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If the coin you're mining goes bust you can still sell the GPU and recoup some of the investment. With ASICs there's not much of a market for that.
by cbg0 9y ago
If the coin you're mining goes bust you can still sell the GPU and recoup some of the investment. With ASICs there's not much of a market for that.
- mrep 9y agoAlso, most coins try to design them to be ASIC resistant because they do not want them to become centralized.
- glup 9y agoI've heard this elsewhere but it wasn't clear to me what that being ASIC resistant actually entails
- ansible 9y agoThe algorithms used for Ether and some other altcoins require more RAM than is economically available for the current ASIC implementations. This was specifically done to deter use of ASICs.
- mrep 9y agoFrom what I have seen on HN, the algorithms are very memory heavy. Lots of relevant discussion in this thread https://news.ycombinator.com/item?id=16378417 https://news.ycombinator.com/item?id=16378417 Pro tip: google "hacker news" + whatever your interested in to find lots of high quality comments about a topic on old articles. That is how I found the previous link and what I do when looking into new technologies.