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April 27, 2013, 04:29:18 AM |
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All these ASIC's will do, is spend 90% of the time sitting on their thumbs, or verifying what the greater majority of the GPU's have done.
If they even survive... If they are doing nothing 90% of the time, because there is no more work to be done... What can they actually make?
It is the "volume" of workers, not the speed of the worker, which wins this race. CPU's died because they didn't have volume or speed. GPU's have volume and speed. ASIC's only have speed.
They still have to pull from the same pools as everyone else, and while they are solving "ABCDEFGHIJKLMNOP" as one fast chunk... the ones who solved "A" and "B" and "C" and "D" and ... ... ... "P" first, still win.. The cores they run are still slower than GPU cores. Since they are not multi-million-dollar companies who actually figured-out how to build a real chip, with fast cores.
Not to mention all the "hate" they will take, being targets of those with all these GPU's that can't cut-it, and decide to use the power they do have, to thwart the ASIC connections and pools and chains...
The issue I have with ASIC's, is that the manufactures of them, are hording our money to build themselves super-computers, and giving us a few crumbs in return (selling of x-number units, while they keep x*10-number of units for themselves, with our money.) Just imagine them "making thier own fraudulent chains", and being used to thwart all the real chains, since they are making them faster!
LOL... OMG, I must state my "Concern" with 256-bit encryption... I feel I can no longer use bitcoin, unless I have 512-bit security now... OMG ASIC fail! lol... Free 1:1 conversion to the new 512-bit encryption... GPU WINS! For the people, by the people... not for the man, by the man, at the cost of the people...
It is the peoples currency, and the people have spoken... demand 512-bit... or at-least 257-bit! lol... one bit at a time... die ASIC DiE
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