[ANN] profit switching auto-exchanging pool - www.middlecoin.com

[sykal]

wow a whole 6 MHs for about $5400! What a steal! You're right, GPU Mining is so dead!

lol

If you don't see the significance of a working Scrypt ASIC then I don't know what else to say.

GPU mining is not dead, but if that ASIC is real, then it is on it's way out.

if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.

Do the math please, then really let it sink in.

[dragonmike]

How efficient was the first gen of sha256 asics? Maybe it's just the beginning... :-/

[kalnas]

wow a whole 6 MHs for about $5400! What a steal! You're right, GPU Mining is so dead!

lol

If you don't see the significance of a working Scrypt ASIC then I don't know what else to say.

GPU mining is not dead, but if that ASIC is real, then it is on it's way out.

it was the same for BTC.
But then LTC was made..
Now we have Scrypt-jane, MMC, Quark and I thins number of new stuff will be invented to keep GPU busy...

[The Fat Miner]

More to do with the fact you jumped down my throat because you think I have no idea what I'm doing,I haven't posted a lot, But I've been reading these forums for ages.

That wasn't me though..

Besides, I'm not a deep-throat kind of guy - I prefer the kind of friction you can only find in an unshaven armpit.

So sorry about that lol , I thought it was that nob from earlier haha, Going blind in my old age.

Really gutted because my hash rate has dropped off to exactly like it was before I reinstalled Windows, I don't know what has happened, The only answer I have is that the stat reporting has changed for everyone, But if that was the case I'm sure other users would be complaining they have lost power.

[Tripjammer]

wow a whole 6 MHs for about $5400! What a steal! You're right, GPU Mining is so dead!

lol

If you don't see the significance of a working Scrypt ASIC then I don't know what else to say.

GPU mining is not dead, but if that ASIC is real, then it is on it's way out.

if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.

Do the math please, then really let it sink in.

Those early script asics are the scam ones. Once the big players (manufactures) jump in the price will drop to less than $1000 for 5mh/s script ASIC and then GPU's will be dead for scrypt mining. But it's going to take some time. Probably not till mid 2015...

[The Fat Miner]

GPU mining is NOT dead.

you can buy 9 R9 280X cards for $3500 and get the same hash rate 6MH @ 1800W. Power usage is higher than ASIC (1200W). But GPUs have a second hand market value. GPUs come with warranty and they are manufactured by well known companies unlike those ASIC vendors who accept BTC and Western Union payments only.

Exactly what I think too, Who wants to be left with a machine that's no good for anything else. Totally not worth it.

[MrBobC]

Greatly appreciate the help with the BAMT and nano the live cfg file to get GPUs up and running.  Another question though: I have the MSI-Z77A-GD65 which should support 7 GPUs in theory.  I plugged in a 7th GPU and turned on the PC and got nothing, not even fans spinning up when I turned on the PC.  I did a presence short on the x1 slot and now it looks like it is running, but I don't see it in the BAMT.  Do I need to further change the vmalloc=256M setting?

[Damnsammit]

if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.

Do the math please, then really let it sink in.

I appreciate your condescension.  Let me reciprocate it.

The cost of the 3MH/s model is 11190 Chinese Yuan, or $1849.19 according to the supplier’s website.
That is currently $0.61/kH

Let’s just say you can get 280X’s left and right for $300 because you are a fucking wicked smooth barterer.  You also get 800kH/s on each card because you are a configuration specialist.  So just for the cards, you are paying $0.375/kH.  Let’s not even factor in electricity or other components you need for your rig as we all have closets full of spare computer parts to build endless rigs.  You are getting a 40% discount on hashing power with GPUs compared to an ASIC.

Thankfully, you don’t have to worry about ASICs becoming more powerful and more affordable.  That never happened with Bitcoin right?  That’s why after ASICs came out last year, they were continually outperformed by GPUs.  Oh what’s that?  That shit didn’t happen?  No fucking shit dumbass.

If there is a chip that is producing 300kH/s right now, then there will be a Scrypt ASIC chip this year that will make GPU mining ineffective for Scrypt just as last year it became ineffective for SHA256.

