Let’s talk about ASIC mining

going from 489 to 73 means nothing? Tell that the investors and holders.
While i agree that there is a correction of price after the fork i as well continue to say that “BTG” has nothing to lose at all. Either the fork works out for them or it doesn’t and things won’t change much and the downtrend just continous.

The situation at Zcash is totally different. It’s in an uptrend and that with good reason. A wrong decision. longer delayed developements, whatever not, can be with fatal outcome. Saying this generally and in to way to the asic discussion. Even not mention it here. All i want to say is that the decisions the teams have to make are not the same, the starting point is different and mostly their targets are totally different as well…

I’am more than curious to see how the fork works out for BTG. If it is followed by a price increase or drop, if the network after is still stable or if it is near to collopse, how many gpu miners will follow. All things i’am indeed curious after such “fork-away” events.

If ZCash forks every time a new ASIC comes out, I will be selling all of my ZEC. I am not interested in endless forks constantly bringing down the ZEC market cap. I am also not interested in more centralization caused by forking. Bitmain will continue to manufacture ASICs but will mine with them in private and be very hesitant to release them to the public. Not only will they have control over the main blockchain, but they will control the old blockchain every time it forks. This is a ridiculous argument that I assume is being perpetuated by selfish GPU miners concerned about short term profits and not long term success.

1 Like

Selfish ah. If it wasn’t for the gpu miners ZCash would still be sitting on the drawing board. If a coin comes out and no one mines it then it’s worthless! And if Bitmain takes over there will be way more centralization then with the gpu miners! They will be controlling it like they do with Bitcoin.

4 Likes

Well I for one don’t mind asics yes they push GPU’s out but you all sound like Siacoin when A3 came out and in the end no fork happened and you know currently I am still making more on Sia than I would have with my GPU. I have been mining ZEC from the beginning but tech moves on so I did order a Z9 and will be pointing my GPU miners to another coin after my ASIC arrived.

You need to diversify your holdings can’t just bank on one coin so at least now GPU miners will be forced to diversify their holdings. No one looses money as fast as someone that keeps all his assets in one basket

1 Like

凸凸 yes yes …Selfish ah. If it wasn’t for the gpu miners ZCash would still be sitting on the drawing board. If a coin comes out and no one mines it then it’s worthless! And if Bitmain takes over there will be way more centralization then with the gpu miners! They will be controlling it like they do with Bitcoin.

2 Likes

He should have started ZCash with Sha256d POW and see how far would have gotten, then Bitmain and ZCashCo would not be able to bring their backdoor ZCash Equihash ASIC to market to sell to suckers and also control market coin distribution. This game as been played before with Paycoin, but here they have some programming skill…I repeat some not alot.

Actually i personally ONLY hold coins with tech and vision. In all the time i mine i have NOT sold a single coin and/or cashed out a single USD.

I’am a believer in crypto and it’s future, but not to an extend where i forget the reality. Too much hardcore idealsim isn’t either good in my opinion. But ok, as you think me is greedy and i’am only about profit and money, so it be. I have the same impression on most gpu miners and their aggresive way how to defend their profit and investement. With some expections i hardly can find members here that let me think they indeed care about zcash … So, at the end i come to the conclusion that miner is just miner, 95% profit oriented and not like you, i make no difference in gpu or asic miner. Most humans are just profit driven … easy as that.

I can be quite sure that Chinese people will not let you have too many machines even you have a lot of money

You buy one just to help them make 10
10 Not for sale

I’m against asic.
if no official measures will be declared / scheduled i’m out for monero

1 Like

Look at those Chinese in Australia They almost bought all the baby milk powder on the market Mothers in Australia can’t buy baby formula
The monopoly market is very bad Then do we want to open our doors to welcome them?
To control the entire market How many opportunities can be in your hands When those machines enter the market

So why are you here debating asics to begin with ?
You could buy directly the coin and save your self the agoney . Or mine with gpu .
What is it that fascinates you about asics ?

And if there was any other asic that is profitable more than the promised z9 , would you even be here now debating to allow it ?

I can place safe bet if there were other asics more profitable than the promised z9 . We wouldnt even see the vast amount of new subscribers aka gamblers who already paid for it and come now trying to convince us its a good thing .

No sir . Asics are bad . And i know billionare scumbag who made his money during the collapse of soviet union uses them and owns huge chunck of the bitcoin mining by himself .

The all coins created equal slogan of zcash will be a slogan of shame . And the network withen 5 years will be owned by the complete scum of mankind .

Dont look under your feet . This is the future of this coin . And the reputation will be worst than anything you can imagine.

