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

[generalt]

this was a nice run for gpu's

sad that it is over.

Maybe the rendering projects will take off.

So I have  13x 1080ti's left

eth enlargement pill does work and the cards are actually turning a profit using it.

here are 3 1080ti's on eth
https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

here are 6 1080ti's on zec and lyra2rev2


https://www.nicehash.com/miner/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

I have 4 idle 1080ti's soon to go to eth

It was definitely a good run and a lot of fun but you can't expect it to last forever.

Are you using SMOS for the eth mining?  I tried enabling eth enlargement but the most I got was 48 mhs on some cards and 41 on others.  What are your settings if you don't mind me asking?

[1714487904]

1714487904

[1714487904]

1714487904

[1714487904]

1714487904

[philipma1957]

this was a nice run for gpu's

sad that it is over.

Maybe the rendering projects will take off.

So I have  13x 1080ti's left

eth enlargement pill does work and the cards are actually turning a profit using it.

here are 3 1080ti's on eth
https://www.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje

here are 6 1080ti's on zec and lyra2rev2


https://www.nicehash.com/miner/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

I have 4 idle 1080ti's soon to go to eth

It was definitely a good run and a lot of fun but you can't expect it to last forever.

Are you using SMOS for the eth mining?  I tried enabling eth enlargement but the most I got was 48 mhs on some cards and 41 on others.  What are your settings if you don't mind me asking?

Windows nicehash miner with only ETH picked.

75%
-50
550

[adaseb]

Here is some good news that I googled

http://marketcoinnews.com/2018/07/flood-in-sichuan-china-destroyed-bitcoin-mining-centers/

Sorry to burst your good news bubble but while this mining center in China was flooded and the pictures show a massive amount of ASICs and GPUs, the charts still show that bitcoin difficulty has not at all moved any significantly.

Bitcoin difficulty is still as high as ever. This was probably a much smaller farm then it is portrayed to be.

I've checked the difficulty charts for various coins and haven't noticed a reduction in difficulty either.

Anyone remember that massive fire that took out a farm somewhere in China back in 2014-2015 or so?

Basically the difficulty dropped a bit and we found out about the fire a few months later. And to make matters worse they didn't even have insurance for the farm, so it was a total loss.

There is a photo or two floating around somewhere on the bitcointalk forums.

These days, one farm going down is not going to have much of a major impact unless maybe its a Bitmain farm.

[dragonmike]

My RX570's are all mining ETH on Ethermine.org.
My Vegas are mining CNv7 on Nicehash. On and off. It's getting too hot during the day so I end up turning off the rig completely for 6 hours a day. Tbh it's just barely profitable now so it doesn't bother me too much.
My 1080's are mining obscure x16r/x16s shitcoins. Basically whatever looks like it could gain some value.

[martyroz]

Nicehash has been great today for Lyra2rev2. All 1080ti/1080/1070ti swapped to it.

[MagicSmoker]

...
Basically the difficulty dropped a bit and we found out about the fire a few months later. And to make matters worse they didn't even have insurance for the farm, so it was a total loss.
...

That's probably because Chinese insurance is probably about as useful as a Chinese product warranty... <rimshot!>

[rs1x]

Phil - educate me here. What do you think it will take for the market to see another pump , and based on your educational background do you think we will see one in 2018 ?

Is it as simple as a small bull run , followed by main stream media touting?

It probably isn’t as simple as that , but those two factors probably could help contribute.

[philipma1957]

Phil - educate me here. What do you think it will take for the market to see another pump , and based on your educational background do you think we will see one in 2018 ?

Is it as simple as a small bull run , followed by main stream media touting?

It probably isn’t as simple as that , but those two factors probably could help contribute.

The original concept of pow is turning electrical power into coin.

My gut feeling for the creation of cryptocoin was that the worldwide banking system crashed and burned in 2005-2008

No country in the entire world offered a safe cd / bond at 5%  since 2008.

This came along  to give higher interest so to speak.

Since the world was used to  higher interest rates from 1975 to  2006

Most of the time  mining  pays under 20% each year.

Last year mining paid sick high profit.

So to balance that  asics are now flooding the markets  which  in turn has lowered  a miners rate of return quite a bit. Under 20% profit .

Innosilicon and bitmain have sold an amazing amount of gear and low power guys have been buying and buying and buying.

All this leads me to think

We are not going to get a bull run until  the asic miners stop selling gear.

More on that:

They must have done 1 billion in gear sales in 2018  and much is at lower btc prices.
So when both Innosilicon and bitmain  stop selling  they have a vested interest in a pump of coins.  Since they have a ton of them.



I have most of my profits from 2017 in cash and coin and I want to have more cheap power. buysolar and I don't have enough.

we have a ton of idle gear.   15kwatts of gear are online  21kwatts of gear are offline.

We have built coins back up and we will be getting more solar setup.

[Stubo]

Innosilicon and bitmain have sold an amazing amount of gear and low power guys have been buying and buying and buying.

