I agree with you there after I did more research and considered other opinions.

Watch developers "adapt" with a PoW algorithm change.  Let's see how you adapt with those Z9's.

Meet PROG PoW:  https://www.youtube.com/watch?v=P6B-ZCyP6K8&t=3s

WHY come to this forum to say that?  You are using a "new" account.  Is this a Bitmain proxy?

Is this some kind of polite way of saying someone is lying or something?

Is it because you love ASIC's and dislike ZEN working towards a viable option to FORK ASIC's (BITMAIN Z9) away from ZEN?

Am I misunderstanding what you intend to convey with, "Good joke?"

Sounds like you can't handle building a GPU mining rig.  You admitted your brain cells are lacking by your own insanity.  I see now why an ASIC suits you.  Simply plug and play.

Understandable...

It's just what you and I consider BENEFICIAL "advancement" is two different things.  What BITMAIN is attempting to do is not BENEFICIAL to decentralized mining.  My opinion...

What brain cells?  Remember, you wish to keep repeating the same thing over and over again expecting different results.  It's called, "insanity."

There's this thing called, "Notifications."

Most who KNOW me, 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 many 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.

Wyckoff Accumulation Schematic - Chart pasted again in comments in the following link with additional details, explanations and indicators:  

https://www.tradingview.com/chart/BTCUSD/P07Gk3YT-Wyckoff-Accumulation-Schematic-Chart-pasted-again-in-comments/

The following link is an image to provide an example of one type of Wyckoff Accumulation Schematic #1: https://i.imgur.com/gcrmXTd.png

It appears I was correct in a BTCUSD idea published on February 18, 2018 when I said, we dropped from ATH (All Time High) approximately 70%. It was my opinion <at the time> this required us to begin an Accumulation Schematic again. In another idea I published on March 11, 2018 I made the error of using the 360 minute (6h) Time Frame to draw conclusions on the "location" of events within the Schematic. As I've mentioned before, we should "generally" use high Time Frames (4-Day or higher) when applying Wyckoff rules and schematics to determine the long term Technical Analysis of a pair. I failed to exercise my very opinion recommended to others in previous publications. It's quite obvious, in my opinion, we are in an Accumulation Schematic. Apologies for not sticking with previous logic of accumulation after a 70% drop from All Time High.

When transitioning from one Schematic to another after a major event, it can be difficult at times to determine "where" we may be within a new schematic and whether it will be accumulation or distribution. We have learned from experience here that a 70% drop from All Time High definitely justified beginning a Wyckoff Accumulation Schematic. We would simply be challenged with the task to determine where Preliminary Support will be within that Accumulation Schematic to determine where an Automatic Rally should peak <approximately> near Preliminary Support level . In fact, the PEAK of the Automatic Rally in Phase A "confirms" our location for Preliminary Support as identified on the chart above.

We are currently in Phase B and heading down towards the bottom of the Trading Range between $5,920 and $11,780. I'm expecting us to fall just below the bottom of the trading range at $5,920 to approximately $5,366; where we will "potentially" begin a Wyckoff SPRING and mark the end of this bear trend.

It is said, "Phase B serves the function of “building a cause” for a new uptrend (See Wyckoff Law #2 – “Cause and Effect”). In phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. The process of institutional accumulation may take a long time (sometimes a year or more), and involves purchasing coins at lower prices and checking advances in price with short sales. There are usually multiple Second Tests during Phase B, as well as upthrust-type actions at the upper end of the Trading Range. Overall, the large interests are net buyers of shares as the Tra evolves, with the goal of acquiring as much of the remaining floating supply as possible. Institutional buying and selling imparts the characteristic up-and-down price action of the trading range.

Early on in Phase B, the price swings tend to be wide, accompanied by high volume . As the professionals absorb the supply. However, the volume on downswings within the Trading Range tends will diminish. When it appears that supply is likely to have been exhausted, the coin is ready for Phase C.

