What is ASIC?

C O N T E N T S:

KEY TOPICS

  • The problem that asics cause for crypto are double: being able to mine thousands to millions faster that comoddity versatile hardware (CPUs and GPUs and to a lesser extent FPGAs) raises drastically the network difficulty for everyone who doesn’t have the last model asic.(More…)
  • Mining Ethereum with ASIC was achieved by Bitmain through the hardware being modified to overcome the memory hardness of Ethereum.(More…)
  • Created by Alex Biryukov and Dmitry Khovratovich in June 2016, MTP is designed to target miner centralization caused by ASICs and permit entry to the mining space for CPUs and GPUs.(More…)
  • In exchange for providing access to their algorithms, crypto groups will require ASICs manufacturers to evenly distribute their hardware to that project’s community, helping to limit concerns of centralization among a small collective of mining groups.(More…)
  • ASIC stands for Application Specific Integrated Circuit, and these miners are made with the specific purpose of mining cryptocurrency like Bitcoin.(More…)

RANKED SELECTED SOURCES

What is ASIC?
Image Courtesy:
link: http://twitter.com/hashtag/asic
author: twitter.com
description: asic hashtag on Twitter

KEY TOPICS

The problem that asics cause for crypto are double: being able to mine thousands to millions faster that comoddity versatile hardware (CPUs and GPUs and to a lesser extent FPGAs) raises drastically the network difficulty for everyone who doesn’t have the last model asic. [1] Asic are mining hardware which is dedicated to mine a single coins fast. (which is bad) normal people cant afford to mine as Asic mines fast and tunes up the difficulty super high. [1] The asic market is also dominated by Bitmain, who has a shady track record of massively mining in secret a given coin with the manufactured asics to have price influence becore releasing these asics for sale “used” esp when they sense that the profitability is falling either because of market down or the coin changing algo. [1] Without ASICs and bitmain the coin’s operations and mining is decentraluzed and not subject to a single foreign entity trying to manipulate the operations. [1] Moving away from ASICs moves away from bitmain trying to influence the coins operations. [1]

As many mentionned, ASICs are specialized chips that implement an algorithm in hardware, hardcoded. [1] The logic function of ASIC is specified in similar way as in case of FPGAs, using hardware description languages such as Verilog or VHDL. Difference in case of ASIC is that, the resultant circuit is permanently drawn into silicon whereas in FPGAs the circuit is made by connecting a number of configurable blocks. [2] ASIC fabricated using the same process node can run at much higher frequency than FPGAs since its circuit is optimized for its specific function. [2] Many ASICs are prototyped using FPGAs themselves! Major processor manufacturers themselves use FPGAs to validate their System-on-Chips (SoCs). [2] FPGAs are like “modifiable” asics and their advantage is that they are available for engineers and hobbiyists through diff manufacturers, and they are useful beyond crypto. [1] Because of this centralization again, even if asics manufacturers were honest players, they will always be the weakest link in the crypto eco system. [1] The problem is that all asics are designed and made in China, a crypto hostile gov with no good track record of transparency. [1]

They were also caught mining in secret cryptonight currencies esp monero and shamelessly offered their useless asics for sale after they learned monero were going to brick the asics by an algo upgrade. [1] Ofcourse, if your design is totally breakthrough kind and extraordinary with highly specific requirements (in terms of cost, power, speed etc) then you have no option than to go with ASIC route. [2] ASICs are definitely not suited for application areas where the design might need to be upgraded frequently or once-in-a-while. [2] It is not recommended to prototype a design using ASICs unless it has been absolutely validated. [2] If not, you might not have any other way than to go with ASIC. In majority of cases, it should be possible to at least prototype and validate your idea using FPGAs. [2] This article will attempt to answer questions on FPGAs vs ASICs, and the similarities and differences between them. [2] Now, the problem with asics will become much less when /if new players from diff countries/legislations enter the asic market or FPGAs perf/price rises. [1] The former is analogous to FPGAs, whereas the latter is analogous to ASICs. [2]

These dedicated hardware blocks are critical in competing with ASICs. [2] Con: the algorithm is hardcoded and in case of algo change, ASIC hadrware becomes a door stopper. [1] Things that already happened that warrant caution: bitmain asics have beem caught last year having non-declared backdoors, for remote access, control and shutdown. [1] Till now, we went closer to monopoly and much lower in decentral, but in theory it’s could be relatively ok if the asics were diverse, diff manufacturers, diff countries, asics competition. [1] Last example, last week Bitcoin Gold was 51% attacked because of asics and 18M USD were stolen. [1] Less energy efficient, requires more power for same function which ASIC can achieve at lower power. [2] Power consumption of ASICs can be very minutely controlled and optimized. [2]

By the time you are finished with the prototype, you would yourself get the idea whether you need to go with ASIC route or not. [2] Very high entry-barrier in terms of cost, learning curve, liaising with semiconductor foundry etc. Starting ASIC development from scratch can cost well into millions of dollars. [2] The CPU inside your phone is an ASIC. It is meant to function as a CPU for its whole life. [2]

There is a debate about how useful is asic resistance because bitmain and the likes made so much money (more that a major player like nVidia) that they can afford to keep playing this game, taking a chance of losing lot of money while designing manufacturing and secretly running first updated asics for updated algos. [1]

