Ethereum ASIC Miner - Bitmain Antminer E3 and How YOU can help Hardfork ETH - page 2.

Iamtutut

full member

Activity: 1120

Merit: 131

Quote from: Dudukian on April 06, 2018, 09:50:10 PM

Quote from: Tidsdilatation on April 06, 2018, 06:12:37 AM

Eth should think REALLY hard about hardforking into something ASIC resistant. I dont know the relationship between Jihan and Vatilik, but for the coin, ASIC resistant algo would be better in the long run. Both for users and for HODLers.

Eth is already ASIC resistant due to the RAM needed . That is why the E3 hashes at 200 mh/s and not 20,000 mh/s.

There is absolutely no reason for a fork . It would be cool if the E3 could dual mine ETH and Decred .

You still don't get it...When Bitmain publicly releases an ASIC for sale, it means they are already mining with something more powerfull.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: jmigdlc99 on April 05, 2018, 07:50:51 PM

Quote from: nsummy on April 05, 2018, 07:29:35 PM

I fully agree. People need to be careful what they wish for. An algo change could easily propel Ethereum Classic above ETH. Why would anyone invest in a technology that shows its willingness to change rules on a whim.

Given your argument, one could also say a lack of algo change could easily propel ETH below Ethereum Classic. Why would anyone invest in a technology that is not willing to adapt to changes?

As a GPU miner, i'm all for banning ASICs to keep my rigs profitable. As an investor, i'd still vote for banning ASICs to ensure no single company monopolizes the mining industry.

Yet for ETH, eventually it is going to option C: Wealthy ETH owners collecting PoS rewards.

Dudukian

newbie

Activity: 143

Merit: 0

Quote from: Tidsdilatation on April 06, 2018, 06:12:37 AM

Eth should think REALLY hard about hardforking into something ASIC resistant. I dont know the relationship between Jihan and Vatilik, but for the coin, ASIC resistant algo would be better in the long run. Both for users and for HODLers.

Eth is already ASIC resistant due to the RAM needed . That is why the E3 hashes at 200 mh/s and not 20,000 mh/s.

There is absolutely no reason for a fork . It would be cool if the E3 could dual mine ETH and Decred .

Swinging Phallus

full member

Activity: 266

Merit: 103

To preface...

Vosk, I didn't know you were a poster on BTCT as well. I enjoy watching your videos (and I'm a KMD hodler as well - so big kudos to you for all your work). I always enjoy your content.

Quote from: jmigdlc99 on April 05, 2018, 07:50:51 PM

Quote from: nsummy on April 05, 2018, 07:29:35 PM

I fully agree. People need to be careful what they wish for. An algo change could easily propel Ethereum Classic above ETH. Why would anyone invest in a technology that shows its willingness to change rules on a whim.

Given your argument, one could also say a lack of algo change could easily propel ETH below Ethereum Classic. Why would anyone invest in a technology that is not willing to adapt to changes?

As a GPU miner, i'm all for banning ASICs to keep my rigs profitable. As an investor, i'd still vote for banning ASICs to ensure no single company monopolizes the mining industry.

My input resonates with this statement as well. I understand peoples concern for constant changes in a currently functioning protocol, but if it's for the sustainability of the protocol itself (of keeping the network decentralized) - I'm for it. Although I do have to admit the hashrate of these ASIC Miners are pretty unconvincing to me. This is no where near the massive hashrate / efficiency spike we see when ASICs are implemented compared to other algorithms in my opinion, so I dont see it as much of a threat. I feel neutral and actally a bit positive about the outcome...Especially knowing how vehemently the Ethereum team wants to stop this.

Tidsdilatation

sr. member

Activity: 518

Merit: 250

Eth should think REALLY hard about hardforking into something ASIC resistant. I dont know the relationship between Jihan and Vatilik, but for the coin, ASIC resistant algo would be better in the long run. Both for users and for HODLers.

badfad

jr. member

Activity: 186

Merit: 4

Quote from: iVah1d on April 04, 2018, 07:38:00 AM

this forum is full of selfish people, hardfork so GPU companies last? why me as a gamer should pay hundred more bucks because of some greedy f*** ?
i will never support HF and hope this one fail like the one before.

