DIY FPGA Mining rig for any algorithm with fast ROI

[omshree]

Are the CVP units going to be sent from an EU company if ordered within it? This is important regarding the high VAT cost.

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[melpheos]

Are the CVP units going to be sent from an EU company if ordered within it? This is important regarding the high VAT cost.

The VAT has already been paid (20% in my case)

[greyday]

Amen to that. Also BM is in a dangerous position because it is the crypto market leader - going after small cap coins with asics just isn't going to pay the increasingly hefty bills. Meanwhile the really big guys (Samsung for example) could annihilate BM from a technical and purchasing firepower point of view. Interesting times.

They already lost $500 million on chip design. Which apparently is part and parcel for chip design process, but still. They won't be going after any small coin/algo.

...and then they announce pre-orders for a Decred ASIC.

[yrk1957]

Amen to that. Also BM is in a dangerous position because it is the crypto market leader - going after small cap coins with asics just isn't going to pay the increasingly hefty bills. Meanwhile the really big guys (Samsung for example) could annihilate BM from a technical and purchasing firepower point of view. Interesting times.

They already lost $500 million on chip design. Which apparently is part and parcel for chip design process, but still. They won't be going after any small coin/algo.

...and then they announce pre-orders for a Decred ASIC.

So Decred is small?

[greyday]

Amen to that. Also BM is in a dangerous position because it is the crypto market leader - going after small cap coins with asics just isn't going to pay the increasingly hefty bills. Meanwhile the really big guys (Samsung for example) could annihilate BM from a technical and purchasing firepower point of view. Interesting times.

They already lost $500 million on chip design. Which apparently is part and parcel for chip design process, but still. They won't be going after any small coin/algo.

...and then they announce pre-orders for a Decred ASIC.

So Decred is small?

It's not huge. And the algo is certainly small, since it's the only coin currently on it, and there are already more efficient miners in production that will hit the market in Nov/Dec. It's a bad call IMO, especially with US customers shying away due to tariffs...

[yrk1957]

It's not huge. And the algo is certainly small, since it's the only coin currently on it, and there are already more efficient miners in production that will hit the market in Nov/Dec. It's a bad call IMO, especially with US customers shying away due to tariffs...

In this case Bitmain was very very late to the game, hence they are dumping their Decred miners before the big ones hit in a couple of months. The pricing reflects a payback in 2 odd months, exactly around the time the big ones come out. They had no choice...

[whitefire990]

Monero is irrelevant to FPGA's.  I have never considered it a viable option and I am not doing any development on it or any of its variants.  Notice that I didn't even list it in my original April 30 post.  There are enough algorithms (without Monero or any cryptonight variant) to support 25000 FPGA's now, and at least one top-40 coin can make >$30/day with a VCU1525/BCU1525.  However, unlike April 30th, I will no longer post information about any 'good' coins until the algorithms are actually ready for download.  I don't expect this type of information to cause anyone to buy an FPGA, but I will say those people who took the risk will be VERY HAPPY THEY DID.  By the time the super profitable algorithms are released, it will be too late for the naysayers to acquire hardware, as the hardware will all be owned by the early adopters.

The same goes for people who bought Bittware CVP-13's in the group order.  A risky choice, but they will be very happy they took the risk.

If you consider that a BCU1525 can hash certain ASIC algorithms like Skein at almost 3 times the rate of a Baikal X/X10, and also do very well on things like Bytom and the equihash variants, there are tons of future possibilities.

Well the April assessment was for 25000 FPGAs with 12000 odd on Monero. Since then coins are down multiple times, and if you take Monero also out, the figure if 25000 still being supported is hard to believe. Though if you are adding Equihash, or BTG with its Equihash variant...

So maybe 50+ KH/s on Equihash/variant?

On the Zetheron website, the breakdown of which algorithms are viable combined with how many FPGA's they can support is intentionally deceptive to throw other companies and developers off the trail.  While some parts of the table were accurate, I left out several of the biggest and most profitable coins and some of the 'supported # of FPGA' numbers were lowballed to make them look unattractive to other developers.  In addition, many up and coming coins that didn't even exist in April have algorithms that are FPGA viable so the total pool of coins that can be mined by FPGA's is increasing, rather than decreasing.

