ETN is back to ASIC :) ATTN: Antminer X3 owners :)

m.vina

full member

Activity: 280

Merit: 102

Quote from: Didi CC on July 06, 2018, 08:57:52 PM

They fucked up from the start, with the ICO, with the Mobile miner, after that with the fork.
A well, at least they deliver a lot of fun on Twitter and other channels.
Maybe time for another White Paper, this 1 has 1 thing that hasn't changed, and that's the name of the coin, all the rest is gone.

Just goes to show how much of a shitcoin Electroneum really is.

They can't even make good enough decisions to actually stick with them. Why didn't they think of this before they switched to Cryptonight V7 (albeit they were already late and the last to do it)? Electroneum is no better than the shitcoins that are run by college kids.

shaninium

sr. member

Activity: 489

Merit: 253

Quote from: Bulitt on July 06, 2018, 09:18:21 PM

so they are UNDOING the V7 update or just waiting for them to invent a V7 asic?

Undoing

Bulitt

member

Activity: 108

Merit: 11

so they are UNDOING the V7 update or just waiting for them to invent a V7 asic?

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: leonix007 on July 06, 2018, 08:52:25 PM

Resale shoudn't be ignored, my 700days old GPU card RX 480 could still be sold at 200$ from 300$

its still around 67% value

though im still burning them 24x7

holding coins mined and trade them

It has been a crazy year for gpu mining reason resale has kept a good return cause prices skyrocket 3x and also pay attention to manufacturing delays and so on, expect 70% minimum, example gtx 970 --> gtx 1070. 12nm is not really a mind blogging advancement from 16nm but gddr6 is, a gtx 1070 will not be worth much 6 months after a 1170 is released, if mining is not giving anything good then expect 80% devaluation. GTX 1070 selling for $550, you will get like $150 for it in few months after 1170, maybe for less. Also as there are too many gpus and nothing to mine with it in few months, this will likely end very bad, gpus will be very cheap in few months. Nvidia itself supposed to launch the new nvidia series in march and postponed to September, reason?, there are too many gpus around. If nvidia launched the next generation in march then would kill the price hike and they did not, mainly because manufactures played the "Let;s keep up the high profit".

Didi CC

newbie

Activity: 46

Merit: 0

They fucked up from the start, with the ICO, with the Mobile miner, after that with the fork.
A well, at least they deliver a lot of fun on Twitter and other channels.
Maybe time for another White Paper, this 1 has 1 thing that hasn't changed, and that's the name of the coin, all the rest is gone.

leonix007

sr. member

Activity: 1008

Merit: 297

Grow with community

Quote from: Metroid on July 06, 2018, 06:43:53 PM

Quote from: huntingthesnark on July 06, 2018, 05:29:38 PM

You're ignoring resale in that calculation. Important dat, comparing a VCU to a common gpu they ain't the same.

Forget resale cause gpu roi is not a 200 days, not even a year right now, 700 days is a long time and by the time you reach roi, the gpu value has been depreciated by 70%, my point is, gpu resale must be ignored if roi is greater than 300 days. Asics and fpga roi usually are 150 - 250 days. I prefer to buy asics or fpga's with 180 days roi with no resale than gpu 300 days roi and resale. 120 days is a lot.

Resale shoudn't be ignored, my 700days old GPU card RX 480 could still be sold at 200$ from 300$

its still around 67% value

though im still burning them 24x7

holding coins mined and trade them

shaninium

sr. member

Activity: 489

Merit: 253

Quote from: Spill on July 06, 2018, 08:28:12 PM

I don't get why they went back to ASICS, I thought the Idea was to get as much ETN in as many hands as possible,
I don't see this working when you now have to spend almost 1k for a miner to mine this ?
Huh

Etn said they expected gpu miners to come back to their coin apparently, so it seems they want more hashrate, so they went back to asics.

Spill

jr. member

Activity: 94

Merit: 5

I don't get why they went back to ASICS, I thought the Idea was to get as much ETN in as many hands as possible,
I don't see this working when you now have to spend almost 1k for a miner to mine this ?
Huh

philipma1957

legendary

Activity: 4326

Merit: 8914

'The right to privacy matters'

bunch of lies here.

in 2012 i mined with 22 hd7970's and my hash rate was 0.0007619 of the btc network.

to mine 0.0007619 of the btc network now you need 2054 s9's

so my 22 gpus burned only 11000watts to mine that much

2054 s9's burn over 2,875,690 watts to mine the same percent of the network

asic don't save power if the coin is successful as people just will use a shit ton of them

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: huntingthesnark on July 06, 2018, 05:29:38 PM

You're ignoring resale in that calculation. Important dat, comparing a VCU to a common gpu they ain't the same.

