[latchkey]

This doesn't work for ETH1, which is PoW, but memory hard, which ties the network to GPUs over ASICs due to the cost structure of producing ASICs. It is cheaper to buy an off the shelf GPU than it is to buy an ASIC.

You also have to factor in the fact that the latest GPUs are not necessarily the best ROI. If you can get lower speed GPUs for a fraction of the cost, then your return on that is much faster. Of course, that is starting to change now that mining is becoming so profitable again. But regardless, you are still tied to GPUs, so anything you can get there is good.

[gruez]

> It is cheaper to buy an off the shelf GPU than it is to buy an ASIC.

Ahh I guess all the people making/buying ETH mining ASICs must be out of their minds then? First result I found: https://www.coindesk.com/linzhi-rollout-long-awaited-ethereu...

[latchkey]

You know how much that costs? I specifically mentioned ROI.

If you did the research into that one, it also only has 4.4gigs of ram. It will also slow down (aka: zombie mode) starting early November 2021 once the DAG gets large enough.

https://minerstat.com/dag-size-calculator

It takes about an hour of running it, just to start mining because the DAG generation takes so long.

By the way, Linzhi only sells to large customers because they've taken so long to produce this thing (years now) that they don't have enough money to front the production run.

They are also a super sketchy company. You should have seen the stuff they pulled during the ProgPoW debate.

Disclosure: I'm a very very large GPU miner and I'm deeply involved in this business.