Number 9! Ninth altcoin thread. Back to the moon Baby!

[badbart]

Tempting to buy more Z11s but they are pretty old now, I wounder if they have any more powerful equihash ASICs in the works?

[badbart]

Yes I also like where the market is headed and I am glad I didn't sell all my GPUs yet. Seems like the profits right now with 10c power are "ok", not the greatest but if you got tons of GPUs then it might be worth while.

I was actually rebuilding my rigs back in June 2019 when the alt markets were rallying again and basically less than 1 month later the profits were shot down and been pretty bad since then. Would be nice if we could stay at least >$350 for the next few months or so. Because the difficulty obviously will keep rising and people will keep scouping up cheap RX gpus on Craigslist to mine and the difficulty will keep rising every day until the profits vanish.

If we get >$1000 ETH or ProgPOW then obviously the profits will be great once again however I am not sure we can reach that number. Hopefully we break the 2019 high for ETH this time around and head into the +$500 area for ETH and other alts like XMR.

Yup... we are in similar boats.  My power is 11 cents so just recently got in the ballpark of an acceptable "profitability-to-effort" ratio.  I also turned back on all my rigs last June... and also for just over a month lol... until prices dropped again.  Really hoping for a sustained action this time.  Not sure we will see ATH any time soon but if it could even fluctuate between $500-$600 for a while it would be well worth it.

As you point out, anything over $300 range will start to bring more and more people back into mining, which in turn bumps up the difficulty. I'm curious as to how many people like us actually help onto all/most of our gear through this 2nd downswing. Can't imagine there were that many but who knows.  I almost started selling mine off multiple times but just never did it lol.

One thing I might do this time, if we ever hit some crazy number like $500 ETH or $1000 ETH is I will just short hedge it with a margin broker like Bitfinex or Bitmex and just protect myself against any price crashes to ensure I can mine for the foreseeable future.

Can you imagine if your shorted a few hundred's of ETH at $1400 in January 2018 and just closing the position little by little as you mined it bit by bit. Instead of making $0.29/per day/per GPU you would still be making $2.75/day/gpu irregardless of the price.

Only issue with this is if it goes actually POS and you can't mine it or it reduces the issuance again. So the price you can control but not the difficulty or the miner supply.

I'm going to do the same thing, only problem is you have to pay interest and it can be very steep.  I was long 10 BTC and had to pay $240 a day in interest.  Its not always that high but if your on the right side of the trade and making a lot of $ your going to pay interest.

[GabryRox]

I have a thread 🧵 ripper 1920x with 8 sticks ram 128gb.

It has three vegas making a few dollars.

Phil... are you mining XMR with that rig?

yeah  7200 hash for xmr  and the vega's do eth I think.  it earns 3.00-3.20   uses 20kwatts a day at 10 cents for winter I pay 14 but the heat is worth 4 so 10 cents x 20 = 2.00

thus 3.20-2.00 = 1.20 a day at the moment.

Ah yeah makes sense... I remember those Vega GPUs being beasts on XMR. I actually got lucky to get 3 of them early after release but after hooking up 1 to a new rig and realizing how freaking loud it was (at least compared to MSI RX470's) I decided to sell all 3.  I somewhat regretted that action later on but I was able to double my money on them, which in turn helped my mostly finance my first 1070ti rig, so not THAT much regret.

[GabryRox]

Well yesterday was sure eventful! Was glued to both coin360 & coinbase pro watching ETH go crazy most of the day. For about a 1-2 hours stretch it was busting through every barrier all the way up to about $275!  Leveled off a bit in low 270's so i took a break, only to watch in horror as it dropped about $15 in minutes right before i went to bed lol!  Saw it dip down to $257 but today seems to be pretty much locked into hovering between $264-$267.  Tried to push $270 a few times but keeps dropping back. Hopefully it will do so soon and move towards $300.  In a way it feels kinda good to be back in "watch like a hawk" mode, but I also realize how much time it wastes so...

[favebook]

Tempting to buy more Z11s but they are pretty old now, I wounder if they have any more powerful equihash ASICs in the works?

