So will 2015 be the year that home mining ends?

[Equate]

put the mining back in the hands of the people ... nice ...

#crysx

That is what I meant by de-centralization , mining back to home rigs.

[chrysophylax]

DigiByte has 5 independent decentralized mining algorithms. If all 5 should become over ran by ASICs we will swap out for 2 GPU & CPU algos.

Check out our new 3 click beginner mining software that is now in beta:  https://bitcointalk.org/index.php?topic=408268.msg10170256#msg10170256

windows only?

i only have linux systems mining ( fedora 19 x64 ) and wont go with windows mining systems - ever ... its too much of a headache with windows - especially in a farm environment - let alone too costly for the windows licensing ...

sounds like a great idea - but my farm is rock solid under linux ...

pity you dont have anything like this for linux users - you could pretty much move a HUGE part of the mining community to doing this ...

i see that you have this in future plans - and that is a welcome advantage ... but for now - its a great idea that i ( and many linux miners ) cant use ...

#crsyx

[picolo]

put the mining back in the hands of the people ... nice ...

#crysx

That is what I meant by de-centralization , mining back to home rigs.

The network can be seen as decentralized if the decisions are decentralized and there are many professional mining rigs that compete and make the network safer.
If a company has a huge share because they are better than the other, it's a healthy monopolistic position because it's based on quality and efficiency and the company is still in competition with other actors.

[atp1916]

Mining is profitable if the cost of power (electricity) is there, if you're at home or not.

[chrysophylax]

Mining is profitable if the cost of power (electricity) is there, if you're at home or not.

agreed ...

sometimes you just have to move the farm / miners to where there is cheaper electricity ...

#crysx

[MaxDZ8]

is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

As far as I am concerned home mining has been dead for at least one year and probably even before that.
This comes from a variety of causes and the major one will never be solved: it's a weakness in the PoW concept but it's probably the best we got.

[chrysophylax]

is this going to be the end year of home mining (no matter how you do it -- CPU / GPU / ASIC).

As far as I am concerned home mining has been dead for at least one year and probably even before that.
This comes from a variety of causes and the major one will never be solved: it's a weakness in the PoW concept but it's probably the best we got.

really? ...

funny that - as the miners with farms that i know ( and there is a LOT ) including myself just seem to keep GROWING ...

weakness in PoW? ...

some explanation you have there ... no back up of course - just a statement - but you are entitled to think what you may ... i mean - you did mention that as far as 'you' are concerned ...

from what i have seen of the industry the way it is - its still evolving and taking shape - still having to take time to become what it will be ... so you actually may have a point in the 'death' of home mining - one point i dont agree with ...

BUT - to make a statement about a 'weakness' in PoW - now that need some explanation at best - let alone a comprehensive explanation ...



#crysx

[MaxDZ8]

funny that - as the miners with farms that i know ( and there is a LOT ) including myself just seem to keep GROWING ...

Maybe we have a problem with English, but it seems to me those who have "farms" are not "home mining".
If your friends (including yourself) are having a farm at home then either you are industrial or you're doing things wrong.

weakness in PoW? ...

some explanation you have there ... no back up of course - just a statement - but you are entitled to think what you may ... i mean - you did mention that as far as 'you' are concerned ...

Oh please. It is a well known problem since the first pool was created! Everyone and the dog knows costs grow sub-linearly. If you're subtly implying I'm writing bullshit, I'm going to just state my opinion clearly: I think you are not open to discussion. At least have the balls to state what you think clearly.

[Equate]

 it's a healthy monopolistic position

It is contrary to the definition of de-centralization and with the monopoly on mining , these same companies switched off their operations as we had seen recently despite making big promises to their customers.

[chrysophylax]

funny that - as the miners with farms that i know ( and there is a LOT ) including myself just seem to keep GROWING ...

Maybe we have a problem with English, but it seems to me those who have "farms" are not "home mining".
If your friends (including yourself) are having a farm at home then either you are industrial or you're doing things wrong.

weakness in PoW? ...

some explanation you have there ... no back up of course - just a statement - but you are entitled to think what you may ... i mean - you did mention that as far as 'you' are concerned ...

