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OK, so now if Bitmain develops an ASIC they just won't tell anyone about it. Apart from the increase in difficulty (which is increasing all the time anyway), h
by paulmd 9y ago
OK, so now if Bitmain develops an ASIC they just won't tell anyone about it. Apart from the increase in difficulty (which is increasing all the time anyway), how would you know?
The ASIC companies are already de-facto mining operations. Bitmain premines on the customer's hardware and only ship once they've taken their profit and spiked the difficulty up. BFL did the same thing back in the day.
- _nalply 9y agoNot always. A friend got two A3 miners and they seem rather new because they still copiously outgas formaldehyde.
- ryan-c 9y ago> OK, so now if Bitmain develops an ASIC they just won't tell anyone about it. "Moving forward, developers will seek to protect the network’s ASIC resistance by slightly modifying its PoW algorithm at every scheduled hard fork, which generally occurs twice annually. These changes will not be noticeable to ordinary XMR users, but they will alter the network’s hashing algorithm enough that Cryptonight ASIC miners would become obsolete following every fork."
- deleted 9y ago[deleted]
- paulmd 9y agoA cat-and-mouse game where you have no idea if you're successful or not? Doesn't sound winnable to me. And remember that those changes will have to be choreographed well in advance so that other miners can implement the changes too - at which point Bitmain will know the changes as well. And you're going to do a major enough shakeup of the algorithm to break ASICs every 6 months, and it's not going to piss off the miners? This is a pretty tall order IMO.