Topic: Bitmain launches the Z9 Equihash miner - page 82. (Read 37184 times)

Was always wondering why  nvidia didnt make their own coin/algo where they can shine instead wasting millions of dollars on "for gamers" marketing,last quartal report they said that mining made them way more money then they expected

^
facts , gpus brought back profitablity and INTREST in cryptos again when Asics for scrypt and sha256 we’re destroying it

now these greedy lemmings want to jump on the asic train and destroy profitablity and general interest and any semblance of decentralization ??

fuck that im selling all my asics and bitmain will never see another red cent from me

It's fairly certain that Bitmain has been mining XMR with it's own asics for quite some time seeing as so much hash rate dropped off as soon as they switched algorithms.  It is only after they announced that they are going to sell the miner to the public that XMR and all the other cn coins decided that they would fork to switch algos.  I assume that they mined for a few months raking in the profits as much as they could.  Everybody talks about forking to stop the Bitmain insanity but the truth is we don't know how many asics they have in their hands already mining different algos and what they have in development.  I don't think forking a coin after Bitmain announces the asic is really doing much to stop them.  They will simply make their miners and just mine on their own quietly and reap in all the profits.  I'm too lazy to do the math but I'm wondering how much Bitmain could have made if they didn't offer the X3 for sale to the public.  I'm guessing in a short amount of time they would've made more than what they're selling them for.  I'm not sure if Bitmain announced theirs first or if Dragon Mint announced theirs first.  Most of us here believe that they mine with new asics first before selling to the public.  I think once word and rumors start to spread about what asics each company has starts to leak out then they announce the sales to the public which now creates the urge for people to fork and change the algo but the fact of the matter is that the asic companies probably already had more than 33% of the hash rate. 

speaking of warranties... i just decommissioned my r9 280x dual-x and replace them with 1080ti...they are mining since 2013 and i got tired of waiting for them to die  

about 400,000,000 million gpus  can mine coins at a profit

even if ½ are on big farms and ¼ are on small farm  that means at least 100 million pcs across the world can mine at a profit. and at least 50 companies sell pcs or gpus with 1 year to 3 year warranties
that is decentralized .

1 asic seller or 1 asic sellers  selling gear designed to break in under a year is not decentralized.  and if ½ go to big guys ¼ to smaller guys and ¼ go to little people with 1 or 2 asics you simply kill off customer base.



It is easy to justify buying a pc  for 2k that earns 2 bucks a day while you sleep.  no gpu mining you buy a shit pc  for 500 or less.

Asics did not make 2017  the best year in mining profits gpus did.

 I sold off some more gpus.

 Still have 18 1080tis left  I did buy a lot of LTC3+  I will not buy any asic on a coin being attacked. such as z9

I rathe use btc asic or ltc asic gear.

If I believe in a coin such as zcash I would buy some coins .

I think people are living a fantasy if they think any of this is decentralized.  If it runs on GPU's the big money has access to GPU's and puts up massive farms.  If there are ASIC's the big money orders massive numbers of ASIC's and puts up massive farms.  Big money is going to control the networks with the current POW or even POS coins. 

That is why I find it interesting that some people are starting to think outside the box about the topic of decentralization, and not about the tools of the trade.  Overall that is a positive thing and it will be interesting to see what the brain trust in the community comes up with. 

Exactly! All NVIDIA and AMD cards built for rendering video/3d/etc procedures... yes they can run math/algo stuff but not build for that. ASIC is a calculator built with specific requirements and way more energy efficient...

I'm not trued to defense ASIC, as I'm currently using GPU's in all my rig's, but as far as I see from electricity usage - ASIC is way more efficient.


About centralization issue:
ZEC - more than anything at this moment centralized on Flypool.org, around 40-45% miners are mining there... Miners are go where they have more profit/luck/etc... Not speaking about other cryptos, only about ZEC.

Because ASIC miners are specifically optimized to do one very specific thing very very well, while graphic cards are designed to handle a much wider workload of varying types and CAN'T be as well optimized with zero "wasted" circuitry for mining with them.

It's like asking MACK to make their truck compete with Formula One race cars while still being able to handle large loads and last for millions of miles across many years to decades.

And welcome centralization (or people don't care about this? it's not just about profits it's about who's controlling your crypto )


GPUs can never be powerful as ASICs.  If that was the case there would've been no ASICs in the first place.

In this case this not an ASICs issues... this is a question to NVIDIA and AMD on why they GPUs are not powerful enough to bit small ASIC's manufactures (sounds like a joke, but have small piece of truth as well).

Correct, we moved away from GPU mining on the BTC network because of the progression and growth of the network. Same thing with the LTC network. As the crypto ecosystem grows there are more and more alt projects to support. If you think about it, if it wasn't for ASICs pushing new development of alt networks, you may not have had as many exciting alt projects to support.

You have to look at things from a holistic view. Yes, I agree you should have GPU only networks, but I disagree forking every network away from ASICs is right either. At some point the ASIC is needed to push things to the next level.

we've not moved away from Bitcoin mining by choice.  If we could, we would still mine bitcoin and that's the bottomline.

Totally agree here.

ASIC is a just another generation (or evolution) of mining after GPU did a foundation for networks.  And yes, I'm GPU miner but network can't grow fast enough with just GPUs power.
I will move my ~30 GPU's to another coins once ASIC will be delivered.

Bitcoin is a best example how everyone was expose to move to new directions with new algo's to go to evolution over and over again, with new ideas and big knowledge base from previous experienced.

I don't know why everyone gets their knickers in a knot over ASICs. BTC wouldn't be as big as it is if it wasn't for ASICs. I've been mining for 4-5 years and this sky is falling shriek seems to come around every year or so. There have always been new projects and coins to mine with CPU, GPU and ASIC miners.

Personally I have GPU and ASIC miners and have no issue with either. For me a see the ASIC as an inevitable progression. My only issue with a lot of the ASIC miners is the inability to undervolt and or underclock them. (remember to support sidehack)

I did buy a Z9 and was happy to do so because my other 6000Sol/s of GPU miners can be used to mine other coins without blowing my breaker box out the wall, meaning I can support more projects I believe in.

 

15KW is an awful lot of heat. For comparison, my electric heating system runs around 7KW. for like 7-10 minutes/hour. To heat a two bedroom house. So unless your apartment is massive, maybe go with 2-3 and see if you need more?

Hmmm I dont think they saw this coming either. I didnt buy  but if possible, perhaps bitmain can deliver it faster to buyers. This might help in case it forks.

lol. Its funny watching people choose to push something they didnt read. I'll be laughing all the way to the bank. 

I'm sure that if I bought 50, that may be enough to heat my apartment. Unfortunately, I don't think my flat is wired for that kind of load.  

None of them actually read the statement. I've had to point it out to a ton of people I know.

I bought the Z9 and I hope they fork. I love GPU mining. I'd rather asics just not exist.

But I can read!!! The foundation does not control zcash.

Another thing to consider is that initial batch buyers may get the Asics before they fork away but it's all speculation as what is going to really happen at this point

Zcash Classic Classic? Anyone? Anyone? Bueller?

lol

I bought one of these but I knew it was a risk when buying it. Just like the SIA miners I've purchased.