Quote from: Marvell1 on May 26, 2016, 06:20:53 AM

Quote from: dmwardjr on May 26, 2016, 03:46:44 AM

Quote from: fanatic26 on May 25, 2016, 09:43:19 PM

I was literally typing up a response that is almost exactly the same as you just posted. No matter what happens, the participation incentive for all these coins is based on profit. When money is involved, companies will find a way no matter what changes are made to continue making a profit.

I keep seeing people say that coins mined with ASICs need to go back to GPU mining. If that happens all the datacenters running ASIC equipment will switch over to GPUs as we have seen with the current flavor of the month ETH. This would also make it easier to bounce around between coins if everything was mined on the same hardware. I also see people saying that transitioning to PoS will help. Problem with that is that profits from PoS are based on the amount of currency you control. So then companies will just buy up the coins and profit that way without the additional hardware/operating costs of running large datacenters.

There is just no way to keep things decentralized when money is involved. People just need to accept that and move on.

Well spoken!

Your delusional if you think GPU and ASIC mining is comparable. ANYONE can buy a gpu and fire up a rig. yeah maybe the big boys could get thier GPUs from the source maybe 50% cheaper than the regular joe but at least everyone has a shot.

The way the ASIC bs works now , is its propriety they ASIC makers basically mine the hell out of watever with the ASICs the develop and either sell the tattered masses chips that have been blasted to hell for months or old tech 55nano crap they want to upgrade out of

so they get to keep out money AND mine at the same time its a total joke.

its not like AMD and Nvidia are biting the hand that feeds them like the Asic companies do so i trust them far more.

Not to say that if all coins were GPU mined it would not be harder to the average joe to find blocks or watever but thats what pools are for. Any sane home miner would rather go back to GPU mining than stay with ASICs becuase the whole ASIC game is doubly rigged

its not just the money they have over you its the hoarding of the Tech they get away with too or outright just ripping fools off lol , hello KNC, Black Arrow the list goes on.

Never heard of AMD or Nvidia taking peoples money and not giving them what they paid for right ? i didn't think so.

Well spoken! Pretty much what I was thinking but couldn't put in writing Cheesy

I mined BTC with GPU's from June 2011 to about July 2013 when I finally got my BFL 30 gh'er.The diff did grow,but EVERYONE still made coin.The earnings were still pretty good until Bitfury (I know they just sold to that guy mining in washington)& KnC,etc..... started their mines.

Thanks for all the input guys!! Wink