8th Alt coin thread. Or what to do now that asics are all over the place.

[philipma1957]

Link to thread 7

https://bitcointalk.org/index.php?topic=2674194.0


I self modded the thread. I will simply delete nasty attacks on each other about the good or bad of asics vs gpus vs fpgas.

I want focus to be on how to survive the shift.

Do I go all asics?

Do I sell all gpus?

Do I go diverse?

My position is the industry needs to be widespread as possible to create demand for coins.

This year I am no longer focusing on what gear to use.

But how to expand my cheap reliable power.

We know some people can not do this and some can.

My gear today is

16x 1080tis
1rx 560
1rx 460
1 1050ti
13 moonlander usb ltc sticks
12 Antminer L3+ with jstenop low watt software.
5 Hanlong T1
3 Avalon 841
2 ⅔ S-9


https://eggpool.net/index.php?action=miner&miner=b70ba25f241b6e4a888710fa06f1fae1f6fb309954da8a5e424a1b22

[philipma1957]

Spacing

links


1) jstefanop Voltage control


 https://bitcointalk.org/index.php?topic=3546316.0

you can lower you power 100 watts on each L3+
________________________________
2)

simple mining my preferred gpu manager

https://simplemining.net/
____________________________________

3) coins marketcap

https://coinmarketcap.com/
____________________________________________________
4) coinbase no referral

https://www.coinbase.com


this is a referral link

https://www.coinbase.com/join/519a0a349c794dd88100000d

spend 100 bucks as a new customer I get 15 from them not you


_______________________________________





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613924920d6f69325e1b177e1e59cfb4de7477c10761bea54abc35e5

[molivil]

I know I'm staying with GPU's for a while. Still okay profits. And I just like tinkering with PC's as a fun little hobby. 

At some point I'll be looking to do small scale solar - but it'll be a while until I'm in a situation to do that...

7x 1060-3GB, 6x 1060-6GB, 1x 980, 1x RX480-4GB

[VyprBTC]

I like the new direction of the thread. I'll always be tinkering even if it's just a rig to play with.

[vapourminer]

i think the new direction to go is efficiency no matter what gear you run. gonna be interesting to see how low i can get my gpu rig, currently ~1000 watts, hope to drop at least 100 watts and not lose too much hash.

even if gpu mining goes to more or less zero profit i think there will always be a use for a decent "standby" gpu rig (something thats already ROId).. a rig thats kept updated and ready to roll for any new algos that come along, just download a miner and go. theory being any really new algo wont have asics for a few months. get in early, hash with gpu till the big stuff appears, then back to standby status.

i definitely want to grab a fpga, even if its just an experiment. fpga success would probably depend on how fast devs can get a a new algos bitstreams out.

[teskostecenje]

I will hold my 1080tis and mine with them untill they die since they already roid themselfs few times and are still bringing 3$ per card on rvn,was planing at expanding but now will probably wait to see what happens with asics and how good is the new generation of nvidia gpus.Also i think that a lot of people that entered in the mining at the begining of this year will probably look to sell cheap rigs because no moon no lambo for them and they expected 3 month roi

[philipma1957]

I will be searching for smart asics.

WTF is a smart asic Phil?

The L3+   with the voltage software tweak from jstenfanop is a smart asic.

Multiple voltage
Multiple frequncy

Much like a gpu It allows you to keep watts lower.

I can run it at freq 359 mining 470mh and using 667 watts on a titanium psu like the corsair ax1500i

I can also do the same settings and pull 690 watts on the antminer apw3+

If I choose I can lower freq to 312 and do 406 hash using 575 watts on the evga titanium 750  which can be found on sale.

I also may go for a solar design with buysolar used to mine in the day with 2 L3+ or 1 avalon 841

Now this means 5 hours of free power on average and you have the option to use utility power or simply not mine when there is not enough daylight.