It's been, what, 6 or even more months since last unit of Z11 was produced? And Z11 was announced a year ago.

Bitmain has been clearing their Altcoin miners storage for quite some time... And there is no info about new units, even tho they are regularly updating Btc miners. I'd be happy to see Z13/Z15, but I highly doubt that will happen this year, or even ever...

[philipma1957]

Tempting to buy more Z11s but they are pretty old now, I wounder if they have any more powerful equihash ASICs in the works?

It's been, what, 6 or even more months since last unit of Z11 was produced? And Z11 was announced a year ago.

Bitmain has been clearing their Altcoin miners storage for quite some time... And there is no info about new units, even tho they are regularly updating Btc miners. I'd be happy to see Z13/Z15, but I highly doubt that will happen this year, or even ever...

If the alt goes up in price enough they will build more gear.  But it won't be for at least a year.

Take LTC  my 11gh in LTC hash pulls in 33 usd a day = 1000 a month 50-50 coin spilt to hoster = 500 a month  along with

600 doge a day = 18 a day or 530 usd a month  50-50 split = 265 so 765 total

[adaseb]

Yes I also like where the market is headed and I am glad I didn't sell all my GPUs yet. Seems like the profits right now with 10c power are "ok", not the greatest but if you got tons of GPUs then it might be worth while.

I was actually rebuilding my rigs back in June 2019 when the alt markets were rallying again and basically less than 1 month later the profits were shot down and been pretty bad since then. Would be nice if we could stay at least >$350 for the next few months or so. Because the difficulty obviously will keep rising and people will keep scouping up cheap RX gpus on Craigslist to mine and the difficulty will keep rising every day until the profits vanish.

If we get >$1000 ETH or ProgPOW then obviously the profits will be great once again however I am not sure we can reach that number. Hopefully we break the 2019 high for ETH this time around and head into the +$500 area for ETH and other alts like XMR.

Yup... we are in similar boats.  My power is 11 cents so just recently got in the ballpark of an acceptable "profitability-to-effort" ratio.  I also turned back on all my rigs last June... and also for just over a month lol... until prices dropped again.  Really hoping for a sustained action this time.  Not sure we will see ATH any time soon but if it could even fluctuate between $500-$600 for a while it would be well worth it.

As you point out, anything over $300 range will start to bring more and more people back into mining, which in turn bumps up the difficulty. I'm curious as to how many people like us actually help onto all/most of our gear through this 2nd downswing. Can't imagine there were that many but who knows.  I almost started selling mine off multiple times but just never did it lol.

One thing I might do this time, if we ever hit some crazy number like $500 ETH or $1000 ETH is I will just short hedge it with a margin broker like Bitfinex or Bitmex and just protect myself against any price crashes to ensure I can mine for the foreseeable future.

Can you imagine if your shorted a few hundred's of ETH at $1400 in January 2018 and just closing the position little by little as you mined it bit by bit. Instead of making $0.29/per day/per GPU you would still be making $2.75/day/gpu irregardless of the price.

Only issue with this is if it goes actually POS and you can't mine it or it reduces the issuance again. So the price you can control but not the difficulty or the miner supply.

I'm going to do the same thing, only problem is you have to pay interest and it can be very steep.  I was long 10 BTC and had to pay $240 a day in interest.  Its not always that high but if your on the right side of the trade and making a lot of $ your going to pay interest.

Yes right now unless you are just trading spot the fees are crazy for everything. The funding rate is very high for ETH and BTC, basically for the last 10 days it was at least >0.10% daily. The USDT lending rates are also crazy high and even the BTC futures are high with a $350 and $600 premium for March and June 2020 expiry.

I think when this rally cools off then the rates will return to normal. ETH funding rates in general are more geared towards the shorts for some reason. Even during the 2018 bear market, the price of ETH was crashing but funding was towards the longs anyways should be the opposite. But the shorts were making money 2 ways by the price going down and by the funding rates.

