I never said people aren’t mining other coins on equihash too, my argument is that the majority of equihash asics is literally forced to mine ZEC
Ok, seems i have to draw and paint it in easy mode with my morning coffee, lol.
Current state of your whattomine screenshot:
BTCP 5 MH/s Rev. 3.70 Profit 2.84
ZEN 215 MH/s Rev. 3.48 Profit 2.62
ZCL 56 MH/s Rev. 3.42 Profit 2.55
KMD 16 MH/s Rev 3.18 Profit 2.32
ZEC 2300 MH/s Rev 3.26 Profit 2.39
State after shifting hashrate and doubling the hashrate with 292 MH/s from ZEC of the other coins:
BTCP 10 MH/s Rev. 1.85 Profit 0.99
ZEN 430 MH/s Rev 1.74 Profit 0.88
ZCL 112 MH/s Rev 1.71 Profit 0.85
KMD 32 MH/s Rev 1.59 Profit 0.73
ZEC 2008 MH/s Rev 3.68 Profit 2.82
Now let’s double the hashrate with another 584 MH/s again for these coins with ZEC hashrate
BTCP 20 MH/s Rev 0.92 Profit 0.07
ZEN 860 MH/s Rev 0.86 Profit 0.01
ZCL 224 MH/s Rev 0.85 Profit -0.01
KMD 64 MH/s Rev 0.79 Profit -0.07
ZEC 1424 MH/s Rev 4.78 Profit 3.92
In the latest extreme example that can’t happen at all we see that all other coins have a hashrate of 1,168 MH/s together while ZEC still has 1,424 MH/s. This is the current worst case scenario which huge theoretical shiftings which never will happen in reality.
Conclusion: In worst case ZEC would still have the majority of the Asic’s hashrate, they are literally forced to stay on ZEC as all other coins don’t make any profit anymore after a given hashrate is shifted.
The fact that Nicehash, Miningpoolhub and some other pools are shifting hashrate around, some miners shift them themself does not mean the MAJORITY can shift, as shown in the examples they … just can’t.
Hence, for the last time, the majority of the ZEC asics MUST mine ZEC to stay profitable, it’s that simple mathematics that someone can only wonder how someone doesn’t get the logic behind this.
Another sidenote: As this is good for ZEC it’s not really good for the other coins on the equihash algo. On given asic algos only the top coin that can handle all this traffic has a real good advantage while the others are more or less directly opposed to security and attack risks with the way lower hashrate.
Edit: Your main problem and wrong doing with your assumption is that you reflect the behaviour of a minority of equihash asic to the majority of them. An anolog than back would be (actually a valid one), that ALL ZEC gpu’s than back could switch tomorrow away from ZEC because ETH gives 20% more profit on whattomine.
Here you go, there is even no threshold of how many gpu’s can switch while with the equihash asics there IS A threshold of theoretical possible switching asic hashpower on equihash with the result that the majority CAN’T SWITCH.