monero – Mineshop.ae https://mineshop.ae Cryptocurrency Mining Hardware Wed, 10 Apr 2024 11:09:01 +0000 en-GB hourly 1 https://wordpress.org/?v=6.5.5 https://mineshop.ae/wp-content/uploads/2021/12/cropped-ms-icon-310x310-1-32x32.png monero – Mineshop.ae https://mineshop.ae 32 32 Experiment buying 10 alt-coins to generate more Bitcoin in 2020. https://mineshop.ae/experiment-buying-10-alt-coins-to-generate-more-bitcoin-in-2020/ https://mineshop.ae/experiment-buying-10-alt-coins-to-generate-more-bitcoin-in-2020/#respond Tue, 14 Jan 2020 16:11:11 +0000 https://mineshop.ae/?p=4961 Finally i have made a decision to do this experiment generating more Bitcoins by buying shitcoins . About which i was talking on my video on YouTube in march 2019. So basically my plan was to buy some alt-coins with Bitcoin and in that way generate more Bitcoins. I have made this decision because most […]

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Finally i have made a decision to do this experiment generating more Bitcoins by buying shitcoins . About which i was talking on my video on YouTube in march 2019. So basically my plan was to buy some alt-coins with Bitcoin and in that way generate more Bitcoins. I have made this decision because most of the alt-coins has reached lowest points against BTC in my opinion. And proving by history they usually bounce of it. Another big reason is that Bitcoin halving is due in May 2020. This could spike up Bitcoin price and alt-coins could possible dragged with it. I cannot guarantee i will succeed but i will do an update every month or quarter on YouTube channel how am im doing with this chosen portfolio. I have a good feeling i will succeed, as i am not Bitcoin maximal and shit-coin minimalist. I am quite good at recognizing innovation. Few of my purchased coins potentially could do much better then Bitcoin price in nearest future.

So the plan is to spend 2 BTC and buy 10 alt-coins. 0.2 Bitcoin each alt-coin. I am using binance to purchase these coins and i will add them in my portfolio tracker https://www.cryptocompare.com/portfolio/ . This place is very nice where to track your crypto portfolio from desktop. I do believe 99% alt-coins are scam and will fail in future, but there also will be some who will survive. The reason i think im going to succeed is not only that these projects are useful. But i only need 1 alt-coin to do 10x in bull market against btc and the rest can fail to brake even.

My top 10 alt-coins purchased and the reasons behind it :

  • Ethereum – By dapp platform stats Ethereum is winning every other gen2-gen3 blockchains which are Tron,Eos etc in every aspect. Built Dapps, new users,existing users,volume and so on. Users and developers are the main key for s block-chain project to succeed. Ethereum has issues yes, there is not much room to grow. But there is constant development going on to increase platforms usability. Another thing is DeFi (decentralized finance) which got very popular in 2019 . Which basically brings banking to block-chain. This new turn on Ethereum is gaining momentum and growing every day. This will be huge in my opinion in 2020.

  • Chainlink – Chainlink is something unique. Currently Block-chains smart contracts cannot record data on them from outside world, they can do only on chain data. Which is timestamps,block numbers, transaction value. On their own they cannot listen to outside world which is called of chain data. But Chainlink fixes this issue, feeding this information trough decentralized oracles to smart contracts. It really made this utility token very popular in 2019, because of their massive partnership with google cloud. And on top of that they already have working product and it is been used by numerous crypto projects. It currently is looking the biggest contender to fix this issue what block chains has.

