Re: Vertcoin [VTC][ANN] Segwit Activated | ASIC Resistant Decentralized GPU Mining
i can't understand how someone can consider in the long run the gpu mining power asic resistant...someone will develop at some point something like an asic for gpus
Maybe you havent been around long enough to see vertcoin had forked not just once but twice in the face of ASIC.
The guy behind btc gold fork used to be a reseller of a2 scrypt ASIC and once he marketted his machines as scrypt-N ASIC only to be screwed by vtc devs who forked scrypt-N VTC to Lyra2E. Devs didnt stop there they forked again to Lyra2ERev2 to make it a tad harder to make ASIC for it.
Other coin like groestl may claim they are the true asic resistance coin but they havent had to face ASIC coming their way. If I'm not mistaken Groestl is to X11 like Scrypt-N to Scrypt. So it's only a matter of tweaking for bitmain to tweak its asic chip to be able to handle Groestl.
Vertcoin is the only coin that has proven its asic resistance, it already has a track record of asic resistance, it had screwed an asic reseller marketting plan before so an asic company developing lyra2rev2 asic would've to develop in secret and fast. They'd be so screwed if by the time they taped out vertcoin had already forked
This is a good bit of history that most people don't know. Vertcoin's commitment to being ASIC free is second to none, and that is important to many people.