Most ASIC resistant algo?

[0xfff]

^^^^

[1715052287]

1715052287

[bathrobehero]

I'm not a dev but if I had to guess, I'd say anything that keeps changing so probably Scrypt-Jane (Cha-cha) with changing N-factor?

[Ryan Dugan]

What about cryptonite and cryptonote ?

[PovertyByte]

Whatever Vertcoin uses, I think that is Lyra2rev2

[BitcoinNational]

FTC
VTC
Phoenix

or

POS

[Ayers]

What about cryptonite and cryptonote ?

this is strong but the modified version that hodl use it's even better and stronger anti asic, etheruem also has a strong antiasic because of high memory access, and don't forget about vertcoin, they keep changing their algo, so asic there will not be an issue ever, we could say that every hard memory coin is a strong anti-asic

[benthach]

ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.

[bathrobehero]

ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.

What? That's a total lie, Asics get tons of investments going and then dedicating miners to that algorithm (more the main coin behind it)but that keeps the coin interested and more people into it. Why do you think litecoin has been around for so long? Without asic it would have sank a while ago.

None of that is true. ASICs don't make more people interested, they completely shut CPU/GPU miners out and waaay more people have CPUs and GPUs then ASICs.

ASICs cause centralization, there are trust issues with some ASIC companies, they may or may not use their hardware before shipping them when it's super profitable, delayed shipments (likely because of the previous point) and old ASICs become completely worthless.

[Ayers]

ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.

What? That's a total lie, Asics get tons of investments going and then dedicating miners to that algorithm (more the main coin behind it)but that keeps the coin interested and more people into it. Why do you think litecoin has been around for so long? Without asic it would have sank a while ago.

None of that is true. ASICs don't make more people interested, they completely shut CPU/GPU miners out and waaay more people have CPUs and GPUs then ASICs.

ASICs cause centralization, there are trust issues with some ASIC companies, they may or may not use their hardware before shipping them when it's super profitable, delayed shipments (likely because of the previous point) and old ASICs become completely worthless.

You missed the whole part of Asics bringing in money invested in the coin which leads to the other points. GPU and CPU miners are only going to mine what is currently the most profitable , Asics lock down to a specific algorithm, a network that can drop in hashrate by a monumental amount due to a new coin coming out doesn't help a network.

i agree that asic make a network stronger because all the attention are there, with gpu you get many coin that increase the overall liquidity, but are more prone to be dumped, because the money are too spread apart, but asic promote centralization and this si bad, because few people can mine the mejority of the suppy and dump more, versus more people holding a low amount

[bathrobehero]

ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.

What? That's a total lie, Asics get tons of investments going and then dedicating miners to that algorithm (more the main coin behind it)but that keeps the coin interested and more people into it. Why do you think litecoin has been around for so long? Without asic it would have sank a while ago.

None of that is true. ASICs don't make more people interested, they completely shut CPU/GPU miners out and waaay more people have CPUs and GPUs then ASICs.

ASICs cause centralization, there are trust issues with some ASIC companies, they may or may not use their hardware before shipping them when it's super profitable, delayed shipments (likely because of the previous point) and old ASICs become completely worthless.

You missed the whole part of Asics bringing in money invested in the coin which leads to the other points. GPU and CPU miners are only going to mine what is currently the most profitable , Asics lock down to a specific algorithm, a network that can drop in hashrate by a monumental amount due to a new coin coming out doesn't help a network.

ASICs costs money yes, but that's not an investment into a coin. They don't bring any money in, their aim is the opposite. It's all about the value of all the coins that can be mined each day.

There are hundreds of different ASIC coins, not just one of each so some flexibility is there as well. ASIC miners also jump around to mine the most profitable coins.

[shyliar]

Any POW coin that is worthless has a ASIC resistant algo. If it gains value ASICs will be built for it.

[bathrobehero]

ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.

What? That's a total lie, Asics get tons of investments going and then dedicating miners to that algorithm (more the main coin behind it)but that keeps the coin interested and more people into it. Why do you think litecoin has been around for so long? Without asic it would have sank a while ago.

None of that is true. ASICs don't make more people interested, they completely shut CPU/GPU miners out and waaay more people have CPUs and GPUs then ASICs.

ASICs cause centralization, there are trust issues with some ASIC companies, they may or may not use their hardware before shipping them when it's super profitable, delayed shipments (likely because of the previous point) and old ASICs become completely worthless.

You missed the whole part of Asics bringing in money invested in the coin which leads to the other points. GPU and CPU miners are only going to mine what is currently the most profitable , Asics lock down to a specific algorithm, a network that can drop in hashrate by a monumental amount due to a new coin coming out doesn't help a network.

ASICs costs money yes, but that's not an investment into a coin. They don't bring any money in, their aim is the opposite. It's all about the value of all the coins that can be mined each day.

