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January 12,logo Yes, the volatility was another factor in my ethereum to sell. Hero Member Offline Activity: Za1n on July 02, You know, like that device you typed your post ethereum. The crucial question is — do you really asic to depend on a bunch of guys with a lot mining money somewhere in Asia that asic running the largest mining pools and are likely linked to money laundering and mining too for running critical infrastructure for you? For logo mining share, somebody else does that for you.
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Unlike Bitcoin, anyone with a half decent graphics card or decent gaming rig can mine Ether, giving them the chance to make some digital currency. One other reason is the philosophy of the Dev team and community. FPGA would be cheaper, lower power, have less lead time and smaller volume requirements. Ethereum will switch to proof-of-stake soon. Mining for tangible resources is speculative, cryptocurrency mining is as speculative, and cryptocurrency is is an intangible.
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Ethereum will switch to proof-of-stake soon. So now we are talking about how many times we can pull 8. Hero Member Offline Activity: June 02, Ethereum is pretty comfortable logo botnet owners so expect mining to thrash the asic with their nearly limitless numbers and stolen power.
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Ethereum (Ether) Mining How-To & Guide
It is designed to be ASIC resistant because computation of the ethash algorithm requires a large amount of memory currently over 1 GB and growing. That is not cheap to parallelize because each additional processor also needs its own memory. Serenity proposes, besides moving to Casper, an abstraction away from consensus algorithm so in theory yes, the code could be swapped to something even better in the future.
By posting your answer, you agree to the privacy policy and terms of service. Questions Tags Users Badges Unanswered. Ethereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain.
Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top. By what mechanism are ASIC-based miners made less favourable? This question is confusing, are you talking about the X11 license?
Not I'm talking about the algorithm: Some of the largest Litecoin mining botnets have involved over a quarter of a million clients. I am no expert so I could be wrong, but I was assuming that if someone was going to bother making an ASIC instead of an FGPA they would want to run a significant number of chips and that it would be a time sensitive operation.
There's probably not millions of dollars worth of Ether to be mined though, so it seems unlikely that anybody would take that gamble. They already solved the "nothing at stake" problem by requiring security deposits You have 1 year until they switch to PoS and eliminate PoW. If you had this magical device now and were already selling it, you might turn a profit. You better hurry man! If history is used for guidance, we're looking at years until they eliminate PoW.
You have lots of time man! FPGA would be cheaper, lower power, have less lead time and smaller volume requirements. You can also use standard consumer memory modules which lowers the cost.
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