Post
Topic
Board Mining
Re: Question for GPU miners
by
glon
on 21/06/2013, 09:41:58 UTC
Dude the problem is not the code - it has worked fine till this point.

What has messed it up are ASIC's and the way they have been distributed. Basically only a select few have managed to get their hands on this technology - I would guess around 10% of miners are using ASIC's yet they are probably 70 - 80% of the network hash rate.

It has caused a concentration of power into the hands of a few.

The increase in performance has blown Moores law completely out of the water - Satoshi never envisaged this problem - the idea was Bitcoins were available for anyone to mine - this is no longer the case.

If everyone could order ASIC's next day then maybe it would not have such an impact - like the change form CPU's to GPU's.

These guys developing the ASICs have gone so against everything Bitcoins stand for.

If they had stockpiled enough before making them publicly available (and not using them to mine themselves AVALON) it would not make a difference. But their greed was put before the mission of the Bitcoin project.

ASICminer are a perfect example - like I said in a previous post - One company should not be able to impact the entire network.

If they have a major outage - block times would be dramatically increased.

Look and see how they are expanding as well. ASICMiner are almost like a central bank now.

Dude chill down. All I'm saying is a change to the code may be a solution to this problem (i.e. influx of "easy" coins into the market in between difficulty adjustments)...