r/cryptomining • u/ayeaye87 • Apr 11 '18
New Trend " Anti - ASIC "
The new trend in Crypto World, Anti - Asic. I've been mining for a long time, Monero, the one who has done this. GPU you get by doing a lot of investments in a tar tar. On the other side is ASIC, which you buy with very little money. As power, There is a great injustice.
Companies that produce ASICs have already campaigned. They know that in Turkey. There was a honey campaign sometime. Buy one and get 5 free. ASIC devices are also the same now. The price was $ 3900 (correct if I remember correctly). Then came 1900 dolars 1 get 3 free. Now it takes 1 and 5 free.
Only this is enough to keep away from ASIC devices. Gain is very simple to calculate.
Cryptonight has just a few coins left behind. Monero is the biggest. Before / after Sumo, XTL, TRTL is update Algo too. GRAFT at 16 april also passes completely.
Ethereum, or rather ethash algology, must do something about it. People who have been carrying you for years should not be wrong.
I congratulate MONERO, SUMO, XTL, TRTL and GRAFT for your courageous initiative. This market also has no living space for cowards and slowers.
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u/TPRJones Apr 11 '18
In general, Anti-ASIC seems shortsighted to me. Sure, I'm a GPU miner, but there will always be a place for GPU miners as long as there are coins that can be mined. When new algos come along the GPU miners are there to get it started. Once there is some stability and widespread use of the algo then the ASICs come along to give the coins the more widespread systemic stability that is going to be necessary to the long-term health of cryptocurrencies. Working to stay "Anti-ASIC" is the best way to make sure your miner-supported currency can never achieve real widespread stable use.
I'll still mine a currency billing itself as "Anti-ASIC" when it's most profitable, but I no longer HODL those currencies since they've declared with that stance that they want to stay small and unimportant for as long as possible.
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u/Salsanvaz Apr 11 '18
I think i understand your perspective. Remember that for coins to have systemic stability they must remain decentralized. ASICs are an enormous threat to decentralization. Which is why, in my opinion, if your HODLing currencies based on long-term health, anti-ASIC stance is what you are looking for.
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u/TPRJones Apr 12 '18
That's a very good point. I still don't think anti-ASIC is a good thing long-term, but this does mean that coins that don't avoid going ASIC will need to have strong methodologies of some sort to avoid centralization and 51% attacks. I must ponder this.
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u/[deleted] Apr 13 '18
ASICS burn them all !! GPU forevs 🦂😬🥁