Topic: Stopping the Bitmain monopoly train (Read 521 times)

These algorithms probably have insufficient resistance to the ASIC. It is not enough just to shuffle the SHA3 candidates to get rid of ASIC. It is quite possible to expect the announcement of the miner for these algorithms.

I believe that protection from ASIC should include many huge multiplexers. Those muxes are already in FPGA (although they are statically configured at Place and Route stage), but they will take up a lot of space in ASIC. The downside of this solution is the need to build a bitstream for every state of multiplexer and load a bitstream at the beginging of every block.

In order to distribute computing power equally for everyone, it makes sense to use somehow the bandwidth of the PCI Express link with at least 8 transceivers of GTX in the POW function.

Further, it makes sense to choose a useful function for the POW. For example, the Needleman Wunsh or Smith Waterman algorithms. Thus this altcoin may have a real price.

I gave up trying to understand people

A lot of people say they are in cryptos because the technology, or because they are against governments, banks, the monetary system, but they all buy stuff from bitmain, they don't care about cryptos, they are here just to gain money

It's disgusting to see something with big potential, but people are doing with they know best

Bitmain supplies the farm investors an easy way to mine coin. They make millions of dollars a week so they arent going out of business anytime soon. They are the Apple of the cryptomining world.

There is no way of it. Almost 100% of population likes free/easy money. So antminers gives us this, if you and me won't buy, then others will buy. If people would be together in bad moments, life wouldn't be like today + there wouldn't be word poor too.
I don't like their monopoly too, anything they touch gets destroyed and abandoned.

Forking to change algo's is probably the best way to slow this down.  Then watch how many more ASIC miners are quickly announced and come to market.  If Bitmain didn't do "hidden mining", there would be significantly less hate due to centralization and unethical practices concerns.

Bitcoin Cash is the real Monero!!!!! Er....

What about the Bitcoin Cash?

Monero will be what BTC supposed to be!

Super agree with a few parts of this:


The one only reason that can upset "The units for sale are being used or assembled from obsolete chips." Yeah, we can't control what people did, what people want. Let people do what they want, they (Bitmain) can create an ASICs that we can't; they were so great, agree? How if, we are the party that can do it (creating something, just like Bitmain do)?

Let's compare about one standard GPUs rig (six cards) and one ASIC (that equivalent / which work on the same algorithm)

- How much that both cost you?
- How about comparing both electricity needs?
- How about complexation?

I believe your answer would be different each. It will depend on your passion.

I am GPU miner, and I didn't interesting and buying ASICs (at least starting from my last ASIC [AnTminer S1] lol).

---

My warm advice:
Just Ignore what you have zero control over it! Focus on what you can do, what you can explore, what you can improve, what you can optimize. 

Bitmain being first to market on some things doesnt make them a monopoly. Most of you guys hear the crap spewed on this site against bitmain and think its all true.

I have been to Bitmains production facilities and mining areas. None of what people say on this site is true because they simply havent been there.

Stop believing all the BS you hear just because people like to bash on Bitmains success.

Its so hypocritical I laugh at it daily. Nearly everyone (99.5% at minimum) is motivated by greed to mine for a profit. The only reason they hate on bitmain is they are too broke to buy the products and profit for themselves.

Fine go back to complaining about Bitmain is a monopoly and do nothing about it.  Business as Usual

This is true, in fact Bitmain and Baikal, while not great, are not that bad if you consider some of the absolutely horrible companies that exist.  If you want to look at the bright side, it could be way worse....

That company is a pathetic example of an ideal asic producer. You should be ashamed of yourself for even possibly making someone think about them as a reputable company that delivers an adequate product and has customer's best interest as a priority. The only reason they were able to have any pull at all was the fact that they had connections to the development of a coin. Bitmain even stated on twitter that they might be offering people that purchased their siacoin miners a coupon. That doggie's tail (obelisk) is so far up its stomach it doesnt even post on twitter anymore.

Read the whole thread and everyone is missing big point here.  Problem isn't people buying the miners.  Bitmain has already made hundreds of them and are running them on their private farms.  The units for sale are used or assembled from obsolete chips.  We can stop buying them but they will simply keep them all rather than sell the scraps.

The moral here is that the miners already exist and are currently running regardless of how the community feels.

So you are suggesting we shouldn't invest in Bitcoin?

LOL at batch 5.  One of the main complaints about Bitmain is their seemingly non-stop production of batches of miners.  Obelisk isn't any better than Bitmain.  The Obelisk-SIA relationship is worse than anything antpool has done.

ASIC resistant algorithms are just the start. The hardest part is educating John Q Public on why they should invest in coins that utelize these ASIC resistant algo's.

Without education or information on why ASICs really go against the decentralized model companies will continue to develop and profit by buildng ASIC miners.

We will soon be seeing (by several individuals) the release of free bitstreams to build DIY-FPGA mining rigs with higher hash rates than GPU's, but the GPU's will still be viable.  Monero has the right idea, to fork away from ASIC's, although they can never fork away from FPGA's since FPGA's can be rapidly modified in software just like GPU's.  The FPGA's (once widely adopted) make ASIC development less profitable.  Since ASIC's have a 100x advantage over GPU's and only a 1.5 to 7x advantage over FPGA's, if a coin's hash rate is owned by DIY-FPGA miners, the profit from making an ASIC will be sketchy.  That, combined with coin owners constantly forking their algorithms away from ASIC's, is one method.

There is a better method that I will be pushing for at the same time that I release my own FPGA bitstreams, and that is for all coins to adopt dynamically changing algorithms like Timetravel10, X16R, X16S, X11Evo.  These can be mined by FPGA's and GPU's, but no ASIC can ever beat an FPGA on those algorithms, making them the only real 'ASIC-Proof' algorithms invented thus far.  The technical details of why that is the case are complicated.

If coins adopted those algorithms, they would never have to go through the trouble of 'forking' since no ASIC can beat a DIY-FPGA on those algorithms anyway.

This is impossible.
You can reach some of us with that way of thinking (it does make sense, if we stopped buying their miners they would go bankrupt) but you're never going to touch the actual masses of miners who just want to make a quick buck.

The only way to stop bitmain is what monero devs have done, brick/block them from using xmr network.  You trolls should never blame people or economics for that matter, blame the developers and only the developers.