Asus Releasing GPU's For Crypto Currency Mining!

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Asus Releasing GPU’s For Crypto Currency Mining!

Just seen this :

One of the world’s largest technology hardware makers has announced new graphics cards (GPUs) aimed at the cryptocurrency mining market.

Taiwan-based manufacturer Asus revaeled the Mining RX 470 and Mining P106, which were designed to handle the energy and heat intensive process of mining. Though not expressly pitched as such, the release is undoubtedly aimed at capturing some of the interest in mining ethereum. Bitcoin mining, by comparison, has evolved to a stage in which application-specific integrated circuits, or ASICs, are required to compete.

http://www.coindesk.com/asus-announces-new-graphics-cards-focused-cryptocurrency-mining/

https://www.youtube.com/watch?v=XmUH3lZ4two

AmDD

Stupid. Half the appeal of mining with GPUs is their multi purpose and resale value. a “mining gpu” might as well be an ASIC.

AcidD

@AmDD said in Asus Releasing GPU's For Crypto Currency Mining!:

Stupid. Half the appeal of mining with GPUs is their multi purpose and resale value. a “mining gpu” might as well be an ASIC.

or a GPU that you can’t play games with… ;-(

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@wrapper said in Asus Releasing GPU's For Crypto Currency Mining!:

Though not expressly pitched as such

I thought the Though not expressly pitched as such undedicated it was a normal GPU card, but optimized to be efficient a mining.

So I’m a bit more optimistic it could be good thing, at least as a halfway house : As a consumer product that can be used for graphics or ML, but is efficient at mining.

The general discussion of ASICs was that - they are a big plus in security - if they are coin specific. i.e. So the larger coin doesn’t attack the smaller, which is why Litecoin went to Scyrpt.

ASICs reduce the chance that, someone, out side the network, but with access to consumer grade GPUs could use that to attack the network. ie With ASICs destroying the coin would make the ASICs worthless so cost the attacker …

Obviously there are other arguments for and against ASICs. As long as they are available, which happened with the Scrypt ASICs, not being “consumer grade” wasn’t the biggest issue.

For :
Efficiency (gives high level of encryption / through put per Watt)
Relatively low cost once produced
Against:
Not reusable to other tasks

RIPPEDDRAGON

@wrapper said in Asus Releasing GPU's For Crypto Currency Mining!:

For :
Efficiency (gives high level of encryption / through put per Watt)
Relatively low cost once produced
Against:
Not reusable to other tasks

Efficiency (gives high level of encryption / through put per Watt): The problem with this is that if the playing field is even for everyone, it does not matter. Its not like bitcoin’s block times have gotten better from when CPUs used to mine, 10 mins is 10 mins… The network used to be able to run on less electricity, now its pulling more then ever. So yeah while you are throwing more hashes per second, its all useless as its based on relative scaling of the rest of the network.

Relatively low cost once produced: Not really, developing silicon is expensive and time consuming weather it be a large company like AMD or small Bitmain. Its not like the ASIC companies are driving the silicon NM shrinking game, the big manufacturers are paying for it and the ASIC companies just reap the rewards of a new generation of chips.

Not reusable to other tasks: exactly and if its found the algo is broken, all of the equipment cant mine the new algo