Forget resale cause gpu roi is not a 200 days, not even a year right now, 700 days is a long time and by the time you reach roi, the gpu value has been depreciated by 70%, my point is, gpu resale must be ignored if roi is greater than 300 days. Asics and fpga roi usually are 150 - 250 days. I prefer to buy asics or fpga's with 180 days roi with no resale than gpu 300 days roi and resale. 120 days is a lot.

huntingthesnark

member

Activity: 357

Merit: 26

Quote from: Metroid on July 06, 2018, 05:03:21 PM

Quote from: Tidsdilatation on July 06, 2018, 03:52:02 PM

FPGAs will not become a thing.

For it not to become a thing then it has to be much worse than a gpu and right now is simple, with a fpga the roi is 200 days, as for the rx 580 is https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=150.0&fee=2&cost=0.15&hcost=350.0&commit=Calculate 700 days, so gpu is dead. Matter of fact, roi, gpu 700 days, fpga and asics 200 days or so. So right now gpu's are dead for mining. Anybody buying gpu's for mining are idiots.

You're ignoring resale in that calculation. Important dat, comparing a VCU to a common gpu they ain't the same.

toefu

newbie

Activity: 36

Merit: 0

most of us are holding hoardes of gpus and praying for survival, but there's no way i'm adding more gpu's to my array at this point.

Asics have always been a problem, but if these guys figure out fpga's, it's over. you would have to believe that it's just a matter of time.

Dont get me wrong, i'm mining my gpu's until the day i can't make up for the 9 cents per kwh, but it is what it is.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Tidsdilatation on July 06, 2018, 03:52:02 PM

FPGAs will not become a thing.

For it not to become a thing then it has to be much worse than a gpu and right now is simple, with a fpga the roi is 200 days, as for the rx 580 is https://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=30.0&p=150.0&fee=2&cost=0.15&hcost=350.0&commit=Calculate 700 days, so gpu is dead. Matter of fact, roi, gpu 700 days, fpga and asics 200 days or so. So right now gpu's are dead for mining. Anybody buying gpu's for mining are idiots.

Tidsdilatation

sr. member

Activity: 518

Merit: 250

FPGAs will not become a thing. First of all they are shit expensive. Secondly they are really really hard to get to work stable. To let a couple of these guys on a network wont be a problem, they wont mass up to a large percentage of the hashrate.

This is a stupid move.

kellygeefx

newbie

Activity: 14

Merit: 0

Quote from: xxcsu on July 06, 2018, 01:21:18 PM

Quote from: vuli1 on July 06, 2018, 03:27:33 AM

etn is worthless. It gain some sats, but after this update is going back down. What a stupid move from devs.

.... time will tell ....

Will become shit coin of 2018, wrong move. Dumping my coins too.
Asic owners manipulate the market to dump their coins for higher profit. See Bytecoin....

xxcsu

hero member

Activity: 1498

Merit: 597

Quote from: vuli1 on July 06, 2018, 03:27:33 AM

etn is worthless. It gain some sats, but after this update is going back down. What a stupid move from devs.

.... time will tell ....

vuli1

jr. member

Activity: 238

Merit: 3

etn is worthless. It gain some sats, but after this update is going back down. What a stupid move from devs.

huntingthesnark

member

Activity: 357

Merit: 26

haha. Don't see how this is good news for anybody connected with ETN. It's only a desperate short-term move to attract cheap hashpower. Profits will now plummet as difficulty rockets, to the point where only the big asic farms will bother on such slim margins, leading to heavy centralisation until the profits vanish entirely. The whole line about FPGAs is entirely misguided - nobody is going to use FPGAs to compete against existing asics, so this tactic has actually locked out the FPGA's, not included them.

Ironically the very opposite of ETN's original strategy, where even mobile mining was a big part of their play.

sabercrypto

member

Activity: 181

Merit: 10

i'll dump my 100k etn from now on.

toefu

newbie

Activity: 36

Merit: 0

i dont own any cryptonight asics, but agree with this sentiment as well. if FPGA's are becoming more and more prevalent, it makes no sense to go asic resistant.

FPGA's are even more exclusive than asics and are basically impossible to stop. Asics are more secure than fpga's.

Topic: ETN is back to ASIC :) ATTN: Antminer X3 owners :) (Read 776 times)