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Title: have bitmain come up with a PoW algorithm change resistant ASIC? Post by: European Central Bank on April 25, 2018, 11:47:53 PM https://blog.bitmex.com/nextstageinmining/
i'll confess that i don't know enough about mining to fully understand the implications of this, but at heart it looks like bitmain have come up with a miner that's more efficient than a GPU, less than a flat out ASIC, but also potentially can't be bricked by a PoW change such as Monero's recent one. what do the people on here who know more than me think? Title: Re: have bitmain come up with a PoW algorithm change resistant ASIC? Post by: rdluffy on April 26, 2018, 12:04:41 AM We don't have to worry about this
People only care about money, they will buy anything from anyone if it's profitable So let people destroy cryptos ASAP Title: Re: have bitmain come up with a PoW algorithm change resistant ASIC? Post by: dentldir on April 26, 2018, 02:34:40 AM If you believe the rumor that Bitmain's Sophon chip can be used to mine ethereum, then I think you have your answer. They've had their AI products out for a while now and why not make a miner based on silicon you already taped out?
Title: Re: have bitmain come up with a PoW algorithm change resistant ASIC? Post by: jmigdlc99 on April 26, 2018, 02:48:57 AM So let people destroy cryptos ASAP This isn't in any way a helpful comment or healthy attitude at all. I understand you might be frustrated about ASICs and mining but moaning will get us all nowhere. ---- Looking at the referenced article i don't see any indication that they have an ASIC that "can't be bricked by PoW changes." Am i missing something? Title: Re: have bitmain come up with a PoW algorithm change resistant ASIC? Post by: nsummy on April 26, 2018, 03:49:32 AM So let people destroy cryptos ASAP This isn't in any way a helpful comment or healthy attitude at all. I understand you might be frustrated about ASICs and mining but moaning will get us all nowhere. ---- Looking at the referenced article i don't see any indication that they have an ASIC that "can't be bricked by PoW changes." Am i missing something? No you aren't missing anything. That article is all over the place and is nothing more than the author waffling on and finally coming to the conclusion that the results are inconclusive. You can tell he has no idea what he's talking about when he uses terms like "general-purpose hashing chip." Those already exist, they are called GPUs and they also are hard-fork resistant. Bitmain getting into AI and deep learning makes complete sense, and they are doing it for the same reason Nvidia is: That is where the money is. ASIC miners and gaming cards are chump change compared to the market for deep learning hardware. Title: Re: have bitmain come up with a PoW algorithm change resistant ASIC? Post by: Geraldo on April 26, 2018, 04:04:34 AM ..... but also potentially can't be bricked by a PoW change such as Monero's recent one. what do the people on here who know more than me think? That was on the developer's sides, and only Dev with various consideration may do it, nor people power can affect Dev decision. Overreacted to this ASICs issue/fact is worthless. Why don't you give your focus to what you can full control over it? e.g. I like this, Ignoring what you can't control, do what you have control over it. We will soon be seeing (by several individuals) the release of free bitstreams to build DIY-FPGA mining rigs with higher hash rates than GPU's, but the GPU's will still be viable. Monero has the right idea, to fork away from ASIC's, although they can never fork away from FPGA's since FPGA's can be rapidly modified in software just like GPU's. The FPGA's (once widely adopted) make ASIC development less profitable. Since ASIC's have a 100x advantage over GPU's and only a 1.5 to 7x advantage over FPGA's, if a coin's hash rate is owned by DIY-FPGA miners, the profit from making an ASIC will be sketchy. That, combined with coin owners constantly forking their algorithms away from ASIC's, is one method. There is a better method that I will be pushing for at the same time that I release my own FPGA bitstreams, and that is for all coins to adopt dynamically changing algorithms like Timetravel10, X16R, X16S, X11Evo. These can be mined by FPGA's and GPU's, but no ASIC can ever beat an FPGA on those algorithms, making them the only real 'ASIC-Proof' algorithms invented thus far. The technical details of why that is the case are complicated. If coins adopted those algorithms, they would never have to go through the trouble of 'forking' since no ASIC can beat a DIY-FPGA on those algorithms anyway. |