Quote from: Kayahoga on August 11, 2016, 02:36:24 AM

Quote from: Jumbley on August 11, 2016, 01:02:41 AM

Quote from: Kayahoga on August 11, 2016, 12:58:34 AM

I am glad the Qubit ASIC topic has come up again. Ive been mining Qubit for ages and had to finally shut down my rig. Around July 1st the asics were released and my profitability just tanked.

I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement. I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.

why shut down rig? Why not re-task to another algorithm? If the mining isn't better for you elsewhere because your rig is so small, you can stay on Qubit like a true DigiByte knight.

I have looked at the others, Sha-256 / Scrypt / Qubit are out the window because of ASICS, Skein is incredibly power hungry and hard on my GPUs ( tons more heat, fans run alot harder ) and Groestl is possibly an option but it doesnt run as cool as qubit, uses more electricity, i cant undervolt as much for power efficiency, plus the difficulty is high enough that I cant cover my electricity bills.

Id mine if i can at least cover the electricity bill but i shutdown the rig because if I mine i want to support Digibyte and right now it isnt worth it to use a very power hungry algo and its summer so I have a hard enough time cooling it as is.

Yep... Myr-Groestl is FPGA'd. Skein I don't know exactly, but these algos are designed to be friendly to specialised hardware. They're only profitable for some GPU miners because they're unpopular. All the GPUs are mining ETH/ETC now. I guess it would be smart to swap them both for a more modern GPU algo...