There here, and what now with Zcash ?

[N2DCRYPT]

You miners are self centered. Miners need quality coins to mine. Coins do not need specific miners to get them.

If you were a large gold nugget do you really care about how you were extracted.

Selling your zcash over this would be a dumb financial move but your free to do whatever you want. Just be a man and don't cry when it moons and have it's moment

Haha, you're pretty funny, at least with a gold nugget I could make the argument that the nugget exists, will continue to exist, and has something tangible to it on it's own.

Any crypto means nothing, and has no point, without an underlying community and people that give it value. And every crypto I can think of today was built upon a network of home users, and those users continue to drive the meaning and value of every project. Miners, node operators, whatever, starts on a home user basis. It's this adoption which gives a project purpose and value. The only value is in the network of users. There are hundreds of identical projects in the space, there could be thousands of ZCash forks such that absolutely nothing about ZCash is distinguishable besides maybe the name. What gives it value then? Only its user base.

Ever seen Bitmain build its own crypto? Any project ever started off being based on a Bitmain machine? No. Vultures swoop in and feed on animals they did not hunt; Bitmain harvests what it did not plant.

And perhaps the miners that built up the network don't really have a say in the direction a project goes... perhaps each miner in his own little sphere of influence does not add up to the impact Bitmain brings. But I personally believe that miners (and by "miners" I mean home miners and small-time miners) provide a face to a project and visibility in there respective communities that Bitmain doesn't provide.

You may be right, and I may financially lose out if ZCash "moons" for reasons I can't presently perceive, but I'll still abandon the project as a matter of principle. And I won't stay on a train that Bitmain is driving, I don't care what the destination is.

[lunobird]

You miners are self centered. Miners need quality coins to mine. Coins do not need specific miners to get them.

If you were a large gold nugget do you really care about how you were extracted.

Selling your zcash over this would be a dumb financial move but your free to do whatever you want. Just be a man and don't cry when it moons and have it's moment

Haha, you're pretty funny, at least with a gold nugget I could make the argument that the nugget exists, will continue to exist, and has something tangible to it on it's own.

Any crypto means nothing, and has no point, without an underlying community and people that give it value. And every crypto I can think of today was built upon a network of home users, and those users continue to drive the meaning and value of every project. Miners, node operators, whatever, starts on a home user basis. It's this adoption which gives a project purpose and value. The only value is in the network of users. There are hundreds of identical projects in the space, there could be thousands of ZCash forks such that absolutely nothing about ZCash is distinguishable besides maybe the name. What gives it value then? Only its user base.

Ever seen Bitmain build its own crypto? Any project ever started off being based on a Bitmain machine? No. Vultures swoop in and feed on animals they did not hunt; Bitmain harvests what it did not plant.

And perhaps the miners that built up the network don't really have a say in the direction a project goes... perhaps each miner in his own little sphere of influence does not add up to the impact Bitmain brings. But I personally believe that miners (and by "miners" I mean home miners and small-time miners) provide a face to a project and visibility in there respective communities that Bitmain doesn't provide.

You may be right, and I may financially lose out if ZCash "moons" for reasons I can't presently perceive, but I'll still abandon the project as a matter of principle. And I won't stay on a train that Bitmain is driving, I don't care what the destination is.

Two word that will invalidate everything you said.

XRP RIPPLE. 3rd largest market cap that needs no miners to win.

Proof that miners are dirty scumbags bottom feeders of the earth and should be treated as such

[norminorm]

To lunobird
Ripple only exists because of crypto community. we mine on different projects, trade coins and invest them. most of us live in counties where you cant change crypto for fiat - yet. without "us the crypto community" there is nothing. ripple was not created with support from banks. As far as I know it is not trading on NYSE or DJ but on Poloniex, Bitrex etc. So buck off - and respect for the MINERS PLEASE.

[Mike011]

You miners are self centered. Miners need quality coins to mine. Coins do not need specific miners to get them.

If you were a large gold nugget do you really care about how you were extracted.

Selling your zcash over this would be a dumb financial move but your free to do whatever you want. Just be a man and don't cry when it moons and have it's moment

Haha, you're pretty funny, at least with a gold nugget I could make the argument that the nugget exists, will continue to exist, and has something tangible to it on it's own.

Any crypto means nothing, and has no point, without an underlying community and people that give it value. And every crypto I can think of today was built upon a network of home users, and those users continue to drive the meaning and value of every project. Miners, node operators, whatever, starts on a home user basis. It's this adoption which gives a project purpose and value. The only value is in the network of users. There are hundreds of identical projects in the space, there could be thousands of ZCash forks such that absolutely nothing about ZCash is distinguishable besides maybe the name. What gives it value then? Only its user base.

