Quote from: heavyarms1912 on May 05, 2018, 02:09:23 AM

Quote from: NetfetMiningCompany on May 05, 2018, 01:52:44 AM

Quote from: heavyarms1912 on May 05, 2018, 01:44:34 AM

Quote from: NetfetMiningCompany on May 05, 2018, 12:18:20 AM

Cant stop evolution. ASIC are made for mining. More companies just need to get involved to make the products affordable. GPUs are crap to use for mining. Im constantly RMA'ing cards in large amounts. 7 this week alone. They ALWAYS break. Sucks if you have a big operation. What are people going to do. Fork every time a new ASIC comes out? This fight against them is unrealistic and petty. Companies need to embrace the tech, and solidify networks with better machines. The most vocal are the smaller miners. Sorry....People with money will run the industry. Dont hate a computer because a monopolizing company. You just look stupid hating an inanimate object thats just a calculator. When you can buy asics for the price/availability of GPUs, EVERYONE will use them. Anyone who is serious about mining will switch. Anyone who says they wont, are full of crap. GPUs need to be replaced. Texas Instruments are pioneers in this industry. Its funny, people talk crap about how bitcoin tech is old and useless, while GPUs are getting the same way. People are using power sucking AMD 2 series cards for mining FFS. ASIC will be the future. All algos will have chips. Its natural computer evolution. It happens to EVERY computer. If anyone denies this fact, they are clearly not as smart as they are making themselves out to be. GPUs were a nice bandaid. Not a resolution.

what makes you think the ASIC you buy from Bitmain is any better in component quality?
You're missing one of the core feature of a crypto currency => decentralization.
ASIC might be affordable now but in few years the only ASICs manufactured will cost USD 20k => decentralization, hands down and soon you'll have only big corps controlling your crypto.

Quote from: grchina on May 04, 2018, 11:02:19 PM

Anyone have some idea how the hell is bitmain made first ethereum asic and now for equihash,did they make some new chip that can be reprogramed?Yeah i get it that they made a lot of money last year and that can spend it on devs but i am more interested if there is new chip because it can probably be used on most algos and kill gpu mining Undecided

Also good luck to those who got in on the first batch

ASICs are not reprogrammable only FPGAs are.

Things arent as decentralized as you think they are. The flaw in this argument is that people with money still own GPU warehouses, also causing this issue. All of the GPU coins have the same type of facilities as ASIC coin operations. There is literally no difference between the two. Peole with money, and the GPU mining pools own the hash. Pools literally tell people to stop mining on their pools to spread hashrate. The only issue here is a monopoly. Or just being a "cool kid" and not really understanding the issue. Do you not realize that GPU mining pools are causing the same problem? 3/4 of suprnova are GPU coins and they dominate networks. So how is suprnova different then bitmain as far as hashrate superiority?

A GPU is limited in hashing capability. Also, there is a limit to which how many GPUs one can run in a warehouse. storage space, cooling requirements, power, maintenance costs all add up.
Even if a big corp owns multiple data centers they can't outrun millions of GPUs mining from a desktop/small rig
Regarding pools; they dominate networks because of the users of the pool. But that dominance can be changed by users compared to big corps controlling stuff.

Quote from: ltcsprite on May 05, 2018, 02:02:46 AM

Watchew talkin' bout willis? 80 percent of people who spend 2K to build a mining rig cant spend 2K on an Asic?

Idk guy. Bitmain isn't the only Asic producer.

Let's not be so douchey. Cool

We're all in this together, Makaveli.

Check on pricing of the cryptonight ASIC miner. 12k was the markup price. Now it's 2k. If the coins didn't fork do you think they would've reduced the price?
Sure you get 220kH/s for 12k but this could also be 220kH/s for 60k? Now how many would be able to shell out 60k if that was the only option available as an ASIC?

That's pure speculation. I can't predict how many people would cough up 60K for an Asic. Certainly not me.

I don't think GPU mining will die soon, but they will be at disadvantage for some time to come, it seems.