Post
Topic
Board Mining (Altcoins)
Re: ETH network hashrate going to the moon!!!!
by
adaseb
on 19/09/2019, 04:58:52 UTC
Innosilicon just released a 500 mhs miner at 750 watts, no sure who is buying a it with progpow algo change.

Yes its pretty crazy how unfair the mining game is towards the ASICs. Basically most of my old RX series rigs were all RX 470 GPUs. And each rig used about 750 Watts, give or take. However each GPU peaked at 30MH/s, usually a little less. So my total hashrate was 180MH/s or so.

So if you compare it to the ASIC, its basically almost 3 times more efficient per watt than a GPU. Now this is why something like ProgPOW is important. Because if it had the same efficientcy then it would be fair and I wouldn't complain. However just like with BTC, the efficiencies will always increase and before we know it there will be ASICs which are 10 times more efficient, then 100 times, then 1000 times and eventually GPU miners will be completely out. This is pretty much to what happened with Bitcoin in 2012.