What's the difference between an asic and someone with a mining farm of gpus?

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

Quote from: Digital Drug Lord on March 18, 2018, 10:08:11 AM

Asic will kill the amd cryptonight coins for sure

And It happens now.

Quote from: Digital Drug Lord on March 18, 2018, 08:15:47 AM

Plus you have nice hash which is worse then an asic

Nicehash limited to rent time periods, and it's no big deal for miners with a physical device. Like mentioned above, Nicehash is an Hashrate marketplace only. Renter will rent the Hashrate for a short period, it because they will soon to know profit or loss they get.

Digital Drug Lord

member

Activity: 308

Merit: 12

Quote from: Proton2233 on March 18, 2018, 10:00:45 AM

Quote from: Digital Drug Lord on March 18, 2018, 08:15:47 AM

Everyone says Asics ruin everything but an asic cost as much as a mining rig.

The asic can only mine 1 algo while the gpu farm can mine many

Plus you have nice hash which is worse then an asic

It was not until recently. Now when Bitman and Baykal made a statement about what they produce asics for the algorithm cryptonight this can be a problem for all owners of the GPU. A huge number of coins will raise the complexity of the network and we will have to wait for the appearance of forks protected from asics or the emergence of new coins.

Asic will kill the amd cryptonight coins for sure

Proton2233

sr. member

Activity: 434

Merit: 252

Quote from: Digital Drug Lord on March 18, 2018, 08:15:47 AM

Everyone says Asics ruin everything but an asic cost as much as a mining rig.

The asic can only mine 1 algo while the gpu farm can mine many

Plus you have nice hash which is worse then an asic

It was not until recently. Now when Bitman and Baykal made a statement about what they produce asics for the algorithm cryptonight this can be a problem for all owners of the GPU. A huge number of coins will raise the complexity of the network and we will have to wait for the appearance of forks protected from asics or the emergence of new coins.

yrk1957

member

Activity: 531

Merit: 29

Quote from: Digital Drug Lord on March 18, 2018, 08:15:47 AM

Everyone says Asics ruin everything but an asic cost as much as a mining rig.

The asic can only mine 1 algo while the gpu farm can mine many

Plus you have nice hash which is worse then an asic

ASICs are not on the same scale as GPUs. You could probably replace a 100 AMD Vega GPU farm with 30 Baikal cryptonite ASICs, they would occupy similar physical space, consume similar power, but have a hash rate 3000 times the 100 GPUs.

And Nicehash is not single owner operation, it’s a marketplace where many buyers and sellers deal.

Digital Drug Lord

member

Activity: 308

Merit: 12

Everyone says Asics ruin everything but an asic cost as much as a mining rig.

The asic can only mine 1 algo while the gpu farm can mine many

Plus you have nice hash which is worse then an asic

Topic: What's the difference between an asic and someone with a mining farm of gpus? (Read 158 times)