asic - How to select minimum difficulty when mining with ...

wafflepool.com - An auto switching scrypt coin mining pool

WafflePool is a multi-coin (scrypt) mining pool. Point your miner to WafflePool with a Bitcoin address as your username, and we take care of automatically mining the most profitable coin at all times, converting the earnings from each coin into Bitcoins, and paying you out in bitcoins! Mining alt-coins and converting to bitcoin is very often orders of magnitude more valuable than mining Bitcoin directly! No registration, no hassles, just point and start getting paid!
[link]

Neocoin

A place for news about Neocoin
[link]

Digital Currency for a Digital Age

[Digitalcoin](http://digitalcoin.tech/) is a diligently maintained cryptocurrency intent on market stability, making it ideal for commerce and saving. Possible changes to Digitalcoin's parameters can be implemented upon community rule.
[link]

Gridcoin 5.0.0.0-Mandatory "Fern" Release

https://github.com/gridcoin-community/Gridcoin-Research/releases/tag/5.0.0.0
Finally! After over ten months of development and testing, "Fern" has arrived! This is a whopper. 240 pull requests merged. Essentially a complete rewrite that was started with the scraper (the "neural net" rewrite) in "Denise" has now been completed. Practically the ENTIRE Gridcoin specific codebase resting on top of the vanilla Bitcoin/Peercoin/Blackcoin vanilla PoS code has been rewritten. This removes the team requirement at last (see below), although there are many other important improvements besides that.
Fern was a monumental undertaking. We had to encode all of the old rules active for the v10 block protocol in new code and ensure that the new code was 100% compatible. This had to be done in such a way as to clear out all of the old spaghetti and ring-fence it with tightly controlled class implementations. We then wrote an entirely new, simplified ruleset for research rewards and reengineered contracts (which includes beacon management, polls, and voting) using properly classed code. The fundamentals of Gridcoin with this release are now on a very sound and maintainable footing, and the developers believe the codebase as updated here will serve as the fundamental basis for Gridcoin's future roadmap.
We have been testing this for MONTHS on testnet in various stages. The v10 (legacy) compatibility code has been running on testnet continuously as it was developed to ensure compatibility with existing nodes. During the last few months, we have done two private testnet forks and then the full public testnet testing for v11 code (the new protocol which is what Fern implements). The developers have also been running non-staking "sentinel" nodes on mainnet with this code to verify that the consensus rules are problem-free for the legacy compatibility code on the broader mainnet. We believe this amount of testing is going to result in a smooth rollout.
Given the amount of changes in Fern, I am presenting TWO changelogs below. One is high level, which summarizes the most significant changes in the protocol. The second changelog is the detailed one in the usual format, and gives you an inkling of the size of this release.

Highlights

Protocol

Note that the protocol changes will not become active until we cross the hard-fork transition height to v11, which has been set at 2053000. Given current average block spacing, this should happen around October 4, about one month from now.
Note that to get all of the beacons in the network on the new protocol, we are requiring ALL beacons to be validated. A two week (14 day) grace period is provided by the code, starting at the time of the transition height, for people currently holding a beacon to validate the beacon and prevent it from expiring. That means that EVERY CRUNCHER must advertise and validate their beacon AFTER the v11 transition (around Oct 4th) and BEFORE October 18th (or more precisely, 14 days from the actual date of the v11 transition). If you do not advertise and validate your beacon by this time, your beacon will expire and you will stop earning research rewards until you advertise and validate a new beacon. This process has been made much easier by a brand new beacon "wizard" that helps manage beacon advertisements and renewals. Once a beacon has been validated and is a v11 protocol beacon, the normal 180 day expiration rules apply. Note, however, that the 180 day expiration on research rewards has been removed with the Fern update. This means that while your beacon might expire after 180 days, your earned research rewards will be retained and can be claimed by advertising a beacon with the same CPID and going through the validation process again. In other words, you do not lose any earned research rewards if you do not stake a block within 180 days and keep your beacon up-to-date.
The transition height is also when the team requirement will be relaxed for the network.

GUI

Besides the beacon wizard, there are a number of improvements to the GUI, including new UI transaction types (and icons) for staking the superblock, sidestake sends, beacon advertisement, voting, poll creation, and transactions with a message. The main screen has been revamped with a better summary section, and better status icons. Several changes under the hood have improved GUI performance. And finally, the diagnostics have been revamped.

Blockchain

The wallet sync speed has been DRASTICALLY improved. A decent machine with a good network connection should be able to sync the entire mainnet blockchain in less than 4 hours. A fast machine with a really fast network connection and a good SSD can do it in about 2.5 hours. One of our goals was to reduce or eliminate the reliance on snapshots for mainnet, and I think we have accomplished that goal with the new sync speed. We have also streamlined the in-memory structures for the blockchain which shaves some memory use.
There are so many goodies here it is hard to summarize them all.
I would like to thank all of the contributors to this release, but especially thank @cyrossignol, whose incredible contributions formed the backbone of this release. I would also like to pay special thanks to @barton2526, @caraka, and @Quezacoatl1, who tirelessly helped during the testing and polishing phase on testnet with testing and repeated builds for all architectures.
The developers are proud to present this release to the community and we believe this represents the starting point for a true renaissance for Gridcoin!

Summary Changelog

Accrual

Changed

Most significantly, nodes calculate research rewards directly from the magnitudes in EACH superblock between stakes instead of using a two- or three- point average based on a CPID's current magnitude and the magnitude for the CPID when it last staked. For those long-timers in the community, this has been referred to as "Superblock Windows," and was first done in proof-of-concept form by @denravonska.

Removed

Beacons

Added

Changed

Removed

Unaltered

As a reminder:

Superblocks

Added

Changed

Removed

Voting

Added

Changed

Removed

Detailed Changelog

[5.0.0.0] 2020-09-03, mandatory, "Fern"

Added

Changed

Removed

Fixed

submitted by jamescowens to gridcoin [link] [comments]

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

What is PYRK?

