0xBTC Asics

[Anonymous No.14324845]

Alright fags, I want to start building an Asic device to mine 0xBTC, I have enough money to fund a trial device.

The current state of mining of 0xBTC is not profitable anymore (same like bitcoin in 2011-12)

Anyone out there with asic/hardware experience? The first to make this will have advantage, I want to be the first.

[Anonymous No.14324856]

poo pee poo pee

[Anonymous No.14324875]

>>14324856
fuck you faggot

[Anonymous No.14325002]

>>14324845
Do you really think you have enough resources to build the world's first SHA3 ASIC? 0xBitcoin probably isn't large enough yet to warrant something like this.

[Anonymous No.14325022]

i don't want to be discouraging, but i don't think posting to 4chan is the probable first step in manufacturing a working ASIC miner. good luck though. 0xPizza part II

[Anonymous No.14325029]

>>14324845
It costs well into the 6 figures to design and fab one

[Anonymous No.14325245]

One of the biggest criticisms to 0xBitcoin is that it distributes via Proof of Work, but it uses Ethereum's PoW as security rendering smart contract proof of work as redundant. I would argue that the economics of electricity-based distribution stands on it's own, however, taking a step outside of my own bias I realized that perhaps there's a point here - even better, an opportunity.

This is a diagram I put together late last year outlining a suite of potential Layer 2 applications using 0xBitcoin's proof of work. Put simply, one can propagate 0xb PoW onto Layer 2 services while keeping them decentralized. This image comes from a 2 part Medium article outlining the details of a simple system for those interested:

https://medium.com/0xbitcoinfoundation/arbitrary-off-chain-security-using-0xbitcoin-merged-proof-of-work-7c4ff0d07d3f

https://medium.com/0xbitcoinfoundation/arbitrary-off-chain-security-using-0xbitcoin-merged-proof-of-work-part-2-show-me-the-code-b63254f1d117

In essence, one can use a sort of 'merged mining scheme' to chain and secure multiple off-chain services like cross chain bridges, decentralized oracles, payment channels, or even layer 2 compute/storage systems, eventually rewarding the original miner 0xBitcoin fees for security services rendered. The really cool thing is that given the deterministic nature of 0xBitcoin's Proof of Work, these services would benefit from the security of 0xBitcoin's Proof of Work solution, without effecting any of the existing infrastructure. So all mining software and hardware, the mining pools ( shout out to Mikers ) and of course the contract itself remains unaffected. This is a new type of layer 2 infrastructure that can be daisy-chained between the mined solution and the mint() method of the 0xBitcoin contract.

We are currently experimenting with a crosschain bridge, and playing around with a layer 2 decentralized oracle. Hop on over to the discord and say 'hi', it's really friendly over there.

[Anonymous No.14325483]

>>14325002
Not to discourage the OP, but another tricky aspect is that in the time it takes to design one, a competitor could potentially beat you to market with one on a smaller process node, thus beating you on efficiency. Might be tough to get the investment R&D money if you can't really be sure of return on investment.

Mining is already profitable for some people, becoming moreso with difficulty decreasing, more efficient GPUs have started coming out which also pack more CUDA cores onto a single die than the previous generation, and the mining software is getting faster.

It's important to remember "ASIC" does not mean "Magic". It means a whole IC that is dedicated to a single task but that's just one factor in an equation with numerous parts, and comes with tradeoffs in the unchangeable monolithic design, aging process and lack of commercial availability at economies of scale that would make them more affordable

[Anonymous No.14325512]

>>14324845
at any rate, OP: get in touch with the folks on the Discord if you are serious, good luck

[Anonymous No.14326067]

lurkers and newfags beware !!!! 0xbitcoin was a biz-invented ASIC scam token, etc etc etc

[Anonymous No.14326185]

Get some specific stones, a magnifier and a light source.

[Anonymous No.14326846]

LURKERS & NEWFAGS BEWARE - 0xBITCOIN WAS A BIZ PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2018

0xBitcoin was a /biz/ invented FPGA miner scam token.
Almost everywhere online 0xBTC threads are deleted, ie plebbit, its that big of a scam.
The actual daily 24hr volume on 0xBTC is under $10,000 - CMC reported volume is 95% wash trading
Don't believe me then buy $300 worth of 0xBTC and watch the price move by 20%

Around the time that these miners were pumping 0xBTC they shilled /biz/ CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these 0xBTC scamming faggots think that /biz/ has forgotten about what they did.
Lots of anons were fooled into buying it at $2-$4.
Now there are tons of bag holders of this shitcoin and ALL of the 0xBTC threads on /biz/ are made by these miner faggots where they coordinate /biz/ shilling in their 0xBitcoin discord.

This project has a better chance of always being worthless than even worth $5.
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on /biz/
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that 0xBTC is a miners scam token.
What's more is the FPGA miners mining this shit are now only making about $0.08/0xBTC and it keeps dropping.
It's incredibly not profitable for anyone besides FPGA fags to mine this shit.

Don't fall for this fucking miner scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on bizlets
>miner shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE

What's more is that 0xBitcoin DOESNT EVEN PUMP WITH LEGACY BITCOIN!!
>do not reply to 0xbtc shill posters