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

[Tidsdilatation]

How are the electric price in the USA? Here in northern europe price is skyrocketing due to frozen lakes and that we have to import power due to closing nuclear reactors. Im curreltly on all time high costs of 0.5dollar/kWh. Its crazy, this cannot continue or im out of buissnies.

[1714132016]

1714132016

[1714132016]

1714132016

[1714132016]

1714132016

[Stubo]

How are the electric price in the USA? Here in northern europe price is skyrocketing due to frozen lakes and that we have to import power due to closing nuclear reactors. Im curreltly on all time high costs of 0.5dollar/kWh. Its crazy, this cannot continue or im out of buissnies.

In Virginia, I am paying $0.11/kWh which I suppose is neither good nor bad.

[Marvell2]

How are the electric price in the USA? Here in northern europe price is skyrocketing due to frozen lakes and that we have to import power due to closing nuclear reactors. Im curreltly on all time high costs of 0.5dollar/kWh. Its crazy, this cannot continue or im out of buissnies.

its summer rates now so .10 to .12 here in the midwest

[BSAlex]

A great insight into current mining from an ASIC manufacturing team. Worth reading IMHO.
https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b

[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.
...
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.
...

....
So if there are pioneers here on the FGPA wagon, would love to hear their insights over the next few months.

well  there is the fpga thread
...

Couldn't you say that about a lot of miners though?  Any miner with a dev fee "never ends."  Seeing the posts of everyone complaining int SP_'s thread really just proves there is not a good solution;  People complain even more when he charges up front with no dev fee.  In this scenario I believe the dev fee will actually incentive the dev to keep the project going.  He doesn't get paid unless the cards are profitable.  Sometimes you have to spend money to make money.  I'm hoping this won't become mainstream

4% is high and 5000 for an fpga is high .  It creates economic barriers.
My position is I want 1000 or 2000 or 3000 coins.
Why this creates a big market for traders.
Why is that good for miners
Traders create demand for coins
Why is that good
Coins become more valuable which makes mining worth while.
So there have been more then 500,000,000 gpus sold since the the hd7900 series
They can all run some profit. Under correct setups.
even if ½ are in the hands of big farms
even if ¼ are in the hands of small to medium guys like me 10 to 500 gpus
that means ¼ or 125,000,000 gpus are in 1 and 2 card builds all over the world.

If fpga is fully successful it will kill off all those small setups.
IF it really works well some guy will try to blend it with a specialty asic and kill off fpga's

I will certainly look at the thread but I am not going to chase it.

BTW my 1080tis mining zec are up to 3 bucks a day

https://www.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

6 cards earned 34.53 in 2 days

[platzdubble]

Mine the non-asic coins like:

Monero, Masari, or Nerva

[philipma1957]

and my 8 card setup of 1080ti's earned https://www.nicehash.com/miner/146UJM5kgzLVUV23CXCf33KQKHckoX1gx3

44.25 in 2 days

or 22 a day

22/8 = $2.75 a card per day

My 2x 1080ti rig   is on an obscure coin  it earned $30.50 since

the 15th or 6 a day or 3 per card.
so the 16 x 1080tis  earn about 45 a day

[Technicrate]

FYI - My groups's AMD farm is mining XMR and CN7 with Claymore's XMR miner v11.3 - thanks to Claymore, since v11.3 the miner is completely free and has no developer fee.

For the time being, is it more profitable to mine the ETH than the XMR? I have a few 7970, I mine the ZEC. I have R9 390, mine the ETH.

[Tidsdilatation]

A great insight into current mining from an ASIC manufacturing team. Worth reading IMHO.
https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b

Great read, thanks for letting us know.
Now as of the content, i dont believe he is correct on alot of what he is saying, but it was a good read none the less.

[DesertMiner]

FYI - My groups's AMD farm is mining XMR and CN7 with Claymore's XMR miner v11.3 - thanks to Claymore, since v11.3 the miner is completely free and has no developer fee.

For the time being, is it more profitable to mine the ETH than the XMR? I have a few 7970, I mine the ZEC. I have R9 390, mine the ETH.

For the r9 390s, its better to mine ETH. For the 7970s, ZEC is your best option.

[citronick]

FYI - My groups's AMD farm is mining XMR and CN7 with Claymore's XMR miner v11.3 - thanks to Claymore, since v11.3 the miner is completely free and has no developer fee.

For the time being, is it more profitable to mine the ETH than the XMR? I have a few 7970, I mine the ZEC. I have R9 390, mine the ETH.

For the r9 390s, its better to mine ETH. For the 7970s, ZEC is your best option.

The group's AMD farm was mining ETH since 2015/16 - consisted of R9 Nano (currently ZEC mining due to its HBM v1 at the NVIDIA farm), R9-390, RX480, RX470 --- switched to XMR since earlier this year. I didn't bother to flash back the RX cards to stock, but just cranked down the memory. Since mining XMR - our power bill dropped at least 30%, temps at the farm dropped by 6-7c and decibels became bearable. Consolidated almost 60% of the farm to riser-less with 6 and 8 slots PCI motherboards from ONDA, Colorful and K35. That saved a lot of SMOS subscription.