What is PYRK?
Greetings. 🤗 Today we will tell you about the PYRK project and about its features.
💡 PYRK is a privacy centric cryptographic currency based on the work of Bitcoin, Dash, and Digibyte.
📌 Built for the community, we've taken some of the best features of the top utility coins to create a new coin which launched on May 12th, 2020.
⚙️ PYRK’s improvements include triple algorithm Proof of Work with Multishield difficulty adjustment, Masternodes, Private Send, Community Fund Governance, and Simple Tokens based loosely on the Color Coins protocol.
🔹 PYRK has borrowed from DASH all the best features. Fast work speed. The ability to deploy masternodes and the ease of mining, and all this at very low fees.
🔹 Multishield is a "difficulty retargeting" method to maintain the "average" block timing, by automatically changing the complexity of mining on the network.
🔹 Thanks to the PYRK’s Triple Proof-of-Work algorithm, it is possible to mine on different algorithms, including SHA256, Scrypt, and X11. Thus, it is very unlikely for a single miner to attain 100% of the hash rate of a single algorithm.
🔹 In PYRK, anonymity is the cornerstone, so we use a technology called PrivateSend, originally developed by DASH. PrivateSend decentrally mixes all your coins with strangers, giving newly generated addresses, allowing you to maximize transaction privacy.
🔹 You can run a masternode. In PYRK Masternodes are all paid from generated block rewards. The Masternode rewards start at block 10,000 and the master node network receives 20% of the block reward.
📢 Read more about the PYRK project and why it is worth investing in on our website: https://pyrk.org/
https://preview.redd.it/vwty1esxlej51.png?width=1200&format=png&auto=webp&s=c168950275250eeb05eb65adafa6dced51bded5b
submitted by VS_community to pyrk [link] [comments]

ACIS-mining and its 3 best algorithms

ACIS-mining and its 3 best algorithms
Hello. 👋🏻 Today we will tell you about ACIS-mining and its 3 best algorithms.
📌 With the advent of ASICs for mining, it became possible to mine Bitcoin in much larger quantities than using video cards. ASIC is an integrated circuit specialized to solve a specific problem, in our case, only for bitcoin mining. These schemes are many times more profitable than video cards, because with more power (hash calculation speed) they consume much less energy. This served as a good reason to create a cryptocurrency mining business.
📌 In bitcoin and other blockchain systems, the complexity of mining depends on how quickly the miners find the block. Compared with the GPU and CPU, specialized #ASIC miners solve #PoW puzzles better and are therefore able to quickly find new blocks.
📌 Since PoW is still the preferred mining consensus mechanism, we propose to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: #SHA256, #Scrypt, and #X11.
🔹 The SHA-256 algorithm has a number of advantages over other information protection technologies. Over the years of use in the cryptocurrency industry, he has shown his resistance to various hacking attempts.
🔹 Scrypt is a cryptocurrency mining algorithm that was previously interesting to many single miners in view of its resistance to the so-called “hardware attack”. The speed of creating blocks in a Scrypt-based blockchain is about 30 seconds. The hashrate, like Ethash, is measured in Megahash per second. Scrypt, first of all, became popular due to its use in Litecoin #cryptocurrency.
🔹 X11 is an encryption algorithm in which eleven are used instead of one function. This means that this technology can provide a high degree of security, because in order to harm the system, an attacker will have to crack all 11 functions, which is very unlikely, because the changes made will be visible after breaking the first function, and developers will have a lot of time to protect the system before the hacker reaches the eleventh function.
Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining.
Read more about PYRK mining solutions here: https://www.pyrk.org
Read our Whitepaper to know more about the project:
https://www.pyrk.org/Pyrk-Whitepaper.pdf
https://preview.redd.it/rxmlr7wt1k251.png?width=1200&format=png&auto=webp&s=162f9ddaacb3cf3e137638464a208bdf25e50a21
submitted by VS_community to pyrk [link] [comments]

PYRK ecosystem and its uniqueness

PYRK ecosystem and its uniqueness
Hi, everyone! 👋🏻 Today we will tell you a little bit about the PYRK ecosystem.
As many of you might know, blockchain ecosystems are the groups of actors who interact with one another within the world of blockchain and with the surrounding off-chain world. You can ask why do we need that? This is why.
First of all, it helps to build many technical and technological solutions. It provides an ability to build partnerships. Joining the network you’ll be able to enter the international market. And, of course, environmental development helps you to improve your business reputation and your status.
📌 PYRK is a privacy-centric cryptographic currency based on the work of Bitcoin, Dash, and Digibyte.
📌 Many modern cryptocurrencies use a single algorithm Proof-of-Work mechanism, which can lead to 51% attack avenues on currencies. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: SHA256, Scrypt, and X11. Thus, there is a far less chance of any single person gaining a majority hash rate share.
📌 Moreover, PYRK uses the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining. MultiShield is designed to let the difficulty "fall" very fast, in order that the chain doesn't freeze.
💡 A future improvement planned for Pyrk is Simple Tokens. This is similar to the SLP (Simple Ledger Protocol) used by Bitcoin Cash.
💪🏻 As you can see, the system is growing and developing very fast. Become a part of our community! Take advantage of our inventive and growing ecosystem!
Check out PYRK website to know more about the project: https://www.pyrk.org
Read the Whitepaper to learn more about PYRK ecosystem: https://www.pyrk.org/Pyrk-Whitepaper.pdf
https://preview.redd.it/zdxbw99zpk051.png?width=1200&format=png&auto=webp&s=6f759439a58bcf5aaaad074dc20f870ce204dd05
submitted by VS_community to pyrk [link] [comments]

