Topic: new asic ETH miners is coming. and Trent.eth just twittered! (Read 514 times)

we can add musk to "technocratic overlords"..exchanges, miner makers, ...where will musk be categorized? whales of course, a corporate take over is also a possibility. people can say anything about the negative aspects of doge but if it is really to be taken over then they can change it if they want.

Musk jumped in to pump doge.

when PC took a huge chunk of gaming hardware sales from consoles, they want a cut from the profit from games.

now there is a market with ASIC and FPGA companies as competitors. they obviously want a cut from crypto mining profits.

but the tricky part is algo that can be ASIC'd and FPGA'd and algo change/alter. games on the other hand are games since the beginning until the end. gpu companies are watching but are not trying to be overexposed for the mean time

even if an algo is good for a certain gpu/cpu company. it is the coin that decides if there is money to be made, ETH is a defi/ponzi fest/scam fest/casino/hack fest/ etc.. a coin that is mining for the sake of "validating transactions" is soooo "ASIC"

that's why exchangers casino like binance and ftx are soooo into platform defi/ponzi fest/scam fest/casino/hack fest/ ...talking about BNB and solana---go gamble some more, and ponzi some more hehehe.


I have an idea for the future... a multi ponziverse blockchain oligarchy.

these technocratic overlords like AMD and NVIDIA make their own coin that will be mined efficiently by their proprietary hardware...or ASIC companies will get there first? exchangers already started it, maybe the hardware manufacturers should go into defi/ponzi fest/scam fest/casino/hack fest/ mode.

Well as much as gpu companies pretend they do not like miners. 

They do.

So they have an interest in coin development.

To me Amd has a real interest if they combine an amd cpu and an amd gpu as the only way to mine AMDCPUGPU coin algo.

I would think it would work well.

AMD-DUAL-MINER-ALGO seems like something looking to be invented.

For me it's not really over until it's finally over, it's been a long time since I've been hearing about the dead of GPU mining most especially on Ethereum network but it never happened, same way people believe that Bitcoin will die lol, if ETH is out of PoW then we have other coins as well

Oh I bitch and moan about selling the doge at a 60k profit. But i am still mining it.

It earns 4k a month vs 32 usd a month last summer.

And i purchased a lot of gpus with the sales of the eth they earn 9k a month

So even though holding the million eth and selling at 60k profit vs 200-240 is a drag.

I am earning good money from the 60k.

Calling bear since jan in your case

Or selling my doge quickly in my case we both earned money.

It simply proves we are human. I earned 20k with the gpus.

So the 60k doge is now 80k.
 I have cash
 I have no debt
I have good power setup for next year.

Here is another what if.
I had a 90 free s9 offer for april 2020.

My wife was sick from covid.
I had just recovered from covid.
The usa was shutting down due to covid.
I did not have space to mine those s9s
I turned it down.
A loss now that we look back at it 13 months later.
But I wanted to find a way to make up for it and in April 2020 I starting adding gpus.
And I started taking all gpu earnings and buying most of those doge.
We had mined some. I was able to continue the l3+ mining. Viabtc bumped the doge from 1000 to 2000 for each ltc coin mined.

So the loss of 90 free s9s
Allowed the doge to get to 1000000 vs 400000 coins
And the eventual gpu setup that now earns 9k along with the continued l3+ that makes 1.4k + 3.6k or 5k

So yeah it gets complex if you try to pull one thing and say it was wrong.

Yeah, I really hope more people could think like you and me in that way.

If you sold and made a profit, dont ever look back and say "what if". Making a profit from a trade/sale is a good thing and something to never, ever be ashamed of

Eth developers if they want can just alter a little bit their algo to screw ASIC miners.However even if that does not happen and we are overwhelmed with these ASIC miners there are a lot of other algorithms which are really profitable to mine except Eth.

Selling 1million pieces of dogecoin at 60k wont bother me an inch if it later surge up to 200k, tell me how much you buy the whole 1m dogecoin, this coin was so worthless in few months back most especially in 2019/2020, to me I believe you did the right thing because let's be honest dogecoin is overhyped and over bought

This is subjective, I mean, yeah on eth would be 2x right now, price is around 2800 usd, sold around 1450 usd, so yeah in that sense yes, however in alcoins no, most altcoins I had they are actually 3x cheaper than it was when I sold, did I buy back no and I will not, I know the last bulltrap is about to happen and that will top around 79k on btc, on eth, I thought it would never get higher than 2k because eth is still eth 1.0, last year it was 100 usd, now 2800, that is bs, so this is a fool's game what they are doing to eth and that will end bad just like 2018, eth crashed 94% in 2018, now might be less but will still crash hard, thieves will not hold eth for very long, they buy wait a little then sell, most are not long holders, anyway, if this was eth 2.0 then yeah but is not, so I still dont believe they will take this much higher than what it is at moment, I know will be a last bulltrap, and whales will take profit at some point and when they do, others will too, and eth 2.0 to happen, will be at least 3 to 5 years and that is what I think will be the start of the next bullrun. So my advice is, do not buy now, wait the crash and if you did not sell then sell most of it and keep some to sell at top because is close to the top already.

