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Showing 20 of 40 results by itzazkrit
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Board Hardware
Re: 17.2TH/s, 1570W Innosilicon announces the most powerful and efficient BTC Miner
by
itzazkrit
on 31/05/2018, 17:22:21 UTC
You definitely need to cut back on your caffeine intake for awhile...going to give yourself a heart attack.

AsicBoost is a joke, period.   And by no means am I pro Bitmain.   Innovation is great, however AsicBoost isn't the right answer.   


I don't think AB is an answer to anything.  It's just an element of innovation as you said was great. We want advancements in hardware, so why not processes/software?  It's not like they are cheating, they just found a more efficient workflow for the end result.  Same as hardware.  What makes people think that anyone in their right $$ mind would ever throw away those kinds of efficacy gains in this space?  You are leaving money on the table.  AB or some form is here to stay forever whether you like it or not.  $ ALWAYS trumps people feelings......
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Topic
Board Mining (Altcoins)
Re: Bitmain Launches the New Antminer B3 Miner
by
itzazkrit
on 24/04/2018, 17:52:47 UTC
If BYTOM is meant for AI, then is this the miner with Sophon asic?
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Topic
Board Pools
Re: [145+PH] KanoPool kano.is 7 BTC giveaway 🐈 US,NL,JP,NYA,DE,SG
by
itzazkrit
on 18/04/2018, 15:14:35 UTC
Hat Trick for the Pool!
Post
Topic
Board Mining speculation
Re: Overt AsicBoost Released today?
by
itzazkrit
on 06/04/2018, 22:47:33 UTC
Technology advancement.  Thats what I'm for.  Thats the only way that blockchain will prevail.  However it gets there, as long as it does and nobody gets burned, I'm okay with it.  So yall are saying that you would rather have waited another 6-9 months for a 10nm asic boosted miner to be available?
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Topic
Board Mining speculation
Re: Overt AsicBoost Released today?
by
itzazkrit
on 05/04/2018, 21:35:54 UTC
That is exactly what I am saying.
As you said, doing public pre-sales sets a huge milestone that MUST be met regardless of how the technology co-operates. ref the fallout from BFL's Monarchs and Bitmine.ch/AMT A1 Coincraft miners. Unfortunately input from the Engineering side of many companies - not only those involved in crypto - is ignored once the Marketing group is unleashed. In the crypto mining business pre-sales translates to anything from 'we have this idea...' (ala the GMO vaporware) to Halong's 'we have some engineering test rigs built and running' (but still a work in progress and not ready for Prime Time).

Much to their credit Canaan and yes even the 'evil' Bitmain never did that. They stay quiet while developing and once factory production trials start only then announce upcoming products.

In the beginning of their thread Halong specifically stated that they were fully funded all the way through to at least pre-production trial runs and "we have no need of further funding via pre-orders". Then went on with their spiel never to this day saying *why* they did pre-orders.

Its been so long ago that I kind of remember them saying being fully funded but not sure.  But I almost guarantee that the only full funds they had were for the chips and first pre production run and maybe small batch, and rest of money was allotted for NRE.  If I had to write a conspiracy theory book about the whole ordeal I would guess that the principles had a good chunk of cash, had the connects to get relationship with samsung and contracted innosilicon to do R&D.  Pretty sure they had no choice to do pre-sale.  Behind the scenes of the business is rarely seen, and AB prevented much of anything, so pretty much nothing at all is what we got.  Not saying they were right, but saying in their shoes with limited resources as everyone has, it was probably the only way to get miners to the market.  So you either do it the way they did, or you never get off the ground because you ran out of cash.  I think positives of increasing technology to the market outweighs the negatives of forum speak.  Has anyone gotten hurt?  Did anyone lose their money?  I think we are all still better off today than if they never came along.....
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Topic
Board Mining speculation
Re: Overt AsicBoost Released today?
by
itzazkrit
on 05/04/2018, 16:40:56 UTC
By not following almost every page from "Scamming for Dummies" and being an honest and open company.
1) NOT doing pre-order sales at all
2) providing verifiable business contacts and company information
3) NOT implementing their version of AB as an all or nothing feature which would let the market decide if AB is a good thing or not. So far the T1 performance compared to the s9 and A841 is -- meh.

