Re: 8th Alt coin thread. Or what to do now that asics are all over the place.

I cannot believe that you are still mining this BCI shit.
I know you are mining Grin as well, but ffs brother, if you want more BCI, then buy some.
BCI is nowhere to be found on mining profitability lists.

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Quote from: adaseb on February 04, 2019, 05:57:12 AM

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?

It is what the current miners are optimized in.
One year ago, AMD was ahead of NVDIA on the GPU race.
Now things have shifted a bit towards NVDIA favor. Their difference in performance is roughly 1/3 regardless of the coin.
New AMD 16 GB is out. Wink

I was vocal against BCI and then their community attacked my video & channel lol

I'm really curious as to what you see in them Phil, I am surprised to see you throw all your weight behind a project -- especially BCI

Also a side note, any good how to mine (x) coin guides you've read recently -- I'm trying to create more written content and want some stuff to compare to

I suppose it's the appeal of PoW+PoS. You not only accumulate them by mining, you get some extra interest on top. The more you have, the more you stake too.

Unfortunately it's not helping much to get 5-10% annual interest when the price of the coin gets smacked down 80% over the course of 6 months...

I'm a sucker for Veil (for the same reasons). I'm hoping that a) the technology is better which might b) keep the price higher and c) increase my staking reward significantly.

which is why mining them with paid off gear and a funky power deal works.

mining them with new gear and paying 10 cents for power does not work

buying them does not work.

my exposure to fiat loss is small since it is only with cheap solar deal power for most of them getting mined.

my upside is silly good. I have close to six thousand coins of BCI mined cheaply on paid off gear. by years end I could be pushing 10,000 maybe 12,000 coins. if they are 20 cents like they are today oh well if they are 1 dollar it is a good year.
if they are 2 dollars it is a very good year
if they are 3 dollars it would be a great year.