3 ms·
Ethereum's block hash algorithm is more memory intensive than bitcoin's and benefits less from ASIC work -- please correct me if I'm wrong but I don't think tha
by surrey-fringe 9y ago
Ethereum's block hash algorithm is more memory intensive than bitcoin's and benefits less from ASIC work -- please correct me if I'm wrong but I don't think that it faces the same problems.
- tempay 9y agoThe same thing applies, you have to buy/power GPUs and decide they are best utilised mining ethereum, mining another coin or powering your new startup.
- rothbardrand 9y agoYou're right and it's proven pretty robust at that. This is a good proof of work, because it means that anyone with commodity hardware can set up a miner, and the playing field is pretty level.
- nosuchthing 9y agoAssuming everyone has existing funds to acquire mining hardware. Large existing expendable cash has a greater advantage to mine and mint. Mining pool operators are also in a position to manipulate minting and transactions in the network.