I support the idea of protecting coin algorithms from the use of asics. But how can we force developers to do that. For them, it does not matter who will be able to mining. But for decentralization mining and survivability of the coin is of great importance. How to explain this to the developers, I don't know.
You cannot force anyone to do anything.
In fact, a great many developers are ASIC pro, not against, due to the high volume of hashrate that can be achieved to secure network through PoW.
My firm belief is that GPU mining will ALWAYS have a place, and that the largest component to this is the home user. However, for assurance that this will be the future, there needs to be stability in the GPU mining systems, and the current state of affairs in the GPU market is abhorrent. Almost NO decent GPU can be had, and the manufacturing giants are elevating the prices of GPU's much higher than they are actually worth. This is a side effect, and a negative one at that, of the market at play here. We know, we buy and supply the GPU's. Shortages are not the only problem, though price is a major one.
So ASIC's become much more attractive in that case, as they come close to the price of GPU's in the medium level ASIC market.
What does this mean on an overall level?
Simply that NO ONE can kill ASIC's, just like NO ONE can kill GPU's.
I believe there will be a balance of all mining hardware, and that this balance will be maintained WELL into the future of mining. The fact that the head of nVidia himself believes that mining will be a core aspect of the business proves that the GPU mining will be alive and well MUCH deeper into the future than what anyone can conceive.
As for the Algo change, that is not difficult at all. We know, we have designed a few ourselves which will appear shortly in our coins. Getting around an adaptive ASIC/FPGA miner is!
#crysx
Dont have the misconception that high hashpower = secure. I for one would rather a lower hashrate but many more people on the network. And hashrate is reletive to the machines available to mine.
Wrong ...
That is where 51% attacks come from. Security is a hashrate phenomenon, whether you or I like it or not.
If the network is a GPU hashed PoW and has 25MH, while we come along with our 'theFARM' and thrash the network at 250MH, then the network has a massive issue.
MH or GH, the figures stand.
#crysx
PanneKopp
