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Can anybody explain to me why would anybody try to make their alt-coin ASIC-resistant? They claim it is do decrease centralization but like parent says it just
by aiCeivi9 7y ago
Can anybody explain to me why would anybody try to make their alt-coin ASIC-resistant? They claim it is do decrease centralization but like parent says it just makes 51% attack possible with cloud computing and 0 investment in hardware or logistics.
- tempay 7y agoThe issue with ASIC mining is the the barrier to entry is extremely high so only a small number of people have the means to produce the chips. Economically it might not make sense to sell them and, to make the situation even worse, patents can prevent competitors being able to use the same innovations.
- imtringued 7y agoThe first ASIC company can just keep the ASICs for themselves.