Bitcoin Forum

As i read from a site

Some developers have attempted to create mining algorithms which are not only ASIC resistant, but which also do not offer any significant advantage to GPUs.



Does this means coin with ASIC resistant are coin that are only mineable by GPU?

Thanks

From my understanding resistant doesn't mean an ASIC can't be created, just that the cost to create the ASIC would be too high compared to the returns that would be gained by it's use.  In experimentation as a hobby (not to make a living) I have mined Scrypt, Qubit, Grostle and a bunch of others with CPU and with GPU mining.  In my experience even those where there are ASIC miners produced coins when in a pool, but each coin I tried when playing around with mining did produce some significant differences in income when sold.

Vertcoin is a good Asic resistant coin

Their algo is possibly the best in the market to this regard

i don't think there is a truly asic resistant, all the algo can if developers want be minable with asic, it's a matter of if it's worth it or not, for small coin it's not worth it for big coins yes they develop asic, all the gpu coin now are asic resistant for the moment, but by the time they become big they become asic territory

There are only 2 Truly ASIC proof coins, which will never be able to be mined with ASIC's.  Well for a part of the Coin's mining.  Those are Gridcoin and Curecoin.  Both have part of the mining rewards going to people using their GPU's and CPU to do work on the @home and BOINC projects.  Both of which will never just be a simple algorithm that can be turned into an ASIC.  

Most if not all the other coins are either have ASIC's already available for their algorithm,  or are algorithms that there isn't enough money to be made to have someone create an ASIC for it yet.  But trust me, add a pile of money to any of the other coins, and someone will make an ASIC for it.  

Cryptocurrencies in their most basic nature are supposed to be so everyone has control.  But in reality, everything is controlled by greed.  Everyone wants a bigger piece of the pie, but the pie itself never gets bigger, it only gets smaller over time.  If there is good money in any non-ASIC coin,  you can bet there will be miners with hundreds if not thousands of GPU's jumping in to strip mine every bit of profit out of it.  Someone with 1-2 GPU's really doesn't need to worry about looking for coins that might be ASIC resistant.  What you really need to be watching for are coins where not many are mining (lower price), then hoping someone pumps the coin at a much later date when you have a bunch of coins stored up.