There is an inherent weakness about centralized decision making when it comes to changing a coin’s mining algorithm over time. It’s a very large opportunity for conflicts of interest.
1 Like
I plan on getting new Ryzen 3xxx series CPU, so I guess it could pay itself off.
1 Like
Agreed, but like this it is with centralized decison making about NOT changing a coins mining algorithm which, obviously, results as well in a conflict of interest!
At least this will result in an advantage as if there has to be made a decision on further forks or if to follow a given conensus over time way more people participate compared to asics for example…
To be fair this was satoshis vision for bitcoin for the first 4 - 8 years. he saw gpu’s coming and also ASIC’s but he thought the network would have been a lot more mature by that point. Im not saying satoshi was right, but this was at least his intent. (btw, there was an issue when as far as I can remember a user called ArtFortz developed the first btc gpu miner and dominated the network in secret - until others figured it out. - With a much more mature crypto fiat market, this /might/ be an issue at some point for monero. but probably not)
as a side note, im happy to swap my vegas for ryzen. 
It all has some resale.
1 Like
I know this isn’t asic related but i got a 1950x so should i use it to mine some monero? haven’t really read up on the new algo they’re switching to…
Yeah, I planned on buying Ryzen 3700x but if Monero mining will be done on CPU, i might as well buy 3950x Although 3700x is a lot lower power consumption.
Is there anyway to check profitability yet? and yeah that is such a great deal for that CPU wish i would have held off on building my new rig until they were announced.
Not really, not yet. I will send you some info via PM as not to derail this thread. But I intend to drop my vega 56’s for ryzen 2600’s.
But sure, the whole idea of moving to cpu is that anyone who has a pc could mine on their downtime or on unsued cores whilst gaming, etc. The intent is excellent. Don’t know if it will work out like that. I would be careful making big financial decisions on this but it is a really good excuse to get a better cpu
3 Likes
When are they going to switch algo on XMR?
Pretty sure it is supposed to be implemented by October.
2 Likes
Great, thank you! Is there a reliable performance benchmark comparison for the different CPUs?
More than intention it was more a logical conclusion on what money incentive would bring.
I say it now: less than 1 year and randomX will not be asic resistant anymore
Incentive is high even if monero’s issuance is less than others, and many will find workarounds only for the joy of “cracking the code”.
1 Like
Well…
I was going to spend the weekend doing extensive cpu/mb testing for randomX. now it looks like I will be doing GPU testing too.
From the monero sub reddit
Most of the basic benchmarks are here:
Still looks like cpu’s are better.
@Hannibal @Sacsayhuaman @Spiral1990
Here is a start let me know what other hardware you would like me to test, or whatnot in that thread over there.
4 Likes
Sometime (and I missed them both) in the last 3 days Bitmain has pre-sold Z11 for July (sold out) and in August (Sold out).
Thank you for the update!
Currently I am (CPU) mining at 2KH/s average on my test-setup - curious how much it would be on RandomX!?
This is pretty interesting. I wonder if it’s a signal that ASICs have reached a level of maturity for Zcash? E.g., no more 10x gains over previous models.
So per the bitmain website, they are only listing the Z11 for sale (sold out)
but visiting a few other sites I noticed one site has additional version of the bitmain equihash miners listed ?? interesting!
Guys look. We can literally replace ASICs with GPUs and the situation would be no different.
China already has the electricity costs better than the US. If you replace the ASICs with the GPUs, they are still going to be in the same place because of the energy cost.You think GPUs farms are going to be different than ASICs? Literally no difference. You saw the price increase in graphics cards. ASICs actually have skin in the game because any GPU miner can just go to another coin that’s more profitable. GPU miners don’t care.
I keep seeing this “centralization” topic. Again, do you really think that situation will change? Chinese companies can easily replace their farms to GPUs and then you’ll complain because they will always have more rigs at lower energy. It has nothing to do with it being “centralized” in China. If an American company did the exact same thing, Chinese Miners would complain the exact same way and scream at centralization in the US. There is literally no difference what the situation is with centralization. There will always be a work around. Bitmain will always look for a work around because AMD and NVIDIA are too busy to get into the market otherwise you would be screaming about them too, which if you google it, you will find that both of of the latter chip makers are admitting partnering with the ProgPOW team for that. The next BITMAIN?
