This is where you are all wrong. Here, let me explain :
ASIC advancement is necessary for ASIC resistant algos as that is what provides the motivation for developing more powerful ASIC resistant Algos. You guys think that we need one single ASIC resistant algo that will remain resistant to ASICs forever but that's not how tech works. Did they ever created an Antivirus that will stop the viruses in the world that will be made in the future ? No, that's why they keep bringing new version and models every year. When big missiles came tank's armour also started to get thicker. This hasn't stopped to this day. More powerful missile comes with more powerful tank armour. But they never come at the same time. Either powerful missile comes first or the more powerful tank armour. Similarly now we have many powerful ASICs which will be followed by more powerful ASIC resisitant algos.
The nature of Asic chips is to be flexible, dedicated and powerful. I think ASIC will kill GPU mining in any big cap coin. But I also think ASIC will be more available and amateur or home mining will be ASIC instead off GPU the same way now its GPU instead of CPU. Times move and I doubt ASIC will go anywhere.
maybe instead of Devs wasting time in fighting ASIC they could use their time to produce ASIC faster and make it mainstream. The end goal would be even better, decentralization on ASIC chips.
How are ASICs flexible when they are only made to mine a single algo ? You sound like Bitmain's 50 cent army.
How ASICs are decentralised when only a single company produces it and mine with it for a year before releasing them to public ? Why will a for-profit company sell a money making machine ? They only sell them when there is more profit in selling them then mining with them.
Neither are ASICs widely available compared to GPUs. Many Asian countries have banned ASICs unofficially. But they can't ban GPUs. Most of the coins will switch to ASIC resistant algos in futures and it will be the trend.
Mate, I do not like Bitmain at all. Im a GPU miner with a far + 250 GPUs.
That being said.
I am a professional IT Consultant with a wealth of experience in Hardware, Software, etc.
ASIC is a word that it is used WRONG in crypto mining the same way America is a continent and not a country.
Do you have a Firewall ? It has an Asic chip!
How about a Layer 3 switch? Guess what? Uses Asic.
ASIC stands for Application specific integrated chip. It doesnt f. mean ONLY FOR CRYPTO MINING. ok?
and they have been around since approx. 1980.
How are they flexible?
Because mining can be considered an application specific meaning as we discover the true power of Asic CPUs and as we move through them ( same way as FCGA is growing) we will find ways of using them in a more mainstream way, cheaper, and more effectively.
THIS change will be what will take Bitmains power away, not focusing on GPU vs ASIC. that is a stupid fight which is already lost.
So dont be a Fan boy, educate yourself, and the more we understand Asic the better we will fight Bitmain and any centralize corrupt company.
