Ethereum Conference Call Today, Chances of Anti ASIC being approved

[whitesites]

They have several EIP they are considering today.  What are the chances of the Anti ASIC one being approved?
Maybe that would help encourage other coins to do the same.

[melpheos]

They have several EIP they are considering today.  What are the chances of the Anti ASIC one being approved?
Maybe that would help encourage other coins to do the same.

Right now, I dont think ASIC are a very big threat against ethash network. They are as efficient as graphic cards. Their only benefit is cost (definitely less costly than a full rig for the same hashrate)
The major issue with ASIC is efficiency. If they are slighty more efficient that GPU, they are not an issue for a network.

[badbart]

Not sure if anything good will come of this.  ASICs seem to be a non issues barely more efficient and slightly less costly then gpus.  If they raise the difficulty it will drive hashing power elsewhere lower profits for everything.

[whitesites]

True 1 ASIC miner for $1600 hashes just a little slower than 4 x 1080 Ti, which even using used parts would cost you at least $2500 to build.  The problem is mining farms that can negotiate volume pricing, and then launch thousands of these. 

[badbart]

True 1 ASIC miner for $1600 hashes just a little slower than 4 x 1080 Ti, which even using used parts would cost you at least $2500 to build.  The problem is mining farms that can negotiate volume pricing, and then launch thousands of these.  

When I was building ether  only rigs I'd buy 470s and you can put together a 180mhz rig  as cheap or vless then a e3.  I'm seeing 470s for $100 - $150 on ebay that is a cheap ether rig.

[deadsix]

EPIE 1234 was brought up a few times. Essentially what we need can be summed in three bullet points :

1) Shift to ProgPOW to disable ASIC - both the existing ones and the ones to come soon ( 450mh/s and higher )
2) Delaying the Difficulty bomb by a year and a half to give enough time for Casper (hoping THIS TIME itll be ready)
3) Reducing block reward to 2 to counter inflation and Uncles - if done along-with step 1 and 2 it will not impact mining profitability.

They have agreed to meet again soon as no finality was reached in today's discussion.

[badbart]

EPIE 1234 was brought up a few times. Essentially what we need can be summed in three bullet points :

1) Shift to ProgPOW to disable ASIC - both the existing ones and the ones to come soon ( 450mh/s and higher )
2) Delaying the Difficulty bomb by a year and a half to give enough time for Casper (hoping THIS TIME itll be ready)
3) Reducing block reward to 2 to counter inflation and Uncles - if done along-with step 1 and 2 it will not impact mining profitability.

They have agreed to meet again soon as no finality was reached in today's discussion.

Great info thanks looks like all good news.  I wounder how much of the hash rate is ASICs.  Better point my two ASICs to eth classic lol.

[Marvell2]

Somone throw up a poll

q1 Reduce eth issuance per block only
q2 Reduce eth iasuance per block AND impement an anti ASIC fork
q3 leave things as the  now

[yuzuak]

For gpu miners and for investors
the best option
q2 Reduce eth iasuance per block AND impement an anti ASIC fork

[kopija]

Investors are blaming the miners for drop in price and THEY will ultimately decide.
https://www.coindesk.com/a-phone-call-could-impact-ethereums-future-and-its-happening-today/

Two proposals on the agenda for Friday's meeting seek to reduce issuance — something some ether holders believe is too high. (Currently, the inflation rate is fixed at 3 ETH per block — down from 5 ETH since last October.)

While there's a host of ethereum investors who have yet to publicly comment on the matter, several investors have taken to social media to call for a reduction in ethereum issuance, contending that the current inflation rate is an unnecessarily high tax on the holders of the cryptocurrency.

For example, some are pointing to a quote attributed to the creator of ethereum Vitalik Buterin in 2017 that states: "In the foreseeable future, the supply will not go far above 100 million," a figure which as now been surpassed.

Others are going so far as to blame the inflation rate as the reason for ether's market value decline, which hit a 2018 low of less than $300 earlier this month.

Expect block reward to be reduced to 1 ETH.