Ripple price failed to gain strength above the $0.3350 resistance area against the US dollar.The price broke the $0.3280 and 0.3250 support levels to move into a bearish zone.There was a break below a major bullish trend line with support at $0.3320 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair remains at a risk of more losses if the bulls fail to defend the $0.3130 support area.Ripple price is under a lot of selling pressure against the US Dollar and bitcoin. XRP must stay above the $0.3130 support level to bounce back in the near term.Ripple Price AnalysisAfter forming a swing low at $0.3134 low, ripple price climbed higher above $0.3250 and $0.3280 against the US Dollar. The XRP/USD pair even broke the $0.3320 resistance area and the 100 hourly simple moving average. The price finally pumped towards the $0.3500 resistance, where sellers defended more gains. A high was formed at $0.3490 and later the price started a major drop. The price started consolidating losses and later failed to climb back above the $0.3350 resistance area.As a result, there was a sharp decline below the $0.3280 and $0.3250 support levels. There was even a close below the $0.3280 level and the 100 hourly simple moving average. Besides, there was a break below a major bullish trend line with support at $0.3320 on the hourly chart of the XRP/USD pair. Bears pushed the price below $0.3200 and a swing low was formed near $0.3175. It recently corrected higher above $0.3200. However, the price struggled to fail near the $0.3215 level and the 23.6% Fib retracement level of the recent slide from the $0.3346 high to $0.3175 low.More importantly, there is a bearish trend line formed near $0.3225 on the same chart. A proper close above the trend line and $0.3250 is must for a fresh increase. The next key resistance is at $0.3260 and the 50% Fib retracement level of the recent slide from the $0.3346 high to $0.3175 low. Finally, the 100 hourly SMA is near $0.3300 to act as a major hurdle for buyers.Looking at the chart, ripple price is clearly trading in a bearish zone below $0.3225 and $0.3250. There is a risk of more losses below $0.3150. However, the $0.3130 level hold the key, below which the price could decline sharply to $0.3000.Technical IndicatorsHourly MACD – The MACD for XRP/USD is slowly moving in the bullish zone.Hourly RSI (Relative Strength Index) – The RSI for XRP/USD declined below the 50 level, with a bearish angle.Major Support Levels – $0.3150, $0.3130 and $0.3000.Major Resistance Levels – $0.3225, $0.3250 and $0.3300.
Archives for April 21, 2019
ETH price traded above the $174 and $175 resistance levels before it faced sellers against the US Dollar.The price traded towards the $178 level and later started a downside correction below $172.There is a major bearish trend line in place with resistance at $171 on the hourly chart of ETH/USD (data feed via Kraken).The pair could either climb back above $171 or correct lower further towards the $166 support area.Ethereum price started a downside correction versus the US Dollar, but remained flat against bitcoin. ETH could revisit the $166 support, but it remains well bid on the downside.Ethereum Price AnalysisThere was a decent upward move above the $170 resistance in Ethereum price against the US Dollar. The ETH/USD pair surpassed the $174 and $175 resistance levels to move into a positive zone. However, the price failed to retain bullish momentum above the $178 level. It formed a high just below $178 and later declined below the $175 level. There was a break below the $170 support and the 100 hourly simple moving average. The price traded close the $166 level, where buyers took a stand.Recently, the price recovered above the $168 level and the 23.6% Fib retracement level of the recent drop from the $178 swing high to $166 low. However, the $170 area and the 100 hourly simple moving average is acting as a strong resistance. There is also a major bearish trend line in place with resistance at $171 on the hourly chart of ETH/USD. Above the trend line, the next resistance is near $172 and the 50% Fib retracement level of the recent drop from the $178 swing high to $166 low.On the downside, an initial support is at $168, below which the price may revisit the $166 support. Any further losses are very unlikely and it seems like the price could bounce back above $171 and $172. The main resistance is at $175, above which the price could rally towards $180 and $182.Looking at the chart, Ethereum price seems to be correcting lower towards the $166 or $165 support. However, the overall bias is positive and the price could bounce back once it completes the current correction near $165. On the upside, a break above $172 is needed for a fresh increase towards the $178 level. Above $178, the price could break the $180 resistance.ETH Technical IndicatorsHourly MACD – The MACD for ETH/USD is slowly moving in the bullish zone, with a few positive signs.Hourly RSI – The RSI for ETH/USD failed to stay above the 50 level and it is currently heading to 40.Major Support Level – $166Major Resistance Level – $172
By CCN: The ruthless bitcoin bear market of 2018 has claimed numerous victims, including many crypto startups and executives. The latest is former EY blockchain leader Angus Champion de Crespigny, who’s leaving the industry.
