Vitalik did say that he is not in favor of hardforking to address the ASICs attack because IMHO, in reality, scalability is a big issue for the ETH network, and needs all the hash they can get before POS. Well played Bitmain ...
Amount of hash is not related to scalability though. It just makes it easier/more difficult to perform a 51% attack. All transactions are still computed by the ETH node and transactions are limited because nodes (usually everyday PCs) can only compute so many transactions per second. The solution is sharing (every node only computes a fraction of all transactions).
Right now I'm struggling with a rig that only shows 4 cards instead of 7. Can't be dead risers as it's the riserless onda board. Out of 20 restarts perhaps 1 time all 7 cards get detected, but in 2 - 3 days it drops to 4 cards again. Annoying
I bet its power related.... I had 6xslot ONDA that was acting like that but after migrating the same cards on a 8xslot ONDA with a server PSU - had no issues (SMOS).
On that scalability issue, yeah agree... in a way ASICs will quicken a 51% attack / centralized situation. However, in this interim POW to POS stage, ETH network depends heavily on the miners more than ever, hence the POW extension with block-halving decision before full POS. In a recent user poll, a big chunk of ETH miners favors fork to fight ASICs.
I bet there are already several hundreds if not thousands of E3s and F3s already online months ago....
Eth developer is a moron. my opinion for what it is worth.
first off pos can not work.
never could or will work.
basically pos is a bank and banks pay 1% but are safe.
so unless pos pays 15% it won't work since it is not safe at all and it can't pay 15% as it won't generate enough revenue.
Eth can fork and have 3 future forks due to asic interference put off pos for 2 years.
It would be accepted by the miners with gpus.
the old fork would have an asic base. like monero xmr + xmo
I feel sorry for al those hooked into eth as the path the developer is following = doom
btw same for zec. they think the coin being Anonymous has value . The truth is once you want fiat it is no longer anonymous. They are also making the coin to be a target for law enforcement since its only value is it is anonymous. They have turned to asics in some statements they made.
So we will soon see an asic zec miner.
phil - awhile ago you were targeting ZEC to be $1k a coin. Does that still look realistic for ZEC? Not sure your view on it re: your comment above.