[yrk1957]

On the Zetheron website, the breakdown of which algorithms are viable combined with how many FPGA's they can support is intentionally deceptive to throw other companies and developers off the trail.  While some parts of the table were accurate, I left out several of the biggest and most profitable coins and some of the 'supported # of FPGA' numbers were lowballed to make them look unattractive to other developers.  In addition, many up and coming coins that didn't even exist in April have algorithms that are FPGA viable so the total pool of coins that can be mined by FPGA's is increasing, rather than decreasing.

Very sneaky!

I suppose you can put Sia on the menu now that they are kicking out current ASICs.

[senseless]

On the Zetheron website, the breakdown of which algorithms are viable combined with how many FPGA's they can support is intentionally deceptive to throw other companies and developers off the trail.  While some parts of the table were accurate, I left out several of the biggest and most profitable coins and some of the 'supported # of FPGA' numbers were lowballed to make them look unattractive to other developers.  In addition, many up and coming coins that didn't even exist in April have algorithms that are FPGA viable so the total pool of coins that can be mined by FPGA's is increasing, rather than decreasing.

Very sneaky!

I suppose you can put Sia on the menu now that they are kicking out current ASICs.

I was thinking the same, but they already have their obelisks going.

[COINKING7]

Bitmain is going public and will control every Algo soon. Most cryptos are deciding that forking isn't worth it, [ETH, ZEN, etc.] Monero seems to be the only major project dodging ASICs. So does 6k justify the ability to mine a fork? I'm not a huge Bitmain fan, but let's face it, they have the market cornered and have the ability to undercut competition and install the latest chips. What happens when the VU13P chip becomes perhaps overtaken by the Stratix 10 next year? Will ONE 6k FPGA ever give customers their ROI? In addition, ASICs are plug-and-play, has anyone read through the PDF on the downloads page to get these FPGA's up and running???

I doubt Bitmain will go for small market-cap algorithms (coins) like on Neoscrypt or Lyra2z. Only when they become big like Decred.

But that’s the catch also, FPGA’s will be fine until the coins are small, so low returns overall, as they become bigger, they will attract ASICs.

Lyra2 ASIC...
https://www.ebay.com/itm/Dayun-Zig-Z1-6-8GH-s-Lyra2REv2-Miner-w-PSU-ROI-Innosilicon-A9-Bitmain-Z9-Mini/292751845164?hash=item44295ea72c:g:ts8AAOSwuCdboa36

[yrk1957]

Bitmain is going public and will control every Algo soon. Most cryptos are deciding that forking isn't worth it, [ETH, ZEN, etc.] Monero seems to be the only major project dodging ASICs. So does 6k justify the ability to mine a fork? I'm not a huge Bitmain fan, but let's face it, they have the market cornered and have the ability to undercut competition and install the latest chips. What happens when the VU13P chip becomes perhaps overtaken by the Stratix 10 next year? Will ONE 6k FPGA ever give customers their ROI? In addition, ASICs are plug-and-play, has anyone read through the PDF on the downloads page to get these FPGA's up and running???

I doubt Bitmain will go for small market-cap algorithms (coins) like on Neoscrypt or Lyra2z. Only when they become big like Decred.

But that’s the catch also, FPGA’s will be fine until the coins are small, so low returns overall, as they become bigger, they will attract ASICs.

Lyra2 ASIC...
https://www.ebay.com/itm/Dayun-Zig-Z1-6-8GH-s-Lyra2REv2-Miner-w-PSU-ROI-Innosilicon-A9-Bitmain-Z9-Mini/292751845164?hash=item44295ea72c:g:ts8AAOSwuCdboa36

Lyra2 is decent market cap wise, but the problem is that the network hash is quite small compared to what these ASICs are putting out. I think, the network cannot support more than 10000 ASICs without getting into penny returns per miner. So very doubtful Bitmain or Inno get into it.

