Topic: who bought bitmain Z9 will face a big issues now - page 4. (Read 4098 times)

Quote from: philipma1957 on May 08, 2018, 07:47:23 PM

I bet you can't give me one solid reason why using ASIC Is better for every one and not just the rich .

Because you have to spend $10k in hardware to match the hashrate of the z9?

Because this gives much cheaper access to mining than dedicated gpu rigs?

Because it uses 12x less power for the same hashrate as running on GPUs?

No more need for expensive power supplies and overprices graphics cards?

ASIC isnt a synonym for rich and it is exceptionally ignorant to think so when you do the math.

This machine would actually let people get in on altcoin mining at a fraction of the cost of a giant GPU rig that has 60+ failure points.

You wouldnt have to deal with buggy software, bad risers, and all the other things that keep GPU systems from having quality uptimes.

ASICs increase network speed. Increased network speed leads to a more secure network.

How many more reasons do you want? I can keep listing them.

60+

does it include every zip tie i used? does it include me slipping on the floor and grabbing the gpu rig and the pcie riser gets pulled?

keep listing them please...i want to learn more..

whoismoses

member

Activity: 247

Merit: 59

we wanted to fuck asic buyers hard so screw off you piece of shit asic miners. We lied on purpose to suck in morons to buy asics that we bricked . We don't need your stinking asics Cool

The Z9 was my first asic. I was ashamed to buy it, I still am. This is me coming out.

I am a long time GPU miner. I really enjoy mining and at this point can't justify buying more GPUs, especially nvidia cards, given their price. I had an itch and I scratched it. I've wanted to play with one.

I talked myself into buying it BECAUSE i knew there was some risk. I am pretty sure if there was no risk I would have not gotten it. I know, stupid... I figured there was some chance breaking even wouldn't be a walk in the park and that the overall experience wouldn't be worth it. I hope I was right and that it won't be. I am a cpu/gpu miner at heart. That might make me a loser, oh well.

ltcsprite

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Activity: 269

Merit: 101

Quote from: philipma1957 on May 08, 2018, 07:47:23 PM

zcash is laying a trap to fuck all those asic buyers hard once gear hits network that will commit with this announcement

we wanted to fuck asic buyers hard so screw off you piece of shit asic miners. We lied on purpose to suck in morons to buy asics that we bricked . We don't need your stinking asics Cool

Now between you and me I doubt this happens but there is zero liability from bitmain if it happens.

lol.

good lord.

norminorm

newbie

Activity: 75

Merit: 0

In life there are two sides right and wrong.
Nvidia and AMD right - Bitman wrong.
Why because there business model is bad.
If they do business like nvidia or AMD there will be not much to talk about.
I am for improvement in technology, but not this way.
You let the ONE company to control hash rate, some crypto coins (bitcoin cash and sia) and even known coin developers, shake there pants when they talk about Bitman, just not to offend them (ETH and ZEC) -what is this?

Crypto is not one company business.

Other then that, last year BTCZ run into problems, with one dev living the ship, all community did fundraiser to pay for websites, exchanges etc.
(I was top 10 coin holder and i give 10%) - WHERE WAS BITMAN? who they ever contribute to except screwing own customers with price gauging and sale of used equipment - this bad business practice.

BTW. i mine coins since 2011 and why, because is my HOBBY and i believe in Crypto/Blockchain.

ALSO ASK BITMAN monero XRO ASIC miners if they are happy with the purchase.

gotminer

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Activity: 644

Merit: 24

Quote from: fanatic26 on May 08, 2018, 07:05:15 PM

Quote from: fanatic26 on May 08, 2018, 07:07:47 PM

I bet you can't give me one solid reason why using ASIC Is better for every one and not just the rich .

Because you have to spend $10k in hardware to match the hashrate of the z9?

Because this gives much cheaper access to mining than dedicated gpu rigs?

Because it uses 12x less power for the same hashrate as running on GPUs?

No more need for expensive power supplies and overprices graphics cards?

ASIC isnt a synonym for rich and it is exceptionally ignorant to think so when you do the math.

