Diversity is strength 
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Just fork stupid asic’s , they are like plague…
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I agree. It’s getting the ZcashCo to get their priorities straight…that’s the challenge.
I had a novel idea last night. Why can’t the founders come up with an arrangement with Bitmain? Maybe start a Zcash store, where the miners are sold exclusively by the foundation to it’s user base for ZEC? Maybe buy them and hand them out in a Zcash advertisement campaign? We are not Bitcoin, we have a corporate shell with ZcashCo that can make arrangements in a business manner. Bitmain gets their money, the community gets even distribution with the ASIC miners. Win/win, correct?
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OK, here is another one. The foundation buys them up and has them delivered to Venezuela.
I think that if there was an open and shared community for the development of Asics with highly distributable projects, it would make sense to continue on the path of Asic mining. But with just one big company that holds the monopoly without any competitors like Intel vs AMD it’s no sense.
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I hate to be blunt but your idea is not sound, it is has blown my mind. I’m not even going to go into how bad of an idea that is.
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ASIC technology is the way mining should be.
I believe what people don’t like about ASICs nowadays is actually just hate for Bitmain, perhaps rightfully so. So easy to hate the big guy. Anybody old enough to remember the wintel monopoly when it still was cool to debate it? Does anybody know why that debate is dead? Because Intel and Microsoft are no longer market leaders, because the market has shifted to the cloud and mobile. Yes they still big, yes they still cash rich, but they aren’t market innovators and they do not influence technology as they once did. So what’s the moral of this story? Don’t worry about bitmain, the market is massive and we are right in it’s infancy now. There will be others that enter the market to compete with Bitmain. So don’t say ASICs are bad. Saying so just makes you sound like a luddite.
BTW, if you think GPU mining is what makes wall street want to get behind your coin, you’re dreaming. Is like trying to get big money to invest in your coal mine by showing him the teaspoon you’re using to mine with. Wake up.
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That’s simply not true. Bitmain has competitors: Halong, Innosilicon, Ebang, Baikal, Canaan, and Pangolin to name a few. Manufacturers | ASIC Miner Value So, until the competition catches up, why can’t the ZcashCo protect us and support the network at the same time?
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Because your coin is not competing with bitmain. Your coin is competing with other coins. Bitmain is your ally, not your enemy. Hard to see it when you have invested in all the GPU gear, I get it. But trying to manipulate the market to entice other competitors to join is a chicken/egg delima. ASICs raise the value of your coin. Killing ASICs scare off all the other competitors you just listed.
It’s pretty obvious here that people will just say whatever they need to say to protect the investment they made in their gear. Guaranteed if there’s a guy getting into mining today, they will buy an ASIC if they can manage the hardware correctly. Nobody’s going to start as a freshman GPU miner anymore. The risks are simply too big. Sell your gear while you can get some money for it - that was one of the reasons why you guys prefered GPU anyways…resale value.
Aren’t these your words?
I have lost faith in Zcash and the development team that they are debating to fork or not and are not protecting the network.
Roonzmeal’s idea clearly tries to solve the centralization problem in order to protect the network.
This is what happens when you hard fork away from an ASIC. You give Bitmain a giant win. They got there first, mined out to recoup ROI, and then announce the miner. The others are 3-6 months behind. Maybe they even just started mining theirs in test runs. Bitmain announces and scares the life out of the community. And the others who didn’t catch up fast enough are crushed. Bitmain is using YOUR fear to PROTECT their monopoly.
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First of all iam german. So my english isnt the best ;). The following is just my opinion and i try to look both sides. The pros and the cons for asics. First of all the pros.
Obviously we need just 10% of electricity for the same hash power.
On the first look it seems to be more ecologicaly.
In the second look the past shows that bitmain sells new antminer every few month and the community is forced to buy the new ones because the hashpower is doubled ir trippled or… you know waht i mean.
It produces tons of trash…
Second.
In a Land like Germany we pay 0,29$ kwh is a 300watt consumption sounded very enticing.
But i dont will buy them because i dont want to support bitmain about following reasons.
If i buy Graphic Cards. Than i support Nvidia or Amd. This Company use this money to research better Graphiccards. And more powerfull Graphiccards have a use to bring the humanity forward.
Bitmain would use the money for ehm… Yay more Antminers… More dump… More money for… MORE DUMP!!
The high electricity needs for Gpu mining has another good factor. The world have to react and have to do research in alternative energies.
So again. Sorry for my bad english
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I’d like to throw 3 questions out there:
1st: What do you think the point of zcash is?
2nd: Do you think GPU mining will help achieve scale in order to do what you stated in the 1st question?
3rd: When?
You’ll find the logic pretty easy to follow. There’s no coin out there that’s still being GPU mined that has a chance to do anything real - until ASICs get into the game. None. (Don’t say Etherium, they have their own problems with bch moves and as well, ASICs have already entered their game, perhaps long ago for that matter)
ASIC’s did nothing to help TX speed for BTC. Buying the entire stock from BM is just silly.
All of cryptos is just speculation. No one uses any of them for commerce in anything other than trivial amounts. Do what fosters the goal of being real “money” and what supports Z Transactions for all. I don’t see handing it all over to BM to be any solution whatsover.
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The biggest problem here is people don’t understand POW, ASIC add no benefit to security to the network, diversification does, where it makes it hard for one entity to gain a monopoly. If it were possible that there was a POW scheme where 1 person equals 1 hash that would be perfect in terms of network security.
These ASICS are not available in 90% of countries and importing end of life products from Bitmain is not an option when you factor in import duty etc. The essence of mining is distribution of coins and transaction confirmation over wide geographical areas and systems, this increases the security of your network as there are more redundancies in case a certain ASIC’s have an issue then your network could be compromised. Why don’t people realize Bitmain will not sell you their best ASIC unless it benefits them monetarily.
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Not forced to buy the latest and greatest every few months. The S7 was released in August 2015 and was still profitable until the price fell in January 2018. And when the price rebounds over $16.5k the “profitability” of the S7 will return. This includes all fractions of coins you mined during the bear market. Only high end miners need to worry about mining at a loss. Home miners (like me) can mine at a loss, work a normal job, and HODL the coins until profitability.
Another misconception. Electricity providers LIKE miners! Miners smooth out the peaks of electricity usage. Electricity needs to be consumed quickly, can’t be stored, and has a finite distance it can be transmitted. We people shut everything off at night, go to work, come home and turn everything on at once. This sudden demand causes a large spike of electricity that damages components like transformers.
Thank you for pointing that out, i was wondering how much of an effect the difficulty in differentiating between contempt for bitmain and contempt for asic in general is having here and whether or not it was possible to differentiate
Did i ever say that they hate miners :O?