Post
Topic
Board Mining
Re: The last month is among us..
by
Nissi
on 09/05/2013, 19:19:46 UTC
yeah, i will mine litecoin, but for bitcoin i suppose it's gg by then

the bitcoin algorithm can be switched

in some scenarios, sha-256 ASIC hashing will congregate to a few select players effectively centralizing bitcoin creation within a few months, switching the algorithm can and will currently alleviate that

Scenario: community votes to change Bitcoin to script algorithms, rendering ASICS useless... all ASICs get sold out to the community, community votes to switch back to SHA. with the ASICS being cheap and decentralized.

Not gonna happen, but interesting thought