C33 requirements for GPU memory?

Mining
43

https://www.schneier.com/blog/archives/2007/11/the_strange_sto.html

44

That’s a fantasy land that still hasn’t come true for bitcoin . I dislike this argument because it assumes everything will be fine until then.

Even with bitcoin there’s only 2 manufactures that are comparable. Bitmain and Pangolin

Both have machines that put out roughly 110TH @3300w.

Biggest problem is there is only Chinese manufactures which means we don’t see many machines stateside (ETH gen 2 just released state side after 2 years. Gen 3 is never released)

The ones we do get are taxed an extra 27.5% due to tarrifs. It’s no wonder people don’t like ASICS. There’s nothing fair about them.

We get old, taxes machine that can’t compete. With GPU you buy the latest model and have competitive power rates and you are good to go.

With ASICS you need to have an in to the industry. Take grin for instance, rumor has it that there ARE ASICS mining c31 as we speak. Look at the hashrate compared to c32 or c29. Something isn’t “right.”

So we don’t even have the ability to mine grin with ASICS since they aren’t for sale. How is that fair mining? You don’t get adoption that way. You get mining cartels like bitcoin and ether.

Also, yes prowpog and randomx will get ASICS in the future. That isn’t the point. The point of these algorithm are to keep normal people on par with asic manufactures. So when ASICS do come they perform like commodity hardware.

4 Likes
45

So there were 1-5 Mgps hashrates…Were they Asic and thats why price going down consistently?

1 Like
46

Price Zcash showed what will be with coin when developer take money from developers of the asics.

1 Like
48

Case and point re renting GPUs:

If no ASICs are developed for Grin then it’s only a matter of time until we fall victim to a 51% attack from cute little rented GPUs :smiling_face_with_three_hearts:

49

And what happens if ASICs are developed and not distributed

50

Then mining would be pretty centralized.

1 Like
51

so if this algo is %77 asic friendly,do you think any asic now mining?

52

Yes that’s what. Hope if ASICs are made for Grin, made in at least 3 -4 different countries and distributed globaly.

1 Like
53

There is zero evidence of ASICs mining. There’s not been any noticeable increase in graph rate or any noticeable decline in GPU mining profitability.

4 Likes
54

then do you expect asic until 2021 hardfork? i just didnt get the point.if we are %77 asic friendly,where is those friends?)

really i am confused about this…didnt understand the logic.

55

There’s nothing to expect, only to hope that once ASICs are created it won’t take too long until they are sold publicly.

56

It just means 77% of rewards go to Cuckatoo32, which is ASIC friendly.

It may be the simplest possible PoW that needs 1GB memory (at least half of which SRAM) for optimal solving efficiency.

1 Like
57

This would not be feasible at all for the manufacturer.

58

Why not if they get single buyer or a single buyer orders and takes all the asics from a manufacturer

59

Because it would really hurt the project that Grin is. Such an entity would be as Tromp said really centralized, the opposed of what Grin is trying to be. Besides that they most likely will own 51% < of the hashrate which also creates a lot of liabilities. Nevertheless the privacy it self could be harmed if that entity owns so much of the hashrate. As then you are pretty much in a honeypot. I can think of a number of reasons why this is bad. In all cases it will lead to a true exodus of Grin (100% that I am not around anymore) and the only thing that most likely remains is the manufacturer and his claimed/seized/stolen blockchain. Which is needless to say more worthless then bsv.

2 Likes
60

An entity can have majority hashrate and keep that fact hidden, to a certain extant. So you might still be around when that happens because you wouldn’t be able to tell.

1 Like
61

At various points throughout any given day, there is >51% of hash rate available for rent via Niceash. So a malicious entity could purchase it today and attack the network. It’s more likely that a 51% attack would occur today than if there was a centralized entity mining on ASICs- The entity with the ASICs will want to maximize profits, by mining themselves, and then selling to retail. It’s far less likely they would look to attack the network since it could potentially hurt their profitability- They would be biting the hand that feeds them since they can’t just switch to another algo. If their goal was to 51% attack the network then they could already do that today without having to invest 10-20 million into a batch of C32 ASIC’s.

GPUs are like sex workers. $ for hire.

1 Like
62

Sorry but it hurts don’t insult like this, it is these GPUs (community) who is building the base. Asics may come in future thats different…

1 Like
63

I agree, but my statement was not about the current state and vulnerabilities that come with that for Grin. It is just like you say I don’t see one manufacturer holding all ASICs. It would be stupid.

And if GPU’s are like sex workers ASICS are true porn stars.

1 Like