GPU Miners are here... if rumors are to be believed!

GotExams · November 23, 2013, 01:07:32 AM

Maybe the wanna milk the cow before they release it. I would've done that lol.

bytemaster · November 22, 2013, 09:58:08 PM

Quote from: super3 on November 22, 2013, 09:38:27 PM
Quote from: bytemaster on November 22, 2013, 04:47:22 PM
My sources report that a GPU miner has been found in the wild and will soon make an appearance in a new pool. I thought I would start a thread to discuss the implications. According to my sources a mid-range GPU is able to crank out about 500 HPM which is in line with high end CPUs.

I find this result very encouraging because the midrange GPU is only 3 to 4x faster than the mid range CPU and about on par with the high-end CPU mining we have seen.

A new pool will be forming that will compete with y pool which will be good for the community. Now that you all know it is possible I suggest that someone move quickly to compete before this GPU miner takes over like y pool.
Bottlenecks if I try to CPU and GPU mine at the same time?

I don't know. I do not know the individual who has this algorithm or whether they intend to open source it.

super3 · November 22, 2013, 09:38:27 PM

Quote from: bytemaster on November 22, 2013, 04:47:22 PM
My sources report that a GPU miner has been found in the wild and will soon make an appearance in a new pool. I thought I would start a thread to discuss the implications. According to my sources a mid-range GPU is able to crank out about 500 HPM which is in line with high end CPUs.

I find this result very encouraging because the midrange GPU is only 3 to 4x faster than the mid range CPU and about on par with the high-end CPU mining we have seen.

A new pool will be forming that will compete with y pool which will be good for the community. Now that you all know it is possible I suggest that someone move quickly to compete before this GPU miner takes over like y pool.

Bottlenecks if I try to CPU and GPU mine at the same time?

xhor · November 22, 2013, 09:30:57 PM

Quote from: super3 on November 22, 2013, 09:28:44 PM
Aw. Now I wish I had some GPU boxes.

And I wish I had a GPU miner 8)

super3 · November 22, 2013, 09:28:44 PM

Aw. Now I wish I had some GPU boxes.

smokim11 · November 22, 2013, 09:08:00 PM

Quote from: grubles on November 22, 2013, 08:41:49 PM
Tell your sources to open source the gpu miner for the good of all of us currently mining. Thanks.

I just shutdown my CPU mining operation. Will wait for the GPU miner if there is really one.

grubles · November 22, 2013, 08:41:49 PM

Tell your sources to open source the gpu miner for the good of all of us currently mining. Thanks.

Amazon · November 22, 2013, 08:34:35 PM

Quote from: crendore on November 22, 2013, 08:02:15 PM
Does this mean someone won the $5000 prize for proving you wrong?

It is already paid http://bitsharestalk.org/index.php?topic=22.0

crendore · November 22, 2013, 08:02:15 PM

Does this mean someone won the $5000 prize for proving you wrong?

GotExams · November 22, 2013, 07:26:52 PM

Quote from: phoenix on November 22, 2013, 07:21:38 PM
Quote from: GotExams on November 22, 2013, 06:20:19 PM
Quote from: Sy on November 22, 2013, 06:15:58 PM
Quote from: bytemaster on November 22, 2013, 05:41:42 PM
Difficulty is still increasing and rewards falling. The next million will take a lot longer to mine.

True but diff time has ben undercut by factor 4 so far so we are done in roughly 6-8 month if this continues ^^

So? That should be positive. It is just like Monopoly, the game. When all resources are taken out there will be higher bids on the resources. It is only positive, imo.

But once a coin is all mined out, the only incentive to mine is for the transaction fees, which won't provide anywhere near as much income for miners as blocks do

Then we would need to create a DAC for keeping transactions up. Simple as that.

phoenix · November 22, 2013, 07:21:38 PM

Quote from: GotExams on November 22, 2013, 06:20:19 PM
Quote from: Sy on November 22, 2013, 06:15:58 PM
Quote from: bytemaster on November 22, 2013, 05:41:42 PM
Difficulty is still increasing and rewards falling. The next million will take a lot longer to mine.

True but diff time has ben undercut by factor 4 so far so we are done in roughly 6-8 month if this continues ^^

So? That should be positive. It is just like Monopoly, the game. When all resources are taken out there will be higher bids on the resources. It is only positive, imo.

But once a coin is all mined out, the only incentive to mine is for the transaction fees, which won't provide anywhere near as much income for miners as blocks do

GotExams · November 22, 2013, 06:20:19 PM

Quote from: Sy on November 22, 2013, 06:15:58 PM
Quote from: bytemaster on November 22, 2013, 05:41:42 PM
Difficulty is still increasing and rewards falling. The next million will take a lot longer to mine.

True but diff time has ben undercut by factor 4 so far so we are done in roughly 6-8 month if this continues ^^

So? That should be positive. It is just like Monopoly, the game. When all resources are taken out there will be higher bids on the resources. It is only positive, imo.

Sy · November 22, 2013, 06:15:58 PM

Quote from: bytemaster on November 22, 2013, 05:41:42 PM
Difficulty is still increasing and rewards falling. The next million will take a lot longer to mine.

True but diff time has ben undercut by factor 4 so far so we are done in roughly 6-8 month if this continues ^^

bytemaster · November 22, 2013, 05:41:42 PM

Difficulty is still increasing and rewards falling. The next million will take a lot longer to mine.

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smokim11 · November 22, 2013, 05:22:09 PM

If there is a gpu miner, PTS will be mined super fast way before the 2 years are reached and there's only 2 million PTS.