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Title: Doesn't every algo have an ASIC for it? Post by: precrime3 on April 06, 2014, 03:14:51 PM Since crypto currency is based off of, we'll cryptography, doesn't the government have an ASIC for every algorithm? Or is that just the major ones?
Title: Re: Doesn't every algo have an ASIC for it? Post by: herzmeister on April 06, 2014, 03:17:17 PM it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs.
Title: Re: Doesn't every algo have an ASIC for it? Post by: precrime3 on April 06, 2014, 03:21:50 PM it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs. No I mean is th since the main purpose of cryptography was to encrypt messages, woudldnt the NSA have machines that could decrypt most algos and isn't that what ASICS do for mining? Decrypt a hash sum? Or am I terribly misled? Title: Re: Doesn't every algo have an ASIC for it? Post by: GTO911 on April 06, 2014, 07:27:11 PM With time every popular algo will have an ASIC
Title: Re: Doesn't every algo have an ASIC for it? Post by: blacksails on April 06, 2014, 07:43:22 PM it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs. No I mean is th since the main purpose of cryptography was to encrypt messages, woudldnt the NSA have machines that could decrypt most algos and isn't that what ASICS do for mining? Decrypt a hash sum? Or am I terribly misled? Title: Re: Doesn't every algo have an ASIC for it? Post by: precrime3 on April 06, 2014, 08:55:57 PM it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs. No I mean is th since the main purpose of cryptography was to encrypt messages, wouldn't the NSA have machines that could decrypt most algos and isn't that what ASICS do for mining? Decrypt a hash sum? Or am I terribly misled? No, stating they have the potential too, because in essence if you have a sha256 decryptor/encryptor, that would work as an ASIC mining rig right? You just have to reprogram it to accept work over a stratum protocol and your right as rain, unless I'm mistaken. Title: Re: Doesn't every algo have an ASIC for it? Post by: Bitcoin Magazine on April 06, 2014, 10:56:40 PM i hope so. if not we should build them. my god it's full of stars (hash rate)
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