Ever seen Bitmain build its own crypto? Any project ever started off being based on a Bitmain machine? No. Vultures swoop in and feed on animals they did not hunt; Bitmain harvests what it did not plant.

And perhaps the miners that built up the network don't really have a say in the direction a project goes... perhaps each miner in his own little sphere of influence does not add up to the impact Bitmain brings. But I personally believe that miners (and by "miners" I mean home miners and small-time miners) provide a face to a project and visibility in there respective communities that Bitmain doesn't provide.

You may be right, and I may financially lose out if ZCash "moons" for reasons I can't presently perceive, but I'll still abandon the project as a matter of principle. And I won't stay on a train that Bitmain is driving, I don't care what the destination is.

Two word that will invalidate everything you said.

XRP RIPPLE. 3rd largest market cap that needs no miners to win.

Proof that miners are dirty scumbags bottom feeders of the earth and should be treated as such

Really? A bank coin? Also if you have so much hate and despise for the miners wtf are you doing on this subforum?

[ltcsprite]

i like the fact that ripple is also edible



xrp the snack of champions. 

[not.you]

Vitalik is essentially correct though.  The amount of electricity used to mine cryptos is excessive and bad for the planet.

That is a load of crap.

I would agree with you if you were right.

[HansHagberg]

Seems like a risky move to hand over control to a big chinese company for any blockchain project.
No blockchain really has any widespread utility yet and will probably not stand on it's own feet without the community support. Bitmain is not much of a community.

Bitmains official business plan is to dominate mining in all aspects. They are the biggest mining operation themselves and they sell their hardware when they see fit. Often, this is when there is nothing more to mine (eg. Cryptonight fork) or they have newer hardware they want to start using themselves. This is not even a secret.
Being in China, they are also under state control.

Does any of that sound like being in the spirit of decentralized crypto currencies ?

I would be surprised if any project would mess with the current infrastructure too much at this early stage of crypto. I'm sure they will dodge the ASICs for a while until they figure it doesn't matter. Today, any project forking away from ASICs get a lot of goodwill and free marketing so it should be very profitable. In addition, they come out as heroes

[grchina]

Man you guys are so hilarious.

All of your care about coins being GPU minable is pure and simple greed.

Try not to  forget what crypto is for, its not just mining profits....

Because at least this way we have some kind of decentralisation instead one company controling the market(look at bitcoin cash and whats happening with it)If there are like 10 companies making asics i wouldnt mind it but this way entire crypto will be in the hands of few greedy individuals

[not.you]

Man you guys are so hilarious.

All of your care about coins being GPU minable is pure and simple greed.

Try not to  forget what crypto is for, its not just mining profits....

Because at least this way we have some kind of decentralisation instead one company controling the market(look at bitcoin cash and whats happening with it)If there are like 10 companies making asics i wouldnt mind it but this way entire crypto will be in the hands of few greedy individuals

bitmain
caanan
bw
bitfury
ibelink
pinidea
innosilicon
haolong (may be innosilicon)
baikal

At least 8, maybe 9, who did I forget?

[hawkfish007]

Man you guys are so hilarious.

All of your care about coins being GPU minable is pure and simple greed.

Try not to  forget what crypto is for, its not just mining profits....

Because at least this way we have some kind of decentralisation instead one company controling the market(look at bitcoin cash and whats happening with it)If there are like 10 companies making asics i wouldnt mind it but this way entire crypto will be in the hands of few greedy individuals

bitmain
caanan
bw
bitfury
ibelink
pinidea
innosilicon
haolong (may be innosilicon)
baikal

At least 8, maybe 9, who did I forget?

and countless farms with expertise in FPGA which can be programmed to mine anything even ASIC resistant XMR.

[grchina]

Man you guys are so hilarious.

All of your care about coins being GPU minable is pure and simple greed.

Try not to  forget what crypto is for, its not just mining profits....

Because at least this way we have some kind of decentralisation instead one company controling the market(look at bitcoin cash and whats happening with it)If there are like 10 companies making asics i wouldnt mind it but this way entire crypto will be in the hands of few greedy individuals

bitmain
caanan
bw
bitfury
ibelink
pinidea
innosilicon
haolong (may be innosilicon)
baikal

At least 8, maybe 9, who did I forget?

And how % of sold hardware will belong to bitmain when they ramp up the production of eth and zec asics?You cant seriosly not see the danger of centralisation when only one company creates asics for biggest cap coins,yes same can be said for gpus and nvidia and amd but you can buy gpus prety much everywhere when ever you want....

[Mike011]

Vitalik is essentially correct though.  The amount of electricity used to mine cryptos is excessive and bad for the planet.

