Say your opinion!
A hypothetical question that does not necessarily have any ulterior motive; If Anoncoin switched hashing algorithm, what type of hashing algorithm would you liked to see then?
A hypothetical question that does not necessarily have any ulterior motive; If Anoncoin switched hashing algorithm, what type of hashing algorithm would you liked to see then?
a cpu only algo
+
By the way,any hashing algorithm will be matched by ASICS in the coming time.I'm not worried about the algorithm.
How come any hashing algorithm will be matched by ASIC ? Is it possible to explain this in layman terms?
The difference between GPU/CPU and ASIC, is that you are "hashing" in an "electrical way" without a layer wrapped around (ASM - CPU language, OS, etc).
Because of this they are much more efficient, but they can only do what their build for.
You can create an ASIC for everything u want. All you need is the money/ppl to design and create it.
When scrypt (LTC) came out, it was ment to be CPU only. Someone found a way to parallelize the algorythm so mining with GPUs got possible. Later the scrypt based coins got really big so creating ASICs was worth it, now they exist since quite some time.
It is possible to make something really hard to be implemented in an ASIC, but most of ppl who say this dont even understand what their talking about. They just say it as a marketing purpose.