[T_Power]

On the Zetheron website, the breakdown of which algorithms are viable combined with how many FPGA's they can support is intentionally deceptive to throw other companies and developers off the trail.  While some parts of the table were accurate, I left out several of the biggest and most profitable coins and some of the 'supported # of FPGA' numbers were lowballed to make them look unattractive to other developers.  In addition, many up and coming coins that didn't even exist in April have algorithms that are FPGA viable so the total pool of coins that can be mined by FPGA's is increasing, rather than decreasing.

Very sneaky!

I suppose you can put Sia on the menu now that they are kicking out current ASICs.

I was thinking the same, but they already have their obelisks going.

Compared to the ASIC's that are continuing on the current software, they will be the “minority” fork.
So maybe now is a good time to contact the Sia Dev’s, and offer them some protection/assistance with the FPGA’s. BCU’s, and even the Acorns could assist the hashrate of their ASIC’s.

[greyday]

It's not huge. And the algo is certainly small, since it's the only coin currently on it, and there are already more efficient miners in production that will hit the market in Nov/Dec. It's a bad call IMO, especially with US customers shying away due to tariffs...

In this case Bitmain was very very late to the game, hence they are dumping their Decred miners before the big ones hit in a couple of months. The pricing reflects a payback in 2 odd months, exactly around the time the big ones come out. They had no choice...

By my rough math it looked like longer. Add in the President Dips**t tax @ 25% and it's just not profitable, even with $.11/kwh electricity, unless Decred's price goes up significantly (which isn't the pattern of coins Bitmain makes miners for, it's usually the exact opposite since, well, the L3 really)...

[olefua3]

Xilinx Alveo boards, just launched, looks like they can take in a lot faster memory bandwidth.  Ideal for memory hard coins.

[Hueristic]

Xilinx Alveo boards, just launched, looks like they can take in a lot faster memory bandwidth.  Ideal for memory hard coins.

Price: $12,995
Lead Time: 4 weeks

[melpheos]

Xilinx Alveo boards, just launched, looks like they can take in a lot faster memory bandwidth.  Ideal for memory hard coins.

Price: $12,995
Lead Time: 4 weeks

Eeeeek, thanks but no thanks

[DevelopmentBank]

You obviously haven't been reading financial news.  Bitmain is almost bankrupt.  Their supposed IPO is now considered an exit scam.  Their mining machines sell for basically nothing, except for the Z9 series.  They are bleeding cash and lost billions by converting their money into Bitcoin Cash which then crashed.  Innosilicon has a better chance to survive.

While this may be true, let's not forget that Bitmain now also has investments in other hot innovations like artificial intelligence. Given they do really lose a lot now that their "precious" bitcoin (tr)cash is running out of gas, i don't see them going bankrupt anytime soon.

[Grumo]

Keccak (Smartcash, Maxcoin): 136GH/s (17GH/s per card x eight) ($160/day at Apr-30 prices)
Tribus (Denarius, Virtus): 16.8GH/s (2.1GH/s per card x eight) ($304/day at Apr-30 prices)
Phi1612 (Luxcoin, Folm): 5.2GH/s (650MH/s per card x eight) ($456/day at Apr-30 prices)
Skunhash (Various coins): 10.4GH/s (1.3GH/s per card x eight) ($261/day at Apr-30 prices)


I wonder what the profits are today. 

Divide all by around 5

Yup.... so ~$5 profit per card. ROI? Maybe 3 years. 

fpga now worst than asic.

already became nice doorstepper ! 

[m5]

fpga now worst than asic.

already became nice doorstepper ! 

How do you define doorstepper? Something with long ROI, or something which cannot earn at least for its electricity?
VCUs electricity cost is still under 20% of earned amount for all the already released algos (and the more profitable algos are only going to come).

[vapourminer]

fpga now worst than asic.

already became nice doorstepper ! 

i dunno. fpga will never be best at any particular algo, but its very hard to outright doorstop them. they will always be able to mine some algo or another with a new bitstream, whereas asics are done for good once their particular algo is no longer used.