FPGA Private Bitstreams become public? - ASIC vs FPGA

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Days ago, I posted an article about Private bistreams that can be used only by registered users [in a sense]. And for a while, it was more profitable than any. Now, it seems the war on FPGA has begun by the ASIC. Ever, since the private biststreams came online, the nethash sky rocketed and still the difficulty did not increase much. It was smooth, until last week. The nethash rose to a new high and the value is almost 4 times of what it was few weeks earlier.

Some users claimed it could be ASIC and the developers are so concerned that FPGA spoiled their mining ecosystem. When we researched into this issue, it was obvious. Baikal G28 was designed to mine groestl, but some wise guys altered their firmware and reprogrammed [which is almost impossibly, almost] to mine diamond gorestl which is the private bistream. Across mining pools, a single miner has a hashrate of 28 or more GHS. FPGA can give a maximum of 1.1 GHS per device. No one in the world has 28 VCU1525s except 2 developers whom I know. The miners count is more than that. 

Then, I contacted some developers to inquire about this, and they confirmed my doubt. Those suspicious miners are ASIC, they figured a way to penetrate the mining and the blame goes to the FPGA. However the coin developer, refused to accept this at first and was readying a new algo. It seems, our beloved FPGA developers contacted the coin dev directly and strike a deal. The new algo will be FPGA friendly to kick the ASIC out of the system. So, we may expect an announcement pretty soon.

Before ASIC, FPGA owners get $11-$16 daily. After ASIC got in, the profit decreases to a mere $1. No numbers could portray, the worst an ASIC can do. 

With Dec 10 around the corner, and the new algo that is FPGA friendly, FPGA miners have good week ahead. Stay tuned for more info. Please follow this space and share it with your friends.

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