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kncminer-titan-scrypt-asic-miner

The KnCminer Titan Scrypt ASIC is still probably the fastest and most power efficient miner for Scrypt coins out there, but at the same time it is also one of the most problematic one to use and run. There are hardware issues resulting in dying cores and problems with the DCDC power modules, the software is also far from perfect, even though there are modifications over the last official firmware such as GenTarkin’s Custom KNC Titan Scrypt ASIC Firmware, there is still more to be desired. One of the things that is quite annoying is that the Load Balance pool strategy in the official Firmware 2.0 for the Titan is not working, so you are essentially left only with the Failover option.

Even if you run just one Titan cube you are still getting quite significant hashrate and while this is fine if you are mining for high-difficulty coins such as Litecoin for example, it is not for low difficulty coins that may have just a couple of MHS total network hashrate. Throwing your full KnC Titan hashrate at a coin with low difficulty and total network hashrate will simply increase the difficulty in very short period of time (depending on the difficulty adjustment algorithm of the coin) making it pointless to be mined. What you would want to have for low difficulty Scrypt crypto coins is to be able to split your Titan hashrate between multiple cons on a single multipool or between multiple mining pools in order to maximize your mining profit without bumping the difficulty to a level making it unprofitable for a given coin to be mined.

gentarkin-balance-pool-strategy

GenTarkin’s custom firmware has implemented support for the alternative Balance strategy in the web interface, though it is essentially something supported by the bfgminer as an alternative to the Load Balance pool strategy. Considering that the Load Balance strategy is not working properly and you cannot dedicate lets say 10% to one coin, 30% for another and the remaining 60% to a third one, you might at least try the equal spreading of hshrate that the Balance strategy should provide. The Balance strategy should split the hashrate in equal parts between the multiple defined pools, so if you have 4 pools the total KnC Titan hashrate should be equally split between them with about 25% for each. The Balance pool strategy works just fine not only on the custom GenTarkin firmware, but also on the stock Titan 2.0 firmware as both rely on the bfgminer 5.1.0 and the miner provides the actual functionality, you just need to configure it.

{
"pools": [
{
"url": "hash-to-coins.com:4444",
"user": "titan.1",
"pass": "d=512"
},
{
"url": "hash-to-coins.com:4444",
"user": "titan.2",
"pass": "d=512"
},
{
"url": "hash-to-coins.com:4444",
"user": "titan.3",
"pass": "d=512"
},
{
"url": "hash-to-coins.com:4444",
"user": "titan.4",
"pass": "d=512"
}
],
"scrypt-n": 10,
"balance": true
}

With the stock firmware you will have to go to the Manual edit mode and edit the pool configuration file by hand, what you need to essentially do is add the option "balance": true at the end of the configuration file to tell bfgminer to use the Balance pool strategy. Above is an example configuration file with four different coins and Balance pool strategy that should equally split the total hashrate to about 25% for each of the coins. GenTakin’s latest custom firmware adds support for the Balance strategy in the Normal edit mode as well, making it a bit easier for users, but the end result is the same. As we have said already, the Balance pool strategy will work just fine with the latest official Titan 2.0 firmware, so you can try it even without a modified firmware. However custom firmwares such as GenTarkin’s add a lot of other and more useful features than just making some of the things that do not work properly in the official firmware more user friendly.

whattomine-x11-asic

The iBeLink DM384M X11 ASIC miner is actually advertised as a DASH ASIC miner with DASH (previously known as DarkCoin) being the most popular and widely used X11 altcoin, is also currently rated as number 6 in terms of Market Capitalization. The ASIC miner can be used for any coin using a regular X11 algorithm for mining and in fact mining DASH with it is not the most profitable and anyone who purchases a new ASIC miner know that the first thing he needs to do is to ROI first in the fastest possible way and then can choose what to mine based on subjective preferences for example. So if you just got the 384 MHS X11 ASIC miner iBeLink DM384M you would probably want to head on to NiceHash and sell your hashrate to anyone willing to buy it as it will get you a few times more profit than directly mining for DASH at the moment according to the What to Mine service. The reason is simple, there are many new altcoins popping up all the time that use X11 algorithm and people are renting hashrate to mine them and with the increased demand for hashrate you might earn much more than mining for a more established coin such as DASH.

ibelink-x11-nicehash-hashrate

Here is how the average hashrate looks like when selling your X11 hashrate with the iBeLink DM384M X11 ASIC miner on NiceHash with the graph covering more than half a day. The average hashrate reported poolside is about 392 MHS with an average pay rate of about 0.5 BTC per Gigahash per Day. As mentioned earlier today you should update to cgminer 3.5.6 for the iBeLink machine in order to get the software that supports NiceHash’s extranonce in order to minimize stale shares and maximize profit. If the above trend continues for 24 hours this would mean an actual daily profit for the iBeLin X11 ASIC miner of about 0.2 BTC at the moment and that is pretty good when you are looking to get the fastest ROI time. Have in mind though that the profitability of X11 at NiceHash may vary more that if mining for any given more established X11 crypto currency with a stable exchange rate. There is always the possibility of jumping at the right time to the right new coin and making even better profit thanks to the high hashrate that the ASIC miner provides, but the risk is also higher and you may actually make less in the end this way.

For more details on how to sell your hashrate using the NiceHash service…

sfards-sf100-miner

The SF100 Dual-Miner ASICs from SFARDS are expected to start arriving in mid-August 2015 to the most eager miners that have ordered some fromt he first batch of devices, or at least that is what the manufacturer is claiming on their website. The SF100 BTC and LTC Dual Miner has been listed briefly on the official SFARDS website with a price of 8000 RMB (about 1288 USD) last month and is since labeled as Out of Stock. This price however seems to be for larger quantities, some other websites have since listed single units of the SFARDS SF100 miners for pre-order and their prices are for example $1699 USD on AliExpress, ~$1700 USD on Asic Trade and $1999.99 USD on ZoomHash or with other words significantly higher than what was listed on the official website. Note that these prices are for the ASIC miner only and you need to add the shipping cost, extra import taxes and then you would also need at least good 1KW power supply for the miner, so the total price will easy go over $2000 USD. Even if these prices are higher because of the limited number of available units in the first batch they are way too expensive to consider them as a good investment with the current market conditions. Not to mention that we are yet to see if the miners will be able to perform as promised by the manufacturers in terms of performance for both mining SHA256 and Scrypt algorithms separately and at the same time. Another thing that may not be very much in favor of the late availability of the SF100 miners is the expected Litecoin Block Reward Halving from 50 to 25 coins by the end of August…


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