Post
Topic
Board Mining (Altcoins)
Re: If ASIC miner is more efficient in power than GPU, then why the ASIC-resistance?
by
nsummy
on 11/02/2018, 06:14:30 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.

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

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?

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?

You are confusing power consumption with power efficiency.  Yes an ASIC will be more efficient than a GPU, but higher hashrate only provides more security when its distributed.  If you have 10,000 different GTX 1070s mining a coin, then technically to make the blockchain more secure you would need 10,001 ASIC miners.  ASICs also do not speed up transactions and while more efficient than GPUs, do not in themselves save power.

The bottom line is most people on the altcoin forum do not like ASICs because they are heavily invested in GPUs.  When an ASIC comes along, it kills their profit.  There are also a lot of people here that were foolish and got burned buying D3s.  There are also people who saw the D3 thing unfold and now falsely think that any new miner Bitmain comes out with will meet the same fate.