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fort3hlulz
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fort3hlulz
Does that look vaguely accurate for a calculation?
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fort3hlulz
Someone in another project is running some cross-algo numbers and came up with that for Monero with a little help
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jwinterm
seems reasonable
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fort3hlulz
While others prattled on about how ASIC-resistance is futile (but failed to produce any clear reason/evidence)
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fort3hlulz
Yeah it seemed within scope
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fort3hlulz
It's using a 3900X as a baseline
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jwinterm
I wouldn't say without clear reason
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jwinterm
there are arguments that were made on both sides
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fort3hlulz
I'm not saying there isn't truth to the statement
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fort3hlulz
Merely that they couldn't/wouldn't produce any clear backing for their statements
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jwinterm
I think simply saying that if/when randomx fails then it will be tweaked or swapped for sha3 inherently shows that this is kind of a more centralized and temporary approach
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jwinterm
I think that's pretty clear, and using facts that both sides probably agree about
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fort3hlulz
IMO switching to SHA3 would be the most decentralized and permanent approach if RandomX fails
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fort3hlulz
IDK how that would be centralized
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fort3hlulz
More attempts at ASIC-resistance would be centralizing, IMO, as the previous were
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fort3hlulz
That's why I'm also in the camp of "if RandomX fails move to SHA3/similar ASIC-friendly algo"
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jwinterm
I just think that with the way computer hardware and manufacturing have been advancing for decades, it is going to need to be tweaked or swapped
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jwinterm
so I think the simpler solution would have been to just go directly to sha3
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fort3hlulz
Yeah I guess that falls back to "when has RandomX failed" issue
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jwinterm
but...
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jwinterm
.shrug
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fort3hlulz
Because I guess small tweaks could be fine, but would easily fall back into scheduled changes...
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jwinterm
right
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fort3hlulz
Unless it was just an optimization/improvement
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fort3hlulz
But thats a fine line lol
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jwinterm
having a handful or less of people fiddling with proof-of-work in never ending game of cat-and-mouse seems less than fully decentralized
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fort3hlulz
Yup
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fort3hlulz
Absolutely agree
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gingeropolous
i dunno. If the situation arises where a heretofore unknown entity can create what is effectively a general purpose CPU that performs more efficiently than the existing competition, AND the mining of monero has a greater ROI than selling these hyper efficient CPUs to the world, then .....
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gingeropolous
i just think the playing field at that point is something that no one has imagined yet
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jwinterm
I don't think that necessarily is the case gingeropolous
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jwinterm
maybe it's just in a year or three when current gen fabs are not cutting edge anymore someone trims some fat and adds a bunch of cache and they can get 50% or 250% more efficiency
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jwinterm
then core team deliberates and makes announcement on whether or not changes will be forthcoming via their scribe rehrar and it just gives the appearance of centralization
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gingeropolous
so how much is it to license amd or intel stuff to make your own fat trimmed thingy?
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jwinterm
good q
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jwinterm
does arm still suck butthole?
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gingeropolous
for randomx?
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jwinterm
yes
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gingeropolous
i think its just a matter of cache
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jwinterm
I don't think you can really license x86 stuff if you want
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gingeropolous
i mean, in one sense, randomx may have done to cpu manufacturing what PoW in general has done to energy
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jwinterm
I think intel and amd like their duopoly
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gingeropolous
i.e., in energy, its now possible to store excess energy in the form of a cryptocurrency
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gingeropolous
because now there's always a demand for energy - bitcoin mining
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gingeropolous
same with cpu manufacturing. at some point, it may be realized that you can always churn out CPUs and call em Monero Miners if cpu demand in this or that sector is low
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gingeropolous
and then when its high, you just sell less "monero miners"
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gingeropolous
if monero mining becomes that profitable
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gingeropolous
so now there's a way to store excess CPU manufacturing ability in the form of cryptocurrency
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gingeropolous
if the tubes are pointed in the right directions
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jwinterm
if monero marketcap increases 100x or so
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niocbrrrrrr
if monero mining becomes that profitable <<>> but this again comes down to energy cost just like any other POW
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gingeropolous
but for now we're effectively protected by AMD and intel
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niocbrrrrrr
except my cpu can do other things besides mining
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niocbrrrrrr
it doesn't become a door stop
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gingeropolous
which is a helluva .... utilization of resources that have been re-purposed for goals not originally designed for
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gingeropolous
i mean, i guess in one sense, bitcoin asics was a similar repurposing.... of an unprecedented era in fabrication
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gingeropolous
i just don't think they had the knobs turned quite right. hopefully we do
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gingeropolous
thats what i don't get with the whole thing. like, we saw what happens with the ASIC path. bitcoin. and anyone thats come in the wake of that has been even worse for wear.
