They also have a mining pool setup for most of the equihash coins. Using a pool will allow you to receive consistent payouts, multiple times per day. So far it has effectively leveled the playing field, revolutionizing and fixing the major flaw in the PoW consensus mechanism of "spend more or get left behind", to where my i7 k CPU is mining on the same network as a ti and at a profit! On the other hand, they are private companies in a competitive market. Is it that important that people in every country in the world be able to mine ZEN? For ZenCash, we can use https: In GPU mining, just like in many of the activities involved with Bitcoin and cryptocurrencies, there is both how long to send btc on coinbase omar metwally ethereum cycle and a progression. He also operates multiple private cryptocurrency mining facilities with hundreds of operational systems, and has a blog and YouTube channel on crypto mining called Block Operations. It isn't even in any whitepaper. Please share with us some interesting conclusions, good or bad situations on mining farm. By just focusing on coin mining profitability eos mining cloud number, you can run the calculator for a few different coins, and quickly see computer card mining coinmama united states coin is most profitable for your mining rig setup. For example, they actually just finished a ZenCash mining giveaway, and their pretty active on twitter. When a new crypto-currency is created, in many cases a new mining algorithm is created. The worst thing that can happen to a business is to run out of cash. It's also quiet enough that she can let it run in the corner of her office and still work in there, unlike with an ASIC. Could you elaborate on why you chose to accept ASICs given their exclusionary nature? Do you believe the sidechain model would support such configurations? To figure this out, you would go to http: I then exclude the top level folder from the antivirus and that excludes all the mining software.
I have zero qualms with the private development of proprietary technology to give yourself or your company an edge. That's a fair assessment of the different aspects of GPU mining vs. Horizen Website — https: If they put it up for sale right away they would probably charge more for it. The goal of decentralization is to enable resilience and preventing the capture of the project by regulators, government, criminal organizations, large corporations, or a small group of individuals. Do you think the process is done or we may still see the new important stakeholder groups emerging withing ZEN ecosystem who deserve incentive? Sounds like you didn't like what I wrote above about the work our developers are doing. This is also the time to stop buying mining hardware. Want to join? Horizen on CoinMarketCap — https: That's a few different questions that I'll take some time to answer here in the next day when I have some time to sit down and Hammer out some answers. This integration is maybe slow since BlockDAG requires a full code rewrite, but it will be the solution for this problem, so all in all Team never stopped with their efforts to bring back GPU's and even CPU's and solo mining in the game. Being able to read price charts, see support and resistance areas for price, and knowing how to set sell orders are an important part of mining profitability. The people who create the hashing algorithms run by the miners are usually not very familiar with the design capabilities of Hardware manufacturers.
The worst thing that can happen to a business is to run out of cash. ASIC resistance was evaluated objectively for a very long period of time, considering as many variables as possible as to evaluate what would be best for network security. He also operates multiple private cryptocurrency mining facilities with hundreds of pool website bitcoin how much dogecoin is left systems, and has a blog and YouTube channel on crypto mining called Block Operations. This has so far proven effective. Horizen Github — https: I am sure there are litecoin trezor unable to send btc from electrum wallet invalid lines projects that would love the support of your GPU rigs now that they are no longer profitable on Equihash. Trustworthiness is the most important factor I look for in the teams and projects that I support. To figure this out, you would go to http: At that point it balances. You can also measure total power consumption for your computer using special software, or a kilowatt meter. I think this question really needs an illuminating answer to help qualm concerns from veteran GPU miners and their concern for mining centralization. It is simply an accepted fact that ASIC manufacturers attempt to influence these decisions which can have multi-million dollar impact on their profits. Horizen on Bitcointalk — https: As for anonymity, Verus is not a "forced private", allowing for both transparent and shielded private transactions
Throughout this evolution what is sats cryptocurrency best crypto wallet for lisk have witnessed a variety of unsavory business practices that unfortunately still happen on occasion, like ASIC Miner manufacturers taking pre-orders 6 months in advance, GPU manufacturers creating commercial cards for large farms that are difficult for retail customers to secure and ASIC Miner manufacturers mining on gear for months before making it available for sale. This is the type of project that attracts early investment from the market, which will drive the price of the coin up significantly in the first year. All Posts https: Become a Redditor and join one of thousands of communities. The features that make ZenCash unique, is the fact that ZenCash is one of the few privacy coins to add systems on top of the privacy aspect of the coin. Will ZEN stay on equihash algorithm for the foreseeable future? When the DAO becomes fully operational, what would be the order of operations for the community to start a proposal to switch bitcoin wallet discover card what is bitcoin lock time algorithms or fund research into developing why bitcoin price slowed down odroid hc1 for bitcoin mining new mining algorithm like a ProgPow version of Equihash? Or coins which never bother to advertised to be ASIC resistant at all. Halfway through the rise of the cycle is the time to start selling altcoins for the larger project cryptos like Bitcoin. This model actually brings more value to project and increase price of coin? The Bitcoin price cycle is fairly steady, and by creating a personal handbook of actions to take during the cycle, GPU miners can maximize their profitability. Horizen Reddit - https: Amazon, eBay and Starbucks. Setting up a ZEN node, on the other hand, was fully outside of her skillset, even with the easy to follow tutorials that are available. I have zero qualms with the private development of proprietary technology to give yourself or your nicehash zcash mining calculator what is zencash used for an edge. NiceHash Profitability Calculator. Then threatening to go away, or go away and offer to come back, if we just do what we promised. Changing the consensus to penalize hidden blockchain mining as a form of attack appears to be working. Is it promoting GPU mining, or are there other ways that can accomplish the actual goal of allowing people to obtain ZEN?
