I should’ve studied more about it. My bad. At least bitcoin doesn’t have this issue.
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Fur sure that new Asic Miner is a hit for many GPU Miners, but:
- it is more electricity friendly & effective using way less power than GPU’s, fact!
- it is way cheaper than the same hashrate with GPU’s. Everybody can afford 1x such asic, but not everybody can afford a mining rig with the Gpu prices today, fact!
- Does Bitmain mine itself? Maybe, until there is real proof we can only guess. However, you guys have seen large GPU mining farms so far? I personally have been inside 3x large farms with 5,000+ GPUs each. How is this any better than a guy owning 1x Asic Equihash Miner vs Bitmain or 1 Homeminer with 3 GPU’s vs. real large GPU Mining Farms?
- What about evolution guys? At the beginning everything was mined with CPU’s not? Than GPU’s, later Asics, mostly this year FPGA’s and who knows what is raising on the horizont. I doubt someone can and even should stop evolution in mining.
- And come on guys, let’s talk straight, most is about money and only a handfull of us are real believers in a given coin, technology, algo, you name it. GPU Miners are no different. I bet that 95% of you guys if tomorrow there is a coin on a different algo that let’s make you double the profit than now, you switch the rigs in lightspeed, easy as that. While many of you call for loyality on zcash, monero, and so on, your own loyality is tightly connected to the profit of a given coin and this is dangerous for the devs. The advantage of one algo Asics is that they have to mine that algo and to support the coins on that Algos unable to switch away to more profitable coins on other algos.
- IF you guys really like the tech, coin, mining, evolution, you really should consider giving some GPU’s back to the gamers and buy just such Asic, lowering the electricity use multiple times, or is this nothing of interest?
- I have read several times the argument that Asics are only available for a handfull of people and that is simply not true. It’s even harder nowadays to find a GPU at a normal price than a new asic.
- While every GPU miner praises (of course) the advantages of gpu mining i doubt any gamer will agree with you, because we just left them without any options to buy a 1080ti for example for months now.
- Damn, i had to switch my own from pure GPU mining to Asics because there have been no GPU’s available the last 5 months. This is not fairly distributed, not even talking about overprized gpu’s…
- 3rd world and security? Guys, do some reasearch, the poor countries mostly use Asic. Me living in europe has no access to GPU’s, what’s left for some guy in venezuela. This guys there use mainly ASICS! And the reason for that is that the use LESS power and electricity. It’s common sense that everybody searching for Mining Farms is checking first electricity usage of a given object. Tell me seriously what gets more attention. A Baikal X10 for example drawing 150W on the wall or a Rig of 8x 1080ti’s using 2.000W?? A Z9 Asic for Equihash with 300W or the same hashpower with 25x 1070 using at least 2500W? Everybody in a country where mining is a problem will use the Z9, easy as that.
- While the argument that asic may destroy a coin it’s only half true. It may apply to a weak coin without much future, same will happen even without asic, easy as that again. For a good coin with value, like Zcash, it will not matter if mined with gpu or asic or whatever. Saying the coin will go down if mined with Asic is like spreading FUD.
- there are many more arguments in favour of one side or another of course. But most times the coin in question is left out in such discussion as only profit and the fear of losing profit is the intention of most people posting in either favour.
- One of the biggest arguments of anti-crypto “propaganda” in general is a valued one, the high electricity usage. Everybody of us should have an interest of cutting that down, be it just to prove the anti-crypto guys wrong.
- Asics will continue to try and manage to get into every possible algo, soon or late, just logical. The ones that no Asic will be in will be a target for FPGA’s that are soon coming, just logical again. EVEN and just in case, some coins fork away to asic resistant algo’s, the effect will be nearly the same. Just pushing more and more GPU’s away from the (new) asic algos into the non asic algos. Someone don’t have to be a rocket scientiest to forsee this
Finally, yes, a new account. Yes, i purchased 1x Z9, i underline 1!!! And yes, you won’t believe, i have some 1080ti’s GPU’s too mining equihash, but with such an electricity friendly 300W miner at the price of 2x 1080ti’s i must be an idiot not to give it a try. And yes, i saw a link on bitcointalk to this forum here in the Z9 discussion. And yes, i do not like the hypocritical voices saying how bad it is for a given coin when asic come while having only the own profit in mind.
