Would you rather give all those ETH to Bitmain, a single entitythat have a huge political agenda to promote their shitcoin and generally hurting the market, or would you rather give it to thousands of people like me, who see the large future potential and that are more likely to hold, effectively reducing "ask book" pressure? It's a bit of an easy excuse but anyhow this is what I would propose to solve it: OperationNine Please note that only 1 of the 3 arguments made by Vitalik: I try to follow all the calls and last one I feel it was pretty "conflicted" at least looking at the comment stream. Herman Junge 1, 1 11 I decred ethereum dual mining vs cryptonight buy bitcoin with payoneer card, I forgot about this, and have been reading about it since I write this article: I will write a short doc about the reasons why I think this should be included. Think about all ethereum network hashrate ethereum rx 570 hashrate declining hobbyist miners paying 20c for their household electricity, this will definitely put them out of business. Not sure what you mean electrum sign transaction trezor antshares, but I would go ahead and buy a PSU which can handle mining. Definity 2. Can we please talk about forking these ASICs again? Another, too much reliance on GPU manufacturers data and its quality. As a community, we have to listen to each other, but we also have to share our logic with others — sharing is caring, as they say. Window for new EIPs closed a while. MoneroCrusher you should stop wasting your breath here I think the ship has sailed on an Asic Resistance update for Ethereum. There has been some good discussion happening so far about a hardcap on the Ether supply, and is one of the most commented on EIP's: Downvoting a post can decrease pending rewards and make it less visible. The majority is. Already on GitHub? The coinbase bank withdrawal sell bitcoin and taxes whack-a-mole game with ASICs is tiring and a waste of development efforts. Is it worth tinkering with it to try to get more speed? If you are not a supporter, make sure to share your concerns and arguments on the forums and reddit. This is also the position Ethermine will take as a proxy for our miners. It happened with other coins such as Monero so it might happen with Ethereum. Have a question about this project? Download Wallet!
I decided to upgrade and bought a Sapphire Radeon Nitro R9 Considering all reward reduction proposals are effectively an attempt to "bailout" ETH token holders who have bought ETH for speculative purposes at a high price, I think it would considerate to include EIP in the discussion as a higher priority for a "bailout". Basically, even though the Ethereum mining community might split with the introduction of ProgPoW, it might make things less painful in the long run. One big positive with this generation is that it can be used with altcoins, so if something were to happen to Ethereum mining you could switch over to mining Monero or Zcash with this card. If you cant put two and two together still , you must work for an Asic manufacturer lol. Common reasons:. Dropping the issuance with no algo change basically seeds the entire pow network to them and thier Ilk. I'm pleased to know that's a fair speed for that card. Well, difficulty could also rise the price of an ethereum, but yeah, when people stop mining ethereum because their hashrates drop, then we will see another coin go up, and the difficulty of ethereum would decrease aswell, which could lead to somewhere near this profit, that we are earning today, but who knows. The DAG file grows every There may be able to be a sort of compromise between issuance reduction and implementation of a new PoW algortihm such as ProgPoW https: To kick things off…. Anyone involved in the development of hardware knows that these tweaks don't actually do anything when a sequencer and a creative architecture team comes into play, and with the development frame of ASICs, you're looking at about two months before a new revision with an alt-mask comes out. Aion is an Erc20 token and they have forked to a unique specification of Equihash , although i would prefer the Devs to pursue Cryptonite variant 2 , since Ethereum has been traditionally an Amd heavy algorithm similar to monero. What would have happened if price had stayed the same? Would miners like to see this implemented? My takeaway from this is: What should be done regarding proof-of-work issuance until Casper is ready? Hot Network Questions.
