Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio
by
Mousem40
on 09/04/2018, 18:55:19 UTC
I love that LCC is back to SHA256 algorithm that allows older ASICS to mine and Dark Gravity Wave that adjusts difficulty at every block to help reduce network preference for large scale miners or farms from dominating the chain. A major flaw with other coins that will help cause their demise is constantly evolving generations of ASICs, network difficulty gets worse and hardware to mine becomes more expensive to acquire and operate to the stage where the everyday person can't afford them but only large businesses and corporations with the adequate funding so it slowly regresses from Satoshi’s vision of peer-to-peer structure and back into a centralized structure where only the richest can mine.
Increasing difficulty trends is killing Peer-to-peer cryptocurrency, LCC is the cure, LCC is a crypto for everyone, Crypto never sleeps.
 Smiley

But doesn't returning to SHA256 also mean that it is prone to very strong centralization over time?

How so?

Aren't there huge ASIC farms that are able to mine SHA256 and they could take over control for LCC very quickly?

if i were to buy enough PSU's my garage would take over LCC.
just saying.

You can't do much of anything by using PSU's. Just saying