Bitcoin Forum
May 24, 2024, 01:58:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Mining with ASICs and GPU.  (Read 457 times)
Ucy (OP)
Sr. Member
****
Offline Offline

Activity: 2576
Merit: 402


View Profile
October 30, 2017, 04:51:41 PM
 #1

Wouldn't it be better to mine Bitcoin with GPU and ASICs together rather than replacing one with the other.
It is pretty easy to get GPU anywhere in the World I don't know about ASICs?
For the sake of decentralization why not mining hardware be diversified so people can have choices instead of being stuck with noisy and expensive ASICs.


HeRetiK
Legendary
*
Offline Offline

Activity: 2940
Merit: 2092



View Profile
October 30, 2017, 10:58:25 PM
 #2

Wouldn't it be better to mine Bitcoin with GPU and ASICs together rather than replacing one with the other.
It is pretty easy to get GPU anywhere in the World I don't know about ASICs?
For the sake of decentralization why not mining hardware be diversified so people can have choices instead of being stuck with noisy and expensive ASICs.

It's a nice thought but unfortunately unlikely to work.

Given the right algorithm ASICs by their very nature will always outperform GPUs. Any change in Bitcoin's PoW scheme would render current ASICs obsolete. And even then a new generation of ASICs would be made sooner or later, rendering GPUs unprofitable again.

Making both ASIC and GPU mining profitable on the same blockchain would require two different PoW hashing algorithms to be used in parallel, with the GPU-friendly PoW hashing algorithm being changed on a regular basis, lest ASICs would be made for the GPU-friendly PoW scheme as well. Both which would introduce complexity that is likely to come with security flaws, assuming it's even possible to build a consistent blockchain using an ever-changing PoW scheme.

Keep in mind that people do have a choice when it comes to mining with either GPUs or ASICs. It's just that GPUs have to mine on a different blockchain.
unholycactus
Legendary
*
Offline Offline

Activity: 1078
Merit: 1024



View Profile WWW
October 31, 2017, 12:51:05 AM
 #3

Some coins were derived off Bitcoin with that idea (amongst other things) in mind.
Changing the hashing algorithm of Bitcoin to advantage GPU mining changes the very nature of Bitcoin and requires a hard fork.

When it's profitable (like it was for Bitcoin), people will develop ASICs for the hashing algorithm anyways.
-ck
Legendary
*
Offline Offline

Activity: 4116
Merit: 1635


Ruu \o/


View Profile WWW
October 31, 2017, 07:51:53 PM
 #4

Already discussed many times over. Locking thread.

Developer/maintainer for cgminer, ckpool/ckproxy, and the -ck kernel
2% Fee Solo mining at solo.ckpool.org
-ck
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!