This kind of long term commitment really does hit home the fact that we are in such early days. This is basic infrastructure to support blockchains. It's going to take a lot more of this kind of thinking to support the potential for these projects.
kivo3606 - 7 years account age. 350 - 700 comment karma.4 months ago
My bet is that this is to support scaling (not mining), in particular hardware optimised nodes & hopefully dedicated ZKSNARK logic.
ZKSNARKs would offer a ~24x for ETH transactions and ~50x for ERC20 transfers performance benefit on top of any other scaling solutions. E.G if we get 100 shards then could get 5000x the current speeds with both.
ZKSNARKs are currently too slow to use for complex transactions but dedicated hardware could make them viable.
Yeah there is so much potential here, it will take some time still though.
From VB also:
"And yes, I understand that the above requires some quite heavy duty computing work on the part of the relayers. But at this point it’s widely known that optimizing SNARK/STARK provers is super-important so I’m sure there will be more and more software engineering work going into it over time."
"...I think in the long run, proof generation will in many cases be done by a specialized class of “miners” running GPUs and more specialized hardware"
> ConsenSys announced a collaboration with Abu
Dhabi-based Halo Holdings and AMD to develop optimized datacenter solutions for emerging blockchain workloads through the creation of W3BCLOUD
This doesn't necessarily point to mining. They may be developing a datacenter for general ethereum nodes. Kind of like Infura but for enterprise