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

[Spill]

block 1546024 took 1hr 26m, 2s to solve!

but your right, at this rate, difficulty drop will take days.   how long does it take to create new asic and start again... seems like an arms race that monero is gonna lose.

Yup that block was painful to watch this is going to take a while,  ohh well turning back to duel mining.

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[B1tUnl0ck3r]

Last 25 blocks took 7 hours

Previous 25 blocks took 40 minutes.

IF you are moving any XMR right now, you may be waiting a while for it.

yeah exactly, wait for the diff readjustment if you are just here to dump, the others... they stick, I am sure .

[dallase]

getting 24% rejected shares on nicehash with the claymore miner v7 any ideas ?

You have to run 11.3 with -pow7

https://bitcointalk.org/index.php?topic=638915.0

[edit] wait, why the hell are you mining xmr right now.  you need to wait a few days for difficulty to re-adjust.

[swogerino]

Monero needs another fork again in 4 weeks just to cure the disease properly.
As said already, Bitmain is probably already well on the way for V7.

SUMOKOIN has now forked to their new heavy version.
Their hash rate is down to 10-20%

That is why as because some of the rigs of my colleagues at work who are using winminer with RX 580 GB 8GB have switched to Sumocoin making about 1.40 dollars per card per day going back to nice profitability. It will be a welcome change for the Monero fork if that will bring difficulty down, probably the RX 580 people will switch back to Monero.

[MinedTangerine]

Monero needs another fork again in 4 weeks just to cure the disease properly.
As said already, Bitmain is probably already well on the way for V7.

SUMOKOIN has now forked to their new heavy version.
Their hash rate is down to 10-20%

That is why as because some of the rigs of my colleagues at work who are using winminer with RX 580 GB 8GB have switched to Sumocoin making about 1.40 dollars per card per day going back to nice profitability. It will be a welcome change for the Monero fork if that will bring difficulty down, probably the RX 580 people will switch back to Monero.

Dream on. I started mining it today, it was 3.5 GH / s. when I started, with great profitability. Right now its already 16 GH /s. I went of at 10 GH / s. Not worth it.
Right now for 6300 H/S you only get 4 sumo per day. Does not even pay my electricity.

[coke15]

I'm a bit confused today about this fork 

same here. one post fork is at 1546000,other post 1546500....

hashrate drop on pools by 30/50%  but/

-global hashrate still grow up,
-diff still up.

WTF?

[heavyarms1912]

I'm a bit confused today about this fork 

same here. one post fork is at 1546000,other post 1546500....

hashrate drop on pools by 30/50%  but/

-global hashrate still grow up,
-diff still up.

WTF?

It would take 720 blocks for diff adjustment after fork.  First 60 blocks will have no change in diff either.

[Nasdaq7]

It would take 720 blocks for diff adjustment after fork.  First 60 blocks will have no change in diff either.

So how many days before Monero difficulty starts to drop significantly - 10 days?

[Shnikes101]

It would take 720 blocks for diff adjustment after fork.  First 60 blocks will have no change in diff either.

So how many days before Monero difficulty starts to drop significantly - 10 days?

As mentioned, once you get past block 60 diff starts adjusting and will pick up pace as it moves down. Watch block time.
My guess is 2 full days. Nothing more than a guess.

[not.you]

It would take 720 blocks for diff adjustment after fork.  First 60 blocks will have no change in diff either.

So how many days before Monero difficulty starts to drop significantly - 10 days?

Not that long.  I am unclear as to how the edge case blocks are selected and then disregarded in terms of how monero retargets difficulty, but after the first 144 blocks (at the most) we should definitely begin to see the difficulty go down.  We are 44 blocks of the way through that 144.  It may well start to head down sooner than that though, on the other hand, it may head up some more as well.  As I say I am unclear on how it determines which blocks are considered the edge case ones that don't get counted towards the next difficulty.  

At any rate, we should see the other side of the first 144 blocks within 24 hours and see a definite reduction in difficulty begin (if it hasn't started before that).  As heavyarms1912 says above, the full extent of what network difficulty will look like will take 720 blocks but once it starts going down, blocks should begin to be a lot faster again so hard to say how long it will take to get those 720.  I would guess that 48-60 hours would be long enough for us to see something like normalcy in terms of block time on the network again, although it could certainly be less time than that.

[yrk1957]

Looks like many ASICs are jumping to ETN, the hashrate on nanopool doubled from 50MH/s to 100MH/s after Monero fork.

[Nasdaq7]

Looks like many ASICs are jumping to ETN, the hashrate on nanopool doubled from 50MH/s to 100MH/s after Monero fork.

I don't care if I have to update my software once a month just to keep the ASICS out, to me, even then it is worth it. I don't know how you people feel about it? If the developers can just keep the config files the same, then it's a simple download and install of the new version...

[heavyarms1912]

Looks like many ASICs are jumping to ETN, the hashrate on nanopool doubled from 50MH/s to 100MH/s after Monero fork.

I don't care if I have to update my software once a month just to keep the ASICS out, to me, even then it is worth it. I don't know how you people feel about it? If the developers can just keep the config files the same, then it's a simple download and install of the new version...

What if Companies like Bitmain start providing incentives to devs/team to procrastinate or avoid updates  

So basically we would know an rough hashrate that came from botnets+ASICs once xmr crosses block 1546720?

[neemaj]

Looks like many ASICs are jumping to ETN, the hashrate on nanopool doubled from 50MH/s to 100MH/s after Monero fork.

