Comment
Author: Admin | 2025-04-28
Money invested in the coin which leads to the other points. GPU and CPU miners are only going to mine what is currently the most profitable , Asics lock down to a specific algorithm, a network that can drop in hashrate by a monumental amount due to a new coin coming out doesn't help a network.ASICs costs money yes, but that's not an investment into a coin. They don't bring any money in, their aim is the opposite. It's all about the value of all the coins that can be mined each day.There are hundreds of different ASIC coins, not just one of each so some flexibility is there as well. ASIC miners also jump around to mine the most profitable coins. Not your keys, not your coins! shyliar Any POW coin that is worthless has a ASIC resistant algo. If it gains value ASICs will be built for it. bathrobehero Legendary Offline Activity: 2002 Merit: 1051 ICO? Not even once. ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.What? That's a total lie, Asics get tons of investments going and then dedicating miners to that algorithm (more the main coin behind it)but that keeps the coin interested and more people into it. Why do you think litecoin has been around for so long? Without asic it would have sank a while ago.None of that is true. ASICs don't make more people interested, they completely shut CPU/GPU miners out and waaay more people have CPUs and GPUs then ASICs.ASICs cause centralization, there are trust issues with some ASIC companies, they may or may not use their hardware before shipping them when it's super profitable, delayed shipments (likely because of the previous point) and old ASICs become completely worthless.You missed the whole part of Asics bringing in money invested in the coin which leads to the other points. GPU and CPU miners are only going to mine what is currently the most profitable , Asics lock down to a specific algorithm, a network that can drop in hashrate by a monumental amount due to a new coin coming out doesn't help a network.ASICs costs money yes, but that's not an investment into a coin. They don't bring any money in, their aim is the opposite. It's all about the value of all the coins that can be mined each day.There are hundreds of different ASIC coins, not just one of each so some flexibility is there as well. ASIC miners also jump around to mine the most profitable coins.They don't bring money into a coin? They get people to buy miners specifically for that coin, just
Add Comment