The best ASICs to mine bitcoin in 2019 - The Cryptonomist

The BCN pump and ZEC

A couple weeks back I decided to look into investment opportunities on coins still using the original cryptonight algo. The thought being, all those X3s are mining something other than monero - so what?
My criteria were, cryptonight algo and traded on polo. The list was short, exactly one coin - Bytecoin. The diff had risen 8x over the past month and the price had not risen proportionally, this made the decision easy. Bought a not- insignificant quantity of them around 60 sats and expected to hold for a while until the expected price increase to move more inline with the diff.
Today, you probably heard what happened on binance with a 32x rise in price. This was "made possible" by no blocks being mined for at least two hours. This jogged my memory on something that happened a couple years back that I'd forgotten all about. This also caused me to reasses my stance on the Z3 and whether it is good or bad for ZCash.
Leading up to the latest bitcoin halving , I was researching SHA256 coins to speculate on. At the time, I figured a lot of the SHA ASICs would move off of bitcoin and into alts after the halving took place. At the time I was trading on both polo and trex, so I wanted coins on both platforms. There were about three coins I settled on as I remember - DGB, Myriad, and CURE. Bought some of each on both exchanges.
A similar scenario unfolded with CURE as happened with BCN today There was a massive, MASSIVE, pump of CURE on Polo but price was mostly unchanged on trex. Sold my CURE on polo and initiated a transfer from trex to polo to sell the remainder. After some time, there were zero confirmations showing on trex. WTF? Searched out a block explorer for CURE and low and behold the chain was not moving. After some time, the pump was over and the chain began moving again.
There was certainly a nefarious actor on the mining side that had stalled the chain. I'm no expert on the technicals of how, but winning shares were being withheld by someone with a significant portion of that network's hashrate. Maybe someone else can chime in with the details on how this type of attack is perpetrated. Incidentally, CURE was delisted from polo a very short time later. Whether this was due to polo calling BS, or being complicit and tipping off somebody prior to the delisting announcement to get one last hoorah, the world will never know.
I also remember some talk around that time of excessive orphans happening on slushpool. It apparently ended up being an unintentional issue wherein one of the larger farms pointed at slush was withholding winning shares. This sounded very similar to what happened with CURE, but with so much more hashrate on the BTC network, others were finding winning shares to keep the chain moving.
So, how is this relevant to ZEC?
I believe the BCN attack was made possible by, and initiated with, Antminer X3s. Somebody has a lot of them and pulled this off.
I believe the CURE attack was perpetrated by a major holder of SHA256 ASICs. The CURE nethash was a drop in the bucket compared to bitcoin so it was probably a simple matter of pulling off BTC for a couple hours, attacking CURE, then returning to BTC (or whatever else they were moving at the time).
Not going to speculate on who waged these attacks, it's irrelevant. The important, common, factor is ASIC miners. I fear that the ZEC network will be vulnerable to this type of attack should action not be taken to resist ASICs. All it would take is two hours to completely trash it's reputation and the effort invested in getting it to where it is today.
Before you call me a GPU shill or ASIC fudder, consider that these things have actually happened and do your own research to refute the points being made. In either case, thank you for taking the time to read what I've written and I look forward to your feedback.
submitted by dunnmines to zec [link] [comments]

Binance Trading Tips: The Stochastic RSI Indicator Bitmain Bitcoin Mining Giant And ASIC Manufacture Sets Up Secret US Subsidiary  Expanding? Binance bestätigt DDoS-Attacke  Winklevoss geben Bitcoin Prognose ab  Krypto News 09.02.2018 I Spent $100,000 Building a CRYPTOCURRENCY & BITCOIN ... ASIC Resistance Explained: What Are Crypto ASICs and Why Are They Important? Big Pump Signal - Biggest Cryptocurrency Pump group on Binance - Over 90.000 members [EASY] How To Mine Bitcoin Using ASIC USB Block Erupters ... ASIC de mineração: Conheça a máquina mais potente para ... AntMiner S9 Bitcon Asic SHA256 Miner BITMAIN 7.3 TH/s BTC ASIC: AvalonMiner 741 by Canaan

