Deception & Misdirection by ZEC co. Forking ASIC Resistance Bitmain Antminer Z9

[dmwardjr]

I wont deny that asics can be risky. The d3 was a shocker, and the a3 almost didnt make it to ROI on some batches, bitmain can be risky. But on the right batches, bought at sensible times, most have been very profitable. You shouldnt have stopped at the s7, the s9 was a goldmine if you bought it in the first few months, and they were readily available.

If you ONLY KNEW how profitable I've been with GPU's.  Especially, during 2016 and 2017.  If you ONLY knew.  I'm VERY pleased I never bought another ASIC.  In fact, I still have several R9 380 rigs I bought in May of 2016 making a profit.

Most ALL of my hardware was purchased in 2016 and HAS REACHED ROI THREE TIMES OVER.

I purchased a lot of NVIDIA's in 2017 and the majority of them have reached ROI.

Page 6 of a forum I created on where my small farm is now:  https://bitcointalk.org/index.php?topic=2865914.100

[shaninium]

I wont deny that asics can be risky. The d3 was a shocker, and the a3 almost didnt make it to ROI on some batches, bitmain can be risky. But on the right batches, bought at sensible times, most have been very profitable. You shouldnt have stopped at the s7, the s9 was a goldmine if you bought it in the first few months, and they were readily available.

If you ONLY KNEW how profitable I've been with GPU's.  Especially, during 2016 and 2017.  If you ONLY knew.  I'm VERY pleased I never bought another ASIC.  In fact, I still have several R9 380 rigs I bought in May of 2016 making a profit.

Most ALL of my hardware was purchased in 2016 and HAS REACHED ROI THREE TIMES OVER.

Im well aware they were profitable, all im saying is things change, bitmain has screwed with your potential future profits, so how are you going to deal with that? Complaining only gets you so far. Its just capitalism comrade.

[shaninium]

Theres a lot you dont know about asics if the last one you bought was in 2015. I mine on gpus too, i dont hate them , i just know their beat. They are inefficient and becoming more obsolete every month. Cn7 is already being mined on FPGAs. Unforkable FPGAs should be a gpu miners worst nightmare once they hit in numbers, not asics.

Do you think coin devs have the money and the time to keep forking over and over, just to keep die hard gpu miners happy? they will inevitably give in, their projects goals will come first. They get paid either way with the block reward. If they dont like it they can switch to x16r/s.

Dont you think cpu miners had the same beef with gpu s ruining their profits back at the start of the decade. Everyone has a cpu, but not everyone has a killer gpu or 6. Gpu s are still overpriced and gamers hate the lot of ya. If asics wont destroy gpu mining then FPGAs definately will.

Most people dont care about manufacturer centralization , they dont mine for free just to support a decentralized network , they mine for a profit , with the most profitable pool on the most profitable hardware whoever hosts or makes it they dont care. If they do support a network that isnt the most profitable then they just expect an even bigger profit when they dump their coins on a pump and move on.

A quick buck is an illusion?, tell that to early x3 owners, their laughing and probably even thanking downrampers like you who scared off a majority of potential buyers of the x3, reducing difficulty and increasing their profits, theyd be close to ROI if not already and they could still sell their rig for a profit. Yes s*** will hit the fan on the 30th but by then everything they mine will be complete profit or soon to be even if it isnt much.

In a perfect world it would be great if asics and fpgas didnt exist. But they do, so adapt or live with it.

I have PLENTY of friends with S9's and L3's as well dude.  A good friend of mine has total of 300 S9's and L3's who also GPU mines.  I'm familiar with ASIC's full well.  Exactly what has changed that I'm ignorant of?  They are pretty much plug and play.   ROFL...

I'm familiar with FPGA's as well.  I'm currently looking into them now.

Just Because some don't care about centralization means simply ignoring it; give up and don't educate people?

I'm done responding to your insanity.  You THINK your response has merit and is supposed to somehow refute the insanity I said you're in?  You will wake up to the grand illusion you due time.

So adapt and live with it once the RED PILL is forced down your throat.  It's a LOT easier if you will take it willingly.  It appears you're going to have it forced fed down your throat in due time and you're NOT going to like it.

Your looking into FPGAs? To buy them i assume.. Your a hypocrite!

