Trying to Mine Steem Once More, Not Much Luck Though by cryptos

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steem-mining · @cryptos · Oct 22 '16

$8.95

Trying to Mine Steem Once More, Not Much Luck Though

<center>![mining](http://oi65.tinypic.com/r88i7b.jpg)<br></center>

Yesterday @picokernel has reported about bug being descovered in steemd regarding the use of multiple threads for mining Steem, a bug found by a user of the Russian Golos platform. It seems that although the hashrate is being reported properly by the miner when using multiple threads, starting with Steem 0.14.2, the bug caused the actual speed to be just like if you are just using a single thread. That fact and the mining-witness queue being dominated by just 2 users that apparently use private GPU miners to mine Steem has made pretty much everyone give up on even trying to mine with a CPU.

After the bug was discovered and a fix posted I have patched and compiled from the Windows source repository maintained by @alphabeta to give mining another try - https://github.com/alphab3ta/steem. Now, a day later after I started mining to try the fix, with about 35000 hps (10 core Xeon CPU running at 20 threads), I still haven't found a single block. Some people that have also tried the patch have reported successfully getting a block, so luck plays a role here too. My point is that even with this bug fixed and an improvement of the competitiveness of CPU mining, it is still not very viable to even try to compete with the 14 GTX-1080 GPU's that @nobody says he is using for his supercomputing miners along with his private GPU miner currently mining Steem.  

Meanwhile @alphabeta has also released a compiled Windows binary of the patched Steemd and has also added the patch to the source code of his repository, so if you want to give it a try you can download it from https://github.com/alphab3ta/steem/releases

I'll probably leave the computer mining for a couple of more hours, though after that I will stop the mining...


<br>If you have a question or want to add something, then please leave a comment below.

---

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👍 summon, rainman, joseph, cass, laonie, cryptoctopus, anonymous, yoonjang0707, hisnameisolllie, somebody, xiaohui, wingz, kimziv, vip, cryptos, bacchist, geke, meesterboom, midnightoil, myfirst, bleujay, artific, laonie10, sisterholics, michelle.gent, juanmiguelsalas, laonie3, laonie4, laonie5, laonie2, laonie6, laonie7, laonie8, laonie1, clement, gregory-f, bola, onetree, orientaledu, hien-tran, proctologic, laonie11, elfkitchen, wongshiying, cjclaro, pjheinz, antfield, drinkzya, steevc, kyusho, anasz, birds90, royalmacro, lloyddavis, flysaga, xianjun, robotev, fishingvideos, vannour, mapesa, dave-hughes, bergy, grandpere, numberone, and 44 others

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@aggroed · Oct 22 '16

Mining is an inherently inequitable way to produce value in a system.  The initial distribution is too easy so early guys gets tons with little work.  If the coin catches then the big guys come in.  So, your two options for a real shot at coin are be a programmer, which usually means you did school and had money growing up or be rich and have a server farm of people that mine that shit for you.  Either way the rich are getting richer.

👍 cryptos

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@artific · Oct 22 '16

Just like steempower, also steem mining is totally centralized. :(

👍 artific, cryptos

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@cryptos · Oct 22 '16

Just hit the first block in a little over a day or about  an hour after posting this... :)

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@gregory-f · Oct 22 '16

Thanks for posting your results. One block in a day of mining just isn't worth the effort or expense. I was hopeful this bug fix would allow us CPU miners to capture a larger number of blocks.

👍 cryptos

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@cryptos · Oct 22 '16

I see a bout 3-4 users in the miner-witness queue, apart fromt he regular supercomputing and rabbit ones, so some people at least tried mining again and are getting some blocks, but it will not help much in changing the situation with minng, unless we get an open source GPU miner available for everyone.

👍 gregory-f

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@juvyjabian · Oct 22 '16

Usually, how many steem can you mine a day with 10 core xeon running 20 threads?

👍 cryptos

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@cryptos · Oct 22 '16 (edited)

Usually, I don't know, haven't tried it prior the miner-witness queue was dominated by two users with private GPU miners...

Here is what I was getting before using 5820K (6C-12T) mining Steem before private GPU miners kicked in: https://steemit.com/steemit/@cryptos/giving-steem-mining-another-try-what-i-have-found-so-far

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@juvyjabian · Oct 22 '16

Im planning to invest in cpu mining with windows and I wanted to make sure if the investment is worthy enough because the money that I will investing comes from a loan. :)

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3 replies

@steevc · Oct 22 '16

I won't bother on my puny quad core. Not worth the electricity cost

👍 cryptos

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