Let’s talk about ASIC mining

Reflection is valid, I don’t know how digging into the past and throwing mud at somebody is useful, but whatever
Just remember words taste exactly how they sound

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Its interesting to see how opinions change as reality unfolds, and encouraging when people adapt.

I find @boxalex posts interesting, there’s plenty I dont agree with but you never get a short answer and always new things to consider. Keep it up.

it took less than a month for difficulty to go from 15M to 30M.

it is pure madness.

Did you guys ever see dash hashrate when asic came in the network?
It was > x10.
There is no comparison with what is happening with zcash. It’s much more sustainable.

(I’m not saying that ASIC are a good thing)

It’s not mud @Autotunafish. Just pointing out the simple truths of what has come to pass. Many in the GPU camp said over and over again this would be the end result…nobody wins. Now the same folks who repeatedly called the GPU camp greedy, and only trying to protect their investments, etc are the ones complaining about the very thing we “tried” to warn them about. What I find comical is that there was plenty of examples to draw from on how it was going to play out, and where it will go from here (BTC, Litecoin, SIA, just as a few). Why did no one take the warnings seriously when it could have actually made a difference??? That’s a question I wish I had an answer for, not that it is really going to matter now.

I personally said this will not end well, the only winners will be the ASIC makers. Watching net hash go ballistic now, only very large farms with ASIC will survive. Everyone else will be toast over time. Just like I, and a lot of others, said it would play out. It sucks to be “right”, when being right means a huge chunk of the community just got pushed out.

** Add a few more thoughts

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“Do not cry over spilled milk”

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I’m not crying, I’ve found other ways to stay involved in crypto in the few projects I have interest in. Save that comment for the folks who wanted this, and are now getting Rekt by it. My GPU’s are still humming away now that I can’t realistically mine ZEC, just somewhere else. Where ZEC/ETH/BTC are concerned I’m learning to trade conservatively. It keeps me involved, and I don’t have to constantly keep watch out for the next ASIC maker to come blow up difficulty on me. Just have to keep my head and learn to trade with a strategy that minimizes risk.

It’s a common saying. No offense involved.

To make it short, there is no need to bring up what people said in the past and point out they’ve changed their mind.

We should be having more constructive discussions instead of mocking each others.

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I’ve had my moment, I’m good now. I promised when it all came to pass I would remind the very people who slung accusations about motivations I would remind those very people that “this” was what they fought for, and that the rest of us were for fighting against it. I made it clear the reality would not be sunshine and rainbows like it was being portrayed, as many others did, it’s important that it isn’t forgotten for the next coin “victim” and isn’t white washed into “nobody knew it would turn out this way”.

Everyone else who went ASIC that kept it sane and clean, I stand by what I said then, I hope you at least ROI and don’t end up holding a paper weight. I don’t begrudge anyone who can make some money doing it.

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Again, why is today the end? Im pretty sure its not, you gotta think more future tense, look


Did you think not immediately emergency forking against asics constitutes never doing it at all?
Its only the beginning

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End? No, Zcash will go on no matter what. Will they fork, doubtful to be honest. Zooko seems very enamored with the ASIC makers for whatever reason. I don’t see it ever happening in the future, unless one of them tries what occurred to BTC before BCH came into being. That might change some minds, but it didn’t stop them from letting it happen to begin with, so I have serious doubts it would cause a switch in direction in the future if it did occur.

No I think ASIC is here to stay. Mining as we knew it is over. You want to mine you need ASIC now, and you better be able to go big, or your not going to be able to compete soon enough. That’s the reality of the current state of affairs.

I just think it’s funny as hell now! :rofl:

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If you have me in mind than i’am one of these not crying about difficult raise, that’s how it goes with POW and a profitable coin, no matter if gpu or asic. With asic it just moves up faster, logical after the hashrate per unit is higher as well…

Negative. I’m pretty sure you knew full well what the outcome was going to look like.

But you still have fail posts…how you can compare diffictly rise by GPU and ASIC…ASIC rise because Bitmain sell you ASIC and for price off 1 you paid it make 10 more ASIC for themself to mine…its not even remotely comparable with GPUs.

There is a difference between embracing ASIC’s and buying them to try to recoup your investment. Once I saw Zooko’s stance and the fact ZCashco would not fork I bought Z9 mini’s to try and make up some of the difference for my GPU rigs.I argued against ASIC’s like you all did. Luckily, they are going for $900 right now on Ebay which is more than I paid for all but the batch 1 miners. I might sell them in the next month or two if the price does not go up. I plan to profit from them either way. It is what you have to do as a miner in a bear market. Adapt or perish.

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++++


i’am one of these not crying about difficult raise, that’s how it goes with POW and a profitable coin, no matter if gpu or asic.
this is just pure lie.
difficulty with gpu mining and difficulty with asics - are completely different. they process differently.

the only reason why someone would manipulate this way is ASIC ownership.

everything is great in ZCASH network, unless ASICs are let in (Bitmain mostly).
it was the MAIN point for me to choose ZCASH in the first place.

I do not want mining with ASICS, for my own reasons. I do not like that hardware manufacturers strategy always involves manipulation. always.
it is the only way for a company to succeed on that market.

all those arguments in favor of asics have fallen

  • lower power consumption of the network
  • more safe network
  • asics less jump over network

but arguments against asics stand still, and there is more… exploding diff (btw 40M+ already) is just one of them

3 China pools now are 64% off hashrate off Zcash…that same pools for Zcash last year were not egisting

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would like to say that BTG were the leader on whattomine for some time now, for NV1070 for example. but look at the diff chart over the past month.
this is stability what is being missed very much.
and i remember very clearly that ZEC network reality was the same, very predictable chart.
now? its jungle.
and we all made it happen.