[dmwardjr]

Im well aware they were profitable, all im saying is things change, bitmain has screwed with your potential future profits, so how are you going to deal with that? Complaining only gets you so far. Its just capitalism comrade.

You think I'm complaining when that's NOT it at all.

I have my speculation of a Plan A, B and C based on future events.  That's something I personally have spent a lot of time researching to determine for myself what to do if certain circumstances should arise.  I'm not sharing those circumstances here or in private.  I'll let others figure that out for themselves like I did.

I'm here for the long haul...  I'm not going anywhere cause GPU's are not going anywhere.  You'll see...  Cause BITMAIN is about to ruin it for themselves and prove what I've been preaching all along in due time.  There will be a LOT of pissed off miners if what I think may play out actually plays out.

[dmwardjr]

Your looking into FPGAs? To buy them i assume.. Your a hypocrite!

You have no idea, dude.

Be careful what you say, before writing it down.

Tell me what the difference is between ALL FPGA Manufacturers and one monopolistic manufacturer called, BITMAIN...

The only difference between an FPGA and a GPU is it can be programmed to mine most ANY algo.  However, we don't have the concern of one manufacturer DOMINATING like we do BITMAIN do we?

[dmwardjr]

Your looking into FPGAs? To buy them i assume.. Your a hypocrite!

Please be careful when accusing someone without gathering all evidence to support your accusation.  

You also need to read previous posts of mine in this forum:  NOTE THE PURPLE TEXT IN THAT QUOTE:

Most who KNOW me, know I've been in the space for a while and have had a LOT of experience with BITMAIN.  My LAST round of ASIC's I bought from them was 42 x Bitmain S7's in late 2015.  All of which I sold in February 2016 and never looked back.  I USED to be the one to DEFEND them when they were attacked by others and I believe many KNOW this.  THEN I TOOK THE RED PILL AND WOKE UP in February, 2016!!!  I did a LOT of research and weighing pros and cons of GPU versus ASIC.  ASIC would be fine "IF" {and it's a big if} the manufacturing of ASIC's were not CENTRALIZED, if governments did not pose a risk of banning ASIC's when they are shipped into their country, [GPU's are not so easily banned; as they have multiple purposes], and manufacturers pulling shenanigans in regards to better hardware while selling the scraps to unwary greedy driven miners trying to make a buck while being oblivious to the true "end" of what Bitmain works towards.  Which is lining their own pockets at the expense of unwary individuals who are being seriously taken advantage of.

[shaninium]

Your looking into FPGAs? To buy them i assume.. Your a hypocrite!

You have no idea, dude.

Be careful what you say, before writing it down.

Tell me what the difference is between ALL FPGA Manufacturers and one monopolistic manufacturer called, BITMAIN...

The only difference between an FPGA and a GPU is it can be programmed to mine most ANY algo.  However, we don't have the concern of one manufacturer DOMINATING like we do BITMAIN do we?

Your against zec not forking but you want to be apart of a new miner that will destroy the profit of gpu mining for Cn7 and zec and zec if it forks. An FPGA that will greatly centralize hashrate to 1 or 2 major FPGA manufacturers, oh that arent bitmain.

[dmwardjr]

Your against zec not forking but you want to be apart of a new miner that will destroy the profit of gpu mining for Cn7 and zec and zec if it forks. An FPGA that will greatly centralize hashrate to 1 or 2 major FPGA manufacturers, oh that arent bitmain.

You STILL DON"T GET IT... What's your problem???

Read the last post I just posted where I QUOTE MYSELF then THINK...  GEEEEEEEEZ. So quick to judge.

[dmwardjr]

IF YOU READ MY POSTS YOU WILL SEE (UNDERSTAND) WHAT I'M AGAINST.

[shaninium]

Your looking into FPGAs? To buy them i assume.. Your a hypocrite!

Please be careful when accusing someone without gathering all evidence to support your accusation.  

