Let’s talk about ASIC mining

we can see very clear who bought z9 and who is trying to understand how actually mining works.

who of these two cares more for project, and who is here just for profit, no matter how.

rhetorical question…

but we will find other coin, which will stand for community, no panic :slight_smile:

100 percent that even this won’t make brain work for those who already bought z9.

just greed.

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Got an email from Bitmain:

1st Batch Z9mini, Retail Price/USD 1,999, Estimated Shipping Time 2018-06-20 to 2018-06-30,

  • will receive 2 separate coupons of USD250 for each Z9 mini miner purchased = USD500 in coupons

2nd Batch Z9mini, Retail Price/USD 1,520, Estimated Shipping Time 2018-08-24 to 2018-09-04

  • will receive two units of Z9 mini instead of one.
    For eg, if you had bought and fully paid for 3 units of Z9 mini, you will be receiving 6 units of Z9 mini.

On their Page they announced the following:
New Price today for Antminer Z9mini: 850 USD, Shipping: August 24th- Sep.4th

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Don’t say that GPU miner is not ‘Greed’, both are driven by profit in general, what makes difference are GPU miner put their investment based on more consideration, one of them is the future prospect and what’s ‘promised’ on the coin and then profit of course. While ASIC miner, put their investment on pure risk taking (sorry to say this, but this is what i feel), after monero fork and how monero community react to ASIC, some of people still ‘dare’ to purchase ASIC while it is clear that “ASIC Resistant” word is here for years and it produce a lot of uncertainty about the future of their investment. Sadly it is too late to back out for anyone purchased z9, all they can do is defending their investment and try not to lose this war of interest.

i’m not interested in debating, in the end we’re not the one taking the decision, so i’ll wait for official decision instead. @boxalex you’re awesome.

running back to cave

this might interest y’all

if you want to vote, there’s still time to apply to the Community Governance Panel, all the info is here: Community Governance Panel

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It sounds like Batch 2 people get the better deal. Wait 2 months, get twice the hashpower and save $500.

It says hard fork date is between September and December of 2020? ASIC resistance is not impossible. Like anything it is achievable if you want to put the effort into it.

this “little” change of strategy from bitmain does not bother you at all?

well, i rest my case then.

no, i just purchased one and it doesn’t bother me in any way. Of course free coupons are always welcome, in worst case someone can sell them on ebay and still get some bucks…
I just shared it here for the others that purchased or are thinking about a purchase so everybody knows what is going on.

When you sold your 2 x GTX 1070 to buy 1 x Z9 mini.

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Why is the most complicated, development (and later on - also managing and provisioning) resource hungry way is even being considered is beyond my mind. Either leave it as it is (to be overtaken by AISICs with time) and don’t bother with it anymore, or start working on the algo which puts AISCs to the same level efficiency wise as GPUS.

The ballot about algo which balances out ASICs of all possible kinds and GPUs would be more interesting imho…

Yes that is all that is really needed. Make it similar to Ethash where the ASIC’s aren’t much better than a GPU rig. And GPU’s have a better resale value.

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Somebodu just put 130 Mh on Zcash even price went down.
Its not hicehash …i have last 2 days put NVIDIA on nicehash and nicehash all the time mine Lura2rev…i dont thing nicehash will ever be back to mining equicash with GPU.

So 13 000 This Z9 have come online today …are they from buyers…you sad only 100 Z9 have been received…from where is other 12900 Z9…

There can be only one who do it…Bitmain…and even if we say that he did not mine at all until today he now in one day take control off 33% off Zcash hash rate.

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As i can see reading this proposal is to make Zcash even more ASIC friendly with more simpler algo …so why they even started with equicash…Zcash is lost in space.
I stopped mining it 2 days ago…and i am sucker i did not sell when it was 700$ …if i knew then it will be ASIC coin i would not wait a second but then i thought it will be coin for the masses.

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Interesting read and suggestions, as well as the article that influenced his proposal:

Everything makes perfect sense and it’s a good overthought proposal in my opinion.