This machine would actually let people get in on altcoin mining at a fraction of the cost of a giant GPU rig that has 60+ failure points.

You wouldnt have to deal with buggy software, bad risers, and all the other things that keep GPU systems from having quality uptimes.

ASICs increase network speed. Increased network speed leads to a more secure network.

How many more reasons do you want? I can keep listing them.

I agree with a lot of that. Big downside for a small time farms is risk failure, even if you are under warranty. You pay all shipping and other fees. You have to deal with shitty Chinese customer service practices, which is pretty much zero customer service. The only way they get away with that shit is because of their size and lack of relevant competition.

I've heard more than enough horror stories from bitmain customers, that I shy away. If they were to change their customer service practices to mimic what we're used to in the United States, I would be more open to buying from bitmain.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

zcash is laying a trap to fuck all those asic buyers hard once gear hits network that will commit with this announcement

we wanted to fuck asic buyers hard so screw off you piece of shit asic miners. We lied on purpose to suck in morons to buy asics that we bricked . We don't need your stinking asics Cool

Now between you and me I doubt this happens but there is zero liability from bitmain if it happens.

Sandal_Hat

full member

Activity: 462

Merit: 118

Maybe the trend will move towards asic manufacturers approaching coin devs and then making a partnership with them before releasing an asic for it.

If it is a win-win situation where profit is shared, I think they will be agreeable.

Bitmain should perhaps go approach zec devs asap? I would if I were bitmain. I wonder if they read these threads.

Or will we see a zec classic or Zec cash lol
Maybe we can also see eth cash haha

Perhaps, it is time for asic manufacturers and coin devs to operate on more friendly terms with each other rather than keep asking the other to fork off lol (pun intended)

Just my 2 cents.

Angelob

newbie

Activity: 9

Merit: 3

Bitmain site are now selling 50 units per order.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: Sandal_Hat on May 08, 2018, 06:49:07 PM

No. It is only 8 million.

https://bitinfocharts.com/comparison/zcash-difficulty.html
The calculator on wattomine also shows around 8 million. It is not difficult to take over a gpu coin by using asics.

You are linking a chart of DIFFICULTY when everyone else is talking about HASH RATE.

They are two wildly different things. I think you are confusing yourself. Either that or you dont understand how crypto works.

Hmmm u are right. My mistake. I googled the wrong things.
https://www.coinwarz.com/network-hashrate-charts/zcash-network-hashrate-chart
It is 412MH according to this.

1 Z9 mini = 10 kilo hash
1 Mega = 1,000 Kilo

1 Mega = 100 Z9 minis

412 MH = 41,200 Z9 minis to take over lol. Ok so it is not easy haha

Maybe asic manufacturers will make a programmable asic next so they can fork too. We will then pay leasing fees on the asic algo lol.

fanatic26

hero member

Activity: 756

Merit: 560

Quote from: Sandal_Hat on May 08, 2018, 06:49:07 PM

No. It is only 8 million.

https://bitinfocharts.com/comparison/zcash-difficulty.html
The calculator on wattomine also shows around 8 million. It is not difficult to take over a gpu coin by using asics.

You are linking a chart of DIFFICULTY when everyone else is talking about HASH RATE.

They are two wildly different things. I think you are confusing yourself. Either that or you dont understand how crypto works.

fanatic26

hero member

Activity: 756

Merit: 560

I bet you can't give me one solid reason why using ASIC Is better for every one and not just the rich .

Because you have to spend $10k in hardware to match the hashrate of the z9?

Because this gives much cheaper access to mining than dedicated gpu rigs?

Because it uses 12x less power for the same hashrate as running on GPUs?

No more need for expensive power supplies and overprices graphics cards?

ASIC isnt a synonym for rich and it is exceptionally ignorant to think so when you do the math.

This machine would actually let people get in on altcoin mining at a fraction of the cost of a giant GPU rig that has 60+ failure points.

You wouldnt have to deal with buggy software, bad risers, and all the other things that keep GPU systems from having quality uptimes.

