This is why scrypt/sha256 sucks, and you need N-factor/jane or another algo.... to protect the network from asics that can come in and 51% a coin at will.
How easy is it to get a 100MH+ asic?
How easy is it to do the same thing with GPUS?
Gpus / Cpus are MORE SECURE then Asics, because it is incredibly difficult to centralize and command that much hardware to allow you to 51% a coin and double spend.
The mega banksters already have skyscrapers full of Asics, no point in even competing on the same networks as banks, and thus coins that are operated on Asics have become centralized garbage just like the federal reserve.
Asics are like a plague on crypto.
All future coins will be memory intensive coins...... all the asic friendly coins will simply be mined to death by one dumper with towers of chips.
How easy is it to get a 100MH+ asic?
How easy is it to do the same thing with GPUS?
Gpus / Cpus are MORE SECURE then Asics, because it is incredibly difficult to centralize and command that much hardware to allow you to 51% a coin and double spend.
The mega banksters already have skyscrapers full of Asics, no point in even competing on the same networks as banks, and thus coins that are operated on Asics have become centralized garbage just like the federal reserve.
Asics are like a plague on crypto.
All future coins will be memory intensive coins...... all the asic friendly coins will simply be mined to death by one dumper with towers of chips.
Really doesn't matter the algorithm if the network is small. Plenty of N-Factor/Jane coins have low network hash rates. ASIC's are not the issue many of us have enough GPU's to do the same thing. Problem is does it make a difference? They will hard fork before the double spend and carry on. All the major exchanges will catch this activity before a payout and rollback as well.
