Quote from: greyday on June 02, 2018, 12:30:58 AM

Quote from: ant958 on June 01, 2018, 10:05:46 PM

Quote from: heavyarms1912 on June 01, 2018, 08:51:52 PM

Quote from: greyday on June 01, 2018, 08:13:26 PM

Quote from: ant958 on June 01, 2018, 02:16:36 PM

Quote from: rjenkin on June 01, 2018, 06:47:44 AM

With the ETN fork I was wondering what is the best coin people are mining right now? Whattomine and Coinwarz only show a few coins with max say $12 per day but if you look on Nicehash at the Cryptonight pool it's paying $22 a day for the same hashrate (320khash). That tells me people are mining another cryptonight (old not v7) coin that's more profitable than $22 a day. Unfortunately X3 isn't compatible with Nicehash. I was wondering if anyone had found what that coin or coins were? I've struggled Googling around to find the best one.

I haven't seen anything over $6.50 a day. That X3 can mine.

The X3 is now roughly on par with a 4 card 1070 rig for income, the rig would be about 20% more energy efficient. That's what everyone had been saying for a while.

ASICs are great if you can get in early or if they are for a stable coin (the Litecoin and Bitcoin miners tend to be worth running for long, long periods of time, for example). The X3 will likely be a spaceheater that pays for some to most of the energy it uses by July. Z9 probably by August, depending on how many they ship. That's why batch 2 and beyond is never a good purchase unless it's for a coin you are collecting and holding.

And yet we'll keep buying ASICs and fund BITMAIN next gen ASIC which they would sell once they do some good amount of "testing".

That is true.

Not necessarily. I mean, probably, but the next gen of GPUs will probably be the hot market for a bit, then the next gen of ASICs, with FPGAs dotting the landscapes in between both. The main problem I see is that greed outweighs efficiency; so like how the Z9 is actually really great for equihash mining because it is so much more environmentally friendly, it only will be for like a month or two, when the market is flooded with ASICs and the difficulty brings the actual income (and, as such, demand for more gear) down to something comparable to current rigs; i.e., it's not long before the Z9 will earn the equivalent amount of 300-400W energy in gpus, or roughly 4 well tuned 1070s, do right now. Which mines a lot less. And the end result isn't amore efficient system, since most of these coins still lack much practical use. It's almost like a shell game...

But if new products are going to hit the market, it's definitely better that they are more energy efficient for short bursts than just flooding it with inefficiency I suppose. This is all why I usually advise new people to invest instead of mine; it's not an exclusivity thing, it's a practical one.

Plus being honest, I'd probably be much further ahead financially if I'd just bought Bitcoin or Ethereum with the money I've spent on mining gear, I just happen to really like learning about this stuff.

Same here, but I did indeed buy coin. Mostly XLM, XRP, and ETH before buying a miner. Now I have some low price coin that I mined rather than buy. It's all a gamble like the stock market. Bought into some MJ companies TRTC and CVSI.... the two top revenue US traded companies (also a gamble since MJ still illegal federally)