Mining Ethereum with ASIC was achieved by Bitmain through the hardware being modified to overcome the memory hardness of Ethereum. [3] Shortly before the coin launches, Obelisk will turn the ASICs over to the team behind the cryptocurrency, who will distribute the hardware to the community so that no one party controls too much mining power, and so that most of the mining power is held by small players. [4] The introduction of the application specific integrated circuits (ASIC) miners which can mine Cryptocurrencies faster while wasting lesser energy than the CPUs and Graphics processing unit has created a power shift in the crypto network leading to centralization where small time miners cannot thrive. [3] What differentiates the ASIC from the GPU? Well, the application specific integrated circuits (ASIC) is different from the Graphics processing unit (GPU) in the sense that it is only made for one specific purpose which is mining and cannot do any other job apart from that. [3] ASIC stands for “application specific integrated circuits” and the main difference between mining with ASIC and mining with graphics and computer processing units is that the mining with ASICs do not have all the extra appliances that make the mining graphics processing units and computer processing units so versatile, hence, being called “application specific” chip. [3] ASIC (Application Specific Integrated Circuit) chips are now the new industry standard. [5]

This is to say, you can?t play a game nor run an operating system on an ASIC Ethereum because the chip is meant to do only one thing which is to mine crypto. [3] This also means Ethereum ASIC would work on the network of other coins that uses the same algorithm as Ethereum; an example is “Ubiq”. [3] The Antminer E3 will conduct ASIC Ethereum mining at 180MH/s with a power consumption of 800W and at a current price tag around $2000 (changes every batch). [3] Although recently, the development of mining Ethereum with ASIC has changed the narrative. [3] With this development, the ASIC development and centralized hash power are currently in the hands of Bitmain tech, they hold the card to the future of Ethereum. [3] No entity – not even Obelisk – will control more than 20 percent of the mining power on these new networks, although ASIC distribution choices are ultimately up to the team. [4] The contention is that ASICs (which are more expensive than the other hardware used in the operation of blockchain software) raise the barriers to entry to mining, and as such, can lead to a concentration of control in fewer hands. [4] There’s ample evidence for his position: in recent months, ASICs have been developed for ethereum’s and zcash’s mining algorithms, both of which were initially thought to be ASIC-resistant. [4] “I think it’s safe to assume that every proof-of-work coin with a block reward of more than $20 million in the past year has at least one group of secret ASICs currently mining on it, or will have secret ASICs mining on it within a few months,” Vorick wrote in a blog post. [6] He now believes that ASICs will continue, simply because the economics of beating the competition in crypto mining are so favorable to those who do it. [6]

A full list of previously known ASIC bitcoin miners can be found on Wikipedia. [7] RAM slows down ASICs, so algorithms that make use of lots of Random Access Memory (RAM) generally stave off the influx of those specialized chips. [3] There are different reasons to choose a proof of work algorithm over another but when it comes to ASICs, it comes down to memory requirements. [3] ASIC responded to the allegations concerning its work of distinguishing between genuine colleges and those acting fraudulently had been hampered “by the Home Office’s refusal to tell ASIC how many student visas were issued for each college it inspects.” [8]

Once ASICs became widely available, FPGAs were quickly replaced due to the sheer superiority of this new hardware. [7] The arrival of the ASIC will change the face of Ethereum forever as we can only fold arms and observe what unfolds. [3] Following the meeting, Bitmain published a blog post published on Friday, stating it would be exploring an exercise in “radical transparency” when it came to the shipment of zcash ASICs. [6] Bitmain itself was quick to dismiss Vorick’s writings as “conspiracy theory,” but Vorick’s position is reinforced by his own foray into ASIC manufacturing. [6] Last year, Obelisk began building its own siacoin ASIC – one that contained a secret switch to force away any competitors – but was beaten to market by Bitmain. [6]

A number of Cryptocurrencies have been taken over by ASICs except for Ethereum which requires a lot of RAM to run their hashing algorithms. [3] “You’re going to end up with ASICs on your network,” Vorick said in an interview. [4] The Accreditation Service for International Schools, Colleges and Universities ( ASIC UK ) is an independent international educational standards assessment agency based in the United Kingdom. [8] Universities UK, the advocacy group for British Universities, complained to the UK Immigration Minister concerning ASIC being given an accreditation role in the UK immigration scheme. [8] In July 2009, ASIC submitted a response memorandum providing answers to the letter written by Diana Warwick, Baroness Warwick of Undercliffe, Chief Executive of Universities UK in which she had expressed concerns about the government’s decision to approve the ASIC as one of the accreditation bodies within the new immigration system. [8] ASIC has been appointed by the United Kingdom Government’s Home Office UK Border Agency. [8] ASIC is one of the accreditation bodies that has been recognized since 2007 by the now superseded UK Border Agency. [8] According to its own website, ASIC has accredited 148 colleges and universities in the UK, and around 80 worldwide, of which 15 are US-based institutions. [8]