Are you saying that if you were in their shoes, had spent the so called millions on development, had working units in hand and a pretty good feeling about success rate of the design based on experience, that you wouldn't have tried to do presale?  As an Engineer, I hate pre-sale stuff as much as the next guy because in reality, at that point it isn't ready. And then you have a time limit your final R&D phases have to be restricted by.  I could probably argue both ways, sure business sense wise and the optics was not good, however, I can't say that if I were in their shoes that I wouldn't be one of the first to want to hawk my 'wares ASAP.  In the end its about the miner and not about the launch PR, or lack thereof.  I'd much rather them focus on getting the hardware right than trying to quiet down the peanut gallery.
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Topic
Board Mining speculation
Re: Overt AsicBoost Released today?
by
itzazkrit
on 05/04/2018, 04:41:32 UTC
Can complain all we want about them not advertising that it works on certain pools, but don't you guys realize that the only reason they didn't was to hide AB implementation, which was obviously withheld for legal reasons?  Kinda hard for them to disclose that info ahead of time without letting cat out of the bag.  In due time, I would bet all the pools will support AB and this whole point will be moot.  How would you guys have handled it differently?
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Topic
Board Hardware
Merits 1 from 1 user
Re: DragonMint 16TH/S halongmining.com
by
itzazkrit
on 04/04/2018, 14:35:17 UTC
⭐ Merited by leowonderful (1)
so when does this thread get moved to "hardware"?  Not sure if we can call this speculation anymore.  Units shipped...check!  People bitching about said units.....check!
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Topic
Board Pools
Re: [110+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 03/04/2018, 00:36:00 UTC
Good evening fellow Kanonians.. (what do you call a Kano pool member anyway?)


Maybe....  Kanon
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Topic
Board Hardware
Merits 1 from 1 user
Re: DragonMint 16TH/S halongmining.com
by
itzazkrit
on 29/03/2018, 23:04:31 UTC
⭐ Merited by suchmoon (1)
here you go kids, dragon unboxing.....

https://www.pscp.tv/brianchoffman/1mnxeXWPVdbJX?t=5s
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Topic
Board Pools
Re: ⛏ Kano Pool 🐈 Promotion Team ⛏
by
itzazkrit
on 25/03/2018, 23:03:16 UTC
Woo Hoo!!! 100PH/s!!! This should draw in some New members too!!! Can't wait to Promote these numbers!!!
Bring on the BTClocks!!!

Sidewinder!!!! Dude is still bringing it!  How big is this guy's farm?
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Topic
Board Pools
Re: [85+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 25/03/2018, 01:34:26 UTC
Sidewinder pouring the gas on....Dude has added 10P in last 4 days...

The pool's luck is getting people to come over here in droves...reducing variance even more.

I think in this instance.....he's chasing the carrot.  I'd say Kano's strategy is working well.
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Topic
Board Pools
Re: [85+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 25/03/2018, 01:12:41 UTC
Sidewinder pouring the gas on....Dude has added 10P in last 4 days...
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Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 07:10:20 UTC

"Yes" and "I don't know"
"Yes" I think so if difficulty adjusted every block, and "I don't know" (nor do I want to know) anything about LCC Smiley

From previous edit not sure you saw...


Edit:....So it clicked in my head on my hangup.  If rest of world shut off, then we would never throw work away. Every block we try to crack and dont crack, that is wasted hashpower.  So if we have no competition, every hash and all the work we send to the block will result in a block.  Right now we only have a very small percentage of actual work that results in a block.  How could that not speed up block generation over expected?
Work doesn't count towards finding a block.
There's no "almost there"

Using the dice example again (since yes it really is the same as bitcoin hashing):
If you roll a dice ten times and miss getting a "5 or a 6" you are no closer to getting a "5 or a 6".
It doesn't matter if you rolled and failed ten times, or a hundred times, the previous rolls don't affect the next roll, and don't affect your chances of the next roll getting "a 5 or a 6".



So I've been noodling on it for a minute and I think I'm starting to see it better.  The way I'm thinking about it is correct, payout is only based on your hashpower relative to the rest of the network, BUT only at the moment that difficulty changes.  From there, the pool hashrate rules the variation.  The effect of every pool in the world increasing hashrate would just increase block production speed, and then difficulty would adjust up after the 2016 blocks.  So if you tracked the % change in pool rate from when difficulty changed and applied that to what you calculate from payout at moment of difficulty change, it should correlate with reward.

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Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 05:06:07 UTC
Kano,

I started in like Sept. 17,  I watched payments (blocks, but we all really mean payments) that were coming out every day.   Sometimes, 4 to 5 times a day.  Now that the difficultly is so high, were getting 1 every few days, but in feb, well that just kiss the our a$S goodbye.  I really got to thank you for doing the "10 BTC giveaway to LARGE miners"  I actually did a "miner hop" in feb. even tho i didn't want to.  But this really helped coming back, making my mind up, so glad I did.
Well if you hopped away at the start of Feb, then you timed it well.