  • Basic attention token ( BAT) – is solving Advertisers and Content creators as myself problem ,what we have currently. For example Google collects about 40-50% add revenue from YouTube adds. Basic attention token ( BAT) solves this issue with their Brave browser. Brave browser allows you to tip your favorite content creators and block companies which collects your privacy data. So how does it work , Advertiser purchases advertisement with BAT tokens which goes to users and content creators. You actually are getting paid to watch adds. So it disables the middle man like google in this case who is taking 50% cut. Technically if Brave browser platform grows, price should increase.
  • Monero – Monero is a privacy coin. I do believe that privacy coins will be very demanded in future. As block-chains are getting bigger and bigger adoption, eventually governments will crack down on them. And will develop software which will allow them to trace and get user privacy data. This could happen already this year, as recent statements from EU leaders are they need more regulation on Crypto and block-chain. Monero is one of the oldest privacy coin out there. And these events around possibly could spike up Monero price. I don’t want to hype it to much, but privacy was one of the main feature why Bitcoin was invented.
  • Neo – neo is 3rd generation blockchain similar as Ethereum. Neo comes out of China, which is one of the main reasons why im choosing this smart contract platform. Recent statement from Chinese president Xi Jinping that they have to adopt block-chain technology  in their country. This statement made me very bullish on NEO. 3rd generation block-chain platforms really will kick of in 2020, just because the possibilities can be developed on them. I don’t really think yet we have figured out what can be deployed on these platforms. We can see that as time goes by, new things are been figured out like DeFi, games, fundraising and many more. Also the price on NEO has drooped about 20x since all time high. And recent volume has been growing on NEO platform. So fingers cross, Neo going to bring us honey.
  • Cosmos (ATOM)
  • IOTA (MIOTA)
  • Synthetix (SNX)
  • Tezos (XTZ)
  • Cardano (ADA)

I have gone trough these projects social media channels and looked how active is the community. GitHub, is there any active development on their platform. Also is there any fundamentals and working product behind it. These are the main reasons i have picked these coins for my challenge. This is not any financial advice, i’m just looking to do a challenge/research. Is this a way to increase bitcoin in bull market by buying alt-coins. I’m playing this safe and choosing the coins from top 50 in coin-market cup. Because i do believe if coin is valuable it should at-least have some value in bear market.

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AMD Ryzen 9 3900x RandomX mining benchmarks https://mineshop.ae/amd-ryzen-9-3900x-randomx-mining-benchmarks/ https://mineshop.ae/amd-ryzen-9-3900x-randomx-mining-benchmarks/#respond Fri, 22 Nov 2019 11:03:22 +0000 https://mineshop.ae/?p=4882 Monero is one of the oldest and most reliable anonymity – untraceable crypto currency. Major upgrade for Monero network is expected on 30th November 2019. There will be changed prof of work mining algorithm, to something called RandomX. Current data shows that it will be the most efficient to mine with CPU. AMD latest generation […]

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Monero is one of the oldest and most reliable anonymity – untraceable crypto currency. Major upgrade for Monero network is expected on 30th November 2019.

There will be changed prof of work mining algorithm, to something called RandomX. Current data shows that it will be the most efficient to mine with CPU. AMD latest generation CPUs should be most efficient. Few weeks ago we where testing out most of the Intel CPU, you can read about it here.

After getting our hands on Ryzen 9 3900x and Ryzen 7 3800x , we can approve that it is true. AMD Ryzen series CPUs outperforms Intel i series CPU by a mile mining RandomX.

Test bench setup :

  • Ryzen 9 3900x with stock air cooler
  • 2x Gskill 3000 16gb C15 RAM modules
  • MSI B450 Tomahawk MAX motherboard
  • 1xRX5700 for image
  • Superflower 750w GOLD powersupply

As there are few of the coins switched to RandomX mining algorithm already and one of them is Loki. So on stock settings everything out of the box we where hashing Loki at 11500 h/s. Which is about 5x then in our previous best tests with Intel i7 8700k out of the box 2360 h/s. Power usage from wall is 260w.

So we tried to push little more speed on the Ryzen 9 CPU , by overclocking it in motherboard BIOS. Changes done :

  • OC Explore mode to expert
  • CPU OC ratio to 4100 mhz
  • A-XMP to enabled
  • Precision Boost Overdrive to disabled
  • Play with DRAM timings (lower the values)
  • CPU core voltage to 1.250v
  • Increased Dram voltage 1.300v

This setting got me up to 12650 h/s mining RandomX. I was playing around with different kind of ram stick , and seen significant mining performance decrease with lower performance ram. So i have on the way 4x3600mhz 8gb stick and will do a proper performance test when they arrive.

So the 12650 h/s if you would be available mine monero today would be 3.5 usd , even that it got 10% price drop today. But you know it is not the case, impossible to predict what kind of total network hashrate will be when Randomx launches. As the total network mining structure will change and the current hardware will be unprofitable. Current Monero network hashrate is around 300 mh/s.