Obviously, some ASIC designers are good in design, writing RTL code when they get a detailed specification. [9] What do you think about the study that says roughly 30 percent of the Zcash hashrate is processed by ASICs? Let us know your thoughts on this subject in the comment section below. [10] The government response to this was a statement that the 2007 decision was made on the basis of the Office for Standards in Education, Children’s Services and Skills’s report that they were satisfied with the way ASIC was operating. [8] Over the past few weeks, there’s been a lot of discussion on the subject of application-specific integrated circuits (ASICs). [10] The arrival of the application specific integrated circuits for Ethereum mining should be a thing of great concern to the entire Ethereum network because the companies producing the ASICs in a bid to make money, would continue to crack the algorithms to produce new ASIC miners putting Ethereum at risk of centralization. [3] In response to this groundbreaking revelation of an Ethereum ASIC miner, there has been rumor that the Ethereum foundation network is planning to block the use of developing ASICs by making protocol changes to make developing ASICs incompatible with the proof of work Ethash algorithm. [3]

An ASIC miner is able to calculate these proof-of-work equations much more efficiently than a regular CPU. This is because ASIC Mining hardware is specifically designed to utilize a certain hash algorithm based on the crypto you are attempting to mine. [5] This means ASIC mining hardware that is configured for BTC, can also mine numerous other cryptos including Bytecoin, PetroDollar, and Devcoin just to name a few. [5]

FPGAs were a great marvel at their time, even though their success was rather short-lived thanks to the emergence of ASIC mining hardware. [7] It is evident the Bitcoin ASIC mining hardware business is incredibly competitive, with many companies eventually moving on to bigger and better things despite their best efforts. [7]

At least, that was the testimony of many blockchain software developers at Consensus 2018, who indicated that hardware manufacturer Bitmain’s recent distribution of high-performance ASIC miners is proof of their inevitability for all cryptocurrencies. [6] The ASIC miners are algorithm specific, for this reason, there can be ASIC resistant Cryptocurrencies which come about by the network simply changing the fundamentals of making an upgrade of the base algorithm. [3] Essentially, Alex Biryukov and Daniel Feher detail that ASIC miners are present within the network hashrate of coins that utilize the Equihash algorithm, and have presented their estimates specifically for the Zcash Foundation. [10] The ASIC miners are also produced in short supply which makes it a driving force in the centralization of the Cryptocurrency network, unlike the GPUs which are readily available for purchase and can be used by almost everyone with the network resource to mine. [3] Going forward, Wilcox said it’s possible the cryptocurrency will support both GPU and ASIC mining on separate networks. [6]

Since the Ethereum ASIC miner is more powerful and effective in mining than the regular GPU miners, it is definitely going to give Ethereum mining a new architectural structure. [3] It is important to know that ASIC miners wouldn’t be capable of mining Ethereum before Bitmain made the announcement that they are making an ASIC miner for Ethereum. [3] One positive aspect of Graphics processing unit miners is depreciation, just like any ASIC miner out there; an E3 miner is worthless once it is no longer useful for mining. [3]

This miner utilizes eighty A321B ASIC chips to accomplish all of your mining needs. This rig is a popular selection among miners due to its decent hash rate and low cost. [5] All ASIC hardware which has proven to be very effective when it comes to mining Bitcoin could no longer be used for Ethereum. [3] Fast forward to today, and there are only a handful of bitcoin ASIC hardware manufacturers around. [7]

That project, called Launchpad, expects teams developing new cryptocurrencies to hire Obelisk to design a custom proof-of-work algorithm as well as the ASIC hardware that works on that algorithm – all in secret. [4] For one, Obelisk will open source the algorithm and ASIC hardware design once the network goes live. [4] For now, monero is willing to go it alone, with regular anti-ASIC updates that aim to keep ASIC hardware off the network until such time that ASICs become ubiquitous, like USB drives, so that they can be run by a wider pool of participants. [6] Launchpad comes at a time when many cryptocurrency communities are up in arms about the release of ASIC hardware – primarily manufactured by China-based Bitmain – to mine their blockchains. [4] An ASIC miner will allow you to mine any cryptocurrency that utilizes the same hash script as it is programmed to mine. [5]

A Twitter announcement on the 3rd of April 2018 by the Chinese technological giant “Bitmain” informed that the much anticipated and awaited Ethereum ASIC miners would be released. [3] Miners in the Ethereum network are caught between buying the new ASIC miners and hoping for a hard fork. [3] The Ethereum ASIC miner gains its efficiency because all its computing power and resources is optimized for a single well defined task. [3] The Ethereum ASIC miner will likely have a repeat of the trend of the Antminer S9 by rendering GPU miners obsolete. [3] It is important to know that other companies are also working on new generation ethereum ASIC miner. [3]

The release of the Antminer E3 has intensified calls to execute an Ethereum fork which is altering their hash algorithm to keep it ASIC resistant. [3] While a significant number of groups have gone to war with ASIC manufacturers, suggesting changes to their cryptocurrencies algorithms to render ASICs useless, others, like Vorick, believe all those attempts are doomed to fail. [4] Driving the defense is the ideological belief that lacking sufficient competitors, ASIC manufacturer Bitmain commands too substantial a portion of the network share, a market reality that threatens to undermine the open, decentralized participation that cryptocurrencies strive for. [6] Given the financial incentives at play – optimized hardware can quickly dominate a network, and swallow the rewards in exchange for the increased hashpower – others warned that ASIC manufacturers will always be a step ahead. [6]