About doge, I dont think you made a bad decision, that thing had already rose a lot, so you took profit, now you cant accept the profit you took, you need to work on that because is bad for your head, trust me. Sell at top is close to impossible because it will stay there for only few minutes then going to hehell, do not wait for the top, sell when your target is hit.

and to all you trolls, crypto rises a lot and crashes a lot, so be very careful, only hold what you are willing to lose. I myself still holding some eth and some altcoins that I'm willing to lose, lets see where it will take to.

Yes in bearmarket there was alot coins were more profitable than eth. AMD also doing fine recently RVN and Beam are supporting amd too. I like nvidia only that it is less hassle just oc it run it forget it.

Fuck what everyone thinks, if Ethereum goes down there are many coins that will remain profitable, most especially if you are using Nvidia graphic cards, do not worry yourself as there are other algorithms to mine for profits




That's RTX2080ti presently, you think all we have is ETH? I don't think so

"memory bandwidth" and "memory intensive" suffered the same fate as history has proven again and again.

hell even if a new coin claims something like that and the devs are "into mining" like mining software, pools, mining hardware...most likely they have already an edge in mining. like fpga, optimized miner etc..

my bet for the next best mining venture is filecoin(assuming price will not tank to unprofitable levels), it still utilizes gpus, so it looks like a gpu mining rig with 6 cards and 6 VMs..the DAG is replaced by VM...why 6 VMs?(or more) ..ddr5 RAM single module can be 512gb.. the previous generation will be "fpga'd or asic'd" by the next generation LOL

VM= cpu cores, RAM, nvme, ssd, hdd --->this cannot be ASIC'd that's for sure  

Dont sell your all coins at once lets say sell 60-70% and wait if it goes too low breaks many resistance then sell rest 30%. Thats why i dont like doge and xrp because the price depends on couple of people. When they twit price goes up when they silently sell price will go down.

Metroid called the crash far too soon.

In fact he claimed he bailed in Jan. Selling off at a good profit.

If he held he would be 2x that maybe 3x that.

So even if he made 1 million he should have made at least 2 or maybe 2.5 million

To be nice.  If he sold 1/2 then and 1/2 now he would be at 1.75 million vs 1 million.

Hey I fucked up with doge I had 1,000,000 coins and sold too quickly. Made about 60k I could have made 200k

One bit of encouragement, at least in how it relates to the chips needed to produce ASICs at scale is the global chip shortage, which is very much real. You have Telsa, GPU and Cellphone manufacturers all scrambling to source raw materials to continue production, so I very much doubt Bitmain and the other ASIC manufacturer's are in any better position. The few units initially available will most likely be very overpriced for those willing to pay to play. That also gives the ETH developers enough time to address the issue if they choose to. When you have entire market segments riding on your back, the last thing you want to do is rush things out.

https://asia.nikkei.com/Business/Automobiles/China-demand-helps-Tesla-to-record-quarter-amid-chip-shortage

ASICs being announced now are already running and the pending shitstorm is already baked into the network hashrate.  Units for sale are just a few extras manufacturers don't want to host.  I've been hearing "GPU mining is dead" since 2015.

try to mine ethercoin.org

Agreed. There will be unforeseen issues trying to do something they planned to do 2-3 years from now, in 6 months.

In the meantime, people need to stop paying 3-4x MSRP for gpu's, and ignore Metroid's crystal ball as well. It's batting .001% these past 5 months 

566 hashrate

That is 5,660,000.    3080

But only 180,000 e9 miners


Power for 33x  3080 is 8000 watts

POWER FOR 1 E9 Is 3300 watts.

No one knows how many are mining right now.
No one knows how many will be released.
But they are a big improvement over the best gpus.

BTW the linzhi was and still is good asic doing 2700 mh at 3300 watts. It will run out of ram soon.

The key to the new shit storm coming is how many asics how soon.

And does eth alter the algorithm just a bit  to fuck the new asics.

My thoughts are eth will fuck it up much as they did back in 2017-2018.

For now just mine and make money.

reason this time, asics on eth matters, this is likely the last time you will see mining as profitable, 3080 was doing around 15 usd highest in few days, in 2016 - 2018 was as much as 15 usd per gpu too, highest, not even in the next bullrun will be profitable like this one, they really found a way to make memory bandwidth intensive asics, so any new coin that comes to be successful like eth in memory will also suffer the same fate. Now the deed is done and gpu mining is about to really be dead for eth.

If all these new ETH ASIC reported hash rates are true, they are a great improvement over the 1st generation ETH ASICS, which amounted to nothing more than a regular RX 570/580 rig at the time at maybe a tiny power savings. If the stated rates are true, current yields are going to seem like the good old days once more and more ASICS come online. GPU miners will be left to fighting over smaller and smaller scraps to the point where it becomes irrelevant. The same thing happened with LTC and DASH back in 2014. The one standout from back then was VTC which quickly moved from nScrypt once an ASIC was developed. Unfortunately for GPU miners it's never managed to gain traction.

