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Monero addresses this by using an ASIC-resistant proof of work algorithm: general purpose hardware is used for mining, which won't just be thrown away because i
by ajkdhcb2 5y ago
Monero addresses this by using an ASIC-resistant proof of work algorithm: general purpose hardware is used for mining, which won't just be thrown away because it can be sold and used for other purposes
- bitxbitxbitcoin 5y agoYet there are/were Monero ASICS nonetheless. ASIC resistance is a marketing term - especially for Monero.
- ajkdhcb2 5y agoThe current algorithm takes a completely different approach compared to when there were failures several years ago. It's not marketing, people have been rightfully sceptical but it seems like it works