That is a load of crap.

I would agree with you if you were right.

Sources? Facts? Links?

[not.you]

Vitalik is essentially correct though.  The amount of electricity used to mine cryptos is excessive and bad for the planet.

That is a load of crap.

I would agree with you if you were right.

Sources? Facts? Links?

Yes please do provide those to support your weak ass contention that my statement was "a load of crap".  I'm glad we can agree that your opinionated assertion, devoid of support is without merit.

[Riptide_NVN]

.2% of global power use. Buncha paranoid nonsense.

[Marvell2]

.2% of global power use. Buncha paranoid nonsense.

lol. all the databases and servers used by financial compaines , internet companies like facebook ebay amazon
dwarf the hell out of crypto mining power use , its fake news

[Mike011]

Vitalik is essentially correct though.  The amount of electricity used to mine cryptos is excessive and bad for the planet.

That is a load of crap.

I would agree with you if you were right.

Sources? Facts? Links?

Yes please do provide those to support your weak ass contention that my statement was "a load of crap".  I'm glad we can agree that your opinionated assertion, devoid of support is without merit.

Without any backing, it is a load of crap. So, you are assuming, if not - provide proof. Not just for me, for the entire community that reads this, which is also in disbelief. Considering your status on this forum, you should help the community - enlighten us, if it is more pleasing to your stellar persona.

[not.you]

Vitalik is essentially correct though.  The amount of electricity used to mine cryptos is excessive and bad for the planet.

That is a load of crap.

I would agree with you if you were right.

Sources? Facts? Links?

Yes please do provide those to support your weak ass contention that my statement was "a load of crap".  I'm glad we can agree that your opinionated assertion, devoid of support is without merit.

Without any backing, it is a load of crap. So, you are assuming, if not - provide proof. Not just for me, for the entire community that reads this, which is also in disbelief. Considering your status on this forum, you should help the community - enlighten us, if it is more pleasing to your stellar persona.

If you are unaware of human caused climate change at this point you are either willfully ignorant or a moron.  In either case you get the ignore button.

[norminorm]

Guys we need a separate forum only for us - GPU miners.
Place where we could talk about our problems, where software makers can advertise GPU mining software, where honest GPU-pro coins developers could ask for our mining support.
What sucks it is the fact that This forum Altcoins mining was ours - GPU miners, Miners developers, pool operators , new coin developers etc  But ever since ASIC aka SHITMAN come in, we help pushing and growing coins and they take over when it is profitable - nice gimmick.

For all the ASIC and ASIC supported coins you could go and F... Y... selfs.
START YOUR OWN PROJECTS
To all ASIC support coins developers - Go and ask bitman to support your mining.

[norminorm]

"If you are unaware of human caused climate change at this point you are either willfully ignorant or a moron.  In either case you get the ignore button."

Hey buddy did you ever go to China because i did. that is where the fight to save the planet suppose to start. and not by me closing down my rigs.
Any think you do, drive less, use less electricity is f... all to the pollution that is there. Billion dollars companies don't care and YOU will save the planet.

As for Vitalik - I will talk smart too if I will have his money. BTW news to him -  RAVEN is coming and it has a support of the community it it will be new and better coin then ETH.
Vitalik is happy now because he does not need you he has Banking friends now.

ALL OF YOU FULL and LEGENDARY MEMBERS - WAKE UP.

[Mike011]

Vitalik is essentially correct though.  The amount of electricity used to mine cryptos is excessive and bad for the planet.

That is a load of crap.

To call someone names, ignore him, without any proof whatsoever for whar you claim is kinda wiggling out of a sticky situation. You can wiggle all you want, ignore entire forum if you want, but it does not change the fact that what you have said is utter load of cock and bull.


I would agree with you if you were right.

Sources? Facts? Links?

Yes please do provide those to support your weak ass contention that my statement was "a load of crap".  I'm glad we can agree that your opinionated assertion, devoid of support is without merit.

Without any backing, it is a load of crap. So, you are assuming, if not - provide proof. Not just for me, for the entire community that reads this, which is also in disbelief. Considering your status on this forum, you should help the community - enlighten us, if it is more pleasing to your stellar persona.

If you are unaware of human caused climate change at this point you are either willfully ignorant or a moron.  In either case you get the ignore button.

to call people names that disagree with you makes me wonder how someone as immature as you have a such high status on this forum. whatever the case, you have no proof whatsoever other then your vague sentiment or concern about global pollution. mining is a drop in the ocean and you as well as anyone else should stop exeggarating that shit. and since you have nothing solid to back your claims, you sir are talking shit. also you are second person in two days that disapproves mining and does not belong on mining subforum.