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Showing 6 of 6 results by Notmetoo
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Board Mining (Altcoins)
Re: Sapphire looks to GRIN Future
by
Notmetoo
on 07/03/2019, 23:13:06 UTC
Metroid: for GRIN COIN, the use of GPUs is the only source of mining right now and our 570 16GB card is the lowest cost card that can efficiently mine C31 for GRIN. So there are still some buying GPUs for mining.

Thank you for the reply, please do keep in mind my suggestion, increasing the warrant would help in this market on selected gpus, aside from that, I know you guys can't do much other than what you are already doing, sincerely and to point it out, is a great initiative, Sapphire is not an Nvidia partner and as such the next amd's best thing is Navi and I think a plan on how to tackle the mining business with it is in progress. I do hope you guys as 1st amd partner can find ways to compete x nvidia cause the way things are, nvidia is winning and this market is only at the beginning as I sure think you at sapphire are well aware of it.

Metroid, my apologies for the slight jab in my previous post.

I think it's great that Sapphire took the plunge to release a unique product for Grin while others are running away from GPU's.

Nvidia seems to be getting all the attention nowadays and it may get worse in ETH if and when they change to Progpow. I certainly hope that Navi puts AMD and Sapphire back in the race.
Post
Topic
Board Mining (Altcoins)
Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability
by
Notmetoo
on 07/03/2019, 22:57:55 UTC
Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings.


Hey VoskCoin, seems you are wrong about the lower rewards; it has been really well the same as before the fork.

While you are correct that the rewards went from 3 to 2 coins per block, remember that the block time has also changed from 20 seconds down to 12 seconds. So unless you are mining just for one block and then turning off your gpu, the returns are the same. ie. 2/3 rewards x 20/12 time is approximately unchanged.
Post
Topic
Board Mining (Altcoins)
Re: Acorn M.2 FPGA based GPU Accelerator
by
Notmetoo
on 07/03/2019, 22:51:09 UTC
I hear this company is preparing for a nice soft launch of their miner on April 1st.
That's a meme, don't spread it, if are lucky it would be that early.
Do you know what a April fools joke is?

Yes, I think I am one of the thousands of fools who got suckered in by SQRL and their FPGA hype. The only use I get out of my acorn is as an expensive paperweight.
Post
Topic
Board Mining (Altcoins)
Re: SAPPHIRE Solutions will Support C32/Cuckatoo 32
by
Notmetoo
on 07/03/2019, 22:44:58 UTC
its still a 5 series card, they sure as heck dont draw 200w just because of a few extra memory chips

I am curious why grin31 is being targeted when that is the ASIC friendly version of the algo, Grin29 is meant for GPUs

Why put out a product targeting an algo its not meant for? I am a bit confused by that.

From the mimblewimble github:

Grin POW Basics

Grin accepts 2 Proofs-of-Work. Both are variants of a concept called 'Cuckoo Cycle'.

    CuckARoo (or ASIC Resistant) is intended to be mined by GPUs. It can be mined using a 6GB+ GPU.
    CuckAToo (or ASIC Targeted) is intended to be mined by ASICs in the future. It can also be mined using 11GB+ GPUs.



While yes with 11gb GPUs its possible, but that still not what it was designed for.


Edit: And how will you support C32? That requires a minimum of 22gb of VRAM for its graphing from what I understand.


Takes a long time to understand Grin as by design, it tries to address many of the deficiencies of today's cryptocurrencies.

To answer your question of why mine c31 on a gpu, it's very simple ... ARBITRAGE!  You point your GPU resources where it has the  highest leverage or the highest potential returns ... which is exactly what GPU miners do jumping from algo to algo or coin to coin.

c31 has 2 operating modes, mean (big memory for GPU) and lean (smaller memory for ASIC's). The return on c31 (basic-friendly algo) is much higher than on c29 (asic resistant algo) because of the network hash rate. I remember it was 15x more hashing power on c29 than on c31 meaning there is less competition on c31 and therefore higher rewards.

What is particularly interesting is that the returns on c31 increase about 1% a week and the returns on c29 fall 1% a week. My conclusion after doing the math is that c29 will be unprofitable soon whereas c31 becomes more profitable.

The other point to note is that all the grin return calculators seem to be incorrect as they do not model the return dynamics over time and are simply ports of existing calculations using todays static return.



Post
Topic
Board Mining (Altcoins)
Re: Sapphire looks to GRIN Future
by
Notmetoo
on 07/03/2019, 22:26:55 UTC

16 gb high memory bandwidth is good.
570 chipset is so outdated and slow on clocks.



Don't confuse age with ability. I have an old mustang what will destroy my 911 on the track (with some supercharger and suspension enhancements).

Grin mining for Cuckatoo31 or c31 on GPU's favors large frame buffers. It's been designed to run in 12 or 14 gb memory which is why the sapphire board trying to target. Otherwise you have deploy a memory paging or solver overflow routine which decreases fidelity (real life performance).

From what I've seen in the labs, the sapphire board outperforms the 1080ti mining C31 undermining pool conditions even though 1080ti reports 10% better performance.
Post
Topic
Board Mining (Altcoins)
Re: Sapphire looks to GRIN Future
by
Notmetoo
on 07/03/2019, 22:13:25 UTC
Unnecessary hype, you trolls at sapphire should focus on increasing the rma to at least 6 years, nobody will buy gpus for mining anymore, return of investment right now is over 4400 days, that is almost 13 years.

https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30&p=130&fee=3&cost=0.1&hcost=199&commit=Calculate

Fwiw Metroid, this time you might be the troll. Wink

Grin has been designed to support GPU with a phase-in of ASIC over the span of 2 years. I have several GPU's switched over to mining Grin and also one of the Sapphire cards.

ROI is 40 weeks or so as I running in in C31 which is the ASIC friendly algorithm. It's very ironic that a GPU is making money using the Grin ASIC branch.

Here's a breakdown of the algorithms and phased rewards. Yes it's in geek talk but these who understand will figure out how to make money.
https://www.grin-forum.org/t/on-dual-pow-graph-rates-gps-and-difficulty/2144