ETH GPUs miners beware!

[QuintLeo]

I hope they make the ASIC and then go bankrupt.


https://coincentral.com/when-will-ethereum-mining-end/

Iffy if they have any plans at all to make a equihash miner.
Probability zero of them going bankrupt anytime soon, they're making money hand over fist on the S9's they CAN get made, not to mention the L3+ and other lower-volume models.

[1713507036]

1713507036

[randomduck]

How much does everyone think something like this would cost?? Just a rough estimate i guess.

[smoolae]

How much does everyone think something like this would cost?? Just a rough estimate i guess.

Probably around 2.2k-3.7k usd.

[9600]

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*** anyone have any info on the above or have one on order ?

I have a significant QTY of Sophon SC1 TPUs in deployment for our research customers.
It’s worth noting that the device presents itself to the OS as a Xilinx memory controller with 16GB DDR4.
Bitmain has detailed FP16/32 INT functions available to the Metal API with a theoretical max throughout of 2TFLOPS.

If anyone is interested in getting schedule SSH access to a host with an SC-1, please feel free to PM me.

[AlecMe]

I hope they make the ASIC and then go bankrupt.


https://coincentral.com/when-will-ethereum-mining-end/

I second that )

[Metroid]

Its amazing, what made all this crash and instability is asics.

[kjs]

Fuck BITMAIN.

[rdluffy]

Fuck BITMAIN.

If this is true I'll leave cryptos
Decentralization iss my $%%$
Bitmain are dominating everything, this is not the idea

I'll sell every coin I have, and join the team against cryptos

Let's see if the devs will have balls to do what Bitcoin devs didn't

[Spill]

Yup its over Johnny..... but its not only just bitmain its 3 other companys.

"During our travels through Asia last week, we con confirm that Bitmain has already developed an ASIC for mining Ethereum, and is readying the supply chain for shipments in 2Q18. The initial roll out is expected in 2Q18, but production is expected to be somewhat limited (Bitmain may use these first rigs for proprietary mining within their own infrastructure). Production volumes are expected to ramp significantly beginning in Mya, with more widespread retail availability soon after. While Bitmain is likely to be the largest ASIC vendor (currently 70% to 80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs all at various stages of development."


They dont have killer Hash rate,   The real killer is how little power they use.  

Here is the link for the whole article

https://www.barrons.com/articles/amd-nvidia-at-risk-from-wave-of-new-custom-chips-says-susquehanna-1522082860

[Marvell2]

Yup its over Johnny..... but its not only just bitmain its 3 other companys.

"During our travels through Asia last week, we con confirm that Bitmain has already developed an ASIC for mining Ethereum, and is readying the supply chain for shipments in 2Q18. The initial roll out is expected in 2Q18, but production is expected to be somewhat limited (Bitmain may use these first rigs for proprietary mining within their own infrastructure). Production volumes are expected to ramp significantly beginning in Mya, with more widespread retail availability soon after. While Bitmain is likely to be the largest ASIC vendor (currently 70% to 80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs all at various stages of development."


They dont have killer Hash rate,   The real killer is how little power they use.  

Here is the link for the whole article

https://www.barrons.com/articles/amd-nvidia-at-risk-from-wave-of-new-custom-chips-says-susquehanna-1522082860

eth will fork for sure if that happens

[kjs]

eth will fork for sure if that happens

Unfortunately probably not.

[stash2coin]

Forking is not a solution either, they can spin another version of the silicone, its cat, mouse game and in the end the crypto currency may loose value because of the constant forking....so its not that easy to say lets make forks every 3 months, this will put a total mess.

[lotfiuser]

why asic are coming if ethereum will go to POS this asic are just a scam and wast of money and they will make it harder foreveryone to earn from mining i wish eth will ban them

[stash2coin]

Do you have a date for the POS??? also whoever have the biggest stake of coins will control the crypto, so decentralization my @ss,
I'm getting amused that only now people are starting to realize that crypto decentralization is an illusion. There are basic rules that wont change for many years to come...

[swogerino]

I hope they make the ASIC and then go bankrupt.


https://coincentral.com/when-will-ethereum-mining-end/

Iffy if they have any plans at all to make a equihash miner.
Probability zero of them going bankrupt anytime soon, they're making money hand over fist on the S9's they CAN get made, not to mention the L3+ and other lower-volume models.

I think they may have already released an equihash miner, the super spike in difficulty there cannot be explained otherwise. People mining Equihash compared to Ethereum are fewer. Bitmain is having success with the low power consumption miners so an ethereum one may be in plan.

[jmigdlc99]

Forking is not a solution either, they can spin another version of the silicone, its cat, mouse game and in the end the crypto currency may loose value because of the constant forking....so its not that easy to say lets make forks every 3 months, this will put a total mess.

But they only need to play cat and mouse until they complete POS. If you look at the ETH dev calls they're actually already testing POS and it is slowly becoming a possibility. I have utmost confidence in the ETH dev team and although i would hate for it to go POS and loose value in my mining investment, i believe its necessary for ETH to further grow.

[Giorgi.mm]

ETH mining difficulty rises so much day by day, those assholes are already mining I am pretty sure, They wont release miners until there wont be news regarding fork or Pos.

[The Demon Slick]

I have a significant QTY of Sophon SC1 TPUs in deployment for our research customers.
It’s worth noting that the device presents itself to the OS as a Xilinx memory controller with 16GB DDR4.
Bitmain has detailed FP16/32 INT functions available to the Metal API with a theoretical max throughout of 2TFLOPS.

If anyone is interested in getting schedule SSH access to a host with an SC-1, please feel free to PM me.

Does it actually use an xilnix fpga? Just curious. I'm a lot more high on the newer eFPGAs like the Achronix speedcore, I think there's a lot of potential there.

[Piskeante]

Bitmain is already mining with Asics ETH. That's a fact.

Why??? Because it's impossible to move 8.000gh/s within 2 hours.

if we consider that normal people have 1 6gpu rig about 180mh/s, That's like saying 44.444 6-gpu's mining rigs were switched to ETH in two hours.  That's impossible. Unless you are using ASICS.

Do you want another argument???

ETH will go PoS in just about 3 months. Bitmain would never sell not even one ETH asic miner once Vitalik published the Casper patch for PoS , so they are begining to sell their equipment.

Bitmain is to be blamed for the increase in difficulty in ETH. And also, by helping to get 100 million coins quicker, advancing the time to PoS.

Fuck those motherfuckers to hell!!!!!

[Piskeante]

Forking is not a solution either, they can spin another version of the silicone, its cat, mouse game and in the end the crypto currency may loose value because of the constant forking....so its not that easy to say lets make forks every 3 months, this will put a total mess.

But they only need to play cat and mouse until they complete POS. If you look at the ETH dev calls they're actually already testing POS and it is slowly becoming a possibility. I have utmost confidence in the ETH dev team and although i would hate for it to go POS and loose value in my mining investment, i believe its necessary for ETH to further grow.

i aggree in that ETH will go PoS very soon. My guess is in three months from now. But ....i would like to know why PoS would increase the value of ETH. Moreover, i would like to know why ETH would grow more.

I have the contrary opinion on yours.