ASICs increase network speed. Increased network speed leads to a more secure network.

How many more reasons do you want? I can keep listing them.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: ltcsprite on May 08, 2018, 09:39:21 AM

Quote from: toptek on May 08, 2018, 09:37:47 AM

who bought bitmain Z9 will face a big issues now

an i don't care if they do greed will do that so i hope they do .....

Why is it greedy to buy 1 ASIC and it's not greedy to buy 300 GPU's?

I can give you facts and a 1000 different reason why but I'm not gonna try because reasoning with some one who only see it one way with no open mind is useless.

I bet you can't give me one solid reason why using ASIC Is better for every one and not just the rich .

I'm not saying don't buy ASIC do buy it but don't promote shit that takes from others that gives nothing back in turn, all for control and power which is greed when they can share it so everyone benefits which we should all want . if you think the limit on how many you buy is because they care think again all they care about is the bottom line.

It is a waste of time trying to explain greed to the greedily

OK ? ....

Quote from: cost82el on May 08, 2018, 10:32:07 AM

Quote from: Sandal_Hat on May 08, 2018, 09:55:58 AM

Quote from: crypto-hype on May 07, 2018, 12:53:03 PM

BTCP (Bitcoin Private) Currently Rank #45 announced to fight the new Bitmain Equihash Miner!

https://twitter.com/bitcoinprivate/status/993509511364317190

Another good news, congratulations BTCP team

congratulations for what?

They are pitting GPU miners against Asic miners, in reality we should all be one community.

bitcoin private wont be in my portfolio.

Why do people to refuse to adopt better technologies? i'll never get it, only reason I see is people with money dumped into GPU's recently.

I'm tired of trying to explain, but let's go:

Devs wrote their whitepappers saying that they will be asic resistant, asic proof, they would change algo if needs

Bitmain and ALL Asics producers mined MONERO and dumped Asics to idiots because they knew of Monero FORK, look the hashrate of MONERO, it's disgusting this kind of behavior

They tried to sell used Asics as new

GPUs have 2 or 3 year warranty - Asics 180 days without refund

Not everyone can buy Asics, GPUs are easy to find and buy, everyone can join and make decentralization possible

Soon there will be only big farms with Asics, in a few hands

People like to say it's more efficient and will save energy, but remember Asics only mine one algo and when it's not profitable become a doorstep, GPUs when it's not profitable can be a part of PC gaming, office PC, and a lot of other uses

All stated above are FACTS.

As far as decentralization goes. Asics actually help decentralization more because they are far stronger.
U should be thankful that Bitcoin isnt secured by GPUs hashrate because if it was, bitmain or another asic manufacturer alone can create enough asic, and run it for themselves and control more than 51% of hashrate.

I mean look at ZEC now, it has wat 8.1 million hashrate? Thats weak. If bitmain wanted to, they can create 900 units Z9 miners, which gives 9 million hashrate. With that, they can control ZEC. Think about it.

So all those GPU coins now, u are actually not very secure.

However, I understand that GPU holders dont want to lose money. It isnt fair nor nice. I suggest u guys cut down on GPU mining going forward. Too much risk and also, the antminer E3 is out there lol. That is the key to whacking GPU mining to crap because ETH is 60+% of GPU mining.

where did you see 8.1 million sols? is 421 MH if im correct this is 421 millions sols/s

and the reason Bitmain won't balls to the wall it is because they know they don't know what may happen if we fight back and you can take on the big Crops an win.

Lol fight back. It is simply because bitmain isnt intending to damage/rob zec owners. They rather prefer to sell miners which is their work. Zec will be more secure after the asic take over. It actually helps decentralization. But everyone only cares for their own profit first of course. GPU owners will not want to mention this.

It isnt that difficult for an asic manufacturer to churn 1000 units and take over any non-asic coin. Bitmain sells around 2500 units per batch of new miners usually after all. I wonder if monero realizes this.

