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April 09, 2018, 11:30:10 AM |
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The problems with ASICS are basically four
1º the use of specialized hardware such as ASICS to complete maths operations, and much more efficient, gives ASICS and advantage over GPU mining. That's a FACT that cannot be discussed.
2º Since you can get more money with less costs, it's possible to get profit quicker. Moreover, if you have a big farm, you can sell your coin directly to a big whale, and that coin will not go "into the system". Or said in other words. IF people buy coins from ASIC miners at lower cost than in the market, the market will say: there is NO DEMAND. So, the price will go down. We cannot control who sells the coins but we can try to harm ASICS users so that they don't artificially destroy the market.
3º If we had coins with unlimited amount of coins to mine, ASIC would still be a problem, but not as hard as today. almost all coins outthere have a max number of coins determined. the more power provided by ASICS , the less money you´ll get because you will be able to mine less coins-
4º ASIC makes the cryptomarket centralized. a small amount of people can have the power to hash almost all coins , disturbing the market and also controlling the price. That IS NOT TO BE ALLOWED BY ANY MEANS.
The problem with forks, is that normally, to make ASICS stay away from a coin, they also fork gpu miners, so we get less profit normally. the reduction of hashrate is good, but if you manipulate the price by using ASICS to create large amounts of coins, or to stop providing them to the market, you can obviously centralize the market , and that is something we don't want to have.
Bitmain has ASICS for almost all coins. And i think we should force devs to fork every little months.
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