All this leads me to think

We are not going to get a bull run until  the asic miners stop selling gear.

More on that:

They must have done 1 billion in gear sales in 2018  and much is at lower btc prices.
So when both Innosilicon and bitmain  stop selling  they have a vested interest in a pump of coins.  Since they have a ton of them.

As always, your thoughts are much appreciated. So you are thinking that eventually Innosilicon and Bitmain will stop selling ASIC miners and make their profits via the resulting increased prices of coins? What would their employees do? Also, that would seem to leave the market open for another player to jump in and fill the void by producing their own ASIC miners, right?

[xleejohnx]

Innosilicon and bitmain have sold an amazing amount of gear and low power guys have been buying and buying and buying.

All this leads me to think

We are not going to get a bull run until  the asic miners stop selling gear.

More on that:

They must have done 1 billion in gear sales in 2018  and much is at lower btc prices.
So when both Innosilicon and bitmain  stop selling  they have a vested interest in a pump of coins.  Since they have a ton of them.

As always, your thoughts are much appreciated. So you are thinking that eventually Innosilicon and Bitmain will stop selling ASIC miners and make their profits via the resulting increased prices of coins? What would their employees do? Also, that would seem to leave the market open for another player to jump in and fill the void by producing their own ASIC miners, right?

I’m with Phil on this one.
Basically what will happen is they will stop the sales  of ASICS and what I mean is they won’t sell 300 s9 but only 100 at a time not completely stop production
Then slowly increase the price of bitcoin and altcoins
To where it’ll bring attention to the crypto market again
Thus making a demand on asic product and mining equipment
The two things that will change the game is FPGA become affordable or greens/reds start controlling the market
Like ASICS do to make the demand so they can supply

[philipma1957]

Innosilicon and bitmain have sold an amazing amount of gear and low power guys have been buying and buying and buying.

All this leads me to think

We are not going to get a bull run until  the asic miners stop selling gear.

More on that:

They must have done 1 billion in gear sales in 2018  and much is at lower btc prices.
So when both Innosilicon and bitmain  stop selling  they have a vested interest in a pump of coins.  Since they have a ton of them.

As always, your thoughts are much appreciated. So you are thinking that eventually Innosilicon and Bitmain will stop selling ASIC miners and make their profits via the resulting increased prices of coins? What would their employees do? Also, that would seem to leave the market open for another player to jump in and fill the void by producing their own ASIC miners, right?

I’m with Phil on this one.
Basically what will happen is they will stop the sales  of ASICS and what I mean is they won’t sell 300 s9 but only 100 at a time not completely stop production
Then slowly increase the price of bitcoin and altcoins
To where it’ll bring attention to the crypto market again
Thus making a demand on asic product and mining equipment
The two things that will change the game is FPGA become affordable or greens/reds start controlling the market
Like ASICS do to make the demand so they can supply

@ stubo hard to write perfectly clear.  they  won't stop sales  but they will slow them a lot.  with gaps of time between sales.

remember  the workers are in china    so they may be laid off and on at the companies will.

As for rival companies   GMO  is the only new one  and they have done everything wrong so far.

Here is their newest mistake
https://bitcointalk.org/index.php?topic=4585324.msg41361905#msg41361905

[generalt]

Anybody using a Trezor please be careful.

https://blog.trezor.io/psa-phishing-alert-fake-trezor-wallet-website-3bcfdfc3eced

[philipma1957]

Seeds  stolen sounds bad.

[citronick]

Seeds  stolen sounds bad.

To be exact ... attempts to trick user to enter their seeds via web.

Trezor says.... that seed recovery is never via web, only via Trezor itself.

"...Phishing Alert: Fake Trezor Wallet website:

Late night yesterday, our Support Team started receiving inquiries about an invalid SSL certificate, which serves as a stamp of authenticity of our web services. This can happen for a few reasons, some of which are less serious. Unfortunately, after investigating these reports closer, we found out that the invalid certificate warning appeared because of phishing attempts against Trezor users.

The fake Trezor Wallet website was served to some users who attempted to access wallet.trezor.io — the legitimate address. We do not yet know which attack vector was used, but the signs point toward DNS poisoning or BGP hijacking.

Upon accessing the web, the fake Wallet displayed an alert about device memory damage, asking users to restore their recovery seed. This was the second red flag, as the sentence contained errors...."

[citronick]

BTW....

.... I have several GPUs with bad fans (after abused for 24x7x365 at 100%).

.... I rather have 100% rpm fans with a few more fraction of watts and let them work to death, then a busted GPU.

I got replacement fans 2 x fans for 17$ (for Zotac 1070 Minis) from my China contacts.

https://www.aliexpress.com/item/2pcs-lot-video-cards-cooler-GTX-1070-GPU-fan-For-zotac-GTX1070-MINI-Graphics-Card-GPU/32828408154.html?spm=a2g0s.9042311.0.0.12b54c4dtNeSFt

Anyone having interesting fan replacement experience - please share.

Lessons Learnt:

70% of my AMD farm is RX470s - Sapphires and Gigabytes.

