Lotta capacitors! 20character
Which confirms, for the millionth time, that it would be trivial to get rid of these ASICs.
3 Likes
Why so?
They don’t have enough ram to handle the higher memory requirements of different Equihash parameters.
As far as I know, the Z9 also cannot mine “Zero,” which is an Equihash coin with different parameters that require more memory.
So it seems certain that changing the Equihash paramters would invalidate all of the current Equihahs ASICs. This is also a very easy change to make. It’s inexplicable why the Zcash developers won’t do this (unless they want ASIC mining to replace GPU mining).
3 Likes
Update of Network and Market Statistics:
The following are all based on the average from the last 7 days (so eliminating impact of daily/hourly volatility in measurements) vs. 30 and 90 days ago…
Difficulty:
- Difficulty has increased 25.3% vs. the same period 30 days ago.
- Difficulty has increased 5.3% vs. the same period 90 days ago. (much higher price, see below)
Market Price:
- Price has decreased 30.6% vs. the same period 30 days ago.
- Price has decreased 41.8% vs. the same period 90 days ago.
Price:Difficulty Ratio (Mining Earnings Ratio) :
- P:D Ratio has decreased 44.6% vs. the same period 30 days ago.
- P:D Ratio has decreased 44.7% vs. the same period 90 days ago.
The Price:Difficulty ratio over a period of time is an important measurement because difficulty changes have by far the highest correlation with market price. Price goes up, difficulty goes up, and vice versa. This measurement represents the general compensation motivation of the mining community to provide hashing-power to Zcash. It’s significant drop with the significant increase in difficulty is what is expected to happen when ASICs are announced and released on any crypto network. This period measured represents the period of time that public disclosure of the ASIC mining happened.
I believe we are already seeing our 30% increase in mining impact that was expect in month 1 following an ASIC deployment.
2 Likes
I would like to see a direct comparison with Monero (a direct competitor without Asics) to see what the outcomes is… You are going to do it or i have to do it with my next morning coffee??
Note: these are not shown on the same Y-axis as each other. So you can compare how the three go up and down compared to each other but you can’t compare the heights to each other’s heights because they are on different Y-axises. I believe there is a conversion ratio between the different difficulties proposed in https://cryptolux.org/images/e/ef/Zcash_Mining.pdf . Plug those conversion ratios into Charts - Coin Metrics instead of the “100000000 *” and “10000 *”, and post the results back here! Then the relative heights will be more fair of a comparison.
1 Like
Moneros gonna take more work but Zcash with difficulty 0 at Oct 28 2016 to 10M at Jun 17 2018,
597 days total
Half way point about sept 17, 2017 with difficulty 5M, it hasn’t dipped much more than its spiked or the other way around, so id say the average is right about there, maybe a little over (thats not using any conversion besides deduction from visual cues)
Though Monero and Ethereum are good comparisons to each other (similar hardware, AMD prioritized), unfortunately they aren’t great comparisons to Zcash (nVidia prioritized).
Also, While these others are definitely down as well, they are significantly higher than they were a year ago (ETH is up 25% from June highs last year and XMR is up 123%) whereas Zcash is actually down significantly from last year (-52%).
But ultimately, spending $100 on ETH, XMR, or ZEC…is still just $100 regardless which one. However, the recent drops in price with the increase in difficulty has moved ZEC from the most profitable equihash currency to mine (with 1080 ti hardware) about a two months ago to the least profitable today. For the last year ZEC has enjoyed being consistently in the top 10, generally neck and neck with ZenCash and Hush. Today it’s down to #27. It’s actually more profitable to mine ETH today with nVidia hardware than ZEC (and nVidia is far from ideal for ETH).
There are two groups of miners, speculators and daily operators. The daily operators run their operation based on whatever is profitable that hour/day/week. They are fickle and cause most of the difficulty volatility. Those still supporting the network are doing so because they believe ZEC will have gains in the future (the speculators), but that will erode very quickly the longer this standing continues dropping.
I don’t have any concrete reason to say “ASICs!” but this is the same pattern we have observed when ASICs deploy on other networks.
3 Likes
I do not mean to offense developers or miners but sometimes I have a negative picture in my mind about the ZEC future in next quarter or this year.
When the bearish market continues and makes ZEC to 100$ and the difficulty peaks to double or triple, Most GPU will stop mining ZEC anyway and how the team can protect the network from being attacked by ASICs like Bitcoin gold in the past?
7 Likes
www.f2pool.comPPS
89.91 MSol/s
F2pool now jumped far above nanopool and is Chinese pool for ASIC
1 Like
Even after the market drops and ASICs presence for several algo I still see people paying 200 dollars for used Rx 4/5XX and over 400 for 1080/1080 Ti. I am unable to understand what is going on.
Interesting Research Paper of Asics on the Bitcoin Network, electricity and some other facts:
https://s3-eu-west-2.amazonaws.com/assets.coinshares.co.uk/wp-content/uploads/2018/06/06140515/MiningWhitepaperFinal.pdf
Researched estiminated distribution in Units:
Antminer S7: 100,000
Antminer S9 Publicly Available Units: 660,000
Antminer S9 Private Bitmain Facilities: 230,000
Dragonmint T1: 10,000
Avalon 721: 300,000
Avalon 741: 300,000
Avalon 761: 200,000
Private Bitfury Units: 112
Publically Available Bitfury Units: 448
Bitfury Hut 8 Units: 57
GMO Mining Units: 32
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GPU is not used just for mining.
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" demand more ASIC dont hate them ", yea sure, why not … Maybe you can demand more ASIC , but people like me who lives in Venezuela it’s not so simple like get up and go for the breakfast…
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Isn’t everything is an asic from you’re tv remote to a bitmain S9? Just scaled and programmed differently? No algorithm is asic resistant according to Kristy-Leigh Minehan (ETHlargement Pill creator). I think forking is a temporary solution to the inevitable.
Asic will only show up if a algo proves it can make money. And that is done by the gpu miners. Who are the one’s that mine it first. Asic will never jump on a algo that no one has tried to mine with any other hardware. Asic is a joke and Asic is bad for the crypto world!
5 Likes
The goal of a memory bound PoW is to make any ASICs face the same memory bottleneck that CPUs and GPUs do. Just as these processing units must go off-chip to access global memory, so Equihash should resist single chip ASICs with self-contained memory. (144,5) does that an order of magnitude better than (200,9)
11 Likes
Support asic:weight_lifting_man:. Because this is a general trend, but it is necessary to control asic manufacturers.