Just 2 points i’am not sure he did choose the perfect direction:

  • moving to a new algo so every Asic can begin from 0 and have the same chances. While i see the intention behind it, which makes perfect sense, i’am not sure if it is the most practical to use for several reasons:

1.) In my opinion again the manufactor with the best R&D will release fastest the Asics, mostly again Bitmain.

2.) Again the biggest manufactor, again Bitmain in my opinion, if needed could build again most of these Asics.

3.) Due to point 1 and 2 Bitmain again would dictate the price more and/or produce cheaper again leaving it in a position it is allready.

4.) In case only ZEC is on the new algo, not sure how many manufactors would see this as attractive enough to build a unit, to competete with Bitmain and to invest in a project with 1 coin/token on a given algo. In my opinion this increases the risk of other manufactors. While Bitmain of course, with the biggest budget could take the risk with ease. Eventually a “consortium” of coins moving to such algo would decrease the risk for the other manufactors and increase the willingness to investe in such project.

5.) In my opinion the proposal forgets one important point for competition. Time. From my observation it takes a lot of time for many smaller Manufactors to get on the rails. Be it due the slower R&D, limited funds, logistics, whatever. With all the above allready mentioned points it would be another point that favors just Bitmain in my opinion.

6.) Wouldn’t it eventually favor the excisting smaller manufactors more if an algo is choosen that already exist and mining unites are allready manufactores even by smaller manufactors? For example these algos have allready at least 3 manufactors delivering Asic units: Cryptonite, Blake256R14 (Bitmain not present), Blake2b, SHA256, X11. I’am leaving Scrypt out as it is mostly a too slow algo for ZEC. I’am not saying this would be a better option, no way, just saying it should be considered as an option that maybe favors the smaller manufactors more than a new algo.

7.) As we again mostly only guess, eventually it would make sense to contact ALL known/interested manufactors with a poll or survey to see if the new algo idea would be supported by them. I mean without them the whole proposal would again be only time consuming, using resources for just nothing.

And the second point:

  • POS. As daily the huge gpu farms get bigger and bigger, the huge asic farms get bigger as well, both with access to lower prices, lower electricity, lower everything, i come more and more to the conclusion that there is not really much place longtime for the smaller private miners no matter if asic or gpu. Same goes for the smaller projects with small networks. I was shocked when i realized that only 20 coins are currently more or less 51% attack secure, seriously.

While i was until this whole debating here absolutly anti POS as i still believed in POW be the right thing to provide what a project needs daily driftin more and more in favour of POS, no matter i’am an Asic Miner. I have no problemm to admit that it might be the better, the more secure, the fairer, even the more decentralized option and leaving way more resources for the project to focus on technical advantage than on forking, mining pools, manufactors, whatever. This said Zcash should eventually consider and/or researching, no matter short or long term, POS.

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and this is decentralized torrent type users. We may give ours computers when we don use it and this millions of PC may create so strong hashrate and take back some money for its price and after this we may buy new PC. And after this we dont need to invest to strong data centers. This good for econonomic, for stability, for all people. Best sistem its universal sistem than stupid asics which may work only to one algo. We need to create system with wich we more dont need strong data centers which may build only big whales and stand more rich with new day. We need to share money in all society. This is so good for economics and this is good for all people because usual people is be share this money with other people. We will provide this sistem for decentralization resources and its best exchange than big whales who want only more profit and and spit on other people. Early i think that we are here only for this reason but team of zcash it seems so does not believe in our win.

OMG, just stop posting such long posts.
stop justifying ASICs for Christ sake

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actually i didn’t, i favoured POS.

neither you are the one who will tell me what, when, how, to whom i post/reply …

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you dont want better for all, you just want to reach is be more reach. Decentralization is create for security and for all people. You want only control and dominate. you want change people for stupid robots and control all our money. that would put us on our knees Go to work in bank and build your thinking in this dying system.