Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
Medar,
Each day that goes by the ASIC´s community that are mining Zencash has more mining power, it is not hard to see and feel
if fork was voted by hashpower i think at this moment ASIC´s will win. If the opinions/votes was - one man one vote, no matter what, i think GPU wins, hands down.
We also need to protect this project from 51% attacks in the future and some would say that this is priority especially if we are talking about adoptation which is crucial for the future of every project. Each day that goes by the ASIC´s community that are mining Zencash has more mining power, it is not hard to see and feel
if fork was voted by hashpower i think at this moment ASIC´s will win. If the opinions/votes was - one man one vote, no matter what, i think GPU wins, hands down.
Bingo! I recognized this as an issue after the 51% attacks happened. It really re-frames the whole GPU vs. ASIC debate.
So ASIC (fewer miners) gives better protection vs 51% attacks than GPU? In a way it makes sense as getting ASIC in big quantity is harder than GPU at the moment. And if you use ASIC to burn the coin with 51% attack you got a bunch of useless boxes after, while with GPU you can just mine something else
https://blog.zencash.com/zencash-leads-the-fight-against-the-51-attack/
https://zencash.com/assets/files/A-Penalty-System-for-Delayed-Block-Submission-by-ZenCash.pdf