Let’s talk about ASIC mining

YES! I still read the thread every day, but almost never post anymore. It is very amusing, and does provide a small window into this emotional topic, for those who are still debating. Most of the arguments are heavily laced with emotion, but that in itself is a valuable data point.

I respect your opinion. Your position is always well thought out and articulated (sometimes a bit verbose, but very understandable given its not your first language). However, you have yet to present any credible, tangible, or convincing DATA on why POW is a dead horse.

This is my opinion, POW is not dead, POW is genius, and directly ties crypto to the real world in a very tangible way. POS will never get off the ground. The POS formula points the cost of consensus back to itself, back to its own blockchain, quite silly if you think about it.

I feel your frustration, I too felt betrayed by Zcash and the promise of ASIC resistance. However, whats done is done, Zcash has gone down a path that cant be changed easily. We just need to get over it and move on.

However, I saw the ASIC issue coming almost two years ago, see my posts below. I find it interesting the Zcash hash rate continues to climb when even ETH and ETC are falling. Its another data point, a sad one, and I feel bad for those who now have no choice, but then they chose to buy the ASIC’s.

My posts from Feb of 2017

I don’t have a single ASIC, and I am happily running all my GPU’s 24X7, even my old RX480’s (but they are coming to end of life). My overall operation is still profitable and I am quite happy to keep mining with my GPU’s (just not on Zcash). I hold some Zcash, but also 15 other coins. Proof of storage will be going live first quarter next year, Proof of Compute is coming fast too, most of the blockchain Utility space cant be done with ASIC’s. The small miner is not dead, you just need to diversify, make a profit here, take a loss there, be patient, keep watching the technology, get involved with the ones that have merit. It will pay off in the end.

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