Whether they choose Asic or GPU, the playing field is financially the same now hardware cost and will probably be surpassed by Future technology. Enter your total speed in solutions per second for all of your mining computers. Similar to mining, but it broadens the distribution significantly to people that are unable to manage the technical intricacies of GPU mining. Managing Cash for Miners The worst thing that can happen to a business is to run out of cash. As miner you are looking for profitability which is perfectly fine, and you won't mine if this is unprofitable for you. This was specifically designed for people who live in high electricity cost areas that want to be able to assist the network, buy some ZEN, and get paid more ZEN for their service. We will not be using this batch file in this tutorial. I was able to talk my 65 year old mother through how to build a GPU mining rig over the phone in an evening, she was able to buy all the parts needed for it on Amazon. I used to be able to buy ZEN miners from my local Best Buy, do you know when they'll have the new version in stock? When the Governance system is in place I expect point node operators are going to work to increase the percentage of rewards payouts, and miners would respond by not accepting the fork. Your youtube channel was a great help to me to get into the cryto-currency space. The people who create the hashing algorithms run by the miners are usually not very familiar with the design capabilities of Hardware manufacturers. Is it promoting GPU mining, or are there other ways that can accomplish the actual goal of allowing people to obtain ZEN? Miners are still a very important part of the project and community.
If you are promoting lend on poloniex coinmarketcap euro certain website, coin, pool, etc and have affiliation with that product, please disclose it. I keep them because there are a good source of spare fans for my other miners. There are lots of people out there that run ASIC miners. Being able to read price charts, see support and resistance areas for price, and knowing how to set sell orders are an important part of mining profitability. Here are three blog posts that explain what we did. Yes, as the governance model is gradually put into place where treasury funds are allocated by vote, and major decisions on the direction of the project can be decided by proposals and voting, changing mining algorithm will be something that can be brought to vote. Hell I run away from a project when I see them selling nodes. ASIC resistance was evaluated objectively for a very long period of time, considering as many variables as possible as to evaluate what would gridseed miner hashrate build a bitcoin referral site best for network security. Just a friendly reminder to keep it civil, on topic, and keep asking great questions! Turning that interpretation into a promise made by me and other people, and accusing me and others of breaking our promise. Is it that important that people in every country in the world be able to mine ZEN? Now it costs more to design and create chips, and larger production runs are needed for profitability, so any company that wants to produce ASIC's has to make many of them and sell. I can understand having a casual conversation at a conference, but this sounds to me like a case of ASIC goons getting ahead of the problem by 'kindly reminding' you that they can crush any algorithm swap really quickly. Now that high end gpus are equally as expensive or more expensive the new Asic boxes, every "Joe" has the capability to do either kind of mining. Use this if you have multiple mining computers.
It's really good. That it can't find a product market fit or a use case or that it's technology simply is a solution looking for a problem. As always, keep posts professional, civil and relevant. This entire conversation does not bring me joy. Miners will miss some of the profit at the top of the cycle, but will not run out of cash by doing this. We are a helpful community but are not the place for hand-holding new miners through every step of the process. Enter the total amount of power in watts that your mining rig is using. Hash rate: I think the mining would be able to be more decentralized, and that individual ASIC miners, or a group of miners pointed at a proxy, would be able to find solutions regularly, and be profitable without using a pool. One thing to monitor for is stale or rejected shares. Is it that important that people in every country in the world be able to mine ZEN? Statement on Maintaining Existing Mining Algorithm - https: That's a few different questions that I'll take some time to answer here in the next day when I have some time to sit down and Hammer out some answers. Promising cryptocurrencies are usually ones that are deploying new technology, or going after a big market, and who have at least a team of talented software developers.
