Well it doesn't prevent Botnets. What it does is massively limit the amount of money a botnet operator can make, which in turn would probably get them to turn to easier targets, or not even bother. If your botnet can pull in $5000 a day, it makes sense to do it. If on the other hand your botnet makes $0.25 a day, it would not be worth the time/money to set one up.
Topic: Do ASICs prevent against Botnets? (Read 650 times)
However, botnets are less likely to target a coin whose PoW has ASICs since
ASICs will only be developed when they significantly outperform CPUs&GPUs,
which limits profitability compared to ASIC-less PoWs/coins.
ASICs will only be developed when they significantly outperform CPUs&GPUs,
which limits profitability compared to ASIC-less PoWs/coins.
That was my understanding. Perhaps "prevent" is a powerful word, and disincentivize more accurate. Thanks.
title says it all - I presume roughly that if you have ASICs then Botnets cannot muster enough power to compete. Is this correct?
No, ASICs have nothing to do with botnet formation.
However, botnets are less likely to target a coin whose PoW has ASICs since
ASICs will only be developed when they significantly outperform CPUs&GPUs,
which limits profitability compared to ASIC-less PoWs/coins.
But as we saw recently (http://www.zdnet.com/nas-device-botnet-mined-600000-in-dogecoin-over-two-months-7000030662/), botnet operators can be either dumb or lazy
and still go after BTC/LTC/DOGE.
title says it all - I presume roughly that if you have ASICs then Botnets cannot muster enough power to compete. Is this correct?
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