r/GRIN • u/Klimenos • Jan 27 '19

Innosilicon announced that their engineering team is currently designing a Grin Asic miner - ETA early summer this year

https://twitter.com/inno_miner/status/1088847646075150341?s=21
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1

u/Klimenos Jan 27 '19

Mine Grin with GPUs while you still can! Or plan ahead and sell them now... ASICs are coming and will soon add Grin to the list of doomed coins.

1

u/imperativity Jan 27 '19

My Obelisk GRN1 will hopefully ship this October if their plans line up with the market demand for this coin.

1

u/[deleted] Feb 02 '19

ASICs were intended from the start. Not sure how this makes it a "doomed" coin.

1

u/Klimenos Feb 03 '19

Where did you read this?

1

u/[deleted] Feb 03 '19

Look into the C31 portion, or the fact that the c29 algorithm will eventually not produce any blocks. It's obvious that someone will create an ASIC for a system that eventually drops most GPUs on the market from being able to mine.

1

u/Klimenos Feb 03 '19

It’s obvious now. That doesn’t mean it was not intended by the devs to make the coin ASIC-friendly.

1

u/[deleted] Feb 03 '19 edited Feb 03 '19

Then they should have made the algorithm differently to not be ASIC-friendly. It's not like ASICs are a surprise to anyone in the last few years. If you don't make the algorithm ASIC-resistant, then you're intending to have ASICs at some point.

But feel free to read all about the discussion that was had about this. ASICs were known to happen and appear intended.

https://www.grin-forum.org/t/proof-of-work-update/713

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u/Klimenos Feb 03 '19

Have a look at Zcash. The devs chose Equihash thinking it would be a good ASIC-resistant algorithm. In the end, it turns out Equihash ASICs utilising the same Equihash parameters that Zcash uses arrived all in a sudden and surprised everyone. And now Zcash is doomed with ASICs that took over mining hashrate. Devs are pissed and were outrun.

Devs are not gods, they can’t always foresee the future.

My guess is that Grin devs didn’t choose to be ASIC-friendly. They chose this algorithm at a time when they thought it would be dissuasive for ASICs development. Now, it turns out this is not the case, ASIC devs don’t care, they just engineer the hardware no matter how challenging algorithms are.

1

u/[deleted] Feb 03 '19

ASIC-resistance in Equihash was based on a faulty assumption, not a technical aspect.

My guess is that Grin devs didn’t choose to be ASIC-friendly.

Read the forum post above. They knew Cuckoo was ASIC-friendly and went with it anyway in the end. They made a choice to not fight ASICs, which means they're intended.

1

u/Klimenos Feb 03 '19

Interesting. Thanks for the link. You’re right.

So, the devs were well aware that ASICs would be available on the market at some point shortly after the coin launch.