Post
Topic
Board Mining
Re: The last month is among us..
by
thoughtfan
on 10/05/2013, 09:28:52 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

I have heard the 'centralizing' projection SOOOO many times but have yet to hear a persuasive argument as to what is going to cause said centralisation.  Care to elaborate?