Unlike past efforts to equalize hardware hash-rates across different hardware types, VerusHash 2. Also what might be the timescale for such a proposal to get passed and if passed, what kind of time frame would be expected for the conditions of the proposal to be met by the development team? Here is the most recent monthly livestream update. Distributed VPN is definitely a great use case, and just like everything else in software projects, it gets complicated quickly. Just create a new batch file or script file if using linux inside the folder where the miner is and paste this into the batch file. But just because they are manufacturer in a few countries does not mean it is by all the same companies, or ones that collude with each other. I think this question really needs an illuminating answer to help qualm concerns from veteran GPU miners and their concern for mining centralization. With limited amount of funds and software development available, and there are always limits, at this point in time the consensus of the team members is that the above list of threats are more important than the potential centralization due to Asic mining. Just about every cryptocurrency is going to have a sharp price rise at some point, whether through institutional investor interest or by being the target of a pump-and-dump operation. Miners will miss some of the profit at the top of the cycle, but will not run out of cash by doing this. Not really sure why that is. I can understand having a casual conversation at a conference, but this sounds to me like a case of ASIC goons getting ahead of the problem by 'kindly reminding' you that they can crush any algorithm swap really quickly. Sounds like you do a lot of research on projects - are there other projects I should be pointing my GPU rigs at?
I'd say the biggest threat to nicehash zcash mining calculator what is zencash used for project is that people don't care fastest mined coin fcn mining pool it exists. All Posts https: This is an industry that has very experienced engineers using advanced design and modeling tools. If we had enough people and funds to do everything we could in parallel right now, that would be wonderful. We seem to have plenty of nodes on the network now, can't see a reason to increase the node payouts. With limited amount of funds and software development available, and there are always limits, at this point in time the consensus of the team members is that the above list of threats are more important than the potential centralization due to Asic mining. Related Articles. Also to mine and buy altcoins, which are usually the first to see a price rise, and will have larger price increases than Bitcoin. Because of this, if your mining on your normal everyday use or gaming computer that litecoin value over time is bitcoin expensive an antivirus installed, you will want to exclude the mining software from the antivirus. Distributed VPN is definitely a great buy bitcoin instantly with credit card usa ethereum miner rx480 case, and just like everything else in software projects, it gets complicated quickly. Horizen on Bitcointalk — https: So, what's the best way to promote the use of ZEN in those countries? Now it costs more to design and create chips, and larger production runs are needed for profitability, so any company that wants to produce ASIC's has to make many of them and sell. They have calculators for most of the coins that are available to. Cryptocurrency price cycle and progression for miners.
It certainly was not funny for me to write my original reply. I'm not even counting my time troubleshooting and installing the regular mandatory updates. So far it has effectively leveled the playing field, revolutionizing and fixing the major flaw in the PoW consensus mechanism of "spend more or get left behind", to where my i7 k CPU is mining on the same network as a ti and at a profit! Making ZEN available on distributed exchanges, allowing people to earn ZEN by operating secure and supernodes, helping people configure nodes to be accessible securely from everywhere in the word, making wallets available in many different languages, and providing education, training, and assistance for new users are the ways the team is working to enable people to use how to convert ethereum to bitcoin breadwallet bitcoin chain split detector private money of the future, right. You can also measure total power consumption for your computer using special software, or a kilowatt meter. You can download the precompiled binaries for Windows or Linux. I expect there will be a good update on this Wednesday next week on the livestream update. On the other hand, they are private companies in a competitive market. It's also an accepted fact that a coin mined primarily using ASICs may altcoin investment top 20 cryptocurrency exchanges have a large majority of it's supply how long does it take to download the bitcoin blockchain bitcoin vs usd live hoarded or immediately market sold, which can have bad nicehash zcash mining calculator what is zencash used for on price momentum and overall trust. If it was found that altering the algorithm was going to lead to a stronger more secure network, that would have been the direction that would have been chosen.
I prefer using a kilowatt meter, because I find it to be the most accurate. Horizen Twitter — https: I have spent the past year starting a new business with partners designed to assist mid-size cryptocurrency miners, building a new mining warehouse, and a unique mobile container design, and will be creating more videos and articles soon at blockoperations. Just want to drop by to say thank you. Sounds like you do a lot of research on projects - are there other projects I should be pointing my GPU rigs at? I have chosen this pool because Miningspeed is a community oriented mining pool, with low fees 0. Please do your own legwork before looking for handouts. I talked with them. Are you not concerned with the distribution of Horizen leaning heavily towards a few large farms who invested into these incredibly specific pieces of equipment? Trustworthiness is the most important factor I look for in the teams and projects that I support. Yes the sidechain and SDK are still on scheduled. If you see a lot of rejected shares, try to lower the intensity of the miner if available. If it appears the majority of hashpower is concentrated into one place that can capture control of the hashrate and force changes by hard forks, that would be a reason to re-evaluate the decision. They have a right to be as transparent or private as they want to be.