You also need to read previous posts of mine in this forum:  NOTE THE PURPLE TEXT IN THAT QUOTE:

Most who KNOW me, know I've been in the space for a while and have had a LOT of experience with BITMAIN.  My LAST round of ASIC's I bought from them was 42 x Bitmain S7's in late 2015.  All of which I sold in February 2016 and never looked back.  I USED to be the one to DEFEND them when they were attacked by others and I believe many KNOW this.  THEN I TOOK THE RED PILL AND WOKE UP in February, 2016!!!  I did a LOT of research and weighing pros and cons of GPU versus ASIC.  ASIC would be fine "IF" {and it's a big if} the manufacturing of ASIC's were not CENTRALIZED, if governments did not pose a risk of banning ASIC's when they are shipped into their country, [GPU's are not so easily banned; as they have multiple purposes], and manufacturers pulling shenanigans in regards to better hardware while selling the scraps to unwary greedy driven miners trying to make a buck while being oblivious to the true "end" of what Bitmain works towards.  Which is lining their own pockets at the expense of unwary individuals who are being seriously taken advantage of.

Your accusing people of shrilling for bitmain cause they are pro zec non fork

[dmwardjr]

Your looking into FPGAs? To buy them i assume.. Your a hypocrite!

Please be careful when accusing someone without gathering all evidence to support your accusation.  

You also need to read previous posts of mine in this forum:  NOTE THE PURPLE TEXT IN THAT QUOTE:

Most who KNOW me, know I've been in the space for a while and have had a LOT of experience with BITMAIN.  My LAST round of ASIC's I bought from them was 42 x Bitmain S7's in late 2015.  All of which I sold in February 2016 and never looked back.  I USED to be the one to DEFEND them when they were attacked by others and I believe many KNOW this.  THEN I TOOK THE RED PILL AND WOKE UP in February, 2016!!!  I did a LOT of research and weighing pros and cons of GPU versus ASIC.  ASIC would be fine "IF" {and it's a big if} the manufacturing of ASIC's were not CENTRALIZED, if governments did not pose a risk of banning ASIC's when they are shipped into their country, [GPU's are not so easily banned; as they have multiple purposes], and manufacturers pulling shenanigans in regards to better hardware while selling the scraps to unwary greedy driven miners trying to make a buck while being oblivious to the true "end" of what Bitmain works towards.  Which is lining their own pockets at the expense of unwary individuals who are being seriously taken advantage of.

Your accusing people of shrilling for bitmain cause they are pro zec non fork

BITMAIN IS "THE" DOMINATING MANUFACTURER... among other reasons.  You STILL don't get it...  Just forget it...   You're not seeing it cause you do not WANT to see it.  You only want to judge and condemn.

[dmwardjr]

I gave SEVERAL reasons in SEVERAL posts a few pages back as to WHY NOT BITMAIN and WHY BITMAIN IS A PLAGUE TO THE INDUSTRY.

That post you quoted also gives some of those reasons. It's NOT just one reason, dude.  It's a CULMINATION of reasons.

[shaninium]

It will be sweet when they decide forking is a losing battle.

Another "NEW" account shilling.  Having fun, BITMAIN?  I suspect not....

Can anyone pls comment on official ZEN statement on ASICs and changing algo to ASICs resistant, but in a short quick way.
whats the TLDR version?

Thanks.

Potential Equihash Algorithm Change Preparation

Modifying ZenCash to use Equihash-144-5 is doable, and the software development team has started identifying the specific work that would need to be done in order to create and test this change. It would be a Hard Fork change, and for optimal success of the Hard Fork, it would be best to implement such a proposed change as quickly as reasonably possible before too many ASIC miners take over the hashrate of ZenCash.

https://blog.zencash.com/zencash-statement-on-potential-equihash-algorithm-change/?utm_source=blog&utm_medium=social&utm_content=mining&utm_campaign=re+bitmain

GPUs are WAY more available to get then ASICs. To say GPUs are currently hard to get is incorrect. Sure there was a month or 2 when they were overpriced, that was due to the high demand when they had a ROI of 90 days.

Even then you could still buy a smaller graphics card, they were not ALL sold out. The 1070/1080 TIs were the hard ones to get, other models were more available.

What advantage would we have if everyone moved to ASICs? It would just raise the current bar for everyone, reduce us to one supplier of hardware, and starts a arms race. Atleast with GPUs we are all on a level playing field without having to worry someone will have a GPU that does x100 the hashrate for 1/10th the power. All the hardware is relatively close to each other in terms of performance, keeping the difficulty from ramping up x10-x100.

