Thanks Citronick for the feedback !
My team had a meeting after the talk and we decided on some contingencies, pending Segwit vs BU bloodbath around "a few weeks before October". We will be investing more on GPU mining and Ethereum.
More GPUs ? what will you choose to expand now ?
Btw, will move the 2PH BTC farm into rental market before the war starts. When things gets risky and volatile, it's better to rent, sell the picks and shovels to goldminers than to mine the gold yourself
Nicehash , or something else ?
During the talk, Andreas spoke about the possible 51% attack -- reading between the lines without too much detail I think he was referring to an example .... the ETH fork not too long ago and how the ETC supporters bought all available Dagger-Hashimoto hash from NH at premium and throw hash at the ETC network to catchup with ETH network.... Vitalik was in the audience and ... Andreas didn't go any further on that discussion - but yes, I get him, I think when push comes to shove BU supporters will probably raid all available SHA256 hash for rent from NH to overtake SegWit fork. So when that happens, I dont mind selling my hash at premium. Call me opportunistic but WTH man... I am really sad if BTC comes to this stage.
According to Andreas, if the 51% attack happens -- there is only a "7 block" advantage and.. guess who has the hashing power stashed away in the Mongolian desert.
GPU mining.... hmmmm.... I think we are looking at a new "Trustware" platform, and it will certainly be GPU minable because software+hardware convergence although will be fair for all (and as predicted by Phil... so many hardware vendors will benefit vs only Bitmaintech profits).... it will not repeat the BTC's case of Bitmaintech dominating ASICs hardware. This is just my opinion. I am taking a big bet on ETH mining since, adoption by major exchanges and Coinbase already favors ETH. So I think ETH is safe haven for now at least short term until POS in 2018. I wonder is ETH is the benchmark of a "Trustware".
Make sense.
Do you plan to expand on Rx470 or rx480 ? or to wait vega before expanding ?
If you are in a position to expand your most import thing is 8gb memory for the card.
then as always price.
I sold every rx 470 except the two I have with 8gb of ram
I sold all my asus rx 480's with only 4gb ram
I sold the panda miner with rx 480 4gb cards. (still waiting for the coin)
I am down to:
three asus rx 480 8gb strix model ------------ does 26- 27mh on 1025 2200 smOS 2 power
one asus rx 480 8gb dual model ------------ does 25-26mh on 1000 2200 smOS 2 power
eight msi rx 480 8gb gamer red led -------- does 27mh on 999 2222 smos 1 power
two msi rx 470 8gb gamer red led -------- does 22mh on 975 1850 smos 2 power
two diamond rx 480 8gb blower waiting for arrival of these
this is 16 cards on 8 rigs
If I get cheap diamond cards I will buy them
But I may do nothing except move the gear to the solar array
Phil , did you fix the Decred to NH issue ? or just satyed with Eth only ?
Another point : do someone know if SimpleMining can handle 7 GPUs with MSI Gaming5 ?
sure it handles the pandaminer with 8
Great thx