If you waited until the end of Feb ... not so good Sad

Of course, you can't predict when luck will change, so hopping isn't expected to help unless there's something wrong with the pool you are mining on and thus they may continue to get bad luck until they fix it (which may be never ...) Smiley

I left at the worst time.  I let us crack the fat 600lb bitch and then bolted.  I think I got a few on the ramp down.  It was a pain to get the notifications on my phone this month.  hence why I eventually hopped back on.
Post
Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 04:44:03 UTC
I thought the number of zeros is some indication of how close we are to cracking a block.  doesn't it correlate to how much work has been done?  So for simplicity sake, and maybe this is where it goes to $hit, lets say we are working on block 1.  and the desire number of zeros is 10.  Weve hashed a while and we are up to 9 zeros.  Some other pool has been hashing and they get a working hash with 10 zeros before us.  Now all the work we did to get the 9 zeros is out the door.  However, if the other pool didn't exist, is it not the case, that there is less incremental work from 9 to 10 zeros, then from starting back at zero zeros?


I'll go back to the dice and see if I can finagle it in my head....

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Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 04:17:38 UTC

"Yes" and "I don't know"
"Yes" I think so if difficulty adjusted every block, and "I don't know" (nor do I want to know) anything about LCC Smiley

From previous edit not sure you saw...


Edit:....So it clicked in my head on my hangup.  If rest of world shut off, then we would never throw work away. Every block we try to crack and dont crack, that is wasted hashpower.  So if we have no competition, every hash and all the work we send to the block will result in a block.  Right now we only have a very small percentage of actual work that results in a block.  How could that not speed up block generation over expected?
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Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 04:12:00 UTC
... and "I don't know" (nor do I want to know) anything about LCC Smiley

touche

February was hurting and my lonely 741 was printing pennies.  Needed a change.  Worst decision of my life.  Upside, I have 500LCC worth some dust that will buy me a lambo someday lol.
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Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 03:56:58 UTC


Network is only relevant to the pool when there's a Diff Change.
Of course the network causes the Diff Change.

But that's once every 2016 blocks (or about once every 2 weeks) - and was the main case in this particular question.

Otherwise, the hash rate of other pools and the network, between diff changes, has no expected effect on us.


Yes, I get that.  Our hashes are dependent on difficulty. However, difficulty is adjusted to maintain block time.  What is sole variable in block time?  Hashes.  So while that only happens every two weeks, you are still competing against the rest of the network to find a block faster.  

Otherwise, what you are saying is that if every other pool in the world could close up shop for 2 weeks right after difficulty change, then we would not find any more blocks during that time than we would have expected to prior to the 2 week shutoff.
That's what would happen - yes - we wouldn't expect to find blocks any faster, until the next diff change - if every pool on the planet closed but us.

In that case it would also be even worse: the next diff change would be MUCH slower than 2 week - it's not based on time, it's based on 2016 blocks.
So it would have to wait until we found ... 2016 more blocks ... at the expected rate we find blocks - currently one every 2.12 days.
Ouch that would take a LONG time to get to the next diff change if we were the only ones mining Bitcoin ... ~4274 days to the next diff change Tongue


Thank you for still trying to explain but I'm still not following......When I was on slush for a short time, you could see along the chart how much work we had completed for every block.  There were many blocks where we were very close to hitting but then someone else did.  Had the other pool not existed, then it seems to me, that sooner rather than later, we would have cracked it with a little more hashpower thrown at it.  

And I get that it would be greater than 2 weeks because we have to crack 2016 for diff change.  Will take much longer now.  I'll ponder on that for a bit and maybe it will come around in my head.  Thanks for the time!

Question...would my model of thinking be correct say if difficulty adjusted every block?  like LCC?


Edit:....So it clicked in my head on my hangup.  If rest of world shut off, then we would never throw work away. Every block we try to crack and dont crack, that is wasted hashpower.  So if we have no competition, every hash and all the work we send to the block will result in a block.  Right now we only have a very small percentage of actual work that results in a block.  How could that not speed up block generation over expected?
Post
Topic
Board Pools
Re: [80+PH] KanoPool kano.is 10 BTC giveaway 🐈
by
itzazkrit
on 21/03/2018, 03:33:56 UTC


Network is only relevant to the pool when there's a Diff Change.
Of course the network causes the Diff Change.

But that's once every 2016 blocks (or about once every 2 weeks) - and was the main case in this particular question.

Otherwise, the hash rate of other pools and the network, between diff changes, has no expected effect on us.


Yes, I get that.  Our hashes are dependent on difficulty. However, difficulty is adjusted to maintain block time.  What is sole variable in block time?  Hashes.  So while that only happens every two weeks, you are still competing against the rest of the network to find a block faster.  

Otherwise, what you are saying is that if every other pool in the world could close up shop for 2 weeks right after difficulty change, then we would not find any more blocks during that time than we would have expected to prior to the 2 week shutoff.

144 blocks total to be found every day right?  And is it not true that every hash sent by every machine has the same probability of cracking a block?  If so, then how could it not average out to total blocks per day generation * your % share of entire network is daily payout?  The only variance you should see in payout is luck.  And pool fees.  And pool operator (which is main reason I'm back mining on Kano).  Left after just being ramped up in February to mine LCC and just came back last week for FOMO lol.