Keep in mind, there is still the "possibility" for a Wyckoff Accumulation Schematic #2 https://i.imgur.com/54FyNdB.png to play out instead of #1. I'm leaning more with Accumulation Schematic #1

Here is a link with further information on the EVENTS TO OCCUR WITHIN THE SCHEMATIC. It was put together well in a short synopsis of Wyckoff Schematics: http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:the_wyckoff_method




Same 4-Day chart but with indicators:

Spoken like a true BITMAIN shill.

Hi Phillip,

Very well stated, sir.

And thanks for waking me up to FPGA's not being the answer either.  Software is the answer to bring ASIC, FPGA and GPU on an even keel.  [Forcing BITMAIN to compete with the likes of AMD, NVIDIA, INTEL, etc... on manufacturing costs.

EDIT:  After further discussion with Phillipma, I've come to agreement with him; ASIC's and FPGA's are "NOT" the answer.  Software, is the answer to bring ASIC, FPGA and GPU on an even plain field.

Meet PROG Proof of Work:  https://www.youtube.com/watch?v=P6B-ZCyP6K8&t

BITMAIN and it's ASIC"s are not the answer to decentralized mining.

I've had my R9 380's mining since mid 2016 and STILL making a profit.  My R9 380 rigs are making more profit after power costs than your Bitmain S9's.  My R9 380's have ROI'ed 4 or 5 times over compared to your S9's.

In the meantime, BITMAIN manipulates the speculation markets (exchanges) with the majority control of coins they mine annually.  They're currently putting the squeeze on all S9 owners by continuing to dump on the market.  They're doing the same with Litecoin and L3's.  Bitcoin is going down to around $5,380 before you see any reprieve.  Then it won't be long before the announcement of a new ASIC to begin the BITMAIN illusion once again.

Most of you with more than 3 or 4 BITMAIN S9's are more than likely having to pay for your power costs as you mine.  Not many have the capital to mine with more than 3 or 4 x S9's.  They're mining to more or less break even now; while claiming they're doing a service to the network and keeping it secure.  Believe me, BITMAIN has enough ASIC"s in their warehouses to keep the network secure from governments.  How about keeping it secure from themselves?

In the meantime, Bitmain sells another ASIC (the S9i) as if there's something different and/or better with it compared to previous S9's and the BITMAIN illusion continues to deceive those gullible enough to continue in their insanity once again.

Those of you who paid top dollar for the S9 in December and January are beginning to wonder if my assessment is correct now, aren't you?

Also, there's ANOTHER division of crypto currency that makes it tick.  It's not hardware developers.  It's called software developers.  One dominant "hardware" manufacturer (BITMAIN) makes another ASIC to sucker everyone into another insane illusion and this guy argues they are the future.  I'm here to tell you "Software Developers" are going to PROVE to you that ASIC's and FPGA's are NOT the "future" of POW crypto currency.  It's software development that will set the precedence.  Software developers will soon put hardware developers in their place and bring them pretty much on an even kill with one another.  Meaning, BITMAIN will be forced to compete in manufacturing costs with AMD, NVIDIA, INTEL, etc... if they want to convince future would be miners to fall for their grand illusion.  BITMAIN, will only be able to make ASIC's that are 1.1 to 1.0 "or" 1.2 to 1.0 [at best] in power efficiency and hash rate with GPU's.

EXAMPLE:  PROG Proof of Work:  https://www.youtube.com/watch?v=P6B-ZCyP6K8&t

And another Bitmain proxy shilling the grand illusion.  

Tell me, how are all of you with the L3 doing now?  Hmmmmmm?

Tell me, how are all of you with the S9 doing now?  Hmmmmmm?

Now you want the Z9; thinking it's the future of mining.  Ever heard of this thing that repeating the same thing over and over again while expecting different results equals this thing called, "INSANITY?"

