Re: Monero Fork in one day.. hash rate drop predictions ?

i switched about 90% of my hashpower yesterday from ETH to CryptonightV7 (via Nicehash) since it's so profitable.

reasons for using nicehash instead of monero directly.

1. simplicity is valuable to me, no need to manually trade
2. I try to only deal in coins supported by coinbase/GDAX. Since I'm US based, they're really the only exchange i trust.
3. NH pays me in BTC, which I trade straight to ETH for HODLing.
4. NH is still paying significantly more than mining ETH straight
5* (Bonus for everyone on cryptonightV7) Power use is about 30% lower than ETH! lower electric cost and lower heat all around

you can certainly make more mining Monero straight if you dont mind trading on second tier exchanges (IMO), and the little bit of extra work. Personally I'm more interested in the long term prospects of ETH so that's what im focused on holding and putting my efforts towards.

So you are supporting ETH - the coin that is going to leave gpu miners alone with asics and pos centralization. Rich become more rich ))

the E3 is a GPU based system IMO. the hash/watt ratio is clear as day that its GPU based and not a true ASIC. people are worried about nothing. if the devs fork, it will likely not have much impact as i bet the E3's can be updated to support it just as any other GPU system can.

ETH devs do not support ASICs, they are just calling Bitmains bluff.

IMO, bitmain wants a fork to happen, because it wouldn't affect the E3 and they know a second fork would not be acceptable to the community. so they want to fool the devs to forking, so they can develop a TRUE ASIC for the fork.

chess, not checkers

If E3 is GPU based system, it will not be so cheap. The RX 470 cost more than $300 each, 6 will cost more than $1800.

theres literally no proof any ETH ASIC even exists.

dont think too hard.

i said it's GPU based. not that they are using off the shelf GPUs from other manufacturers. they are likely using custom boards that they build themselves that more or less act similar to a GPU and has the same capabilities for mining. think closer to something like the mining cards available.

Bitmain has billions of dollars, factory manufacture connections, and the cheapest labor and electric costs in the world. it's totally reasonable to think they can buy/manufacture parts cheaply enough to sell this for $800, which may even be close to cost for them, since they bumped the price to 1800 to make more profit.