And yes, i do not think that i’am any different owning let’s say 3 different asics than anybody owning 3 rigs… My contribution to decentralization is the same as the guy with 1, 2 or 3 rigs.
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@Shawn anything you can do about these brand new troll accounts?
Blockquote 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
Bitcoin has been ASIC for four years, and Bitmain has a monopoly. If there would have been competition, it would have happened by now. No one in the USA or elsewhere can apparently compete with cheap China labor and whatever other factors go into making an ASIC. You think suddenly a company is going to compete for shitty Zcash market share when they could go after Bitcoin??
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Kek is a trader and non miners opinions are something that is in short supply here
And i agree, regardless of this there is a schedule for sapling which I assume to be priority for Zcash co, we proceed as planned for now
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Blockquote
it is more electricity friendly & effective using way less power than GPU’s, fact!
BS. ASIC’s don’t save electricity at all. Any miner can tell you if they can afford 10KW of power for running graphics cards, they will use up that same 10KW of power in ASIC’s. No power savings, ever. You do save space, that’s about it (but have to add more infrastructure for power, network connections,etc)
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I’ve been a Zcash miner for 12 months, never registered on forum, but this is the topic that interests me, and I want to discuss it, or you have a problem with freedom of opinion ?
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You made your post right after mine. Just out of curiousity, just because it’s a new account makes it automaticly a troll account?
I don’t have a problem with you expressing your opinions. Your comment was trolling and added nothing to the conversation. If you want to attack or intimidate people this isn’t the place for it.
Nope. It was the discourse. It needs to be non-trolly and add value to the conversation.
The fastest way to calm the storms is stop putting off making a decision and make a decision already, one way or another. You are out of time, The ASICs that didn’t exist, exist, and have existed for awhile now. Now Bitmain is selling the “non-existing ASICs” to anyone and everyone who will pony up 2K per unit which are less than half the price of a 8 card rig, and offer 2-3X the hash power for 300w or power. That’s a big deal folks.
The community has decision(s) to make based on which way Zcash goes. Either Zcash sticks to what it told us in the beginning and everyone calms down, or everyone starts trying to buy these overpriced single sourced tin cans to try to stay into the project or looking to switch to a project that doesn’t view the community miners as disposable. You are correct Zooko opinion isn’t a decision, but a lack of a clear decision leaves everyone in the room looking at the “Most Recognizable Person” as the barometer of what is to come.
The bloggers and you tubers are already spreading the word about it…and they are wondering as well…what is Zcash doing???
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You are right. ASICs do not save electricity, even though they are more efficient.
The overall power consumption of a cryptocurrency network will be the same with GPU mining and with ASIC mining. The network will always increase to the point where the average miner is just breaking even on his electrical costs.
So any argument that ASICs are somehow save energy or are better for the environment is completely unfounded.
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yea agreed.
I’m sure we’d all like to see Zcash team announce ASAP a YAY/NAY on whether the towel will be thrown in and we all bend over to Bitmain or whether we hardfork to preserve one of the original selling points of Zcash (anti-ASIC) in the first place from back in 2016.
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20% for what exactly again? Yea.
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Blockquote So any argument that ASICs are somehow save energy or are better for the environment is completely unfounded
You could even go as far as to say the ASIC’s are a toxic waste. ASIC’s are single purpose and become worthless much faster. Whereas Graphics cards get recycled/reused for 5 to 10 years Just look @ how many people still use the Nvidia 750 TI. they were released in 2014 for $150, and sitll sell for $70 on ebay - 4 years later! I’ve never seen an ASIC hold 50% of it’s value for much over 6 months.
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I put in this way. I don’t care about ASIC or GPU.
If no fork I’ll buy the ASIC
If fork is likely possible, I won’t buy the ASIC.
The silence just push me off the game.
I don’t disagree with your stance. I won’t hide it, I don’t like ASICs (don’t like Bitmain to be precise). However, I said in a previous post a decision has to be made and announced. YAY/NAY on a fork so people can decide what they want/need to do.
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@zooko @bitcartel @Autotunafish @daira @Shawn
Did you or the Zcash corporation have or have you had any contact with Bitmain or any other ASIC manufacturer, any of Bitmain or other ASIC manufacturers subsidiaries or agents regarding strategy, implementation, timing, pricing, acceptance of any hardware based ASIC mining equipment?
This needs an answer.
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Totally Agree.
We just want to know YAY/NAY on a fork.
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yes. we all want to know. please give us an answer.