Why does everybody think the Blake algo is being instamined?
A single r9 290 will mine at more than 2.5 times the current network hashrate for Blake if that 1.2Gh figure is accurate.
Its an estimation. And how do you know the hasrate of 290 on sfr-version of blake? Please share the GPU miner with us
At this difficulty wallet-mining is pointless unless one has botnet running the wallet... Even then, mining cryptonight will be order of magnitude more profitable.
I don't know the hashrate of a 290 on sfr blake but I know it on the merge-mined blake256 coins. An educated guess suggests it would be somewhere between 50-100% of that rate. And on that basis a single 290 would have a higher hashrate than the network does, hence my view that it's still only CPU miners in play.
I'm not actually mining Saffron any longer because there ISN'T an available GPU miner and the CPU in my rig is (deliberately) about as low end (and low power) as you can get.