Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - zkSNARKs 21b max POW-Equihash No-Premine No-Dev Tax
by
brooklynite1
on 05/04/2018, 00:01:27 UTC
For about one hour is it possible to purchase ASIC miners to mine Ethash coins as ETH.
905 USD include PSU to mine with 180 MH/s and 800 W power usage, delivery in July 2018.

As soon as the first badge is in the market we will see that Equihash difficulty will increase
because many GPU miners of ETH will move from Ethash coin to Equihash coins like BTCZ.

https://shop.bitmain.com/product/detail?pid=00020180403174908564M8dMJKtz06B7

Looks like Vitalik Buterin gets a problem ... "ETH is ASIC resistant" is now history.


A few points:

1) BTCZ is Equihash, not Ethash.
2) $1000 (with PSU) for 180Mhs at 800w is not that good to be honest. Yes, the equivalent Mhs GPU setup would be around double the cost but the risk of the ASIC becoming a brick from forking is huge. I know there are other Ethash coins but still, I don't look at this ASIC and get excited to buy one. I prefer the flexibility of GPU's. Also, Antminers are really, really noisy machines so really, only farms are going to buy this product and if you're a farm owner would you take the risk knowing that ETH could fork? I wouldn't.
3) Mining BTCZ has been more profitable than mining ETH for a very long time.
4) If we have new miners come onboard then it's all good - the coin gets more exposure and growth. There is enough BTCZ supply for everyone to have a slice.

Seahawk,
thank you for the correction. Have changed it in my post.


Those Bitmain ASIC miners will ship right when they are not going to ROI even themselves. If you had them in hand now, they would make $100/mo > $75/mo in May $50/mo in June $40/mo > July and so on. So in 12 months they would make about $400 which after electricity is somewhere between $0 in California to $200 in China.

But you wont get them now, you will gwet them in July so you start at $50/mo.

ASICs are great only for Bitmain. If they were profitable they would NEVER sell them to you. They mine with them in cleanrooms and ship exactly when they are pretty much trash. Manufacturers have done this with every generation starting with SB miners. They only ship AFTER they are no longer profitable. Ever wondered why they are always "presold" in non refundable ways?