02/23/2018 Stream Notes
Who Is The Crypto Winter Survivor
- On Feb. 14, California-headquartered gaming and computer hardware manufacturer Nvidia reported full-year revenue gains in 2018, despite being one of the companies worst hit by the cryptocurrency market dip. The firm’s main products include graphics processing units (GPU), among others, which became widely purchased by miners during the crypto boom of 2017 — as a result, the firm’s revenue started to correlate with the crypto market condition.
- 2017: Nvidia enjoys the crypto boom, becomes substantial part of the market
- First half of 2018: Crypto market plunges, Nvidia GPUs decline in price
- Second half of 2018: ASIC’s takeover, Nvidia experiences “crypto hangover”
- 2019: Weak sales are likely to continue. However, the company will carry on regardless of crypto
NiceHash Has Added Support for the MTP Algorithm
- A new addition of algorithms by the NiceHash platform, ZCoin’s MTP algorithm.
- MTP on NiceHash is only possible on Nvidia with their latest NiceHash Miner Legacy 220.127.116.11
- Furthermore the ccminer mtp fork for NiceHash that is included in the latest NiceHash Miner Legacy does not seem to be very stable and reliable. Our initial results with it are not very good as if it starts properly on a system with GTX 1080 Ti it works fine for a couple of minutes and then starts returning errors…
Bitmain Reveals A $500 Million Loss In Q3
- Bitcoin (BTC) mining giant Bitmain could have made losses of around $500 million in Q3 last year.
- If the information is correct, the assumption is that Q3 cost Bitmain $500 million in losses, corroborating a widely-held theory that the accelerating Bitcoin bear market late last year took a serious toll on the mining sector.
- At the same time, Bitmain had revealed several contractions of its global operations along with cuts to staff numbers. The company also released its new Bitcoin mining hardware chip this week.
Bitmain Has A New 7nm Bitcoin Mining Chip With 29% More Efficiency
- Bitmain has just announced its next generation 7nm ASIC chip called BM1397 that is apparently capable of great performance and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH), that use the SHA256 algorithm for their Proof of Work (PoW).
- The new BM1397 ASIC chip requires lower power and can offer an energy consumption to computing ratio as low as 30J/TH or with other words almost 30 percent improvement in power efficiency compared to their previous 7nm chip BM1391 that is already found in the company’s latest SHA256 ASIC miners.
- The new BM1397 ASIC chip is made using TSMC’s 7nm FinFET manufacturing process and it is expected to be featured in the upcoming Antminer models named the S17 and T17 that will be announced by Bitmain at a later date.
- There are no detailed specifications available for the moment, however ~30% better power efficiency could mean up to about 30% higher performance for the same power as the currently available AntMiner S15 and S17 ASICs that sue the first generation of 7nm chips form Bitmain. It is not all about performance however…
NEW TOYS TO PLAY WITH
- Asus 1660 Ti Rog Strix (Nemesist)
- Has a cool feature, that changes bios settings
- Mem: 12002 mh/z
- Ram: 6gb
- Core: 1536
- Boost/Base Clock: 1860 mh/z(boost) 1500(base)
- OC Mode: 1890 mh/z(boost) 1530(base)
- Power: 150W - x1 8pin
- Msi 1660 Ti Gaming X (CryptoMykel)
- No bios switch or overclocked memory availible
- With manual overclocking, maximum overclock of our sample is 1900 MHz on the memory (27% overclock) and +140 MHz to the GPU's base clock, which increases average GPU clock from 1950 MHz to 2045 MHz (5% overclock).
- Mem: 6600 mh/z
- Ram: 6gb
- Core: 1536
- Boost/Base Clock: 1875 mh/z(boost) 1500(base)
- Power: 130W - x1 8pin
Orca Mining Pool Is Here To Protect Altcoins From Shark Pool
- Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks
- All altcoins, including forks and splits, are acts of war against Bitcoin and are going to be treated as such,” explained Shark Pool when they launched.Even after the BCH fork, the Shark Pool organization had continued to announce threats toward certain coins they planned on ambushing.
- Three days after the split, Shark Pool warned community members of projects like bitcoin gold (BTG), bitcoin interest (BCI), bitcoin diamond (BCD) and bitcoin private (BTCP). Some people also accused Shark Pool of attacking the BCH testnet at this time as well. Just before the new year, the pool explained that 2019 would be the “Year of the Shark” and the organization emphasized that it still had its sights set on BTCP’s mainnet. “Exchanges will require 1,500+ confirms for BTCP, devastating for a cryptocurrency,” Shark Pool detailed on Dec. 23, 2018.
- Orca Pool’s tweet leads to a website which explains that miners can sign up for early registration to join the pool’s resources. The website details that the Orca, otherwise known as the killer whale, is a predator of the shark. The mining organization’s website Orcapool.cash says the group believes miners should defend blockchain censorship and the site explains in detail why they started the group.
- “All Altcoins, including forks and splits, should compete in the free market — Predatory pools have emerged that wish to interfere with this process by illegally attacking blockchains with hashpower,” it reads. “Orca Pool miners will exclusively mine chains needing defense from attackers, and sell the rewards for bitcoin.”
The Forkening Continues - ZClassic 2
- At a pre-defined blockheight 476969 (which we estimate should occur around 9pm 24th Feb UTC) the network upgrade, named sapling, will activate.
- We’re reaching out to everyone who is running a full-node to upgrade to the latest release 2.0.3 which can be found at the GitHub repo.
- Bittrex is fully supportive of this update and has already upgraded to the version given in the link above, in preparation for the switch to sapling.
- Zcash have disclosed a vulnerability that has the potential to allow someone (with the appropriate knowledge) to effectively create unlimited coins .
- It’s imperative that such a vulnerability is removed from ZClassic as soon as possible and ensure that any possibility to act maliciously in response to such a disclosure is nullified.