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301  Alternate cryptocurrencies / Mining (Altcoins) / Re: AVALON (Canaan) $1 Billion IPO to manufacture ASIC's - NOT ICO... It's "IPO" on: May 27, 2018, 01:12:45 PM
and see, people with different opinions can discuss a topic without resorting to name calling.  Have a great day!!

Happy Mining and Have a great day as well.  I need to get some shut eye.  I've been up all night again.

Cheers
302  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitcoin Hash Rate about to go up more potentially from Avalon $1 Billion IPO on: May 27, 2018, 01:05:57 PM
I think Baikal has the right idea, manufacture a machine that can do many algos.  Also the FPGAs are just starting to come out.  Right now they can so the same algos ASIC resistant GPUs.  Once the prices start coming down they will pose a serious threat to GPUs and ASICs.

There are already algorithms being developed to stop the threat of FPGA's.  One in particular I'll share later after I learn more about it.  I personally feel Hardware R&D does not give Software R&D enough respect.  You'll be surprised what has already been developed and what's coming down the pipe.

I have a X11 X3 that is making more per day then a L3+ right now, and people called the X3 a doorstop.

There were too many other coins using the crypto night algorithm to make it a doorstop.  I've heard others say the same.  I knew better than to say such.  However, the Z9 might become a doorstop "IF" Zcash forks along with BTG, ZEN, Bitcoin Private and EXPANSE.  I hear EXPANSE is going to PROG PoW.  There's a possibility the Z9 Batch 1 and Batch 2 owners might be alright.  Those who purchase Batch 3 and later are doing so at great risk in my opinion.  Not just from the threat of increase hash rate but from the threat of a fork to a new algorithm.

If you look back, every year someone comes out with a faster miner.  I have had Bitmain, Avalon, and a host of others, I mine for a while then sell them off.  I'm a hobby miner, I'm not in it for the big bucks.  As long as I'm making something to cover the electric (yes ComEd loves me) I'm happy.  When BTC and the ALTs were at their high, there is no way I would even think of buying a miner.

You made a wise decision in regards to not getting more rigs.  Especially, when the price was at or near all time high; like my buddies did in Tennessee.  They asked my opinion but ultimately made their own decision.  They now wish they had simply used their funds to trade crypto.  One invested $22k into S9's and L3+'s.  The other one invested approximately $40k.  I wish others who are new to the community would listen to those of us who have been in the game longer about when to get in and/or out of the mining game, upgrade hardware, etc...

I did buy 3 of the Z9 minis and a couple E3s at the cheap price.  I will fire up the Z9 and see what they will produce, the E3s will be flipped.

I don't think you'll have a problem whatsoever with ROI.  As for being able to mine with them several years later like I still do with some of my GPU's; well, you and I both know the answer to that.

There is so much wrong with crypto today, the biggest problem is scammers, DEVs who create coins to rip off people.  Scams for miners that will never happen, Masternode scams and scam exchanges.  These problems are hurting crypto way more then real manufactures coming out with new miners for ASIC resistant algos.  They are making them because people will buy them.  They are in the business to make money.  Scammers are in the business of ripping people off.

I agree with your comments on corrupt developers creating scam coins, etc...

As for BITMAIN manufacturing ASIC's to make money (profit); that's understandable.  They are taking risk just as those who buy their hardware are also taking risks.  BITMAIN did not make them buy their hardware.  It's not BITMAIN's fault people don't research and educate themselves to make proper decisions regarding their involvement with crypto; whether its's mining, trading or investing; such as ICO's.

You and I both are here educating people in an attempt to help them with the decisions they make in the crypto space.  Yes, we both have different perspectives with you being somewhat pro ASIC and me being pro GPU.  However, I respect your opinion and your freedom to express it.  At least you do so out of respect and not resorting to personal attacks like some in the forums.  Yes, you and I both have made little quips towards the other while showing support for our point of view.  Yet you do so without taking those quips to a personal offensive level.  Thanks for keeping it "real."

What is going to happen is going to happen, you or me are not going to change it.  If some farm in China calls BM and says I want 10,000 machines for XYZ algo you think BM is going to tell them NO, THAT'S A GPU ONLY ALGO?  Hell no!!

My only comeback would be; "There's nothing BM can do to fulfill that potential client's order if software developers have rendered an algo virtually ASIC resistant or at least made ASIC's pretty much on an even keel with GPU's.
303  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitcoin Hash Rate about to go up more potentially from Avalon $1 Billion IPO on: May 27, 2018, 12:23:18 PM
I have a couple of buddies in Tennessee who purchased S9's and L3's in December and January [Right near the peak of high prices of crypto at the time].  They are beginning to feel the pain of the increased network hash rate along with the price of crypto's going down.  I tried talking them out of buying any mining hardware and simply trade for now but it didn't work.  I tried talking them into a GPU mining investment instead of Bitmain's ASIC's.  They didn't listen and bought ASIC's.