Champion de Crespigny made the revelation on Twitter, where he insists that he’s still bullish on bitcoin. However, he’s discouraged by how long he believes it will take for mass adoption, and doesn’t want to wait around.
As recently as November 2019, Angus was touting blockchain and cryptocurrencies at a recent conference (video below).
Champion: Institutions are Dragging Their Feet
Champion de Crespigny worked for 11 years at Big Four accounting firm Ernest and Young. He spent the last couple of years focused on blockchain. In August 2018, Angus left EY to focus on other projects amid growing disillusionment with blockchain.
Champion de Crespigny explained his reasons for leaving the crypto industry altogether in an April 19 Twitter thread:
“I am no longer working full-time in the bitcoin/cryptocurrency industry, and have taken a role outside it. I’ve had a number of people ask why, or seem surprised, so I thought I’d lay out my rationale in case it is of interest to others.”
“Over the years I converged on what we call coin maximalism, or minimalism. That is, ‘blockchain’ was developed to solve a very specific problem, and it did so at a massive sacrifice. That problem: ensuring that ledger entries can’t be double-spent when there’s no central party.”
Over the years I converged on what we call coin maximalism, or minimalism. That is, “blockchain” was developed to solve a very specific problem, and it did so at a massive sacrifice. That problem: ensuring that ledger entries can’t be double spent when there’s no central party.
— Angus Champion de Crespigny (@anguschampion) April 19, 2019
‘You Can’t Rush People to Believe’ in Bitcoin
Angus explained that he had left EY in August to start a business focused on promoting bitcoin adoption in two ways: by helping to institutionalize it or by advancing adoption in the developing world.
He says he got discouraged once he realized that institutions are not eager to promote mainstream crypto adoption.
“I quickly worked out that I’m not going to be able to build bitcoin adoption in the developing world…you fundamentally can’t build a legitimate business that is also decentralized to resist government intervention.”
“I also found that institutions were not going to be on-boarding bitcoin as a financial product as quickly as I had thought they would from my discussions over the years. Institutionalization has happened, but not as much as I’d expected and enough for me to build a business on it.
“You also can’t rush people to believe that something has value.”
I also found that institutions were not going to be onboarding bitcoin as a financial product as quickly as I had thought they would from my discussions over the years. Institutionalization has happened, but not as much as I’d expected and enough for me to build a business on it.
— Angus Champion de Crespigny (@anguschampion) April 19, 2019
Champion: Bitcoin Adoption Will Take too Long
Champion de Crespigny added that he’s not leaving the industry forever. He promised that he’ll remain involved somehow because he believes in bitcoin’s disruptive potential.
However, he says the time horizon is longer than he had expected, so it’s time for him to cut his losses and move on to greener pastures.
“I’m as confident in Bitcoin’s ability to radically transform the world as I ever have been. However, I believe the time horizon to do that is very long, and I believe my best bet in the industry is to simply buy and hold.”
While Champion de Crespigny isn’t the only person who has left the industry amid the market downturn, his departure is notable because he worked at Ernst and Young.
As CCN reported, EY has been making a concerted effort to ramp up its blockchain and crypto businesses in order to woo bitcoin investors. Last week, EY revealed that it spent millions of dollars during the past two years developing crypto and blockchain tax tools.
— Crypto News (@PaveIt_) April 17, 2019
Despite these efforts, institutions have been slow to embrace crypto. Some — like Goldman Sachs — have even backpedaled, claiming they never were on the bitcoin bandwagon.
Goldman Sachs CEO Kills the Rumor: ‘We Never Had Plans to Open a Crypto Desk’ https://t.co/8UIFEmDN9E
— CCN.com (@CCNMarkets) April 12, 2019
Crypto Industry Has Failed to Educate General Public
All this dithering points to a major problem that’s not being addressed — and that’s the crypto industry’s abject failure to educate the general public about what bitcoin is, and why it’s supposedly superior to fiat currency.
Until that happens, mainstream adoption will remain a pipe dream.
