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Auponef
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July 04, 2016, 07:13:59 PM |
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GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.
Bitcoin is same.
Crypto is centralized where the few decide the fate of the many, decentralization is an illusion.
So we need more pools. I wish most pools are honest and can attract more users and distribute them. |
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Bokelka
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July 04, 2016, 08:04:36 PM |
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GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.
Bitcoin is same.
Crypto is centralized where the few decide the fate of the many, decentralization is an illusion.
So we need more pools. I wish most pools are honest and can attract more users and distribute them. Ideally, we need hundreds of pools and the miners are also well distributed. I heard there are some solo mine coins. |
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limbaugh
Legendary
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Activity: 1311
Merit: 1000
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July 05, 2016, 04:36:13 AM |
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GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.
Bitcoin is same.
It's not the same. Bitcoin's blockchain is owned by China ASIC manufacturers. ETH PoW is available to anyone and uses off the shelf hardware. As long as it stays that way ETH will be as close to decentralization as it gets. |
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Bokelka
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July 05, 2016, 06:32:52 AM |
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GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.
Bitcoin is same.
It's not the same. Bitcoin's blockchain is owned by China ASIC manufacturers. ETH PoW is available to anyone and uses off the shelf hardware. As long as it stays that way ETH will be as close to decentralization as it gets. Ethereum mining is more decentralised than the bitcoin mining. But it will gradually centralise in cheap energy places. |
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parmatiya
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July 05, 2016, 10:55:37 AM |
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GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.
Bitcoin is same.
It's not the same. Bitcoin's blockchain is owned by China ASIC manufacturers. ETH PoW is available to anyone and uses off the shelf hardware. As long as it stays that way ETH will be as close to decentralization as it gets. Ethereum mining is more decentralised than the bitcoin mining. But it will gradually centralise in cheap energy places. That will happen to any PoW coins including bitcoin and the Ethereum. The cost of mining determines that. |
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fracorcled
Newbie
Offline
Activity: 27
Merit: 0
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July 05, 2016, 05:58:34 PM |
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GPU or ASIC...it makes no difference once the farms start mining. In Ethereum it only takes 3 of the major pools to make decisions on a specific fork for the entire network.
Bitcoin is same.
It's not the same. Bitcoin's blockchain is owned by China ASIC manufacturers. ETH PoW is available to anyone and uses off the shelf hardware. As long as it stays that way ETH will be as close to decentralization as it gets. Ethereum mining is more decentralised than the bitcoin mining. But it will gradually centralise in cheap energy places. That will happen to any PoW coins including bitcoin and the Ethereum. The cost of mining determines that. I heard there are quite a few bitcoin farms in Iceland. The cost of electricity there is very cheap. The labor is more expensive. |
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Corsa1r
Member
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Activity: 89
Merit: 10
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July 05, 2016, 09:18:24 PM |
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ETH will go PoS, and then it'll be only the rich deciding things anyways.
word. I dont get the pos shit, sure it solves the insane energy requirements but at what cost? Back to the top 1% running the world? |
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Tacalt
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July 06, 2016, 08:07:42 AM |
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ETH will go PoS, and then it'll be only the rich deciding things anyways.
word. I dont get the pos shit, sure it solves the insane energy requirements but at what cost? Back to the top 1% running the world? We can all buy some Ethereum so that the top rich will not have more than 50% of the total voting power. |
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Auponef
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July 06, 2016, 09:14:06 AM |
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ETH will go PoS, and then it'll be only the rich deciding things anyways.
word. I dont get the pos shit, sure it solves the insane energy requirements but at what cost? Back to the top 1% running the world? We can all buy some Ethereum so that the top rich will not have more than 50% of the total voting power. In this world the 1% super rich controls 80-90% of the wealth. They can manipulate almost everything. |
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greenuser
Sr. Member
Offline
Activity: 364
Merit: 250
Marie Curie, 2 x Nobel Prizes Physics & Chemistry
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July 06, 2016, 10:35:20 AM |
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ETH will go PoS, and then it'll be only the rich deciding things anyways.