At current price and difficulty of LTC, they don't see ROI for their L3's for another 3 years.  They messed up big time buying at or near the peak.  I'm sure many who are new to mining have done the same.

This news of another ASIC manufacturer potentially coming on the scene is not good for S9 owners.  AVALON may not even sell the hardware they manufacture and simply mine with the hardware themselves.  Either way, the network hash stands to increase substantially if AVALON begins manufacturing new ASIC's for SHA-256 soon.
304  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitcoin Hash Rate about to go up more potentially from Avalon $1 Billion IPO on: May 27, 2018, 12:14:20 PM
Where does it say they are going to be making SHA-256 miners?  Maybe they are going to start making miners for ASIC resistant algos.

In the meantime, those who just bought S9's should feel threatened. 

Bottom line:  One or a couple of manufacturers in control of all money printing machines is not good for any blockchain.

I agree, it's the same in the GPU world, 2 manufactures control the supply of all GPUs.  There have been posts of warehouses of GPU farms in China, as well as warehouses of ASIC farms.  First it was the S1, then S3 and so on.  All the old miners either get scrapped or end up on Ali-baba.

The time for hobby miners (like me) is almost over.  It's not as much as 1 or 2 manufactures control the hardware.  It's that a handful of farms control the hashrate.  If there was no demand for faster machines, BM and others wouldn't be rushing to fill a need that isn't there.  But it is.

One BIG difference:  AMD and NVIDIA are not mining for themselves.  Their hardware has multiple uses other than mining.

Also, it appears INTEL "might" come into the GPU manufacturing game.

By the way, as for a "need" for faster machines, that comes with innovation.  I personally believe those coins that have re-inforced their commitment to ASIC resistance; such as ZEN, Bitcoin Gold, EXPANSE, MONERO, etc... see a "need" to do so in order to maintain decentralized mining for a number of reasons that we've discussed in other threads.  GPU manufacturers will continue to increase the performance of their graphics cards.  Mainly for all the many other uses for those graphics cards.  Not necessarily for the purpose of mining. 

Privacy coins devoted to ASIC resistance will have a secure network once again when they find and/or construct an algorithm that proves to actually be ASIC resistant; or at least puts ASIC's on the same playing field as GPU's and FPGA's.  Issues like scaleability will be solved soon enough and will be solved without the need of an ASIC.  That's my opinion of course.  Smiley

By the way, a video by Andreas Antonopoulos you might like that came out May 26, 2018:  "Keeping Digital Communities Weird" - https://www.youtube.com/watch?v=1MG1aR71uFg
305  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitcoin Hash Rate about to go up more potentially from Avalon $1 Billion IPO on: May 27, 2018, 11:42:03 AM
Where does it say they are going to be making SHA-256 miners?  Maybe they are going to start making miners for ASIC resistant algos.

In the meantime, those who just bought S9's should feel threatened. 

Bottom line:  One or a couple of manufacturers in control of all money printing machines is not good for any blockchain.
306  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitcoin Hash Rate about to go up more potentially from Avalon $1 Billion IPO on: May 27, 2018, 11:41:03 AM
Where does it say they are going to be making SHA-256 miners?  Maybe they are going to start making miners for ASIC resistant algos.

I'm sure you would love that.  Time will tell.
307  Bitcoin / Hardware / Re: Bitmain's Released Antminer S9, World's First 16nm Miner Ready to Order on: May 27, 2018, 07:03:56 AM
Looks like more hash rate will be on the way soon...  Canaan [Also known as AVALON] about to start an IPO; "not" ICO but "IPO"

Those who recently purchased the S9 may be in trouble with network hash steadily increasing while the price is decreasing.

https://bitcointalk.org/index.php?topic=4311665.new#new
308  Alternate cryptocurrencies / Mining (Altcoins) / AVALON (Canaan) $1 Billion IPO to manufacture ASIC's - NOT ICO... It's "IPO" on: May 27, 2018, 07:02:06 AM
Canaan (Avalon) appears to be making a move to gain more market share and Bitcoin network hash rate.

"Bitcoin Mining Equipment Maker Canaan [Also known as AVALON] Files for $1 Billion IPO" - https://www.msn.com/en-us/finance/news/bitcoin-mining-equipment-maker-canaan-files-for-241-billion-ipo/ar-AAxkVDW

"Keiser Report: Hidden Commands (E1231)" - https://www.youtube.com/watch?v=bKsPhtSjcuU



309  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:23:29 PM
So...Waiting on that ignore buddy.

hmmmmmmm, ROFL

We can start this conversation all over once again and end up right where we are now: You resulting to name calling because you're argument doesn't have a leg to stand on.