That decision would be yours but if power cost is too high you just solar mine if coins get hot you buy power from your power company. To night mine.

The 2 year warranty on the avalon 841 allows you to do this.



2e9af1c92907c813




 edf2d63cdf0b6275ead22c9e6d66aa8ea31dc0ccb367fad2e7c08a25

[dragonmike]

Welcome to thread 8!

Personally not looking at ASICs still. Keeping a close eye on the fpga conversations. For now still mining with

14x RX570
6x Vega56@64
5x GTX 1080

...and helping friends to manage their rigs (similar constellations to the above).

If I expanded anything currently it would be more RX570's or fpga's if they became a thing... and if so would probably be ready to go in big.

I think buying ASICs now is still a sh*t trade. Bitmain & co only sell their product when profitability is falling. As Phil already mentioned several times, get the first batch and you might make money. Get the second and you'll barely break even. Get the third... and you lose.

[citronick]

.
.
This year I am no longer focusing on what gear to use.
But how to expand my cheap reliable power.
.
.

The above caught my attention from Phil's post because as I mentioned before,

1. 2018 and beyond will be very bullish for cryptos and a clear turning point - with wall street money coming into cryptos, expect BTC price to be above $25k very soon. Therefore, you need to be invested in BTC when that peak happens, and justify why we are in mining.

2. GPU vs ASICs - this game is impossible for us miners to chase - this game is well above us sad to say and in the hands of manufacturers like Bitmain, Canaan, Baikals, Halongs etc. I buy ASICs when they are on sales ...

3. The critical success factor for profitable mining is POWER - access to cheap power. If you are home mining and limited in scale, then may not too big of a problem. But if you operate a mining farm or have a few dozen rigs or ASICs, you need to have affordable power... like hydro, geo-thermal, solar etc.

4. Crypto trading - for those who are strictly only mining - start a investment portfolio (in exchange or Trezor/Ledger). This is good strategy to diversify your mining operations (ie. some coins to sell and some to keep short & long term).

My group has some similar views like Phils -- the gear doesnt matter anymore - otherwise we will going in circles. My group decided to focus on "coins/algos" to leverage, in particular Scrypt and SHA256 -- we believe these 2 algos has best bet in the short and long term. Using pools like zpool, Nicehash, esp. MPH, Prohashing enables us to use whatever gear we have and get coins that we want to accumulate (BTC, ETH & LTC).

My group's mining operations now spans 3 countries (to leverage cheapest power on earth) and I have access to all of them via MRR, VPNs and Teamviewer. Its been a great ride so far, and we are far from giving up mining for good.

[philipma1957]

Welcome to thread 8!

Personally not looking at ASICs still. Keeping a close eye on the fpga conversations. For now still mining with

14x RX570
6x Vega56@64
5x GTX 1080

...and helping friends to manage their rigs (similar constellations to the above).

If I expanded anything currently it would be more RX570's or fpga's if they became a thing... and if so would probably be ready to go in big.

I think buying ASICs now is still a sh*t trade. Bitmain & co only sell their product when profitability is falling. As Phil already mentioned several times, get the first batch and you might make money. Get the second and you'll barely break even. Get the third... and you lose.

I liked gpus due to long warranty and with the solar array profit becomes pretty much certain.

Asics don't have good warranty service which makes another risk for me.

I will start my efforts at power finding good gear that works and does not kill power.

Since I run 30 amp 240 pdus.  1300 watt miner x 4 = 5200 watt or good gear.

So the Halong t1 on low setting = under 1300 watt
the  avalon 841 on low clocks = under 1200 watts
the s9  is tricky
the s9i is possible to go under 130 watts

gpu rigs I want under 1000 watts  if I use atx  the corsair rm1000x is on refurb for 139
 
https://www.corsair.com/us/en/Categories/Products/Certified-Refurbished/Power-Supplies/RMx-Series%E2%84%A2-RM1000x-%E2%80%94-1000-Watt-80-PLUS%C2%AE-Gold-Certified-Fully-Modular-PSU-%28NA%29-%28Refurbished%29/p/CP-9020094-NA/RF

they run 20% sales  2 or 3 times a year so with shipping I get these at 111.11


I don't trade much.

