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z0rr0
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April 29, 2014, 06:46:05 PM |
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FTC block reward 200 -> 80. DOGE block reward 250 000 -> 125 000
I wonder how this will impact the overall multipools profitability.
Doge difficulty dropped and its exchange rate went up, so it will probably balance itself out. Scrypt is dead anyway, haven't you heard?  I'm an alive witness of the resurrections of such dead ones, as chinacoin and doubloons, but I guess what the rise of such 100+MH monsters will be able to do with small scrypt coins, (if they will not not change the algo), someone could fork and 51% them just for fun...sadly From my unprofessional point of view, scrypt-N just uses more memory, and X11 uses combined hashing functions, so the latter may be more protected against future asics.. Is there some sort of info site with approximate overall scrypt-coins hashrate? To compare it to first mass distribution of gridseeds, blades and then kncs? |
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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suchmoon (OP)
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April 29, 2014, 06:56:33 PM |
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Whats your opinion about how long it will be before we start seeing ASIC's that can mine Scrypt-N, X11? I been hearing maybe by the first of 2015?
I think its just a matter of time..
I wont say GPU mining is dead, as I have been a big GPU fan for the past year and it treated me well back 2013 before the huge bubble in BTC and LTC. Made a small killing..
But I have to wonder if this time it really is true.. That GPU mining will soon be a thing of the past just like CPU mining is now..
And I wonder with all these 100 MH's to 300 MH's script miners coming out soon, what the future of Script mining will be.. I guess in 6 months we will need 300 MH's just to make a decent payout mining script?
Just curious what you think..
Thanks for your Thread.. I follow it daily..
Rumor has it that X11 FPGAs are available. Technically there is nothing to prevent ASICs from being developed if there is enough demand, so it's quite possible that once Scrypt coins get murdered by ASICs and GPU miners migrate to other algorithms then ASICs will follow 6-12 months later. I try not to worry about that far in the future though. My goal is to keep myself diversified with GPUs and ASICs, and upgrade before the current generation becomes worthless. I moved from Gridseed 5-chip miners to blades quite successfully, and I hope to be able to do that a couple more times at least. If I can't do that I'll just take whatever I made in mining and move on to something else. |
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suchmoon (OP)
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April 29, 2014, 07:08:06 PM |
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FTC block reward 200 -> 80. DOGE block reward 250 000 -> 125 000
I wonder how this will impact the overall multipools profitability.
Doge difficulty dropped and its exchange rate went up, so it will probably balance itself out. Scrypt is dead anyway, haven't you heard? I'm an alive witness of the resurrections of such dead ones, as chinacoin and doubloons, but I guess what the rise of such 100+MH monsters will be able to do with small scrypt coins, (if they will not not change the algo), someone could fork and 51% them just for fun...sadly From my unprofessional point of view, scrypt-N just uses more memory, and X11 uses combined hashing functions, so the latter may be more protected against future asics.. Is there some sort of info site with approximate overall scrypt-coins hashrate? To compare it to first mass distribution of gridseeds, blades and then kncs? might help. If you mean aggregate of all coins then I don't know if there is something like that. But Litecoin + Doge + a few more top coins is pretty much 90% of all altcoins anyway. X11 might actually be more vulnerable to ASICs, because memory is expensive. Edit: forking small coins should be possible now with some of the hash rental services, I'm surprised it's not being done already. |
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suchmoon (OP)
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April 30, 2014, 04:57:28 PM |
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No major changes to the charts today. LTC difficulty jumped another 17%.
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bclcjunkie
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May 01, 2014, 02:34:09 AM |
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that's just tip of the iceberg... watch the difficulty go batshit crazy once A2 germinator floods the market... i think this month of May alone we should see 50% jump.. based on my wild estimates (no of vendors x no of asics in stock based on their websites) there'll be at least 50gh worth of scrypt mining asic dumped on the market this month alone... No major changes to the charts today. LTC difficulty jumped another 17%.