Owing to the ASIC dominance, Bitcoin's dedicated hashpower increased exponentially, leading to enormous climbs of the difficulty of Bitcoin mining. The continuously rising Bitcoin price also led to ASICs becoming increasingly performant, with many new participants joining the block-mining race. Chart 2 - Mining hashrate in the “ASIC era” (2015-2019) (in TH/sec) Sources: Binance Research ... Mining with a Scrypt ASIC vs SHA-256 Comparison. Bitcoin uses the SHA-256 algorithm to generate hashes that represent the data stored in blocks on the blockchain. As we mentioned above, SHA-256 is more complex to run, meaning that it’s highly accurate and secure, but also slow. This is why ten minutes are required to generate only one block ... It is able to mine Bitcoin (BTC) with a maximum hashrate of 80TH/s for a power consumption of 3360W. The $1576 USD price includes the PSU. The MicroBT Whatsminer M31S+ technical specifications are as follows: M31S+ Whatsminer Bitcoin ASIC Miner running @ 200V ~ 300V produces ~80TH/s and uses 3360W; M31S+ Whatsminer Bitcoin ASIC Miner Currently, the most efficient ASIC to mine bitcoins is the top of the range Antminer S17 series, the Antminer S17 Pro. It is an ASIC capable of reaching a maximum hashrate close to 53 TH/s on the SHA256 hashing algorithm, with a power consumption close to 2100 Watt/hour. This results in a maximum efficiency of close to 40 Watts per TH/s. The top four SHA256 ASIC mining rigs on August 2, 2020. The Microbt Whatsminer M30S++ and the first iteration of the model M30S offer hashrates between 100-112TH/s, but these devices won’t ship ... If it is an SHA-256 based coin then you will be able to mine it on an ASIC made for Bitcoin such as the Antminer S9 or Antminer S7. If the cryptocurrency is a Scrypt coin such as Litecoin then it can be mined on Scrypt based ASICs such as the Antminer L3+. Newer ASIC hardware which was released in 2017 specializes in other hashing algorithms such as the X11, Qark and Qubit. The Antminer D3 for ... Sha256 mining pools Request adding new: coin pool. Filter coins by algorithm Filter coins by algorithm: NeoScrypt 60 EquiHash 17 EquiHash (192,7) 1 EquiHash (96,5) 1 ZHash 7 Skein 24 Lyra2v2 30 TimeTravel10 1 C11 16 PHI1612 2 PHI2 8 Lyra2z 36 Skunkhash 0 Scrypt 312 X11 171 Keccak-C 3 Keccak 4 Nist5 11 Allium 2 Xevan 15 Ethash 16 CryptoNight 12 CryptoNight V7 3 CryptoNight Light 0 CryptoNight ... Bitcoin mining manufactures and pool operations have failed in great numbers over the last five years with companies like Butterfly Labs, Mining ASIC Technologies, BTC Guild, and Cointerra. At ... Bitcoin Gold (BTG) is a fork of Bitcoin, which introduced a change of scripting function and a change in supply by a magnitude of 10 to curb ASIC mining.; Bitcoin Gold runs on a Proof-of-Work (PoW) consensus algorithm, Equihash (vs. SHA256), with high memory requirements, which supposedly makes it inefficient for Application Specific Integrated Circuit (ASIC) machines to participate in the ... Binance; Altcoin Debit Cards; C-CEX; Vircurex; YoBit; WCX – a low cost exchange; Online Miners; Bitcoin Faucet; Tracking; Scamcoins; News. CPU Altcoins; Sitemap [ASC] AsicCoin – The sha-256 coin for ASIC mining. Posted on January 18, 2014 by admin. Launched on 11-Sep-2013, AsicCoin is a SHA-256 crypto-currency based on Bitcoin version 0.8, with super random blocks. It is a coin for ...

[index] [21154] [16916] [8373] [2744] [20750] [4065] [14535] [19240] [5315] [10465]

Binance Trading Tips: The Stochastic RSI Indicator

Themen 0:34 Binance bestätigt DDoS Attacke 3:29 Venezuelas Staatskryptowährung wird von anderen Staaten angenommen 5:30 Winkelvoss Zwillinge geben Bitcoin-Prognose ab ASIC de mineração: Conheça a máquina mais potente para minerar Bitcoin! 🚨 APOIO: • Curso Crypto Trader - Do iniciante ao avançado: https:/... Find out how to easily mine Bitcoin using ASIC USB Block Erupters and BitMinter. Sapphire Block Erupter Bitcoin USB Mining Sticks are Sold on Amazon at http:... AntMiner S9 + 1600W PSU 11.85Th/s two fan,11850Gh/s Asic Miner, Bitcon Miner, 16nm BTC Mining, Power Consumption 1172w, SHA256 Заказываем здесь: http ... With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used. CryptoKube Bitcoin Mining Solution. 360 Bitmain S9 in 40 foot mobile data center - Duration: 2:20. KubeData Systems Inc. - Mobile and modular data centers 8,901 views In this video we cover ASIC Resistance why you should be for or against it! Want to start trading cryptocurrencies? Sign up through this link to get $10 of free bitcoin with your first purchase of ... 👍Binance (Low fees, high volumes, fork support): ... CANAAN AvalonMiner 741 7.3TH/s BITCOIN ASIC MINER BITMAIN PROFITABILITY CALCULATOR - Duration: 4:48. WORRR 6,146 views. 4:48 . How To ... We are the largest Bitcoin investment group on the internet with over 90.000 members! Big Pump Signal-EVEN A SMALL FISH CAN BEAT A WHALE WHILE IN A STRONG GROUP. ASIC Antminer Bitcoin Bitcoin ... A $2000 investment turned into me spending $100,000 dollars building a custom shed for cryptocurrency and Bitcoin mining. Here's the story of Drew Vosk and t...