The battle between developers and hardware manufactures seems to be picking up speed. I'm starting to realize that nothing is ASIC-Resistant forever since computers are becoming more and more advanced. I know that knocking ASICs offline is great for GPU miners and is better for short term decentralization, but I seriously wonder about it's long term impacts. Yes GPU mining is more profitable, but now the network has lost a significant amount of hashrate. Isn't the development of ASICs simply an evolutionary step of a free market? If coins keep forking ASICs when they are released, I fear that this may only lead to giant coorporations mining with their newly developed ASICs for themselves entirely in secret without attempting to sale or distribute them.
Your so right! Ive come to the conclusion that Asics are necessary to sustain the hashrate needed to insure fast transaction speed on blockchains, however they are monopolize and with that comes greed. Perhaps we need asics that are manufactured competitively or perhaps move to POS!
The battle between developers and hardware manufactures seems to be picking up speed. I'm starting to realize that nothing is ASIC-Resistant forever since computers are becoming more and more advanced. I know that knocking ASICs offline is great for GPU miners and is better for short term decentralization, but I seriously wonder about it's long term impacts. Yes GPU mining is more profitable, but now the network has lost a significant amount of hashrate. Isn't the development of ASICs simply an evolutionary step of a free market? If coins keep forking ASICs when they are released, I fear that this may only lead to giant coorporations mining with their newly developed ASICs for themselves entirely in secret without attempting to sale or distribute them.
Your so right! Ive come to the conclusion that Asics are necessary to sustain the hashrate needed to insure fast transaction speed on blockchains, however they are monopolize and with that comes greed. Perhaps we need asics that are manufactured competitively or perhaps move to POS!
Awesome video to check out this is cool thanks for sharing that out : )
hey @jacobcards! Thanks for sharing this video I found it really interesting! I also have similar content in the blog, you could have a look:)
Nice man!