Boxalex…the fact is that it is a possibility.
At this time , no one has evidence one way or another but it is a fact that Zokoo has the means, and the motive.
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This is just an attempt at character assassination plain and simple. This should result in a ban in my opinion.
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- It is a possibility (but nobody has proof) that for personal monetary gain Zooko Wilcox has colluded with Bitmain to delay or prevent an ASIC resistance PoW fork.
Zero proof of this, yet you’ve included it in your list of “facts presented here in this thread”?
- Most of the Zcash community who responded to a poll on the issue of ASIC resistance responded that they support Zcash forking away from ASICs.
I didn’t vote in that Twitter poll. It’s also likely that lot of other users didn’t even know about it. There is no real evidence that the poll has a statistically significant sample of Zcash users and miners, and thus it’s not a fact that it is accurate.
That Bitmain began to offer for sale to the public a cryptonight ASIC once it became clear that the Monero devs would fork to combat ASIC domination on their network.
They are still selling the X3, which could still allow those users to profit using Nicehash after several months.
- When the Monero devs implemented the PoW change in a fork, the network hashrate decreased by over 75%
This could have been due to botnets mining Monero and those Botnets not updating their code quickly after the change. The A3 hashrate only increased after the units were shipped, showing that Bitmain hadn’t been mining with them in a significant way.
- when the Monero (another privacy oriented coin) devs suspected that there were parties (read Bitmain) covertly using ASICs to mine XMR they decided to change the cryptonight proof of work (PoW) algorithm quickly.
There could be a private, more flexible ASIC mining Monero right now, or one being developed in secret. This would leave GPU miners totally in the dark, yet thinking they are playing a fair match. That’s the biggest threat to ASIC resistance, it’s hard to know if ASIC resistance is actually possible, which is exactly what the Zcash foundation is going to find out.
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Non sequitur.
Decentralization is important for reasons other than but related to “privacy features”.
Imagine that a government hostile to privacy (like the government of communist China where Bitmain is located) decided to attack the ZEC network. Bad deal for us all…investors, users, etc.
So it’s a good sign bitmain is mining soon from the USA … 
It is as well a possibility that Bitmain has only about 10% of the Zcash network hashrate (nobody has proof, but that is how it looks right now), So 10% shouldn’t be the biggest concern, even less when they get oursourced eventually soon. Fact!
Ok, so how can this be fixed? How do you get more competition into the ASIC market and break up the monopoly? It seems that it would be difficult as my understanding the rules companies are allowed to operate under in China and the “western” world don’t exactly align. It seems its a very unlevel playing field. Aside from that, how do you ensure wide distribution of ASIC equipment so it doesn’t end up in “few hands”. Then of course you have the “secret” miners as you mention…who spend the money to build their own ASIC, tell no one, share with no one, and try to keep as much for themselves as possible (keep the advantage). How do you deal with that? The equipment used isn’t really a problem, it’s how it’s distributed that seems to be the problem.
Sorry one answer just lead to even more questions…
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You dont need more proof then that you ban and hide almost all GPU miners while new accounts that just showed here after ASIC comed to light and are pro ASIC never.
GPU is mined by probably 100 000 people on Zcash …off course most will be for fork when you cant even buy ASIC.
…pay now and you will receive in october lately and in many countries you cant even buy it…not to mention that only people who ordered first will ROI.
How any sane person would pay now to receive in oktober when is totally in dark what other ASIC Bitmain has and how many that Maxi have hashrate …99.99999% people dont have luxury to gamble with that much money.
Bitmain started selling X3 15 days AFTER monero sad that they will fork…people start receiving just 2 week ago and most still did not receive it and they payed 3700$ + taxes…and they cant make more then 15$ DAY NOW.
People who buyed first that Baikal miner…it costed 3800$+taxes with 20 000h/s now earn 1.5$ a day and will never come even close to pay it…not to mention earn something …their money is burned and went to ASIC manufacturer.
Monero Original that was created by BItmain just month ago now has 2 times hash rate then whole Monero that has at least million GPUs mine.
ETN which is still on cryptonight has 4 TIMES more has rate then Monero.
RX 580 that mine on Monero make with out electricity 1.5$ …on so call Monero Original 0.04$ or 30 TIMES less …so fork is obviously successful.
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If any pro-ASIC users break the CoC, they will receive the same warnings just as any other user. No moderator has targeted pro-GPU miners. I’m a gpu miner myself and want to hear all opinions here. You’re a gpu miner and you haven’t been silenced.
According to Nicehash’s calculator the X3 makes $960/month. If you bought one for 2,000 that would give you a return on investment very quickly.
Mining is risky. It’s a risk to buy a GPU, it’s a risk to buy an ASIC and it’s also a risk to do nothing. In my opinion nothing is without risk. The only thing you can do is become better at weighing that risk.
not to mention that only people who ordered first will ROI.
Why don’t think the second (less-expensive) batch will be profitable? Bitmain needs happy customers to continue having customers buy more hardware a year or two years from now. If they price incorrectly and customers don’t make a return on their investment, Bitmain will lose that future business. It would make sense for them to make every batch profitable.
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X3 does not make 960$ a month …go to what to mine and chech your facts.
X3 cant mine on nicehash …most that give is ETN now and that is 15$ a day but it drops every day…and in just a week ETN will fork and ETN is 75% off all hash on that algo so for all other coins on cryptonight difficulty will jump 3-4 times in day meaning they will not make 2-3$ a day.
Also people who now mine with X3 did not pay 2000$ …they payed 3800$ + taxes and shiping…if you order now you will recive maybe in Jun but then X3 will make 2-3$ - electricity…it will ROI 99% never.
And people who buyed Baikal will never ROI EVER…their ASIC now makes less then one single RX 580 on monero and people payed 3700 $ + taxes for that ASIC.
Also Bitmain does not care about “customers” will they ROI or NOT…most Bitmain ASIC will never ROI…Bitmain main revenue is mining for them self.
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The X3 does about $21.52 a day. So $645.51 a month.
What’s real funny is the Antminer E3 has not been release yet and it only makes $9.10 a day without power took out. $273.03 a month without power took out. And this is the number 2 out there Eth.
That would if could mine on nicehash but X3 CANT CONNECT ON NICEHASH…and best other is mining ETN which gets 15$
And calculating for month bu just multiply with 31 days is ridiculous when difficulty jumps every day and will jump 3-4 times in a week
I don’t think there using nicehash. I wouldn’t use them, don’t trust them after they lost all the BTC!
Most accurate is what to mine …enter X3 hash rate and you will see.
I don’t trust what to mine they always seem to be way off.
X3 mines only two coins . Electronume and byte
The first will fork anti asic within couple of weeks if not less.
Cryptonite has been removed from nicehash shortly after asics introduced .
Hey look…another ASIC coin gets nailed by 51% attack…
Hope Zcash is ready for headlines like this because there are about to be a LOT less people mining ZEC.
Oh, so do you think that most of the community supports a move by Zcash to reverse the original ASIC resistance stance and to embrace ASIC mining and welcome Bitmain’s domination of Zcash?
Forgive me for laughing out loud.
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You do the honorable thing and stick to your original stance and you fork away the ASICs to keep your project’s integrity.
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Bitmain is headquartered in communist China. They don’t dare anger the Communist Party. In fact, most big Chinese companies are connected to “the Party”.
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