I rather mine then sell and hodl that coin.

RVN  I mined and sold 8000 (iirc) I hodl 5200  if the 5200 become delisted zero value I would still have made more fiat then the power i spent to mine them.
SIA   I mined and sold some and sold the rig at a profit.  I hodl 2000 sia  if they turn to zero I would still have made more fiat then the power and the cost of the miner.
BIS   is my next mine and sell some hodl some.

I hold cash
I hold BTC
I mine LTC sell and hodl.

Lets face it I got back into gpus early 2016 from 1 gpu to 65 but they were rx 480s only worth 300 or so for each one.

I turned everything from amd to nvidia in 2017 timing was really good. I was over 80 nvidia 1070ti 1070 1080 1080ti by Jan I 2018 I had 81 gpus

When I saw I could sell them slightly over MSRP and be the best seller anywhere I sold most off.

I am not hurting for cash.  But I see for me and buysolar we have to expand the solar power this year.

[Elder III]

We're still mining with 12 rigs and have 3 more rigs that only need GPUs to be ready to mine again. We're waiting for Nvidia or AMD to release their new series, but who knows when that will be.... All of our rigs are 100% ROI, so we don't need to have high profits for it to be worth running them. 

I'm pretty interested in the FPGA news that is out there, but our number 1 priority for 2018 is to see if we can install a natural gas generator to provide almost all of our electricity.  If that is possible and fits the budget it will make mining long term a viable option for us.

[rs1x]

We're still mining with 12 rigs and have 3 more rigs that only need GPUs to be ready to mine again. We're waiting for Nvidia or AMD to release their new series, but who knows when that will be.... All of our rigs are 100% ROI, so we don't need to have high profits for it to be worth running them. 

I'm pretty interested in the FPGA news that is out there, but our number 1 priority for 2018 is to see if we can install a natural gas generator to provide almost all of our electricity.  If that is possible and fits the budget it will make mining long term a viable option for us.

What is the advantage of the natural gas generator?  Is it cheaper to power rigs via natural gas generator than with regulator electric?

[rs1x]

.
.
This year I am no longer focusing on what gear to use.
But how to expand my cheap reliable power.
.
.

The above caught my attention from Phil's post because as I mentioned before,

1. 2018 and beyond will be very bullish for cryptos and a clear turning point - with wall street money coming into cryptos, expect BTC price to be above $25k very soon. Therefore, you need to be invested in BTC when that peak happens, and justify why we are in mining.

2. GPU vs ASICs - this game is impossible for us miners to chase - this game is well above us sad to say and in the hands of manufacturers like Bitmain, Canaan, Baikals, Halongs etc. I buy ASICs when they are on sales ...

3. The critical success factor for profitable mining is POWER - access to cheap power. If you are home mining and limited in scale, then may not too big of a problem. But if you operate a mining farm or have a few dozen rigs or ASICs, you need to have affordable power... like hydro, geo-thermal, solar etc.

4. Crypto trading - for those who are strictly only mining - start a investment portfolio (in exchange or Trezor/Ledger). This is good strategy to diversify your mining operations (ie. some coins to sell and some to keep short & long term).

My group has some similar views like Phils -- the gear doesnt matter anymore - otherwise we will going in circles. My group decided to focus on "coins/algos" to leverage, in particular Scrypt and SHA256 -- we believe these 2 algos has best bet in the short and long term. Using pools like zpool, Nicehash, esp. MPH, Prohashing enables us to use whatever gear we have and get coins that we want to accumulate (BTC, ETH & LTC).

