Quote from: toptek on May 09, 2018, 12:39:32 AM

Quote from: Sandal_Hat on May 08, 2018, 10:53:58 PM

Quote from: toptek on May 08, 2018, 02:37:19 PM

Quote from: ltcsprite on May 08, 2018, 01:39:21 PM

Quote from: toptek on May 08, 2018, 01:37:47 PM

who bought bitmain Z9 will face a big issues now

an i don't care if they do greed will do that so i hope they do .....

Why is it greedy to buy 1 ASIC and it's not greedy to buy 300 GPU's?

I can give you facts and a 1000 different reason why but I'm not gonna try because reasoning with some one who only see it one way with no open mind is useless.

I bet you can't give me one solid reason why using ASIC Is better for every one and not just the rich .

I'm not saying don't buy ASIC do buy it but don't promote shit that takes from others that gives nothing back in turn, all for control and power which is greed when they can share it so everyone benefits which we should all want . if you think the limit on how many you buy is because they care think again all they care about is the bottom line.

It is a waste of time trying to explain greed to the greedily

OK ? ....

Quote from: cost82el on May 08, 2018, 02:32:07 PM

Quote from: Sandal_Hat on May 08, 2018, 01:55:58 PM

Quote from: rdluffy on May 07, 2018, 08:50:17 PM

Quote from: ltcsprite on May 07, 2018, 08:38:16 PM

Quote from: rdluffy on May 07, 2018, 07:52:22 PM

Quote from: crypto-hype on May 07, 2018, 04:53:03 PM

BTCP (Bitcoin Private) Currently Rank #45 announced to fight the new Bitmain Equihash Miner!

https://twitter.com/bitcoinprivate/status/993509511364317190

Another good news, congratulations BTCP team

congratulations for what?

They are pitting GPU miners against Asic miners, in reality we should all be one community.

bitcoin private wont be in my portfolio.

Why do people to refuse to adopt better technologies? i'll never get it, only reason I see is people with money dumped into GPU's recently.

I'm tired of trying to explain, but let's go:

Devs wrote their whitepappers saying that they will be asic resistant, asic proof, they would change algo if needs

Bitmain and ALL Asics producers mined MONERO and dumped Asics to idiots because they knew of Monero FORK, look the hashrate of MONERO, it's disgusting this kind of behavior

They tried to sell used Asics as new

GPUs have 2 or 3 year warranty - Asics 180 days without refund

Not everyone can buy Asics, GPUs are easy to find and buy, everyone can join and make decentralization possible

Soon there will be only big farms with Asics, in a few hands

People like to say it's more efficient and will save energy, but remember Asics only mine one algo and when it's not profitable become a doorstep, GPUs when it's not profitable can be a part of PC gaming, office PC, and a lot of other uses

All stated above are FACTS.

As far as decentralization goes. Asics actually help decentralization more because they are far stronger.
U should be thankful that Bitcoin isnt secured by GPUs hashrate because if it was, bitmain or another asic manufacturer alone can create enough asic, and run it for themselves and control more than 51% of hashrate.

I mean look at ZEC now, it has wat 8.1 million hashrate? Thats weak. If bitmain wanted to, they can create 900 units Z9 miners, which gives 9 million hashrate. With that, they can control ZEC. Think about it.

So all those GPU coins now, u are actually not very secure.

However, I understand that GPU holders dont want to lose money. It isnt fair nor nice. I suggest u guys cut down on GPU mining going forward. Too much risk and also, the antminer E3 is out there lol. That is the key to whacking GPU mining to crap because ETH is 60+% of GPU mining.

where did you see 8.1 million sols? is 421 MH if im correct this is 421 millions sols/s

and the reason Bitmain won't balls to the wall it is because they know they don't know what may happen if we fight back and you can take on the big Crops an win.

Lol fight back. It is simply because bitmain isnt intending to damage/rob zec owners. They rather prefer to sell miners which is their work. Zec will be more secure after the asic take over. It actually helps decentralization. But everyone only cares for their own profit first of course. GPU owners will not want to mention this.

It isnt that difficult for an asic manufacturer to churn 1000 units and take over any non-asic coin. Bitmain sells around 2500 units per batch of new miners usually after all. I wonder if monero realizes this.

Maybe if a new asic manufacturer creates a new monero asic, produces a 1000 or enough of it to control monero, then, gpu coins would stop.forking. it isnt easy to do but clearly is very possible.

like i said before now look you can buy 50 unit per buy sigh .. it's all about the bottom line as usually and fuck the rest . an don't think bitmain has any intention of helping or caring they don't . all crops no matter were they are will hurt for the Bucks ..

Maybe if a new asic manufacturer creates a new monero asic, produces a 1000 or enough of it to control monero, then, gpu coins would stop.forking. it isnt easy to do but clearly is very possible.
if they care like they claim they will keep fighting it .. and keep forking, it is easier to fork it then to make new ASIC hard ware to keep up with it ...not saying they won't try they will if there enough cash in it for them.

GPU mining won't die is my whole point an with the new Cards coming out who knows how much more it will do . it all costs . ASIC over time cost more and you need more to run over run it then with GPU . NOTICE I Said "OVERTIME" that's how bitmain works .

If E3 sells cheaper, say for 800 usd. Gpu will die. But if they drop price to 800 USD and that pushes Devs to fork eth. Then, it is another problem.

I forsee a few things possibilities occuring. Bitmain going to coin devs and try partnership, or they will make a programmable asic. Those are called FPGAs? So, dev fork away, the asic updates firmware and get the new algo working. They will still make normal asics on top of those programmable asics because normal asics are far cheaper I believe. And I am guessing the devs work fork away this time because if they fork away, the programmable asic catches them anyways. Or perhaps make an asic for every algo to the point coins cant fork, if that is possible.
Bitmain can probably design their own FPGA and manufacture it cheaper at scale.