4 ms·

This uses the CPU, not the GPU. At current prices (depending on electricity price) it is more efficient to mine Monero than buy it outright, especially off an

This uses the CPU, not the GPU. At current prices (depending on electricity price) it is more efficient to mine Monero than buy it outright, especially off an exchange (which incurs tx and trading costs).

corford 9y ago
Are you sure? If I'm reading this correctly https://whattomine.com/coins?utf8=%E2%9C%93&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=0&adapt_480=true&adapt_q_570=0&adapt_q_580=0&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_q_1080=0&adapt_q_1080Ti=1&eth=true&factor%5Beth_hr%5D=0.0&factor%5Beth_p%5D=0.0&grof=true&factor%5Bgro_hr%5D=0.0&factor%5Bgro_p%5D=0.0&x11gf=true&factor%5Bx11g_hr%5D=0.0&factor%5Bx11g_p%5D=0.0&cn=true&factor%5Bcn_hr%5D=0.0&factor%5Bcn_p%5D=0.0&eq=true&factor%5Beq_hr%5D=0.0&factor%5Beq_p%5D=0.0&lre=true&factor%5Blrev2_hr%5D=0.0&factor%5Blrev2_p%5D=0.0&ns=true&factor%5Bns_hr%5D=0.0&factor%5Bns_p%5D=0.0&lbry=true&factor%5Blbry_hr%5D=0.0&factor%5Blbry_p%5D=0.0&bk2bf=true&factor%5Bbk2b_hr%5D=0.0&factor%5Bbk2b_p%5D=0.0&bk14=true&factor%5Bbk14_hr%5D=0.0&factor%5Bbk14_p%5D=0.0&pas=true&factor%5Bpas_hr%5D=0.0&factor%5Bpas_p%5D=0.0&skh=true&factor%5Bskh_hr%5D=0.0&factor%5Bskh_p%5D=0.0&factor%5Bl2z_hr%5D=420.0&factor%5Bl2z_p%5D=300.0&factor%5Bcost%5D=0.1&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=abucoins&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=bleutrade&factor%5Bexchanges%5D%5B%5D=c_cex&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=&commit=Calculate https://whattomine.com/coins?utf8=%E2%9C%93&adapt_q_280x=0&a... A 1080Ti will mine 0.0396XMR every 24hours (yielding $4.71 at current prices). Presumably a CPU will fare significantly worse? Exchange fees and tx costs are negligible (especially compared to the variation in elec prices depending on where you live). Edit: as I understand it there's really no such thing as an ASIC resistant coin. Rather there's just an understanding that if ASICs get produced for XMR/VTC the devs will change the algorithm and fork the coin. If that's the case, surely these PoW coins are still susceptible to needing more and more hash power for a return as difficulty goes up (though perhaps less aggressively/rapidly compared to BTC?)?
- dfox 9y ago
  For both CryptoNight (XMR) and DaggerHashimoto (ETH) you don't need that much computing power but fast RAM. CryptoNight needs relatively small amount of insanely fast memory (eg. CPU L2/L3 cache), while DaggerHashimoto requires large precomputed dataset for mining (stored in GPU's RAM) which is designed such that it is not necessary to verify single hash. The overreaching idea is that the price of hypothetical ASIC miner is more dependent on RAM prices than on random-logic prices.
  - corford 9y ago
    Didn't know that. Super interesting, thanks.

corford 9y ago

Are you sure? If I'm reading this correctly https://whattomine.com/coins?utf8=%E2%9C%93&adapt_q_280x=0&adapt_q_380=0&adapt_q_fury=0&adapt_q_470=0&adapt_q_480=0&adapt_480=true&adapt_q_570=0&adapt_q_580=0&adapt_q_750Ti=0&adapt_q_1050Ti=0&adapt_q_10606=0&adapt_q_1070=0&adapt_q_1080=0&adapt_q_1080Ti=1&eth=true&factor%5Beth_hr%5D=0.0&factor%5Beth_p%5D=0.0&grof=true&factor%5Bgro_hr%5D=0.0&factor%5Bgro_p%5D=0.0&x11gf=true&factor%5Bx11g_hr%5D=0.0&factor%5Bx11g_p%5D=0.0&cn=true&factor%5Bcn_hr%5D=0.0&factor%5Bcn_p%5D=0.0&eq=true&factor%5Beq_hr%5D=0.0&factor%5Beq_p%5D=0.0&lre=true&factor%5Blrev2_hr%5D=0.0&factor%5Blrev2_p%5D=0.0&ns=true&factor%5Bns_hr%5D=0.0&factor%5Bns_p%5D=0.0&lbry=true&factor%5Blbry_hr%5D=0.0&factor%5Blbry_p%5D=0.0&bk2bf=true&factor%5Bbk2b_hr%5D=0.0&factor%5Bbk2b_p%5D=0.0&bk14=true&factor%5Bbk14_hr%5D=0.0&factor%5Bbk14_p%5D=0.0&pas=true&factor%5Bpas_hr%5D=0.0&factor%5Bpas_p%5D=0.0&skh=true&factor%5Bskh_hr%5D=0.0&factor%5Bskh_p%5D=0.0&factor%5Bl2z_hr%5D=420.0&factor%5Bl2z_p%5D=300.0&factor%5Bcost%5D=0.1&sort=Profitability24&volume=0&revenue=24h&factor%5Bexchanges%5D%5B%5D=&factor%5Bexchanges%5D%5B%5D=abucoins&factor%5Bexchanges%5D%5B%5D=bitfinex&factor%5Bexchanges%5D%5B%5D=bittrex&factor%5Bexchanges%5D%5B%5D=bleutrade&factor%5Bexchanges%5D%5B%5D=c_cex&factor%5Bexchanges%5D%5B%5D=cryptopia&factor%5Bexchanges%5D%5B%5D=hitbtc&factor%5Bexchanges%5D%5B%5D=poloniex&factor%5Bexchanges%5D%5B%5D=yobit&dataset=&commit=Calculate https://whattomine.com/coins?utf8=%E2%9C%93&adapt_q_280x=0&a... A 1080Ti will mine 0.0396XMR every 24hours (yielding $4.71 at current prices). Presumably a CPU will fare significantly worse? Exchange fees and tx costs are negligible (especially compared to the variation in elec prices depending on where you live). Edit: as I understand it there's really no such thing as an ASIC resistant coin. Rather there's just an understanding that if ASICs get produced for XMR/VTC the devs will change the algorithm and fork the coin. If that's the case, surely these PoW coins are still susceptible to needing more and more hash power for a return as difficulty goes up (though perhaps less aggressively/rapidly compared to BTC?)?

dfox 9y ago
For both CryptoNight (XMR) and DaggerHashimoto (ETH) you don't need that much computing power but fast RAM. CryptoNight needs relatively small amount of insanely fast memory (eg. CPU L2/L3 cache), while DaggerHashimoto requires large precomputed dataset for mining (stored in GPU's RAM) which is designed such that it is not necessary to verify single hash. The overreaching idea is that the price of hypothetical ASIC miner is more dependent on RAM prices than on random-logic prices.
- corford 9y ago
  Didn't know that. Super interesting, thanks.