[ANN] Bitcoin Gold : Make Bitcoin Decentralized Again

[Crystal Method]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

[tekmobile]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users instead of the ASIC manufacturers

[jbreher]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

Frankly, I find the entire 'bubut muh centralization' narrative ludicrous. As long as there are no prohibitive institutional barriers to mining entry, it is as decentralized as is beneficial.

[bones261]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

[tekmobile]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

AMD & nVidia aren't miners plus there are many more GPU manufacturers than ASIC manufacturers AMD & nVidia may produce the actual gpu core but it's the many manufacturers that release the cards.

You are not forced to get your cards from AMD & nVidia there is nothing stopping you from going to your local big box computer store

[tekmobile]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

Precisely and that $1500 miner you buy or whatever they cost now that bitmain manufacturers for peanuts gets put straight into operation from the production line slave factory with a small fraction being sold off at a HUGE markup

[jbreher]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

Irrelevant. Mining equipment is available to anyone willing to purchase.

Though if you want to purchase the best, you'll need to acquire some BCH.

[jbreher]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

AMD & nVidia aren't miners plus there are many more GPU manufacturers than ASIC manufacturers AMD & nVidia may produce the actual gpu core but it's the many manufacturers that release the cards.

You are not forced to get your cards from AMD & nVidia there is nothing stopping you from going to your local big box computer store

...and buy card containing chips made by AMD and Nvidia.

Nevertheless: I find the entire 'bubut muh centralization' narrative ludicrous. As long as there are no prohibitive institutional barriers to mining entry, it is as decentralized as is beneficial.

[tekmobile]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

Irrelevant. Mining equipment is available to anyone willing to purchase.

Though if you want to purchase the best, you'll need to acquire some BCH.

For how long though if what DragonMint is saying is true then miners will purchase their miners instead with BTC

[Rosewater Foundation]

I hope he isn't betting Bitmain's monopoly will continue indefinitely. I think that would be unwise

[jbreher]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

Irrelevant. Mining equipment is available to anyone willing to purchase.

Though if you want to purchase the best, you'll need to acquire some BCH.

For how long though if what DragonMint is saying is true then miners will purchase their miners instead with BTC

Perhaps. We'll need to see how far the giddy optimism of tapeout diverges into the cold reality of first article delivery.

But doesn't that admission poke holes in your 'bubut muh centralization' argument?

(Incidentally: it's about frickin' time somebody stopped whinging about Bitmain's supposed unfair advantage, and actually got the cojones to try to compete instead.)

[tekmobile]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

AMD & nVidia aren't miners plus there are many more GPU manufacturers than ASIC manufacturers AMD & nVidia may produce the actual gpu core but it's the many manufacturers that release the cards.

You are not forced to get your cards from AMD & nVidia there is nothing stopping you from going to your local big box computer store

...and buy card containing chips made by AMD and Nvidia.

Nevertheless: I find the entire 'bubut muh centralization' narrative ludicrous. As long as there are no prohibitive institutional barriers to mining entry, it is as decentralized as is beneficial.

The issue is not the chip manufacturer making the chips its with the chip manufacturer trying to dictate the network

there is no way either AMD or nVidia can outrank everyone that owns a GPU they struggle now to keep up with the demand of the gaming market because of miners buying cards

Plus the cards can remain profitable for a very long time I have a R9 280x here that although is now must be going on 5 years is still working fine and profitable it's not as efficient but had paid for itself many times over but the majority of what I have at RX480s

[lucky626]

Love this project, goodluck Dev

[bones261]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

Irrelevant. Mining equipment is available to anyone willing to purchase.

Though if you want to purchase the best, you'll need to acquire some BCH.

So if I want to mine with sha256 algo, I need to purchase the equipment from the same people who are going to be my direct competitors? What kind of fair raw deal is that? To add insult to injury, Bitmain requires that I use only BCH, which benefits Bitmain even more. Sick of oligarchies making all the rules, to make the most profit for themselves. That's why I got into crypto in the first place.

[nirozeen]

is gold still more profitable to mine than bch?

[bones261]

is gold still more profitable to mine than bch?

Both use different equipment. You need an ASIC to mine BCH. (You could try to mine BCH with a GPU, but your profit will be very meager, even if you have free electricity. If you do pay for electricity, it will be a definite loss. It definitely won't be worth your time, under any circumstances.)When I put in the numbers on What-to mine; Bitcoin Gold still appears to be the most profitable coin to mine with my Nvidia GPU, at the moment. https://whattomine.com/coins/214-btg-equihash?utf8=%E2%9C%93&hr=420&p=135&fee=0.0&cost=0.15&hcost=0.0&commit=Calculate

[jbreher]

I don't understand your motto "Make Bitcoin Decentralized Again" ... When it became centralized? What does it means?)

It means giving the power back to the users Nvidia and AMD instead of the ASIC manufacturers

FTFY

And what mining farms do Nvidia and AMD control? Please enlighten us... Bitmain has its own farms as well as Bitfury.

Irrelevant. Mining equipment is available to anyone willing to purchase.

Though if you want to purchase the best, you'll need to acquire some BCH.

So if I want to mine with sha256 algo, I need to purchase the equipment from the same people who are going to be my direct competitors? What kind of fair raw deal is that? To add insult to injury, Bitmain requires that I use only BCH, which benefits Bitmain even more. Sick of oligarchies making all the rules, to make the most profit for themselves. That's why I got into crypto in the first place.

Then federate a coalition of people that feel the same way, put your time effort and treasure on the line, and spin your own ASIC. The free market will work for you just as well as it does for Jihan.

Always drives me nuts that, in this permissionless environment, so many people complain about the way the free market operates.

Again, kudos to DragonMint. Follow their example or kwitcherbitchen.

is gold still more profitable to mine than bch?

Both use different equipment. You need an ASIC to mine BCH. (You could try to mine BCH with a GPU, but your profit will be very meager, even if you have free electricity. If you do pay for electricity, it will be a definite loss. It definitely won't be worth your time, under any circumstances.)When I put in the numbers on What-to mine; Bitcoin Gold still appears to be the most profitable coin to mine with my Nvidia GPU, at the moment. https://whattomine.com/coins/214-btg-equihash?utf8=%E2%9C%93&hr=420&p=135&fee=0.0&cost=0.15&hcost=0.0&commit=Calculate

Hey look! An untapped market!

Who will be the first to spin an ASIC for Bitcoin Gold and its algo cousins? I can pretty well guarantee it won't be anyone who spends their precious time crusading on bitcointalk against Jihan's supposed unfair advantage.

(I don't mean to be ragging on you specifically, bones. This is really addressed to the masses)

[tuanbct95]

It looks like that devs sold most of their coins. Good luck guys.

[gigi55]

It looks like that devs sold most of their coins. Good luck guys.

Seriously?

[jubalix]

I tried my btc addresses in the BTG explorer but the address came up as not there....do we have to add prefix or do a bit shift or something?