I have GPU to mine. At the moment it is better to mine the Ethereum so this ASIC does not affect me. But Ethereum mining will end within a year.
Why?ethereum will be pos in one year
How is that statement now? ETH=$20
Topic: don't use X11,it can be mined by Scrypt ASIC or fpga (Read 37321 times)
ethereum will be pos in one year
How is that statement now? ETH=$20
any of the loud mouths wanna apologize to "I am China miner" or did i miss it? rofl algo proof, no its proof, it cant be, its deigned for one thing, no one will make it cause of costs, oh man. the plague that ruins these communities wit the loud mouth know it alls that team up like 6th grade lunchrooms.love finding these gems.
You can go there to see the features:
http://cryptomining-blog.com/7627-what-features-are-missing-from-the-ibelink-dm384m-x11-asic-miner/
http://cryptomining-blog.com/7627-what-features-are-missing-from-the-ibelink-dm384m-x11-asic-miner/
Any further news about the X11 ASIC?
So from now on, the bitcoin ASIC mining will not be compete with the technologies, but with the cheap electricity.
That's been a major factor for YEARS now. Why do you think most "big farms" have been located in low-cost electric areas?
Low cost electricity will make the mining profitable. In the past, most Chinese farms located near the coal fired power station, now it is near the hydro power station.
So from now on, the bitcoin ASIC mining will not be compete with the technologies, but with the cheap electricity.
That's been a major factor for YEARS now. Why do you think most "big farms" have been located in low-cost electric areas?
I have GPU to mine. At the moment it is better to mine the Ethereum so this ASIC does not affect me. But Ethereum mining will end within a year.
Why?ethereum will be pos in one year
If it takes two years of mining just to break even your ASIC purchase => yeah, well... why are you mining? Just to break even or mine at a loss at a high hashrate? And then you can't resell it because by that time it is crap/obsolete.
The 14/16nm generation of ASIC should have a usefull life probably exceeding 3 years and more likely 5-6 years. This is the generation that will finally catch up to overall Semiconductor State of the Art, no more "1 year or less between generations" in catchup mode.
I anticipate this will be a MAJOR game changer to ASIC mining.
BTW - folks manage to sell Antminer S1 units EVEN TODAY - and those are quite a bit more than 2 years old. Granted, they can't get back what they bought them for - but they should have long since achieved RoI on them.....
So from now on, the bitcoin ASIC mining will not be compete with the technologies, but with the cheap electricity.
If it takes two years of mining just to break even your ASIC purchase => yeah, well... why are you mining? Just to break even or mine at a loss at a high hashrate? And then you can't resell it because by that time it is crap/obsolete.
The 14/16nm generation of ASIC should have a usefull life probably exceeding 3 years and more likely 5-6 years. This is the generation that will finally catch up to overall Semiconductor State of the Art, no more "1 year or less between generations" in catchup mode.
I anticipate this will be a MAJOR game changer to ASIC mining.
BTW - folks manage to sell Antminer S1 units EVEN TODAY - and those are quite a bit more than 2 years old. Granted, they can't get back what they bought them for - but they should have long since achieved RoI on them.....
I have GPU to mine. At the moment it is better to mine the Ethereum so this ASIC does not affect me. But Ethereum mining will end within a year.
Why? 
fpga are back on track!
They say it is ASIC, not FPGA. So the efficiency will be higher. GPU mining for X11 coins are finished now.
Not until ASICs totally dominate the hashpower, AND do so economically in terms of return of investment.
If it takes two years of mining just to break even your ASIC purchase => yeah, well... why are you mining? Just to break even or mine at a loss at a high hashrate? And then you can't resell it because by that time it is crap/obsolete.
GPUs on the other hand are very ...reusable and easily sold on the market. Demand is always high.
The difficulty of X11 is not that high to indicate the existence of the ASIC miners.
There is highly likely an X11 ASIC miner, and there probably has been for some time. DASH will still use X11, however - Evan himself stated he WANTED ASIC miners, just not early in the coin's life.
Wolf, since you deal with GPU optimization, how far do you think GPUs can go in terms of x11 hashpower, in a very optimized scenario? Are there serious gains that can be expected if software is written differently?
fpga are back on track!
They say it is ASIC, not FPGA. So the efficiency will be higher. GPU mining for X11 coins are finished now.
Not until ASICs totally dominate the hashpower, AND do so economically in terms of return of investment.
If it takes two years of mining just to break even your ASIC purchase => yeah, well... why are you mining? Just to break even or mine at a loss at a high hashrate? And then you can't resell it because by that time it is crap/obsolete.
GPUs on the other hand are very ...reusable and easily sold on the market. Demand is always high.
fpga are back on track!
They say it is ASIC, not FPGA. So the efficiency will be higher. GPU mining for X11 coins are finished now.
fpga are back on track!
I have GPU to mine. At the moment it is better to mine the Ethereum so this ASIC does not affect me. But Ethereum mining will end within a year.
I see someone has just ordered a nice amount of scrypt asics and wants us to mine scrypt instead of a asic-proof algo.
NO algo is asic-proof.
If there is a big market, and good money to be made, there is always a ASIC design to make the mining more efficiently.
I see someone has just ordered a nice amount of scrypt asics and wants us to mine scrypt instead of a asic-proof algo.
NO algo is asic-proof.
Some just don't have enough return for anyone to bother making an ASIC for them.
Cleverhash WAS working on an ASIC for X11 (and X13/X15 IIRC) but they didn't come up with enough funding to actually make the thing, as of the last word I saw from them.
And no, Scrypt ASIC *CAN NOT MINE X11* - original poster is lying through their teeth about that.
So do you think Dash will change the mining algorithm to other ASIC resistant ones? I think Neoscrypt changed before.
Yes!
You keep telling yourself that bullshit.
Do you mean Dash will still use the x11 even after the ASIC come out or there are no x11 ASIC miner at all?
There is highly likely an X11 ASIC miner, and there probably has been for some time. DASH will still use X11, however - Evan himself stated he WANTED ASIC miners, just not early in the coin's life.
Do you think Dash will have fewer user base after the ASIC takeover?
I used to be interested in litecoin, but not any more due to the mining without GPU.
Damn... this thread is still alive 
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