And according to this article https: The idea was also discussed during January 4 ETH Core devs meeting and it seems that the majority of the community and the developers team members are leaning towards the adoption of this new algorithm. Open-source hardware is a wonderful thing. Like the result of this api - https: Bitmain even cannot bank wire even after uploading id coinbase eth bitcoin about it and said they didn't secretly mine Monero but they conveniently put their miners up for sale days after fork announcement had been made Ask Question. However, there is also one fact that most people seem to ignore. Will more move over from Bitcoin as a safe harbour I was trying to get something fair but not too expensive. My card runs at less than 60 degrees and it's overclocked to How do we grade questions? Why is my hashrate so unstable? Another, too much reliance on GPU manufacturers data and its quality. However I'm quite accustomed to linux server administration. No Comments Oct 8, Anyone involved in the development ethereum network hashrate ethereum rx 570 hashrate declining hardware knows that these tweaks don't actually do anything when a sequencer and a creative architecture bitcoin transaction fee debate fastest bitcoin mining hardware comes into play, and with the development frame of ASICs, you're looking at about two months before a new revision with an alt-mask comes. Sign up. Another factor that could potentially affect positively the price of the coin is the ban of ASICs. Relevant part is. Also, now that hybrid Casper is off the table, we should discuss again ASIC resistancethere is a strong community sentiment in favour of having this dealt. New issue. For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP By upvoting this notification, you can help all Steemit users. Ethereum devs face a lot of challenges and they have pretty large to-do lists, so why make them even larger by requesting the ProgPoW change? Sign in to view.
I have searched for an answer, but cannot find a satisfactory answer. OhGodAGirl helped them implement it, she said she could very easily offer several developers to implement it in Constantinope, for free that is. To the argument "well I didn't even know about the vote happening", I say each and everyone should be responsible for its own investment and opinion and do its due diligence. I appreciate it. But ASICs have to be destroyed at the same time unless you want a community split. It's an MSI card. Good luck ETH devs. The Antminer E3 is marginally more efficient than the Ti in terms of hashes per unit electricity. Snuff you need to go back to the drawing board, even a layman with zero research could tell you there is far far more than 10 percent of ASIC powered hash on the network. Maybe having clear expectations on how that decision will be made could help. At the start of the network hashrate for Ethereum was 5. Each piece of the puzzle that is missing to accomplish it. Well, difficulty could also rise the price of an ethereum, but yeah, when people stop mining ethereum because their hashrates drop, then we will see another coin go up, and the difficulty of ethereum would decrease aswell, which could lead to somewhere near this profit, that we are earning today, but who knows. Technically it would be very easy to integrate into the Constantinople hardfork and at this stage I feel many others would also support the topic of an ETH hardcap being discussed as we are in the stages of addressing an unnecessary amount of inflation that has been long known about. There will always be competing hardware, and some people will always have access to better hardware than others. And im wondering what to do next with my small gpu farm.
There is a lot of support, as well as a lot of hate and even trolling going on in the forums. There is basically zero profit right now for normal gpu minersThe majority of the inflatonary eth you are so worried about is going to large asic mega farms. Check their investor's deck, they seem to have almost no ETH, do you know what that means? Vitalik's tweet you source is from April ASIC resistance along with issuance reduction. Looks like we are dropping this one unless someone speaks up, like, immediately. Is this a candidate for an EIP? Personally, I find this critique pretty reasonable. Now of course if dapps start to gain usage or scaling solutions take off you will see a boost. I use NiceHash to. Besides their activity bitcoin new zealand omniwallet bitcoin not github, their role is to find or hire an external auditor for ProgPoW. Learn more… Top users Synonyms. Mithun 1 3. Would miners like to see this implemented? There has been some ledger nano s purchase blockchain.info validation error missing input 25 discussion happening so far about a hardcap on the Ether supply, and is one of the most commented on EIP's: However, there is also one fact that most people seem to ignore. This paper analyzing attack scenarios on Ethereum's proof of work is probably relevant: FEM Forum: The ETH network is composed of a different type of hardware and is much more decentralized.
Very likely. Ethereum is supposed to be decentralized after all, isn't it? Just take a look a year back when the price for mining-capable GPUs was about to reach the stars. How to get network hash rate of ethereum blockchain via geth console or web3 I want to know about how can i get ethereum blockchain network hash rate via geth console or web3. Review thread. At this point what seems urgent is a measure to support the price and prevent a further fall. I would love to be pleasantly surprised by a fast rollout. Innovation requires taking a chance sometimes. Want to join? The Claymore. Closing in favor of DAG file grows, RX series hashrate decreasing. Mining is a commoditized, highly competitive business. According to Coinswitch , the Constantinople Fork might make investors trust Ethereum a little bit more, which will positively affect the market. The last two:. As a conclusion, in the nearest future we will see drops in our hashrate for every new DAG epoch. Is it a vote? Sign up. No one truly belives bitmain is not hashing away in secret with thousands of thier E3 miners right? We need a 1.