There are hundreds of different ASIC coins, not just one of each so some flexibility is there as well. ASIC miners also jump around to mine the most profitable coins.

They don't bring money into a coin? They get people to buy miners specifically for that coin, just look at scrypt miners, Titans still sell for a ton that money poured in is faith the coin will be around tomorrow to mine it and the company who is making the miners obviously wants the coin to succeed , they try and help push things through or commit to changes. Look at antpool, obviously owned by bitmain and they are a part of trying to get a fork passed that they believe will help the coin live longer and prosper.(I don't agree but that isn't the point) The point is without bitmains Asics there wouldn't be their company trying to actively help a coin prosper and last. AMD and NVIDIA aren't out there trying to help ethereum.

You got it ALL wrong. ASIC companies couldn't care less about any coin. They're not investing in any coin, nor they support them, at all.

The one and only reason for a company to decide to invest into R&D ASICs is if a coin has a high value mining emission rate (all the coins that can be mined in a day are worth a lot) - and obviously enough liquidity. That's the only thing they're after because that's what will get people to buy their hardware (prospect of profit) and in return get those companies paid. There's no charity, no investments, no support, just a simple equation determining if it's worth the money to spend $X to R&D ASICs.

[bathrobehero]

ASIC is bad for altcoin, period. if you coin is ASIC and POS favored then it won't last long. take my word for it.

What? That's a total lie, Asics get tons of investments going and then dedicating miners to that algorithm (more the main coin behind it)but that keeps the coin interested and more people into it. Why do you think litecoin has been around for so long? Without asic it would have sank a while ago.

None of that is true. ASICs don't make more people interested, they completely shut CPU/GPU miners out and waaay more people have CPUs and GPUs then ASICs.

ASICs cause centralization, there are trust issues with some ASIC companies, they may or may not use their hardware before shipping them when it's super profitable, delayed shipments (likely because of the previous point) and old ASICs become completely worthless.

You missed the whole part of Asics bringing in money invested in the coin which leads to the other points. GPU and CPU miners are only going to mine what is currently the most profitable , Asics lock down to a specific algorithm, a network that can drop in hashrate by a monumental amount due to a new coin coming out doesn't help a network.

ASICs costs money yes, but that's not an investment into a coin. They don't bring any money in, their aim is the opposite. It's all about the value of all the coins that can be mined each day.

There are hundreds of different ASIC coins, not just one of each so some flexibility is there as well. ASIC miners also jump around to mine the most profitable coins.

They don't bring money into a coin? They get people to buy miners specifically for that coin, just look at scrypt miners, Titans still sell for a ton that money poured in is faith the coin will be around tomorrow to mine it and the company who is making the miners obviously wants the coin to succeed , they try and help push things through or commit to changes. Look at antpool, obviously owned by bitmain and they are a part of trying to get a fork passed that they believe will help the coin live longer and prosper.(I don't agree but that isn't the point) The point is without bitmains Asics there wouldn't be their company trying to actively help a coin prosper and last. AMD and NVIDIA aren't out there trying to help ethereum.

You got it ALL wrong. ASIC companies couldn't care less about any coin. They're not investing in any coin, nor they support them, at all.

The one and only reason for a company to decide to invest into R&D ASICs is if a coin has a high value mining emission rate (all the coins that can be mined in a day are worth a lot) - and obviously enough liquidity. That's the only thing they're after because that's what will get people to buy their hardware (prospect of profit) and in return get those companies paid. There's no charity, no investments, no support, just a simple equation determining if it's worth the money to spend $X to R&D ASICs.

And you aren't getting it, they support their profit by supporting the coin. They want whatever coin that people mine to be worth more so they can make more money until they ship their units mining themselves and then increase demand. Take for example Bitcoin if it was $10 a coin Bitmain wouldn't be able to sell their miner for the current price it would be illogical and no one would buy it but if it goes to $2k a coin they can charge 1.5x the current price and not lose demand all while mining it themselves. They aren't being gracious they are profiting through a mutual partnership.

They are companies. They don't invest based on speculations hoping coin X will increase in value. They invest based on actual prices and values.
And as I said time and time again, they sure as hell do not support coins. Investing money to gain more money is not "supporting a coin". You have to look at the bigger picture, not just how you perceive how one specific ASIC company do things.

They make ASICs because it's profitable for them to do so, that's all it is. And if there are ASICs out for a coin, that coin is not "supported" more, in fact, it's just mined by fewer people and so it's more centralized.

[tromp]

A better question is: what is the most ASIC-resistant instantly verifiable proof-of-work algorithm?

PS: Some people call any PoW that doesn't have ASICs available ASIC-resistant.
      That is clearly not what ASIC-resistant means. It means that it's questionable
      whether whether the efficiency gained (e.g. in hashes per Joule) is enough to
      compensate for the research, development and production of said ASICs.