We?ve been pessimistic on ASIC resistance for a long time, and our journey into the hardware world solidly confirmed our position. [11] “At this point there’s no single ASIC resistance algorithm that our chip devs have looked at and said they couldn’t do,” Vorick said. [6] Aside from them, no one will know the full proof-of-work algorithm to be deployed or the ASIC’s design – even to the team behind the cryptocurrency itself. [4] ASIC chips are designed to handle only one particular task, rather than being a general upgrade to your PC. These application-specific chips are commonly used in industries which require heavy processing power including audio recording, video editing, and graphic design. [5] The main selling point of FPGAs is how they can be used to implement any logical function, similar to how ASIC chips work. [7] Computers were replaced by FPGAs and the now ever-present ASIC miners. [7] The announcement of ASIC miners for Ethereum is a big deal because this could lead to centralization of Ethereum on the long run and in turn, have an adverse effect on the price of Ethereum. [3] A miner would generally opt for the ASIC miners as they are more efficient and yield higher returns than the GPU miners. [3]

The Antminer S9 is one of the most popular ASIC mining hardware rigs in the market. [5] Ever since that time, a lot of companies have entered and left the ASIC mining race. [7] While this unit is below the S7 in terms of efficiency, it would be difficult to find another ASIC mining rig that is comparable at the same price point. [5] This unit incorporates 126 BM1387 ASIC chips to get results. [5] This unit features 135 28nm BM1385 ASIC chips that are kept running cool by dual fans. [5]

The study speaks volumes to cryptocurrency developers and communities who have attempted to produce proof-of-work mechanisms that were meant to provide ASIC resistance. [10] In 2009, The Times reported that Maurice Dimmock, ASIC’s director and chief officer, had been sacked in 2003 from his job at Northumbria University as director of overseas operations. [8]

Created by Alex Biryukov and Dmitry Khovratovich in June 2016, MTP is designed to target miner centralization caused by ASICs and permit entry to the mining space for CPUs and GPUs. [12] The purpose of the MTP was to avoid the centralization of mining caused by ASICs and to encourage the entry of CPUs and GPUs into the mining space. [13] ASICs usually provide a significant advantage over graphics cards (GPUs) and CPU mining; so much so that once ASICs are released it is generally un-profitable to mine without one. [14] “MTP’s aim is to make the price and performance as close to each other regardless of whether you use an ASIC, GPU or CPU, so no one can gain an unfair advantage through the use of specialized hardware. [12] What would decentralised manufacture and distribution look like? We would want to get to the point where it is possible to buy an ASIC from your local computer hardware store, like you can currently with GPUs. [14] Like ASICs, FPGAs are also specialised chips that solve certain algorithms. [14] Last week, Zcoin said it was introducing a functional version of the Merkle Tree Proof (MTP) algorithm to help prevent miners from using ASIC equipment to extract the cryptocurrency. [13] Chinese mining conglomerate Bitmain had recently announced the release of an ASIC designed for mining the similar, privacy-based cryptocurrency Zcash, which ultimately led to some concerns in the cryptocurrency space, and Zcoin is looking to offer reassurance. [12] In the context of a cryptocurrency, an ASIC (Application Specific Integrated Circuit) is a chip that is specifically designed to mine a certain cryptocurrency or a certain hashing algorithm. [14] Many cryptocurrencies which use mining to create coins are trying to fight back against stronger applications such as ASIC because these stronger applications eliminate the ability of “the common man? to be part of the mining landscape – and put these capabilities largely in the hands of only the well-funded. [15] A month ago, Bitmain launched an ASIC device specifically developed for Equihash-based cryptocurrencies, such as Zcash (ZEC), Zencash (ZEN), Zcoin (XZC) and others. [13] Zcash chose Equihash for ASIC properties, making the network more accessible to small miners who are valuable for providing a market balance to other miners with significantly more capabilities. [16]

Some assumed that Bitcoin hardware would diversify in this way, however ASICs for Bitcoin have been available for 5-6 years now and it’s becoming clear that the market is growing more centralised, not less, with Bitmain and Bitfury dominating. [14] Large companies have emerged within the ASIC landscape who can afford to mine cryptocurrency, and they are always looking for technical advantages to develop stronger capabilities of ASIC as an ingredient mechanically to effectively generate profitability. [15] Cryptocurrency traders have an interesting correlation which may give rise to a method in order to judge market psychology for values of digital assets via the world of GPU and ASIC as a “viewable commodity index?. [15] Our main objection to ASICS is not that they provide a significant performance increase over GPUs, but that their manufacturing process is so centralised. [14]

Top ASIC producers are also looking to catch up with the new algorithms. [13] Quick prototyping services for multi-million ASIC into multiple FPGAs to turn around a proof-of-concept for showcasing to the end customers. [17] The ASIC Design department at Ericsson is responsible for Digital ASIC and SoC development for all existing and future mobile standards, including 5G. The. [18] Lead Engineering teams developing complex Digital SoCs and mixed-signal ASICs, develop detailed design and verification plans, effective staff and manage. [18]

