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The controversy surrounding the release of a number of CryptoNight ASIC miners from various manufacturers and the upcoming fork of Monero (XMR) and some other crypto coins to a new ASIC-proof CryptoNightV7 algorithm continues. NiceHash has recently announced that they will continue to support both the old CryptoNight as well as the new CryptoNightV7 algorithms. The service should add support for the new V7 algorithm by the end of the month, probably before the Monero fork planned to happen later this month. Furthermore a new NiceHash Miner that will bring support for the CryptoNightV7 algorithm should also be available soon, so while the updated POW algorithm will be ASIC-proof you would still be able to rent a lot of GPU hashpower apparently.
Other crypto coins that are using the same cryptoNight proof of work mining algorithm are expected to follow suit and also fork to the new ASIC-proof version of CryptoNight, though it would most likely take them some extra time. There are some coins that have already announced their plans to do a hard fork and follow in the footsteps of Monero (XMR), others are still considering and of course there will be some for sure that will remain on the old algorithm that can be mined using the upcoming wave of CryptoNight ASIc miners. Still going for a CryptoNight ASIC miner at the moment is considered very risky and will most likely cost you much more that you would be able to mine back, though there are no guarantees.
– To keep track of the time left until Monero (XMR) hard forks to the new CryptoNightV7…
It has been a while since we have last CPU mined a crypto coin that only has a CPU miner and not a GPU or ASIC and uses a new crypto algorithm, it has been a while since we have used the cpuminer-opt as well. So why not get back to it and put some stress on your processor for mining using the latest cpuminer-opt 3.8.4 (download) and mine WAVI coins (Bitcointalk announcement) that use the new yescryptr32 algorithm.
If you are interested in what kind of performance you can expect mining this algorithm with a CPU, here is a reference for you. An Intel Core i7 6850K (6-cores at 3.6 GHz + HT) does around 635 H/s in the yescryptr32 algorithm without overclock of the processor. A processor like the commonly used Intel Celeron G1840 (Dual Core at 2.8 GHz) manages to get around 110 H/s in terms of hashrate when mining yescryptr32. If you try mining WAVI coins with a different processor feel free to share your performance results in the comments below…
If you thought that recently announced Baikal Giant-N Cryptonight ASIC miner is powerful and is going to kill the Cryptonight GPU mining you might want to reconsider. Bitmain has just announced their response in the form of the Antminer X3 Cryptonight ASIC miner and it is much more powerful than what Baikal Miner is offering. The Bitmain Antminer X3 promises 220 KH/s hashrate for Cryptonight at 550 Watts of power usage, so 11 times more powerful than the Giant-N at roughly 2 times higher price and shipping the second part of May. By the time these devices start shipping Monero (XMR) will most likely not be mineable anymore with Cryptonight ASIC miners along with some other coins that have announced plans to fork in order to remain ASIC resistant, so all the extra hashpower will need to go somewhere else.
At a price of $11999 USD per device and limited to just 1 unit per order Bitmain is accepting only BCH and USD payments for the miners. The second batch of Antminer X3 is planned to start shipping a month later, so in the second part of June with a significantly lower price of $7599 USD, though who knows how many Cryptonight coins might fork to ASIC resistant implementation by then. Just to be on the safe side be careful with the Cryptonight ASICs from Baikal and form Bitmain in order not to end up with a piece of useless hardware that can hardly mine anything profitable, even with its very high performance.
– For more information about the upcoming Bitmain Antminer X3 Cryptonight ASIC miner….