Either way, no point in entering this low leverage ETH short right now, maybe if it hits some crazy number like $500 or $1000 it'll be worth taking.

[philipma1957]

playing with underclock of the ryzen 9 3900x

one unit is underclocked to 1.0 volts for cpu and 3600 freq.

this gear is also running an evga 1660

it earns 1.40 a day

but uses 217 watts at the kill a watt meter.

thats 5 kwatts my adjusted winter rate is 10 cents.

so. 1.40 - 0.50 = 0.90 profit a day.

Actually this build was multiple discounts and I have spare parts.

the ryzen 9 3900 was 469 + 33 = 502.00. 13 percent discount dropped it to 437.

board was an older x370 bios up grade to run 3900x

ram parts free
case free
everything free as i had them already.

i sold the ryzen 7 1800x for 💯 after shipping.

so I paid 437-100= 337.   so this upgrade will pay off in under a year,

this is not true of the ryzen 9 builds.

the upgrade to my thread ripper rig was four sticks of ram 🐏 so i now have 8 sticks of 16 = 128gb ram.

I run seven rigs in my house 🏠 but most are 1 card and really do cpu xmr as first priorty.

clocking a ryzen 9 3900 to 3600 at 9 volts running 21 threads 🧵 gets me 9000 hash but i sip power.

far better then over clock as this gear is in house.

it is quiet and helps heat the house for the cold weather.

i am liking xmr so far.

[philipma1957]

Good deal on a ryzen 9 3900x best buy has it for

$469


retailmenot has a 10% cashback promo


so if you already belong to retailmenot go to their site  punch in best buy find the 10% cash back offer and go for it.


https://www.retailmenot.com/


if you do not belong to them and want to join them  use the non referral link above

below is the  link to the 10% offer up to 50 usd back  since the item is 469  you will get 46.90 off

https://www.retailmenot.com/cashback/2/25S36HPRBZAYZIAL6BF6P6LEJQ

these are not available with the 10% offer.
https://www.retailmenot.com/cashback/restrictions/12008415



So for me   469 - 47 =  422   tax was 33  so 455  lastly I used a best buy card  so  25 more off  my net for a new sealed cpu was  455-25 = 430

good price .

  I grabbed this board

https://www.amazon.com/gp/product/B07TD8ZT5T/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1


I have this cooler


https://www.amazon.com/EVGA-Liquid-Cooler-Cooling-400-HY-CL24-V1/dp/B074WH52BW/ref=sr_1_1?  cost = 0

I have this ram on hand

https://www.amazon.com/XPG-3000MHz-Memory-Modules-AX4U300038G16-DRZ/dp/B01LZIY86F/ref=sr_1_1_sspa?


I have psu's all over the place

So  basically  600 for a high  quality psu

With under clock they don't burn much power.

 I run with 1 gpu  like a amd vega   these setups  take up space but run quiet .  I will photo soon

[adaseb]

Looks like ProgPOW is a go for Ethereum, launch sometime in July.

Basically according to this article,
https://cryptobriefing.com/ethereum-progpow-asic-resistance-concur-core-developers/

It links to a Youtube video which is the dev conference #81 and its 2hours long and didn't get a chance to watch the entire thing. However on the ethereum reddit they seem to confirm that ProgPOW is a go!

Anyone know if 4GB GPUs will work with ProgPOW or do they needed to be large enough to fit the current DAG file? Never used ProgPOW before.

[philipma1957]

Looks like ProgPOW is a go for Ethereum, launch sometime in July.

Basically according to this article,
https://cryptobriefing.com/ethereum-progpow-asic-resistance-concur-core-developers/

It links to a Youtube video which is the dev conference #81 and its 2hours long and didn't get a chance to watch the entire thing. However on the ethereum reddit they seem to confirm that ProgPOW is a go!

Anyone know if 4GB GPUs will work with ProgPOW or do they needed to be large enough to fit the current DAG file? Never used ProgPOW before.

Used it with bitcoin interest  I had 6gb 8gb 11gb gpus  so I don't know the answer to the question.