Proof-of-Work vs Proof-of-Stake algorithms and why PYRK uses PoW

Proof-of-Work vs Proof-of-Stake algorithms and why PYRK uses PoW
Hello, community! 👋🏻 In this post, we will tell you about Proof-of-Work and Proof-of-Stake algorithms and why PYRK uses PoW.
🔗 A large part of 2019 was discussed in the discussion of the pricing of the key digital assets, which slightly increased, slightly higher than before. 2020 began with the confirmation of the bullish trend, taking into account the increase in bitcoin in January at Z0%. At the same time, the process between Proof-of-Work and Proof-of-Stake (proof of share) did not complete. Emotional gain increased by the approximation of the Ethereum switch from the PoW protocol to the PoS protocol.
🔗 Coins with PoW support are mined in the sector, having a colossal share of 82.92% and a cumulative market capitalization of about $ 213, 5 billion. The predominance of market capitalization on PoW is ensured by the fact that the bitcoin dodu accounts for 65% of the total market capitalization of crypto assets. Its main advantages of PoW are protection against DoS attacks and the low impact of the miner’s cryptocurrency share on mining opportunities.
🏆 PYRK Proof-of-Work triple algorithm
✅ Since PoW is still the preferred mining consensus mechanism, PYRK proposes to take a multiple algorithm approach. Instead of trying to use algorithms which are ASIC resistant, we propose to use algorithms which have had ASIC miners for quite some time. These are: SHA256, Scrypt, and X11.
✅ Since these miners are already in wide use, the distribution of mining should be fair and even. Furthermore, the use of three different algorithms results in a far less chance of any single person gaining a majority hash rate share. Lastly, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining.
✅ The idea of multi-algorithm originated in Digibyte. Splitting the mining into three different algorithms effectively splits the amount of work performed by each algorithm to 33% of the total network hashrate. This means that any pool or miner mining can only achieve 33% of the total hashrate even if they are mining 100% of the hash rate of a single algorithm. It is an exceedingly unlikely case that a single miner attains 100% of the hash rate of a single algorithm, especially as the number of miners and pools grow with the network. The triple algorithm approach helps to further protect the network from bad actors while also providing the preferred Proof-of-Work mechanism.
Read more about PYRK project and its Proof-of-Work triple algorithm in our Whitepaper: https://www.pyrk.org/Pyrk-Whitepaper.pdf
And on our website: https://www.pyrk.org
https://preview.redd.it/jmkjz2am47051.png?width=1200&format=png&auto=webp&s=8c4080d36769f7a953fdb436510e97b646e78d1d
submitted by VS_community to pyrk [link] [comments]

Features of using PoW in the PYRK system

Features of using PoW in the PYRK system
Hello, community! 👋🏻 In this post, we will tell you about Proof-of-Work and Proof-of-Stake algorithms and why PYRK uses PoW.
⛏ Proof of work allows the blockchain to remain “clean”, allows the entire community to compete to verify the validity of transactions, and makes attacks on the system very costly. But is this cost of attack justified? Aste argues that it should be sufficient to make the double-spend attack too costly.
⛏ A double spend attack can occur in a situation where an attacker tries to send the same bitcoin to two different users. In such a case, the attacker would try to spend as many bitcoins as possible twice. This number is limited by the number of transactions that can fit in a block, which in value terms is currently about $ 2 million.
⛏ A transaction involving more than the total cost of transactions in the block will attract attention from the network. This puts a real limit on the size of a double spend of about $ 2 million. And although the duplication of transactions can be repeated several times sequentially or in parallel, we will neglect it in this calculation.
🏆 PYRK Proof-of-Work triple algorithm
🔹 PYRK takes a multiple algorithm approach. We propose to use algorithms which have had ASIC miners for quite some time. These are: SHA256, Scrypt, and X11.
🔹 Since these algorithms are already in wide use, the distribution of mining should be fair and even.
🔹 There’s a far less chance of any single person gaining a majority hash rate share when using three different algorithms simultaneously.
🔹 Also, we use the Multishield difficulty adjustment algorithm to prevent difficulty spike issues resulting from burst mining.
💡 The idea of multi-algorithm originated in Digibyte. Splitting the mining into three different algorithms effectively splits the amount of work performed by each algorithm to 33% of the total network hashrate. The triple algorithm approach helps to further protect the network from bad actors while also providing the preferred Proof-of-Work mechanism.
Read more about PYRK project: https://www.pyrk.org
https://preview.redd.it/3l5wegef9gc51.png?width=1200&format=png&auto=webp&s=7cb7391a1f3e01425de7eace49e674ac6f65c7ea
submitted by VS_community to pyrk [link] [comments]

Mining and Dogecoin - Some FAQs

Hey shibes,
I see a lot of posts about mining lately and questions about the core wallet and how to mine with it, so here are some facts!
Feel free to add information to that thread or correct me if I did any mistake.

You downloaded the core wallet

Great! After a decade it probably synced and now you are wondering how to get coins? Bad news: You don't get coins by running your wallet, even running it as a full node. Check what a full node is here.
Maybe you thought so, because you saw a very old screenshot of a wallet, like this (Version 1.2). This version had a "Dig" tab where you can enter your mining configuration. The current version doesn't have this anymore, probably because it doesn't make sense anymore.

You downloaded a GPU/CPU miner

Nice! You did it, even your antivirus system probably went postal and you started covering all your webcams... But here is the bad news again: Since people are using ASIC miners, you just can't compete with your CPU hardware anymore. Even with your more advanced GPU you will have a hard time. The hashrate is too high for a desktop PC to compete with them. The blocks should be mined every 1 minute (or so) and that's causing the difficulty to go up - and we are out... So definitly check what is your hashrate while you are mining, you would need about 1.5 MH/s to make 1 Doge in 24 hours!

