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sech1
Interesting example of what ASIC producers can do these times during Corona. Handshake (HNS) coin was launched on Feb 3rd:
hnsxplorer.com/block/0
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sech1
ASIC already shipped to customer on Jun 9th:
youtube.com/watch?v=QxNsZ6WTI4o
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sech1
Their daily emission in $$$ is around 40% of XMR's
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sech1
Their algo is Blake2b + SHA3, so very simple to make an ASIC
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hyc
sounds like they just took low hanging fruit
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hyc
I just ordered something on amazon yesterday, it's shipping from China. won't get here till beginning of August.
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tevador
wowario[m]: wownero is going sha3?
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jwinterm
tevador, no, probably not
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jwinterm
definitely not for at least 9 months, and still probably not at all
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jwinterm
seems not very popular among the populace
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tevador
you would get raped by FPGAs immediately
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jwinterm
yea, I am kind of working with a hardware guy to see about producing an opensource FPGA implementation that would run on cheapish boards
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jwinterm
but there already a lot of those F1s floating around
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moneromooo
Is there an estimate about the degree of centralization regarding FPGAs ? ie, is there a known massive farm that can outmine everyone else, say ?
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tevador
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jwinterm
moneromooo, I don't really think so
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jwinterm
the amount of fpgas that are used to mine is probably a small fraction of the total amount capable of mining in the world
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jwinterm
probably more than CPUs and GPUs, but I would still guess far less than 0.1%
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jwinterm
it seems like the FPGAs that end up in "miner" FPGAs are always grey market
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moneromooo
Ouch. Even worse than monero :S
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jwinterm
which means they are labeled as being deprecated parts if they are still in stock and/or listed on a place like digikey
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moneromooo
Yeah, I'm not really interested in the "what if the entire world start mining" extreme. Just the plausible range.
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jwinterm
but apparently there is a huge market for these things if you are willing to go to Shenzen and buy in bulk
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tevador
the whole Aeon network is probably equal to one 1000 W ASIC
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moneromooo
Actually, extreme is also useful.
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jwinterm
well, if there was an open source implemenation that worked on a range, or at least a few, lower end parts the idea is that it would be accessible to many more people than those that purchased "miner" FPGAs
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moneromooo
Weird. That website says 100 of the last 100 blocks were found by two pools, yet they allegedly total ~ 7 TH/s and the network diff is at more than 12.
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jwinterm
according to these guys it is a 10B USD industry
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moneromooo
That's quite a change.
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jwinterm
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tevador
moneromooo: it's probably due to large hashrate fluctuations, i.e. some miners game the difficulty adjustment process
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tevador
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tevador
exactly the opposite of what everyone used to say
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jwinterm
yea, that does kind of turn the typical argument on its head tevador
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wowario[m]
tevador: going sha3 is not settled yet... depends on availability of open source hardware by next year
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wowario[m]
toned down randomx or equix/hashx still a possibility
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hyc
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hyc
they all seem to be in dire straits
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hyc
contrary to what people claim about commoditization driving competition and increasing consumer choices,
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hyc
it's all consolidating
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hyc
just to remind you that intentionally going ASIC-friendly is just cutting your own throat
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jwinterm
objectively that doesn't seem to be the case with bitcoin mining companies right at this moment
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jwinterm
there's two public companies now competing with bitmain, along with innosilicon
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jwinterm
and bitfury is supplying a public mining company in canada with hardware
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jwinterm
yes, none of them seem to be doing that great financially, but it is still a better situation than bitmain monopolizing the market for years
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jwinterm
it seems like bitmain is having its own struggles lately
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hyc
true, internal coup or something
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hyc
all the more reason to want to have nothing to do with any such companies