Quote from: encryptblockr on February 10, 2018, 10:05:50 PM

Quote from: MagicSmoker on February 10, 2018, 08:22:48 PM

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.

No am not wrong
Tell me what tool is do-it-all, i mean don't even get me started

It's not a matter of GPUs being a "do-it-all" tool (or as we 'muricans like to say, a "Swiss Army knife"), it's just that they are more generally useful than an ASIC. After all, GPUs can still be used to provide the display for a PC long after they are obsolete for mining, whereas pretty much every ASIC miner can only be re-purposed as a doorstop or boat anchor when it becomes obsolete; something which can happen within a few short months of its manufacture!

Quote from: encryptblockr on February 10, 2018, 10:05:50 PM

The point am trying to make is if i make ASIC for x algorithm and it is 100x or 1000x better than your GPU, with less power efficiency with what it puts out, so GPU is better technology for that algo?

No, of course not. For any algo that an ASIC can run it will always be the superior choice... for that algo, anyway. The problem is that the very release of an ASIC into the market causes the difficulty for that algo to skyrocket (I guess you might say, "moon") and it becomes increasingly unprofitable to mine any coin using that algo; the ASIC shoots itself in the foot, so to speak. Meanwhile, the release of the ASIC absolutely wrecks the profitability of any GPU mining that same algo, but unlike the ASIC, a GPU can switch over to mining a completely different algo.

Quote from: encryptblockr on February 10, 2018, 10:05:50 PM

You guys are too hell net on the profit, lets remove profit out of this, we all care about the blockchain don't we? so why not look at it like having the ASIC mining helps to speed up transactions and help the cyrpto ecosystem with LES POWER consumption

How about you think of it like that?

Lolwut? Totally different argument there and some prejudiced presumptions to boot. Looks like you don't really want to have a discussion, rather, you want to promote ASICs. I have no interest in such a discussion.