— Crypto News (@PaveIt_) April 20, 2019
In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that industry fundamentals are better than ever.And so far, this call has been vindicated, as BTC now sits at a casual $5,300. However, some pundits fear that a so-called “black swan” event could still strike this market, forcing Bitcoin and other cryptocurrencies to enter a freefall. Let’s take a look.Related Reading: Crypto Professionals Predict $2,400 Bitcoin Bottom, Expect Infrastructure To Spark Bull RunWhy Crypto Could Head Lower From HereAdamant Capital, an Alpha-seeking Bitcoin fund, recently released its latest report about the state of cryptocurrency markets. While the report, titled “Bitcoin in Heavy Accumulation,” had bullish undertones, its authors, which includes prominent analyst Tuur Demeester, weren’t remiss to not mention the cases for lower lows in this cycle.In under 24 hours, over 7,000 investors worldwide read our report online, and over 2,500 downloaded the pdf. Check out “Bitcoin in Heavy Accumulation”here: https://t.co/DkjedcF3RG pic.twitter.com/C4pGG08uGM— Tuur Demeester (@TuurDemeester) April 19, 2019Adamant’s researchers and partners gave three/four cases for a collapse to new lows in the coming months.First, hacks or failures of exchanges and other infrastructure providers. While the unwinding of the 2013 rally was partially a result of natural cycles, some of the drawdown was catalyzed by the decimation of Mt. Gox, hacked for hundreds of thousands of BTC. Adamant postulates that if a similar event occurs in the coming six months, Bitcoin markets could see a negative demand shock.Second, a macroeconomic crash. Although cryptocurrencies have been lauded as non-correlated assets to stocks, it was proposed that a collapse in traditional markets could create a situation similar to the “2008 paradox” of the value of gold falling by 30%, even as demand surged.Last, a “secondary Bitcoin mining capitulation.” Adamant remarks that while miners have already capitulated in this cycle already, if BTC “drifts down” to $3,000, this capitulation could be replicated as miners go out of business en-masse.Bitcoin Looks HopefulMore likely than not, however, Bitcoin has bottomed. As reported by NewsBTC previously, the same report showed clear signs that BTC is in accumulation.It was explained that the Bitcoin Unrealized Profit/Loss (BUPL) indicator, which aims to estimate how much BTC holders’ are cumulatively profiting or losing, is reading at $13 billion in the positive. If the indicator is adjusted for the approximate number of lost coins, however, BUPL currently reads at $3 billion — 3% — of unrealized losses.While this doesn’t sound all too important, as the measure is lesser-known, as Adamant explains, the recent BUPL movements confirms that Bitcoin has exited a “capitulation” phase, entering into a stage of “hope” (and fear). It is important to note that when BTC exited the “capitulation” phase during 2014 to 2016’s cycle, there was strong BUPL uptick, as we are experiencing now due to Bitcoin’s recent rally past $5,000.What’s even more optimistic is that the 60-day volatility chart for BTC is currently sitting at 5%, a level not seen since late-2016, and even fell as low as 2% in early-November 2018. This, as Murad Mahmudov once explained, shows that a Bitcoin rally could be on the horizon.Featured Image from Shutterstock
By CCN: A big shakeup at Argo Blockchain, the beleaguered bitcoin mining company that owns Argo Mining, has revealed that a Rothschild-linked London oil tycoon with a shadowy past just did the cannonball dive into the deep end of the crypto mining pool.
Bitcoin Mining Firm Fires Top Brass, Onboards Oil Barron
Frank Timiș, a 56-year-old Romanian-Australian businessman worth over $2 billion with deep interests in oil and gold mining, was revealed as a part owner of Argo Mining after a company shakeup that led to the ouster of two top Argo executives.
The company also announced a massive overhaul of its entire business plan earlier this year. Rising costs and the long crypto winter rendered Argo Blockchain’s previous cash flow model unprofitable.
With Frank Timiș – who now owns a controlling 14% stake in the bitcoin mining firm, at the helm – Argo has moved on from subletting hash rate and invested in its own mining rigs.
Institutional Adoption? Frank Timis Has Ties to Rothschild Bank
The financial establishment has been looking at cryptocurrency and the disruptive power it holds with eyes wide open for some time now. 2018 was a year of unprecedented institutional interest in bitcoin and other digital assets.
2019 is poised to be an even bigger year for institutional investment, as the powers that be scramble to disrupt themselves and their competitors before letting themselves be disrupted first. Major Silicon Valley and Wall Street forces are on the move.
