Stopping the Bitmain monopoly train

[Geraldo]

Super agree with a few parts of this:

Read the whole thread and everyone is missing big point here.  Problem isn't people buying the miners.  Bitmain has already made hundreds of them and are running them on their private farms.  The units for sale are used or assembled from obsolete chips.  We can stop buying them but they will simply keep them all rather than sell the scraps.

The moral here is that the miners already exist and are currently running regardless of how the community feels.

The one only reason that can upset "The units for sale are being used or assembled from obsolete chips." Yeah, we can't control what people did, what people want. Let people do what they want, they (Bitmain) can create an ASICs that we can't; they were so great, agree? How if, we are the party that can do it (creating something, just like Bitmain do)?

Let's compare about one standard GPUs rig (six cards) and one ASIC (that equivalent / which work on the same algorithm)

- How much that both cost you?
- How about comparing both electricity needs?
- How about complexation?

I believe your answer would be different each. It will depend on your passion.

I am GPU miner, and I didn't interesting and buying ASICs (at least starting from my last ASIC [AnTminer S1] lol).


My warm advice:
Just Ignore what you have zero control over it! Focus on what you can do, what you can explore, what you can improve, what you can optimize. 

[CryptoPlay]

Monero will be what BTC supposed to be!

[Fanpant]

Monero will be what BTC supposed to be!

What about the Bitcoin Cash?

[dhouse]

Monero will be what BTC supposed to be!

What about the Bitcoin Cash?

Bitcoin Cash is the real Monero!!!!! Er....

[2stout]

Forking to change algo's is probably the best way to slow this down.  Then watch how many more ASIC miners are quickly announced and come to market.  If Bitmain didn't do "hidden mining", there would be significantly less hate due to centralization and unethical practices concerns.

[shield132]

The real key to stopping the Bitmain and this greedy policy is two fold.

1. We need to simply stop buying the miners. We as miners should by only a few batches and then stop. If we don't do this the difficulty will become so high only people with huge mining operations will be able to show a profit.
2. Absolutely do not under any circumstance mine using their Ant pool server as this allows them to keep profiting from the sale of the miners and it forms a monopoly of profit for them.
We must mine some where else. Anywhere else otherwise Bitmain will completly monopolize and control all the coin markets. Part two is the most important.

There is no way of it. Almost 100% of population likes free/easy money. So antminers gives us this, if you and me won't buy, then others will buy. If people would be together in bad moments, life wouldn't be like today + there wouldn't be word poor too.
I don't like their monopoly too, anything they touch gets destroyed and abandoned.

[Bighero76]

Bitmain supplies the farm investors an easy way to mine coin. They make millions of dollars a week so they arent going out of business anytime soon. They are the Apple of the cryptomining world.

[rdluffy]

I gave up trying to understand people

A lot of people say they are in cryptos because the technology, or because they are against governments, banks, the monetary system, but they all buy stuff from bitmain, they don't care about cryptos, they are here just to gain money

It's disgusting to see something with big potential, but people are doing with they know best

[DigitalCruncher]

There is a better method that I will be pushing for at the same time that I release my own FPGA bitstreams, and that is for all coins to adopt dynamically changing algorithms like Timetravel10, X16R, X16S, X11Evo.  These can be mined by FPGA's and GPU's, but no ASIC can ever beat an FPGA on those algorithms, making them the only real 'ASIC-Proof' algorithms invented thus far.  The technical details of why that is the case are complicated.

If coins adopted those algorithms, they would never have to go through the trouble of 'forking' since no ASIC can beat a DIY-FPGA on those algorithms anyway.

These algorithms probably have insufficient resistance to the ASIC. It is not enough just to shuffle the SHA3 candidates to get rid of ASIC. It is quite possible to expect the announcement of the miner for these algorithms.

I believe that protection from ASIC should include many huge multiplexers. Those muxes are already in FPGA (although they are statically configured at Place and Route stage), but they will take up a lot of space in ASIC. The downside of this solution is the need to build a bitstream for every state of multiplexer and load a bitstream at the beginging of every block.

In order to distribute computing power equally for everyone, it makes sense to use somehow the bandwidth of the PCI Express link with at least 8 transceivers of GTX in the POW function.

Further, it makes sense to choose a useful function for the POW. For example, the Needleman Wunsh or Smith Waterman algorithms. Thus this altcoin may have a real price.