I see. I’ve no further questions.
It’s a possible outcome. I accepted that risk. It wont bother me at all if it does happen.
You’ve never bought something made it China before ?
And right on queue Bitmain raises the limit to 50 per customer…500000sols/s. They are going to flood the network with their ASIC and take it over as fast as they can to ensure a fork is never going to be an option. You can say anything you want about Bitmain, but they are a shrewd business.
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That’s good. Then zcash may actually break top 10
Hashrate has absolutely nothing to do with Marketcap MrMags…I’m not even sure how you came to that conclusion.
Your right.
But people are investing directly into zcash now.
Like actually investing, they can’t swirch algos like a gpu miner. That goes a long way.
And the network actually benefits.
Look at all the top coins.
Progression.
Either way. I’m done. With the back and forth. I’m with zcash either way.
I bought f9 minis. And I have 2-13 card rigs. Mining zcash.
If zcash stays asic. I’ll mine a profitable coin with my gpu and exchange for zcash.
Wherever zcash goes I’ll be there with em.
My bottom line is for zcash to stay strong and secure.
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„Why are some so resistant to the evolution of mining hardware? Just like CPU mining has been replaced by GPU mining, so will GPU mining be replaced by ASICS and ASICS will eventually be replaced as well.
Forking just delays the inevitable and weakens the community by splitting it
The ASICS bring higher security at lower electricity usage and in a way makes mining more accessible since it’s easier to set up and get started and is actually much less expensive than a gpu rig
The only problem is we need more companies competing in the manufacturing of ASICS. However, AMD and NVIDIA also plan to release mining specific cards which would technically be ASICS and would people want to fork again then to only allow outdated hardware to mine?“
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If the entire hashpower for ZCash went from GPU mining to ASIC mining overnight, the difficulty would go up ~20 times as well. All BM is doing is forcing a hardware change on the network while profiting by causing it. The same power will be used. There is no good in this.
For reference, go back and look at what happened to Dash in Q3 and Q4. The difficult went to the moon.
If the difficulty goes up 20 times - which is what I expect - within the 60 days following the arrival of the Z9’s into service, you will need about 48kh/s to generate one unit of ZEC per month. that’s roughly 1440 watts of electricity.
Currently it takes about 2750h/s to generate one unit of ZEC per month. That GPU miner will burn about 1100 watts to do that. So which is more efficient again?
If you think you’re going to get a magical 50 times your yield by going asic, you’re out of touch. You will if you’re the only one who has one! When everyone has one, it may actually cost you more money to run them…now that would be fittingly appropriate.
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Maybe GPU miners are prepared to pay for R&D to stop ASIC on their favorite coin (if they even have one)? Pay for it and zcash team can probably employ people to work on the problem. Just like Bitmain has an R&D lab to develop ASIC. You want asic protection but want someone else to pay for it.
totally…
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We already know how to stop ASICs. It’s not hard – it just requires tweaking the proof of working algorithm. Even microcap coins with no development budgets, like Vertcoin, have managed to fend off ASICs.
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WRONG. More hashrate is not more secure if everyone have more hashrate. The best coin will be the one minable by GPU and CPU with a stable income VS watts. You want a coin minable by a maximum different divices. This is the real decentralization and protection. If everyone mine with the same material we lost.
What when someone will find a way to hack all bitmain OS at the same time ?
What if a gov ask a permit to use / import a material ?
Why it’s difficult to enter the ASIC world ? Queue, value of ASIC review with rentability (what a joke), etc.
Please think more about the real target of blockchain technologies… Accessible to everyone. We create the future and my future is not an ASIC one.
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That’s a valid point. But sometimes a simple software tweak from asic manufacturer can beat the protection. But really why should zcash team waste their time on protectionism? You are basically asking someone else to protect you from competition. Bitmain has more efficient machines to do the work, accept it and move on.
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How in the world here writes people who dont know a thing about mining…you really thing you will consume 300 watts?
Just look at bitcoin…most efficent is Bitmain S9 …it require 1600W PSU…is loud as vacuum cleaner …and just makes 2-3$ a day.
Other are even less efficient and consume 2 KW per one ASIC and are loud as airplane and earn NOTHING when you calculate and electricity.
Same will be for Zcash in just months …and cant home mine because there are so loud…you can hear them outside…mine asis strix are totally dead silent when mining.
Or it could be like Dash situation when bitmain will just not released any other ASIC when that became unprofitable so Bitmain can only mine it.
Dash worth 3.5 billion and no one can make money on it except Bitman…so all money go to Bitmain…why would anyone thing Zcash would be different.
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I’ve explained many times how centralized mining would be harmful for Zcash. An example is the ability of centralized miners to dramatically increase transaction costs for users and cripple the network. This happened to Bitcoin in December, and it caused many companies, such as Steam and Microsoft, to drop Bitcoin as a payment option.
ASIC miners will probably not be able to beat a proof of work tweak. If they somehow manage to, then the proof of work can be tweaked further. It is impossible for ASICs to win against a cryptocurrency that is committed to ASIC resistance.
So again, ASIC resistance is not about protecting GPU miners – it is about protecting Zcash.
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Thank you for some common sense.
It’s absurd to me that we’re even debating this, given how empirically awful ASIC mining has proven to be for a cryptocurrency.
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False. Nicehash still exists, and cloud mining services still exist, and will still drop onto the network every time the coin hits the top of the list in profitability. There will always be coin hopping, even in an ASIC world. You think that ASIC will only mine Zcash…it will mine any Equihash Algo that doesn’t fork it off.
ASIC are not accessible to everyone. I understand that by mining with Block eruptor, antminer S1, S2 and S4. This take me this time to understand the joke. A mining business model oriented into a material replacement. People who love ASIC are here probably since a short time. 2 years max. They will understand soon.
You know that Bitmain adjust the price with the Hashrate. Ex Batch 2 is cheaper than batch 1.
We have to find a solution in community…
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