Zoko cant , or to be more clear doesnt want to see it . And only him can come out and say the real reason other than his non logical execuses .

The last one specially is just a slap on the face on every ine who believed in the tech and the "scientist " who knows his math.

Total shame .

1 Like

And monero hashrate is so low now, that they are under an 8 block soft fork attack as of last night 0100 EST. One of these chains is 21 blocks long. 21 blocks. This means if you are transacting with monero you better be waiting for 30 confirms or you may accidentally double spend.

1 Like

Not following your logic here. Forks don’t affect market cap, even if another coin is the result really. There is no transfer of value from the fork, it just doesn’t work that way. Now it’s possible traders might cash out a position in Zcash for a forked version…that could happen, but to be honest most traders who are worth their salt don’t even pay attention to the coin news, they care only about the market indicators in their chart, their own TA, and volume. That being said, they can’t trade a coin that isn’t on an exchange to be traded. Big traders that can influence price trade off of bitfinex, bitmex, and binance for the most part. If it isn’t listed there, and has enough volume in trade for them to do reliable TA on it, they won’t bother with it.

1 Like


@boxalex … Is this your dream?

but this one is not in your home there’s one in China
but lucky you have one in your home:smile::smile::smile::smile:

@boxalex

[quote=“dbfusion, post:1410, topic:27353, full:true”]
So why are you here debating asics to begin with ?
You could buy directly the coin and save your self the agoney . Or mine with gpu .[/quote]

One doesn’t exclude the other. I do all 3. I buy and trade coins, i mine with GPU and i mine with Asics. That’s the project i wanted for me and that’s what i did and i’am happy with that configuration.
One of the main reasons i made it about 1/3 of each is not to put all eggs into one basket. There are others, but that would be take to long to explain and you anyway mostly would not believe nor think about it if it makes any sense at all as a hardcoded gpu miner.

Additionally i should be able to debatte whenever i want even with holding only 0.1 zcash i should have that right and not having to ask for your confirmation to do so, not/

Fascinating? I have no fetish that i think machines are fascinating. However, i’am a believer that a given machine made for a given purpose is the best usage. As we are in mining i believe that the Asics, until other superior machines come out, are the ones that should do the job.
And yes, there ARE other Asics out and for sale right now that are more profitable, at least on paper, and at the time of writing the Z9 is only ranked #9 as profitibility and this with risk and unproofen.
So to answer your question, yes, i’am here without the Z9 being the most profitable miner.

[quote=“dbfusion, post:1410, topic:27353, full:true”]
I can place safe bet if there were other asics more profitable than the promised z9 . We wouldnt even see the vast amount of new subscribers aka gamblers who already paid for it and come now trying to convince us its a good thing .[/quote]

See answer above, you lose that bet. You really think due 1x Miner that costs some funny 2.000 USD something has to convince you? Ok, if i had bought 100 of them and Zcash was the only coin on equihash it would make sense, but none of that is the case. Things are totally different if you have bought some overprized 1080ti rig 2 months ago and invested some 20.000 USD in it, right? And than the price correction with low coin prices, ROI must be 2 years now eventually. So while you try to copy your own fears on me it’s not how it works because just be sure, i have 0 fear if i will make these funny 2.000 USD in return and even in case not, i would write it off simply as risk in a risky business. I’am easy going on this one. Here we say, risk wins, risk loses.

[quote=“dbfusion, post:1410, topic:27353, full:true”]
And the reputation will be worst than anything you can imagine.[/quote]

How can you predict this one? This might be true in the eyes of some hardcore gpu believers like you. But does not necessary apply to investors, the public, traders, globally, whatever. Just because YOU think it will be like that does not mean it will be like that.

[quote=“dbfusion, post:1410, topic:27353, full:true”]
Zoko cant , or to be more clear doesnt want to see it . And only him can come out and say the real reason other than his non logical execuses . [/quote]

Actually he explained the problems with forking. Not sure if you have read them or have been too concentrated anti-asic arguments. But he clearly said that a long time and money has allready been invested into overwinter and sapling. If 500.000 Bucks allready invested in this project seems to be peanuts for you, good, i doubt it is for everybody else.
Now if some other developers come and say that such implentation and developement can be done in 1 week for 10.000 Bucks after the fork it’s a different story. But i doubt neither me nor you can make such statement and until anything other is mentioned by an expert or dev we just have to believe zooko, that’s it.

1 Like

Does not look any different to this gpu mining farm. Is this your dream? This one is not at your home either …
But hey, you have some too, me as well

you don’t know the percentage %%