Member Chilling_Silence said this on Reddit. What are all your thoughts?
Sort of.
So when I looked into it a while back, I tried mining Qubit and it was horrible for the ROI with CPU, so I tried GPU mining (GTX1060, 1080 & 1080Ti) and none of them were doing well at all. Plugged the stats into the likes of whattomine.com and found out why: Network hashrate was through the roof compared to what it should be for a CPU GPU-mineable algo. This was why MyriadCoin replaced it so long ago.
Some details on the ASIC miner I was able to find info on here (Though there's lots more info and you can probably buy them):
http://cryptomining-blog.com/8266-first-impressions-from-the-baikal-mini-miner-asic/So Qubit basically needs to go in my opinion, ASAP. The whole idea behind the 5 algos of DigiByte being "Anybody" had a shot at it, and we've got no CPU mining option any longer due to Qubit disappearing, and the website calling Qubit "CPU GPU friendly" is disingenuous at best.
CryptoNight is CPU only, and a brief intro to it why it's CPU-only is here:
https://en.bitcoin.it/wiki/CryptoNightNow I've also seen discussion of Skein ASIC designs here from 18-odd months ago in the MyriadCoin subreddit, or at least FPGAs. However, because Skein doesn't seem to be as popular by the number of coins that use it, there has seemingly been less interest in it. That said, anybody who did, could pretty much dominate those chains if they were able to give the kinds of benefits that Qubit ASICs have in terms of speed.
So replacing Skein with Equihash or Dagger perhaps? The idea being keeping those specifically GPU-friendly.
Then we'd be left with: * SHA256 - Bitcoin ASIC miners * Scrypt - Litecoin ASIC miners * Groestl - GPU mining * Equihash - GPU mining * CryptoNight - CPU mining
I feel that would pretty well hold with the spirit of distribution and preventing any domination of the blockchain.