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Author Topic: ASICS  (Read 904 times)
aeddan1 (OP)
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January 27, 2014, 10:34:30 AM
 #1

If bitcoin died what could we use all our ASICS for? Surely there must be some other use for them...
bitbitz
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January 27, 2014, 10:51:39 AM
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I dont think there is much use for them! Maybe heating! hahah
Rannasha
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January 27, 2014, 10:55:07 AM
 #3

If bitcoin died what could we use all our ASICS for? Surely there must be some other use for them...

Other SHA-256 coins (though if Bitcoin dies, those other coins will likely die alongside it) and electrical heating. That's it.
BitCoinDream
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January 27, 2014, 11:03:12 AM
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If bitcoin died what could we use all our ASICS for? Surely there must be some other use for them...

May be sold as heritage instrument to museum.

Kluge
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January 27, 2014, 11:11:09 AM
 #5

Theoretically (as in, out of my uneducated ass), I suppose you could increase the number of passes required for SHA-256 password schemes to ridiculous lengths. If it takes 500 quintillion hashes to unlock something, it'd be practically impossible to brute-force for the foreseeable future except by other former miners, and maybe the NSA if they decide it's worth their time to spend resources on this bizarre cryptographic "super-niche." Since it's basically useless except as a heat source, you can have your ASICs going 24/7 to encrypt (and decrypt) sensitive documents for corporations, though I'm unsure if you can distribute that in a way where the data isn't revealed to the encryptors/decrypters (though I suppose you get some psuedo-security by decentralizing the work).

With the Scrypt ASICs coming out, assuming they show substantial improvement and become obsolete or irrelevant, you could combine the two ASICs to create a SHA-256/Scrypt hybrid scheme, where they work in parallel on the two sets of problems.
Smileyftw
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January 27, 2014, 03:27:33 PM
 #6

it'd be almost impossible to brute-force for the future except to the national secret agency
oxfardk
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January 27, 2014, 05:04:04 PM
 #7

The hybrid scheme is the way to secure transmissions

BitCoinDream
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January 27, 2014, 05:29:00 PM
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it'd be almost impossible to brute-force for the future except to the national secret agency

National Security Agency

howzar
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January 27, 2014, 05:41:05 PM
 #9

except as a heat source
Now that's a new use  Wink , warmers prices are "to the moon" in winter you know so even if you don't want it you could sell it in a garage sale.
But anyway if BTC is still here you don't need to.
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