Mining Doge

Let us start with a quote:
"Dogecoin Core 1.8 introduces AuxPoW from block 371,337. AuxPoW is a technology which enables miners to submit work done while mining other coins, as work on the Dogecoin block chain."
- langerhans
What does this mean? You could waste your hashrate only on the Dogecoin chain, probably find never a block, but when, you only receive about 10.000 Dogecoins, currently worth about $25. Or you could apply your hashrate to LTC and Doge (and probably even more) at the same time. Your change of solving the block (finding the nonce) is your hashrate divided by the hashrat in sum - and this is about the same for Doge and LTC. This means you will always want to submit your work to all chains available!

Mining solo versus pool

So let's face it - mining solo won't get you anywhere, so let's mine on a pool! If you have a really bad Hashrate, please consider that: Often you need about $1 or $2 worth of crypto to receive a payout (without fees). This means, you have to get there. With 100 MH/s on prohashing, it takes about 6 days, running 24/7 to get to that threshold. Now you can do the math... 1 MH/s = 1000 KH/s, if you are below 1 MH/s, you probably won't have fun.

Buying an ASIC

You found an old BTC USB-miner with 24 GH/s (1 GH/s = 1000 MH/s) for $80 bucks - next stop lambo!? Sorry, bad news again, this hashrate is for SHA-256! If you want to mine LTC/Doge you will need a miner using scrypt with quite lower numbers on the hashrate per second, so don't fall for that. Often when you have a big miner (= also loud), you get more Hashrate per $ spent on the miner, but most will still run on a operational loss, because the electricity is too expensive and the miners will be outdated soon again. Leading me to my next point...

Making profit

You won't make money running your miner. Just do the math: What if you would have bougth a miner 1 year ago? Substract costs for electricity and then compare to: What if you just have bought coins. In most cases you would have a greater profit by just buying coins, maybe even with a "stable" coin like Doges.

Cloud Mining

Okay, this was a lot of text and you are still on the hook? Maybe you are desperated enough to invest in some cloud mining contract... But this isn't a good idea either, because most of such contracts are scams based on a ponzi scheme. You often can spot them easy, because they guarantee way to high profits, or they fake payouts that never happened, etc.
Just a thought: If someone in a subway says to you: Give me $1 and lets meet in one year, right here and I give you $54,211,841, you wouldn't trust him and if some mining contract says they will give you 5% a day it is basically the same.
Also rember the merged mining part. Nobody would offer you to mine Doges, they would offer you to buy a hashrate for scrypt that will apply on multiple chains.

Alternative coins

Maybe try to mine a coin where you don't have ASICs yet, like Monero and exchange them to Doge. If somebody already tried this - feel free to add your thoughts!

Folding at Home (Doge)

Some people say folding at home (FAH - https://www.dogecoinfah.com/) still the best. I just installed the tool and it says I would make 69.852 points a day, running on medium power what equates to 8 Doges. It is easy, it was fun, but it isn't much.
Thanks for reading
_nformant
submitted by _nformant to dogecoin [link] [comments]

ASIC Resistance Timeline

Today, in about 30 minutes or less from now, RandomX will be activated on Monero as part of its network protocol upgrade, so this seems like a good moment to share this timeline. It’s like the raw material for writing the history of ASIC resistant proof-of-work algorithms. If you think it’s incomplete, let me know what you’d like to add. I didn’t include Monero ASICs or FPGAs that weren’t publicly released, since it would be difficult to pin down a date.
Original version written in Dutch for Monero Meetup Utrecht #2 on March 14, 2019 (next meetup is on Tuesday, December 3).
2010-10: Start of Bitcoin mining on GPUs 2011-06: First Bitcoin FPGAs (field-programmable gate arrays) 2011-09-26: Launch of Tenebrix (with a premine) using Scrypt algo to avoid GPUs 2011-10-13: Fair launch of Litecoin, also using Scrypt 2013-01-19: Avalon releases the first Bitcoin ASIC (application-specific integrated circuit) 2014-03: Secretly premined launch of Bytecoin, using CryptoNight version 0 2014-04: First Litecoin ASICs 2014-12-13: Vertcoin switches from Scrypt-N to Lyra2RE (multi-algo, currently 5) 2014-01: X11, a chain of 11 algos, for Xcoin => Darkcoin => Dash 2014-09: Digibyte switches to Myriadcoin's multi-algo with separate difficulty adjustment 2015-07-30: Ethash for Ethereum (memory-hard, i.e. using lots of RAM) 2018-04-06: CryptoNight version 2 by Monero (flipped a bit) 2018-05: Bitmain releases the Antminer X3 for CryptoNight, which doesn’t mine Monero 2018-07: Bitmain releases Antminer E3, the first Ethash ASIC 2018-10-01: Siacoin developers use a protocol change to disable ASICs other than their own Obelisk SC1 miner 2018-10-18: CryptoNight version 3 by Monero (changed a bit more than one bit) 2018-10/12: Successful 51% attack on Vertcoin (double spends by ASIC miners) 2019-01-15: Launch of Grin using two algorithms, one ASIC friendly and one ASIC resistant 2019-03-09: Monero’s CryptoNight version 4 or CryptoNightR, a self-programming algorithm, generating hashing instructions pseudo-randomly 2019-11-30: RandomX, a randomized and memory-hard algorithm, designed from scratch to use all elements of a general-purpose CPU 2020-??: Ethereum will probably switch to ProgPOW (programmatic proof of work) before switching to proof of stake
submitted by edbwtf to CryptoCurrency [link] [comments]

What's happened to F2Pool? The were a good proportion of the hash rate - now they've disappeared and short term S2X support is up over 90%

submitted by AlexHM to btc [link] [comments]

KNC introduces Scrypt miner Titan (100MH/s) Available Q2/Q3 of 2014

KNC introduces Scrypt miner Titan (100MH/s) Available Q2/Q3 of 2014 submitted by Neco_ to litecoinmining [link] [comments]

