greenfailure
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May 16, 2018, 05:29:37 PM |
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Its not ever going to 'die' - just other solutions will continue to dilute the % of block rewards that are going to be taken home by GPU miners.
When they say 'die' just referring to continued downtrend in terms of btc profit vs. electricity cost.
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Owner/Operator of LARGEST Greater Toronto Area mining operation.
BUY BITCOIN
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Midcrypto (OP)
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May 16, 2018, 05:34:11 PM |
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Added Bitcore & Nexus.
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oup59
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May 16, 2018, 06:33:16 PM |
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Useful topic. May the tech let the GPU mining live long.
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mineoneone
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May 16, 2018, 06:41:00 PM |
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Been happily mining RVN and BTCP for a while now. Both are heavily FUD'd on social media by the larger coins they threaten but both have active groups of driven developers with a clear vision for their respective coins.
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Max Likelihood
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May 17, 2018, 01:16:16 AM |
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Keep an eye on ProgPOW now. Even if it's not adopted by the top dogs it's emblematic of real ingenuity and commitment to decentralization that is not going to go away.
Don't forget fog computing type stuff on the horizon for CUDAs even if ASICs took over mining.
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kkyy55
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May 17, 2018, 02:38:05 PM |
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Keep an eye on ProgPOW now. Even if it's not adopted by the top dogs it's emblematic of real ingenuity and commitment to decentralization that is not going to go away.
Don't forget fog computing type stuff on the horizon for CUDAs even if ASICs took over mining.
Good observation, additional ASIC resistance measures are very beneficial for the future of decentralization. The ProgPOW is a good additional step towards this, but how will it effect the current hash rates and efficiency of GPU miners on the network?
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MiningHelp.me
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May 17, 2018, 04:18:15 PM |
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in GPUs we trust ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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cashclash
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May 17, 2018, 04:34:36 PM |
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wasn't VTC the first coin that announced ASIC Resistance and why isn't it on the list?
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gameboy366
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May 17, 2018, 05:07:16 PM |
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I really can't believe that luxCoin devs said that they try to remain FPGA resistant! That's awesome, respect for LuxCoin. LuxCoin devs are serious, i will visit their post soon. Bitcoin gold & private have an ASIC. Monero's slightly changed algo is already being mined by FPGA.
Bitcoin Gold and private will fork soon. At current rate, FPGAs won't increase difficulty of Monero for gpu miners anytime soon. Also I do want to pay my respect to Ethash which was really the hardest algo to make a ASIC for. Ethash bought power to GPU mining, can't really talk trash about it even if the ASIC has been developed. 'Soon'... Well let's add them to the List of GPU only Champions when they have forked perhaps? And I wouldn't go so far as to say FPGA's won't increase the difficulty of Monero, they are already increasing the difficulty of Monero... But you don't need to take my word for it, you can be surprised all over again when the hashrate drops over 50% next fork and bounces back in a matter of weeks due to quick adoptation of FPGA & ASIC. ASIC development cycle is getting shorter and shorter and FPGA/ASIC hybrids will be the doom of GPU mining. Good riddance as it's a waste of energy to use GPU for such purpose, the main reason people want to keep GPU mining alive is because of greed as they would see their hardware become obsolete. And I'm saying that as a GPU miner. You are looking at only one side of the story. These ASICs are necessary as they will lead to further advance in ASIC resistance algos. This is how capitalism works. It is an endless competition that leads to progress in science and technology. If more powerful ASICs are coming, then more powerful ASIC resistant Algos will come. Just like when powerful missile arrived, tank's amour also started getting thick. None of that has stopped to this day. More and more powerful missiles comes with more and more powerful tank armour. Also FPGA resistant algos can be made.
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madnessteat
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May 17, 2018, 07:33:31 PM |
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I really want to see ZEC in this list. And it is not good to get if you do not change the algorithm and ZEC will be produced ASICs. I support them for a long time. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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blockchange88
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ethereum is a fork of ethereum classic.
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May 17, 2018, 07:35:11 PM |
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wasn't VTC the first coin that announced ASIC Resistance and why isn't it on the list?
youre right. however, im quite sure there is a lyra asic out there that just hasnt hit the market yet. keep your eyes peeled.
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Midcrypto (OP)
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May 17, 2018, 09:02:03 PM |
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wasn't VTC the first coin that announced ASIC Resistance and why isn't it on the list?
You're right, added Vertcoin to the list!
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gameboy366
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May 17, 2018, 09:13:06 PM |
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Vertcoin should be added. Even though, lyra ASICs have probably developed but still it doesn't matter, what matters os the stance of devs towards keeping the coin ASIC resistant and I think once the lyra ASIC becomes officially confirmed Vertcoin devs will do the required modification to keep it ASIC resistant.
