Hash rate closing in on 40 million.
Astounding. Everyone switching from ETH to XMR?
Hash rate closing in on 40 million.
So it's only CPU and GPU mining right now. How many months/years until ASICs?
I always read it was "Asic-resistant", however IDK what that really means. I mean, couldn't someone develop an ASIC for cryptonote? Is anyone trying?
Of course. You cant resist that entirely. In a perfect world though (and i imagine an omniscient being could theoretically do this) you could design a hashing algorithm where a desktop pc WAS its asic. Of course we are mortals and no one can reverse engineer like that but cryptonight is an attempt to get as close to that as possible. A cryptonight asic would conspicuously resemble a consumer pc in many ways.