You can have this lesson for free.  Next time you think your math is great, you should think a little more progressively and stop being short-sighted.

[sykal]

if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.

Do the math please, then really let it sink in.

I appreciate your condescension.  Let me reciprocate it.

The cost of the 3MH/s model is 11190 Chinese Yuan, or $1849.19 according to the supplier’s website.
That is currently $0.61/kH

Let’s just say you can get 280X’s left and right for $300 because you are a fucking wicked smooth barterer.  You also get 800kH/s on each card because you are a configuration specialist.  So just for the cards, you are paying $0.375/kH.  Let’s not even factor in electricity or other components you need for your rig as we all have closets full of spare computer parts to build endless rigs.  You are getting a 40% discount on hashing power with GPUs compared to an ASIC.

Thankfully, you don’t have to worry about ASICs becoming more powerful and more affordable.  That never happened with Bitcoin right?  That’s why after ASICs came out last year, they were continually outperformed by GPUs.  Oh what’s that?  That shit didn’t happen?  No fucking shit dumbass.

If there is a chip that is producing 300kH/s right now, then there will be a Scrypt ASIC chip this year that will make GPU mining ineffective for Scrypt just as last year it became ineffective for SHA256.

You can have this lesson for free.  Next time you think your math is great, you should think a little more progressively and stop being short-sighted.

LoL

So basically, in your opinion, ASICS will continue to grow at an exponentially powerful rate until they destroy GPUs this year....and everyone who disagrees with your 'yet to be invented' phantom ASIC chip is being short-sighted.

Honest question, do you actually know the difference between SHA256, and Scrypt? Do you actually know WHY it's difficult to make a scrypt ASIC chip?
Maybe you should do more homework before spouting off about chips that will crush GPU mining, in the future.

[jedimstr]

One thing that hasn't been taken into account for all these ASIC arguments.

Bitcoin Devs did not actively shun FPGA and later ASICs... they stayed the course with SHA256 and encouraged their development.

Litecoin (and other Scrypt) Devs have as part of their list of features ASIC resistance for the Scrypt Algorithm.  There have already been discussions on switching to something else like Scrypt-Jane or another more esoteric algo when ASIC's come knocking on GPU's power/hashrate threshold. They will do a hardfork if necessary to keep Mining a community activity.

That's the core difference between what happened before with Bitcoin and what's happening today in the Altcoin scene.

[Damnsammit]

LoL

So basically, in your opinion, ASICS will continue to grow at an exponentially powerful rate until they destroy GPUs this year....and everyone who disagrees with your 'yet to be invented' phantom ASIC chip is being short-sighted.

Do you know what Bitcoin is?  Were you alive last year?  

How can you act as if that is not the extremely recent history of SHA256?

I doubted that there would even be a Scrypt ASIC until 2015, but if this thing is real, then it's not good news for GPU miners.  

[The Fat Miner]

The 1000 mhash person was a botnet. Microsoft just patched it out the same time the 1000 mhash miner disappeared.

Source: http://www.coindesk.com/microsoft-destroys-bitcoin-mining-botnet-sefnit/

"Microsoft has gone on the offensive against the ‘Sefnit’ botnet and it has remotely removed an older version of the Tor Browser from an estimated two million computers.

Sefnit is a curious form of Tor-based malware that managed to infect millions of computers and turn them into zombies for click fraud and bitcoin mining"


H2O said he knew this person and confirmed it was NOT a botnet. Another lie found out from H2O!

To be honest I thought it was a Botnet right away, Who on earth could afford to plow so much money into hashing power so fast, Trouble is , I'm now worried their tactics have changed and it's hidden in plain sight , I've lost a ton of hashing power since yesterday, And for the life of me can't see where it's gone.

[kalnas]

One thing that hasn't been taken into account for all these ASIC arguments.

Bitcoin Devs did not actively shun FPGA and later ASICs... they stayed the course with SHA256 and encouraged their development.

Litecoin (and other Scrypt) Devs have as part of their list of features ASIC resistance for the Scrypt Algorithm.  There have already been discussions on switching to something else like Scrypt-Jane or another more esoteric algo when ASIC's come knocking on GPU's power/hashrate threshold. They will do a hardfork if necessary to keep Mining a community activity.