Frank Timiș is an old oil and gold guy with economic interests that tie him firmly into the establishment. In the mid-90s, Timiș’ gold mining company, Gabriel Resources, even obtained a $3 million loan from the Rothschild Bank in the U.S. after striking gold in Australia.
Bitcoin is quite arguably an economic substitute for gold, and bitcoin’s unique relationship with electricity bolsters the renewable energy industry’s threat to the fossil fuel economy.
Can Bitcoin Be Corrupted?
These titans of the 20th-century political and financial status quo will attempt to drink the entire sea because they still don’t fundamentally understand that bitcoin is a sea change in the world order. It will eventually swallow them instead.
Certainly, the threat of institutional adoption is real for those blind masses who would remain shackled by the surveillance and corruption of the financial establishment.
But bitcoin’s clever architecture will remain as incorruptible and universally accessible as ever despite the waves of institutional adoption.
It doesn’t matter how many other people use it or how they use it. Your bitcoin will always be in your control – as long as you hold the private keys.
The crypto markets have dropped slightly today after tepidly climbing higher over the past week. Despite this, Bitcoin (BTC) has been able to firmly establish its position within the $5,000 region and has not incurred any significant selling pressure after climbing towards $5,300.Although many analysts are currently looking towards freshly formed levels of support and resistance for where BTC is heading next, one technical indicator may signal that the cryptocurrency is on the verge of another bull run.Analyst: Bitcoin (BTC) a Good Buy Between $4,900 and $5,150 At the time of writing Bitcoin is trading down less than 1% at its current price of just below $5,300. BTC is down slightly from its daily highs of $5,360, but did not incur any significant selling volume after nearing $5,400, which has historically proven to be a strong level of resistance for the cryptocurrency.It now appears that Bitcoin is caught in a newly formed trading range between approximately $5,000 and $5,400, with its support level first being formed when BTC treated $5,000 as a level of strong support on April 11th.Flood, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he is looking towards the $4,900 to $5,150 price range as an area in which he will buy more Bitcoin.“I’m a buyer from 5150 to 4900. That is all,” he concisely noted.I’m a buyer from 5150 to 4900. That is all.$BTC pic.twitter.com/xu3cZS7Gfe— Flood [BitMEX] (@ThinkingUSD) April 20, 2019Because Bitcoin has been unable to break above the upper boundary of the aforementioned trading range, it is probable that it will revisit the lower-$5,000 region in the near-future.BTC May Be on The Verge of a Massive Bull Run Bitcoin’s relative strength index (RSI) – which is an important technical indicator that many analysts use to gain insight into whether or not an asset is overbought or oversold – is nearing a level that has historically marked the start of previous bull runs when broken above.Cow Jones, a cryptocurrency trader on Twitter, discussed this in a recent tweet, pointing towards Bitcoin’s historical RSI action as evidence for why this level could signal an imminent bull run.“Personally don’t use RSI much. However, this is an interesting fork in the road. Past bull market began with RSI above the boxed range,” he explained.$BTC #CoinbasePersonally don’t use RSI much. However, this is an interesting fork in the road.
Past bull market began with RSI above the boxed range.
Credit to @TrueCrypto28 for bringing this to my attention many months ago. pic.twitter.com/GfMLKAzzDg— Cow Jones (@CryptoCowJones) April 21, 2019As a relatively quiet weekend trading session wraps up and a fresh week begins, trader and investors alike will likely gain greater insight into where the crypto markets are heading next.Featured image from Shutterstock.