Maybe if a new asic manufacturer creates a new monero asic, produces a 1000 or enough of it to control monero, then, gpu coins would stop.forking. it isnt easy to do but clearly is very possible.

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: cost82el on May 08, 2018, 10:32:07 AM

Quote from: Sandal_Hat on May 08, 2018, 09:55:58 AM

Quote from: crypto-hype on May 07, 2018, 12:53:03 PM

BTCP (Bitcoin Private) Currently Rank #45 announced to fight the new Bitmain Equihash Miner!

https://twitter.com/bitcoinprivate/status/993509511364317190

Another good news, congratulations BTCP team

congratulations for what?

They are pitting GPU miners against Asic miners, in reality we should all be one community.

bitcoin private wont be in my portfolio.

Why do people to refuse to adopt better technologies? i'll never get it, only reason I see is people with money dumped into GPU's recently.

I'm tired of trying to explain, but let's go:

Devs wrote their whitepappers saying that they will be asic resistant, asic proof, they would change algo if needs

Bitmain and ALL Asics producers mined MONERO and dumped Asics to idiots because they knew of Monero FORK, look the hashrate of MONERO, it's disgusting this kind of behavior

They tried to sell used Asics as new

GPUs have 2 or 3 year warranty - Asics 180 days without refund

Not everyone can buy Asics, GPUs are easy to find and buy, everyone can join and make decentralization possible

Soon there will be only big farms with Asics, in a few hands

People like to say it's more efficient and will save energy, but remember Asics only mine one algo and when it's not profitable become a doorstep, GPUs when it's not profitable can be a part of PC gaming, office PC, and a lot of other uses

All stated above are FACTS.

As far as decentralization goes. Asics actually help decentralization more because they are far stronger.
U should be thankful that Bitcoin isnt secured by GPUs hashrate because if it was, bitmain or another asic manufacturer alone can create enough asic, and run it for themselves and control more than 51% of hashrate.

I mean look at ZEC now, it has wat 8.1 million hashrate? Thats weak. If bitmain wanted to, they can create 900 units Z9 miners, which gives 9 million hashrate. With that, they can control ZEC. Think about it.

So all those GPU coins now, u are actually not very secure.

However, I understand that GPU holders dont want to lose money. It isnt fair nor nice. I suggest u guys cut down on GPU mining going forward. Too much risk and also, the antminer E3 is out there lol. That is the key to whacking GPU mining to crap because ETH is 60+% of GPU mining.

where did you see 8.1 million sols? is 421 MH if im correct this is 421 millions sols/s

No. It is only 8 million.

https://bitinfocharts.com/comparison/zcash-difficulty.html
The calculator on wattomine also shows around 8 million. It is not difficult to take over a gpu coin by using asics.

toptek

legendary

Activity: 1274

Merit: 1000

Quote from: ltcsprite on May 08, 2018, 09:39:21 AM

Quote from: toptek on May 08, 2018, 09:37:47 AM

who bought bitmain Z9 will face a big issues now

an i don't care if they do greed will do that so i hope they do .....

Why is it greedy to buy 1 ASIC and it's not greedy to buy 300 GPU's?

I can give you facts and a 1000 different reason why but I'm not gonna try because reasoning with some one who only see it one way with no open mind is useless.

I bet you can't give me one solid reason why using ASIC Is better for every one and not just the rich .

I'm not saying don't buy ASIC do buy it but don't promote shit that takes from others that gives nothing back in turn, all for control and power which is greed when they can share it so everyone benefits which we should all want . if you think the limit on how many you buy is because they care think again all they care about is the bottom line.

It is a waste of time trying to explain greed to the greedily

OK ? ....

Quote from: cost82el on May 08, 2018, 10:32:07 AM

Quote from: Sandal_Hat on May 08, 2018, 09:55:58 AM

Quote from: crypto-hype on May 07, 2018, 12:53:03 PM

BTCP (Bitcoin Private) Currently Rank #45 announced to fight the new Bitmain Equihash Miner!

https://twitter.com/bitcoinprivate/status/993509511364317190

Another good news, congratulations BTCP team

congratulations for what?