I honestly don’t understand this centralization thing. A company really wanted to take over a coin, they would. I keep seeing that the some 51% attacks would take $30k per hour for it. If someone actually wanted to destroy it, it would happen. You’re literally seeing a shift fro BITMAIN to AMD and NVIDIA because you want to spend so much money to switch over the ProgPOW for what? The Chinese holders will then complain because centralization in the US. It is a never ending battle. So much time, money, wasted resources are spent on this. That is the downside of a POW system. Because of energy costs, you will always battle the one that has the lowest. GPUs will always go to the coin with the most profit. A lot just mine until a new GPU comes out, sells their obolsete that one and gets the more efficient one. So you increase the price of GPUs, gamers are yelling at the miners but they don’t care, so then why should the ASIC miners? GPU miners scream at BITMAIN but are the same ones that are going to buy the ones from AMD and NVIDIA when they produce their ASICs for the ProgPOW. This literally makes no sense. You move to a POS system and BITMAIN buys most of the coin, eating up the whole centralization idea. I would rather not get into the POS system because that is off topic, but no one can keep bringing up centralization when any system you look at, the big players will always have the upper hand.
I personally have a solar roof on my house it keeps me somewhat competitive, fighting the chinese energy costs. I own GPUs and ASICs. I prefer ASICs because of the effeciency. I know both sides of the story because I’m living it. Forking is a dumb idea, you are only fighting the enivitable with admitable proof from AMD and NVIDIA getting into the market now. It will be no different than BITMAIN. It’s sad to see the split with the community on this from ASIC miners who carry the load and GPU miners who want to have another choice in coin. GPU or ASIC miners, will always try to find the most effecient way to mine. One side will always be upset and will want to “dump all coins” no mater what direction. ASICs will dump when the algo changes and GPUs will dump when it doesn’t. At least the ASICs are more loyal than a GPU who will abondon ship if anything goes wrong.
A core foundation of cryptocurrency is that is decentralised so no one can take your money from you. OR black ball you from having a bank account. It is also so there is no one central point of failure.
Compare it to bittorrent and peer to peer networking (napster for example) rather than iTunes, or World of Warcraft (where if you get banned you lose everything)
No they aren’t, they both released mining variants of their gpus that had much tighter memory timings and no video out headers.
Okay so you don’t want them to get in the game, which is it? Regarding the ProgPOW ppl working with nVid and AMD - it makes sense if you are trying to make software that utilisies the gpu aspects of the gpu that cant really be done on an asic without that asic being a gpu, then you would be a fool not to talk to them.
99% of the problems with algo’s being ASIC mineable is from them being designed from a crypto and software point of view not a hardware.
You want access to the people that design the board layouts, design the chips, the cache, that decide on the memory, the software, the drivers, etc. And you have to talk to both because there is no standard for gpu architecture like there is for x86, etc. (Intel, Google and Bitmain all make an AI variant of a gpu with intel releasing a proper gpu sometime in the next couple of years)
How is an asic more efficient than a gpu? you know what the Difficulty Adjustment Algorithm is right?
I can go to the shop now and buy a GPU and start making 3:1 on my electric in the uk. Where can I get an ASIC?
I hope this clears a few things up for you.
1 Like
I think in the case of Zcash most GPU miners were very loyal. After the Asics , a lot of them moved on. Most GPU miners holdl ed while most Asics kept on selling to roi. Talking for my self ( europian elec prices ) I even kept on mining when I " lost " money, and didn’t sell shit, If I had bought an Asic I would honestly say I would sell to get some money back before the new batch. With GPU there will be allways people with 1000 of them, but you still could make some money with a 1060, with an asic from two gens ago you will be happy to cover costs. And since a lot of asics come from China, they aren’t avaibal in every country and in the States they got a nice premium due to the ongoing trade war. And here was the biggest point for me against Asics, 1 could forsee that in case of Asics on the network, it wouldn’t take long before most Hashpower came from China. I rather see large GPU farms then that are shattered around the globe.
3 Likes