Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Like Monero but easy to mine is Monero. A Monero mining ASIC is called a CPU, by design.

Or do you mean higher block rewards? Don't worry, the value of the coin automatically adjusts to nullify that.

 help



> Like Monero but easy to mine is Monero. A Monero mining ASIC is called a CPU, by design.

That is the "does nothing" argument. But compared to Bitcoin, having a general-purpose [0] ASIC seems like it'd make the network less secure - if someone wants to run something like a 51% attack against Bitcoin they first have to buy a ridiculous amount of specialist Bitcoin-only hardware that will potentially lose all its value after a successful attack. Also probably be a lot easier to track who did it.

Monero the equilibriums are less obvious. Does that matter? No, I don't think so, I still own a certain amount. But it isn't a helpful axis to experiment on and I don't see where the upside is meant to come from vs just going with sha.

[0] Edited, was special-purpose.


What do you mean compared to Bitcoin? Bitcoin has special-purpose ASICs and Monero does not.

Oh yes, sorry. General purpose. I edited the comment.

There are no general-purpose ASICs, it's like saying a hot ice cube.

You're the one who called a CPU an ASIC. Seems pretty general purpose, it's a Turing machine simulator.

And hot ice cubes are a thing. They've made ice at up to 650K if the wiki phase diagram is any indicator https://en.wikipedia.org/wiki/File:Phase_diagram_of_water.sv...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: