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I thought there was a change to the protocol that prevented ASICs from being as effective? Perhaps I misunderstood in the context of Bitcoin, but in the contex
by philipodonnell 9y ago
I thought there was a change to the protocol that prevented ASICs from being as effective?
Perhaps I misunderstood in the context of Bitcoin, but in the context of the investment in GPUs providing support to pricing, I think that is validated just from the news a few days ago that GPU pricing because of crypto demand was causing pricing issues in PC-gaming. And the same principle should apply to whatever "effort-based" mining technology is in use; any significant investment in hardware will be a disincentive to allowing improvements in the efficiency of said hardware.
- Karrot_Kream 9y agoA lot of altcoins have come up that are ASIC-resistant. A lot of these use memory as a bound, but GPUs sill have the memory bandwidth to make mining fast.
- philipodonnell 9y agoI must have mixed up some notes about ASIC-resistant altcoins with some older info about Bitcoin, its quite difficult to keep track.
- dlubarov 9y agoBitcoin is still using (and probably will always use) SHA-256 as the proof of work problem, which ASICs are great for since it takes negligible memory.
- asdfqwerutoe 9y agoXMR/ETH use GPU