I recently read a blog from a SIA Dev on the state of cryptocurrency mining -
https://blog.sia.tech/the-state-of-cryptocurrency-mining-538004a37f9b In that blog the SIA Dev spoke about many things and one of them that stuck out to me was the "secret asics" piece. I had always considered this was likely and probably occurring but I'm starting to believe now that it's occurring more than we realize as a community.
Secret asics is nothing new although the practice is a lot more common than used to be, reason why the network should always be asic free. You know the hashrate of gpus cause everybody can have it and benchmark, you have no idea about asics, an asic can be 1000x more powerful than an old asic which --> 51% attack. A GPU will never be 1000x than an old gpu, maximum 200% but in most cases a newer gpu is not even 50% faster than the old one, meaning why sia devs got shot because they wanted money instead of security and sia devs sold to you all trolls the idea that asics was to secure the network hehe
That guy is right, with only 2.5% eth hashpower can get a 51% on etc which I always said not to mine cloned algorithm hashcoins like etc. The idea behind an algo is to be the only and unique so it means if ethash is only on eth then eth network can have the hashpower monitored, etc devs should have changed the algo when the chain was split.