[POOL] COINMINERZ.COM MULTI ALGO – PROP – 1% FEE – NO REGISTRATION – ASICBOOST – AUTO HOURLY PAYMENTS OVER 0.1 - FRIENDLY SUPPORT – STRATUM & WEBSITE DOS PROTECTION

Hi welcome to the CoinMinerz.com Reddit post! Please find below information on our pool and its current offerings. We hope that you will join us and have a happy mining experience :) We are always looking to grow our mining community and welcome any feedback so we can improve our services for our miners. Happy to get coin addition requests and help out the wider crypto community where we can!
Features:
Multi Algo/Coin Pool – PROP Payment System – 1% Fee – No Registration – ASICBoost enabled on all SHA256 pools – Auto Hourly Payments over 0.1 - Friendly & Fast Support via email and Discord – Stratum & Website DOS Protection – Protected by Cloudflare – High difficulty Mining Rig Rentals & Nicehash friendly – Stats auto update across the site – Variable Difficulty Stratums – SSL – Dedicated Coin Pool Pages – Pool News & Updates page – Segregated stratum/web and payment services for each coin to minimize downtime – Payouts are in the currency being mined – Support legacy and new address types – Worker name support and dashboard for each wallet address to track workers.
Algorithms Supported:
SHA256 / Scrypt / X11 / Lyra2v3 / Equihash / ZHash / X16rv2

Coins Supported:
Auroracoin (AUR) – Scrypt (XX46)
Axe (AXE) – X11 (XX59)
Bitcoin (BTC) – SHA256 (XX33) – ASICBoost Enabled
BitcoinAtom (BCA) – SHA256 (XX54) – ASICBoost Enabled
BitcoinCash (BCA) – SHA256 (XX34) – ASICBoost Enabled
BitcoinGold (BTG) – Equihash 144,5/ZHASH (XX44)
BitcoinSV (BSV) – SHA256 (XX64) – ASICBoost Enabled
Cannabiscoin (CANN) – X11 (XX51)
Dash (DASH) – X11 (XX40)
Deutsche eMark (DEM) – SHA256 (XX39) – ASICBoost Enabled
Digibyte (DGB) – Scrypt (XX57)
Digibyte (DGB) –SHA256 (XX37) – ASICBoost Enabled
Dogecoin (DOGE) – Scrypt (XX63)
Einsteinium (EMC) – Scrypt (XX43)
EUNO – (EUNO) – X11 (XX58)
Flo – (FLO) – Scrypt (XX52)
GameCredits (GAME) – Scrypt (XX42)
Hanacoin (HANA) – Lyra2v3 (XX55)
Horizen (ZEN) – Equihash (XX60)
Litecoin (LTC) – Scrypt (XX35)
LitecoinCash (LCC) – SHA256 (XX49) – ASICBoost Enabled
LitecoinPlus (LCP) – Scrypt (XX38)
Mincoin (MNC) – Scrypt (XX53)
Peercoin (PEER) – SHA256 (XX36) – ASICBoost Enabled
Ravencoin (RVN) – X16rv2 (XX61)
Verge (XVG) – Scrypt (XX41)
Vertcoin (VTC) – Lyra2v3 (XX50)
ZCash (ZEC) – Equihash (XX56)

Stratum Addresses & Ports:
stratum+tcp://stratum.coinminerz.com:33XX – Normal mining rigs & GPU’s etc
stratum+tcp://stratum.coinminerz.com:35XX – Mining Rig Rentals / Nicehash etc

Example normal and cloud mining stratum connections for Litecoin:
stratum+tcp://stratum.coinminerz.com:3335
stratum+tcp://stratum.coinminerz.com:3535

Stratum Difficulties:
Scrypt 33XX Port Vardiff = 0.1 - 9999999 | Scrypt 35XX Port Vardiff = 500001 - 9999999
SHA256 33XX Port Vardiff = 0.1 - 9999999 | SHA256 35XX Port Vardiff = 500001 - 9999999
X11 33XX Port Vardiff = 0.1 - 9999999 | X11 35XX Port Vardiff = 32 - 9999999
Lyra2v3 33XX Port Vardiff = 0.1 - 9999999 | Lyra2v3 35XX Port Vardiff = 64 - 9999999
Equihash 33XX Port Vardiff = 0.01 - 9999999 | Equihash 35XX Port Vardiff = 65535 - 9999999
Zhash 33XX Port Vardiff = 0.01 - 9999999 | Zhash 35XX Port Vardiff = 1025 - 9999999
X16rv2 33XX Port Vardiff = 1 - 9999999 | X16rv2 35XX Port Vardiff = 9 - 9999999

Get started here:
https://coinminerz.com/go (Coins, Algos, Addresses, Ports and Difficulty)

Frequently asked questions:
https://coinminerz.com/faqs

Pool Terms and Conditions:
https://coinminerz.com/terms

Mining Support Info:
[email protected]
https://discord.gg/ksnQFPT

Social Feeds:
https://twitter.com/coinminerz
https://www.facebook.com/coinminerz

Thanks!
Kind Regards,
CoinMinerz.com
submitted by coinminerzcom to u/coinminerzcom [link] [comments]

My late night 1/2 baked idea to fix bitcoin + private asic farm issues

Link to topic that inspired this idea: http://www.reddit.com/Bitcoin/comments/1tpo2p/is_anyone_else_concerned_about_ghashio/ceaeit2
Anyway, as satoshi himself said there is no reason the algorithm cant be changed by adding "if block height is > X use NEWALGO"
So the detraction (for many) of this idea is that their million dollar investments into private asic farms / individual purchases of mining hard are rendered useless, network may suffer from reduced security etc etc etc.
So here is my simple solution, excuse the crappy pseudo code its late, and Im seriously hung over from the family xmas lunch :P
 if(block height > X) { if(iseven(block height) { algo = SHA256 } else{ algo = SCRYPT } } 
I feel this idea has many benefits such as: + the network retains a large amount of power. + Scrypt (with good parameters) is very asic resistant. + building longer chains of successive blocks to double spend requires double the hardware (at least) due to every second block not being able to be crunched with highly efficient asics.
Also, merry xmas/ happy holidays everyone :)
edit: this solution would require 2 difficulties due to the difference in nature of the 2 algos but imho it would be a trivial addition.
submitted by Jack_Perth to Bitcoin [link] [comments]

First newegg, now iBuypower gets in on the mining craze...