You want to hear about greed? Research the company Bitmain.

Who is buying these? They will ROI in the current market so the incentive is there..

szafa

hero member

Activity: 812

Merit: 500

I check allegro and dont find antminer e3.

Dudukian

newbie

Activity: 143

Merit: 0

Quote from: JuanPabloCuervo on April 05, 2018, 06:14:29 PM

The Metropolis Update is around the corner...
For those who don't know is making ETH from PoW algorithm to PoS algorithm, similar to Zcash.

A Fork Now will create 3 coins and will make harder to launch Metropolis Update,
Or will force ETH developers to launch the Metropolis Update before is complete. "With serious bugs."

Ethereum Classic ETC "inmutable"
Ethereum 2016 Fork "mutable" PoW algorithm.
Ethereum 2018 Fork different PoW Algorithm.
Ethereum 2018 Metropolis Update from 2016 Fork. ETH

When ETH becomes PoS all mining farms will become useless.

PoW Miners with lots of GPU's will have to abandon ETH...

Some people say that Bitmain decided to sell EThash miner now because the Metropolis Update...
It was a secret weapon,

When ETH becomes PoS, ASIC Miners can only be used in Ethereum Classic...

It could mean the rebirth of the ETClassic from the Ashes.!

The Updates before Metropolis includes progressive infinite difficulty... already installed.

What about the other etash coins ? UBIQ , Metaverse , Pirl and others ?

JuanPabloCuervo

full member

Activity: 246

Merit: 102

as far as I know...
ETH 2016 Fork has a Time Bomb, that slowly makes imposible to Mine...

ETClassic does Not.

Making a Fork to Ban ASIC solves Nothing, ETH roadmap goes directly to a cliff.

ETH developers have already banned GPU's. LOL. Jajajajajajaja

jmigdlc99

sr. member

Activity: 784

Merit: 282

Quote from: nsummy on April 05, 2018, 07:29:35 PM

I fully agree. People need to be careful what they wish for. An algo change could easily propel Ethereum Classic above ETH. Why would anyone invest in a technology that shows its willingness to change rules on a whim.

Given your argument, one could also say a lack of algo change could easily propel ETH below Ethereum Classic. Why would anyone invest in a technology that is not willing to adapt to changes?

As a GPU miner, i'm all for banning ASICs to keep my rigs profitable. As an investor, i'd still vote for banning ASICs to ensure no single company monopolizes the mining industry.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: JuanPabloCuervo on April 05, 2018, 06:14:29 PM

The Metropolis Update is around the corner...
For those who don't know is making ETH from PoW algorithm to PoS algorithm, similar to Zcash.

A Fork Now will create 3 coins and will make harder to launch Metropolis Update,
Or will force ETH developers to launch the Metropolis Update before is complete. "With serious bugs."

Ethereum Classic ETC "inmutable"
Ethereum 2016 Fork "mutable" PoW algorithm.
Ethereum 2018 Fork different PoW Algorithm.
Ethereum 2018 Metropolis Update from 2016 Fork. ETH

When ETH becomes PoS all mining farms will become useless.

PoW Miners with lots of GPU's will have to abandon ETH...

Some people say that Bitmain decided to sell EThash miner now because the Metropolis Update...
It was a secret weapon,

When ETH becomes PoS, ASIC Miners can only be used in Ethereum Classic...

It could mean the rebirth of the ETClassic from the Ashes.!

The Updates before Metropolis includes progressive infinite difficulty... already installed.