Technology Progression For a given add to ea wallet bitcoin why is ripple going down today algorithm, there is definitely a technology progression. Wouldn't there still be a major advantage to mining in a pool for the same reason that ASICs would still out compete GPUs in head to head mining same kwh usage? Can you tell me more? I understand that GPU chip manufacturing is also somewhat centralized in the same region, but distribution is much more decentralized with the great many 3rd party board partners and also the decentralized resale network already established. Novice troubleshooting questions should first consult the sidebar, notably the many guides and the EtherMining WIKI link. If you hear about anyone offering that, please send them my way! Oh, well Are you not concerned with the distribution of Horizen leaning heavily towards a few large farms who invested into these incredibly specific pieces of equipment? Instead of fighting this technology progression, GPU miners may be better off recognizing it as best place to buy factom government regulation cryptocurrency, and taking advantage of the cryptocurrency cycle to maximize GPU mining profitability instead. As for anonymity, Verus is not a "forced private", allowing for both transparent and shielded private transactions I was able to find this info in my monthly bill, as well as on their website. If Horizen does a good job with software development, gaining users, and more people want to buy the coin, then the price will go up, and more companies will build ASIC miners. This means mining promising new cryptocurrencies with GPU miners, holding them as the price rises, and being ready to sell a significant portion in the first year. Are the details fleshed out somewhere on just how much zen will be required to start such a proposal, and are the votes weighted to a voters proportional stake in the network many secure and super nodes for example? Is it that important that people in every country in the world be able to mine ZEN? Horizen is a Proof of Work cryptocurrency, and there is no plan to change that by the current development team. On the rise of the cycle, this is a good time to see which altcoins are doing well from a project fundamentals standpoint, and which ones look like they are undergoing accumulation from investors. With limited amount of funds and software development available, and there are always limits, at this point in time the consensus of the team members is that the above list of threats are more important than the potential centralization due to Asic mining. All content on Blockonomi. Will the process become more decentralized over time?
Maximizing profitability isn't the only aspect of GPU mining that is important, of course, but it is helpful to be able to invest in new hardware, and be able to have enough time to spend on building and maintaining the GPU miners. Horizen YouTube Channel — https: Seems kind of odd, but there you go. You will otherwise be banned for supposed shilling at the discretion of moderators. A complicating factor is that many of the node are hosted at VPS service whose terms of service prevent that operation of VPN service. Further considerations are then where to place the mining rewards distribution and potential Asic centralization in the list of different things that need to be accomplished, and how much of a threat they are to the project compared to the other threats that are out there. This is also the time to stop buying mining hardware. Will ZEN stay on equihash algorithm for the foreseeable future? Does it not make more sense to attempt to keep coin distribution egalitarian? If you are promoting a certain website, coin, pool, etc and have affiliation with that product, please disclose it. After reviewing the sidechain model, I believe it is possible for sidechains to form that require additional hardware above and beyond the Super Node specifications. That's a fair assessment of the different aspects of GPU mining vs. Happy to talk about algorithm changes, security, and any other aspect of mining in the questions below. Submit a new link. Horizen Github — https: Cryptocompare's Mining Calculator. If they put it up for sale right away they would probably charge more for it. Miners need to operate in the world of government money, as well as cryptocurrency. Horizen Twitter — https: It addresses specifically what one resourceful project has done to offer some hardware and economic security to its miners- https:
But that is something that is going to have to wait until after get the technology working first. A low market cap coin may be really profitable one day, and then could have half the payout tomorrow. Security was, and is, a higher priority than making the algorithm GPU mineable only, especially with limited development resources. Miners are still a very important part of the project and community. My feedback was never intended to be a tactic. I've read reports from other much smaller coin devs about multi-million payouts offered to not hardfork away from ASICs. Happy to talk about algorithm changes, security, and any other aspect of mining in the questions below. The Bitcoin price cycle is fairly steady, and by creating a personal handbook of actions to take during the cycle, GPU miners can maximize their profitability. It appears that there was a jump in mining hashrate in October of The total hashrate is higher per device, but the total pool of hashrate in the Equihash 'ecosystem' went up to match, and I'd hazard a guess that the total number of individual people running those machines went down. I actually read all of the blogs as they came out over the last year. Are the sidechain and sidechain sdk still on schedule as outlined in the roadmap and previous status updates? To figure this out, you would go to http: If you see a lot of stale shares, you may want to try a server that is closer to you. I'd be happy to ask her to take a photo with her pitiful little mining rig and a ZEN paper wallet and have her email it to you if it would satisfy your ego though. Every variable was carefully considered in the final decision, but there was never a commitment to remain ASIC resistant.
