Quote from: yrk1957 on May 09, 2018, 12:46:06 PM

Quote from: cryptomined on May 09, 2018, 04:12:45 AM

ZCash has released this statement: https://z.cash.foundation/blog/statement-on-asics/

"Board member Andrew Miller is planning to create a proposal through the grants program to convene a Technical Advisory Board to provide scientifically grounded inputs into this decision."

"Based on continued community approval and the results of our investigation above, we have a rough goal of developing and submitting a mitigation plan through the ZIP process, targeting a deployment in late 2018."

In the age of Uber, they will take a good year to sort this out. Just WOW!!

Edit: In case they have doubts on ASIC capabilities, here's one doing 40K:

https://www.asicminervalue.com/miners/asicminer/equihash-40k

Good luck!

yeah right... it will take them near a year to probably impliment any change, and they know damn well that by then no GPU miners will be left or care. most will have either liquidated or if they have mined out the time, they will be more happy to stick with an algo that has supported them the entire time.. not one that drops them and expects them to pick it back up again...

it is all obviously excuses from zcash... nothing more... BTCP, BTG, BitcoinZ all stating they will address this right away...

with ZCash evolving 0% in 1.5 years... they can afford to put a hold on their precious sapling upgrade and address the issue that those who supported their network growth over the last 1.5 years are getting thrown in a ditch..

so obviously they dont care and are really only in this for the money, Not the community.

which really leads me to wonder if their was any collusion between bitmain and zooko... people have asked for over a month if zooko has been in contact with any asic companies without getting an answer from zooko... and bam asics come out..

also bitmain wouldn't produce 100,000's of these units AND not put a disclaimer that a change in the algo is a risk (like they did with the ETH miner) unless they were certain there would not be an algo change... at 50 units per customer, i would bet they made 300,000+ Z9 units to sell to the public... expect a massive increase in difficulty over the next2-3 months and expect all GPUs to be forced off the network.

there is also a conspiracy floating around that the sapling upgrade made zcash more susceptible to ASICs - which I do not know the exact details about... but.. heh.. with the timing, i would again not be surprised if bitmain knew this and played right into it... if tipped off/collusion I cant say for sure... but it begs the question...

that being said, I knew from zookos comments earler, especially his early april comments, that if an ASIC came out, that they would not do anything to get rid of them ... i lost all respect for ZCash at that time and im proud to have gotten the boot from their forums. I can consider that to be the ethical thing to do at this point.