Here is Dero’s official statement regarding ASICs: We are aware of their existence and once the appropriate information is available we can deal with them. Without providing technical details we do have a fairly strong idea of how these are built and what they’re built with.
Information will be shared publicly regarding exactly how these ASICs work once people around the world get their hands on them to take them apart. If by some small chance the CryptoNight community does not work together to solve this problem (that would be a FIRST) I will personally drop the $20,000 USD to buy the 3 well advertised ASICs to let our developers literally tear them apart and you can hold me to that.
I’ll donate 2500 to the cause my friend , they’re not lying about it being able to crypto night but with the pow switch for xmr it won’t work and if it does the devs already said they will emergency fork. I’m all against Asics you have my vote for that. I’ve seen huge jumps in certain cyrptonight pools already and I bet they’ve been mining behind the scenes to test those little fuckers. Excuse my language but I’m starting to hate bitmain and all their machines. Sure it’s great that they can produce something so awesome but it’s really terrible that they do so in this case and the fact that they centralize everything to where they can capitalize more than the people buying the hopes and dreams from them.
We appreciate your very generous offer though it’s looking like the cost to purchase these ASICs is rapidly dropping which I believe to be an indicator that the information we have regarding how they work is likely correct.
Please don’t stress as when we have just a few more details we can deal with them as necessary
Official pool http://pool.dero.live has about 2 Mh/s now, while all the other pools have much less. So where other ~8 Mh/s come from? It looks like already now at about ~80% of the total network hashrate comes from ASICs. 6 April Monero will apply Lithium Luna update, which should kill ASICs:
Maybe the Dero team could also apply similar update soon ?
saw the sudden jump in network hashrate, and then difficulty started to climb.
not cool at all and definitely some ASICS are now on the network.
wish they didnt exist in this space. Ruins what Crypto is actually about, and the dealings of the manufacturers is despicable.
went from 20 dero a day to 5 now. in the space of 2 days? and i am just about to build a new budget rig this coming week. definitely puts me on a downer
but Like serena said, they are going to combat ASICS, and in DERO and the Team i trust
According to http://minecryptonight.net/ with 1 Kh/s you will get 3.41$/Day by mining Monero. Then you can buy 5.6 Dero with the current price 0.6$ / Dero.
But when you mine Dero directly with 1Kh/s, you will get only ~1.5 Dero.
So, mining Monero is 3.7 times more profitable than Dero. Either the price of Dero should be ~3.7 times higher, or the hashrate should be 3.7 times lower. Why the network hashrate did not adjust after Monero fork ? On the contrary, it quickly increased during the last few days. The conclusion is that ~80% of the total Dero hashrate is from ASICs now.
Dear Developers, maybe it is time also to change algo to the same as Monero use now ? Otherwise all the Dero community will buy Dero from Bitmain. Only stupid people will continue mining Dero with the current network hashrate and price.
“The conclusion is that ~80% of the total Dero hashrate is from ASICs now. ”
I know a surprising number of the miners myself (public and private) and I’m certain that there is nowhere near 80% of Dero’s hashrate coming from ASICs. A lot of Dero’s current hashrate is from legitimate miners that talk to us regularly.
Again, Dero is working on this and saying the same thing repeatedly is not accomplishing anything.
because the manufacturers mine with them first en masse - Centralisation
Then sell them 2nd hand - unethical
high price entry - more centralisation to larger farms
All the above are not healthy for the ecosystem of crypto in general.
