FPGAs or field programmable gate arrays were used for crypto mining back in 2011, 2012, and 2013 before ASICs were created to preform the same task. FPGAs are utilized as a test bed for Integrated Circuit design and have recently made a comeback in the crypto mining scene. A lot of people have asked if they are worth buying at this point. I would say no because you have too much invested in hardware that doesn't have a ton of demand outside of Integrated Circuit design. You are reliant on developers releasing bitstreams for whatever algorithm you are hashing and especially in tough times like now they are going to hog the best and dominate so unless you can design the bitstreams yourself then you have to wait for them to let you have it.
With GPU mining some of the miners are closed source but the great thing is the fee is low and the GPUs can be used for more than just crypto mining or integrated circuit design.
Also people ask me if Steem and other blogging platforms such as WhaleShares or WEKU are a better option to earn more crypto. I basically break down some of the issues with the platforms. To go into more depth most of the blogging platforms besides STEEM have little to no liquidity so you can't really get in and out right now. I'm going to really focus more on heading for higher ground on a lot of these projects and focus on stuff that has solidified its existence and doesn't have as much down pressure and miss management.
Do you think anyone else realizes that most of the top witnesses hardly ever vote for any off the content on STEEM. Who's the bigger problem? Ned or the witnesses?
The difficulty in anticipating the future is that we do so based on the past.
When the original antminer came out, it was shit hot good stuff. Now you can get one for less than $50, and it isn't worth it to run it. (if you are paying for electricity from mining earnings)
One of Clif High's old reports talked about people in the future box-mining. Basically using anything that could run code to mine for cryptos.
This has a lot of possible meanings.
Such as, crypto prices are sooooo high, that getting anything is worth it.
But, this breaks down into different reasons why the high price.
Anyway, if that is true, anything you do, and can afford today, will pay off hugely in the future. The problem is getting to that future intact.
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Yeah getting to the future intact is certainly the issue for sure. If this bear market last more than a year longer I would start getting somewhat worried.
I haven't spent my money on crypto I have just converted my money to crypto!
I don't anticipate any sort of financial apocolypse like what is going on in Venezuela or anything. I mainly look for another boom cycle that will provide me with 10X gains. But I will start shaving profits at 5X gains. I'm being conservative! lol
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Good observation...actually, while doing my Monthly Audit of the witness I used to check as well if they upvote content or just run the witness and that’s all... for me it is an important point
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It is hugely important and the majority of them aren't really doing anything. Having the witness up and running isn't anything that special. I'm a top 20 witness on VIT but there is no liquidity in the system.
It is pretty upsetting but I have seen enough on this blockchain to be honest.
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