First newegg, now iBuypower gets in on the mining craze... submitted by web_runner to litecoin [link] [comments]

100MH KnC miner now specced at 250MH

100MH KnC miner now specced at 250MH submitted by kingbling to vertcoin [link] [comments]

How To Mine Bitcoins with a Raspberry Pi and Antminer U1 For Fun

How To Mine Bitcoins with a Raspberry Pi and Antminer U1 For Fun submitted by WeControlsTheSpice to howto [link] [comments]

Bitcoin network hashrate growing fast

I noticed that I got my confirmations very fast.
At blockexlorer I saw that in the past 80 minutes there where 20 blocks mined. (4 minutes average a block) http://blockexplorer.com/
Blockchain.info showed me that the network hashing rate went up by ~25% in the past 24 hours.
https://blockchain.info/charts/hash-rate?timespan=30days
Is this caused by a new generation ASIC miners or is something else going on?
submitted by Uckers to Bitcoin [link] [comments]

Are multiple mining algorithms possible with Monero? Can RandomX be added to the system instead of replacing what's in place? Not sure what headaches it would bring for the security part of Monero.

Are multiple mining algorithms possible with Monero? Can RandomX be added to the system instead of replacing what's in place? Not sure what headaches it would bring for the security part of Monero.
Is it possible for Monero to have multiple mining algorithms like Digibyte (DGB)? The idea of keeping the large group of GPU miners to help keep the network decentralized and expand with Random X to bring in a large number of CPU miners. Also, if for some reason Random X doesn't workout we still have current algorithm that gets updated every 6 months. DGB borrowed from Huntercoin which mines 2 algorithms and Myriad that has 5 mining algorithms. Could Monero do the same? I believe DGB also adjust algorithms to keep incentives equal.


Digibyte - Reddit
Decentralization
Decentralization is an important concept for the block-chain and cryptocurrencies in general. This allows for a system which cannot be controlled nor manipulated no matter how large the organization in play or their intentions. DigiByte’s chain remains out of the reach of even the most powerful government. This allows for people to transact freely and openly without fear of censorship.Decentralization on the DigiByte block-chain is assured by having an accessible and fair mining protocol in place – this is the multi-algorithm (MultiAlgo) approach. We believe that all should have access to DigiByte whether through purchase or by mining. Therefore, DigiByte is minable not only on dedicated mining hardware such as Antminers, but also through use of conventional graphics cards. The multi-algorithm approach allows for users to mine on a variety of hardware types through use of one of the 5 mining algorithms supported by DigiByte. Those being:
  • Scrypt
  • SHA256
  • Qubit
  • Skein
  • Groestl
Please note that these mining algorithms are modified and updated from time to time to assure complete decentralization and thus ultimate security.The problem with using only one mining algorithm such as Bitcoin or Litecoin do is that this allows for people to continually amass mining hardware and hash power. The more hash power one has, the more one can collect more. This leads to a cycle of centralization and the creation of mining centers. It is known that a massive portion of all hash power in Bitcoin comes from China. This kind of centralization is a natural tendency as it is cheaper for large organisations to set up in countries with inexpensive electricity and other such advantages which may be unavailable to the average miner.DigiByte mitigates this problem with the use of multiple algorithms. It allows for miners with many different kinds of hardware to mine the same coin on an even playing field. Mining difficulty is set relative to the mining algorithm used. This allows for those with dedicated mining rigs to mine alongside those with more modest machines – and all secure the DigiByte chain while maintaining decentralization.


Let's give every nation a chance to mine
submitted by MoneroMondo to Monero [link] [comments]

[PSA] AMD R9-290s got a price drop across the board on Newegg over the last few days

http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=100007709%20600473877&IsNodeId=1
Now they obviously aren't down to MSRP or anything but we went from having pretty much every non-reference or reference card being well over $600 to all of the non-reference cards(with the exception of the Toxic) being at $550.
PCPartPicker price graphs confirm this:
Asus DCII
Gigabyte Windforce
XFX Reference
HIS IceQX2
MSI Twin Frozr
Powercolor PCS+
Anyway obviously these prices still aren't what they should be but at least with some of the incentives Newegg is offering(free gift cards, hard drives, Battlefield 4, etc) they start to get competitive with the 780 at $500. For instance the Gigabyte Windforce 290 w/ a $25 gift card is relatively competitive.
I think the price drop is due to a couple things. First, cryptocurrency has gone down a little bit. There were two big spikes in mining that I saw and that was when Bitcoin first got up over $1000 around OctobeNovember and then when Dogecoins came out in late December. The other big thing is that CUDA miners are getting a lot better so while they aren't at the same level as GCN cards, a lot of people that are mining as well as gaming are just using their Nvidia cards.
Its tough to say how the trend will continue. But if I were to guess, I would say unless something big happens in cryptocurrency the prices at least won't go back up.
Edit: It looks like 290xs got the same sort of price drop. The prices just don't seem to be as universal. Some at $650, some at $700
http://www.newegg.com/Product/ProductList.aspx?Submit=ENE&N=100007709%20600473871&IsNodeId=1
submitted by okp11 to buildapc [link] [comments]

Where Litecoin's difficulty headed, you may ask?

