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Modern asic farms require a lot of up-front investment in developing hardware. All it takes is for one person to think he can hurdle the cliff and he can raise
by nnnnn11111 7y ago
Modern asic farms require a lot of up-front investment in developing hardware. All it takes is for one person to think he can hurdle the cliff and he can raise a lot of money to do it if the reward is there, not unlike the first group of people to raise funds to develop ASICS for Bitcoin (which were orders of magnitude faster than the hardware available at the time). We know Bitcoin can cope with a 100x more powerful asic coming online— can these systems cope with a 100x more powerful VDF?