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jwinterm
honestly I don't think it's looking that bad for bitcoin
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jwinterm
there's five or six companies making asics, several of which are now publicly traded
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jwinterm
there's operations opening around the world at pretty large scale
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jwinterm
.shrug
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gingeropolous
yeah i still don't get that. still not gettin one at bestbuy anytime soon
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jwinterm
I guess I wouldn't buy a computer/monero miner there either
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gingeropolous
yeah, u woulnd't. but your neighbor 2 doors down that read about the bitcorns and then sees a bitcorn miner at his local costco might buy one
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gingeropolous
geet ya bitcorn err!
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gingeropolous
le sigh
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gingeropolous
dayum
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gingeropolous
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gingeropolous
250 MH/s
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hyc
That chart is nice, cost $33 per XMR ,and XMR is worth $60-ish, so 2:1 profit
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hyc
those 5-6 ASIC mfrs in bitcoin land are all going to consolidate, they're not all viable on their own
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hyc
there are other x86 companies. VIA is one. I think there's another licensee in China, can't recall the name
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hyc
and ARM is actually quite good at the computational part of RandomX. it just lacks in memory perf and cache, as ginger already noted
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hyc
I believe if you had an ARM-based chip with Ryzen-level memory controller and cache subsystem, it would slightly beat Ryzen efficiency
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hyc
as for SHA3, ASIC-friendliness - I think the track record is pretty clear, the cat'n'mouse game continues except more of it occurs in secret, which is overall detrimental to the ecosysstem
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hyc
all you ASIC-friendly advocates are basically shitheads who haven't learned from history
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hyc
the CPU game is no less competitive but more of it occurs in public. Intel and AMD present at conferences like ISSCC and brag about their latest designs
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hyc
ASIC designers generally keep trade secrets forever
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moneromooo
Intel bragging: "Our innovative new speculative execution system..."
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hyc
all this pro-ASIC stuff is antithetical to the open source nature of projects like Monero
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hyc
it makes a mockery of the principle of permissionless access to the technology
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hyc
...
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moneromooo
I dunno, I buy the idea that if it ever commoditized, it'd be a good thing.
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moneromooo
But that's long term.
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hyc
then that should be one of the conditions before pivoting to ASIC-friendliness. see how the Bitcoin ecosystem shakes out
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hyc
it will inevitably centralize back down to only 1 or 2 mfrs
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hyc
the only question will be how much time they spend self-mining before they release limited quantities of their miner to the public
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sech1
Maybe that 250 MH/s miner is AMD "testing" Zen 3?
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hyc
I guess it's not impossible
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sech1
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sech1
Has nothing to do with PoW though, just transaction checking
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hyc
raven reports burning 2.8M. out of 300M counterfeited coins. I guess it's a start
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sech1
291 MH/s
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gethh
its not ZEN3
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sech1
its a space station!
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gethh
rome can go 45kh
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gethh
single one,
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gethh
but thats still like 6500 nodes
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gethh
that would be around 50mln USD in hardware to propel such hashrate
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gethh