They are pitting GPU miners against Asic miners, in reality we should all be one community.

bitcoin private wont be in my portfolio.

Why do people to refuse to adopt better technologies? i'll never get it, only reason I see is people with money dumped into GPU's recently.

I'm tired of trying to explain, but let's go:

Devs wrote their whitepappers saying that they will be asic resistant, asic proof, they would change algo if needs

Bitmain and ALL Asics producers mined MONERO and dumped Asics to idiots because they knew of Monero FORK, look the hashrate of MONERO, it's disgusting this kind of behavior

They tried to sell used Asics as new

GPUs have 2 or 3 year warranty - Asics 180 days without refund

Not everyone can buy Asics, GPUs are easy to find and buy, everyone can join and make decentralization possible

Soon there will be only big farms with Asics, in a few hands

People like to say it's more efficient and will save energy, but remember Asics only mine one algo and when it's not profitable become a doorstep, GPUs when it's not profitable can be a part of PC gaming, office PC, and a lot of other uses

All stated above are FACTS.

As far as decentralization goes. Asics actually help decentralization more because they are far stronger.
U should be thankful that Bitcoin isnt secured by GPUs hashrate because if it was, bitmain or another asic manufacturer alone can create enough asic, and run it for themselves and control more than 51% of hashrate.

I mean look at ZEC now, it has wat 8.1 million hashrate? Thats weak. If bitmain wanted to, they can create 900 units Z9 miners, which gives 9 million hashrate. With that, they can control ZEC. Think about it.

So all those GPU coins now, u are actually not very secure.

However, I understand that GPU holders dont want to lose money. It isnt fair nor nice. I suggest u guys cut down on GPU mining going forward. Too much risk and also, the antminer E3 is out there lol. That is the key to whacking GPU mining to crap because ETH is 60+% of GPU mining.

where did you see 8.1 million sols? is 421 MH if im correct this is 421 millions sols/s

and the reason Bitmain won't balls to the wall it is because they know they don't know what may happen if we fight back and you can take on the big Crops an win.

cost82el

newbie

Activity: 91

Merit: 0

Quote from: Sandal_Hat on May 08, 2018, 09:55:58 AM

Quote from: crypto-hype on May 07, 2018, 12:53:03 PM

BTCP (Bitcoin Private) Currently Rank #45 announced to fight the new Bitmain Equihash Miner!

https://twitter.com/bitcoinprivate/status/993509511364317190

Another good news, congratulations BTCP team

congratulations for what?

They are pitting GPU miners against Asic miners, in reality we should all be one community.

bitcoin private wont be in my portfolio.

Why do people to refuse to adopt better technologies? i'll never get it, only reason I see is people with money dumped into GPU's recently.

I'm tired of trying to explain, but let's go:

Devs wrote their whitepappers saying that they will be asic resistant, asic proof, they would change algo if needs

Bitmain and ALL Asics producers mined MONERO and dumped Asics to idiots because they knew of Monero FORK, look the hashrate of MONERO, it's disgusting this kind of behavior

They tried to sell used Asics as new

GPUs have 2 or 3 year warranty - Asics 180 days without refund

Not everyone can buy Asics, GPUs are easy to find and buy, everyone can join and make decentralization possible

Soon there will be only big farms with Asics, in a few hands

People like to say it's more efficient and will save energy, but remember Asics only mine one algo and when it's not profitable become a doorstep, GPUs when it's not profitable can be a part of PC gaming, office PC, and a lot of other uses

All stated above are FACTS.

As far as decentralization goes. Asics actually help decentralization more because they are far stronger.
U should be thankful that Bitcoin isnt secured by GPUs hashrate because if it was, bitmain or another asic manufacturer alone can create enough asic, and run it for themselves and control more than 51% of hashrate.

I mean look at ZEC now, it has wat 8.1 million hashrate? Thats weak. If bitmain wanted to, they can create 900 units Z9 miners, which gives 9 million hashrate. With that, they can control ZEC. Think about it.

So all those GPU coins now, u are actually not very secure.