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dyask
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May 01, 2014, 03:18:51 AM |
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For what it is worth, I think suchmoon's data is better than the personal data I was collecting. My personal data is contaminated because I've started comingling the small amounts of bitcoin I'm getting back from a HYIP I got scammed in. (btc-arbs.com) Anyway I was looking through his spreadsheet and he is really doing a lot of work to maintain nice data. My dates are also out of whack since I'm GMT+9.
Anyway another thanks to you suchmoon!
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kained
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May 01, 2014, 09:25:39 AM |
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For anyone interested in learning a little more about scrypt.cc, I made a video. How to Mine Bitcoin on the Cloud - No Hardware Required https://www.youtube.com/watch?v=NJgUO0NUsnA |
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helloman2k
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May 01, 2014, 09:29:40 AM |
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hey suchmoon, I'm following this thread everyday, great contribution!
the BTC/MH/day ratio has been pretty low these couple of days, is this a temporary phase or is it going to stay this low from now on? would you know the reason for the drop? sorry I'm new to this.
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z0rr0
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May 01, 2014, 11:59:36 AM
Last edit: May 01, 2014, 06:22:50 PM by z0rr0 |
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hey suchmoon, I'm following this thread everyday, great contribution!
the BTC/MH/day ratio has been pretty low these couple of days, is this a temporary phase or is it going to stay this low from now on? would you know the reason for the drop? sorry I'm new to this.
ASICs are coming Scrypt is dead anyway, haven't you heard? |
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suchmoon (OP)
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May 01, 2014, 04:21:49 PM |
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Nicehash was down for a few hours so this affected their numbers. Although others a sliding down too, even without downtimes.
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suchmoon (OP)
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May 01, 2014, 04:28:41 PM |
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hey suchmoon, I'm following this thread everyday, great contribution!
the BTC/MH/day ratio has been pretty low these couple of days, is this a temporary phase or is it going to stay this low from now on? would you know the reason for the drop? sorry I'm new to this.
What z0rr0 said - ASICs are probably doing this. If I knew what's going to happen tomorrow I would be sipping mojitos on my private island  . |
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helloman2k
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May 01, 2014, 04:54:50 PM |
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wow that's crazy... profitability dropped by so much for most pools. didn't expect ASICs' effect to be this big, this quick, this early. that's bad news  wonder if i should consider cancelling my ASIC order, looks like I'll never see ROI with this trend, it'll only get worse. this is kinda incredible, lots of people are gonna lose money mining, don't you think. |
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dyask
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May 01, 2014, 05:22:13 PM |
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wow that's crazy... profitability dropped by so much for most pools. didn't expect ASICs' effect to be this big, this quick, this early. that's bad news wonder if i should consider cancelling my ASIC order, looks like I'll never see ROI with this trend, it'll only get worse. this is kinda incredible, lots of people are gonna lose money mining, don't you think. I'm betting that normal scrypt is going to get really tough as coin move to srcypt-n, scrypt-jane or something else. Time will tell. |
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suchmoon (OP)
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May 01, 2014, 05:56:08 PM |
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wow that's crazy... profitability dropped by so much for most pools. didn't expect ASICs' effect to be this big, this quick, this early. that's bad news wonder if i should consider cancelling my ASIC order, looks like I'll never see ROI with this trend, it'll only get worse. this is kinda incredible, lots of people are gonna lose money mining, don't you think. Probably, but who said this is easy money? There is a lot of hype and bad math going around to confuse people into investing in something they don't fully understand, but the fact is that profitable mining is hard and boring work with a lot of risk involved. It should be covered in government warning labels, like plastic bags and extension cords |
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z0rr0
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May 01, 2014, 06:19:45 PM |
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This all thing reminds me september 2013, when people were excited with *cheap* and easily availabale usb block erupters, and look at them now... scrypt probably will follow the same way.
