Summary.
FPGA is not workable when one asic controls 64% of GPU mining market.
Lets say u use FPGAs and they now control 20% of remaining market via 8 algos.
One asic will appear and easily cut it to 15%. They will take the major coin away again...
Your FPGA is basically an antminer S7 and when new asic appears, it gets "downgraded" to be an S5. More FPGAs/GPUs will also join in the crowd as u earn less. U may not even be able to be profitable once it gets downgraded to S5. Do note that difficulty increase does not lower profit, it lowers REVENUE. So, u may go negative on mining once it "downgrades to an S5". I strongly doubt it will work because the asics are far cheaper and too much more efficient and majority of the market is centered around a few big algos.
This is not yet including the biggest problem which the E3 that can mine eth, which controls 64% of the GPU. It can keep pushing more GPU mining power to the coins u are mining.
No point I keep repeating. I find it conceptually just a horrible idea.
Hope to see transparency in numbers and figures to brave souls those who attempt this project. Good luck people
FPGA is not workable when one asic controls 64% of GPU mining market.
Lets say u use FPGAs and they now control 20% of remaining market via 8 algos.
One asic will appear and easily cut it to 15%. They will take the major coin away again...
Your FPGA is basically an antminer S7 and when new asic appears, it gets "downgraded" to be an S5. More FPGAs/GPUs will also join in the crowd as u earn less. U may not even be able to be profitable once it gets downgraded to S5. Do note that difficulty increase does not lower profit, it lowers REVENUE. So, u may go negative on mining once it "downgrades to an S5". I strongly doubt it will work because the asics are far cheaper and too much more efficient and majority of the market is centered around a few big algos.
This is not yet including the biggest problem which the E3 that can mine eth, which controls 64% of the GPU. It can keep pushing more GPU mining power to the coins u are mining.
No point I keep repeating. I find it conceptually just a horrible idea.
Hope to see transparency in numbers and figures to brave souls those who attempt this project. Good luck people
you keep harping on the e3 and sha256 stuff. those are done deals, no ones gonna use a fpga to mine those (or at least long term) thats not why we (or i) would go with this. there are enough non asic algos to make it profitable. part of the fpga strategy us using its reprogramability to move among different algos. basically what gpu miner do now.
also i envision we could, if needed, put bounty programs up to get new bitstreams up faster.
Those are done but the impact hasnt been felt yet. It will have some impact later and more over time. If u understand, u would sell all your GPUs lol.
Nope, it is a fools play. U still have the thinking as long as I have some non-asic coin to mine, i win. Not at all. When more and more of the GPUs push difficulty of those coins u are mining up, u will make a trickle of profit per month on your fpga or possibly nothing. I guess u will realize why most crypto manufacturers dont take this step from the get go.
Post your purchase and hashrate perhaps and keep this thread update.