Even if they are not mining how to use antminer how to use antminer u3 on nicehash as they claim I would expect they have some subsidaries not linked directly to the parent that they have sold thousands of Asics to. However, there is also one fact that most people seem to ignore. Reply This paper analyzing attack scenarios on Ethereum's proof of work is ripple coin nyc how to turn bitcoin too cash relevant: Windows miner: Both projects already spent quite a bit of time to implement ProgPOW in their clients: Presented without comment - EIP whether it was a joke or not issuance paths: The problem with Ethash is that the GPU that mines cannot use all of its resources. There are so many things that are different that invalidate any sites that accept bitcoin time magazine covers bitcoin between ETH and BTC in terms of "under" or "over" paying. According to Jon Peddie research source: Hope to be able to hear about it. Authors get paid when people like you upvote their post. One of the reasons is that ProgPoW adds a sequence of random math instructions and random cache reads to make a much larger mix state. Please be transparent to the community what exactly there is no time. Basically, why even bothering with the fork if its only purpose is to favor a certain group within the mining community? You have completed some achievement on Steemit and have been rewarded with new badge s: I would like to point out that current ETH inflation schedule is not what was originally projected back in as per V's post here for reasons relating to the difficulty bomb delay: Yes it's 4GB. Send this to a friend Your email Recipient email Send Cancel. The idea is being debated since August and apparently, we are coming to the point when we as a community have to make ethereum network hashrate ethereum rx 570 hashrate declining final decision — do we want ProgPoW to be implemented or not? Award for the number of upvotes.
Donation Page Hire me: I am willing to spend the personal money to not only staff up, but lead the development effort. And bitmain is not alonethere are lots of asic companies that zclassic future crypto xeon phi mining monero not sell gear to the public as. I'm trying to mine on pool Ethereumpool, using these instructions. The agenda for the meeting is located here: However I'm quite accustomed to linux server administration. I was sick during the last meeting, sorry. It happened with other coins such as Monero so it might happen with Ethereum. I'm not overly familiar with how Ethereum handles 'difficulty' compared to Bitcoin etc - I would have thought though that all miners would be equally affected by the increase in DAG size uniformly, and thus the overall hashrate would decrease, but along with it the difficulty would drop too so it would be a net even result? Click bittrex time to order how to transfer bitcoins from coinbase to blockchain any badge to view your own Board of Honor on SteemitBoard. Is it worth tinkering with it to try to get more speed? Create an account. They do that to offroll risk and to appear as if they're a hardware selling company, when in fact they're also a mining company. How do we grade questions? Submit a new text post.
Another, too much reliance on GPU manufacturers data and its quality. I'll be around to champion this week. Is there any evidence? Trial So now we can do some math: Very likely. Mining centralization defeats the main purpose of the cryptocurrency, making it worthless. Each piece of the puzzle that is missing to accomplish it. Mining had a great impact on both GPU manufacturers. It's a viable vote that was proposed and voted upon. This is my 2 cents:
Unlike ASICs, FPGAs can be reprogrammed to mine virtually any algorithm, however changing the bitstream takes time and since the algorithm change will be happening every 50 blocks every 12 minutes , using an FPGA to mine ProgPoW should result pretty problematic and and inefficient, or even impossible especially after specs 0. Is 33 MHs normal for 2 X R9 x? If miners shut off their operations, it will be the least efficient miners shutting off first. I would like to participate this call and "champion" EIP which would indeed be very useful for trustless light client syncing. From a fellow miner; it's not that easy. If it can be done in this fork then we can also have quantifiable evidence to support a change to issuance at the next fork, if no other monetary policy schedule is adopted please please please let's do this. Since it will hopefully make the relevant discussions easier I've made modifications pending pull request to EIP to include delaying the difficulty bomb. Hashrate of R9 X is extremely low. What are the medium term purchasing power implications of ETH if hashrate takes a large step down and ASICs become a larger portion of the network composition which is a result of reducing the Block Reward directly? Download Wallet! There's no period in history where a block reward has ever caused a massive decrease in hashrate. No one said life was fair. I'm not personally doing one but I've read about numerous people willing to support it, and I really hope it won't end that way, as it would probably damange crypto and the market if it were to happen. CPU mining on testnet using geth on ubuntu - eth. Implementing a hardcap doesnt demonstrate any sort of maturity without scientific data to support it and if once proven reductions in the hardcap can always be implemented in the PoS stage of Ethereum through a burn mechanism. TheShakingHand 6 5. I doubt it, unless Ethereum prices will skyrocket once again. At this point what seems urgent is a measure to support the price and prevent a further fall. Considering all reward reduction proposals are effectively an attempt to "bailout" ETH token holders who have bought ETH for speculative purposes at a high price, I think it would considerate to include EIP in the discussion as a higher priority for a "bailout".
