Bitcoin Forum
September 23, 2018, 05:28:42 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Are ASICS the death of alternate SHA-256-based cryptocurrencies?  (Read 685 times)
Radacoin
Sr. Member
****
Offline Offline

Activity: 255
Merit: 250


View Profile
March 19, 2013, 08:48:55 PM
 #1

With a couple of Avalons (65 ghash/s each) one could easily launch a 51% attack on smaller coins like Freicoin, no?
Einax Airdrops and Bounties made easy! List your ERC-20 token
FREE
ETH markets launching soon!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
markm
Legendary
*
Offline Offline

Activity: 2100
Merit: 1000



View Profile WWW
March 19, 2013, 09:39:43 PM
 #2

Or one could make shitloads of all the merged mined coins.

They have been waiting for ASICs for a long time, in the meantime people have been stockpiling them, some were even practical to mine with CPUs for months at a time so lots of small players are looking forward to being able to buy ASICs to strengthen their "sleeper" / "below the radar" hoards.

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
chriswen
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500


View Profile
March 19, 2013, 09:44:13 PM
 #3

This means that for new currencies power will be concentrated to the people who have the ASICS.
markm
Legendary
*
Offline Offline

Activity: 2100
Merit: 1000



View Profile WWW
March 19, 2013, 09:46:41 PM
 #4

Which is why everyone eagerly awaits consumer ASICs, ones you can order for immediate shipping. Right now ASICs are still custom speciality items you have to order several months or a year in advance and still might not ever even get.

When people can order them from bitcoinstore / newegg type sites for immediate delivery hopefully things will even out more. Especially if big miners continue to leave all the merged mined coins on the table for the small miners to pick up at low difficulty.

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
crazy_rabbit
Legendary
*
Offline Offline

Activity: 1176
Merit: 1000


RUM AND CARROTS: A PIRATE LIFE FOR ME


View Profile
March 19, 2013, 09:59:15 PM
 #5

I for one welcome our new ASIC SHA-256 Overlords!

In all seriousness, the ones to fear are the ones without ASICs.

Ie: Botnets.

Otherwise, in the meantime no one has been waiting a whole year on an ASIC pre-order just to finally get the machine in the mail and mess up some puny alt-coin. Botnet's are already clear and present dangers. The faster you get your hashrate up, the better.



more or less retired.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!