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    Saturday, June 29, 2019

    GPU Mining AMA with Sinovate, a new GPU friendly coin with new innovations to the space

    GPU Mining AMA with Sinovate, a new GPU friendly coin with new innovations to the space


    AMA with Sinovate, a new GPU friendly coin with new innovations to the space

    Posted: 28 Jun 2019 01:49 PM PDT

    SINOVATE

    What SINOVATE is aiming on Cryptocurrency Market?

    SINOVATE is created for Innovation and it aims to keep bringing never before seen Innovations in the crypto market.

    What is Infinity Nodes, why different from Classical Masternode System? Infinity Nodes are groundbreaking evolved masternodes that solves the inflation problem. Traditional masternodes start with high ROI but with very large inflation and that inflation is what inevitably makes them fail.

    What is IDS, why is it better than cloud storage? And size providers how to get/ earn SIN?

    IDS = Incorruptible Data Storage.

    IDS is a peer-to-peer private networking system, which will permit transactions and storage between miners and Infinity Node owners. Competitors including Sia, Storj, BitTorrent and even IPFS solutions reward individuals for serving and hosting content on their hard drive space, which requires a 24/7 uptime for computers. User hard drives must remain open and the rewards received must justify the costs incurred for leaving computer online.

    In IDS, the private networking of decentralized storage relies solely on the SINOVATE Blockchain, with only node owners receiving rewards as compensation for utilising their hard drive resources to run an Infinity Node. Node owners will get rewards both from the Infinity Nodes and from storing confidential data.

    IDS will have 5 steps of evolution.

    • Step 1. DataSend. Users will be able to send documents and SMS only data between SIN wallets, just like sending their coins up to 1.5 Megabytes (MB). Two sending options will be provided to users, known as legal (256-bit) and illegal (1024-bit or higher). Data being sent in 256-bit will only be accessible by governments for decryption. However, data will still be indestructible for enterprise use. Data being sent in 1024-bit or higher will be impossible to decrypt even for governments, should this option be chosen.
    • Step2. Addition of voice and video data up to 3MB.
    • Step3. Increase space
    • Step4. Increase data storage
    • Step5. Unlimited blockchain based storage for eliminating centralized storage all over the world.

    SINOVATE has 533 tp/s. How are you planning to use this as a use case?

    Scalability is one of the biggest problems in cryptocurrencies. POS only or centralized cryptocurrencies have higher scalability but are not suitable for the original Satoshi plan. Satoshi Nakamoto's dream was everybody to mine their own coins without being centralized so SINOVATE blockchain not only is the most scalable POW cryptocurrency but will also have much more increased scalability in the future. Mass adoption requires high scalability especially when it will be used in real life as a payment means. Are we going to see SINOVATE Payment System in the future?

    SINOVATE payment gateway will be released this year with high scalability and less than 3 seconds transaction times with the help of FlashSend.

    What is SINOVATE aiming with X25X Algorithm?

    SINOVATE formerly SUQA always aimed at the ordinary user starting with the X22i custom algorithm and upgraded to X25X to fight the big hardware companies so everyone can mine their own coin without letting ASIC,FPGA companies dominate the network.

    Algo Comparison Chart

    We are committed to remaining ASIC / FPGA resistant and such use an ever evolving algorithm, the latest variation named X25X launched with the last update. It is protected from difficulty attacks using Dark Gravity Wave v3 and raises the memory requirements compared to X22i bt a factor of five making it harder for ASIC / FPGA to implement.

    What is Komodo dPOW , and when is the plan implementation on SINOVATE?

    dPoW diagram

    KOMODO DPoW is a working and trusted 51 % Attack protection technology to prevent any kind of malicious attacks by the help of notarized data of Bitcoin, KOMODO and SINOVATE chain.

    What is the current status on mobile wallets? We saw a mobile wallet trailer.

    Mobile wallets will be released in July 2019 as a custom good looking wallet tailored to the specific needs of SIN Blockchain

    What is the plan for adoption in real life SINOVATE?

    Our team draws from a large diversity of skills from many areas of business and across many different industries. This allows us to design and hone the experience of interacting with the SINOVATE Blockchain at many levels, from developers, business leaders and operational levels, down to the end-user experience.

    This allows us to develop software and user experiences from the perspective of all involved, ensuring that the end user is the primary focus.

    What is the current financial status on SINOVATE?

    SINOVATE are transparent about the financial status of the foundation and the activity taken with funds. We regularly publish updates and the latest one for June is here.

    What partnerships will there be in the future?

    Besides the Masternodes related partnerships, SINOVATE partnered with KOMODO for the integration of dPoW 51% attack protection, which will be active at the end of July or early August 2019.

    As the foundation's mission is to grow the space for all. We are happy to work with all projects and businesses both by learning from the great work others have undertaken and offering something back to other projects with our open source code.

    With Governance what can it do for the community?

    Decentralized governance is the future of any successful blockchain project, SINOVATE believes that blockchain will be ubiquitous in the underlying infrastructure and services in the future of everyday life. Having fair voting for developments, marketing and innovations of the SINOVATE chain will be very important for everyone.

