Update on our bitcoin mining ASIC work https://www.mining.build/update-on-our-bitcoin-mining-asic-program/
Discussion
Nice Jack.
Bro out here doing God's work!
That's awesome jack. Good work. Looking forward to the five and especially three nano tech.
this is a very big effort, and one I’m really excited about. Will have significant impact, especially to decentralize mining, which reduces a threat to the overall network.
🫂 good morning, I’m happy you found excitement
You had me at “really excited” 🤙🏻🫂
Will this be for individual use as well vs. just enterprise? I think that’s a massive step to bringing mining to the masses.
🫂
Will probably release right after the hardware wallet!
why did Intel stop?
are you gonna optimize machine for immersion?
Nanotech is badass awesome! Entrepreneurs struggling to build use cases and large businesses deliberating upping the micro range tech - but you guys just ride the wave like it’s a simple blog post - read this from Thomas’s post yesterday - so incredibly impressed with how innovative and forward thinking and transparent your team is
Didn't intel announce they would stop producing chips at the end of this year?
Bitmain & MicroBT is a tough duopoly to crack.
Yes
Keep rocking #[1] 🤙🏻
Interesting to see how many things you are involved in..
Must remember I can’t zap from the simulator! Great to see. Two questions:
- Thoughts on ASIC resistance in Bitcoin (*stares longingly at my 3090*)?
- What will expected cost be roughly?
maybe if it showed a qr code… js
to early to say on the second, but it will be competitive…not sure what you mean by the first.
The horse has probably bolted now on the first anyway and would certainly be unpopular with the big miners who have invested a lot in hardware. But (in theory) you can make a mining algorithm resistance to ASICs when means generalized (cheaper) hardware like home CPUs/GPUs can still be used for mining.
asic resistance has always been a lie. you can always make ASICS that fit any criteria you throw at it.
I think idea is to therefore change the the criteria you throw at the miners. But yes, agree it’s “in theory” and could end up with someone who cracks it whilst the rest of us are unaware.
The main thing is bitcoin would never change its mining algorithm as that would be a pretty serious hardfork and it wouldn’t be bitcoin anymore.
So if one miner who has 50,000 machines at 1 trx can solve blocks solo faster than a pool that holds 25%?
Well, if it is not clear written, then here is the question.
how many numbers "Nonce" can one miner with 10 TRH/S on board in 600 seconds?
Has anyone counted it?
it seems that this is not so little, but if we soon see an increase in this number to 64 bits, then someone already knows what's going on! ))))
-What I want to say with this... If there is a restriction somewhere, it will be used against whoever came up with it.
it seems that it is impossible to go through 4,000,000,000 options in 15 seconds, then you don't understand mining)))
Exactly, a general purpose CPU will always be outcompeted by an ASIC on a specific task
Do ASICS exist for RandomX (genuine question)?
So if one miner who has 50,000 machines at 1 trx can solve blocks solo faster than a pool that holds 25%?
Well, if it is not clear written, then here is the question.
how many numbers "Nonce" can one miner with 10 TRH/S on board in 600 seconds?
Has anyone counted it?
it seems that this is not so little, but if we soon see an increase in this number to 64 bits, then someone already knows what's going on! ))))
-What I want to say with this... If there is a restriction somewhere, it will be used against whoever came up with it.
it seems that it is impossible to go through 4,000,000,000 options in 15 seconds, then you don't understand mining)))
It comes down to economics. If there was a randomx coin that became more valuable then bitcoin the hardware would follow. It might be slightly more difficult than straight sha256, but if there’s money to be made by having a huge advantage then of course ASICS would be built.
