Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
So i don't get one thing. We're talking about crypto-mining, mining that can be done on GPUs or CPUs (mostly on GPUs).
Currently we're at 4TH and max was about 6TH. A 1080ti kicks out let's say 25MH/s. So that means we have had a maximum of 6.000.000 MH on RVN. Now divide that by 25 and you get 160.000 1080ti's for this coin. Of course not everyone will have only 1080ti's. 1060s cap out at 10MH, 1070s maybe at 14 and so on.
Still back to the 160K 1080ti's (aproximate theoretical calculation), you get let's say 20K miner with 8 1080ti's per miner.
All these number are getting ever lower and closer to what could actually be in the world. I don't think many people are mining on their own GPU or SLI GPUs and even is they are, these numbers i've pushed now are not indicative of ASICs. Don't know about FPGA but 12.000 of those would be enough to fill the network at 6TH.
Now comes the part of total hashpower spread. According to https://ravencoin.network/stats, there is an unknown pool (don't know how this works with the unknown pools) that has 20% oh total hashpower (0.8 TH at the time of writing this, 1.2 at maximim 1,2 TH/s), Suprnova and another pool have 13% each, Beepool has another 9% and so on.
Now going back to splitting the total hashpower, Suprnova has ar this moment a reported hashrate of 2.8 TH spread to almost 15K workers. That is 186MH per worker. Taking into account my own rig and all these numbers, i'm pretty sure that ASICs don't run on this network and honestly i don't really think FPGAs exist also.
I know people will start trying to write-off these calculations. These are estimates, and as long as we don't have a clearer view and clear proof of them existing, i stand by my opinion that these doesn't exist.
P.S.: how much would an ASIC kick out by your own opinions? 1-2-3 GHs? do the math
Currently we're at 4TH and max was about 6TH. A 1080ti kicks out let's say 25MH/s. So that means we have had a maximum of 6.000.000 MH on RVN. Now divide that by 25 and you get 160.000 1080ti's for this coin. Of course not everyone will have only 1080ti's. 1060s cap out at 10MH, 1070s maybe at 14 and so on.
Still back to the 160K 1080ti's (aproximate theoretical calculation), you get let's say 20K miner with 8 1080ti's per miner.
All these number are getting ever lower and closer to what could actually be in the world. I don't think many people are mining on their own GPU or SLI GPUs and even is they are, these numbers i've pushed now are not indicative of ASICs. Don't know about FPGA but 12.000 of those would be enough to fill the network at 6TH.
Now comes the part of total hashpower spread. According to https://ravencoin.network/stats, there is an unknown pool (don't know how this works with the unknown pools) that has 20% oh total hashpower (0.8 TH at the time of writing this, 1.2 at maximim 1,2 TH/s), Suprnova and another pool have 13% each, Beepool has another 9% and so on.
Now going back to splitting the total hashpower, Suprnova has ar this moment a reported hashrate of 2.8 TH spread to almost 15K workers. That is 186MH per worker. Taking into account my own rig and all these numbers, i'm pretty sure that ASICs don't run on this network and honestly i don't really think FPGAs exist also.
I know people will start trying to write-off these calculations. These are estimates, and as long as we don't have a clearer view and clear proof of them existing, i stand by my opinion that these doesn't exist.
P.S.: how much would an ASIC kick out by your own opinions? 1-2-3 GHs? do the math
I couldnt state how much ASICs are pushing out as it depends on efficiency and size. Also you dont believe FPGAs exist on the network when numbers have already been stated? Maybe i need a tinfoil hat on to continue this argument. Your trying to guess that there is only GPUs on the network without any actual information to your statement except a worker count on Suprnova which averages 7-8 1080tis per worker.
Of course i'm gonna base some math on clear data that i can find. Again all those numbers i talked about are just guesses. As far as I am concerned, everything you said is just in the realm of gossip. Your "primary sources" on which you are so sure are just other people, like you, talking in chats. That is just talk and Gossip. By the same means i can start talking in different circles about some awesome mining equipment for BTC/ETH or who knows what else and if i have enough aliases and enough chats in which i talk about them there is surely gonna be some dude like you starting to believe. It's necessarily a bad thing, but it doesn't mean it's true.
