Topic: Can ASIC resistance truly be achieved? (Read 140 times)

In this case, it's safe to say that ASIC resistance is just a myth. The same principle applies to decentralization. Most cryptocurrencies claim to be fully decentralized, where in fact, they have some certain level of centralization within them. The most popular consensus algorithm (known as PoW), is probably the most centralized one in existence today. It's no wonder why Bitcoin is still largely dominated by big players in the mining industry (like Bitmain) leaving small miners behind. In order to keep ASICs away, the only way is to constantly adapt the consensus algorithm every couple of months. Monero might be doing the right thing in this regard, although it's yet to be seen how nodes could keep up with new changes in consensus every 6 months.

As for Ravencoin, it's still resistant to ASICs because no company has developed specific hardware to mine it. Once ASICs start rolling in for X16R, then the dev team of Ravencoin would need to quickly adapt towards a new version of the algorithm. Given how challenging PoW can be, I believe that the best route to maintain equality would be the PoS approach. That's why Ethereum has been considering switching from PoW into PoS. While they are still certain issues such as "Nothing at Stake", PoS still provides the ability for anyone to earn rewards and start securing the Blockchain in a much easier way than PoW. Over time, we'll determine if PoS is viable after all or simply flawed. Just my opinion

Asic resistance can't be truly achieved at all. This article is explaining how a new player in the production of new asic rig has already started to develop new asic mining for X16r algo.
https://medium.com/@hardman/x16r-asics-in-the-fictional-world-of-westeros-b28460bf0322
Any blockchain that implements a new algo that can resist asic player will be working temporarily. It's not forever or can be truly achieved to block new asic that support new algo.

Bitmain is one of the biggest Asic builders and there is no law against them not to build any asic they like,the only solution for every coins that wants to get rid of Asic miners is to keep updating algorithm security or patches every few months because these builders can build any asic miner for a particular algorithm

The answer is Yes,there will always be asic miners amongs us and X16R asic miners will be around the corner when or if Ravencoin and other x16r coins start gaining momentum and better HYPE in crypto world,its just only a matter of time,as far as Coins are POW achievable Asic resisting is a not going to hold forever

Simple, no matter what new algorithm monero and other POW coins switched to or upgrade to there will always be asic miners for them, Asic miners can be adjust as well,engineers are the ones building these miners so all they have to do is work on the new algo and build a new asic miner based on the new algo.

I've seen many cryptocurrencies which claimed to be "ASIC-resistant" to become quickly dominated by ASICs. Vertcoin is a cryptocurrency which has been adapting its PoW consensus algorithm on a regular basis because of this manner. On the other hand, Monero has been changing its algorithm every 6 months to keep ASICs away. Even Ethereum's "Ethash" algorithm has been targeted by Bitmain's ASICs. The only cryptocurrency which hasn't experienced an ASIC takeover, has been Ravencoin with its X16R consensus algorithm.

Which is why, I'm starting to wonder if ASIC resistance can be truly achieved after all? If not, then I'm afraid that it'll impossible to achieve full decentralization on PoW-based blockchains. What are your thoughts?