This reminds me of a question I asked on the bitcoin stack exchange in 2014 😅
Some more replies there:
https://bitcoin.stackexchange.com/questions/20364/asics-and-large-memory-requirements
Cant believe that was 9 years ago. I feel old …
It’s good to keep asking these questions though :-)
Interesting read ta. It would be a risky endeavor to invest in building an ASIC if you knew the intention of the developers is to be ASIC resistant and could amend the algorithm (although appreciate that would mean frequent hard-forks).
yup, that probably contributes more to asic resistance than the actual algorithm which wouldn’t even really matter at that point. It would also probably also kill the economics because coins that hardfork go to 0 a lot quicker, not to mention all shitcoins go to 0 eventually.
I’m assuming that such changes to the algorithm would result in a change in the consensus rules and therefore would necessarily be a hard fork, is that correct?
So if one miner who has 50,000 machines at 1 trx can solve blocks solo faster than a pool that holds 25%?
Well, if it is not clear written, then here is the question.
how many numbers "Nonce" can one miner with 10 TRH/S on board in 600 seconds?
Has anyone counted it?
it seems that this is not so little, but if we soon see an increase in this number to 64 bits, then someone already knows what's going on! ))))
-What I want to say with this... If there is a restriction somewhere, it will be used against whoever came up with it.
it seems that it is impossible to go through 4,000,000,000 options in 15 seconds, then you don't understand mining)))
Bon travail suis trop fière de toi et de l'ensemble de tes équipes, moment maintenant de prendre soin de toi et de tous ceux qui t'attendaient enfin que tu puisses enfin atteindre le bout du tunnel. Te connaissant créer et bossant à tout moment que primordial pour toi au détriment de tout autre engagement d'ordre personnel. 💜⚡♾️
oh that's so very cool and needed 🤙
perhaps we also need more producers of equipment used by asic producers, as that could become a bottle neck 👀
Agree and that’s why we’re working on a mining development kit as well - giving people access to tools (ie. asics, boards, open source software and firmware, documentation) to make it easier for others to build equipment alongside the ones we’ll design and offer.
Decentralizing the supply chain is a critical first step in helping to decentralize the greater mining industry
You need to watch bitluni live on youtube. These 2 crazy guys do a full asic design in a 6.5 hr live stream. Real hacker spirit.
I only know a little bit about Verilog and these guys make everything so interesting.
Wow.
Also for powersaving you can look at femtosenses use of ai and strategically placed memory for noise reduction using low power.
This is an important project for Bitcoin adoption
By now, I can say bullmarket is officially started.
#bitcoin
P.S. Not Financial Advice
It would be great if mining ASICs (and support hardware) could be designed to encourage recycling.
Latest gen chips that become uncompetitive for professional mining, can have a second life in home water and space heaters. Mining revenue only needs to partially offset power costs if the waste heat is used.
This could help increase decentralization and the useful life of ASICs.
💯
Exciting that you’re building on 3 nanometers! And I applaud the commitment to open sourcing as much as possible. 💪👏 
Does this mean the intel chips and machines acquired by blocks will be open sourced, as well?
🤙🏾 great that this open source!
Good luck with everything Jack. It’s something that’s concerned me regarding bitcoin mining post 2013.
Since the topic of ASIC resistance came up…the idea is to make it easier for everyone to hop on board and participate with widely available resources. If bitcoin took the approach a popular privacy coin has we’d have even more ‘bitcoins’ out in the wild.
Awesome, mining has been out of reach for the average joe for a while, I hope this changes that somehow.
Did you know there is a lot of unused energy producing infrastructure in Costa Rica due to government policies? My understanding is that the government stopped buying electricity from private providers last year.
Just saying...
Where is the point of sale lightning at? You reference your POS in this article and lightning integration is software so how is Block tracking after 3.5 months? 
How much are they?
Fucking awesome! Do you have the rights to make more of Intel’s ASIC?
I had flashbacks to physical chip security trainings. The full ecosystem security needed to protect and validate that no malicious injection from fab to end user. I recall a chip replacement from manufacturer to client that had a ORG in the middle that replaced chips to compromised encryption. Trust is needed, by verification keeps all legit
Do you plan single board 110V <30 J/Th?