That's the core difference between what happened before with Bitcoin and what's happening today in the Altcoin scene.

switching litecoin to scrypt-jane would be awesome I thing this would kill any feature development of asics.

[Damnsammit]

Litecoin (and other Scrypt) Devs have as part of their list of features ASIC resistance for the Scrypt Algorithm.  There have already been discussions on switching to something else like Scrypt-Jane or another more esoteric algo when ASIC's come knocking on GPU's power/hashrate threshold. They will do a hardfork if necessary to keep Mining a community activity.

Good point, and I hope you are right.

I'm going to be very shocked if this ASIC is real and hope to hell it isn't.  Figured it would be a bit longer before we saw Scrypt ASICs.

[jedimstr]

Litecoin (and other Scrypt) Devs have as part of their list of features ASIC resistance for the Scrypt Algorithm.  There have already been discussions on switching to something else like Scrypt-Jane or another more esoteric algo when ASIC's come knocking on GPU's power/hashrate threshold. They will do a hardfork if necessary to keep Mining a community activity.

Good point, and I hope you are right.

I'm going to be very shocked if this ASIC is real and hope to hell it isn't.  Figured it would be a bit longer before we saw Scrypt ASICs.

I'm actually surprised we didn't see it earlier... or even a customized board from AMD or nVidia dedicated to mining scrypt that gets rid of all the extra hardware we don't need for this specialized work...

Regardless, since ASIC resistance is such a core feature of most of the coins we're mining on Middlecoin, I'm not worried.  If ASICs are made effective, the coin devs will make tweaks (small or large) that will make them useless.

[jedimstr]

The 1000 mhash person was a botnet. Microsoft just patched it out the same time the 1000 mhash miner disappeared.

Source: http://www.coindesk.com/microsoft-destroys-bitcoin-mining-botnet-sefnit/

"Microsoft has gone on the offensive against the ‘Sefnit’ botnet and it has remotely removed an older version of the Tor Browser from an estimated two million computers.

Sefnit is a curious form of Tor-based malware that managed to infect millions of computers and turn them into zombies for click fraud and bitcoin mining"


H2O said he knew this person and confirmed it was NOT a botnet. Another lie found out from H2O!

To be honest I thought it was a Botnet right away, Who on earth could afford to plow so much money into hashing power so fast, Trouble is , I'm now worried their tactics have changed and it's hidden in plain sight , I've lost a ton of hashing power since yesterday, And for the life of me can't see where it's gone.

I have a feeling your hashrate issues are still tied to your power outtage.  You probably burnt out your boards' VRMs or blew a few capacitors that reduced how long they could run at full tilt.  The power outtage didn't kill your rigs outright, but it did handicap your boards for endurance.

I definitely wouldn't blame the spooky high hashrate boogeyman botnet in the closet
That's why a windows install didn't help all that much and why noone else is seeing the same hashrate drop you are.

[petabytecoin]

if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.

Do the math please, then really let it sink in.

I appreciate your condescension.  Let me reciprocate it.

The cost of the 3MH/s model is 11190 Chinese Yuan, or $1849.19 according to the supplier’s website.
That is currently $0.61/kH

Let’s just say you can get 280X’s left and right for $300 because you are a fucking wicked smooth barterer.  You also get 800kH/s on each card because you are a configuration specialist.  So just for the cards, you are paying $0.375/kH.  Let’s not even factor in electricity or other components you need for your rig as we all have closets full of spare computer parts to build endless rigs.  You are getting a 40% discount on hashing power with GPUs compared to an ASIC.

Thankfully, you don’t have to worry about ASICs becoming more powerful and more affordable.  That never happened with Bitcoin right?  That’s why after ASICs came out last year, they were continually outperformed by GPUs.  Oh what’s that?  That shit didn’t happen?  No fucking shit dumbass.

If there is a chip that is producing 300kH/s right now, then there will be a Scrypt ASIC chip this year that will make GPU mining ineffective for Scrypt just as last year it became ineffective for SHA256.

You can have this lesson for free.  Next time you think your math is great, you should think a little more progressively and stop being short-sighted.