As for ignoring you:  S I K E

We can do this all day long...   Grin
310  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:15:59 PM
You know whats funny. This all started with Cryptonight, and the monero community was massively AGAINST this kind of thing. I dont really see anyone care except for these kids on the internet trying to protect their investments. Its so glaringly obvious its laughable to see.

Another deceived old fart who can't grasp the concept of decentralized mining.  Growing senile in your old age?
311  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:14:47 PM
I have 3 coming.  Fire them up, run them for a while and resell them to dwmardjr so he doesn't have by from the evil empire!!

In you're dreams... You'll be lucky if they're not door stops in 3 to 6 months.  I'm still mining with Graphics cards from 2016 that have ROI'ed more than 4 times over.   Grin
312  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:12:02 PM
lol. Hes actin like a super hero now? LOL. This is just too good to be true. What a maroon.

Look in the mirror...   Grin
313  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:11:27 PM
Well personally I can't wait to get my Z9's and start mining with them.

Well, personally, I can't wait to see all those Z9's get FORCED into one or two coins at best.   Grin

314  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:10:26 PM
After June 15th I guess we'll see how ASIC resistant your little moneymaking coins are or are not.  Subject over.

BINGO...  Grin
315  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:09:39 PM
He isnt man enough to do that. He would rather just ruin everyone elses time. Instead of talking to people who align with his own feelings. Shows his true agenda.

Funny how someone says I'm ruining something when the title of this discussion says absolutely nothing about keeping it technical.  Doesn't even imply it.  Simply said, "It's LAUNCHED"

You'll be alright, Net.   Grin
316  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:06:21 PM
Again, why don't you go and start an anti Bitmain hate thread and leave this one for the people interested in the Z9 miner.  That way you and your GPU followers can bash Bitmain all they want and not fill this thread with FUD.

There are people here interested in the Z9 you know.

This is about the Z9...  It's trying to infiltrate the ASIC Resistant Equihash coins.  Most certainly discussion about the "Launch of the Z9 Equihash miner."  Did the title say, Technical Discussion on the Z9 Equihash Miner?  Hell no...

Now THAT is well said.  Wink
317  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:03:51 PM
ROFL....   Grin
318  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 02:01:45 PM
So you are all for government intervention of restricting distribution?  I'm sure Ford Execs are driving cars they manufacture. I know we use printers that we build.   Show proof that Bitmain sells used product as new?  They have had used miner sales before and always stated as such.

There you go once again putting words in my mouth.

REMINDER that I "know" you read before:

As you KNOW, I've been in the space for a while and have had a LOT of experience with BITMAIN.  My LAST round of ASIC's I bought from them was 42 x Bitmain S7's in late 2015.  All of which I sold in February 2016 and never looked back.  I USED to be the one to DEFEND them when they were attacked by others and I believe you KNOW this.  THEN I TOOK THE RED PILL AND WOKE UP in February, 2016!!!  I did a LOT of research and weighing pros and cons of GPU versus ASIC.  ASIC would be fine "IF" {and it's a big if} the manufacturing of ASIC's were not CENTRALIZED, if governments did not pose a risk of banning ASIC's when they are shipped into their country, [GPU's are not so easily banned; as they have multiple purposes], and manufacturers pulling shenanigans in regards to better hardware while selling the scraps to unwary greedy driven miners trying to make a buck while being oblivious to the true "end" of what Bitmain works towards.  Which is lining their own pockets at the expense of unwary individuals who are being seriously taken advantage of.
319  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 01:57:26 PM
Let's face facts, you're pissed that ASISs are cutting into your profits.

Lets face facts, I'm not pissed and you don't know my heart.

Fact is, I'm exposing BITMAIN and your pissed I'm doing so.  Otherwise, you wouldn't be here wasting your time with me.   Grin

Yes, I'm bored...  But also have 1 GPU rig running and 1 ASIC running.  Sorry to say but ASICs are here to stay.


Yeah, they're here to stay on ASIC PoW coins.

ROFL...

Again, weak argument.
320  Alternate cryptocurrencies / Mining (Altcoins) / Re: Bitmain launches the Z9 Equihash miner on: May 26, 2018, 01:56:15 PM
But think of the poor gamers that can't get GPUs because of the Evil Miners!!!  The ASIC manufactures are a god send to them!!

Sure, lets promote centralized mining by one dominant manufacturer to make gamers happy.   Grin

GPUs only have 2, so what is the big difference?  So if a dozen sellers rebranded Bitmain miners everything would be OK then?


You know it wouldn't...  What's the logic?  Ain't none...  Try again...

You have 2 manufactures of GPUs.  They control the GPU and Gaming market.  I don't see a difference between them and the ASIC manufactures.  Again, admit it I comes down to your personal profit.

You know FULL WELL, GPU's are more evenly distributed around the world and AMD and NVIDIA are not actively mining with their cards.

Weak argument, Dude.

Name one country banning GPU's.

Several have banned ASIC's.
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