ASIC miner could kill GPU mining by famunger

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mining · @famunger · Feb 16 '18

$33.74

ASIC miner could kill GPU mining

Memory hard hashing algorithm were considered a way to avoid asics mining take over - the basis for GPU mining.

It seems now that Bitmain has found a way how to go around this and is seriously on track producing "ethereum" miner who could put GPU miners out of business like immediately. 200 Mh/s for around 3'000 USD would be a great price / performance ratio and might even be better as soon as things are going.
![download.jpg](https://steemitimages.com/DQmSBNNUDwmUVW64vF4uwcVVqBJkTEywsYWa5vLGVCgXBvW/download.jpg)

Have you heard about that already? What is your opinion on this news?

Links:
[News](https://www.tweaktown.com/news/60871/bitmains-rumored-ethereum-asic-miner-kill-gpu-mining/index.html)
[Jimmy and Tone talking: min 1:57 - 7:00](https://www.youtube.com/watch?v=9_WCaqcGnZ8)

👍 slowwalker, knircky, teamsteem, solenn, jwolf, uwelang, rosethiyada, stoecklin, bitcoinflood, lordoftruth, dandesign86, relationtrip, brettcalloway, lovemetouchme2, philakonecrypto, mrs.agsexplorer, pnc, steem-bounty, berkah, dodybireuen, bitcoiner, manshar, greenstar, adaptnetwork, tastetwist, jejangkit, darrelh, cryptotem, famg, volkerg, nonick, tobydj, xsrian-cooking, ghostfamcab, davidloving, ajpest, schmozzle, laurabanfield, kjah, raph4oxide, kittengray

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@angelinajolie · Feb 16 '18

wow asic

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@bitcoinflood · Feb 17 '18

$0.95

Just in time for ETH to go POS lol

👍 bitcoinflood

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@brettcalloway · Feb 17 '18

$0.72

This is why I’ve stayed away from mining! I don’t know anything about the tech and I have a feeling I’d be sold a bag of goods! A trustable market isn’t quite there yet, for me. I’m pretty sure a friend of mine last about $50,000 on mining equipment!

👍 brettcalloway, victoriacalloway

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@deybala · Feb 16 '18

very interesting vid:) dear @famunger really injoy this video 
thanks for link![Screenshot-2018-2-16 Bitcoin Reversed at 10K but it's back, now what - YouTube.png](https://steemitimages.com/DQmXZdLCmTWwzboquDW9f6XfisyirHoC39e71XC9twwkhvM/Screenshot-2018-2-16%20Bitcoin%20Reversed%20at%2010K%20but%20it's%20back%2C%20now%20what%20-%20YouTube.png)

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@luiggih · Feb 17 '18

Bitmain is a killing. Maybe ETH will go PoS but there would be still a lots of cryptos to mine profitably with this hardware... can't deny that

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@manshar · Feb 17 '18

This is very useful information .. I have never hear before 🤝🙏

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@nkd11 · Feb 16 '18

buy that time you couldn't mine Eth anymore but I am sure you could mine other currency. The positive is finally we wont have gpu shortage and the negative is well I just don't like bitmain.

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@sheikh27 · Feb 17 '18

ya, i have heared about that device which is currently produce cryptocoin insane, cpu and gpu are now on trouble for hard working.

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@techwizardry · Feb 16 '18

$1.74

Gamers will be rejoicing @ this news. 

The price of most new GPUs has been kept artificially high due to overwhelming demand from miners, so this ASIC will be a godsend to gamers on a budget.

👍 gridcoinman

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@famunger · Feb 16 '18

$1.04

That is true - I guess as someone more invested in GPU mining than in gaming I am a bit more worried. But you got me totally with the gaming part - I just concentrate on that and take it as a good news ;-)

👍 solenn

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