Good you found it as it confirms that i never denied it.
Too bad you didn’t post the whole context …
But doesn’t matter. It still hold true as we only guess we know bitmains miningpool which showed up as <10%. Nothing has changed with it, we just guess it is them using this adress for the mining operations: t1S4ydQEgzgLuWWvHiRBfcqW7AFE3RssVHy
I seriously don’t see the point you make, you try to lay something in my mouth that i never said and as again explained detailed, we still only guess, no matter there is a high possibility it’s theirs.
I’m not clear what the argument is exactly. You mean to say that we are only guessing what the outcome will be with the z9?
I agree with that.
We have a small sample size of 77 z9s. Who can say if they are even in zec. Maybe they are on hush or zen? I think with a small sample really nothing can be said we are all trying to make the best educated guesses.
So now when your group of anti-asics uses these digits it’s a fact, it’s ok, it’s true, it’s valid it’s everything. IF i use the very same number a sudden it’s not true, not a fact, not valid.
How it comes i can’t use the very same number in the very same context every anti-asic guy here is using? Copyrighted?
No problem, call me wrong, but in the same sentence all all others that mentioned Asics on equihash so far as well wrong.
No matter anyway. The hashrate gets shifted a lot the last 2 or 3 days due the mining hashrate chart, so we can use new numbers soon without discussing how much asic hashrate bevor was on the network… Easy as that.
Argument lost, give it a rest too…
not only in this post but many others earlier .
people speculated about bitmain stealth mining .
he said there are no facts that supports that . so we can’t say this .
we will be only guessing .
if you followed the last hours or so conversation
you will see him trying to prove that zcash is secure because of asics mining . not only that but claiming now numbers from 10% up to 85mh !!!
this is in an attempt to justify another claim he made that zcash is only secured because of asics mining !!! not because of only gpu miners .
so he switched position from not accepting speculation and guessing without proof .
to completely guessing and speculating that asics are stealth mining just to prove a losing argument .
This gets below my level of fair discussion when someone intentionally puts something into wrong context to make someone looking bad and funny. Nice tactic, but i’am not falling into that trap anymore…
Only reason you so call secure coins are for you “secure” is that on all off them Bitmain has more then 51% hashrate in their mining centers.
Look LTC which is second most valuable ASIC coin …someone in just FEW DAYS put online more hashrate then it was in whole world so network jumped from 40 to 100 in just days.
And off course only who could do that is Bitmain .
Not to mention what they were doing with Bitcoin just to make more money on transactions.
ASIC are reason that after all this years crypto is only for small group off people and normal people look it as a scam and no one is using it.
And you hijack this thread and every second post here is yours…it so obvious that posting here is your paid job …no one has that free time.
Actually it seems it’s one of the advantages of Asic Miners, as we adjust our Mining Units only with 1 click from distance it seems we have way more free time than others …
Antminer L3+ ASICs became available to the public in May of 2017 (right at the second “LTC” box on the bottom). These produce 500 mh/s at 800w. The updated models produce 580 mh/s at 870w.
This means that for someone with cheap power, the L3+ produces a profit of $1.34 per day. The capital recovery period is 447 days. Innosilicon’s are even worse with a capital recovery of 800+ days. (So much for competition among ASIC manufacturers!)
These numbers make me think that no sane person is buying publically available Scrypt miners at retail prices. So why in the world is the hashrate rising so dramatically? It can’t be because regular miners are buying Scrypt ASICs. A single 1080 Ti, for instance, provides a higher profit with lower power consumption, lower noise, lower heat, and greater resale value. I can’t imagine anyone would look at the numbers and conclude that Scrypt mining is a better investment than GPU mining.
So who is mining Litecoin? The answer of course is Bitmain and a few other ASIC manufacturers. They are mining on far more efficient hardware and selling the scraps to the public.
This is a complete farce. There is no point to proof of work if one party controls a majority of the hashrate and hoards all of the powerful hardware.
Also, I’ve noticed that there are some average Joe miners who are pushing for ASICs. Assuming you guys aren’t Bitmain shills, you are complete suckers. Every ASIC-mined coin ends up with lower profits than GPU-mined coins. Yes, you might make a couple bucks with your batch one Z9s, but in the long run you will lose because one of the biggest mineable coins will become unprofitable for anyone other than Bitmain.
No, this is actually how mining was designed to work - it creates a balance between mining costs and the price of the coin over time. The higher the difficulty, the higher the price goes due to scarcity.
The purpose of difficulty increases isn’t to lower profitability but to stabilize block times.
I also don’t think mining is “designed” to have only a few participating in the end. It’s quite the opposite in fact. If mining leads to having only a few participants, then there is no point of proof of work mining!
I think GPU mining is a lot more in line with what mining is “designed” to do because GPU mining allows more people to mine.
The value of the coin is most important not whether it is GPU or ASIC mineable. The higher the value the higher the hashrate because it is more profitable for people to mine. GPU and ASIC are just the equipment usable so you need 51% of either. There is nothing magical about ASIC’s that secure a network. They prevent GPU based attacks since they are more efficient, but that is all.
To be honest it’s not valid either way. Neither side can prove what is, or is not, on the network at this very moment, let alone yesterday or three weeks ago. It’s all speculation unless someone can come up with some evidence either way.
The reason blocktimes need to be stabilized is because of profitability of mining. If it’s profitable, everyone will want to mine. As everyone rushes in to mine, it becomes unprofitable. The system is build around profit seeking: the cost of mining compared to the exchange rate of the amount of coin mined.
I also don’t think mining is “designed” to have only a few participating in the end. It’s quite the opposite in fact. If mining leads to having only a few participants, then there is no point of proof of work mining!
You misunderstood what I said. When the difficulty increases some miners stop until profitability returns, then they get involved again.
There are more non-technical users than technical ones. I think ASICs open up mining to everyone whereas gpu systems are complex to setup, have very specific electrical requirements/knowledge and involve some knowledge of software/overclocking. With an ASIC you just plug it in, go to the configuration page and put in your pool info.
When i read your post i dont know should i cry or laugh…you dont know 1 cent about crypto or mining but you keep posting and replying to everyone.
This ASIC that he sold for 2000$ + shiping + taxes cost Bitmain no more then 200$…so when one entity has cost off mining 10 TIMES less then everyone else for him mining will be always SUPER PROFITABLE…no matter the price off the coin.
But for others is NO…so ASICs very fast became unprofitable for everyone else…most dont live more then 6 months and go to trash.
On GPY is different because price off GPU is similar to everyone in the world so on ETH is equally spread so you have that on ETH even low budget cards are profitable for years.
