Thanks for helping to get the thread back on track.
Yeah, way to go, @Shawn! I really appreciate having an active and polite moderator keeping us all on track.
Itās unethical because this is about an open source miner contest, not about a $200k payday for an established business. That said, with Zogminer almost done and several other in the works. My bet is that the greed with end up with them being unable to sell the miner at all.
[quote=āDanLar75, post:44, topic:1897, full:trueā]
Itās unethical because this is about an open source miner contest, not about a $200k payday for an established business.[/quote]
I donāt mean to single you out, but let me put things another way. The more petulant people become about others refusing to open source their work, the more this demonstrates the value of their work.
I personally am absolutely convinced that paying 175K for an open source miner is unnecessary. Therefore Iām absolutely unconcerned about the suggestion that I might wish to do so.
Everyone hyperventilating about one or two closed source developers active here, are making precisely the oppopsite case than they think.
There is definitely a place for established business here, weād be lost without them. They have their own interests first and foremost, but so do we all. If they are wrong about prices, they will soon allow themselves to be corrected, but it wonāt be an appeal to some nebulous āethicsā that carries that argument.
Also, props to @Shawn for letting us express ourselves on this - a proper moderator steps in to keep the discussion going, not to shut it down, and thatās exactly what heās done so far.
I can see your point. And while āunethicalā might be the wrong word I still firmly believe that valuing a few weeks work at close to $200,000 is simply insanity. And the formula used to get to that point simply wrong.
Hey folks, as far as I know, nobody has informed the readers of reddit, hackernews, or bitcointalk about the Zcash Open Source Miner Challenge!
If you want there to be a lot of good competitive, open source mining implementations, probably a good thing to do would be to post on those sites to let people know who might enter the competition.
Just an FYI: I made the developers of the recently relaunched PiMP (linux mining platform which uses open source miners) aware of it. While as far as I know, they do not plan to enter they are following the developments closely.
Hacker News thread at The Zcash Open Source Miner Challenge | Hacker News
Needs more commenting to get to front pageā¦
I donāt think thatās accurate. Your miner isnāt what makes cloud mining profitable for you[*]. Itās economies of scale and your ability to leverage a lot of capital to buy GPUs.
If I had access to your GPU miner software right now, Iād still be considering cloud mining options for most of my investment/speculation purposes. Quite simply, you have access to more rigs and cheaper electricity than I can afford.
I think that ā when the dust settles ā your intellectual property will be worthless, but your hardware will still be gold.
[*] Unless, of course, your miner performs significantly better than whatever comes out of the Open Source Miner Contest.
@Austin-Williams +9000
Couldnāt have said it better myself.
I donāt think there will be a public miner at least not in the first 3 Month. Itās too attractive for selling the miner to private investors with huge farm.
Agreed. Especially with the Zeropond, Genesis, Jtoomim customer tug-of-war in full effect virtually guaranteeing fair price/hash-power.
You should check out zogminer project. Trust me, there will be a public miner at launch, if not several.
We have 2 weeks left we hope for the best
Agreed. Though I wouldnāt worry for about 4 weeks since the slow start will make mining sort of a low-reward venture for the first two weeks post Genesis anyway.
I wouldnt get too tied around that 4 weeks figure. High-advantage hashrates can game the diff and cut that timeline down by A LOT.
Absolutely but I meant from today, and I donāt think hash power will cut the slow start by more than half. So a month from now you will still be OK if you want to mine primarily full value blocks.
Anyone else having trouble reaching the submission website zcashminers.org?
Never mind that. I canāt even reach githubā¦
Itās because they are adding the super secret, super fast OpenCL/CUDA GPU miner to the submissions page. We can all dream!