ASICs are built to be a physical implementation of the hashing algorithm, so if you change the hashing algorithm just slightly, usually the manufacturers have to build a completely new machine. [14] The larger issue with ASICs is that there are very few companies that step into the space as manufacturers. [14] ASIC is consulting on the repeal of two ASIC instruments which currently provide conditional relief to FFSPs providing financial services to wholesale clients in Australia and which are due to expire (or “sunset?) in September 2018. [19] ASIC is proposing to implement a modified Australian financial services licensing regime for certain FFSPs to apply for and maintain a modified AFSL ( foreign AFSL ). [19] ASIC is concerned that the reliance by FFSPs on the limited connection exemption does not involve any assessment of the regulatory regime in the jurisdiction in which the FFSP operates and that ASIC continues to have little visibility on the FFSPs relying on this relief. [19] FFSPs are not required to notify ASIC of their reliance on Instrument 2017/182 and as a result ASIC is not aware of who is relying on the relief and where the FFSP is located, which impedes ASIC’s ability to supervise the FFSP’s activities involving wholesale clients in Australia. [19] ASIC considers that the FFSP Relief ‘no longer strikes the appropriate balance between cross-border investment facilitation, market integrity and investor protection envisaged’ by ASIC when the FFSP Relief was introduced. [19] ASIC is concerned that supervisory and enforcement issues arising in Australia in relation to the FFSP Relief and IOSCO’s recent emphasis on addressing misconduct in wholesale markets suggest that reform is required to ensure ASIC’s regulatory approach to FFSPs in Australia remains consistent with IOSCO’s guidance on minimising risks in wholesale markets. [19] ASIC previously consulted on the FFSP Relief in 2016 in Consultation Paper 268 ( CP 268 ) and summarised its findings following the consultation in Report 519. [19] ASIC is proposing to extend the FFSP relief until 30 September 2019 and then repeal it (with a transitional period of 12 months, to 30 September 2020). [19]

It should be pointed out that players like Samsung, Fujitsu, IBM and a host of other companies are developers of ASIC systems. [15] Although many insist that resistance to ASIC is useless, Zcoin and ZenCash believe it is worth resisting and working to avoid it. [13] This explains the need for Zcash to adopt ASIC. This decision was considered after collecting their community feedback and also because they are to believe that the new ASICs are more advanced than they thought and that it can handle different parameters of Equihash. [16] This exemption is widely used and does not require any application or notification to ASIC. [19] “If they are smart enough to make ASICs for Equihash, they are smart enough to work around this. [16] Although the latest reports indicate that developments, such as the one that Bitmain shown by developing ASICs miners for almost all algorithms, it is still doubtful that the real limits to the extent to which ASIC resistance can be driven have been tested. [13] SHA-3 is easier to implement on hardware than SHA-256, and it would force all ASIC development companies to start from scratch, and hopefully not just Bitmain and Bitfury but every ASIC chip manufacturer. [14] At the moment, there are just a few ASIC hardware manufacturers around the world, including BitFury Group and Bitmain Technologies Ltd. The Bitcoin mining industry is very competitive and just those with the proper teams are able to keep in the market. [20]

Yap pointed out that ASIC manufacturers like Bitmain are not incentivized to sell miners at more affordable prices. [12] Individuals can buy ASIC miners, but there were cases even in 2016 where Bitmain (an ASIC manufacturer) was shown to have built a secret back door into a lot of their miners, which allowed them the ability to turn off a large portion of Bitcoin miners around the world, and crash the hashrate. [14] “When you have specialized machines, X dollars will get you a hash rate 1000 times stronger than if I spend X dollars on a CPU or GPU, so if I spend $2,000 on a bitcoin ASIC miner, I?ll get a higher performance than if I spent $2,000 on a GPU rig,” he said. [12]

Every cryptocurrency has its own cryptographic algorithm and ASIC miners use these algorithms to mine specific currencies. [16] ASIC hardware was much more powerful than the FPGA miners, in consequence, crypto enthusiasts and companies decided to move towards the latest ASIC miners. [20] The FPGAs have a very similar functionality to ASIC miners. [20]

Today one needs to have a piece of hardware known as an ASIC miner. [16] Many of the ASIC manufacturers are not interested in selling their hardware at affordable prices and this prevents most people from using their hardware to extract cryptos. [13]

Later in time, ASIC hardware was able to outperform these devices, that were good, but not enough to compete with the most modern mining rigs. [20] Recently, there have been a number of high profile ASIC miners released for cryptocurrencies previously believed to be ASIC resistant. [14] We are currently exploring newly proposed ASIC resistant hashing algorithms like Argon 2, Cuckoo Cycle, and RandProg, however in the meantime Loki will maintain its ASIC resistance by forking. [14]

At ZenCash believe that the attack may have proceed from ASIC mining devices, and that the individual or group of people tried to control the network. [13] Third, the developers are vulnerable to bribery and infiltration attempts by ASIC manufacturers, who, with the correct knowledge could future proof their ASIC from upcoming forks. [14]

ASIC’s inquiries suggest that ASIC’s approach to the FFSP Relief may be broader than that of foreign regulators and that it then follows that the FFSP Relief may be lowering compliance costs for FFSPs without AFSL holders in Australia obtaining a comparative reduction in compliance costs for the provision of financial services of these AFSL holders in other jurisdictions. [19]

In exchange for providing access to their algorithms, crypto groups will require ASICs manufacturers to evenly distribute their hardware to that project’s community, helping to limit concerns of centralization among a small collective of mining groups. [21] Software developers may attempt to retain control of the crypto mining market by actually partnering their projects with ASICs manufacturers. [21]