So, I've been talking to a few miners about where the network difficulty is headed, now that ASICs are taking over the network completely. It got me curious about what the similarities might be between the velocity of hashrate increases during the same time period in Bitcoin's lifespan, and if there were...what we might be able to expect as technology improves between now and this time next year, based on what has happened to Bitcoin. I consulted http://bitinfocharts.com/ for the evidence.
ASICs started shipping for Bitcoin toward the end of January of 2013, almost exactly as was the case for Litecoin this year. Here is a chart which shows the growth curve of network hashrate for both, between February 1st and August 1st (today). I find it incredibly interesting that they're so similar in velocity.
http://imgur.com/9hkEib0
Bitcoin Feb 1, 2013 - Aug 1, 2013
21.8TH - 271.19TH (1,143% increase)
Litecoin Feb 1, 2014 - Aug 1, 2014
80.63GH - 742GH (820% increase)
There are a lot more Scrypt coins in existence than there were SHA-256 coins, at the same time in Bitcoin's development. Be that as it may, the percentage increases between the two, during the same time period of their development, are very close.
So...given the similarities in the trajectory, where might Litecoin be headed over the rest of the year? Let's look at how Bitcoin finished out 2013.
http://imgur.com/cuNWJi8
Bitcoin Aug 1, 2013 - Dec 31, 2013
271TH - 10,910TH
Holy. Crap. In the space of five months, from summer to New Year's, Bitcoin increased 3,925% in its network hashrate.
What if the trend continues, and Litecoin follows the same trajectory and experiences a similar gain in network hashrate?
Litecoin Possible Hashrate Gain: Aug 1, 2013 - Dec 31, 2014
742GH - 29.8TH
When the Bitcoin network had reached 29.8TH/s, the difficulty was at 244,000.
Gulp
Now, granted...my math is not the strongest in the world...so hopefully I haven't screwed any of these numbers up and feel free to correct me if I'm wrong on any of it. But...it's looking to me like if the trend continues, Litecoin's difficulty is going to go ballistic over the second half of 2014...and then supernova in 2015. The difference is, I believe that the ASIC devices for Scrypt will eventually hit a wall that SHA-256 devices didn't, due to the memory requirements and the limits of how small die sizes can shrink. It actually IS still ASIC-resistant, but it remains to be seen, at which point that resistance will assert itself.
Anyway, if you don't think this is going to have an affect on miner selling behavior or the price of the coin...I disagree.
(Edited to correct some bad math. Shame on my public school education.)
submitted by FreeJack2k2 to litecoin [link] [comments]

Monumental AIOMiner Update v8.4 - Mine the most profitable currencies on 74+ Algorithms (1000+ coins) while paying 0% Fees, now with free Online Rig Monitoring for your entire farm!

Hi Everyone!

We’re excited to be able to call AIOMiner, the best miner on the planet!
 
First of all, thank you so much for all of your support over this past year! Your constant suggestions in Discord have helped make AIOMiner what it is today and we are endlessly grateful!  
If you haven’t yet, here are some quick links to get involved with AIOMiner:

Humble Beginnings

If you’re not familiar with AIOMiner, we were born right here on /gpumining. Almost exactly one year ago, xixspiderxix became frustrated with the lack of functionality, ugliness, and the high difficulty required to get started with the already existing miners. Originally, he was just going to make it for himself to enhance his own mining experience, but others started asking for access to the software, suggesting new features, and helping him improve. So, he opened it up to the public for free and AIOMiner was born. And to this day, we maintain our promise that mining with AIOMiner will always be free. You can read more about it here, but let’s get to the good stuff!
 

What’s New in AIOMiner?

We now have remote rig monitoring and control through our website! We’ve just enabled the AIOMiner application to connect to the AIOMiner website through an API and fixed some bugs. If you’ve never used AIOMiner before, here are some of the features you can expect on the software side of things:
 
The biggest part of the update is a full rebuild of AIOMiner.com. We're bringing you remote control of your rigs via the AIOMiner website so you can stop paying for services, like Teamviewer, and manage all of your rigs from anywhere you have an internet connection!
 
Here's what you can expect from AIOMiner.com:
Whew! That's a lot, but believe it or not... we're just getting started! We still have plenty planned to maximize your rig efficiency, control, and profitability.
 

All of my favorite miners?

If not all of them, then certainly a good chunk of your favorites and we make sure they are updated daily!

74 Algorithms? Prove it!

takes deep breath
  1. Ethash
  2. CryptoNightHeavy
  3. PHI1612
  4. Zhash
  5. CryptoNightSaber
  6. Lyra2REv2
  7. NeoScrypt
  8. Phi2
  9. CryptoNightV8
  10. TimeTravel10 (BitCore)
  11. x16r
  12. CryptoNightV7
  13. Lyra2z
  14. Hex
  15. Xevan
  16. ProgPoW
  17. 1927-genesis
  18. Geek
  19. Aergo
  20. BCD
  21. Sonoa
  22. Bytom
  23. Renesis
  24. SolidtySha3
  25. CryptoNight-Lite
  26. Aeriumx
  27. Zhash_zel
  28. Zhash_BTG
  29. Zhash_Snow
  30. Zhash_Zcash
  31. Zhash_Safe
  32. Zhash_ltz
  33. x16s
  34. Allium
  35. Zero
  36. Tribus
  37. x14
  38. c11
  39. Darkcoin-mod
  40. Pascal
  41. Blake14r
  42. Vanilla
  43. Blake
  44. Groestl
  45. Skein
  46. Myriad-groestl
  47. Keecakc
  48. Polytimos
  49. Whirpool
  50. Lbry
  51. Jha
  52. Skunk
  53. Phi
  54. Keccak
  55. Sib
  56. Blake2b
  57. Nist5
  58. Veltor
  59. Blakecoin
  60. Blake2s
  61. HSR
  62. x11evo
  63. TimeTravel
  64. Equihash
  65. x17
  66. x17gost
  67. CryptoNight
  68. CryptoNightRTO
  69. CryptoNightXAO
  70. CryptoNightMSR
  71. CryptoNightXTL
  72. CryptoNightLightv0
  73. CryptoNightLightv1
  74. CryptoNightHaven
Q: How many cryptocurrencies does that cover?
A: ¯\(ツ)/¯ We stopped counting when we reached 1,000.

