It's already happening with the Cryptonight algo, and in July it happens with ETHASH. Baikal has made inroads into other algos (but not really an ASIC). I think soon nothing will be ASIC resistant. Like I said Bitmain has proved now that they can build a miner for ASIC resistant algos.
Sure, you have a right to your opinion just as everyone else does. I have my "opinions" on what you just said as well. It will simply be interesting to see how this plays out. This was simply the first move of hardware R&D. Now it's developers move to see if they can demonstrate their commitment to ASIC Resistance in the evolution of things. In my opinion, most developers have been lazy on their Declaration of ASIC Resistance. There should have already been a team/division within each Equihash coin devoted specifically to their declaration of ASIC Resistance [If any]. Hind sight... |
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Why are we arguing about ASICs vs. GPUs in this thread, it's about the Z9, I have 3 on order and can't wait for them to come in so I can fire them up!!
By the way, a lot of this discussion is about the Z9 (ASIC's) and it's affects on coins "declaring" ASIC-Resistance. We will see how the "Launch" of the "Bitmain Z9 Equihash Miner" will be affected by others who will own it; how all Equihash coins we be affected by it [Forked and Not Forked]; How other PoW Alt Coins will be affected; Z9 and it's affects on GPU's; etc... This will be interesting indeed... |
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Why are we arguing about ASICs vs. GPUs in this thread, it's about the Z9, I have 3 on order and can't wait for them to come in so I can fire them up!!
Cause we're all about to witness several things in due time and it will be documented in here for all to see. This way, we might can LEARN from it. |
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Simply wanted to share something with the community:
ASICs are still necessary because they lead to more advancement in stronger asic-resistant coin. The problem...[Below]
ASICs could work if there is more competition in the market and no monopoly of single company. Another problem is there retail availabilty and pre mining which could be solved if competition increases. Intel only bought good processors for cheap when AMD bought them in the market first. Competition solves many problem and it is necessary for healthy working of capitalism.
As I've mentioned in previous posts in other threads: "IF" ASIC's could meet those [And other requirements I've mentioned], I would be FINE with them." At this current time... It's a NO for me. Those criteria are not currently met and may never be. Time will tell. Some see ASIC's as a necessary evil. "Necessary," because of "so-called" security of the network. "Evil," because of not meeting the requirements I have mentioned in several posts in other threads/forums. This falls pretty much into the same category as FREEDOM. In what way? If one decides they will give up some freedom for the sake of some security, they deserve and will get NEITHER!!! - Similar to Benjamin Franklin's quote: "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." |
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ASICs are still necessary because they lead to more advancement in stronger asic-resistant coin. The problem...[Below]
ASICs could work if there is more competition in the market and no monopoly of single company. Another problem is there retail availabilty and pre mining which could be solved if competition increases. Intel only bought good processors for cheap when AMD bought them in the market first. Competition solves many problem and it is necessary for healthy working of capitalism.
As I've mentioned in previous posts: "IF" ASIC's could meet those [And other requirements I've mentioned], I would be FINE with them." At this current time... It's a NO for me. Those criteria are not currently met and may never be. Time will tell. Some see them as a necessary evil. "Necessary," because of "so-called" security of the network. "Evil," because of not meeting the requirements I have mentioned in several posts. This falls pretty much into the same category as FREEDOM. In what way? If one decides they will give up some freedom for the sake of some security, they deserve and will get NEITHER!!! - Similar to Benjamin Franklin's quote: "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." |
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ASICs are still necessary because they lead to more advancement in stronger asic-resistant coin. The problem...[Below]
ASICs could work if there is more competition in the market and no monopoly of single company. Another problem is there retail availabilty and pre mining which could be solved if competition increases. Intel only bought good processors for cheap when AMD bought them in the market first. Competition solves many problem and it is necessary for healthy working of capitalism.
As I've mentioned in previous posts: "IF" ASIC's could meet those [And other requirements I've mentioned in previous posts], I would be FINE with them." At this current time... It's a NO for me. Those criteria are not currently met and may never be. Time will tell. Some see ASIC's as a necessary evil. "Necessary," because of "so-called" security of the network. "Evil," because of not meeting the requirements I have mentioned in several posts. This falls pretty much into the same category as FREEDOM. In what way? If one decides they will give up some freedom for the sake of some security, they deserve and will get NEITHER!!! - Similar to Benjamin Franklin's quote: "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." |
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Easy to be one sided when you havent made a single profit personally on an asic since 2015. You seem to have a lot invested in gpus. Id be worried too, but not ignorant.
Here's a PRIME example of someone who's emotions is inhibiting their reasoning abilities. I too have been guilty of this before when I believed in BITMAIN'S grand illusion. I mentioned in a post earlier [That he or she may or may not have read] "Most all my GPU's have ROI'ed 3 times over. I began buying a lot of GPU's in May, 2016 and have mined with them consistently since then. I could sell all of my hardware for GPU mining right now and add another $85,000 easily to my bank roll. EASILY.... And that's being conservative. Now I'm the one who's supposed to be worried? And another thing. This guy has no idea I'm a professional trader and make additional revenue from my trading profession. Most importantly, this guy or gal doesn't understand this "IS" about community and consensus. I'm here partly to fight for GPU's to remain and ASIC's to be RESISTED as promised by several privacy Equihash coins. I'm also here to hopefully open peoples eyes to the fact "we should come together as a community to promote what is best coin(s) for humanity in regards to currency, privacy, freedom of speech and freedom from tyranny." Which is in my signature box below.So, bottom line: They seem more inclined to be controlled by their emotions rather than the other way around. I've had to learn the hard way it takes two to reason things out when there's division or confusion. |
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Easy to be one sided when you havent made a single profit personally on an asic since 2015. You seem to have a lot invested in gpus. Id be worried too, but not ignorant.
