Post
Topic
Board Speculation (Altcoins)
Re: Is the release of a new ASIC for mining Eth a good thing for its price?
by
toptek
on 30/03/2018, 22:21:25 UTC
No because those ASIC miners will be useless by December, 2018. Ethereum will be switching to their new PoS system called Casper, remember?

It will also be a losing investment by Bitmain and the rest of the ETH ASIC producers, if you ask me.

I doubt about the news there will be asic miner for eth. Ethereum as far as i know is asic proof because of DAG. But if someone created asoc miner for ethereum it will be obsolete or no one want to buy it. Because people will choose staking their ethereum then mining it.

If such ASIC would be created, which would be good for ETH, it would be loaded with RAM and DRAM.
But not only ETH uses memory intensive mining, so I dont think the investment into such ASIC would be a bad idea.
Even if ETH would switch to PoS, there are other coins to be mined with such an asic, like:
VTC, ETH, XMR, GRS, FTC, AEON, Zencash, Btcz, DMD, NAV, and might be others (these are the ones I found).
While it is true, that ETH might switch to PoS, but there are plenty of other options to mine with a memory-stuffed ASIC.

Note: I only found one rig, Bitmain F3 ASIC Miner, it will come out in 2018 Q2.

Please explain how Destroying mining is a good thing ....? ....  I'm willing to bet your reply is like the Republican's reply here in the US for healthcare , schools etc which is not good for any one but them or your self , ASIC miner will always be bad unless they lower the price of the miners an share the wealth So everyone can enjoy it, there is plenty to go around,they make more money then they will ever need or use in a life time .......