Quote from: franky1 on April 27, 2017, 08:32:43 PM

Quote from: digaran on April 27, 2017, 08:10:24 PM

Who manufactured the first ASIC and mined with it? maybe we really need to change the POW to make it anti-ASIC and make it GPU compatible? that way no one could control the mining industry and influence it as much as bitmain is doing right now.

can you prove bitmain control the mining industry. or are you reading the reddit speculation

1. then its just a ATI vs Geforce.. and everyone starts pointing fingers that ATI has a backdoor efficiency gain called openCL
2. if you think hobbyists can mine in their basements. forget it. farms will buy up THOUSANDS of top end ATI's

Quote from: digaran on April 27, 2017, 08:10:24 PM

If everyone could mine with GPU then we know who is manufacturing them and there are only 5 big companies making GPU and they have the best technology and their marketcap is much higher than crypto combined so they couldn't be bothered to get personal with the network such as bitcoin and other crypto currencies.
But question remains, who will compensate millions of dollars to those already mining with ASICs?

thirdly. there would then be arguments once ATI gpu stocks dry up of "what if ATI are holding onto stock and starting their own farms to control bitcoin"

Well I don't have access to reddit(blocked in my area)not that I have no way to access it no I don't even like it much. I barely follow whatever happens here.
I need to know why are you defending bitmain and BU? I can clearly see that you have some understandings of things and are concern about bitcoin but you are always in the other side but I just say what ever I believe is fact or it's just my opinion.

Can we use ASIC machines for other purposes such as gaming or other computational processes other than hashing sha256?
With GPU you could use them for other things and they existed before bitcoin so unlike ASICs they weren't specifically manufactured just for mining.
Bitmain was established only to build machines focused on one thing and I call that control unless they were in computer hardware before and or now are making other hardware than miners?
ATI wont even bother to build their own GPU farms because they manufacture computer hardware and sell to the market while mining requires at least a year to ROI and that is not a guaranteed fact.

We're here to convince the undecided miners to chose the best option to proceed but we have forgotten the very obvious fact that only those with enough knowledge and understanding of cryptography and code are the ones currently mining and they will manage to figure out the truth for themselves and we're just wasting our times keeping a clean image of crypto.

All we need we already have, bitfury and bitmain 2 big manufacturers and they both will keep each other in line though I wouldn't mind to have a third big company/pool to balance the power, we just need a functioning and stable network the rest are just back ground noise.