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Midcrypto (OP)
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May 17, 2018, 09:20:49 PM |
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Vertcoin should be added. Even though, lyra ASICs have probably developed but still it doesn't matter, what matters os the stance of devs towards keeping the coin ASIC resistant and I think once the lyra ASIC becomes officially confirmed Vertcoin devs will do the required modification to keep it ASIC resistant.
The very first thing on Vertcoin's site says "ASIC Resistant Decentralization" which is exactly the stance needed. https://vertcoin.org
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buzzkillb
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May 18, 2018, 12:42:45 AM |
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DNR - Tribus Algo
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Bit_Bull82
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May 18, 2018, 12:48:38 AM |
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I completely agree with you, but I believe the nature of ASIC cpus ( Which are in any dedicated device such as a Firewall) will eventually take over all hardware. Have you read this? Some hard as truth here, I don't like what it means, but there is a lot of truth. https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b
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gameboy366
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May 18, 2018, 03:54:49 AM |
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This is where you are all wrong. Here, let me explain : ASIC advancement is necessary for ASIC resistant algos as that is what provides the motivation for developing more powerful ASIC resistant Algos. You guys think that we need one single ASIC resistant algo that will remain resistant to ASICs forever but that's not how tech works. Did they ever created an Antivirus that will stop the viruses in the world that will be made in the future ? No, that's why they keep bringing new version and models every year. When big missiles came tank's armour also started to get thicker. This hasn't stopped to this day. More powerful missile comes with more powerful tank armour. But they never come at the same time. Either powerful missile comes first or the more powerful tank armour. Similarly now we have many powerful ASICs which will be followed by more powerful ASIC resisitant algos.
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Bit_Bull82
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May 18, 2018, 06:30:20 AM |
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This is where you are all wrong. Here, let me explain : ASIC advancement is necessary for ASIC resistant algos as that is what provides the motivation for developing more powerful ASIC resistant Algos. You guys think that we need one single ASIC resistant algo that will remain resistant to ASICs forever but that's not how tech works. Did they ever created an Antivirus that will stop the viruses in the world that will be made in the future ? No, that's why they keep bringing new version and models every year. When big missiles came tank's armour also started to get thicker. This hasn't stopped to this day. More powerful missile comes with more powerful tank armour. But they never come at the same time. Either powerful missile comes first or the more powerful tank armour. Similarly now we have many powerful ASICs which will be followed by more powerful ASIC resisitant algos. The nature of Asic chips is to be flexible, dedicated and powerful. I think ASIC will kill GPU mining in any big cap coin. But I also think ASIC will be more available and amateur or home mining will be ASIC instead off GPU the same way now its GPU instead of CPU. Times move and I doubt ASIC will go anywhere. maybe instead of Devs wasting time in fighting ASIC they could use their time to produce ASIC faster and make it mainstream. The end goal would be even better, decentralization on ASIC chips.
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ikicha
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May 18, 2018, 06:59:35 AM |
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FPGA and ASIC must gone.. They are distribute centralized hashing power, and i am very hate ASIC manufacturer.
GPU mining always alive and make decentralized again !
- Haven - Stellite - Solacecoin - Triton - MoneroV - Many more
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gameboy366
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May 18, 2018, 10:21:15 AM |
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This is where you are all wrong. Here, let me explain : ASIC advancement is necessary for ASIC resistant algos as that is what provides the motivation for developing more powerful ASIC resistant Algos. You guys think that we need one single ASIC resistant algo that will remain resistant to ASICs forever but that's not how tech works. Did they ever created an Antivirus that will stop the viruses in the world that will be made in the future ? No, that's why they keep bringing new version and models every year. When big missiles came tank's armour also started to get thicker. This hasn't stopped to this day. More powerful missile comes with more powerful tank armour. But they never come at the same time. Either powerful missile comes first or the more powerful tank armour. Similarly now we have many powerful ASICs which will be followed by more powerful ASIC resisitant algos. The nature of Asic chips is to be flexible, dedicated and powerful. I think ASIC will kill GPU mining in any big cap coin. But I also think ASIC will be more available and amateur or home mining will be ASIC instead off GPU the same way now its GPU instead of CPU. Times move and I doubt ASIC will go anywhere. maybe instead of Devs wasting time in fighting ASIC they could use their time to produce ASIC faster and make it mainstream. The end goal would be even better, decentralization on ASIC chips. How are ASICs flexible when they are only made to mine a single algo ? You sound like Bitmain's 50 cent army. How ASICs are decentralised when only a single company produces it and mine with it for a year before releasing them to public ? Why will a for-profit company sell a money making machine ? They only sell them when there is more profit in selling them then mining with them. Neither are ASICs widely available compared to GPUs. Many Asian countries have banned ASICs unofficially. But they can't ban GPUs. Most of the coins will switch to ASIC resistant algos in futures and it will be the trend.
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