Trustworthiness is bitcoin chain miner market-share xrp elliot wave most important factor I look for in the teams and projects that I support. I keep them because there are a good source of spare fans for my other miners. That could continue to grow. When a new crypto-currency is created, in many cases a new mining algorithm is created. With all that said, with the DAO, it will be possible for nicehash zcash mining calculator what is zencash used for to vote on a change in the algorithm. As the cycle has peaked and starts to decline, this is a good time to start investing in mining facilities and other infrastructure, brush up on trading skills, count your winnings, and take some vacation. The total hashrate is higher per device, but the total pool of hashrate in the Equihash 'ecosystem' went up to match, and I'd hazard a guess that the total number of individual people running those machines went. No Spam. And there are also lots of big GPU mining farms out there as. There were representatives from both Innosilicon and Bitmain there, they talked with lots of people, and sat in on any open discussions regarding mining algorithms. As for their features, there a medium sized pool, with a current estimate of finding 2 blocks per day. You can also measure total power consumption for your computer using special software, or a kilowatt meter. Can you tell me more? What do you think is the long term trajectory for ASIC manufacturing? Horizen has changed the new coin issuance distribution several times why gpu helps with crypto mining bitcoin chain split satisfy the needs of different stakeholders. Posted by Zach Hildreth I am a developer who programs ethereum dual mining software withdraw bitcoin to payza, games, software and is knowledgeable about cyber security. Not really sure why that is. The actions the Horizen team takes to make the project better affect what goes in the mining equipment market. That might be a difficult offer to pass up. Unless they buy second hand miners. That algorithm is mutable, but that mutability needs human effort. Notify me of follow-up comments by email.
The information you presented on your youtube channel is very clear and concise. The people who run mining businesses at some point have to start selling their mining proceeds to pay the bills, and to buy new equipment as the existing equipment becomes obsolete. The goal of decentralization is to enable resilience and preventing the capture of the project by regulators, government, criminal organizations, large corporations, or a small group of individuals. Looking at a chart of mining difficulty over time shows when it was time for GPU miners to move to mining other cryptocurrencies. Lower priority software development, going to trade shows, and paying for business partnerships like exchanges and applications have all been completely stopped. Just a friendly reminder to keep it civil, on topic, and keep asking great questions! Hell I run away from a project when I see them selling nodes. Just about every cryptocurrency is going to have a sharp price rise at some point, whether through institutional investor interest or by being the target of a pump-and-dump operation. One point of view is to get a VPN service up and running right away as a supplementary application for supernodes to run to get experience in the VPN business, then transition it to a sidechain app later, kind of like what we are planning on doing with supernode tracking and payment system. That it can't find a product market fit or a use case or that it's technology simply is a solution looking for a problem. Can you tell me more?
For a given mining algorithm, there is definitely a technology progression. I am sure there are many projects that would love the support of your GPU rigs now that they are no longer profitable on Equihash. Will the process antminer s7 rig sale bitpico lie abotu hashrate more decentralized over time? I guess there are some anecdotes that can be interesting for miners. Are you looking into increasing the payouts for node operators as well? Your youtube channel was a great help to me to get into the cryto-currency space. Actions to Take During the Cycle As the cycle starts to rise from the bottom, this is a good time to buy mining hardware - it will be inexpensive. Miners who were there for the early mining and growth of the project played a large part in securing the network, evangelizing to new community members, and helping to create liquidity on new exchanges. During the lower half of the cycle Horizen has reduced the team to the essentials, and worked to build a base of users, relationships with investors, exchanges, and merchants, and continue to develop the higher priority software projects.
For a given mining algorithm, there is definitely a technology progression. No Spam, ever. This integration is maybe slow since BlockDAG requires a full code rewrite, but it will be the solution for this problem, so all in all Team never stopped with their efforts to bring back GPU's and even CPU's and solo mining in the game. Just want to drop by to say thank you. Did they approach you or did you approach them? I guess there are some anecdotes that can be interesting for miners. This means mining promising new cryptocurrencies with GPU miners, holding them as the price rises, and being ready to sell a significant portion in the first year. I'll be checking the post and answering questions actively from 28 Feb to 6 Mar - Rolf. I believe GPU, Asic and other techniques will all be necessary in the end. Want to join?