Note: if you have 1080tis, getting them to mine ETH with the Pill is worth it. I have been putting 2 of my strongest 1080ti rig to mine ETH to hoard.

[sebas1382000]

How are the electric price in the USA? Here in northern europe price is skyrocketing due to frozen lakes and that we have to import power due to closing nuclear reactors. Im curreltly on all time high costs of 0.5dollar/kWh. Its crazy, this cannot continue or im out of buissnies.

In Virginia, I am paying $0.11/kWh which I suppose is neither good nor bad.

Here in Venezuela we are paying $0.0001/kWh

[Buyingallcoinsz]

I started a mining farm with 3 friends last JAN 2018 and deployed:
12x1060
22x1070
18x570
4x580

we rented out a room which means we have recurring monthly rent cost.
we installed internet service which means we have recurring monthly internet cost.

[GabryRox]

Great thread and some very valuable points being discussed here as in all Phil's threads!

Personally, I am still 100% GPU... 24 470's mining ETH & 12 1070ti's mining ZEC.  Due to a heavy workload recently, I haven't been able to sufficiently research all of the goings on with new ASICs and FPGAs but clearly, these have already had big impact and that will only get more impactful over the next few months.

I have historically avoided ASICs, mainly because of not being able to get it early enough (to get a first batch at retail for instance) and the fear of ending up with a paperweight at the end with possibly not even ROIing.  With that said, I did have a good experience with an FPGA (Baikal mini).  Paid $300 and was able to mine about 5 DASH with it.  ROI'd x3 with sold DASH and still hold 3.5 coins. Plus, even after it couldn't mine DASH profitably any more, I was able to switch to some of its other algos and while not hugely profitable, it made me maybe a few hundred extra. So, overall, a very good experience, but $300 is a pittance compared to some of the units coming out now.

Still, i know Phil and others on this thread have done quite well with recent ASICs, and I have been trying to research to see if I can pull off something.  What I've been looking hard at are the Decred miners.  Personally, DCR seems to be a very solid coin, with its prices not plummeting as low as other coins during the crash in Jan/Feb and it is currently closer to it's all time high than pretty much any other top 100 coin. Unfortunately, those DCR miners look to be the most expensive on the market, but at least at current rates, the ROI period is quite small at maybe 9 weeks. Of course, the big risk is that once all those 2.1TH miners are shipped, rewards will go down, but the question is of course, by how much.  Also, there seems to be a few versions/brands of essentially the same miner, so not sure what that is all about, but the Innosillicon version looks to be available for about $6500 and shipping within 2 weeks.

Do any of you have experience with this company?

http://www.innosilicon.com/html/d9-miner/

Also, i think someone on the thread #7 posted a link to an ASIC/FPGA profitability list but now i can't find it. If someone could re-post here I would appreciate it.

[Elder III]

How are the electric price in the USA? Here in northern europe price is skyrocketing due to frozen lakes and that we have to import power due to closing nuclear reactors. Im curreltly on all time high costs of 0.5dollar/kWh. Its crazy, this cannot continue or im out of buissnies.

We're around $0.12-0.13/kwh here in Upstate NY. It seems to vary from month to month in that range, but we don't have any significant changes from Summer to Winter prices like allot of areas do. I'd love to move somewhere with cheaper prices but that's not possible for other reasons. At least we aren't paying $0.25+ like some big city dwellers have to.

[R0mi]

4% is high and 5000 for an fpga is high .  It creates economic barriers.
My position is I want 1000 or 2000 or 3000 coins.
Why this creates a big market for traders.
Why is that good for miners
Traders create demand for coins
Why is that good
Coins become more valuable which makes mining worth while.
So there have been more then 500,000,000 gpus sold since the the hd7900 series
They can all run some profit. Under correct setups.
even if ½ are in the hands of big farms
even if ¼ are in the hands of small to medium guys like me 10 to 500 gpus
that means ¼ or 125,000,000 gpus are in 1 and 2 card builds all over the world.

If fpga is fully successful it will kill off all those small setups.
IF it really works well some guy will try to blend it with a specialty asic and kill off fpga's

I will certainly look at the thread but I am not going to chase it.

BTW my 1080tis mining zec are up to 3 bucks a day

https://www.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

6 cards earned 34.53 in 2 days

That's a good point:  miners not only explore and trade other coins, they grow the entire ecosystem by dragging in friends, family, neighbors.  The more participation, the more prices can rise which supports mining.

But the FPGA thing seems to be happening whether we like it or not - spend some time on the Discord channel and see who else is hanging out.   I stayed away from ASICs for a long time.  That, of course, had no effect on the decisions of others.  We will just have to see where coin developers go.