word. I dont get the pos shit, sure it solves the insane energy requirements but at what cost? Back to the top 1% running the world? We can all buy some Ethereum so that the top rich will not have more than 50% of the total voting power. In this world the 1% super rich controls 80-90% of the wealth. They can manipulate almost everything. @Auponef I was making coments like that on forum.ethereum.org 4 months ago and they all got took down. Conformation by action. roll on Global Insurrection Against Banker Occupation. |
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RastoMan
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July 07, 2016, 07:05:21 AM |
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Not to mention their premine. They just want to control the new coin flow as well as everything else by having a shitton.
60 million premine are sold to investors. These investors could still keep the coins or have sold out. It does not matter. |
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ErikW79
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July 07, 2016, 03:39:35 PM |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
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limbaugh
Legendary
Offline
Activity: 1311
Merit: 1000
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July 07, 2016, 08:11:44 PM |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
Then they'll make more algos. Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks. We have to save the polar bears from drowning you know. |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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July 08, 2016, 05:59:03 AM
Last edit: July 08, 2016, 10:42:19 AM by Amph |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
Then they'll make more algos. Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks. We have to save the polar bears from drowning you know. nah just wait for the next "ethereum" but it may be a long wait, meanwhile you can sell your gpu only and do something else as a good investment but if you have cheap electricity you can keep mining for a very long time so no problem anyway |
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Bokelka
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July 08, 2016, 08:34:22 AM |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
Then they'll make more algos. Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks. We have to save the polar bears from drowning you know. nah just wait for the next "ethereum" but it may be a long wait, main while you can sell your gpu only and do something else as a good investment but if you have cheap electricity you can keep mining for a very long time so no problem anyway The problem is that there will be not many coins to mine even if you have cheap electricity. Eth will be PoS later next year. |
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CoinBreader
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July 08, 2016, 09:04:57 AM |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
Then they'll make more algos. Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks. We have to save the polar bears from drowning you know. Thats what he said.. plus summer time its freaking hard to keep them cool even with free electricity ! A/C can not make it ! |
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Auponef
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July 08, 2016, 11:31:55 AM |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
Then they'll make more algos. Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks. We have to save the polar bears from drowning you know. Thats what he said.. plus summer time its freaking hard to keep them cool even with free electricity ! A/C can not make it ! It maybe difficult for the old 290, 390 or 280x cards. It should be relative easy for the RX 480 or 1070 cards. |
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Tacalt
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July 09, 2016, 06:33:40 AM |
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I think that GPU mining has still future untill someone builds ASIC for all current algos.
Then they'll make more algos. Current new coin trend is Proof of Stake/Proof of Importance - whatever nonsense. PoW is being phased out. GPU mining almost over folks. We have to save the polar bears from drowning you know. Thats what he said.. plus summer time its freaking hard to keep them cool even with free electricity ! A/C can not make it ! It maybe difficult for the old 290, 390 or 280x cards. It should be relative easy for the RX 480 or 1070 cards. The new cards are very efficient. If you do not overvolt, but undervolt and reduce the core frequency, they are very efficient. |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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July 09, 2016, 07:30:28 AM |
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i find it hard to believe that a 380 can do 20MH at 113w, and probably not stable, so it does not count unless it can do it for more than 24 hours
and in any case a 480 can do 24MH at 105w, which is still far better, no matter the optimization or the undervolting, it's impossible to compete with 14/16nm if you have 28nm....
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Bokelka
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July 09, 2016, 07:47:57 AM |
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i find it hard to believe that a 380 can do 20MH at 113w, and probably not stable, so it does not count unless it can do it for more than 24 hours
and in any case a 480 can do 24MH at 105w, which is still far better, no matter the optimization or the undervolting, it's impossible to compete with 14/16nm if you have 28nm....
I agree with you. That 380 is too efficient. It has to be tested for stability for at least 24 hours. The power supply could be good as well. |
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