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What do you think of the way things like ZCash and Monero solve that problem? They use hashing algorithms that are more or less immune to ASICS. This is especia
by piracy1 8y ago
What do you think of the way things like ZCash and Monero solve that problem? They use hashing algorithms that are more or less immune to ASICS. This is especially true in the case of Monero which just tweaked their PoW algo in order to set monero ASICS back. Stopping ASICs promotes the average person mining on their gaming rig or things like that.
Also
"A small handful of men ultimately control the Bitcoin network because they have authority over 50%+ of the hash power"
I think that's a bit hyperbolic. A small handful of men control where the hashing power currently is. However, that can change very quickly. If you don't like what a pool is trying to use your hashing power for, leave that pool.