Quote from: MedaR on May 21, 2018, 09:13:08 AM

Quote from: z0n0 on May 21, 2018, 07:42:45 AM

Can anyone pls comment on official ZEN statement on ASICs and changing algo to ASICs resistant, but in a short quick way.
whats the TLDR version?

Thanks.

Potential Equihash Algorithm Change Preparation

Modifying ZenCash to use Equihash-144-5 is doable, and the software development team has started identifying the specific work that would need to be done in order to create and test this change. It would be a Hard Fork change, and for optimal success of the Hard Fork, it would be best to implement such a proposed change as quickly as reasonably possible before too many ASIC miners take over the hashrate of ZenCash.

https://blog.zencash.com/zencash-statement-on-potential-equihash-algorithm-change/?utm_source=blog&utm_medium=social&utm_content=mining&utm_campaign=re+bitmain

I cannot agree more, MedaR.

This is a WISE decision, Sir. VERY WISE!!!

If ZEN were to wait to fork towards the end of the year, it would have been too late in my opinion. I was seriously thinking about selling my rigs and do nothing but trading. This announcement you've made has made me slow my roll and hang in there. I was about to get depressed after all this work I've done with my mining room.

ASIC's will still push a lot of GPU miners away from Equihash Algorithm coins that do not fork soon just as ZEN is doing. This will drive up the difficulty of other coins [Including ZEN] and push out GPU miners with high power rates. This COULD turn out to be a blessing in disguise for ZEN by pushing GPU miners over to ZEN from ZEC and other Equihash coins that do not fork soon.

This will still get messy for GPU miners. I kind of wish it was a coordinated effort by every Equihash coin out there except ZEC. As far as I'm concerned, ZEC can snuggle up to ASIC all they want. I'm DONE with them! Mainly because of Zooko. They can fork every day to maintain ASIC Resistance from this day forward. That's STILL not going to get me to go back.

Whenever ZEN gets around to making an announcement with a DATE OF A FORK, don't be surprised if we see 51% attack just before those dates. The alt-coin networks are about to get extremely vulnerable to BITMAIN if developers of Equihash coins do not get their act together like ZEN and allow BITMAIN to take control of their coins.

Thank you, ZEN, for being a leader and not a follower in regards to ASIC Resistance. Making the decision to jump on this as soon as possible will be great for ZEN and enlarge community. That's the goal...

EDIT: sharing a valid comment someone made in another forum:

Quote from: MagicSmoker on May 21, 2018, 03:29:46 PM

Also, Bitmain would most likely stick to mining the coin with the highest network hashrate with their ASICs - ie, ZEC in the case of Equihash - whereas the public will mine various coins, resulting in massive network hashrate increases for those smaller coins. See, for example, DERO with CryptoNight - it went from a pokey 5MH/s to eclipsing 600MH/s - yes, it's network hashrate exceeds that of ZEC (I consider CryptoNight and Equihash comparable because you can get roughly the same hashrate with the same hardware).