This page was last modified on 29 Mayat While there are rare exceptions – for example chips that mine both Bitcoin and Litecoin – this is often because the chip package effectively Bitcoin Stock Current Best Mining Pool Ethereum two ASICs: Nevertheless, for historic purposes they are included in listings here where sufficient information is available. [22] While there are rare exceptions – for example chips that mine both Bitcoin and Litecoin – this is often because the chip package effectively has two ASICs: You might mine for decades using your laptop without earning a fraction of a single coin. [22] This study relates directly to the ASICs that Bitmain produces, such as the Antminer Z9 Mini, which is designed to mine the likes of Komodo, Bitcoin Gold, Zcash, and others. [23] Chinese cryptocurrency hardware manufacturer Bitmain accelerated this trend when the company introduced application specific integrated circuits (ASIC) to the market. [21] If you were setting up a serious GPU mining rig, it would likely be more expensive than buying an ASIC, because of the number of hardware peripherals you also must acquire for GPU. [24] New mining algorithms are making it possible to use the same ASIC for Machine Learning\AI which will lead to even more breakthroughs in that field. [24] It favors home miners instead of ASIC farms but it still uses same algorithm. [25] There were only two well known coins using this algorithm and due to ASIC even they have switched to proof of stake. [25] Nist5 is a proof of work mineable algorithm which is NiceHash able and was resistant to ASICs formerly. [25]

Those graphics cards consumed far less power per unit of work, and the results were Fpga Vs Asic Bitcoin Mining Create Ethereum App to times better than. [22] Hardware for mining In the Fpga Vs Asic Bitcoin Mining Create Ethereum App days of Bitcoin, many people were drawn to it, because to them it was a revolutionary and liberating idea. [22] It’s hard to Fpga Vs Asic Bitcoin Mining Create Ethereum App the exact causes, but currency value has exploded in the past year which at least explains the amount of attention Bitcoin is receiving. [22]

Capable of easily outperforming the aforementioned platforms for Bitcoin mining in both speed and efficiency, all Bitcoin mining hardware that is practical in use will make use of one or more Bitcoin SHAd ASICs. [22] While ASIC is the fastest and most efficient Bitcoin mining hardware, it is currently losing popularity. [22] We examined the Bitcoin hardware movement, which led to the development of customized silicon ASICs without the support of any major company. [22] ASIC technology encourages miners to have more active interest in the development and success of a project. [24]

GPU miners who are mining such coins still are not aware that they are competing with ASIC on network. [25] Crypto mining has become “clustered” with large crypto mining “farms” using ASICs to capture an increasingly significant portion of blockchains. [21] The tremendous efficiency and wealth creation opportunity that are inherent to ASICs has increased the likelihood that ASICs will eventually dominate the crypto mining market. [21] While ASICs may be a challenging issue for the crypto mining market to navigate, it may be the hidden threats that pose the greatest risk. [21] ASICs are taking up more blocks than their largest mining pool: Flypool. [23] When we made Bulwark mining guide we mentioned about the existence of ASIC for Nist5. [25] If you are still interested in mining Nist5 then you can rent ASIC from mining rig rentals and that way it should be profitable. [25]

Another thing that makes ASIC enabled currencies safer from attack is the fact that the miners are useful for only one purpose. [24] With enough money, it would be comparatively simple to get ahold of the necessary GPUs for overpowering a smaller cryptocurrency than for a similar coin with ASICs available. [24] If you are one of them then switch your GPUs to coins that are profitable and resistant to ASICs. [25]

This time we are going to post about an algorithm which recently became non resistant to ASIC and FPGAs and that is Nist5 hashing algorithm. [25] Hands on Experience with bringup of FPGA designs Knowledge of ASIC and FPGA design flows is desirable. [26]

With this ASIC build we don’t know if it will switch to PoS or change its algorithm. [25] On the Bitcoin network, even a supercomputer isn?t strong enough to out-process a handful of ASICs. [24] Riccardo Spagnai, one of the lead developers at Monero, cited “centralization of manufacturers” and a “centralization of consumers” as catalysts for Monero’s efforts to limit the impact of ASICs. [21] Crypto software developers are beginning to recognize the threat of centralization posed by ASICs and are attempting to adapt. [21] ASICs are highly efficient integrated microchips, that have made CPUs obsolete in the context of cryptocurrencies. [21] A common complaint heard today is that ASICs make cryptocurrencies more centralized and vulnerable to attack. [24]

An application-specific integrated circuit abbreviated as ASIC is an integrated circuit IC customized for a particular use, rather than intended for general-purpose use. [22] Abstract: In order to achieve the driver function for several types of scientific CCD detector from E2V Co Ltd, and decreasing the size of electronics of CCD detector system, an Application-specified Integrated Circuit (ASIC) was designed. [27]

ASIC enabled cryptocurrency is also protected against botnets. [24] Again, ASICs make those types of attacks impossible and keep hash power with those who have a vested interest in the currency. [24] An ASIC is a complete package, add a power supply, and you?re ready to go. [24] Responsibilities Mentor, manage and Lead ASIC RTL & Verification engineers working on ASIC IP Development as a first level manager… closely with the engineers on your team to help the organization deliver to its goals. [26] Contribute to verification infrastructure development for complex ASICs. [26] The question on the minds of Zcash holders and fans is whether the developers will choose to fight ASICs. [23] Zooko Wilcox, founder and CEO of Zcash, shares a similar sentiment in wanting to limit the spread of ASICs, but is less inclined to take efforts to do so. [21]