Maybe i was unclear however in how i mentioned this but i'm not 100% convinced that there are no ASICs or FPGA. I just used info that you provided, and info that is available. Everybody talks about FPGAs at 500MH/s, that's 12 USD per card per day. 360 per month. FPGAs usually are better that GPUs and ASICs are much better than FPGAs. You could say easily 2-3 GH/s. When you take these numbers and put them in a real equation (which i sincerely advise you to do) you'll see that either it doesn't add up or they're just not that many of them. (it would be bad if they exist and it's just .... 10 of them cause that would mean that there are gonna be more soon).
Bottom line, let's not be all that paranoid and see where it goes. Maybe you're gonna be proven right or maybe not. Maybe RVN will "moon" as so many here dream, or maybe it will die, as Subsonic keeps saying endlessly (and quite boring by now).
P.S.: Subsonic, what is your interest in convincing everyone RVN is gonna fail. You think it will, so stay away from it, save your money if that helps and that is all. What do you gain my trying to convine people of your ideeas?
Its funny how you try and say "some dude like you" trying to act like im lower than you when you believe FPGAs have no development or active bitstreams for X16R. I bet you fell for the whole Acorn miner too, and are sad with your units that cant even accelerate your GPUs. Unlike you, i will run data and calculations to understand new products, etc. Run in the Discord and you could see for yourself, when i stated FPGAs will be delayed, Acorns were not worth it, etc. So you could try and speculate your statements, but you are wrong. Also the groups im talking about are not just anyone can join and start spewing shit, but thats probably what you believe everything is? I heard about X16R ASICs in the chat before large sources started saying they have seen them and could confirm them. Just like Lyra ASICs that people didnt believe was true months before public information. Your little Telegrams, Discords, and reddit are not the same as every other chat group online. But i mean you believe everyone on Suprnova is running 7-8 1080tis equivalent or that FPGAs are some unicorn equipment that cannot be developed to mine on.
Well your mathmatics on "clear data" are no way even usable. You are taking Suprnova and trying to base your data off their worker count and hashrate which they do not require a new worker for every mining computer. Someone can take a computer and run 1 miner name per GPU, or 1 miner name for 100 GPUs. To say that the average hashrate per worker is equivalent to 7-8 1080TIs is pretty insane to believe that that could be a usable number. Many people are mining on there with 1 gpu, then you have users with multiple rigs to the same worker name, etc.
BCU1525 at 325mh yes would be low profit, but when you dont have many algos that can withstand large number of FPGAs without drastically damaging profits that is a good number. CVP at 500mh is low but when you need a lot on a single algo to make money its not bad. Public FPGA bitstreams are near worthless compared to X16R, but the thing is all the good Bitstreams will most likely end up being Private. I am not stating whether X16R is heavily used by FPGAs, as 1000 BCU1525 would only perform 300gh at an initial cost of 3million+. ASIC development isnt much more than that cost for a large sized process. Ofcourse there will be FPGAs on the network though through private bitstreams. In January 2019 - March 2019 FPGA running count will greatly increase as a lot of private orders were placed in q3-q4 from private companies. Will these all go on RVN, NO, but a good amount will go on RVN from Private mines due to RVNs ability to withhold a large amount of FPGAs without greatly damaging profits.
Ofcourse with ASIC release they will not put a large amount of ASICs on the network at once. They do not want to be caught. Start up x amount during these slow times, then during pumps like the one in October you can run more. You play the game to not get caught when a lead dev stated they would take down ASICs when it was found to be online. The pump in October was substantial enough that they could have made back majority of their costs for development if it was running since September as some high crypto members have stated.
ASICs will run privately until it is not worth using them anymore, as Tron stated he would take down ASICs. If it is a big manufacturer then they would sell the ASICs when they are not worth mining with anymore on people hoping to run for quick profits like Bitmain tactics have been in the past (not saying its bitmain).