I don't care if I have to update my software once a month just to keep the ASICS out, to me, even then it is worth it. I don't know how you people feel about it? If the developers can just keep the config files the same, then it's a simple download and install of the new version...

I agree.. as long as there are companies that don't play by the rules, secretly develop and manufacture ASICs, mine with them and then sell them with profit to unsuspecting public.. despite having only Nvidia cards not suitable for cryptonight, I am mining and supporting Monero today. I would not mind updating my files for any coin every so often to keep the money distribution fair and mining decentralized (as much as possible).

[fanatic26]

I agree.. as long as there are companies that don't play by the rules, secretly develop and manufacture ASICs, mine with them and then sell them with profit to unsuspecting public..

There is so much wrong with an ignorant statement like this I feel I have to respond.


1. What 'rules' are you referring to exactly? Pretty sure there arent any industry wide rules that are accepted as valid.

2. All companies develop new products before announcing them. You are trying to apply malicious intent to a STANDARD INDUSTRY PRACTICE.

3. This might come as a shock, but when you develop a new product, you have to test it to make sure it works. So yea they mine on them, that is how you test a MINER.

4. The unsuspecting public? People have a duty to make their own informed decisions. If they follow others blindly like sheep they deserve to lose their ass on things.

[treanski]

I agree.. as long as there are companies that don't play by the rules, secretly develop and manufacture ASICs, mine with them and then sell them with profit to unsuspecting public..

There is so much wrong with an ignorant statement like this I feel I have to respond.


1. What 'rules' are you referring to exactly? Pretty sure there arent any industry wide rules that are accepted as valid.

2. All companies develop new products before announcing them. You are trying to apply malicious intent to a STANDARD INDUSTRY PRACTICE.

3. This might come as a shock, but when you develop a new product, you have to test it to make sure it works. So yea they mine on them, that is how you test a MINER.

4. The unsuspecting public? People have a duty to make their own informed decisions. If they follow others blindly like sheep they deserve to lose their ass on things.

oh man shut the fuck up you retarded bitmain fanboy...
they´ve been testing them with aroung 1000mhs for months on the cryptonight network, mostly monero. if monero would not have announced a fork they would never sell them

[Bulitt]

I've been mining to dwarfpool and getting accepted results on v7 but my balance is unchanged. Blocks have been found but the unconfirmed doesnt increase. I have a feeling they are funnelling it somewhere. All kinds of fuckery going on with this XMO. They are hoarding all the old algo shares and claiming 70% of the hashing power.

[heavyarms1912]

I agree.. as long as there are companies that don't play by the rules, secretly develop and manufacture ASICs, mine with them and then sell them with profit to unsuspecting public..

There is so much wrong with an ignorant statement like this I feel I have to respond.


1. What 'rules' are you referring to exactly? Pretty sure there arent any industry wide rules that are accepted as valid.

2. All companies develop new products before announcing them. You are trying to apply malicious intent to a STANDARD INDUSTRY PRACTICE.

3. This might come as a shock, but when you develop a new product, you have to test it to make sure it works. So yea they mine on them, that is how you test a MINER.

4. The unsuspecting public? People have a duty to make their own informed decisions. If they follow others blindly like sheep they deserve to lose their ass on things.

I don't think they're doing anything illegal.  More likely unethical stuff. 
Testing for 4-6 months a unit is not brand new Unit anymore; basically testing units for several months is not testing; it's using it.

[B1tUnl0ck3r]

It would take 720 blocks for diff adjustment after fork.  First 60 blocks will have no change in diff either.

So how many days before Monero difficulty starts to drop significantly - 10 days?

As mentioned, once you get past block 60 diff starts adjusting and will pick up pace as it moves down. Watch block time.
My guess is 2 full days. Nothing more than a guess.

thank you that's exactly the answer I was looking for !

I agree.. as long as there are companies that don't play by the rules, secretly develop and manufacture ASICs, mine with them and then sell them with profit to unsuspecting public..

There is so much wrong with an ignorant statement like this I feel I have to respond.


1. What 'rules' are you referring to exactly? Pretty sure there arent any industry wide rules that are accepted as valid.

2. All companies develop new products before announcing them. You are trying to apply malicious intent to a STANDARD INDUSTRY PRACTICE.

3. This might come as a shock, but when you develop a new product, you have to test it to make sure it works. So yea they mine on them, that is how you test a MINER.

4. The unsuspecting public? People have a duty to make their own informed decisions. If they follow others blindly like sheep they deserve to lose their ass on things.

I don't think they're doing anything illegal.  More likely unethical stuff. 
Testing for 4-6 months a unit is not brand new Unit anymore; basically testing units for several months is not testing; it's using it.

you don't get that bitmain is an unit of plaoc whose goal is to attempt to kill all cryptos to try to close all the financial gateway out of the jail that china has become (or maybe always be)? how naive of you...

there is no laws in china, nothing, but banning the quran and making the name of the prophet illegal, jailing people, removing their culture and replacing the native populations by hans... it's the worst hell you can imagine...

[heavyarms1912]

you don't get that bitmain is an unit of plaoc whose goal is to attempt to kill all cryptos to try to close all the financial gateway out of the jail that china has become (or maybe always be)? how naive of you...

there is no laws in china, nothing, but banning the quran and making the name of the prophet illegal, jailing people, removing their culture and replacing the native populations by hans... it's the worst hell you can imagine...

To sum up.  I was being "Polite"