Amd’s chris hook confirmed moving to intel page 2 guru3d forums electricity jewels

Click to expand…That’s correct, but there is a large amount of people who mine and place value in cryptocurrencies which aren’t associated with crime. Crytpo currencies have no intrinsic value, if major governments ban it, people will stop believing it has value, and its market value will go down. When the Chinese government was merely discussing the possibility of banning mining the value of most coins took a dive.

If governments want to crack down on miners, it’s a lot easier done than you think. Even in Canada they investigate households based on electricity usage, to make sure no one is making any money growing anything the Canadian government deems not good for cigarette companies, such as weed. They investigated my mother because her electricity usage was higher than normal due to using salon appliances like hair dryers which are high wattage. Someone should have told those morons that professional quality (hand held) hair dryers tend to start at 1800 watts (and large ones take crap tons more), then again, that probably wouldn’t change any of their policies.

Click to expand…Most of the ASICs on that list are for algorithms / coins which are fairly obscure (I’ve never even heard of Tensority algorithm until now). Most of the big coins use algorithms which are still mostly mined with GPUs, such as Ethash (Ethereum), CryptoNightV7 (Monero), neoscrypt (Feathercoin), Lyra2REv2 (Verge) and equihash (ZCash). The biggest one of course is Ethash/DaggerHashimoto which is still dominated by GPUs, regardless of what Bitmain’s E3 does.

In fact, what the E3 demonstrated is that it is extremely difficult to create an efficient ASIC for something like Ethash due to the memory requirements. Bitcoin ASICs were successful because they just needed to pack as many ASIC chips as possible onto a board but you cannot do that with Ethash. The Monero dev team also made it very clear that they can make ASICs into paperweight pretty easily so it’s unlikely that companies like Bitmain will try to create another one.

You seem to believe that this some kind of renaissance for ASICs which is making GPUs unprofitable, but I just don’t see it (and I actually do some mining). The two biggest threats was the Monero and Ethereum miners, since these are major coins with a large market cap, but they both essentially failed.

Most of the ASICs on that list are for algorithms / coins which are fairly obscure (I’ve never even heard of Tensority algorithm until now). Most of the big coins use algorithms which are still mostly mined with GPUs, such as Ethash (Ethereum), CryptoNightV7 (Monero), neoscrypt (Feathercoin), Lyra2REv2 (Verge) and equihash (ZCash). The biggest one of course is Ethash/DaggerHashimoto which is still dominated by GPUs, regardless of what Bitmain’s E3 does.

In fact, what the E3 demonstrated is that it is extremely difficult to create an efficient ASIC for something like Ethash due to the memory requirements. Bitcoin ASICs were successful because they just needed to pack as many ASIC chips as possible onto a board but you cannot do that with Ethash. The Monero dev team also made it very clear that they can make ASICs into paperweight pretty easily so it’s unlikely that companies like Bitmain will try to create another one.

You seem to believe that this some kind of renaissance for ASICs which is making GPUs unprofitable, but I just don’t see it (and I actually do some mining). The two biggest threats was the Monero and Ethereum miners, since these are major coins with a large market cap, but they both essentially failed.