Post
Topic
Board Mining (Altcoins)
Re: [OS] nvOC easy-to-use Linux Nvidia Mining vBASIC || Community Edition 2.0
by
Stubo
on 04/05/2018, 10:49:34 UTC
Bad news about Equihash  :

Bitmain launch Equihash ASIC this day. 10 KSol/s consumming only 300W !

What do you think about this ASIC ?

https://shop.bitmain.com/product/detail?pid=00020180503154806494uGcSyiu806FD

I said that I do not come to promote them, I did not buy ASIC but it is quite clear that this case will pose a huge problem. Much worse than that of the ETH miner of the same company.

Only the Monéro community reacted in opposition to the bitmain ASICS. I simply wish to have your opinion on this issue which may make GPU mining obsolete on this algorithm rather quickly.

At this rate, only Neoscrypt and Cryptonight V7 will remain to be mined via CPU and GPU. Not a good deal for decentralization as a cryptocurrency target.


One rig 22mhX6 for 132MH drawing 680w VS 10Kh @300W is going to be a threat?   Where?
 Oh and each unit does cost 2K and you can only have one for now. Hmmmmm.
thay


The scary thing is that they are not sold out yet and it has been about 20 hours since they went on sale. This tells me that they must be selling a very large quantity. We all know that that the difficulty for equihash based coins will go way up when they start coming online in mid to late June, but I wonder about the prices of those coins short, mid and long term. I have several of them that I am "hodling" so this really casts a shadow of unknown on the best time to unload them.

As for how to react now, I suppose the best course of action is to read up on coins that we care about to see if there are any plans to change the algo to "asic proof" them. Also, try to find coins that can be mined with nvidia GPUs that are already asic proof like RVN.

Just my 2 cents...