Is it safe?

Of course, but don't take it from us! Here's a 3rd party analysis on the software:
https://www.hybrid-analysis.com/sample/e8f518e55783a853659938ed1c25f441acf5c8cf2e7730ce3135f2dd231759b2?environmentId=120

What's Free Hash Friday?

Every week we put on an event called Free Hash Friday, and don’t call the DEA because we're not giving away weed! Maybe Canada can help you with that, but here's the general rundown for Free Hash Friday:  
The AIOMiner team sends out a tweet every week with directions in an image, such as this one.  
Follow the directions in the tweet where it says "To Win" with the arrows. Once you've completed those three steps, your twitter handle will be inputted into a spreadsheet (that is shared with the public) and you'll be assigned a number in the order that you're inputted.  
You have until 8pm US Pacific Time (GMT -7) to enter. At 8pm, the spreadsheet will be updated one final time and the drawing will begin immediately in the AIOMiner discord channel.  
You'll notice on the spreadsheet that you have a number next to your twitter handle. We have a bender bot that is able to generate a random number given the upper and lower limit. If your number is the randomly generated number, you win!  
Typically we pair with a coin, as you can see, who puts up some to giveaway and we have multiple winners. If we don't have a coin to give away, The AIOMiner team will simply start mining on behalf of the winner for 24 hours and mine any gpu-mineable coin of their choice.  
And that's pretty much it! So, follow our twitter and be on the lookout for the next Free Hash Friday!
 

What else should I know about AIOMiner?

We are fully committed to keeping mining free for everyone, but it does cost some money to keep the servers up and running. So, we're planning on releasing some "premium" features in the near future that will take the mining experience to the next level. Until December 1st, we will allow users to donate/purchase a lifetime premium account. With this account you will gain access to AIOMiner and all of the premium features that we release as well as any future product we make for free. This is only for a limited time, so if you're in the mining game for the long haul, it is definitely worth it. After December 1st, we will open up the premium features on a membership/monthly subscription basis. So, get it while it's hot!
 
Other than that, enjoy the software, enjoy the giveaways and come participate in the community:
 
Thank you again to everyone who has helped make AIOMiner what it is today!
 
Happy Mining,
-The AIOMiner Team
Edit: When releasing the new website, Google's Crawler flagged us as experiencing a hostile takeover and as a result, you may get a message warning of malicious content. We checked everything and there is no malware or malicious software on aiominer.com. We are actively working with Google to get this resolved as quickly as we can!
submitted by AIOMiner to gpumining [link] [comments]

Why mine other crypto currencies?

Is it not better to just mine bitcoin only since its value is a lot higher than ethereum and other currencies?
submitted by Pyro_Woof to BitcoinBeginners [link] [comments]

How do cryptocurrency mining pools work? Mining Difficulty - Simply Explained - YouTube Bitcoin and Scrypt Coin Mining Rigs Crypto Miners Difficulty Log Nov 20/19 Ethereum, Bitcoin, Monero The Purpose of the SCRYPT Mining Algo for Litecoin

The Scrypt Miner is an algorithm developed as an ‘ASIC-resistant’ to prevent Bitcoin miners from joining the Litecoin network. Table of Contents. ... Scrypt Mining Calculator . ... When there are more people mining, the difficulty increases. This is a field that is auto-filled, and you need not do anything regarding this. ... A difficulty increase by more than 15% is not uncommon in the world of bitcoin, yet it makes a big difference for miners who are unable or unwilling to upgrade their mining hardware. Even though ... I am mining on a single Antminer S9 with Slush Pool. There is a setting called "minimum difficulty": When I read their manual, item #8 states . The pool automatically assigns difficulty that corresponds to the hash rate of your miner. My scoring hash rate and hash rate are consistent with what the manufacturer of my mine advertises: 13.5 TH/s Disclaimer: Results from mining calculator are estimation based on the current difficulty, block reward, and exchange rate for particular coin. Information on price provided by Coinpaprika and CoinGecko. Errors can occur, so your investment decision shouldn't be based on the results of this calculator. The pool uses automatic Variable Difficulty mechanism and adjusts share's difficulty to an optimal value, but Custom Diff is also supported. String d=10000 should be used as a Password, where 10000 is any diff value from a range from 128 to 256000.

[index] [26690] [12631] [23887] [10265] [30410] [20405] [34127] [6226] [17606] [27169]

How do cryptocurrency mining pools work?

Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all abo... Bitmxittz mining Hashrate & Power consumption on SCRYPT ASICS : Bitmxittz ( BMXT ) using Scrypt algorithm. Power consumption on Watts per hour. Gridseed Blade purchase link: ./lSAe6 Innosilicon A2 ... At the CoinGeek Seoul Conference, Xiaohui Lui revealed the intention behind sCrypt: the difficulty of understanding and utilizing Bitcoin’s programming language that barred the flourishing of ... #Mining #Bitcoin #Cryptocurrency Welcome to the 3rd episode of CMDL , November 20, 2019. We go over Ethereum , Bitcoin, Monero & LiteCoins difficulty for mining. The Facility No.27 Networks. How does cryptocurrency mining difficulty work and why should you care as a miner? - Duration: 55:47. ... Bitcoin Private Official Mining Pool Setup Guide - Awesome Miner - Duration: 16:07.

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