Maybe NVidia and AMD will one day release super high end cards… but that’s pure speculation. After all, the Titan V only does 1000 Sol/s, and that’s at what, 3.2x the cost of a 1080Ti? Whereas this ASIC supposedly does 13x what a 1080Ti does and at 1/13th the power. Normie GPU mining will die with ASICs. It’ll just be slightly less profitable if ultra-high-end GPUs come onto the market.
And all Zookos has to do is change the Equihash parameters from {200, 9} as discussed above.
The problem i see is this, conflict on change in consensus. Some users can hard fork the coin with the new rules. I consider this consensus failure if both call it zcash.
The fact is there’s only one implementation of zcash deployed and used by major entities. (pools, exchanges, merchants/users).
So we have to rely on zcashco unless a community grows and starts deploying their own version of this software. It can be fork of the original project. and some pools, exchanges, users start using it. Then everybody will be restricted on what change can be done on the consensus unless all implementations adopt it.
Words can do nothing.
It’s hard.
You can link to this wallet? Thanks.
Technically, there is a wallet for Windows, but it’s fairly shitty, doesn’t let you password protect it, doesn’t use an Electrum 25-word seed, doesn’t let you restore from keys or seed (have to have that Wallet.Dat file), etc. It’s created by the community, so I don’t blame them, but yet another example of the 20% tax we’re paying not going to the development the community needs.
But still a drop in the bucket compared to them continuing to ignore the needs of the very people that pay that 20% tax and keep the network running and secure.
Seems to me Zooko received hefty sums to allow ASIC miners on Zcash, or at least fair delay on fork, but I hope i am wrong.
ASICs are inevitable. So he made the smart choice. He is a businessman. He saw that coming. Nothing wrong with it.
Oh look, the Bitmain shills (Lakh22) have arrived.
ASICs are not inevitable. Look how well the Monero community is doing without them. I actually like ZCash’s algorithm better but if Zookos doesn’t GAF about decentralization, then I guess I’ve got to GTFO of here.
Chafer, google WinZEC. Not the greatest wallet ever but I guess it works…
Blockquote So taking that logic, go buy 13 1080 TI gpu’s, and everything you need to make them run and mine. Just a rough $$ you are like at $14,500.00. At current pricing that is a 16 month ROI
I am not sure what your point is here. The 1080 TI’s will retain 40 to 80% of their value even after 2 or 3 years . The lifecycle for an ASIC is much shorter, and worthless before you know it.
In your example according to “what to mine” if I had 13 1080 TI’s I could make up $60 a day (on RavenCoin), taking about 250 days to get ALL my investment back, and now I also have 7K of equipment to sell if I want.
If you want to play the ASIC game, go for it. Until there is some real competition in the ASIC space, I am out. Ill keep hashing until the difficulty spikes in a month or two, and move on to better coins.
Oh look, the Bitmain shills have arrived.
Says the person who joined 2 hours ago? And if you’re a regular user, why the new account? Let your reputation here back up your opinions.
ASICs need to let live on POW coins to make it profitable for other OEMs to come in and kill Bitmain Monipoly in this sector. ASICs make the network more secure. ASICs are more profitable for miners. ASICs are better at efficiency. These are a lot of positives. And no matter Zcash forks or Monero forks ASICs are the future for POW coins. We GPu miners arr feeling the same pain what CPU miners felt when we took over their party. Don’t understand what the fuss is about. If someone is upset at this just move your miner to other coins you have the option. Wait a minute we need the versatility of being able to mine as many different coins with out GPUs as possible. That’s nice. If all the miners that are upset here should provide the proof that they just mine Zcash with their rigs nothing else. Then they have a case. Not being greedy and crying like a baby. We did this to CPU miners. Its just karma.
I forgot to mention one thing, this new ASIC miner is called z9 MINI. Which means there is non-Mini version around the corner waiting to make this MINI obsolete.
Going to need more to backup this story, recent difficulty trend doesn’t support it at all
That’s my opinion…
Won’t panic, but every € I put in my rig was a € in trust !!!
I trusted in good development of high end cryptography, professional governance, and a sin for social responsibility. This trust is not yet gone, the next two months are the most important of our young zcash coin and will show if a corporation is helpful for decentralized coins or not…
I still want to believe in this project but if there is no surviving possible, I have to leave !
Question for you all: If NVIDIA or AMD released Equihash mining-specific gpus, would you still be asking for a hard fork to change the parameters? The answer is no.
Why is Bitmain different from Nvidia or AMD? Is it because they are crypto-specific ASICs?
I’ve summed up this thread as this:
gpu money-machines are becoming obsolete due to expected innovation, gpu-miners angry that they are forced to change and that new hardware will just do one thing: secure Equihash-based algorithms (and nothing else).
People here are angry because their mining hardware will have less long-term resale value and requires more risk to purchase. If anything, centralization is caused by risk-averseness of smaller miners, not their access to buy ASIC mining equipment which is freely available.
I’ve said this before, but I’m in the same boat and have a lot of gpus to mine something else or sell. I just bought a Z9 because it’s no different than any other new-gpu with better mining capability. The only difference is that this one doesn’t also play games.
Crypto is risky, my friends.
There can only be one Zcash due to trademarks. Trademark policy – Zcash Foundation
For who and for what reasons?
What’s so fundamental on it’s implementation?
I don’t see any competitors, it’s not like any other company is gonna jump out with better tech in a couple of extra months.
Changing equihash params won’t take 200 developers and 2000 hours of development, solutions are pratically ready, it’s just a matter of commitment.
Let’s hope an official statement gets out soon.
2000 USD for 10k @ 300 Watt is ROI in less than 2 months…
EDIT: zcash logo has been deleted from server, lol.
No, you will not. In 3 to 5 months Nvidia will be releasing their new GPU’s will per the speculatory enhancements to the card will mine 20% to 30% more with the GPU’s going for the same price at the current 1080ti’s. This will mean miners will sell there used cards to buy the new ones and flood the market which will reduce the resale of the card.
If you’ve mined with it for 5 months you’ve maybe mined $4500.00 worth of coin. Selling the cards @ 40% is $5,400 and at 50% is $6750. You have lost money
Name calling: “shills” to those that have a different opinion than you on this ASIC subject is against the Forum rules. FAQ - Zcash Community Forum
Please keep on topic and refrain from personal attacks.
Enjoy mining with used ASIC’s and 3 months warranty (2 if you count the time it takes to ship to your address). Don’t cry when they are obsolete by the time you get your ROI.