ASICs dont save power, they dont make the network more secure, they are limited in availability, only have 3 to 6 month warrantys, run loud and hot, manufacturers keep a large number of the them for themselves and keep secret other rigs that are far better then sell them as new later while replacing them with new hardware, etc...

This is suppose to be a ASIC resistant coin, why dont you ASIC people go mine other ASIC coins available. Ohhhh ya thats right, you cant make your money back off them ASIC coins anymore because of the difficulty have ramped up so much. So you want to come and ruin Zcash’s difficulty with ASICs to make a quick buck and act like its the future of mining.  I'm HERE to tell you, that QUICK buck is an ILLUSION.

Most who KNOW me, know I've been in the space for a while and have had a LOT of experience with BITMAIN.  My LAST round of ASIC's I bought from them was 42 x Bitmain S7's in late 2015.  All of which I sold in February 2016 and never looked back.  I USED to be the one to DEFEND them when they were attacked by others and I believe many KNOW this.  THEN I TOOK THE RED PILL AND WOKE UP in February, 2016!!!  I did a LOT of research and weighing pros and cons of GPU versus ASIC.  ASIC would be fine "IF" {and it's a big if} the manufacturing of ASIC's were not CENTRALIZED, if governments did not pose a risk of banning ASIC's when they are shipped into their country, [GPU's are not so easily banned; as they have multiple purposes], and manufacturers pulling shenanigans in regards to better hardware while selling the scraps to unwary greedy driven miners trying to make a buck while being oblivious to the true "end" of what Bitmain works towards.  Which is lining their own pockets at the expense of unwary individuals who are being seriously taken advantage of.

This is all about above, just because someones a low poster or a newbie doesnt automatically make them a shriller, forking is futile.

[shaninium]

And calling us pathetic..

[dmwardjr]

This is all about above, just because someones a low poster or a newbie doesnt automatically make them a shriller, forking is futile.

All you're doing now is searching through my posts for ANY EXCUSE to find fault with me to TRY to justify a means and/or reason to continue in your own insanity fostered by your own greed and BITMAIN's ILLUSION.  Plain and simple.

[dmwardjr]

And calling us pathetic..

If you want to be "pathetic" then so be it.  If it makes you FEEL better for someone to pamper you, hold you and be gentle with you, you've come to the wrong place, dude.

[shaninium]

This is all about above, just because someones a low poster or a newbie doesnt automatically make them a shriller, forking is futile.

All you're doing now is searching through my posts for ANY EXCUSE to find fault with me to TRY to justify a means and/or reason to continue in your own insanity fostered by your own greed and BITMAIN's ILLUSION.  Plain and simple.

You started it

[dmwardjr]

This is all about above, just because someones a low poster or a newbie doesnt automatically make them a shriller, forking is futile.

All you're doing now is searching through my posts for ANY EXCUSE to find fault with me to TRY to justify a means and/or reason to continue in your own insanity fostered by your own greed and BITMAIN's ILLUSION.  Plain and simple.

You started it

IF that's what you think, then I'll finish it.

IGNORED>>>

I'm NOT going to get involved in another shouting match.

[Apocalypse Onion]

bitmain has screwed with your potential future profits, so how are you going to deal with that? Complaining only gets you so far. Its just capitalism comrade.

Capitalism versus community. Wouldn't normally count for much except many of these coins claim to be community coins. Now it's time to hold dev teams to the promises they made when they wrote "asic resistant".

Bitmain has the money and the hashrate, but the community provides credibility. Take that away and the coin fails. Doesn't matter how many asics secure the network if nobody believes in the coin.

Delenda est Zcash.

[dmwardjr]

bitmain has screwed with your potential future profits, so how are you going to deal with that? Complaining only gets you so far. Its just capitalism comrade.

Capitalism versus community. Wouldn't normally count for much except many of these coins claim to be community coins. Now it's time to hold dev teams to the promises they made when they wrote "asic resistant".

Bitmain has the money and the hashrate, but the community provides credibility. Take that away and the coin fails. Doesn't matter how many asics secure the network if nobody believes in the coin.

Delenda est Zcash.

SPOKEN LIKE A CHAMP!!!

THANKS FOR THE EXCELLENT QUOTE AND IT EARNS YOU +1 MERIT FROM ME.