literally forever. I mean you can not switch with a S9 SHA256
Asic mashine just to Groestl because Groestlcoin is more profitable this week, just as an example.

I'am pretty sure many coins and projects forget exactly of that little nice feature an asic provides. And i would not wonder if a given coin that hardforks away from an Asic Algo
a sudden is left without hashpower at all for its network. Pretty sure we will see such scenarios soon.

The nature of GPU mining, nothing bad with it, is that they are just flexible and can swith within seconds to whatever algo they desire. Lets say tomorrow comes out a new algo,
with a new coin that gives double the profit of monero, eth or whatever you want and what you mind? I bet 90% are switching immediatly to gain maximum profit out of their
Rigs, not? I'am not a dev, but i could imagine that a dev that hardforked the coin for its miner community won't feel good if in such scenario he is finally left neither with gpu
hashs nor with asics.....

Here comes just in my mind, isn't it very centralized if a single dev anyway, without the community or referendum, chooses to switch or do whatever? Just as a side note.

What about possible 51% attacks? The lower the hasrate the higher the chance of a 51% attack. The more asics on an algo (decentralized!), the less chance of a 51% hashattack.

What about energy efficiency? An asic is by his whole design just more energy efficient as a gpu, cpu or whatever at this stage, fact.

Finally, i'am pretty sure there is a reason that major coins will not hardfork away from asic for exactly some of the reason described. Each hardfork is a risk for a coin, a bad fork
can as much as destroy everything built up so far. Each fork has for sure some new security risks and i bet every good developer or project knows that, at least these that got somewhere
allready and have to loose a lot. A fork is not that easy as it may sound, its just that, risky.

This said, i agree that asic should not belong to a single company or farm, no doubt here. In the name of decentralication i bet its even the intention why all asic producers even sell
their mashines as they must be well aware that keeping ALL of them would immediatly raise red flags on everybody that is for a decentralized crypto world.

I think an asic miner guy is just doing the same job as a gpu miner guy, just different approaches on different coins and algos, even it gets mixed by now a bit.

I just think throwing all hate to asics itself is not right, nor fair, nor good, neither for the crypto community, nor for anybody.

Please no offendings, no need for it just for a bit different view of things.

Pretty idiotic wall of text with no substance.

1. Let bitmain aside? All the other companies you mentioned are nothing compared to bitmain's scale. Don't you know that? Learn to research little kid.
2. A coin doesn't need to support 1 algo forever. Is that a rule you came up with in your mind? Look at monero and cryptonight, cryptonight V7, cryptonight-heavy etc
3. You are completely missing the point of 51% attack. Bitmain is the one who might attack coins with 51% because they have too many ASICs.

Didn't even bother to read further because your arguments are stupid.

[CryptoPlay]

Here are my numbers:

SupportXMR mined 31 blocks out of first 130 V7 blocks, with less than 36MH/s, so the network hashrate is:

36 x 130 / 31 =  151 MH/s

Just to let you know, this guy here from page 6 was the first to get it right!
The hash after the fork was 160Mh/s and day after went to 250Mh/s and now is 400Mh/s with several new users(min 100Mh/s) from ETH network.

This user deserve some MERIT.
I cant provide! Please...do the right thing!

[gsrcrxsi314]

welp. looks like the good profits from XMR are over. ETH is now more profitable again since the diff has more than doubled after the initial drop off point.

was only good for about a day lol. back to ETH.

[Marvell2]

welp. looks like the good profits from XMR are over. ETH is now more profitable again since the diff has more than doubled after the initial drop off point.

was only good for about a day lol. back to ETH.

profits look even to me, xmr uses like half the power
of ethhash though so its more profit for me in the long run so ill stay on xmr
plus fork the eth devs for faltering on thier asic resistance promise

[gsrcrxsi314]

XMR uses ~70% of the power of ETH on my systems. diff is way up and monero's price has dipped. you have to check the real current diff, not the 24hr diff that whattomine uses, plug in the current diff and its a different story

ETH: 450MH @ 1975W; Rev. $14.57, Cost $6.09, Profit $8.48
vs
XMR: 9750H/s @1390W; Rev. $11.73, Cost $4.29, Profit $7.44

ETH wins again.