However, I understand that GPU holders dont want to lose money. It isnt fair nor nice. I suggest u guys cut down on GPU mining going forward. Too much risk and also, the antminer E3 is out there lol. That is the key to whacking GPU mining to crap because ETH is 60+% of GPU mining.

where did you see 8.1 million sols? is 421 MH if im correct this is 421 millions sols/s

Iamtutut

full member

Activity: 1120

Merit: 131

Tell me how you can mine etash or cryptonote based coins with your same ASIC, and how you update it with a change in the algo.

Also tell me how you can brick a GPU with a fork.

Kalyst69

jr. member

Activity: 147

Merit: 1

Quote from: Iamtutut on May 08, 2018, 09:31:17 AM

Can you play a movie while displaying your OS and mining with an ASIC ?
A GPU is not an ASIC, and you know it.

You take the problem in the wrong way and don't understand. NVIDIA and AMD are using ASIC (an ASIC it's a chip, not the bitmain box) to treat some specifics tasks on their video cards. What we called an ASIC (Bitmain, Inno...) they are using only one ASIC dedicated to the mining task because they don't need sound, video, etc... ASICs are in a lot of electronic materials, in washing machines, TV, phones...

Sandal_Hat

full member

Activity: 462

Merit: 118

Quote from: crypto-hype on May 07, 2018, 12:53:03 PM

BTCP (Bitcoin Private) Currently Rank #45 announced to fight the new Bitmain Equihash Miner!

https://twitter.com/bitcoinprivate/status/993509511364317190

Another good news, congratulations BTCP team

congratulations for what?

They are pitting GPU miners against Asic miners, in reality we should all be one community.

bitcoin private wont be in my portfolio.

Why do people to refuse to adopt better technologies? i'll never get it, only reason I see is people with money dumped into GPU's recently.

I'm tired of trying to explain, but let's go:

Devs wrote their whitepappers saying that they will be asic resistant, asic proof, they would change algo if needs

Bitmain and ALL Asics producers mined MONERO and dumped Asics to idiots because they knew of Monero FORK, look the hashrate of MONERO, it's disgusting this kind of behavior

They tried to sell used Asics as new

GPUs have 2 or 3 year warranty - Asics 180 days without refund

Not everyone can buy Asics, GPUs are easy to find and buy, everyone can join and make decentralization possible

Soon there will be only big farms with Asics, in a few hands

People like to say it's more efficient and will save energy, but remember Asics only mine one algo and when it's not profitable become a doorstep, GPUs when it's not profitable can be a part of PC gaming, office PC, and a lot of other uses

All stated above are FACTS.

As far as decentralization goes. Asics actually help decentralization more because they are far stronger.
U should be thankful that Bitcoin isnt secured by GPUs hashrate because if it was, bitmain or another asic manufacturer alone can create enough asic, and run it for themselves and control more than 51% of hashrate.

I mean look at ZEC now, it has wat 8.1 million hashrate? Thats weak. If bitmain wanted to, they can create 900 units Z9 miners, which gives 9 million hashrate. With that, they can control ZEC. Think about it.

So all those GPU coins now, u are actually not very secure.

However, I understand that GPU holders dont want to lose money. It isnt fair nor nice. I suggest u guys cut down on GPU mining going forward. Too much risk and also, the antminer E3 is out there lol. That is the key to whacking GPU mining to crap because ETH is 60+% of GPU mining.

Iamtutut

full member

Activity: 1120

Merit: 131

Quote from: Kalyst69 on May 08, 2018, 09:41:42 AM

Quote from: Iamtutut on May 08, 2018, 09:31:17 AM

Writing this means you have no clue what you're writing about. Educate yourself in the first place.

ASIC means Application-specific integrated circuit and you have some ASICs on your graphics cards to treat some special tasks. On another way we are also talking about GPU ASIC quality.

Can you play a movie while displaying your OS and mining with an ASIC ?
A GPU is not an ASIC, and you know it.

Sandal_Hat

full member

Activity: 462

Merit: 118