Poolwaffle:
I generally agree with your thoughts regarding the efforts required to mine smaller coins. But I think it is significant to consider that wafflepool can contribute at least part of its success because we didn't avoid high-diff coins like Doge (smart logic). I also think multi-pools are generally damaging to alt-coins, and don't have a problem with that because I think there are simply too many of them popping up all the time. But, if we never mine low-diff coins, I think we will be impacting the profitability of scrypt mining in general, much more rapidly.
Maybe it would be worth redirecting a small portion of hashrate to low-diff coins that are relatively stable. I am envisioning a system that would put a small subset of our miners on low-diff coins somewhat persistently. Take cosmocoin - if you directed a small amount of the pool's hashrate there with the intent to only play a small roll in the network consistently (think, much smaller then 50% of the network hashrate), and try to target coins that we can just leave a chunk of hashrate on for the majority of the time. The quick math is my head seems to suggest this would increase the pool's profits overall by a few percentage.
Does that make any sense to you? Maybe I will try to run some numbers to validate (or disprove) my thoughts.
Guys / Girls,
I have several rigs and I am looking to invest in more. My question is what is the likelyhood of ASICs putting wafflepool or middlecoin out of the market in what we are doing here? It seems to me that this pool will always protect us and we will be able to mine with GPUs.
I would like anyone's thoughts here before I invest another 20 or 30 grand in this.
Thanks in advance
You have to consider the potential behind scrypt mining in general, and how ASICs will impact scrypt alt-coins and big networks like LTC or DOGE. At the moment, it seems unlikely that ASICs will have any real impact on global scrypt hashrates until Q3 at the earliest, so that gives us another 4-6 months minimum of GPU dominance.
But, will alt-coins remain this profitable to mine? Ask yourself if you think there will be another DOGE, or if DOGE will remain profitable given another block halving. Do we even need all these alt-coins, what is there real purpose? Everyone will probably have their own speculative answers, and you need to decide what is most likely in your mind.
If you're thinking about investing in GPUs, also remember that miners use them as "Generic" Processing Units... so even if ASICs make GPU mining scrypt totally unprofitable, that doesn't mean that scrypt-jane, sha3, or various other algorithms won't be profitable to mine with GPUs, as ASICs will have no impact on those algorithms. That is, if you think alt-coins will actually stick around and be profitable...
All this said, this is probably a much better topic for a separate thread, if you want to continue the discussion.
pretty sure waffle said it was one ip
This also doesn't prove it's not a botnet of course (you can relay all your drone mining traffic thru a single server), but really people just need to just stop caring about these big mining accounts. Nothing you can do about it really... And it doesn't hurt us any.
Moreover, let's please keep the middlecoin-style unfounded speculation about botnets, or ASIC farms, or etc out of this thread. It would be nice to think this thread can stay more mature then we've seen over at the MC bitch fest thread.
the fastest SINGLE card video card is the 7990. lets be generous and say this guy can get 1300KH/s out of each one.
to get 6.0GH/s, you would need over 4500 7990 GPUs...
thats just insane. something that size is just unimaginable.
There are absolutely GPU farms this big in China or Korea... and there are also ASIC manufactures like gridseed that could be testing chips. Stop beating a dead horse and please just leave the botnet vs whatever topic alone. Who cares?
There are also people with 100s of GPUs in their garage... and this kind of hashing power would be only an order of magnitude larger. Also consider that GPUs like R9 290s can potentially reach 1MH/s+ with effective tuning and BIOS modification. No reason an ODM couldn't be building super performing MPU (Mining Processing Units) for themselves out of top binned Hawaii chips. Not everyone is limited to consumer grade crud.
