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

[HerbPean]

Which mining program is the best for the new algo and the RX series ?

I red those 2 are optimized for Vega but apparently will work with the RX series

• Xrig
  Cast XMR

Thanks

[Set Ready Go]

I believe that we will see a 50-60% drop.

After fork 4-500mh

[annapotpot]

Well someone likes to keep the old algorithm and blockchain alive: https://bitcointalk.org/index.php?topic=3256439.msg34021487#msg34021487

What do you guys think about that? If it succeeds then the asics still have work to do than becoming door stoppers.

[Marvell2]

anyway when the diff start to double in a a few days, it will be there .

They will camouflage their asics again and remember they will not sell any, they will mine the hell of it and will sell next year or maybe they will never sell their asics again and day by day camouflage as if it was gpus added to the network.

poor 12k asic buyers.

This is good, one day asic buyers will learn their lesson. If this block keep happens then bitmain and co will never sell asics for coins that are fighting them anymore, they will keep them hidden. The idea here is to change the algo regardless if asics will be released or not. Remember that the coins need to be like our body, our body has immune system, it adapts and kill, if not then take medicines to get better and then that will not work anymore. I worked with adaptive systems my whole life. I have the concept and the skills, If i was to create a coin, it would be 100% immune to anything.

you are quite right, perpetually changing algo is the best way to stop these fuckers

[MagicSmoker]

This is good, one day asic buyers will learn their lesson. If this block keep happens then bitmain and co will never sell asics for coins that are fighting them anymore, they will keep them hidden. The idea here is to change the algo regardless if asics will be released or not. Remember that the coins need to be like our body, our body has immune system, it adapts and kill, if not then take medicines to get better and then that will not work anymore. I worked with adaptive systems my whole life. I have the concept and the skills, If i was to create a coin, it would be 100% immune to anything.

you are quite right, perpetually changing algo is the best way to stop these fuckers

Yeah, as much as it pains me to admit it, I totally agree with @metroid here. Preemptively changing the algo is the only surefire way to stop ASICs.

That said, it isn't the ASIC that is evil, it's Bitmain. ASICs could be a net positive for cryptos because they dramatically lower energy consumption, but when there is only a single company that makes them, and then does the crypto equivalent of insider trading - mining with them for weeks or months before selling them as "new" - well, it's no wonder that company - and their products - are hated.

[not.you]

I suspect that a good chunk of network hash is coming from botnets as well.  I am hoping some of those will be unable to update their hosts\victims quickly and we'll lose some hashrate there as well.   It'll be interesting to see what happens.

[CryptoDocker]

Very excited about this - will go to show how much Bitmain are messing with us

[peterboy1]

Well someone likes to keep the old algorithm and blockchain alive: https://bitcointalk.org/index.php?topic=3256439.msg34021487#msg34021487

What do you guys think about that? If it succeeds then the asics still have work to do than becoming door stoppers.

nah. nah i hope no one will support/buy that coin so it will become a dumping coin.

[peterboy1]

Very excited about this - will go to show how much Bitmain are messing with us

actually, bitmain is laughing to those fools who bought their trash.

[Apocalypse Onion]

actually, bitmain is laughing to those fools who bought their trash.

Maybe the bad publicity will bite Bitmain in the ass. That is, if people stop being pussies and admit they've been shafted.

[antantti]

My bet, XMR -50% ($100-150) when we get closer to the fork, nethash 0.4-0.5G 

[Metroid]

My bet, XMR -50% ($100-150) when we get closer to the fork, nethash 0.4-0.5G  

Maybe you think bitmain will crash xmr? They will be losing millions if they do that but its their choice and I think they will fail it.

I think the opposite, market will see as a good thing and xmr price will grow as all the other coins. Price will only dip if the hard fork fails to contain asics.

[Dell1503]

Which mining program is the best for the new algo and the RX series ?

I red those 2 are optimized for Vega but apparently will work with the RX series

• Xrig
  Cast XMR

Thanks

Cast XMR are also supporting rx 470 up to 580. just use the latest version which support v7.

[antantti]

My bet, XMR -50% ($100-150) when we get closer to the fork, nethash 0.4-0.5G  

Maybe you think bitmain will crash xmr? They will be losing millions if they do that but its their choice and I think they will fail it.
I think the opposite, market will see as a good thing and xmr price will grow as all the other coins. Price will only dip if the hard fork fails to contain asics.

Nothing to do with Bitmain, just some basic market analysis.

With current emission no miner can kill XMR. And that's maybe the biggest problem XMR needs to deal with. Distribution.

[iceTony]

What is best miner for Momero fork, for nvidias ?

[Marvell2]

What is best miner for Momero fork, for nvidias ?

Nvidia is terrible mining cryptonite

but there are some miners check the Sumokoin mining thrread

[adaseb]

Even if the hashrate drops by 50%

It will do little in terms of mining profitability.

You won't be making $10/day with your 1080ti.

The miner revenue for XMR is very small in the grand scheme of things.

In 1 day XMR miner reward was around $650K.

Comparing this to ETH which had a miner reward of $8.1 million.

We need ETH to fork and not XMR

[Metroid]

Even if the hashrate drops by 50%

It will do little in terms of mining profitability.

You won't be making $10/day with your 1080ti.

This is more about vega users, i would never mine xmr if i had a gtx 1080ti, cryptonight is really only amd, well lets see if amd remains the king on the v7.

[Biggums]

....., well lets see if amd remains the king on the v7.

I believe I read a post on support XMR or a tweet from Richardo or something somehwere that stated that v7 was only minor tweek and should not change much as far as hardware performance goes.

We will see              250 blocks to go    

[m.vina]

While -50% hash rate on XMR would be nice because bitmain can go f itself up in the ass, it wouldn't do anything amazing for us small time miners. Sure, -50% means we would probably get double mining profits for a few days. But double of its current profitability at $1 is not so spectacular. Other coins are still more profitable to mine. Interesting but meh. Close but no cigar.