Doesn't every algo have an ASIC for it?

[precrime3]

Since crypto currency is based off of, we'll cryptography, doesn't the government have an ASIC for every algorithm? Or is that just the major ones?

[herzmeister]

it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs.

[precrime3]

it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs.

No I mean is th since the main purpose of cryptography was to encrypt messages, woudldnt the NSA have machines that could decrypt most algos and isn't that what ASICS do for mining? Decrypt a hash sum? Or am I terribly misled?

[GTO911]

With time every popular algo will have an ASIC

[blacksails]

it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs.

No I mean is th since the main purpose of cryptography was to encrypt messages, woudldnt the NSA have machines that could decrypt most algos and isn't that what ASICS do for mining? Decrypt a hash sum? Or am I terribly misled?

Are you suggesting the NSA is mining bitcoins?

[precrime3]

it's a question of economics. As soon as a coin is big enough so that it's profitable for there to be ASICs, there'll be ASICs.

No I mean is th since the main purpose of cryptography was to encrypt messages, wouldn't the NSA have machines that could decrypt most algos and isn't that what ASICS do for mining? Decrypt a hash sum? Or am I terribly misled?

Are you suggesting the NSA is mining bitcoins?

No, stating they have the potential too, because in essence if you have a sha256 decryptor/encryptor, that would work as an ASIC mining rig right? You just have to reprogram it to accept work over a stratum protocol and your right as rain, unless I'm mistaken.

[Bitcoin Magazine]

i hope so.  if not we should build them.  my god it's full of stars (hash rate)