[jasta more]

You can use 4gb cards but polaris cards are behind Nvidia in terms of speed and hash/wat ratio,if I recall correctly they use about 30% more power.Progpow is generally Nvidia favored algo(dunno about new amd cards)

[adaseb]

Looks like the first Ethereum asic ever released is coming to its end of life. According to a few people it no longer can mine ETC which is on Epoch 328.

Ethereum is about 11 epoch behind so it's about 55 days from being rendered useless. I wonder how many of the E3 miners are in existence and what effect it will have on the overall hashrate for ETH.

We will see what happens to the ETC hashrate after this however usually the ETC has a lot of volatility due to pool switching between ETH and ETC.

[N2DCRYPT]

Looks like the first Ethereum asic ever released is coming to its end of life. According to a few people it no longer can mine ETC which is on Epoch 328.

Ethereum is about 11 epoch behind so it's about 55 days from being rendered useless. I wonder how many of the E3 miners are in existence and what effect it will have on the overall hashrate for ETH.

We will see what happens to the ETC hashrate after this however usually the ETC has a lot of volatility due to pool switching between ETH and ETC.

Funny that ProgPOW finally gets through just about when the first ASIC goes EOL.

[philipma1957]

If it does switch over it will boost nvidia so here is hoping.

[CjMapope]

The one thing i remember about ProgPoW is it runs hot as hell, think Neoscrypt hot
those who have older RX cards especially that struggle to keep cool already, will have a hard time on ProgPoW
that said: I do believe it will knock ALOT of hash off the ETH network due to that reason, plus a few more (not as many specialized devices out there for example)

also: reddcoin is forking soon to increase their staking APR to 20-25% (up from 5%), might be some money to be made for speculative traders ... 
(i have a few million staking right now)

[TheYankeesWin!]

The one thing i remember about ProgPoW is it runs hot as hell, think Neoscrypt hot
those who have older RX cards especially that struggle to keep cool already, will have a hard time on ProgPoW
that said: I do believe it will knock ALOT of hash off the ETH network due to that reason, plus a few more (not as many specialized devices out there for example)

also: reddcoin is forking soon to increase their staking APR to 20-25% (up from 5%), might be some money to be made for speculative traders ...  
(i have a few million staking right now)

Yeah  it is a good algorytm   for :

gtx 1660
gtx  1080ti


it also work well enough with vegas

So I am looking forward to this fork.

I can run  8 cpu rigs in the house.  they have
4 vega 56's
1 1080ti
6  1660's  11 cards

I can run

3   2x 1080ti rigs with simple mining 6 cards
3     mixed card rigs with simple mining   total of 10 cards  


 total of 14 rigs  with 27 gpus.  lets see if I make some decent coin here.  

[Marvell2]

The one thing i remember about ProgPoW is it runs hot as hell, think Neoscrypt hot
those who have older RX cards especially that struggle to keep cool already, will have a hard time on ProgPoW
that said: I do believe it will knock ALOT of hash off the ETH network due to that reason, plus a few more (not as many specialized devices out there for example)

also: reddcoin is forking soon to increase their staking APR to 20-25% (up from 5%), might be some money to be made for speculative traders ...  
(i have a few million staking right now)

Yeah  it is a good algorytm   for :

gtx 1660
gtx  1080ti


it also work well enough with vegas

So I am looking forward to this fork.

I can run  8 cpu rigs in the house.  they have
4 vega 56's
1 1080ti
6  1660's  11 cards

I can run

3   2x 1080ti rigs with simple mining 6 cards
3     mixed card rigs with simple mining   total of 10 cards  


 total of 14 rigs  with 27 gpus.  lets see if I make some decent coin here.  

1660tis and 1660s are basically on par with 1070s or lower what is thier hashrate on progpow, I have 1 1660 and 1 1660ti on eth right now underwhelming cards

[badbart]

Cool, anyone knowif prog will run on RX 5700s?

[soothaa]

A ProgPOW fork is gonna be supperrr interesting! Wonder if I should scoop up some nVidia cards on eBay..