Post
Topic
Board Mining (Altcoins)
Re: If ASIC miner is more efficient in power than GPU, then why the ASIC-resistance?
by
MagicSmoker
on 10/02/2018, 20:22:48 UTC
I have seen how the mining community has been hating on the ASIC miner existence
Their excuse is that it is not fair to the guys using GPU

So when did we as humans become resistant to better technology?
GPU drinks lots of power compared to what it is chunking out and ASIC is hundred and thousand folds more efficient and yet people are opposed to the technology...

Your argument is based on a faulty premise: ASICs are not "better technology," they are merely highly-optimized to perform one specific computational task. Furthermore, they have very short profitability lifespans - sometimes measured in weeks - after which they become "obsolete technology" which can't be used for anything else because "highly-optimized for one specific task" again.

This also applies to their supposed energy efficiency: the energy cost per unit of computation remains the same even as their profitability declines until they actually cost more to operate than they can generate.