All eyes may be on Bitcoin (BTC), but other crypto assets have seen their fair share of gains since the start of 2019, sparking calls that what is known as “altseason” is right on the horizon. Per one prominent industry analyst, this cyclical industry event, which sees altcoins dramatically outperform the de-facto cryptocurrency lead, may actually be live as we publish this.Related Reading: 2019 Crypto Alt Season Kicks Off With Over 20 Altcoins Doubling in ValueHistorical Precursor To Altseason Is Showing Its FaceFundstrat’s prominent head of research, Tom Lee, recently took to Twitter to remark that one of the “pre-conditions” for historical altcoin rallies is coming to life in the current cycle. This precursor, for those unaware, is a drop in the correlation between the crypto asset class at large and Bitcoin itself.Per Lee’s chart, which cites data from Bloomberg, CoinMarketCap, and his own firm, a drop in the rolling 90-day correlation between the two subsets has preceded three altseasons — Mar 2016, early-2017, and late-2017/early-2018. An altseason, as defined by Fundstrat, is when a large percentage of altcoins in the “liquid universe” rally by over 200% in a short period of time.1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTCThis drop in correlation has started recently (lower part of chart and scale is inverted)This is a data point to suggest alt-season could be underway… pic.twitter.com/g10Fjzx50q— Thomas Lee (@fundstrat) April 20, 2019With preliminary indicators predicting a further collapse in the correlation between digital assets and BTC, an altseason might already be well underway. If you take a brief gander at CoinMarketCap or other analytics providers, this would seemingly be the case.Binance Coin (BNB) recently surpassed its all-time high, in a brutal bear market no less, as Litecoin has rallied by over 200% since December’s low. Cardano, Ethereum, Tezos, and Basic Attention Token are among other prominent cryptocurrencies that have also seen jaw-dropping gains in the past 90 days. But, this surge might just be the tip of the iceberg.As Lee explains, historical altseasons averaged gains of 1,100%. He adds that Fundstrat expects for the next rally in cryptocurrencies to “deliver returns similar to the 2017/2018 cycles.”Bitcoin Likely To Rally Alongside Other Crypto Assets While Lee is hinting that the fabled altseason is finally here, this isn’t to say that he is bearish on Bitcoin. Far from, in fact.In a recent CoinTelegraph Youtube segment, the analyst claimed that the Bitcoin Misery Index, a measure meant to determine the average sentiment of a cryptocurrency holder, reached 89 — the highest the signal has ever read in a bear market. In the eyes of Lee, this confirms that BTC is out of a bear market, as x > 67 readings only came during bull markets. He adds that as Bitcoin has held above its 200-day moving average for an extended period, he is fairly convinced that bears are finally biting the dust.Featured Image from Shutterstock
The bitcoin mining operational breakeven for efficient mining operations currently stands around $3550. pic.twitter.com/gQrNYBcvLH
— Alex Krüger (@krugermacro) April 21, 2019
Across major cryptocurrency markets, the bitcoin price is at $5,265, which for miners presents a substantial profit per every block mined considering the breakeven price of $3,550 and the potential appreciation of bitcoin.
Does it Mean the Start of a Bitcoin Bull Market?
While the analysis Krüger uses the rate of electricity at $0.055 per kWh, depending on the region miners are based, the rate could vary.
For instance, Krüger said that CoinGeek reported a rate of electricity at $0.073 per kWh to mine proof-of-work (PoW) cryptocurrencies like bitcoin in last December, which would raise the breakeven cost of bitcoin mining.
“CoinGeek is negotiating to sell its miners (62k units with 960k TH/s) and other assets (e.g. http://coingeek.com) for $45.5 million. Miners’ avg operational cost is $0.073 /kWh, resulting in $3580 operational breakeven (assuming used to mine BTC not BSV),” the analyst said in December.
Throughout the second half of 2018, particularly in the last several months of the year, the breakeven cost of bitcoin dropped below the actual price of BTC, leading miners to record net losses on their operations.
Many miners had to continue operating throughout the bear market because most operations secure long-term energy deals with electricity providers, acquire expensive ASIC equipment, and obtain long leases to operate large-scale bitcoin centers.
As Andreas Antonopoulos, a widely recognized cryptocurrency and security expert, said about the “death spiral” theory that argues bitcoin could seize to exist if all of the miners leave the protocol, it is difficult for miners to give up on all of their operations after their initial commitment to it.
“Part of the reason that’s unlikely to happen is that miners have a much more long-term perspective. Meaning that, they have existing investments in equipment and they usually purchase electricity on long-term plans, they don’t pay it by the week. And therefore, if they have to wait to become profitable another three months and they have the equipment in place, they’re not turning it off.”
As such, many miners continued to secure and protect the Bitcoin blockchain network through mining across the brutal 16-month bear market.
Now that bitcoin mining is profitable once again, assuming that the bitcoin price does not drop below the $4,000 mark in the near-term, more miners could enter the space to mine the dominant cryptocurrency prior to its block reward halving scheduled to occur in May 2020.
When a block halving gets executed, the rate at which new coins are produced by miners declines, resulting in lesser profits for miners.
