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Topic: What exactly is the point of everyone's hatred of ASIC's? - page 5. (Read 5319 times)

legendary
Activity: 1372
Merit: 1014
has a bank ever cancelled your purchase of a graphics card because it can be used for scrypt mining?  Huh

has a government ever been interested in GPU owners?  Huh

all that has happened to ASIC buyers, search the forum for some really scary stories....one of the biggest weaknesses of coins that depend on custom hardware  Angry

while the price of a coin can be greatly diminished by hostile action, the mining itself can not be stopped, if the hardware is generic. asics on the other hand can be blocked easily; if country X wants to block Asics from entering that is easily done at the border: block a few companies, block certain types of devices, done.

blocking cpu's or gpu's would not be feasible  Grin

ASICS however make the network broader and more resilient - if it wasn't for the constant threat from governments, banks, exchanges and so on.
legendary
Activity: 1120
Merit: 1012
Ignorance.
full member
Activity: 154
Merit: 100
Is it bad feeling from all the people who spent a very long time in pre-order while the required hashrate just kept going up, so effectively what they ended up with was a worse deal than what they imagined they would get?

Not into mining at all so am unsure, that just seems to be what I have read about.
member
Activity: 83
Merit: 10
Ok so what is so bad about the fact that Bitcoin now uses ASIC's that has everyone using Scrypt or other ASIC protected code?  Is it because they don't want to have to invest the cash for Bitcoin, or is there another reason that seriously disrupts the effectiveness of Bitcoin.  I understand they say it centralizes Bitcoin, but as the price rises the whales will get out earlier because they got in earlier so centralization doesn't seem to be a problem to me.  What is it?  Why use Scrypt?
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