My group's mining operations now spans 3 countries (to leverage cheapest power on earth) and I have access to all of them via MRR, VPNs and Teamviewer. Its been a great ride so far, and we are far from giving up mining for good.

I've been using ZPOOL / ahashpool to get payouts in btc.  How do you determine what coin you're cards are best suited to mine?

Do you look at the actual 24 hours column at all?  



edit: pasted wrong picture first time.

[Marvell2]

200 mix of rx 500 and 400 mining eth and c7
50 rx cards sitting idle awaiting warranty return , these are cards paid some bought end of 2016 so still in warantI have no where to put them so slacking on replacing.
100 mix of 1060 6gb to 1080ti, 1070ti and 1070s all purchased last year near map all mining raven
i have 100 rigs in the house poor power cost .15 kw
200 in garage good power cost .08.
too hot to  put more in the garage , working on purchasing a heat pump system.

got 4 vegas mining c7 to

also have 4 s9s and 3 A3s and 3 d3 all off fir the summer.

not burying any more asics except maybe a dcred mining to speculative mine
not buting gpus either till next gen

[Mashy81]

I love the challenge of gpu mining and I love the chance to stick it to the 'man' which was always my hope with gpu mining.  Now fhe big boys trying to take over everything.
I like to see how CN7 plays out. I think there is good support for these types of coins.
I'm all rx and vegas.
A few asics but they are turned off as I don't have cheap power.

My plan this year is to fine tune as much as possible all my individual cards to reduce power. There is always a sweet spot somewhere with every card and when you find it it's a great feeling. The almost infinite combos of voltage/memory/gpu.

[arielbit]

crypto/altcoin is a huge playground

CPU
AWS
GPU
FPGA
ASIC
POS
masternodes
trading bots/trading
investments
catch a pump and dump
renewable energy
altcoin holdings
BTC
fiat money

always try new things smartly and be smart on what you have.

[BSAlex]

our number 1 priority for 2018 is to see if we can install a natural gas generator to provide almost all of our electricity.  If that is possible and fits the budget it will make mining long term a viable option for us.

I've make some analyzes of available options and find that natural gas generators using standart combustion engine have too big maintanance cost if you are using them continiously. The viable option is turbine generator. You may find interesting to check https://www.capstoneturbine.com/products/c30

We used it in a project that have to use biogas as the fuel but as for now the project is stuck at R&D stage so I have no hands-on experience with the generator. Low maintanance, high efficiency and exellent scalability and low entry price are exellent for jump-start. The last time I check it was $50k for 30kW including shipping and installation but it may vary a lot around the globe.

[dragonmike]

On a sidenote, since we're talking about power, my provider here in London (British Gas) was going to increase prices to over £0.16/KWh (that's US$ 0.22!)... so I'm in the process of switching. That'll bring me back down to £0.11 ($0.15). Every little helps!

[BSAlex]

What is the advantage of the natural gas generator?  Is it cheaper to power rigs via natural gas generator than with regulator electric?

You can get natural gas for as low as $100 per 1000 cubic meters, it is usually 10 000 kW*hours - $0.01 per kW*hour
Modern high-power turbine generators go as far as 42% efficiency so we can expect something around $0.03 per kW*hour
Not bad at all. But you should seriously consider how long it will take to ROI. If you have some need for secondary heat output (say hot-water for sale) it helps a lot in terms of ROI. Unfornutaly at the moment we got $300 for natural gas locally and $0.05 for electricity so I have no chance to proof my studies for-real :-(.

[DevonMiner]

On a sidenote, since we're talking about power, my provider here in London (British Gas) was going to increase prices to over £0.16/KWh (that's US$ 0.22!)... so I'm in the process of switching. That'll bring me back down to £0.11 ($0.15). Every little helps!

That's interesting, I've been on £0.1282 with BG, they now want £0.16 as they did from you. Best I've been quoted is £0.1321 ($.18) from Scottish Power ... out of interest, who are you switching to?