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a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing the
by rjzzleep 13y ago
a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing their asses off. something we will probably see in the next couple of years
- deleted 13y ago[deleted]
- oafitupa 13y agoMiners will go where profit is, and Satoshi knew this. Satoshi also predicted ASICs, so none of this is a surprise. You are just repeating the same nonsense as every copycoin holder.
- MWil 13y agocan you explain the disadvantages of allowing asic mining?
- haakon 13y agoNot everybody has ASICs, so it limits the number of people who can compete. In theory, this could create a centralisation effect. In practice, that seems to happen anyway due to mining pools.
- verroq 13y agoYou can always use P2Pool (http://whatisp2pool.com http://whatisp2pool.com). Decentralised mining.
- gst 13y agoOne of the main advantages of ASICs is that they prevent botnets from mining your coin. Also, specialized hardware prevents attackers from using general purpose hardware (e.g., by just renting a "few" EC2 instances). Only disadvantage in regard to ASICs is that the ride from GPU mining to ASICs is a little bit bumpy, but Bitcoin mostly already finished that ride.