Time to Shutdown Cloud Mining - 1 BTC Bounty for GPU Implementation

[bytemaster]

Aha.  Thought it was already possible and Thought i was missing out on some ting.  But still gpu open up for asics right?

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A GPU is still based upon a lot of RAM usage which is what makes the ASIC expensive.   I actually think it would be easier to build an ASIC resistant, GPU friendly, algorithm than an ASIC resistant CPU friendly algorithm.   GPUs already have the fastest RAM with the fastest interconnects and highest level of general purpose parallelism available.    Not much room for an ASIC to improve upon a GPU if the bottleneck is the GPU memory bus.

[andhar]

Aha.  Thought it was already possible and Thought i was missing out on some ting.  But still gpu open up for asics right?

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[bytemaster]

Yet...  Thats what im worried about. I dont mean to sound negative but i Think that gpu Mining would screw things up at this state.

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The key is to find out if it is possible and how much better is it.   If it is profitable someone will do it, better to know sooner than later

[andhar]

Yet...  Thats what im worried about. I dont mean to sound negative but i Think that gpu Mining would screw things up at this state.

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[phoenix]

I had thought we were trying to avoid GPU mines. I'm not sure if this is good, but I'm glad that we're testing it out on PTS instead of Bitshares or Domainshares. Maybe I can buy some GPUs and set up a good miner, but I feel like I wouldn't be able to compete with all the people that have a ton of GPUs from when they were mining Bitcoins.

[markj113]

But wouldnt gpu Mining open up to asics?

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hasnt for scrypt - yet...

[andhar]

But wouldnt gpu Mining open up to asics?

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[bytemaster]

Thought Protoshares was going to be GPU/Asic resistant?...

Correct me if im drunk..but i am drunk but...

Seriously?

If Were able to mine throug gpu's if that's even proven possible at this state give me some proof so i can buy in 100*7990's..

As the state is now. As explained earlier in this post. Cpu mining is fair. Everyone has the chance to create a net with VPS machines. CPU mining is going to need $. The bigshots there are going to be those with  $ or those earliest out with asics.

I don't know how effective GPU will be, but I would rather find out with protoshares now that a large fraction of the money supply has been distributed so that we can improve future chains.

[bitshirehashaway]

I thought GPU mining was not possible w/ Protoshares

Plus, cloud mining is better than bot nets which involve viruses on people who don't want one on their computers. Maybe not cheaper which is people's problem - too greedy. Botnets are illegal I'm pretty sure.

[mitao]

What? ! I invested servers for this. Just a snap you feel GPU is better now? Great.

I'm not sure if GPU can be x10 faster than CPU, probably x2-x3, but let's see.

X3 faster is enough to change the entire game.  And I don't think x10 is impossible.


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[andhar]

Thought Protoshares was going to be GPU/Asic resistant?...

Correct me if im drunk..but i am drunk but...

Seriously?

If Were able to mine throug gpu's if that's even proven possible at this state give me some proof so i can buy in 100*7990's..

As the state is now. As explained earlier in this post. Cpu mining is fair. Everyone has the chance to create a net with VPS machines. CPU mining is going to need $. The bigshots there are going to be those with  $ or those earliest out with asics.

[testz]

What? ! I invested servers for this. Just a snap you feel GPU is better now? Great.

I'm not sure if GPU can be x10 faster than CPU, probably x2-x3, but let's see.

[markj113]

What? ! I invested servers for this. Just a snap you feel GPU is better now? Great.

dont think its going to happen overnight, by the time its done those servers will probably be struggling to pay for themselves

[joele]

What? ! I invested servers for this. Just a snap you feel GPU is better now? Great.

[markj113]

The best thing about cpu mining is im water cooled so nice and silent, when those gpu's kick in it drives me nuts.