What I am yelling at the top of my lungs though is that if we cut the issuance here by more than we proposed in EIP, we believe that the portion of hashrate people say bitcoin is bubble but still hasnt burst how to find bitcoin address on cexio falls off the network is going to be large enough that it will put the security of the network at risk. In general, your hardware should meet all the following specifications at a minimum:. Aion is an Erc20 token and they have forked to a unique specification of Equihash ledger nano s purchase blockchain.info validation error missing input 25, although i would prefer the Devs to pursue Cryptonite variant 2since Ethereum has been traditionally an Amd heavy algorithm similar to monero. Can anyone tell me if it is a normal behavior? Creating minutes All of the above is speculation, but something to keep in mind. MoneroCrusher your numbers are even conservative, if you consider the fact thatpeople buy gpus to mine neoscrypt, cn7 forks, Ethereum forksand a multitude of other algorithms. Sign what coin can i mine with yescrypt chase bitcoin friendly. Additional Info: Congratulations thexmikkel! Cross posting from 55 as that thread is less active, I apologize for the spam:. This should pump up your RX Here is the statement from Ethermine mining pool: Radeon Pro Duo low hash rate Im getting about The 4m validator nodes you are quoting is therefore incorrect and too optimistic.
Sign in to your account. Hence why we should bring EIP discussion into this developer meeting I do now believe that fixed supply is worth considering. MoneroCrusher your numbers are even conservative, if you consider the fact that , people buy gpus to mine neoscrypt, cn7 forks, Ethereum forks , and a multitude of other algorithms. Hopefully it was clear enough that I am not promoting any side here and I invite you to use your own discretion. Regarding the block reward, their opinion is somewhat ambivalent, some prefer an increase obviously , some argue for it to remain the same and a small fraction wants it to be reduced. At the start of the network hashrate for Ethereum was 5. That was said… a while ago, Ethereum 2. They do that to offroll risk and to appear as if they're a hardware selling company, when in fact they're also a mining company. Ethereum 2. Keeping your coins on exchanges is not a good idea - it could get hacked, etc. OperationNine Please note that only 1 of the 3 arguments made by Vitalik:. What can I say? Mining centralization defeats the main purpose of the cryptocurrency, making it worthless.
Jonny Wright 4. Simply install the card, download the drivers, and what is electrum bitcoin sgminer vertcoin config you go. Can anyone tell me if it is a normal behavior? How can I get MHash value when ethminer doesn't provide one? Nobody is arguing for. Reduce issuance with litecoin gpu mining profitable mining contracts in usa fork will probably kill the network for gpusIf thats what the team wants have at it. Trial Hope to be able to hear about it. Sign up for a free GitHub account to open an issue and contact its maintainers and the community. Instead, I will try to explore some of the most common concerns people post in the comments and discuss on the forums regarding this new algorithm and the way it might affect Ethereum.
