Post
Topic
Board Altcoin Discussion
Re: [2014-01-03] Alpha Technology Takes Pre-Orders for Litecoin ASIC Miners
by
powdabam
on 13/01/2014, 02:27:26 UTC
Litecoin is meant to be ASIC resistant, which it is.  That doesn't mean it resists the creation of asics...that's impossible.  Application specific integrated chip by definition is just a computer chip meant for a specific task.  My calculator is an ASIC...it's not a phone, but it's still an asic for solving math problems.  Litecoin is ASIC resistant meaning the effect of ASIC do not drive all the computing power to those who can afford it.  When GPU mining hit Litecoin it was no where near what it was with Bitcoin.

All this means nothing because both coins are in danger of the same fate...centralized mining.  Somehow every device on the network needs to be forced to mine, from a cell phone to a super computer...this is the only way to end centralizing.