Seems people are really enjoying this little beast. Hope they release another batch soon. iPollo G1 Mini – iPollo Store
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Their G1 sold out long ago and was never restocked. G1-mini could have same fate. If they were to produce more, should be 2nd generation (G1 is 4 years old), but I wouldn’t expect next gen until Grin price is high so that they can price miner high.
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I’m glad there is a healthy secondhand market for them, otherwise I’d be more worried.
I’m hoping V2 is a beefier home miner utilizing the 2 extra graphing board ports available on the G1 mini control board.
Would be sweet to have 3.6G/s miners @ ~360W.
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I’m interested how the network graph-rate will proceed. Will it be dominated by the life period of existing G1 mini? Or will it be affected by a new GPU mining era. A GPU mining era could be quite dynamic and lead to a demand hype. But on the other side it is quite predictable that such a hype can not last long, because a new generation of asics would likely disrupt it soon. And then a long decline where most asics don’t mine because a lag of profitability might follow.
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It’ll be tough for GPUs to compete until the 50X0 or 60X0 series come out. A 4090 is about equal in hash to a G1 mini, but take >4x as much power.
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G1 mini restocked. Only 36 available (equivalent of 1.2x G1), may just be new old stock and not another production run.
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Strange to me how they have sold possibly hundreds of machines yet the network hash rate has been decreasing and is almost at its lowest point all time. The entire global hashing network at 6kGh/s is only ~150 G1 miners. So where are all the miners? Or have they been shutdown due to low profitability?
They have sold in the 1000’s of units actually.
6kGp/s is 6000 Gps. So 5000 mini’s. Actually quite accurate if you say 25% of mini buyers cannot run them profitably now (just using a figure to reduce the rate attributable to them; other GPU’s/CPU’s/other devices (G1…) provide remaining power to the network).
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Close to 800 g1 + 10.000 g1 mini produced by ipollo according to their reports.
It makes 40k gps around.
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Wow something definitely is not adding up according to that report! A lot of hoarded hardware laying around somewhere. Wonder what they are waiting for. Or is it a conspiracy against Grin network to limit the network security? Strange!
Example of someone’s Grin ASICs sitting offline for this month because of higher electric & less space after moving, post from yesterday.
G1-mini PSUs are doomed to fail because they are being run too close to capacity and have no cooling (fanless). I’ve bought units off eBay from sellers that thought their ASICs were dead, when it was just failed PSUs.
Surely biggest factor for low hashrate is low Grin price, an ideal time to mine and accumulate. If Grin was $0.25 soon™, idle ASICs would be powered on again and GPUs would be flooding the network. Also keep in mind that the most profitable coin for these ASICs is MWC (barf), which has experienced a steadily increasing network hashrate.
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According to PoW Rankings - Top 100 PoW Cryptocurrencies - F2Pool the Cuck(at)oo coin with highest “PoW Produced (24h)”, i.e. daily dollars, is still Grin…
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Whatever you say, or bend the narratives. Grin hashrate has become centralized.
Not centralized, open market.
Many small miners chose not to mine. Some miners do mine, if they want to accumulate, but not if they want to directly sell for profit.
This is no different from any other proof of work project out there, with grin at least having affordable small miners for sale. Much more decentralized therefore than for example Bitcoin since initial investment is small and the electricity price is a smaller factor thanks to hashing/graph rate being memory limited.
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I am wonder what you mean on “centralized”. Here is a site that shows it is sufficiently decentralized for now. If you see 2miner are at 40% look again at solo vs pool and it is split up.
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