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I thought the inefficiencies in Ethereum were intentional to limit the influence of mining farms and to permit home users to actually be able to contribute and
by cptskippy 9y ago
I thought the inefficiencies in Ethereum were intentional to limit the influence of mining farms and to permit home users to actually be able to contribute and mine.
With BTC you can't participate unless you invest in expensive ASICs specifically for mining.
- cantrip 9y agoNot sure where that's from but that's not true. There are no intentional inefficiencies and you can't mine Ethereum individually.
- cptskippy 9y agoYou can mine with you GPU in a pool. You can earn a whopping $4 a week with a mid range GPU. I wasn't saying that it's intentionally inefficient, just that it's purposefully designed to be ASIC unfriendly.
- jmeyer2k 9y agoNo, every node executes the code running on the blockchain. This will be changed with sharding requiring only a percentage of nodes to run the code.
- igorgue 9y agoEthereum hashing algorithm is optimized to be ASIC resistant, in other words you can mine it with GPU and CPU, a more accessible kind of hardware (in fact home hardware). That's not an inefficiency, it's if anything more efficient with GPU. The transaction problem applies to both, regardless of the mining algorithm.