Let’s talk about ASIC mining

This is with the original settings. Nobody uses them but overclock them slightly.

My both X3 make each USD 28,00 with 300 kh/s at the moment and after 2nd batch. That’s ok in my opinion.

If anybody has doubts i can attach screenshots bevor again someone calls me a liar…

I ordered my E3 for USD800 on 1st batch and USD 273 is ok in my opinion. Makes 3 months of Roi, the next batch needs 6 or 7 months, worse but still not that bad.

Actually where is the problem of the Asic Roi? Shouldn’t this be to everybody own discretion and his own risk investements?

That’s simply not true, it’s nearly double what you posted:

Evidience and Proof (screenshot made 2 minutes ago!):

Actually most accurate is to try it yourself or ask someone that that has a given mashina.
And next time you use whattomine for the X3 enter 290-300 kh/s because that’s the hashrate most are running. Some even way higher exploiting their asics to the max…

Really? Strange i can still mine 10 coins on cryptonite with the X3 (just to correct you) as of time writing…

The point is, you can’t make assumptions on a poll with 200 people.

Unless you are saying 200 votes = the majority of zcash users.

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Actually Verge XVG got hacked, better: exploited their timestamp bug, the 2nd time within a month because the devs are unwilling/unable to fix the code.

The attack both times was with hashing power from nicehash someone bought. If you dig deeper you will see that it’s on the lyra and scrypt algo this time and i wasn’t aware Asics are on lyra.

And to move it right, actually it’s the Asics on some Verge Algos that make the initial attack on verge more expensive for the attacker. However, if you have a weak code that can that easy be exploited it even doesn’t matter.

Does Nvidia get a pass or what?

You can’t tell me Nvidia is any better with the way they were strong arming AMD with the gpp.

Polls and surveys since ever have been at least questionable. While i agree that on miner important issues this might be ok it isn’t the most meaninful instrument either.

In this case someone made a poll for mostly gpu miners.
Did anybody ask the Zcash holders about their opinion?
Are 200 votes on a forum topic really all Zcash interested people?
How many Zcash miners, holder, investors are there and how many have been reached with this poll?
Did anybody ask the Z9 buyers about it. (Yes, by now they have an investement and interest as well).
Does for example the miner vote with 1 gpu have the same weight as a dev voting?
Does for example the miner vote with 1 gpu have the same weight as a holder with 1.000 Zcash coins?
Was the poll really unbiased formulated (didn’t check, just in generally)
and and and …

Just principal questions that rise immediatly when someone says the poll is the mirror of the majority.

Nothing bad with polls, but talking about it like fair elections just doesn’t hold as an argument.

I hope someone appreciates the irony here arguing against Bitmain because they are communist or they operate in a communist country.

I’d argue they are behaving the most capitalist of all.

Someone asked how we can fix this issue with ASIC competition. I kind of think it can’t be fixed. Your halongs bitmains nvidias pandaminers all come from China. You’re not going to compete with those companies in their own country. They’ll pull out every dirty trick in the game to make it not worth your time.

I can hardly blame them, it’s smart business. We forbade the use of Huawei and ZTE for national security reasons. I could argue yeah that’s great for American companies. I can’t really argue Chinese companies need to play fair when the world itself doesn’t play fair.

What would it take to bring more competition, I have no idea. I’d love to see Intel or AMD directly compete and I mean direct purpose built machines for mining. What would that take? How do those companies approach their boards and sell them on crypto.

I’m not an expert and I don’t pretend to be. These are far reaching questions. So whether your pro GPU/ASIC, if you ask me do I want competition. That answer is yes. The market is prime for it and deserves more options. How we get to that point I don’t know but I don’t agree we need to shutdown players for lack of competition.

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Imo, its not about competition, its about decentralization.
A gpu is way more advanced than asic. And more available around the globe. Litterally any one can go into a store and buy one.
Gpu manufacturers profit a ton more over they are the force behind technological advancement.
Mining with a gpu currently doesnt use all its capabilities, thats why asics succeed in many algos.
What i my self want is a research into an algorithms that uses all gpu capabilities. This way there will never be an asic for such algorithm.
I dont want asic competetion. In fact they shouldnt exist to begin with. The existance of asic is a testimony of programmers failiur.

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Some can buy more GPUs than others. Scaling happens no matter what hardware is used and those with deepest pockets can always scale up more which leads to centralization. The society is unequal, there of centralization.

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[quote=“dbfusion, post:2699, topic:27353, full:true”]
Imo, its not about competition, its about decentralization.[/quote]

Just some fictive questions if you or others don’t mind:

1.) What would be happen if for example a chinese Mining Company, Bitmain or any other, decides to build a mega huge GPU mining farm. Let’s say enough to cover 75% of Zcash hashrate? What would be the reaction, solution, to this? It’s of course fictive, at least i think it is, but what still interesting what would be the measures that should be taken?

2.) How much mining power has the biggest gpu farm? Maybe Genesis? In theory, would it be enough to take out 95% of the altcoins with a 51% attack that are mined with gpu’s? I’am pretty sure their hashrate power would be enough to do that. Actually such a mining farm could attack any coin as they can switch wherever they want. The big Asic farms at least are limited to their algo.

3.) Where does decentralization begin and where does it end? How it comes that me with 1x Z9 is a threat for decentralization but some gpu guy with 100 rigs isn’t?? How it comes that a bitmain mining farm with currently about 10% network share is a decentralization threat but the large gpu farms that for sure can take over 25+% of the network hashrate when switching isn’t a decentralization threat?

Wouldn’t such algo force the gpu to become a full asic itself? I mean a gpu is anyway a general purpose asic. So having an algo made that uses all gpu capabilities the algo would force the gpu to become a pure asic, of course without losing it’s general purpose abilities.

But than again, what would stop the next generation Antminer Asics to have a slightly different architecture focusing on such Algo by adding RAM, DRAM, whatever. I’am really not the tech guy, but common sense tells me that whatever a general purpose asic can, it will be possible to make a specialized asic on that which can make it just better …

Who knows if bitmain or other asic manufactores are not allready working on that ProgPow algo, the details are more or less visible to the public anyway. Someone could even add a conspiracy theorie that even such algo was developed by them tricking projects into it while there is a ready asic for it. (Not believing the later of course, just added as a conspiracy factor).

Thats a different story . And irrelevant . Scaling is fine as long as its equal opportunity . More over it has its limit and it will never be in handful of people in the forseeable future .
A device is available for sale on all countries to all 7 billion population of the planet vs a device released in 5k or 10k batches .
You do the math

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How can you have equal opportunity in an inherently unequal, rigged system? Or are you saying that you and Bill Gates have same opportunity when it comes to build GPU farm?

Its not unequal . Its proportional.
Having 1gpu gives income and having a 100 gives you 100 times more income .

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Why can’t the X3 connect on Nicehash? You can just point to the Cryptonight pool as if you were a gpu miner.

For Cryptonight with 220 kH/s at 8 cents per kW/h:
21%20AM

$948 per month. A little over two months for ROI with the X3.

Go to nicehash website and read their statement .
They do not mine that algorithm

@dbfusion

Yes , but trust me its not there in devices . I guess only v7