In the ASIC, the clock drivers are made of a clock switch circuit and high voltage amplifier. [27] Westpac has reported to ASIC that, as at 14 June 2018, it has paid approximately $12 million in compensation to clients impacted by Sinha’s poor advice and ongoing advice service failures. [28] ASIC also alleges that Westpac contravened sections of the Act, which requires Westpac to take all necessary measures to ensure that the financial services covered by its licence are provided efficiently, honestly and fairly, and to comply with financial services laws. [28] In June 2017, Sinha was banned by ASIC from providing financial services for a period of five years as a result of his failure to meet his ongoing advice service obligations. [28]

Coval Cryptocurrency What Is Changelly Exchange Crypto may well need mining software for your ASIC miner, too, although some newer models promise to ship with everything pre-configured, including a bitcoin address, so that all you Asus Cryptocurrency Motherboard Ethereum To Cad to do is plug it in the wall. [22] This has totally changed due to multiple factors, including the rise in network difficulty of most cryptocurrencies and the advent of complex ASIC miners. [29] Another worrying aspect of this development is that Bitmain has not released their Z9 Mini just yet, meaning that all the actions done to the network may have been conducted in-house by members of the company (there has long been speculation that Bitmain uses their ASIC mining rigs before shipping them off ). [23] The development team for Siacoin has also expressed their disdain for Bitmain, although they decided not to become ASIC resistant as they felt it was ideologically opposed to their beliefs. [23] This would not be the first time that a privacy coin and the ASIC community have been interlocked– a while back, Monero chose to become ASIC resistant as a means of fending off Bitmain. [23]

As of now we’ve listed coins and algorithms that are ASIC resistance. [25] Nist5 is a power efficient algorithm and since it uses core it was proven that it is not as ASIC resistance compared to other memory heavy algorithms. [25] Voricks conceded that there was “no single ASIC resistance algorithm that our chip devs have looked at and said couldn’t do”. [21]

Electroneum is based on an advanced version of the CryptoNote algorithm, which means that it is ASIC resistant. [29] All other CryptoNotes are ASIC resistant too, so you can still mine them with your CPU or a GPU. These include dashcoin (DSH), fantomCoin (FCN), quazarCoin (QCN), monetaVerde (MCN), infinium-8 (INF8), digitalNote (XDN) and aeon (AEON). [29] Being a CryptoNote, monero is also ASIC resistant so you can mine it with your PC, or just a single GPU. [29] Bytecoin (BCN) is ASIC resistant, so you can mine it with a simple PC or GPU. [29]

ASIC miners are more energy efficient than their GPU counterparts. [24] This factor creates an incentive for owners of ASIC miners to act in the best interest of the currency they mine. [24] I’m really just trying to understand why there’s asic miners for like every major currency but not the one that’s currently on the 2nd place of the market place. [22] It is true and even recently it became completely non resistant with the release of Baikal ASIC miner BK-X. [25] Even though this news on ASIC miner for Nist5 is a month old; the reason why we are mentioning it again is to bring awareness among GPU miners. [25]

ASIC mining has consumed 40% of blocks in the Zcash network. [23] The fact that Bitmain’s ASIC mining computers can reach 40% on the Zcash network spells bad news for the future. [23] A study by Forklog has found that ASIC mining rigs are consuming a considerable amount of the Zcash ecosystem. [23]

ASIC mining software is still developing and reaching new highs, while new cheap and sustainable power solutions are also coming into play. [22]

The list of ASIC resistant (CPU/GPU mineable) altcoins also includes vertcoin (VTC), ethereum classic (ETC), gridcoin (GRC), and curecoin (CURE). [29] ASIC manufacturers take the best that technology has to offer and customize it for one particular operation. [24] A single ASIC chip can match the capabilities of 1200 CPUs. [24] Using ASIC chips to attack a blockchain would devalue the chip used to make the attack. [24]

ASIC stands for Application Specific Integrated Circuit, and these miners are made with the specific purpose of mining cryptocurrency like Bitcoin. [30] On the downside, ASICS profitability is vulnerable to more efficient ASICS. The S7, a past generation Bitcoin Miner from Bitmain, is no longer profitable enough to overcome the electricity costs associated with mining. [31]

GPUs are valuable in many industries beyond mining, and unlike ASICS their price is influenced by industries such as Virtual reality and Gaming. [31]

Zcash picked Equihash because of ASIC properties and this makes the network easily accessible to smaller miners who help provide market balance for others with higher capabilities. [32] This flexibility protects miners from future ASICS and coin price volatility. [31]

ASICs are also vulnerable to cryptocurrency algorithm changes. [31] Many high-performance systems today use custom ASICs or SoCs to provide the necessary computational power and data bandwidth demanded by their host system, whether it’s a network storage device, network data switch, complex industrial equipment controller, or a critical core module of a defense system. [33] ASIC is now forming partnerships with groups like Oxfam to explore how to enable small farmers to enter the supply chain and to use this opportunity to integrate work on Womens? Economic Empowerment work on aquaculture supply chains in Vietnam and Indonesia. [34] ASIC stakeholders, who represent various elements of the Asian Seafood Industry including producer organizations, processors, environmental non-government organizations, and local certification bodies, work in conjunction with export market stakeholders, including NGO’s, buyers, and certification bodies, to build innovative tools designed to foster improvement for both shrimp aquaculture and fisheries in the region. [34] Many Alt-coins were specifically designed to be incompatible with ASICs. [31]

