Topic: ASICs are good and more centralisation is inevitable - page 2. (Read 1525 times)

First: What do I mean by centralisation. I just mean that there are individuals with more hashing power than others. I don't have a number about the mining distribution of individuals or companies...

Often I read here that ASICs are bad because specialized hardware leads to more centralisation. Because the normal user has no chance to mine it. Moreover, many people argue, that ASIC-proof coins will gain in value when the scrypt ASICs will come (because they think if you can mine it with unspecialized hardware, it gets more valuable for consumers? hm).

I say: If you want to reach a higher level of security, there is no way that every normal PC can mine it. Miners want to make profit and look for more efficient mining hardware. It is even more efficient to have a GPU or CPU farm instead of one graphic card in a gaming PC.
Let's assume, the current hartrate of Bitcoin gets divide to individuals with the same hashrate, one GPU with 600KH/s(a sapphire 7950). We have now 40 000 000 000 000kh/s, so this would be 67Mio. individuals. Each of them would get 0.000054btc every day. Depeding on your country you need 0.002-0.005btc electricity to the current btc price.

So now, tell me, how this should work.

Now just for fun, we can scale it down. What level of security would be possible if every miner has one GPU?
You could have 1.2mio. individual. Than every one would get as much coins to cover his electricity bill. That would be 1.8% of the current hashrate. If you consider that GPUs full power 24/7 are loud and likely you have it in your room where you sleep. You want to play a game from time to time. In reality it should be much less and most important, there is only an altrusitic motivation because there is no profit.