I'll say again:

GPUs are WAY more available to get then ASICs. To say GPUs are currently hard to get is incorrect. Sure there was a month or 2 when they were overpriced, that was due to the high demand when they had a ROI of 90 days.

Even then you could still buy a smaller graphics card, they were not ALL sold out. The 1070/1080 TIs were the hard ones to get, other models were more available.

What advantage would we have if everyone moved to ASICs? It would just raise the current bar for everyone, reduce us to one supplier of hardware, and starts a arms race. Atleast with GPUs we are all on a level playing field without having to worry someone will have a GPU that does x100 the hashrate for 1/10th the power. All the hardware is relatively close to each other in terms of performance, keeping the difficulty from ramping up x10-x100.

ASICs dont save power, they dont make the network more secure, they are limited in availability, only have 3 to 6 month warrantys, run loud and hot, manufacturers keep a large number of the them for themselves and keep secret other rigs that are far better then sell them as new later while replacing them with new hardware, etc...

This is suppose to be a ASIC resistant coin, why dont you ASIC people go mine other ASIC coins available. Ohhhh ya thats right, you cant make your money back off them ASIC coins anymore because of the difficulty have ramped up so much. So you want to come and ruin Zcash’s difficulty with ASICs to make a quick buck and act like its the future of mining.  I'm HERE to tell you, that QUICK buck is an ILLUSION.

What you're describing is an FPGA.  Even they can be forked out with the proper algo.

With the proper algo, ASIC's can be rendered on an even keel for the most part with GPU's.  Like 1.1 to 1.0 OR 1.2 to 1.0 ratio.  Mainly due to "mapping."

Then it would mean BITMAIN would more or less be replicating GPU's and would have to try to compete in manufacturing costs with AMD, NVIDIA, INTEL, etc... at that point.

Have a look at PROG Proof of Work.  ESPANSE has already said they will use this algo:  https://www.youtube.com/watch?v=P6B-ZCyP6K8&t=1s

GPU's are becoming more efficient.  However, you're focus is too shallow and doesn't go deep enough.  You say, "Bitmain can make new ones for any forked algo before they fork it at a marginal cost to themselves."  That was at least THIS go around.  Cause so-called "ASIC Resistant coins" dropped the ball on maintaining ASIC Resistance.  It will be different the next time after the FORK(s).

REMINDER:  R&D on a new ASIC for BITMAIN is approximately 6 months.

The good thing accomplished out of all this is finding out which coin(s) had truly supported community (GPU Miners) and which did not.

I'll let you ponder your statements and maybe some day [Maybe several years or never] you'll figure it out.  Your mind is biased.

I'm saying Developers make their coin more attractive by bringing about what you see in the bottom signature of all my posts.  As for everything else you said, YOU figure it out.  You're simply too biased and want to try to justify your absurd logic in posts with me.

It's blatantly obvious you're biased.  So obvious, I'm not going to waste my time refuting everything else cause it's that easy for everyone else who understands to read between the lines.  IF someone else were to come on with an unbiased mind and legitimate statements and/or questions, I'll attempt to explain.  As for you, you're simply not worth my time.

I learned a LONG time ago in this industry, "BE CAREFUL OF MAKING FLAT STATEMENTS."  You've made one after the other over and over again.  Are you a developer?  Hell no...  Otherwise, I know for a fact you would not have made the statements you made.

Ignored permanently...

You keep contradicting yourself.  On one hand you say, not surrender then you say, "not much we can do right now."  Note: how you said, "right now" to cover your ass.  BUT while continuing to say afterward "...but that won't make much difference to the big picture, etc... etc... etc..."

So what's the deal?

You come on here ridiculing me for speaking out for a viable coin for humanity and an ASIC Resistant coin being part of the solution for humanity.  While at the same time admitting yourself in this quote I made of yours that something needs to be done.

Are you bi-polar or something?

I'm doing as you said, "Don't surrender."  Then, you come on here ridiculing me for voicing my opinions and "NOT SURRENDERING."   ROFL....