I am not too technical on the details but what is the deal exactly with ProgPOW? It seems that it will level the field with ASICs and GPUs however the brand of GPU seems to play a factor.
It seems that Nvidia performs much better than AMD, and is the reason for this that Nvidia generally costs more and since it costs more they want to make it more fair in that regards.
For example, say you can buy 2 AMDs for the price of 1 Nvidia. The 1 Nvidia will perform at the exact same speed as the 2 AMDs combined. Is this the point they are going for or is it just the way that the current miners are optimized?
No, mining currently has no effect on video card prices. That was like 6-18 months ago. Their prices today has more to do with gaming. With that said Nvidia cards do beat out AMD when it comes to algorithms like progpow and mimblewimble. I think the only algorithms where AMD flat out beats NVIDIA are all the cryptonight variants.
Anyways its very cheap now if you want to get into mining, but of course, thats because there's no money to be made. The used market is flooded with people selling their mining equipment. And if you buy new you could probably get some good deals.
With that said, spend at your own risk. Crypto doesn't look like it will be going up anytime soon. I'm still here since mining heats up the house pretty nicely during the winter. But once it hits April or May I will have to downsize the farm quite a bit. this is the key for mining. How much power cost is.
Was not true in December 2017 key was how much gear you could run .
In the garage
I have :
1 apollo =130 watts
some sidehack usb sticks = 30 watts
some moonlander sticks = 100 watts
4 vegas = 800
1 rx 580 =140
2 rtx 2070 = 140
1 threadripper = 90
2x ryzen 2700's = 140
total 1570 watts lets bump to 1600 or 1.6 x 24 x 31 = 1190 kwatts lets bump to 1200 kwatts x 13 cents = 156 in power
heat is worth 20 percent so 31 off I spend 125 in power in my home.
I have 3 s-9s hosted for a total of 130 a month
so fiat cost in power for paid off gear = 225 the 3 s-9's earn 185 so net loss would be 40 a month if the bci and the ltc/doge and the grin were zero.
I mostly mine bci in the garage say 150 a month at 20 cents = 30
so -40 + 30 = -10
the grin is 6 a week = +24 so +14
the usb sticks are solo pools
the apollo is solo pool in 15 months I hit a block of doge which is a dollar a month. so my garage mining makes about 15 a month.
but the solar deals are 12 1080ti's at zero fiat ½ coins so that is 450 bci and 16 grin monthly of which ½ are mine
so 450 x 20 cent = 90 for the bci
16 x 5bucks = 80 for the grin
I net 170 ½ is mine = 85 a month so 85 + 15 = 100 a month
That does not count the :
530th BTC
7gh LTC
Solar project in Clifton
that is ½ coins for the warehouse owner ½ coins to be split with buysolar and I
so I have 530/2 = 265/2 = 132 th free btc mining about 600 usd a month
I have 7/2 = 3.5/2 = 1.75 gh free ltc mining about 250 usd a month
thats 850 monthly profit
So I am 950 a month round down for travel to clifton I am 900 a month
I cash some btc and some ltc
I hodl BCI
I hodl GRIN
I could do this for a long time and mostly break even on fiat while gaining coins.
1 bull run and nice score
Stays the same for a year I would coin 900 x 12 = 10800 of which I would keep 5000 of that in coin and cash 5800 out in profit.
So I have a plan for all of 2019.
I also take the 10,800 number and I round down to 8,000 of which I would pull 5,000 cash and keep 3,000 coin.
Thats worse case. Since I am hodling all the bci and the grin if they drop 8000 is more realistic
If either BCI or GRIN take off I am golden.
All of the above represents gear paid off from profits in 2017
BTW 2017 profits are not all gone, but I Have reached the point of no more expansion from now till July.