Profitability with Ryzen 9 mining Loki which is also RandomX mining algorithm. Daily profitability is 0.70usd

Im eager to see what RandomX mining will bring to Monero mining. What is your thoughts?

Useful benchmark link : https://randomx.monerobenchmarks.info/

 

 

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RandomX Monero new mining algorithm, Intel CPU performance/benchmarks. https://mineshop.ae/randomx-monero-inte-cpu-performance-benchmarks/ https://mineshop.ae/randomx-monero-inte-cpu-performance-benchmarks/#respond Mon, 30 Sep 2019 10:27:28 +0000 https://mineshop.ae/?p=4738 Im very exited about this new Monero mining algorithm switch from Cryptonight V8. I know many people are frustrated and not happy about this, as they have invested ton of money in GPU mining rigs. And this new RandomX mining algorithm will basically make these gpus non efficient for mining Monero. Main features of RandomX […]

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Im very exited about this new Monero mining algorithm switch from Cryptonight V8. I know many people are frustrated and not happy about this, as they have invested ton of money in GPU mining rigs. And this new RandomX mining algorithm will basically make these gpus non efficient for mining Monero. Main features of RandomX is that it will be most efficient to mine with CPUs.

As i really do love mining, im exited from that stand point. What this CPU mining will really bring? What kind of profits to expect? There haven’t been any profitable CPU mine-able coins recently, so my thoughts are, people preparing for this? As i understand that miners doesn’t have a lot of CPUs, so network hashrate could be very low at launch. And low hashrate means big profits. Of course i could be wrong :). Another thing is that if the hashrate of Randomx will be low it doesn’t mean it will stay low.

So i have been starting to test some hardware for RandomX. What i think i will be doing is upgrading my current rigs with high end CPUs. And do dual mining, mine ethereum with graphic cards and monero with CPU for example with the same mining rig. Think this would be the most optimal way, to not spend any more money on new hardware, just the CPU. Only problem i face is that, by benchmark testing https://randomx.monerobenchmarks.info/ . Ryzen latest CPUs seems to be most efficient when it comes down to RandomX mining. But most of my mining rigs are built on Intel boards. I have couple ideas what i think i will implement in my next tutorials.

But in this i want to go trough some Intel CPUs and see what are the benchmarks. The only thing i forgot measure the power usage in mining process. But this is not a big deal, you can look up CPU power usage by its maximum performance. Also in testing i didn’t use any OC on CPUs, all of them are stock. I have been testing these CPU on hiveOS, where you can launch multiple miners simultaneously. And this allows me to easy mine different coins with same hardware from one rig.

  1. Intel Celeron G3900 , it is one of the cheapest CPU what im using for most on my mining rig builds.This CPU retail price is about 40€. Performance/benchmark – 450 h/s. Which is about the same as one RX 570 on new RandomX mining Algorithm.

2. Intel Pentium G4400 , also one of the low end CPU from Intel. This CPU retail price is about 50€.  Performance/benchmark – 725 h/s. Which is equivalent about the same as two RX 570 on new RandomX mining Algorithm.

3. Intel i5 7600. This CPU retail price is about 280€ . Performance/benchmark – 1.63 kh/s. Which is equivalent about the same as two Vega 56 on new RandomX mining Algorithm.

4. Intel i7 8700k. This CPU retail price is about 450€ . Performance/benchmark – 2.36 kh/s. Which is equivalent about the same as 4 Vega 56 on new RandomX mining Algorithm.

 

Some people are claiming Intel i7 8700k overclocked can reach 3.5-4 kh/s. Which is a great performance for one CPU if you are comparing it to Graphic cards. But if you are using lates Ryzen 3800 or 3900 series cpu the performance is even better. Some  Ryzen 9 3900 overclocked reaching 14 big fat kh/s , which is a monster RandomX mining CPU in terms of price per hash and hash per watt. I have Some Ryzen CPUs on the way and will do some testing also, so subscribe it to not miss it.

It will be interesting to see what RandomX will do to Monero hashrate. In my opinion it will be higher as it is in a first week of algorithm switch as the CPU are much more efficient as gpu for it.

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