For anyone who actually has to pay for electricity, as ASICs get more advanced with each iteration it is inevitable that they will push GPUs out. I don't know if there will be a mass migration to something other than SHA256 or Scrypt or if it's the end of the road for GPUs. Even if there is such a mass migration, it might be unworkable for GPUs and must be run on CPUs, or ironically it might work better on Nvidia GPUs.

It's possible that least some of the first gen scrypt ASICs are going to be mined by the producers rather than sold on the open market. Just something to keep in mind.

[dgross0818]

The 1000 mhash person was a botnet. Microsoft just patched it out the same time the 1000 mhash miner disappeared.

Source: http://www.coindesk.com/microsoft-destroys-bitcoin-mining-botnet-sefnit/

"Microsoft has gone on the offensive against the ‘Sefnit’ botnet and it has remotely removed an older version of the Tor Browser from an estimated two million computers.

Sefnit is a curious form of Tor-based malware that managed to infect millions of computers and turn them into zombies for click fraud and bitcoin mining"


H2O said he knew this person and confirmed it was NOT a botnet. Another lie found out from H2O!

To be honest I thought it was a Botnet right away, Who on earth could afford to plow so much money into hashing power so fast, Trouble is , I'm now worried their tactics have changed and it's hidden in plain sight , I've lost a ton of hashing power since yesterday, And for the life of me can't see where it's gone.

I have a feeling your hashrate issues are still tied to your power outtage.  You probably burnt out your boards' VRMs or blew a few capacitors that reduced how long they could run at full tilt.  The power outtage didn't kill your rigs outright, but it did handicap your boards for endurance.

I definitely wouldn't blame the spooky high hashrate boogeyman botnet in the closet
That's why a windows install didn't help all that much and why noone else is seeing the same hashrate drop you are.

Agreed, if you are still having issues then I would jump pools for a few hours and see if you notice the same there (then it's you) or you're back to normal (probably a connection issue to Middlecoin). If this was a widespread thing I can guarantee the people who have 20+ MH farms would be up in arms over where their hashing power was going.

[arbuzzinho]

if you don't see that you still get a significantly higher hash rate with GPU for the price of the ASIC Scrypt I don't know what to say.
Power usage savings of even 1k watts, is minimal considering the much higher hash output.

Do the math please, then really let it sink in.

I appreciate your condescension.  Let me reciprocate it.

The cost of the 3MH/s model is 11190 Chinese Yuan, or $1849.19 according to the supplier’s website.
That is currently $0.61/kH

Let’s just say you can get 280X’s left and right for $300 because you are a fucking wicked smooth barterer.  You also get 800kH/s on each card because you are a configuration specialist.  So just for the cards, you are paying $0.375/kH.  Let’s not even factor in electricity or other components you need for your rig as we all have closets full of spare computer parts to build endless rigs.  You are getting a 40% discount on hashing power with GPUs compared to an ASIC.

Thankfully, you don’t have to worry about ASICs becoming more powerful and more affordable.  That never happened with Bitcoin right?  That’s why after ASICs came out last year, they were continually outperformed by GPUs.  Oh what’s that?  That shit didn’t happen?  No fucking shit dumbass.

If there is a chip that is producing 300kH/s right now, then there will be a Scrypt ASIC chip this year that will make GPU mining ineffective for Scrypt just as last year it became ineffective for SHA256.

You can have this lesson for free.  Next time you think your math is great, you should think a little more progressively and stop being short-sighted.

1. there's no scrypt chip producing 300kH/s
2. how much ram does sha256 mining need - almost 0
3. how much ram does scrypt mining need - shitload
4. is fast ram cheap? n0pe
5. can asic scrypt miners be as good as asic sha256 miners? (thousands time faster?) - N0PE , unless you can get 1000GB (ultra fast ddr5) cheap ram
6. can u stop telling bullshits? i guss so

[Damnsammit]

1. there's no scrypt chip producing 300kH/s

I hope you are right.

The other numbers don't even need to be addressed since it is clear you are not interested in exploring hypothetical situations which is the preface of the entire message of mine that you quoted.