It's not the technology that is the problem, rather, it's the predatory (and illegal in the US) behavior of the company that dominates ASIC mining: Bitmain.

If you aren't using CryptoNote anymore then drop it from the description; seems pretty clear cut to me.


EDIT - whatever is used for PoW, I sure hope you all have lined up (or chosen) compatible mining software, however.

And yet what just happened with the CryptoNight ASICs may very well be what happens to those for Equihash. Those who don't learn from history are doomed to repeat it, the old saying goes.

True, the Baikal miner proved to be a rather poor choice based on price vs. hashrate, but even the 220kH/s Bitmain CN ASIC only brings in about $30US per day as of right now, so it will take 400 days to pay off the capital cost if nothing else changes. And of course, the one thing you can count on in crypto is change.

Regardless, what I am really driving at here is that if the biggest hashrate coin on an algo forks to block ASICs, such as Monero did with CryptoNight, then the difficulty rise on the remaining coins makes mining them much less attractive.

The 20kH/s Giant N CN ASIC now only brings in about $3US per day... Can't really say it is profitable until the capital cost is paid back, and at this rate that will be around 2 years from now if you got in on the first batch at $1900US each.

Network effect applies to anything which requires the active participation of other people to be useful. The example given in the Wiki entry for Metcalf's Law - that a fax machine is useless by itself - is just as applicable to Bitcoin; it has no value unless other people are willing to accept it as payment (or acquire it for speculation, etc.).

Did you ever wonder why the forum defaults to blocking newbies from sending PMs? Perhaps it's because newbies have a tendency to use PMs to ask about things clearly covered in existing threads? So unless you are trying to ask @OhGodAGirl out on a date, you should probably read this thread THEN ask your question here.

Your data is wrong, then, because I most assuredly did not sign up for this campaign. In fact, I have never signed up for a bounty or signature campaign and given what I've seen of them, I am unlikely to ever do so.

I would prefer that my name be removed from your spreadsheet, but even if it isn't I won't be complying with the campaign rules so whomever fraudulently used my name won't (shouldn't) get paid.

Let Me Google That For You: http://lmgtfy.com/?q=nsfw+meaning

I don't follow every CN coin, but I do follow a few, and one of my favorites, DERO, has yet to fork and as a result its network hashrate has gone from 5MH/s to >300MH/s over the course of a couple weeks thanks to these ASICs. For maybe the first day of owning a Giant N you could have mined about 60 DERO, but that rapidly declined to the point it now only brings in about 1.4 DERO per day. A classic case of shooting yourself in the foot, in other words. Consequently, I would maybe pay $100 for a Giant N, and even that would be risky as at the current rate of payback it would take 40-50 days to break even.

I suspect something similar will happen with the Z9 Equihash ASIC, especially if the big kahuna, ZEC, does decide to fork.

What are you actually asking? How hard it is to load an existing program onto an FPGA, or how hard it is to write that program (ie - HDL) for an FPGA? The former can be easy or tedious, depending on whether you need to use the JTAG interface (tedious) or if there is a bootloader and EEPROM on board so that, e.g., USB or Ethernet can be used to load the new program. Implementing a cryptographic algorithm in HDL requires a couple orders of magnitude more work (and knowledge), it goes without saying.

This confirms what I suspected: that the subforum with the highest signal to noise ratio in the altcoins section, mining, gets a disproportionately low amount of merit. A real shame, since there is very little of the rancid "good project" and "when moon" shitposting that is the hallmark of the announcements and discussion subforums.

It seems the most effective/least problematic means of ensuring you and the other ETHlargement team members get paid for your work is to incorporate the pill into the mining program itself (either a miner of your own design or else license / revenue share with someone else).

Right, so it's not the number of secure nodes *I* have, it's the total number of secure nodes in the network. Perhaps the site owner could be persuaded to make that a bit more clear, as it is not at all obvious that is what you are supposed to enter for # of secure nodes.

Either this calculator is broke or I am missing something embarrassingly obvious because when I tried inputting 1 secure node at a USD price for ZEN of $40 and a cost to run the VPS of $5US I get a monthly reward of 7560 ZEN...

That's because there is no answer: the dramatic increase in network hashrate strongly suggests, if not outright proves, the theory that miners will deploy hashrate up to the limit of their available power, so "more efficient" miners like ASICs don't lower energy use, they just increase the network hashrate (and therefore the difficulty). It's a situation where nobody but the ASIC miner manufacturers win.

This is too depressing to follow anymore, and the situation was made even worse by the announcement of the Z9 Equihash ASIC which will make it totally impractical to mine another of my favorite coins, ZenCash. I'm seriously considering either buying a Z9 and joining the dark side, or else selling off most of my GPUs and quit chasing these Quixotic projects that say they stand for one thing only to get Rick-Rolled by an ASIC a few weeks/months later.

FYI - I received a PM from @blackberry_pie implying I had joined your bounty campaign when I had not. I guess the impostor is hoping I will blindly follow the sig campaign rules and not notice that an ETH address had already been submitted, which seems like a stupid strategy as far as scams go.

The (incomplete) ETH address given by the impostor is: 0x6ecD2d693D939ec568...

I suggest banning this address from the campaign, but if no one can be bothered I will ensure the little bastard doesn't get paid by not participating in it myself.

Correct, but some wallets (Musicoin, for example) don't show any or most of the balance until fully synced. Regardless, I still have no idea what @Alu_voin is complaining about. Did the official pool screw him over; the wallet; Edward Snowden; or what?

You need to explain the situation for those of us who aren't mind-readers... Also, your wallet shows it is 7+ days behind synchronization, so maybe that's why your coins are missing? Dunno, because see previous sentence.