Quote from: Coinler on June 12, 2014, 01:01:50 AM

Quote from: hellscabane on June 11, 2014, 06:05:21 PM

Quote from: Coinler on June 11, 2014, 03:47:30 PM

this is true.. asic manufactureres arent stupid. how else will they test the asics theyre developing? by mining on it before they even advertise it for sale. of course that will turn a profit.. and i imagine.. would be hard to turn off when you can build asics and rape all of crypto investment markets in a week. but way before them it is done by a kid in his bedroom with a soldering iron. alot of people dont know that there are already asics working with x11 and x13 algorithms.

Whoa, ASICs aren't made that way. Maybe a loosely efficient processing mod, sure.

If a "kid" really is designing ASICs in their "bedroom," he/she can easily be a multi-millionaire working on actual design projects not in the crypto-currency realm.

well isnt that it? they make it in their bedroom.. it might be a hackjob for a while but itll work.. and then once they gain enough investment capital they go mainstream with it and offer it on the market. im using kid loosely.. college student, asian tech teens etc. they can buy asic chips on the market and build the rest of the circuit etc. those kind of parts are much easier to get in china.

Yeah, you're talking about FPGAs; it'd be practically impossible to repurpose an ASIC. I'll admit FPGAs pose a threat but, you'd need a lot more of them to mount the same type of attack than you could try to do with an ASIC. Once again, in terms of capital and space, it'd be the same (if not a bit more expensive) than a GPU farms, the only difference being the cost in electricity (which isn't necessarily trivial).