Soon graphic cards will mostly use scrypt-n, x11, keccak and other different algos, but guess what - asic developers are already looking forward to scrypt-n))
So this run will never stop it seems)
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off_d
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May 02, 2014, 08:18:13 AM |
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hello, sorry for the noob question. i m seeing your leaserig x11 numbers and i'm trying to find out how it's calculated. you are renting a rig right ? ok, so for instance you are renting a rig of 10mh (for x11), which mining darkcoin would give you about 2.5coins per day (7.5 for 3 days). exchanging that would give you 0.008btc on current rates. so if you rent it for 3 days, this gives 0.024btc whereas you have already paid 0.075btc (current lowest price for a 10mh x11 rig). even mining another x11 coin would produce aproximately the same results. could you elaborate please ? what am i missing ?
thanx.
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dyask
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May 02, 2014, 08:32:58 AM |
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hello, sorry for the noob question. i m seeing your leaserig x11 numbers and i'm trying to find out how it's calculated. you are renting a rig right ? ok, so for instance you are renting a rig of 10mh (for x11), which mining darkcoin would give you about 2.5coins per day (7.5 for 3 days). exchanging that would give you 0.008btc on current rates. so if you rent it for 3 days, this gives 0.024btc whereas you have already paid 0.075btc (current lowest price for a 10mh x11 rig). even mining another x11 coin would produce aproximately the same results. could you elaborate please ? what am i missing ?
thanx.
He owns the rig and is renting out the rig to someone else that is mining with it. What you see is the income from renting the rig to someone else. Not trying to be rude, trying to be clear. |
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suchmoon (OP)
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May 02, 2014, 08:47:01 AM |
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hello, sorry for the noob question. i m seeing your leaserig x11 numbers and i'm trying to find out how it's calculated. you are renting a rig right ? ok, so for instance you are renting a rig of 10mh (for x11), which mining darkcoin would give you about 2.5coins per day (7.5 for 3 days). exchanging that would give you 0.008btc on current rates. so if you rent it for 3 days, this gives 0.024btc whereas you have already paid 0.075btc (current lowest price for a 10mh x11 rig). even mining another x11 coin would produce aproximately the same results. could you elaborate please ? what am i missing ?
thanx.
He owns the rig and is renting out the rig to someone else that is mining with it. What you see is the income from renting the rig to someone else. Not trying to be rude, trying to be clear. That is correct. I should probably make this more clear in the OP. I own a rig, someone rents it from me, and most likely mines not darkcoin but something more profitable. For example there were a couple of hyped-up POS X11 coins (Badger, Summer) recently. Although the boom seems to have ended and X11 profitability is down now, or will be soon as my current lease for the rig runs out. |
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off_d
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May 02, 2014, 08:50:28 AM |
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hello, sorry for the noob question. i m seeing your leaserig x11 numbers and i'm trying to find out how it's calculated. you are renting a rig right ? ok, so for instance you are renting a rig of 10mh (for x11), which mining darkcoin would give you about 2.5coins per day (7.5 for 3 days). exchanging that would give you 0.008btc on current rates. so if you rent it for 3 days, this gives 0.024btc whereas you have already paid 0.075btc (current lowest price for a 10mh x11 rig). even mining another x11 coin would produce aproximately the same results. could you elaborate please ? what am i missing ?
thanx.
He owns the rig and is renting out the rig to someone else that is mining with it. What you see is the income from renting the rig to someone else. Not trying to be rude, trying to be clear. Thanx. I gathered as much initialy. But then i saw point 5 on OP which stated "most of the time I'm renting at the lowest price" and thought he is renting, not selling. Thanx for the clarification... |
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bclcjunkie
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May 02, 2014, 03:02:53 PM |
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good thing i still kept my gpus... scrypt market is gonna get raped to pieces soon... look at innosilicon flood with shitload of germinator chips... their first batch production alone will easily cross 1 terahash... and then there's zeus who seems to promise to deliver before may 31st... http://www.lightningasic.com/Product/ProductInfo.aspx?PId=11In Stock: 10000 Pieces (18gh) Fastest 28nm Scrypt Asic |
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