The last thing I want to do is see this come out and totally annihilate GPU mining. And that is exactly what it has the potential to do. Profitability for everything else will be completely destroyed and we'll be stuck fire selling everything we have in the hope we can get in line to acquire this hardware and software.
no, gpus will always have something to mine, as some algos will almost certainly be created with anti asic/fpga properties. wont stop fpga/asics but will make it much more expensive to develop.
OhGodaCompany has its ProgPOW plans that will leverage so much of a gpus capabilities (not just CUDA cores or whatever) that its just not worth emulating with fpga/asic, as to do it one would basically have to emulate an entire gpu to do it. easier just to use a real gpu.
of course it remains to be seen how that goes, but fpga/asic is not the end of pow on gpus. at least not yet.
ProgPow is a bit of marketing. The hardest part of it is still the memory bandwidth. Nothing really changes.
If you take a look at the paranoia in the monero community now..... Is that really what the coin devs want for their coins? All of their miners and holders to be in a constant state of paranoia about secret asics? Wouldn't even need an asic at that point to destroy a coin. Just a large GPU cluster causing diff spikes to make the community freak out.
I made an asic for monero that could survive their fork!!
I'm mining 100Kh/s
-- That, plus a little bit of falsified evidence and the community would be frothing. Seems like it's almost more profitable to put the fud algo in an asic so it can be more power efficient. Poloniex has options now, right?
