whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.
All people crying about algo change are mainly people that have ASICS now. fuckem.
im with you in that.
truthfully im not pro GPU or pro asic. Im pro decentralization. Think about the logic. If people will need to buy a special dedicated equipment to mine something then it losses a lot of in total potential miners. Losses decentralization. I like cryptonight based coins because it is one of the most decentralized coin. Mineable by a regular pc and high end pc. Heck i even mine of a phone last yr.
Anyone want to argue that asic does not reduce decentralization can go to any crowd. ask them how many own a phone, a pc, some gpu, and finally ask them if they own an asic miner. I bet my bottom dollars more people will own a phone than a pc, more will own a pc without gpu than one with gpu. and more will own gpu than an asic miner.
but still some people will argue that asic miner does not threat decentralization. all i can say to them is please go back to pre school and learn basic math. maybe you cant add 1+1 yet.
If someone is pro pure decentralization only CPU mining makes sense, 1 PC = 1 Miner, nothing else. As soon as you have the possibility to hord whatever mining hardware on the base the more money investement the more hardware, the spirit is gone allready. I can't see a big difference btw. an Asic facility and a gpu facility.
So me personally is not taking this decentralization argument anymore when it's a choice btw. gpu or asic. Everything that is beyond cpu mining has lost it's decentralization argument. Just my 2 cents.