Trent.eth just posted this twitter:To all Ethereum miners: plan conservatively for an end to mining EOY 2021. https://twitter.com/trent_vanepps/status/1387837123756240898

it's conservative plan. if radical, what will happen?

it nnounced the death of eth gpu miner.

try to join ethercoin.org community. make one successful POW evm chai.

You can either sell your GPUs right now while you still can for good money or be prepared for what's coming, ETH mining is now like gambling game, we don't know how things will workout

What do you mean by you plan on making almost no money? I'm sure that something unexpected will come up for ETH mining, these new ASICS shows that mining isn't going away from ETH network soon but PoS is indeed on so maybe there will be fork for ETH PoW and ETH PoS ?? Just a guess

I've been miing on 150 gpus since late 2016 and I'm not adding and I'm selling a few.  Plan on making almost no money, Eth has so much mining power it will crush most coins to near zero profit. 

Not sure who is goign to buy the ASICs with reward reduciotn and POS its a huge gamble.

Those who used Nvidia cards are going to enjoy the benefits of more profitable algorithms to mine once EIP1559 affects ETH mining rewards, might not be much but I'm sure the rewards will be affected, most profits for miners comes from high gas fee

You an mine ERG, it brings nearly the same profit and you can mine it with 4GB cards. Haven Protocol is also a good choice, it use less energy than ETH. You have so much  alternatives, ETH is not the only gpu mineable coin dudes.

Honestly I'm confused as many other people, I don't believe that mining will remain profitable even in bear market but one thing is certain, bear market from now on will be different, the dips won't be like what we've seen in the past

RTX 3090 will probably be relevant until it breaks
New coins are constantly appearing and they will need powerful graphics cards. I don’t want to say that it is worth buying this video card for $ 4000, and I don’t like hot video cards due to problems in the summer.
But I'll probably buy it for $ 800 when hamsters sell their graphics cards in the future.

It's funny, 30mhs on eth before this mega super ultra bulltrap was around 50 usd, now is around 1000 usd, 3070 is already selling for 2000 usd, that is a huge red flag, asics coming, transaction fees that used to go to miners will soon just burn, so all I see in the eth network will be asics, period, and the asics will be making pennies because whales are not stupid to keep paying this much for eth, plus eth and all crypto market about to crash hard.

The store I live close by just got a new batch of 3090 and the new price is 4000 usd hehehehehehehehehehhehe, buy up trolls ehhe, trust me it will sell, know why? bullrun --> there are more money than sense, funny will be once the crypto market crashes and they can't even sell this card for 800 usd later on ehhe because asics are coming, crypto will not be profitable, so the only thing left will be to sell them to gamers or keep them somewhere around turned off cause nothing will be profitable for 98% of miners today.

As soon as market crashes there will be no point ASIC manufactures selling them it means they will stop production. They will maximum sell right now for crazy money. They are not idiots they make every scenario possible then act. As soon as you will start see ASICS are selling many it means they will be useless soon. after useless time you will see many ASIC video youtube and you will be able to buy for 50-100$. It all depends how much profit they give or - profit. lets say now 1ghz giving you = 110$ at eth 2800$ price. When eip happens it means nearly 1Ghs = 55$ at eth 2800$ but if eth goes to 1400$ price it will be 25$ and so on at one point it will be doing around 5-10$ a day. this time looks like 30mhs speed may not survive.

You wish it will move to new heights because it will bring in new coins but you called it bullshit, anyways Chia project will never be like bitcoin and it will stay the same way like many other bitcoin forks, I don't expect anything huge but I'm willing to take risks on plotting

Either you sell your GPUs now and get a lot of money for them or you change the coin.
Maybe Firo or Ravencoin? I will look at Whattomine to see what will be the most profitable.

Absolutely nothing than buying more graphics card to add to your mining rig setup to earn what you are earning before that's all, reward will be lower and difficulty will rise

Fail, gpu is memory and core, hd mining is only memory, so what is important on a nand flash, first, sequential speed then 4k random speed, this thing about plotting is bs, make hd mining competitive, like gpu mining or asic mining is then you have a new ssd mining market. I really hope ssd nand flash mining market will move to new heights which will bring new coins.

after eip1559 active, shifted to pos, yes.
how do you think about HD mining? like ipfs.

gpu mining --> dead, i mean really dead for 95% of miners around the world.

EIP1559 will active in July; miner will loss huge revenue. at the same time, two company lunched new asic miner: bitmain, and Pineapple. both are around 3.6Ghs, 2500W. shipment from Jun.

Trent.eth just posted this twitter:To all Ethereum miners: plan conservatively for an end to mining EOY 2021. https://twitter.com/trent_vanepps/status/1387837123756240898 .it announced the death of eth gpu miner.

under this double attacks, what should gpu miner do?
 
 ethercoin.org is one good choice, no eip1559, no asic miner (ProgPOW) , allways pow-no shifting pos, deflation monetary policy.

Gpu miner, keep happy mining.