Topic: Re: 8th Alt coin thread. Or what to do now that asics are all over the place (Read 237 times)

seems like a glitch   I will lock this and transfer it

https://bitcointalk.org/index.php?topic=3843565.800

this?

My thread has been erased 30 plus pages are gone. Someone is angry at me.

I find it interesting and sad  but it really seems I struck a chord  and got some one very pissed off.

A "modest profit"?  What does that even mean?  Companies are in business to make money.  Investors will not invest in a company that plans to only make "modest profit."  That makes it difficult to get funding for R&D, paying for components, paying salaries, taxes, etc.



Prices are set to what the market will bear.  Apple was selling the iPhone X for $1000 and you know they had a significant profit margin on that.  They are now a $1 trillion company.  If you want to stay in business, you have to continue to make money.



Bitmain is not the only ASIC producer.  There are several competing companies... more than players in the GPU field.  What's the difference between 1 million GPUs versus 1 million ASICs when calculating "centralization?"  Nothing.



As long as game-theory and rewards is a part of POW, then there will always be people who try to gain an advantage.  POS is out there, but that is more like a dividend from a stock... and boring to us miners.

I feel you phil.

But;  I also see it this way...


Let people drop off the GPU side; and we will see more instances like our Skien days....   Everyone was heavy on asics..... either asics or ETH for the most part.

I see the exact same happening in the future;  just;  a different piece of hardware and manufacturer now.... as well as different algo.

I still must admit:
Each device has it's place....  (good or bad)


But when you consider the ramifications of the devices when compared to each other;   yes;  asics secure BTC;  but,  they secure BTC...    Each different algo has seemed to bring along its own waves of differences in effects on all other devices and strategies.  Just because a powerful device worked for one scenario;  doesn't mean its a good idea for the current scenarios.


If these companies; designed the devices to only make a modest profit;  we would have a winning company/device to support in my eyes... the problem would be severely lessened.... to a point... a dull point.


I wont ever buy a brand new piece of shitmain gear.   Never.    They are a crooked company and don't deserve it in my mind.   I hope many people do the same.      They got excessively greedy;  look at the profit margins that can be deduced.    It's insanity.

I hope we find a way to change the meta of POW mining.....  level the playing field and try to keep this thing from getting out of control and 100% centralized; which is my ultimate worst fear.

 Powerful devices further the divide between the "decentralized and attainable by the layman";  and "big fish that can afford to dump on the latest and greatest to reap the second best rewards (first best being the manufacturer).   How can we change this?

that upcoming fork will hurt sales of the acorn 215+  as they have monero V1  or as some say monero7

so  the fpga acorn will have 1 less viable algo when and if it arrives.

I busted chops in that thread so much that I decide to no longer post in it.


this is my last post there

https://bitcointalksearch.org/topic/m.43339004

I will leave this analogy

gpus = a bicycle

fpga = a motorcycle

yeah pedal bikes are slower  but they works and tossing them out  for motorcycles  and or bikes attached to motorcycles would be laugh at.

to end the widespread gpu mining for profit is stupid  at least 1 developer team sees this thank you monero developers.

If you read the above I am not against fpga's  I am against them destroying gpu mining.

at the moment ::

I mine with asics on :  LTC and BTC
I mine with GPUS on : BTG and ETH
I mine with CPUS on : Monero7  or v1
I mine with FPGAs on : nothing as acorn 215+'s are yet to ship

I sold 2 1080ti's for 900 today after shipping I will get about 850 for them.