Oh please. It is a well known problem since the first pool was created! Everyone and the dog knows costs grow sub-linearly. If you're subtly implying I'm writing bullshit, I'm going to just state my opinion clearly: I think you are not open to discussion. At least have the balls to state what you think clearly.

oh - i state things VERY clearly - hence what i wrote ...

it is not an argument on my part - you make of it what you will ...

im simply stating that without miners of some sort ( whether its cpu gpu or wallet - amongst other forms of mining ) the blockchain stops ...

what did you think i was saying? implications are null here ...

since we are on the slinging topic - costs grow sub-linearly? ... mate - i dont know where you get your facts from - but sub-linearly makes no sense ...

its a simple fact of demand and supply - simple economics ...

if the demand is there - costs rise exponentially ...

if we are talking production here ... costs rise exponentially then fall accordingly - whether due to lack of demand OR high volume production ...

thats in the real world ... the crypto world works in a way we have never seen before ... only due to the fact that there has never been a crypto world before ...

assumptions and forecasts in this arena is moot ... we have really nothing to base them on but real world expectations ...

and those sort of expectations dont carry the weight in crypto that they do in real world economics ...

simply put - what you have stated is merely opinion - yours ... proof is when the 'system' itself has had longevity and a history long enough to fathom real data ...

whats crypto been around for? ... a few years at best ... no - make that only possibly two years at best - if you dont count the existence of btc 5 years ago ...

seriously - who arguing your point? ... im not! ... opinions and speculation dont make for good bedfellows when facts are involved ...

especially in the crypto world at the moment ...

this is the reason why so many are 'falling' due to 'falling' btc costs and 'rising' expenses ... trying to mesh real world and crypto world is a tricky thing ...

and those that do - do it at a their own risk - albeit - a hig one at that ...

btw - 'i am not open to discussion'? ...

hehehe ... i have NEVER been open to discussion ... EVER!

my opinions however ...

#crysx

[chrysophylax]

 it's a healthy monopolistic position

It is contrary to the definition of de-centralization and with the monopoly on mining , these same companies switched off their operations as we had seen recently despite making big promises to their customers.

agreed ...

mining is always going to be here - large or small - PoW or PoS ...

nothing is a ever healthy monopolistic position unless it TOTALLY benefits the community it is monopolizing ... and none ( so far in history to my knowledge ) has done so FOR the community ...

so yes - it is quite contrary to de-centralization in its essence ...

#crysx

[Amph]

it could be true for sha256 mining, well there are still other sha256 coin to mine, but not certainly for altscene

[throwingbones1]

[NeuroticFish]

It's only a gap. There are coins CPU only or CPU/GPU. Most based on M7.
Smarter guys will come out with smarter ideas. Just give them time.
We got used with too many new coins/algos/ideas in short time..



PS: LOL@mango!!

[BitmoreCoin]

GPU or CPU mining for certain coin is still profitable is your electricity price is low. ASCII mining is usually not because large farms are situated in low electricity area.

[Equate]

GPU or CPU mining for certain coin is still profitable is your electricity price is low. ASCII mining is usually not because large farms are situated in low electricity area.

ASCII mining ? , now that's something new.

[chrysophylax]

GPU or CPU mining for certain coin is still profitable is your electricity price is low. ASCII mining is usually not because large farms are situated in low electricity area.

ASCII mining ? , now that's something new.

i think that was meant to be asic ...



#crysx

[picolo]

GPU or CPU mining for certain coin is still profitable is your electricity price is low. ASCII mining is usually not because large farms are situated in low electricity area.

If your electricity is low, it is profitable to mine bitcoins. Some people don't even pay for their electricity or pay a fixed amount per month.

[funkenstein]

No chance.  New coins will keep coming and home chopping will continue. 

[JessicaSe]

i think year 2015 will be the year of bitcoin and cryptocurrencies,big institution investors will enter crypto  mining and investing