Quote from: suchmoon on May 04, 2018, 01:58:47 PM

Quote from: Sandal_Hat on May 04, 2018, 01:21:42 PM

Quote from: suchmoon on May 04, 2018, 12:46:29 PM

Quote from: Sandal_Hat on May 04, 2018, 09:28:48 AM

With 5 asics appearing so far this year to take down 5 gpu coins, it seems they can create a new asic every 30 days now. Thus, it is possible that 90+% of future coins are asic coins.

That's not true. They can release a new ASIC every month only because they started developing them last year. A new algo is safe from ASIC for 6-8 months. Some coins (Monero IIRC) have plans to fork every 6 months. Just the threat of that is enough to deter ASIC development for that algo.

It does not matter if new algo is safe for 6-8 months. Difficulty is CONNECTED.

An OLD ALGO gets taken over by asic and all the GPU/FPGA miners on that old algo have to go to your new algo coin. Difficulty of new algo go up. Now, the new algo u are mining makes very little, if any. Lets say the old algo has 5-10% of total GPU mining power. The new smaller algo only have 2-3% of old mining power. Wat do u think happens when huge mining power (2-3 times more) moves to the new smaller algo? The new algo coin becomes worthless to mine. The old algo coin that gets taken over will be a bigger coin with more mining power. Asics always target the bigger coin

That is why GPUs have been losing market share and thus, are now easier to buy than before. What u are doing with FPGA is just making another GPU lol. A few algos control the GPU market. Thus, a few asics control the gpu mining market.

I guess u people just have too much feelings or something. I bid u god luck anyways. All the best.

No, it looks like you have strong feelings on this subject

Most other posters have a much more pragmatic approach. I've been mining with GPUs and ASICs so I'm quite sure I have a fairly good grasp on how this works. You're dismissing a lot of variables - power consumption, density, forks, exchange rates, etc. BTW the best time to be a GPU miner was when there were cheap GPUs flooding eBay.

I dont have such feelings lol. This is kinda obvious. Bitcoin + mining is a small portion of my assets. Just because it works before doesnt mean it works always. It is human nature to be resistance to change though.

Those GPUs will be there because it is not profitable to use them. Ok then, I guess it is time to put your money where your mouth is.
Perhaps update the cost and hashrate when u buy and program these FPGA then and the profits lol. Lets see.