I fully agree. People need to be careful what they wish for. An algo change could easily propel Ethereum Classic above ETH. Why would anyone invest in a technology that shows its willingness to change rules on a whim.

nsummy

full member

Activity: 1179

Merit: 131

Such a ridiculous title that I am not even going to watch the video. The price to performance ratio is no different than the people who were able to buy hundreds of 480s and 580s for under 200 bucks each. Should we punish them while we are at it? The forking frenzy is getting out of control. It kind of reminds me of politics to be honest. The group that is currently benefiting is the group that demands change when they suddenly don't have an advantage anymore.

JuanPabloCuervo

full member

Activity: 246

Merit: 102

The Metropolis Update is around the corner...
For those who don't know is making ETH from PoW algorithm to PoS algorithm, similar to Zcash.

A Fork Now will create 3 coins and will make harder to launch Metropolis Update,
Or will force ETH developers to launch the Metropolis Update before is complete. "With serious bugs."

Ethereum Classic ETC "inmutable"
Ethereum 2016 Fork "mutable" PoW algorithm.
Ethereum 2018 Fork different PoW Algorithm.
Ethereum 2018 Metropolis Update from 2016 Fork. ETH

When ETH becomes PoS all mining farms will become useless.

PoW Miners with lots of GPU's will have to abandon ETH...

Some people say that Bitmain decided to sell EThash miner now because the Metropolis Update...
It was a secret weapon,

When ETH becomes PoS, ASIC Miners can only be used in Ethereum Classic...

It could mean the rebirth of the ETClassic from the Ashes.!

The Updates before Metropolis includes progressive infinite difficulty... already installed.

Dudukian

newbie

Activity: 143

Merit: 0

Quote from: iVah1d on April 04, 2018, 07:38:00 AM

this forum is full of selfish people, hardfork so GPU companies last? why me as a gamer should pay hundred more bucks because of some greedy f*** ?
i will never support HF and hope this one fail like the one before.

You are crying foul for a $100. You seem pretty greedy !

iVah1d

newbie

Activity: 41

Merit: 0

this forum is full of selfish people, hardfork so GPU companies last? why me as a gamer should pay hundred more bucks because of some greedy f*** ?
i will never support HF and hope this one fail like the one before.

pegonas

newbie

Activity: 11

Merit: 0

Quote from: Amph on April 04, 2018, 02:47:13 AM

Quote from: Dudukian on April 03, 2018, 08:41:50 PM

Why would ETH have to hardfork ? The E3 hashes less than every one of my GPU rigs . It is more efficient and it doesn't compete with GPU gamers.

It sounds like a win win for everyone.

it's not even more efficient, p104-100 is better 40MH for 100 watt only, so 320MH for 800 watt

How much cost your 320 MH farm???

Antminer E3 price are 800$......

prjcoin

newbie

Activity: 37

Merit: 0

miners make less in recent years. Bitmain only aims to profit itself with the devices it produces.

The miners don't give a shit about him.

john1010

hero member

Activity: 2086

Merit: 562

Hardfork not only help to survive the gpu company it can also help millions of gpu to be junk or to sell too cheaper.. ASIC MIner can kill the GPU company because of the dominal effect that most of the miners will sell for sure their gpu in a very cheap price, what was the effect of that? The 2 gpu chip company will going to force sell low price, low quality or it may cause to stop their production... Just my thoughts... SO ETH HARDFORK is the only way and solution.. But please make sure that this hardfork is a TRUE ASIC RESISTANT algo..

btc2017btc2017

member

Activity: 176

Merit: 10

Seem like this guy is sour, stick to your GPUs, they may last longer than your dog

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Dudukian on April 03, 2018, 08:41:50 PM

Why would ETH have to hardfork ? The E3 hashes less than every one of my GPU rigs . It is more efficient and it doesn't compete with GPU gamers.

It sounds like a win win for everyone.

it's not even more efficient, p104-100 is better 40MH for 100 watt only, so 320MH for 800 watt

Topic: Ethereum ASIC Miner - Bitmain Antminer E3 and How YOU can help Hardfork ETH - page 2. (Read 1709 times)