Post
Topic
Board Bitcoin Discussion
Re: Mining Bitcoin Doesn't Need To Worry About Spending Electricity
by
BrewMaster
on 07/11/2018, 08:04:34 UTC
2. PoS if enabled wont give local guy in his basement hobby miner a chance to earn coin mining a PoS. instead it will be the rich guys with lots of coin, gaining mor coin. and increasing their chances of getting more coin.. without increasing the chains security
The problem is that Bitmain and big companies with their asics already made it difficult for everyone to run his hobby nowadays  Undecided
I prefer asic resistance network although I didn't join any of it yet.

But what is ASIC-resistance but another buzzword made by altcoins that want to claim that they are? If any altcoin has become "successful", ASICs will be made for them. Some altcoins that changed their mining algorithm because they "feel" like doing it in the name of "ASIC-resistance" are only prolonging the inevitable.

the only way to have an ASIC resistance cryptocurrency is to change the algorithm in short intervals so that you prevent creation of any kind of ASIC machines that can target your algorithm. and that poses a lot of problems because it requires hard forks! and also changing things are never desired specially when it comes to something important like the mining algorithm.
i know some altcoins do that though!