    Hopefully that covers as an introduction, please fire away below with any questions you might have for us and feel free to join r/sinovate for the latest news!

    submitted by /u/nick_badlands
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    As a new miner.

    Posted: 28 Jun 2019 12:09 PM PDT

    Mining CPU Server PSU and pico psu

    Posted: 28 Jun 2019 09:27 PM PDT

    I want to mine on an ryzen 5 3600 with server psu. I want a way to power motherboard and psu. I was looking at Pico psu since most people recommend it, but I won't be running a celeron and instead a ryzen 5 3600 65w cpu. 150-160w for motherboard, CPU, CPU fan, ram, ssd. Is there any other option for cheap good psu for this task? smaller the better beut mainly cost is factor

    submitted by /u/illum_nti_everywhere
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    NAVI is MADE for mining (theory)

    Posted: 28 Jun 2019 09:11 PM PDT

    I was doing some research on Navi, and I found myself thinking that there is a good chance that Navi will absolutely destroy mining, becoming the next Polaris on the mining hall of fame.

    So, first off lets go to TDP. A HBM based GPU uses only 50PJ/Word while moving around vertices from GPU core to VRAM. regular off die VRAM like GDDR6 640PJ/Word to move that data from GPU core to the memory system. I first thought that Navi wasn't much better than a Vega 14nm GPU since they're so close on TDP. But the fact of the matter is that HBM is drawing down the powering for gaming purposes. That is why when mining my Radeon VII isn't much more efficient vs gaming, the HBM doesn't use much power when the GPU core is drawing vertices. Vertices are a gaming focused technology, they're not in mining scenarios. That is why Polaris can go so low on power once tuned and get nearly same hash rates while mining, it's not drawing vertices from GPU core to VRAM since its not gaming, and GDDR based memory uses very little memory in that scenario. So Navi, RX 5700XT, with 225w TBP/ 180w TDP, has that with GDDR6! So I'm almost certain Navi will use very little power while mining if tuned unlike Radeon VII. It is way more efficient than and Vega based card because of the fact that the GPU uses much more power hungry VRAM, that is power hungry BECAUSE it uses a lot of power drawing vertices from the GPU core, which mining doesn't even do, so it'll sip little power mining.

    Next, logic. AMD doesn't sell much to gamers unfortunately, but the miners will buy AMD if it performs well for them. What are the odds AMD tried to pull an R9 290 again? Lots of compute for smaller die, great mining hash-rates too. Gamers and miners will buy it.

    Now the price. I think AMD will lower prices with Nvidia and enter price war. Nvidia will drop price because PC market is all Nvidia has left. Nvidia lost console market, cloud gaming market, mobile market, data center soon, and PC gaming is all they have left. AMD has gained console market, cloud gaming market, mobile market soon, and PC gaming is all they're really missing. Nvidia will eventually drop prices because this is all they have left to depend on. Even if say 10% hit seems small, its much bigger than it seems at first glance. This will trigger AMD to drop prices. Remember that Navi and Nvidia have absolutely absurd high margins on those products. Even if they lower price of RX 5700xt to $349, and have alot of left over stock, no problem. They made way more. This seems like it is targeting gamers and miners at the same time while having a strong buffer to make up for inventory pile up, so they can mass produce cards and sell ALOT more this time, while keeping prices stable somewhat for gamers.

    That is not all. The GPU arc RDNA is looking like it is possibly great at compute as well. Although Dr. Lisa (AMD CEO) told us that GCN and RDNA will coexist, and that RDNA is special for gamers, I don't think that means that RDNA is bad for compute. In fact, logically it would make sense that AMD sticks with their current strategy; more processing for more performance. (Nvidia's is less processing for less power draw and leveraging that for higher power draw). Most developers are coding for AMD out side of licensing deals. They have console market, cloud gaming market and soon the mobile gpu market aswell. I won't go too much into detail, but this video explains it very well. gamersnexus did a good navi architecture. video aswell. https://www.youtube.com/watch?v=5FDN6Y6vCQg

    Surprisingly Navi looks like it is WAY faster than GCN in compute, and that it will outperform it using less compute units. It seems that Navi is 50% more gaming IPC because of raw compute performance increase that isn't only through TFLOPS but other architectural upgrades. Which means this might be a real fucking good mining card.

    submitted by /u/illum_nti_everywhere
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    Best multipool (or single coin altpool) to join for a single GPU user?

    Posted: 28 Jun 2019 10:12 AM PDT

    Hey guys, I have a spare Linux computer with a 1660 ti, that I'm not using. I also don't have to pay electricity, so it's pretty much 100% profit for me, if I make 50 cents a year, thats 50 cents I didn't have before.

    I've done a bit of research, and I think it's pretty clear that a pool of some sort would be best for me with such little power that I'd be pushing. Do you guys have some suggestions for altcoin specific pools or multipools for a guy like me?

    submitted by /u/bleepblopbloop
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