Topic: Deception & Misdirection by ZEC co. Forking ASIC Resistance Bitmain Antminer Z9 - page 2. (Read 4639 times)

Neither you need to invest $15k to mine using asic. There are cheaper too which cost same as a 1050ti. Those FPGA companies won't tell you personally that they started mining with the boards that they are selling you. If you support FPGA, you support ASICs.

X3 owners are still making over $20/day.

Batch 1 owners are very happy.

I am really happy for You, if You are "making millions" with Your S9s. Good for You. Income for one S9i (14THs), today, after power consumption deduction is less than 3 USD. To making millions with this profitabiltiy You has to have over 10000 miners. In such situation You will not have time to write here.

The logic of Bitmain is simple. They are making "Money machine". Think, if You can produce a "money machine" would You sell it to everyone or use it exclusively for Yourself? If You need a fresh money for future investments, You will easily found the investors who will invest in such project of "money machine".
There is no sense to sell "money machine" until You see "dark clouds on horizon". That is the time when Bitmain start selling of old units and start overproduction to make income again, and destroy the algo profitability. They did it with D3, L3, X3.

Fortunately, more and more buyers recognize that business model, and realize that they will never return investment...
For example, X3 for Cryptonight coins, Bitmain and "company" mined in secret since December, and totaly destroy the profitability. They announce the miner after they "smell" the first ASIC resistant fork. Interesting is that 4 producers announce the Cryptonight miner almost the same day.
Community resists, and almost all coins forked to ASIC resistant algos variant. ETN, the last "big" CN coin, will fork next week, and the ROI will be very, very long for X3.
Probably We will see the same situation with Z9.

I MAKE MILIONS LISTEN TO ME GUYS I AM VERY SMART.

Flawed you say?  Explain the below to me.

The difference is I can still mine with a $100 or $1k GPU and still have 1/150 th hashrate of the person who holds $15k worth of GPUs. Same doesn't hold for ASICs, if all they have in market is $15k ASIC.

I am not supporting a $6k FPGA, I support the idea of FPGA mining.  There are two major FPGA mfg and lots of solution providers with custom FPGA boards.
There are also $1k FPGAs and $300 FPGAs being discussed in that thread.

Flawded argument, with GPUs you don't have to invest $15K to be able to mine something. As far as I know no FPGA manufacturer compete with its customers.

Flawed argument. If a coin is only gpu mineable, then you can say same thing that not many can afford $15000 worth gpus. You get what you pay. You pay more you get more. It's simple math. I am gpu mining supporter but that doesn't mean I will support your flawed arguments but I will support any comment (even pro-asic) if it is rational and objective. Seriously some you guys are like religious nuts.
Also FPGAs will share the same fate as ASICs. They are also controlled by only a few corps. supplies are very limited, no retail availabilty and currently no hope for people living out of US/EURO region. Underground mining has been going on for more then year meanwhile still consumer availability of bitstreams is still uncertain. You are complaing about a $15000 ASIC but praising a $6000 FPGA.

i doubt ZEC will fork. They have so many altcoins and forks that is built on their algorithm and technology. If ZEC forks and the altcoins want to keep their tech, they also need to fork. Its so much god damn work, and in their eyes they think ASICs are decentralized.

It's not about ASIC adoption.  It's about giving power, control to one giant.  I also support FPGA mining.
The issue is with the coin that took a stance on ASIC resistance and deviating from it.

There is also a $15k ASIC with 40k sols.  How many can afford it?  Now imagine in future that's the only one that's available.  Who would be able to afford those?

Profiting is the first priority for everyone but let's not give away the control to some corp.  Even GPU mining can lead to centralization but the likelihood of that happening is much lower than with ASICs.

I can tell you my s9s are still making millions. You and your lil shit GPU farm are nothing, yet you act like you are so great and your shit dont stink. My farm makes more in a week than you have in your entire career with crypto so stop talking like you are something special. You are just another deluded idiot that cant even offer a legit argument to support your wild ass claims.

You are so far up your own ass you cant look at anything objectively and your only response is to just call everyone Bitmain shills or insult their english skills. You are truly a toxic piece of shit, people like you are nothing but poison to the crypto community. There are 15 pages of people pointing out flaws in your arguments and you have done NOTHING to prove anything you say is true.

To rational people, it seems like GPU-only owners unwilling to adapt are the ones requesting and performing the manipulation.

Very bad anti-asic comment.

seems like it. 

FPGA are the opposite of purpose built devices.

ASICs, due to their price, noise and power requirements are against decentralisation, decentralisation means almost anyone with a computer can mine.

Bitmain's 50 cent army trying to manipulate public opinion by using this forum.

why go through all that trouble when theres something already purpose built for the task, ie FPGA ASIC.

Nope, it's just that GPUs are not exploited to their full potential by the blockchain devs. a POW "GPU specific" blockchain could be developped, and no FPGA or ASIC would compete with.

With or without a PoW change, there will be more than enough miners.  Why risk a fork to appease GPU owners that only care about protecting their ROI?

If the PoW is changed, then more people and miners will support it.

ZenCash

 
@RolfVersluis
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Replying to @640kilobyte @zencashofficial
95% of my miners are Bitmain ASIC miners.

4:02 AM - 10 May 2018

Go on, go to zencash, my z9s will be waiting there too.