[InoCoin]

XMR uses ~70% of the power of ETH on my systems. diff is way up and monero's price has dipped. you have to check the real current diff, not the 24hr diff that whattomine uses, plug in the current diff and its a different story

ETH: 450MH @ 1975W; Rev. $14.57, Cost $6.09, Profit $8.48
vs
XMR: 9750H/s @1390W; Rev. $11.73, Cost $4.29, Profit $7.44

ETH wins again.

Great test!

[Marvell2]

XMR uses ~70% of the power of ETH on my systems. diff is way up and monero's price has dipped. you have to check the real current diff, not the 24hr diff that whattomine uses, plug in the current diff and its a different story

ETH: 450MH @ 1975W; Rev. $14.57, Cost $6.09, Profit $8.48
vs
XMR: 9750H/s @1390W; Rev. $11.73, Cost $4.29, Profit $7.44

ETH wins again.

I have far better power use numbers that what you have im close to 60 percent less power
all my cards are modded and undervolted though.

i have 8300 mhs of eth or 230,000 mhs of xmr v7

according to nanopool my xmr hash pays out $270 a day or so

using etherscan calulator which is pretty much on point for me
$240 for the 8100 mhs of eth .

also my xmr miners are no fee so i have that stupid claymore downtime mining
which tends to steal around 2% of my hash.

just my results, yours may differ

[Metroid]

I have far better power use numbers that what you have im close to 60 percent less power
all my cards are modded and undervolted though.

How much watts per card? total watts of the system and divided by number of cards.

for example, a system with 5 gpus will use 520 watts total xmr, eth 675. So when you say 60%, my 520 watts is for you 380 watts?

[MinedTangerine]

Hm, diffiulty rose 100 MH in a day. So that is 100.000 KH. That mean more then 100.000 RX 580 cards. Man that is a lot of power moving to Monero.

[Metroid]

Hm, diffiulty rose 100 MH in a day. So that is 100.000 KH. That mean more then 100.000 RX 580 cards. Man that is a lot of power moving to Monero.

Maybe somebody found a loophole and shit happened, lets see how difficulty will go from here. xmr is mainly for vega.

[Marvell2]

I have far better power use numbers that what you have im close to 60 percent less power
all my cards are modded and undervolted though.

How much watts per card? total watts of the system and divided by number of cards.

for example, a system with 5 gpus will use 520 watts total xmr, eth 675. So when you say 60%, my 520 watts is for you 380 watts?

average is around 60-85 watts per card calculated by my pdu so 560 watts for my 8 gpu rigs
compared to 110-130 Watts on eth

I find i can run 2-3 more rigs per 30 amp 240v panel vs eth so I think the power usage is alot better than 70%

[treanski]

Shitkal & Shitmain had enough time & all needed information to make Asics for V7, because monero devs are lazy retarded fucktards who thinks with some minor changes they can keep off asics.

Shitkal & Shitmain now just turning on their Asics again, next week difficulty will be back to 1GHS++

[Metroid]

average is around 60-85 watts per card calculated by my pdu so 560 watts for my 8 gpu rigs
compared to 110-130 Watts on eth

I find i can run 2-3 more rigs per 30 amp 240v panel vs eth so I think the power usage is alot better than 70%

In my case, tests I conducted for the whole system, measured at the wall with smartplug, 683 watts eth 152mhs, 520 watts xmr 4350hs, system with 5 gpus, my calculation is 25% power saving, aside from the gpus, i think the system use a total of 100watts just to turn it on, also i believe xmr can be a lot more underclocked if the memory is elpida.