It is Time to Wind Down All My Miners

in #steemit8 years ago

CPU Mining is not viable anymore. As you know, Rabbit and Supercomputing have nearly taken over the mining queue. Hardly anyone else besides those two dominate the queue. And, as a result, I winded down my miners, it seems the developer will not intervene on the current situation. and it's time for us weaklings to move on.

https://steemit.com/steem/@anonimau5/miner-witness-queue-weirdness
Here is @dantheman's comment from about post.

This is just how hashpower is divided. They are not milking anything, they are bidding the most computational power for the steem. Letting more people know about the mining opportunity would likely increase the difficulty and variance. All told two people with 47% of the hash power isn't that bad.

I personally wouldn't be offended if one person had 99% of the hash power. The security provided comes from the computation work done, not the variety of people.

This is my previous post about the current situation.

https://steemit.com/steemit/@alphabeta/only-the-strong-will-survive

The following posts are from other miners about their feeling.

https://steemit.com/steem/@bola/steem-cpu-mining-i-surrender

https://steemit.com/steem/@arcange/the-end-of-steem-cpu-mining

https://steemit.com/stats/@arcange/the-end-of-steem-cpu-mining-update

https://steemit.com/steem/@incomemonthly/steem-mining-dominated-by-2-users-now-crushing-the-little-guys

https://steemit.com/steem/@cryptohead/steem-mining-queue-dominated-by-the-rabbit-servers

https://steemit.com/steem/@steevc/maybe-mining-is-not-for-me

On the side note I have been working on the Window GUI for steemd and cli_wallet, all the basic functions are working except the dashboard. I am not sure I should continue to work on it anymore.

Here is a picture of it mining.

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Come join my mining pool i have just created!! 1% fee and guess what? we have a passion for what we do!! its only been live one day. Get all the miners that are being pooped on and join us. Looking for people who love what they do and would want to help build something great :)

https://steemit.com/mining/@egjoshslim/new-eth-mining-pool-website-now-live-and-needing-some-love-created-by-my-friend-and-i

we are eth mining untill we get a sufficient number of people and we want a team of people who are looking for the next currency to mine. We won't allow greed to take over! Also @dantheman you shouldn't allow 2 people to dominate....... thats just bad business....

Where is that windows gui miner? Github?

No, It is not ready, I'm still working on it.

Don't stop! Finish it a and post about it. You will be rewarded well.

PS it seems we will have soon the gpu mining script opensourced...

@liondani, Thank you for encouragement, will try.

Has steem been the most profitable for CPU mining?

Not any more.