I unignored you to see if MAYBE your next reply would be an apology. Apparently not... Instead, you want to get involved in a shout match and make false accusations. You ASSUME I made no profit with my ASIC's of old when I actually did. Barely... But I did... Now, I'll actually ignore you for 24 hours to give you time to think logically without emotions clouding your mind then unignore you to see if you have come to your senses. And honestly, you really are acting PATHETIC right now. 24 hour ignore implemented after this post. 06:29:14 AM, Wednesday, May 23, 2018 is 24h. |
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bitmain has screwed with your potential future profits, so how are you going to deal with that? Complaining only gets you so far. Its just capitalism comrade. Capitalism versus community. Wouldn't normally count for much except many of these coins claim to be community coins. Now it's time to hold dev teams to the promises they made when they wrote "asic resistant". Bitmain has the money and the hashrate, but the community provides credibility. Take that away and the coin fails. Doesn't matter how many asics secure the network if nobody believes in the coin. Delenda est Zcash.SPOKEN LIKE A CHAMP!!! THANKS FOR THE EXCELLENT QUOTE AND IT EARNS YOU +1 MERIT FROM ME. |
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This is all about above, just because someones a low poster or a newbie doesnt automatically make them a shriller, forking is futile.
All you're doing now is searching through my posts for ANY EXCUSE to find fault with me to TRY to justify a means and/or reason to continue in your own insanity fostered by your own greed and BITMAIN's ILLUSION. Plain and simple. You started it IF that's what you think, then I'll finish it. IGNORED>>> I'm NOT going to get involved in another shouting match. |
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And calling us pathetic..
If you want to be "pathetic" then so be it. If it makes you FEEL better for someone to pamper you, hold you and be gentle with you, you've come to the wrong place, dude. |
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This is all about above, just because someones a low poster or a newbie doesnt automatically make them a shriller, forking is futile.
All you're doing now is searching through my posts for ANY EXCUSE to find fault with me to TRY to justify a means and/or reason to continue in your own insanity fostered by your own greed and BITMAIN's ILLUSION. Plain and simple. |
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I gave SEVERAL reasons in SEVERAL posts a few pages back as to WHY NOT BITMAIN and WHY BITMAIN IS A PLAGUE TO THE INDUSTRY.
That post you quoted also gives some of those reasons. It's NOT just one reason, dude. It's a CULMINATION of reasons.
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Your looking into FPGAs? To buy them i assume.. Your a hypocrite!
Please be careful when accusing someone without gathering all evidence to support your accusation. You also need to read previous posts of mine in this forum: NOTE THE PURPLE TEXT IN THAT QUOTE: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.Your accusing people of shrilling for bitmain cause they are pro zec non fork BITMAIN IS "THE" DOMINATING MANUFACTURER... among other reasons. You STILL don't get it... Just forget it... You're not seeing it cause you do not WANT to see it. You only want to judge and condemn. |
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IF YOU READ MY POSTS YOU WILL SEE (UNDERSTAND) WHAT I'M AGAINST.
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Your against zec not forking but you want to be apart of a new miner that will destroy the profit of gpu mining for Cn7 and zec and zec if it forks. An FPGA that will greatly centralize hashrate to 1 or 2 major FPGA manufacturers, oh that arent bitmain.
You STILL DON"T GET IT... What's your problem??? Read the last post I just posted where I QUOTE MYSELF then THINK... GEEEEEEEEZ. So quick to judge. |
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Your looking into FPGAs? To buy them i assume.. Your a hypocrite!
Please be careful when accusing someone without gathering all evidence to support your accusation. You also need to read previous posts of mine in this forum: NOTE THE PURPLE TEXT IN THAT QUOTE: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. |
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Your looking into FPGAs? To buy them i assume.. Your a hypocrite!
You have no idea, dude. Be careful what you say, before writing it down. Tell me what the difference is between ALL FPGA Manufacturers and one monopolistic manufacturer called, BITMAIN... The only difference between an FPGA and a GPU is it can be programmed to mine most ANY algo. However, we don't have the concern of one manufacturer DOMINATING like we do BITMAIN do we? |
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Im well aware they were profitable, all im saying is things change, bitmain has screwed with your potential future profits, so how are you going to deal with that? Complaining only gets you so far. Its just capitalism comrade.
You think I'm complaining when that's NOT it at all. I have my speculation of a Plan A, B and C based on future events. That's something I personally have spent a lot of time researching to determine for myself what to do if certain circumstances should arise. I'm not sharing those circumstances here or in private. I'll let others figure that out for themselves like I did. I'm here for the long haul... I'm not going anywhere cause GPU's are not going anywhere. You'll see... Cause BITMAIN is about to ruin it for themselves and prove what I've been preaching all along in due time. There will be a LOT of pissed off miners if what I think may play out actually plays out. |
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Bitmain, Cannon and the rest build miners for one reason, to make money. Then again, every company builds things to make money. None of them have our best interest at heart, they are all in it for the money.
ROFL... Sounds like FPGA's and GPU's are the way to go for now. Especially, FPGA's. Buying ASIC"s specific to one thing is only limiting one's self. Best to go FPGA. Once they get them out in mass I agree. +1 SENT YOU A MERIT. |
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