Post
Topic
Board Mining (Altcoins)
Re: 8th Alt coin thread. Or what to do now that asics are all over the place
by
JaredKaragen
on 05/08/2018, 06:42:20 UTC
I feel you phil.

But;  I also see it this way...


Let people drop off the GPU side; and we will see more instances like our Skien days....   Everyone was heavy on asics..... either asics or ETH for the most part.

I see the exact same happening in the future;  just;  a different piece of hardware and manufacturer now.... as well as different algo.

I still must admit:
Each device has it's place....  (good or bad)


But when you consider the ramifications of the devices when compared to each other;   yes;  asics secure BTC;  but,  they secure BTC...    Each different algo has seemed to bring along its own waves of differences in effects on all other devices and strategies.  Just because a powerful device worked for one scenario;  doesn't mean its a good idea for the current scenarios.


If these companies; designed the devices to only make a modest profit;  we would have a winning company/device to support in my eyes... the problem would be severely lessened.... to a point... a dull point.


I wont ever buy a brand new piece of shitmain gear.   Never.    They are a crooked company and don't deserve it in my mind.   I hope many people do the same.      They got excessively greedy;  look at the profit margins that can be deduced.    It's insanity.

I hope we find a way to change the meta of POW mining.....  level the playing field and try to keep this thing from getting out of control and 100% centralized; which is my ultimate worst fear.

 Powerful devices further the divide between the "decentralized and attainable by the layman";  and "big fish that can afford to dump on the latest and greatest to reap the second best rewards (first best being the manufacturer).   How can we change this?