These GPUs are workhorses of miners circa 2016-2017 and non-ball-bearing fans are expected to save costs.

Sapphires, EVGA, Zotac has low count of bad fans.

Worst = Gigabyte (the Auros however are doing fine).

If I could turn back time, avoid lower end Gigabytes GPUs.

[KaydenC]

BTW....

.... I have several GPUs with bad fans (after abused for 24x7x365 at 100%).

.... I rather have 100% rpm fans with a few more fraction of watts and let them work to death, then a busted GPU.

I got replacement fans 2 x fans for 17$ (for Zotac 1070 Minis) from my China contacts.

https://www.aliexpress.com/item/2pcs-lot-video-cards-cooler-GTX-1070-GPU-fan-For-zotac-GTX1070-MINI-Graphics-Card-GPU/32828408154.html?spm=a2g0s.9042311.0.0.12b54c4dtNeSFt

Anyone having interesting fan replacement experience - please share.

Lessons Learnt:

70% of my AMD farm is RX470s - Sapphires and Gigabytes.

These GPUs are workhorses of miners circa 2016-2017 and non-ball-bearing fans are expected to save costs.

Sapphires, EVGA, Zotac has low count of bad fans.

Worst = Gigabyte (the Auros however are doing fine).

If I could turn back time, avoid lower end Gigabytes GPUs.

Those are some expensive fans. Some cheap ones on taobao: https://item.taobao.com/item.htm?spm=a230r.1.14.29.5f9944eexVB9fB&id=538143407251&ns=1&abbucket=18#detail

[citronick]

BTW....

.
.
.

Worst = Gigabyte (the Auros however are doing fine).

If I could turn back time, avoid lower end Gigabytes GPUs.

Those are some expensive fans. Some cheap ones on taobao: https://item.taobao.com/item.htm?spm=a230r.1.14.29.5f9944eexVB9fB&id=538143407251&ns=1&abbucket=18#detail

Thanks - will check them out

[KriptoPenz.info]

BTW....

.
.
.

Worst = Gigabyte (the Auros however are doing fine).

If I could turn back time, avoid lower end Gigabytes GPUs.

Those are some expensive fans. Some cheap ones on taobao: https://item.taobao.com/item.htm?spm=a230r.1.14.29.5f9944eexVB9fB&id=538143407251&ns=1&abbucket=18#detail

Thanks - will check them out

Some of my MSI RX470 Gaming fans started to fail as well.. where y'all order fans in the US? I guess I'll check Ebay.

Edit:
This is the only one I found on ebay, $26 a pair, but it takes a long time to get it from China.. you guys knkow any other place?
Radeon RX570 MSI RX470 ARMOR Graphics Card Cooling fan cooler 2pcs http://r.ebay.com/qitM0N

[dragonmike]

All my RX 570's are Asus Expedition OC's. So far no failure after 15 months of 24/7 use. My EVGA 1080 SC's haven't failed either in 12 months, so far. Fingers crossed it stays like that for a while longer.

[KaydenC]

@ stubo hard to write perfectly clear.  they  won't stop sales  but they will slow them a lot.  with gaps of time between sales.

remember  the workers are in china    so they may be laid off and on at the companies will.

As for rival companies   GMO  is the only new one  and they have done everything wrong so far.

Here is their newest mistake
https://bitcointalk.org/index.php?topic=4585324.msg41361905#msg41361905

In case you haven't found this:  https://www.youtube.com/watch?v=O7TLP3MRS8A

A YouTube interview with GPUHoarder that I think is worth watching on the general topic of FPGA's.

Disclaimer:  I think Seth suffers from ADD and his ego has yet to realize that he is not the "content."  He winks, he grins, he interjects topics to show off his own knowledge -- in other words, he doesn't conduct a very good interview.  The crypto space desperately needs an interviewer who can get to the point, ask questions, and keep the spotlight on the person being interviewed.  But I digress.  Seth is a 'shallowist' whose reach truly exceeds his grasp.  Which is okay, he just needs to keep his ego in check more.  Maybe he'll eventually figure that out.

Anyone who thinks the GPUHoarder/Senseless FPGA, FPGAland.com, endeavor is a scam will be proven wrong.

Happy 4th everyone!

IMO he does a decent job at doing entertaining interviews , I never had the patience to sit through 2hr+ interviews till his videos.

Quality is declining though, with the airhorns/memes. The talks on "proof of useful work" lacks substance. Rendering and distributed compute is more like "proof a 3rd party will pay for your work". The blockchain cannot payout block rewards based on a true false condition with rendering/distributed compute, a 3rd party is needed to confirm the work. Unless it's something that do not require 3rd party input like finding primes or hash collisions. But I'm not a blockchain developer, so what do I know. I also don't see why this can't be centralized like Vectordash.

Btw here's the FPGA/GPUHoarder discord: https://discordapp.com/channels/439880012183896075/451462629823873034
Seth's discord: https://discordapp.com/channels/453737962484662273/453737963059150849