Re: What exactly is the point of everyone's hatred of ASIC's?
i dont agree, the reason that coops are forming is because you need big money to compete right now. but that will all go away sooner then you might imagine.
asic manufacturers have been selling ancient technology for premium prices because there wasn`t anything better. 60nm chips where thrown out of hosting farms a decade ago and been poisioning children in africa ever since because back then they where allready slow and ineficient.
BFL is still selling the same stuff to this day in jallapenos if im not mistaken. there isn`t any competition on the asic market atm. just a big race to where we should have been allready.
asic devs have been leapfrogging, not competing. there is a real difference!
once the dust settles the is no reason anymore for huge farms to exist. there will be some out there, just like there are big ltc farms now. but they wont be a threat because mining will be available to everyone once again................................... until quantum computing hits the market. i just paid for my preorder. they promised the delivery date will be no later then q3 of 2031
asic manufacturers have been selling ancient technology for premium prices because there wasn`t anything better. 60nm chips where thrown out of hosting farms a decade ago and been poisioning children in africa ever since because back then they where allready slow and ineficient.
BFL is still selling the same stuff to this day in jallapenos if im not mistaken. there isn`t any competition on the asic market atm. just a big race to where we should have been allready.
asic devs have been leapfrogging, not competing. there is a real difference!
once the dust settles the is no reason anymore for huge farms to exist. there will be some out there, just like there are big ltc farms now. but they wont be a threat because mining will be available to everyone once again................................... until quantum computing hits the market. i just paid for my preorder. they promised the delivery date will be no later then q3 of 2031
If EVERY miner had ASICs, today, right now, and co-ops became a thing of the past, someone would think of something better, and co-ops would start up again for those who couldn't afford the "something better."
To be certain, co-ops will always be there for some who would rather not mess with the mining themselves. But ASICs are hated because they make the "playing field," the mining, too difficult or expensive for some.
ASICs should be hated because they help the 51% monopoly to become more of a reality.
thats the point. there is nothing better for the forseeable future. if there was we would have had thumbstick drive size gaming pc`s capable of 4k resolution by now. it moves so fast now because they where miles behind. once the gap has closed things wil be quiet again for at least a few years.
and the coops that do exist are just small because there isnt any real money there, since the people in it cant afford anything on their own.. and when asic prices come down a lot as competition rises, there will be just a handfull of people who would even consider a coop. if they can buy an asic for a couple of houndred dollars which they can run for a few years and it wil still generate more money then electricity will cost.