I think we should not forget that IF one day some Entity or Government tries to stop Crypto because it has gotten out of control, than it would be SO easy to track ASIC farms , Networks (aka Crypto's) would get rekt. We should continue striving for GPU's to do our voting so there will always be people all over the globe securing the network!
This is one of the main reasons why most of us joined Crypto in the first place. Decentralized remember guys?
Topic: Developers finally actively discussing and testing ProgPow - page 2. (Read 637 times)
ProgPow algo is new and based on my experience using this algo its fine with Nvidia cards.
Ethereum right now is going to 3rd rank crypto in CMC which I think it would be hard for ethereum to recover this position unless if they become a ASIC resistant but like the other said it's impossible to happen.
Ethereum right now is going to 3rd rank crypto in CMC which I think it would be hard for ethereum to recover this position unless if they become a ASIC resistant but like the other said it's impossible to happen.
Are we finally seeing some interest towards ProgPow? One of the main developers of ProgPow has been invited to the Ethereum Core Devs meeting 47 (Friday 28 Sept 2018).
Lets all fight for the best outcome!
Facts:
Lets all fight for the best outcome!
Facts:
- Ethereum mining profitability has never been as low as it is now 0.015/0.018 usd/day per 1 mhash. (https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#log)
- Ethereum difficulty has risen this year to extreme highs (as seen with ASICS on networks such as xmr/dash/zcash)
- POS implementation will take at least one more year. Securing the network right now with POS is just not safe. POW is the better option for the foreseen future. So don't use this as an argument against making the network ASIC resistant.
- Most of the loyal Ethereum miners are being hit the hardest. Turning their rigs to XMR or even off.
- ASICS are not better for securing a network compared to GPU. People think an argument against GPU's is that they use more power and ASICS are more efficient. But this argument is invalid. Miners will continue to expand untill they are at their peak power. Whatever the machine. Total Ethereum network power stays the same.
- A huge part of the Ethereum (mining) community is asking for this hardfork. Only the initial investors (mostly not miners) are being able to vote on this issue? Yes you invested initially in Ethereum, congrats, we are here now supporting the network 24/7. Please, Listen to us.
Your "facts" are completely full of contradictions. You say that difficulty has risen to extreme highs yet then say loyal Ethereum miners are being hit the hardest and leaving. How can hashrate be shooting up yet everyone is leaving? You also gloss over the drop in profitability. The loss of profitability isn't because of the algo; Its not hard to see that hashrate has doubled since this time last year, and the value has been cut in half. Not to mention block rewards decreasing. I have yet to see any proof of these ASICs. There is the Bitmain E3 that is slightly cheaper than 3 1080tis and has slightly better power consumption, hardly a game changer. People who think changing the algo on Ethereum will be a silver bullet are sadly mistaken. It won't make the hashrate drop and it won't increase the price.
The difficulty has risen to extremes, the network was doubled in just 2 months (see: december-february https://etherscan.io/chart/difficulty)
Loyal (small) ethereum miners are being hit the hardest, and leaving. You only can't see that directly because you dont know what machines are comming online at the same time.
The loss also ofcourse has to do with the pricing!
Pleas remember this. Back when the (XMR) Monero developers forked their coin for comming asics, they hashrate dropped by 60% and stayed there. (https://bitinfocharts.com/comparison/monero-difficulty.html)
The fact is, you don't exactly know how many ASICs are mining on Ethereum now. But that is another discussion. Fix it before it is too late.
But we agree on the price. ProgPow wouldn't affect the price of Ethereum.
Are we finally seeing some interest towards ProgPow? One of the main developers of ProgPow has been invited to the Ethereum Core Devs meeting 47 (Friday 28 Sept 2018).
Lets all fight for the best outcome!
Facts:
Lets all fight for the best outcome!
Facts:
- Ethereum mining profitability has never been as low as it is now 0.015/0.018 usd/day per 1 mhash. (https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#log)
- Ethereum difficulty has risen this year to extreme highs (as seen with ASICS on networks such as xmr/dash/zcash)
- POS implementation will take at least one more year. Securing the network right now with POS is just not safe. POW is the better option for the foreseen future. So don't use this as an argument against making the network ASIC resistant.
- Most of the loyal Ethereum miners are being hit the hardest. Turning their rigs to XMR or even off.
- ASICS are not better for securing a network compared to GPU. People think an argument against GPU's is that they use more power and ASICS are more efficient. But this argument is invalid. Miners will continue to expand untill they are at their peak power. Whatever the machine. Total Ethereum network power stays the same.
- A huge part of the Ethereum (mining) community is asking for this hardfork. Only the initial investors (mostly not miners) are being able to vote on this issue? Yes you invested initially in Ethereum, congrats, we are here now supporting the network 24/7. Please, Listen to us.
Your "facts" are completely full of contradictions. You say that difficulty has risen to extreme highs yet then say loyal Ethereum miners are being hit the hardest and leaving. How can hashrate be shooting up yet everyone is leaving? You also gloss over the drop in profitability. The loss of profitability isn't because of the algo; Its not hard to see that hashrate has doubled since this time last year, and the value has been cut in half. Not to mention block rewards decreasing. I have yet to see any proof of these ASICs. There is the Bitmain E3 that is slightly cheaper than 3 1080tis and has slightly better power consumption, hardly a game changer. People who think changing the algo on Ethereum will be a silver bullet are sadly mistaken. It won't make the hashrate drop and it won't increase the price.
ProgPow seems to be pretty power hungry. Have tried it on BCI.
Not really more than ETASH for the little I tried
ProgPow seems to be pretty power hungry. Have tried it on BCI.
We have the time untill october 30th, I don't see why this should be impossible to implement. The dev's also know this.
Too late now, last ETH dev meeting no one seemed to care about any change. They'll find out when they're "Secure" network drops insanely and starts suffering 51% attacks, exchanges are not going to be happy.
Are we finally seeing some interest towards ProgPow? One of the main developers of ProgPow has been invited to the Ethereum Core Devs meeting 47 (Friday 28 Sept 2018).
Lets all fight for the best outcome!
Facts:
https://github.com/ethereum/go-ethereum/pull/17731
https://github.com/ethereum/pm/issues/58
https://www.reddit.com/r/EtherMining/comments/9jcehr/developers_finally_actively_discussing_and/
Lets all fight for the best outcome!
Facts:
- Ethereum mining profitability has never been as low as it is now 0.015/0.018 usd/day per 1 mhash. (https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#log)
- Ethereum difficulty has risen this year to extreme highs (as seen with ASICS on networks such as xmr/dash/zcash)
- POS implementation will take at least one more year. Securing the network right now with POS is just not safe. POW is the better option for the foreseen future. So don't use this as an argument against making the network ASIC resistant.
- Most of the loyal Ethereum miners are being hit the hardest. Turning their rigs to XMR or even off.
- ASICS are not better for securing a network compared to GPU. People think an argument against GPU's is that they use more power and ASICS are more efficient. But this argument is invalid. Miners will continue to expand untill they are at their peak power. Whatever the machine. Total Ethereum network power stays the same.
- A huge part of the Ethereum (mining) community is asking for this hardfork. Only the initial investors (mostly not miners) are being able to vote on this issue? Yes you invested initially in Ethereum, congrats, we are here now supporting the network 24/7. Please, Listen to us.
https://github.com/ethereum/go-ethereum/pull/17731
https://github.com/ethereum/pm/issues/58
https://www.reddit.com/r/EtherMining/comments/9jcehr/developers_finally_actively_discussing_and/
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