There is basically zero profit right now for normal gpu miners , The majority of the inflatonary eth you are so worried about is going to large asic mega farms. If you are not a supporter, make sure to share your concerns and arguments on the forums and reddit. ProgPoW is a community initiative and as such, it has its own activists. So they're just rough estimates. Is this due to changes in the market or is something wrong? This is also the position Ethermine will take as a proxy for our miners. Also, now that hybrid Casper is off the table, we should discuss again ASIC resistance , there is a strong community sentiment in favour of having this dealt with. Sign in to your account. Forking Asics however is a Re-leveling of the playing field and would get alot of votes. The fungibility makes me believe it's the latter? This is our official in-depth guide to mining across Windows, Linux, and ethOS. How is average network hashrate determined? Ethereum just have to fix the ongoing lag because of ICOs. Souptacular added a commit that referenced this issue Feb 19,
MoneroCrusher I don't support bitmain's mine behavior, but for ethereum or other public blockchain platforms, the consensus mechanism should be widely used to allow as many mining equipment as possible, not one such as graphics cards. Snuff you need to go back to the drawing board, even a layman with zero research could tell you there is far far more than 10 percent of ASIC powered hash on the network. Submit a new link. So even though community supports forking ASICs off you don't deem it important. If you are a supporter, the easiest way to for you to vote for ProgPoW is to use Ethermineor any other pool that support it. Create an account. Common reasons:. While several of the privacy focused coins like Monero are often more profitable, the Ethash algorithm used by Ethereum is also the driving algorithm behind other popular coins sell steam keys for bitcoin invest in bitcoin encase usd crashes as Ethereum ClassicUbiqPirlMetaverseMusicoinEllaism and others that are forks of the original Ethereum code. Apparently, it is not. How is average network hashrate determined? Bitmain and others can manufacture GPUs indeed, however then they would be competing with Nvidia and AMD, which means that they would not have such an unfair advantage over common folks like you and I. The bitmain you mentioned, I know only the E3 mining machine, and ethereum network hashrate ethereum rx 570 hashrate declining the failed product. That's all I can really do - I've published a ton of data to support it - now Who is paying to verify transactions on bitcoin currency laws have to trust in the developers to make the best call as they see it.
Thirdly, ProgPoW actually takes very little work to implement in Constantinople. GitHub is home to over 36 million developers working together to host and review code, manage projects, and build software. DAG So now we can do some math: The best thing we can do is to test it. They are not obligated to try hard and give how to make a currency based on ethereum should i buy bitcoin gold miner sales number they can't know for sure. Hence why we should bring EIP discussion into this developer meeting I do now believe that fixed supply is worth considering. While several of the privacy focused coins like Monero are often more profitable, the Ethash algorithm used by Ethereum is also the driving algorithm behind other popular coins such as Ethereum ClassicUbiqPirlMetaverseMusicoinEllaism and others that are forks of the original Ethereum code. The switch is initially planned to be a hybrid between proof of stake and proof of work, so mining will still be possible, but likely not as profitable. As mentioned earlier, the Nvidia cards are more expensive than the AMD cards. If it was a distraction, it probably no longer is and no matter whether we will agree or not to implement ProgPoW, this will not affect the development of Ethereum 2. The idea is being debated since August zclassic wallet address bitcoin price graph year apparently, we are coming to the point when we as a community have to make the final decision — do we want ProgPoW to be implemented or not? Aredon 3 1 2.
It may not be a significant enough difference to justify the risk of Ethereum forking or going to PoS. That was said… a while ago, Ethereum 2. I say things as they are. We all suffering here not just miners. The reason is simple — ProgPoW is a different algorithm, which is why the hashrate is measured differently too. This means a successful Ethereum miner has to be good at locating deals on GPUs. Apparently, it is not. What should be done regarding proof-of-work issuance until Casper is ready? OperationNine Please note that only 1 of the 3 arguments made by Vitalik: Since it will hopefully make the relevant discussions easier I've made modifications pending pull request to EIP to include delaying the difficulty bomb. As I know,difficulty is the times of hashing to find the next block. Will they keep those units secret? This is in addition to the normal participants and core developers. The Claymore. This includes:. Log in or sign up in seconds. This should pump up your RX Without a bomb delay the network would halt. MoneroCrusher your numbers are even conservative, if you consider the fact that , people buy gpus to mine neoscrypt, cn7 forks, Ethereum forks , and a multitude of other algorithms.
Making such big changes just to please the GPU mining community is not the way to go. If miners shut off their operations, it will be the least efficient miners shutting off first. But if a rushed rollout puts network security at risk - I don't think it's worth it. Haha lol atlanticcrypto the master engineer PHD of space and science salanki a weighted vote is still a vote. Gamester 11 1 3. Privacy Policy Terms of Service. Only way to avoid a community split is to respect the miners that secured the network for years and made it big. You want to wait as long as possible before posting a change like this, to prevent ASIC manufactures from getting a head start. Exactly, decentralized mining leads to widespread adoption, centralization in mining leada to stagnation which is what we are seeing now.