Baikal Giant-N cryptonight/cryptonight-lite ASIC.......
- Thread starter Klee
- Start date
Notice: Page may contain affiliate links for which we may earn a small commission through services like Amazon Affiliates or Skimlinks.
True that. I was reading a discussion on r/Monero earlier today (I can't quote it because reddit doesn't work at work); someone commented that the ASICs were probably placed in service in mid-Septemberish. Basically, the huge surge in difficulty equated to ~400,000 Vegas placed in service over about a month (basically impossible with the HBM shortages), or about 4000 of these units (totally doable for Baikal/Bitmain). Actually it wouldn't shock me if we find out later that the "botnets" were FUD spread by Baikal/Bitmain.
They also said that this proves that it's basically impossible to create an ASIC resistant algorithm. Give the ASIC makers 3-6 months and favorable economics, and sure enough they will make it. There are probably ASICs out there for equihash already (just we haven't heard about them).
All this to say, I've really soured on the entire concept of cryptocurrencies. 'Twas a great idea cooked up by some utopian dreamers, dashed on the hard rocks of reality.
But what happens to them if the algorithm changes? Do the ASIC's value go to near 0 for Monero? Will the difficulty drop like a rock?
Those are the major questions I think need answering.
Those are the major questions I think need answering.
Probably not, people will speculate that the difficulty will drop. And hit the living crap out of Monero with Nicehash to mine the dip. Probably not 500MH/s worth - but I highly doubt we will see difficulty drop to September levels.
My big question right now is that FPGA ASIC miners can be brought down by changes by Monero and any fork, but can server CPUs adjust to any changes and keep on mining?
That is the hope. I've heard Monero was going to just switch to the Equihash algorithm, which would pretty much kill CPU mining for all but the botnets. Plus there are probably already Equi ASICs out there that just haven't been "released" yet.
Depends on what the change is. Maybe the hard fork delay was to get one of these and ensure that the hard fork breaks the ASICs?
If Monero leaves, CN will be worthless.
Monero forks every six months. I think most of the time you download new wallets. Certainly in this case.
It's on reddit, and their github page. monero-project/monero
Also latest xmrig is already updated to new PoW change. xmrig/xmrig
what i would like to see is the following details.
Unit cost:
Lead Time from order:
Hash Rate and coins it can be used for:
Electric used while running:
Average monthly profits (using todays market value) vs electric used:
Not that i plan on getting any units, but it would be interesting to gather the data and compare it to other mining options.
Unit cost:
Lead Time from order:
Hash Rate and coins it can be used for:
Electric used while running:
Average monthly profits (using todays market value) vs electric used:
Not that i plan on getting any units, but it would be interesting to gather the data and compare it to other mining options.
...that are about to be some really expensive paperweights. How much you guys wanna bet he'll post an FS ad with an unlimited quantity available?
ill buy one for 5 dollars...that are about to be some really expensive paperweights. How much you guys wanna bet he'll post an FS ad with an unlimited quantity available?