In my opinion, we should embrace ASIC at the period of hash rate substantial growth instead of resist it or turns to POS. ASIC is an essential unit for a mature POW system. What we need to do is to maintain the stability of the algorithm and promote the development of ASIC, achieve decentralization slowly.
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How are you going to maintain the stability and work toward decentralization if about 75+% of the asic miners are concentrated (centralized) in china?
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Thoughts about the Monero Asic.
After the Monero Hard Fork i see a big increase on the natural asic friendly cryptonite coins like BTN, ETN for example. Means a good portion of the Monero hashrate went there.
But this does not seem to be all as i see other big increases of hashrate on various algos:
- Cryptonite V7
- Cryptonite Heavy
- Cryptonite HeavyX
- Equihash 210,9
- Equihash 150,5
- Equihash 144,5
- X16s
I have a feeling that there excists a big hidden secret Asic or FPGA (farm) that is responsible for this. Seems the unit is designed to deal with higher memory requirements.
It wouldn’t have taken my attention without the monero fork. But with the successfull monero fork and a big increase on the above mentioned algos the simples explaination is that the the units that mined monero are now on these algos…
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Decentralization or centralization are decided by energy distribution instead of algorithm in the long term. As far as I know, the lowest electricity cost of Chinese miner is about $0.01 ~ 0.05 in the wet season of SiChuan province. In addition, they also need to bear the mine management fee about $0.02 and the cost to transport the machine to SiChuan. The machine loss rate is about 20% under transportation. So, their comprehensive costs are not always higher than the rest of the world. The decentralization will be realized by intense competition all the word if we don’t set up technical barriers for ASIC.
(Off topic, crow mining is coming, train them to find coins for peanuts! Im serious!)
What’s ASIC mining? In simple words, please
A bit off topic but still interesting in my opinion.
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HOLY SH*T
135KSol/s @ 1400W
for 1242$
AND IT’S SOLD OUT
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Evolution of Equihash Asics:
Bitmain Z9 mini:
10 kSol/s at 300W
Bitmain: Z9:
42 ksol/s at 970W
Innosilicon A9:
50 ksol/s at 620W
Innosilicon A9+:
120 ksol/s at 1550W
Bitmain Z11:
135-142 ksol/s at 1418
good luck with ROI of all this hardware 
Sidenote. That’s about more than 10x Z9 mini hashrate with the Z11. Seems it’s time the Z9 mini is forced out in medium to higher electricity regions… Seems our low mining community will be even lower in some weeks.
How will the Z11 effect the Z9’s? I was curious about this topic… If it makes any difference my electrical rate is 7 cents per KWH…
1300$ will roi 99.9%, with that hashrate…
That’s up to several factors:
- batch size of the Z11
- batches to be released and how shortly after this one
- mining location and electricity price someone pays
The Z11 is more efficient than the Z9, exactly 2x as efficient
Having in mind the high hashrate of the Z11 i’am pretty sure the Z9 minis are now forced out soon as they can not compete with the efficiency of the Z11, expect if you are in a <5 cent per kw/h electricity region.
Just logical that the next hardware to be forced out will be the Z9, as it’s the next less efficient one of the list above, but that’s all about how many Z11 to enter mining facilities. If they produce only 1,000 per month it will take some time, if they produce 10,000 per month it will be quiet fast in my opinion. Just some thoughts. Without numbers on batch size it’s only guessing…
I had in mind ROI the Z9 mini, Z9 and so on … not the Z11. Seems i didn’t made it clear…
Edit: Even with the Z11, it’s up to how many units will be produced. If there are coming 10,000+ units per month online i doubt it will ROI 99,9% for the average 10-15 cent per kw/h miner guy…
Edit 2: The Innosilicon A9+ is very efficient as well. So it’s up to them as well how many units they release monthly. And maybe another more unit is coming online maybe some Innosilicon A9++++ 
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Thank you for the insight on this subject… I was just always curious as to how long the Z9s would stay relevant… Once they’re pushed out I think I’m gonna be done with the mining I don’t want to invest into hardware again… or if Zcash just out of no where moons that may be able to keep them around a little longer as long as the difficulty wouldn’t go exponentially high…
Totally agree, that’s why i personally stopped mining allready in December 2018.
It just doesn’t make sense anymore on normal low prices to invest that much into mining and sponsoring hardware and electricity companies as these get ALL your money day by day 100% and we miners today never even will ROI in normal electricity price countries ~10cents, leave alone these with high electricity prices like germany for example at 35cents
We all thought the Z9 mini will ROI, it didn’t and won’t. Than the Z9 same game, same result. And i’am pretty sure the Z11 and Innosilicons will have the same faith. The question today is only how much % of the ROI they reach, not if they ROI at all. They simple won’t if you are not in a very loc electricity cost region, easy and simple as that.
You are right with mooning would help. But there are 2 problems with this:
1.) An investment shouldn’t be based on what if mooning prices but more on worst case scenarios.
2.) IF mooning more hardware gets online again, more hardware will be produced, more hardware will be sold. Just logical. Means a mooning effect would be only very temporary.
Just my opinion and some thoughts and the reason that most of my bets/bags go to POS today so i don’t have to sponsor hardware and electricity companies … 
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Which Equihash flavor is currently considered the most ASIC-resistant?
Not 100% sure, but my from all equihash flavors i’am aware i would bet on equihash 96,5, Minexcoin is using it for example. Next one could be equihash 210,9, but as said, no garantee.
For equi 192,7 and 144,5 pretty sure asics can mine on these allready.
Just my personal opinion from overviewing these from time to time, no garantee. Maybe someone with better technical skill gives an input as well.
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The fall of Bitmain: Canary in the crypto mine?
https://bravenewcoin.com/insights/the-fall-of-bitmain-canary-in-the-crypto-mine
guyzzz
new bitmain miner - z11
135 000 sols - 1420 watt - 1242 USD
compare to A9+ Zmaster (BEST OF THE BEST, till yesterday)
120 000 sols - 1550 watt - 5000 USD
questions i want to ask to my all fellow miners who always defending their z9 minis (criticacid, boxalex etc etc)
how you guys like this overnight sudden gamechanger for the whole project?
what do you think about those who two days ago bought very best and only miner there is for 5000 usd?
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