[philipma1957]

4% is high and 5000 for an fpga is high .  It creates economic barriers.
My position is I want 1000 or 2000 or 3000 coins.
Why this creates a big market for traders.
Why is that good for miners
Traders create demand for coins
Why is that good
Coins become more valuable which makes mining worth while.
So there have been more then 500,000,000 gpus sold since the the hd7900 series
They can all run some profit. Under correct setups.
even if ½ are in the hands of big farms
even if ¼ are in the hands of small to medium guys like me 10 to 500 gpus
that means ¼ or 125,000,000 gpus are in 1 and 2 card builds all over the world.

If fpga is fully successful it will kill off all those small setups.
IF it really works well some guy will try to blend it with a specialty asic and kill off fpga's

I will certainly look at the thread but I am not going to chase it.

BTW my 1080tis mining zec are up to 3 bucks a day

https://www.nicehash.com/miner/16yLHLoeyuCLPMXkVpC3gyrRYvwRGwjKJr

6 cards earned 34.53 in 2 days

That's a good point:  miners not only explore and trade other coins, they grow the entire ecosystem by dragging in friends, family, neighbors.  The more participation, the more prices can rise which supports mining.

But the FPGA thing seems to be happening whether we like it or not - spend some time on the Discord channel and see who else is hanging out.   I stayed away from ASICs for a long time.  That, of course, had no effect on the decisions of others.  We will just have to see where coin developers go.

Many coins  that exist to mine where only good because they let you use a gpu.

I have a degree in accounting my wife has a 2x degree in economics and accounting.
We are both concerned that  asics and fpga's  will shrink  coins from  the current

 https://coinmarketcap.com/


1000 plus  I think 1593  to be exact.

That many coins create a lot of trading opportunities

[puwaha]

Many coins  that exist to mine where only good because they let you use a gpu.

I have a degree in accounting my wife has a 2x degree in economics and accounting.
We are both concerned that  asics and fpga's  will shrink  coins from  the current

 https://coinmarketcap.com/

The problem with this thinking is that a huge portion of those listings on coinmarketcap are non-minable tokens.  There is a lot of opportunity for coins to grow their market cap and thus pricing.  I think we are all hoping there will be some market shake-out and coins or tokens that really have nothing to offer and will go away, but it seems like the list of new coins and tokens is exploding.

1000 plus  I think 1593  to be exact.

That many coins create a lot of trading opportunities

How many of those 1500+ are mineable though?

[jmigdlc99]

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

But how to expand my cheap reliable power.

If the new focus is on surviving and counting on cheaper reliable power, what do you guys think about optimizing mining rigs with 19-GPU builds?

From what i've seen most are simply running 13-GPU rigs with pure or mixed AMD / NVIDIA GPUs but i believe true efficiency lies in maximizing the 19-GPU capable ASUS B250 mining expert motherboard. With 19 GPU builds you save on electricity by running less motherboards, CPUs, SSDs, etc.

Has anyone had any experience in using p106/p104 mining cards to build truly efficient 19-GPU rigs?

[philipma1957]

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

But how to expand my cheap reliable power.

If the new focus is on surviving and counting on cheaper reliable power, what do you guys think about optimizing mining rigs with 19-GPU builds?

From what i've seen most are simply running 13-GPU rigs with pure or mixed AMD / NVIDIA GPUs but i believe true efficiency lies in maximizing the 19-GPU capable ASUS B250 mining expert motherboard. With 19 GPU builds you save on electricity by running less motherboards, CPUs, SSDs, etc.

Has anyone had any experience in using p106/p104 mining cards to build truly efficient 19-GPU rigs?

I did have my hands on a 16 card beast  did a review  but it had the p106  which is like the 1060 it is simply not that efficient.

the p102 is better but is costly

https://www.tweaktown.com/news/61173/nvidia-p102-100-crypto-mining-card-5gb-gddr5x/index.html

it is a modded 1080ti.  I would have loved to have had the p102 that they were looking to build I may have kept it after the review.

Many coins  that exist to mine where only good because they let you use a gpu.

I have a degree in accounting my wife has a 2x degree in economics and accounting.
We are both concerned that  asics and fpga's  will shrink  coins from  the current

 https://coinmarketcap.com/

The problem with this thinking is that a huge portion of those listings on coinmarketcap are non-minable tokens.  There is a lot of opportunity for coins to grow their market cap and thus pricing.  I think we are all hoping there will be some market shake-out and coins or tokens that really have nothing to offer and will go away, but it seems like the list of new coins and tokens is exploding.

1000 plus  I think 1593  to be exact.

That many coins create a lot of trading opportunities

How many of those 1500+ are mineable though?

 more then 500  Maybe I will count them.

33 of the top 50 can not be mined.

If that hold true ⅓ can be mined so 500?

well of the top 100

76 can not be mined
24 can be mined

if that holds true then 360 or so of the 1593