This occurred on 7th June as part of the company’s commitment towards Application Specific Integrated Circuits (ASIC) resistance debate. [32] ASIC are chips that are built for a particular purpose and range from managing a phone call to audio processing. [32] Due to this, GPU rigs have longer payback periods, and higher resale value compared to ASICS. [31] The monitor.conf configuration file provides information about the type of data to collect, the switch ports to monitor, how and when to start reading the ASIC (such as when a specific queue length or number of packets dropped is reached), and what actions to take (create a snapshot file, send a message to the /var/log/syslog file, or collect more data). [35] This explains why Zcash must adopt ASIC. The firm began to consider it after receiving feedback from the community and the new ASICs are more equipped to handle different Equihash parameters. [32] This device is an Equihash-focused ASIC and it appears that it was personalized for Zcash to be shipped out by the end of the month. [32]

The ASIC monitoring tool is managed by the asic-monitor service, (which is managed by systemd ). [35] To configure ASIC monitoring, edit the /etc/cumulus/datapath/monitor.conf file and restart the asic-monitor service. [35]

ASIC Miners are professional mining computers that are designed for computing one specific algorithm and only that algorithm. [31] All cryptocurrencies have their own Cryptographic algorithm that are used by ASIC miners to mine particular currencies. [32]

Today, it is no longer truly feasible to mine in this manner, and the Bitcoin miners have moved on to ASIC mining tools. [30] The competition is fierce in Bitcoin ASIC mining, and it is nearly impossible to solve a block on your own if you are using only one or two machines. [30]

If bought at the right time, ASICS have higher earnings per day, and the hardware costs on an ASIC miner can be paid back within the first year. [31] On the following day, the brand, on their blog, stated that the ASIC resistance question is now more urgent than ever since Bitmain announced that the new AntMiner Z9 mini would be readily available. [32]

RANKED SELECTED SOURCES(35 source documents arranged by frequency of occurrence in the above report)

1. (29) Ethereum ASIC Miner Analysis 2018 | Threat or a Nonsense?

2. (16) What is this ASIC resistance? : Electroneum

3. (15) FPGA vs ASIC: Differences between them and which one to use? Numato Lab Help Center

4. (15) BLOKFORGE | What Makes The ASIC Chip So Great For Cryptocurrency Mining?

5. (13) The Problem With ASICs Loki

6. (13) Nist5 Algorithm – Nist5 ASIC miner (Baikal) and list of all Nist5 Coins

7. (12) Fpga Vs Asic Bitcoin Mining Create Ethereum App Auro Oceanic Resort

8. (11) ASICs Chips and the Centralization of Crypto Mining – Quantamize > Blog > Blog – Article

9. (11) Cryptos War On Miners? It Might Already Be Over – CoinDesk

10. (10) ASIC will extinguish FFSP relief ? unless convinced otherwise | Herbert Smith Freehills | Global law firm

11. (10) Secret ASICs for the People: Obelisk Reveals Plan to Fight Big Miners – CoinDesk

12. (10) ASIC Mining Hardware – The Future of Crypto Mining

13. (9) Zcash is being Strangled by ASIC Miners – Crypto Disrupt

14. (9) Accreditation Service for International Colleges – Wikipedia

15. (8) Zcoin (XZC) Introduces Merkle Tree Proof ASIC Mining Prevention Algorithm

16. (8) ASIC vs GPU What is Better? Mining Well

17. (8) FPGA vs ASIC Mining | NullTX

18. (7) Zcash News Today: Zcash [ZEC]’s Research for ASIC Miners in Equihash and Zcash Ecosystem / Zcash Price Prediction | Smartereum

19. (6) Cryptocurrencies you can still mine with CPU/GPU in 2018 – Cointelligence

20. (5) Zcoin’s Merkle Tree Proof Release Seeks to Bring Back Fairer Mining – .

21. (5) Zcash [ZEC]s research for ASIC miners in Zcash and Equihash ecosystem

22. (4) Study Reveals ASIC Miners Represent 30% of the Equihash Mining Hashrate – Bitcoin News

23. (4) GPU and ASIC – A Correlation and Barometer for Cryptocurrency Traders

24. (4) FPGA (Field-Programmable Gate Array) vs ASIC Crypto Mining Comparison

25. (3) ASIC Verification Engineer Jobs | Glassdoor

26. (3) ASIC starts civil penalty proceeding against Westpac for poor financial advice – International Investment

27. (3) How to Set Up ASIC Miners – QuoteColo

28. (3) ASIC Monitoring – Cumulus Linux 3.6 – Cumulus Networks

29. (2) Asic Project Manager Jobs, Employment | Indeed.com

30. (2) [1805.12211] A Driver ASIC for Scientific CCD Detectors Using 180nm Technology

31. (2) ASIC NEWS — Asian Seafood Improvement Collaborative

32. (1) mining hardware – Is asic-resistance obsolete? – Bitcoin Stack Exchange

33. (1) ASIC Design Services, FPGA-SoC Development and Verification | eInfochips

34. (1) Optimizing Your SoC or ASIC to Design PCBs More Cost Effectively

35. (1) ASIC Design – Quora