lol Anyone could comprehensibly explain why ASIC resistance is an advantage for a coin?
I believe ASIC has much more advantages as compared with video card and the new technology aka ASIC should displace the ancient method of mining. Just few reason to argue my words:
- environment friendly
- secure the network by increasing the difficulty
- more comfortable to use at home
etc....
Some of us aren't incredibly rich, so we cannot afford ASICs, or we do not use cryptocurrencies as our main income.
With ASICs, most of the coins go to the rich people with ASIC farms, the rest of us can only buy coins, mining yields very little for someone without an ASIC farm, if ASICs are available for that algo.
With CPU/GPU-only mining, the entry point of a profit above "enough to pay the power bill each month", and to possibly even break even on that hardware cost in under a year, is available to most of us.
ASICs exponentially get more powerful often, usually by the time an ASIC ships, it's already outdated, and a new generation of much more powerful ASICs are released.
Consumer CPUs and GPUs also have easy consumer availability, it's easy to find a trustworthy source.
I'm terrible at explaining things, so hopefully this makes sense.
There are also cheap edition of ASIC like greed seed for $100 - don't think it's the reason...
on each page people are shouting that VTC has ASIC resistance and it's the cause why VTC investors gonna be rich soon lol.