I admit i wasn’t aware that equihash should be handled like closed market available only for gpu’s. I don’t think any algo has a right to prevent whatever competition from whomever …
NO, absolutly nobody was forced to invest into an Asic. This is correct. And i bet nobody was either forced to make 10 rigs for Zcash. It’s a free market and everybody can choose where in what under what risks to investe, easy as that. Every Asic pro is aware of that, and every gpu miner should be as well aware of that. Zcash could even choose tomorrow to get POS …
[quote=“ProwdClown, post:2420, topic:27353, full:true”]
GPU miners have BEEN here since the beginning and we respectfully requested the developers support their declaration of ASIC resistance. [/quote]
What? While i agree that there are some respectfull requests towards the devs/Zooko, a lof of them is at least offending, smearing, blackmailing and whatever not. If this is respectfully than i would not like to witness unrespectfull behaviour, lol.
[quote=“ProwdClown, post:2420, topic:27353, full:true”]
ASIC’s are coming out of the closet and want acceptance into the fold of a coin that declared RESIST ASIC’s. I suppose I too would walk on my tip toes and hope they would violate their own declaration. [/quote]
I get your argument here and i think it’s a valid one to be honest. However, in a real world there is and always will be competition. Maybe some that have their own businesses, like me, are more used to it and therefor more openminded and easy about it as it’s normal in every business.
Rules change all the time. It has changed for the CPU miners, it is currently changing on several algos for the gpu miners and it will change for the asic miners. Rules, ideas, ideologies, everything changes all the time, call it progress, industralization, whatever you want. Neither me, nor you, nor anybody can stop it …
[quote=“ProwdClown, post:2420, topic:27353, full:true”]
As for ZCash crashing, being left alone, etc… I have pointed out WHO is the “majority” in this “community” to the developers. We are simply pointing out how that “community” can be damaged if they go against their declaration of ASIC Resistance. I personally have not said it will crash. I have said I will have nothing to do with it if it does not maintain ASIC resistance. Why should I, when it goes against my views on mining decentralization?
I personally have not blackmailed ZCash. I don’t see how my stating I will have nothing to do with the coin would be considered a “threat.” Simply pointing out what will occur with the majority of the “community” that’s rallied behind the project.[/quote]
My comment was generally and not quoting you. You can read through the whole topic again and than let me know how many threads, blackmailing attempts and whatever not took place. A whole bunch have threatend to get together and stop mining immediatly, the next bunch threatented to make a mass sale and dump the price, the next bunch to sell immediatly all, next one makes a video and hides some facts, next one … you name it. Come one, we all witnessed how far this got in this thread.
You are wrong here. No normal thinking miner will dump a good coin like Zcash. Only an idiot would dump the coin. Actually there is no difference in dumping btw. Asics and gpu’s. When you mine a shitcoin for whatever reasons you dump it, if you mine a coin with value like bitcoin, bitcoincash, dash, ethereum, zcash, you don’t dump it, expect if you are forced to pay bills. I personally in my whole miner career have not cashed out a single coin, not even 1 XVG, nothing.
Only if he doubles the max. supply and this is not easy done for sure. It’s up on what the 2nd chain will be based in my opinon. IF it’s like verge for example mining the same coin on several algos than the max. supply will stay the same and the dev fee of course as well as it’s bound to the max. supply. IF, and i have no idea what other possibilities are available or an option, eventually, but that would mean 2 different coins to have his fee doubled, can’t think about another scenario that would result in double fee.