But, because the bitcoin price normally goes up in the build-up of a block reward halving because it reduces the potential circulating supply of bitcoin on exchanges and other markets, miners often end up in a decent position.
Crypto Market Sentiment is Improving
It is difficult to conclusively state that the profitability of bitcoin mining can effectively signal the end of the correction of the cryptocurrency market.
But, considering that mining is a key sector for the sustainability of cryptocurrencies, a healthy mining ecosystem would boost the sentiment around both bitcoin and the rest of the cryptocurrency market, especially for proof-of-work blockchain networks.
More importantly, bitcoin has historically shown an upside movement a year prior to a block reward halving, a piece of data which miners may consider in the foreseeable future.
Although the crypto markets are currently caught in a bout of sideways trading, many analysts and investors are closely watching some newly formed technical levels for insight into where Bitcoin (BTC) is heading next.While looking through a long-term lens, however, the recent price gains the markets have incurred will (hopefully) be a drop in the bucket, and one prominent venture capitalist now thinks Bitcoin alone will be worth $1 trillion during the next bull run.VC: Bitcoin Bull Run Likely to Bring BTC’s Market Cap Up Towards $1 Trillion At the time of writing, Bitcoin’s market capitalization is roughly $93.4 billion, accounting for 52.8% of the aggregated crypto market’s total capitalization.At the height of the late-2017 bull run, BTC’s market cap hit highs of $327 billion, nearly one-third of the coveted $1 trillion level that would be a monumental milestone for the cryptocurrency – if it were ever to be reached.Chris Burniske, a venture capitalist and partner at Placeholder VC, spoke about the likelihood of BTC’s market cap hitting $1 trillion in a recent tweet, explaining that he believes it is a real possibility.“Looking at the top 10 cryptoassets at the end of each year makes me think #bitcoin (blue) gets to $1 trillion on its own in the next bull market,” he noted.Looking at the top 10 cryptoassets at the end of each year makes me think #bitcoin (blue) gets to $1 trillion on its own in the next bull market. pic.twitter.com/75YaGesYxR— Chris Burniske (@cburniske) April 20, 2019If this were to happen during the next bull run, Bitcoin’s price would have to surge to over $50,000 per BTC – a possibility that many analysts think is highly probable.Could Retirees Be the Unlikely Group that Pushes BTC’s Market Cap to Over $1 Trillion?Although most investors and analysts are looking towards institutional and corporate investors as the groups that have the ability to push the crypto markets to stratospheric prices, retirees in the United States may be an unlikely suspect that could have a huge impact on the markets.A recently conducted survey found that nearly 90% of retirees over age 50 in the US either don’t know what Bitcoin is, or aren’t interested in learning more about the nascent technology.This lack of interest amongst a group that controls a significant amount of US wealth likely stems from the technological complexity surrounding both the technology itself, and the methodological requirements for acquiring it.Despite this, the advent of regulated and easy-to-use crypto exchanges, in combination with growing involvement in the industry from US regulatory authorities, may lead more retirees to direct a portion of their wealth into the crypto markets, which may act as fuel for the crypto market’s next parabolic price surge.Featured Image from Shutterstock.
The latest version 1.8.4 of the CryptoNight AMD GPU miner SRBMiner brings significant performance boost for all of AMD’s HBM memory based GPUs, namely the Radeon Vega56, Vega 64, Vega FE and the latest Radeon VII with HBM2 video memory. The performance boost for these video cards can be up to about 15%, so definitely worth upgrading any mining rigs with the newly released miner for the extra hashrate you will be getting… and that apparently goes for all of the supported algorithms! To take advantage of the extra performance boost you need to play around with the new parameter
tweak_profile checking the level of tweak profile that your GPUs can handle and applying it. Apparently the improvement is based on memory timings modification thanks to the work of Eliovp and his useful AMD Memory Tweak Tool.
You can find the full changelog for the latest release quoted below. Do note that the developer fee is ~0.85% for both normal mode and algorithm switching mode as SRBMiner is a closed source miner available for AMD GPU miners only under Windows.
SRBMiner V1.8.4 Full Cangelog:
– Performance increase for Vega56/64/Fe/Vii up to 15%!
– Minimum for ‘main_pool_reconnect’ is now 60 seconds instead of 180
– Added new cmd parameters: –disabletweaking, –cgputweakprofile
– Added new config parameter: tweak_profile
– Minor bug fixes
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