WebJan 23, 2015 · You asked if it is possible, and the goal is "ASIC-resistant" by which you mean that it cannot be optimized through the development of an ASIC. Any algorithm is, by its nature, suitable to be encoded into an ASIC. Well, any programmable algorithm that is, and that includes all possible hash-chains. WebThis has two important benefits. First, Ethereum contracts can include any kind of computation, so an Ethereum ASIC would essentially be an ASIC for general computation - ie. a better CPU. Second, mining requires access to the entire blockchain, forcing miners to store the entire blockchain and at least be capable of verifying every transaction ...

Definition of ASIC Resistant CoinGecko

WebThe ASIC device that’s used to mine Dash coins is called an ASIC Dash miner (surprise, surprise!) If you’re thinking of investing in an ASIC Dash miner to mine the Dash … While cryptocurrency mining is often very successful using an ASIC miner, the high price point of this hardware makes mining inaccessible to the everyday person. This is why ASIC-resistant cryptocurrencies are a great option for those new to the mining industry or who simply don't want to splash too much cash on the … See more If you're unsure what an ASIC is, we'll run over a quick recap before we get into ASIC resistance. An ASIC, or application-specific integrated circuit, is a chip designed for a … See more There's no denying that ASIC minersefficiently and successfully mine coins. But today, even the cheapest ASIC miners out there will cost you a few hundred dollars up … See more While many cryptocurrencies are not ASIC-resistant, quite a few notable examples exist. So, let's discuss the top ASIC-resistant coins … See more When it comes to mining cryptocurrency, three pieces of hardware can be used. Of course, you've got your ASIC miner, and then there are CPUs … See more cytiva ecl prime

Should we change the mining algorithm because of ASICs?

Web"in order to be able to add blocks fast, Kaspa mining/hashing algorithm was chosen to be non-resistant against FPGA/ASIC implementation" This is wrong in two respects: 1. HH is ASIC resistant, 2. any GPU minable coin can be also mined by FPGA., 3. the algo was chosen prior to launch in a community vote, and could always be replaced. WebASIC-resistant cryptocurrencies are a way to challenge this centralization of the hashing power of a blockchain network. The protocol and mining algorithm of ASIC-resistant … WebA coin is considered ASIC-resistant if it can be mined without using ASIC miners (Application-specific Integrated Circuits). ASICs, as the name implies, are integrated circuits designed to execute a specific computing task. Mining farms use ASIC-based computers to optimize the Proof-of-Work (PoW) required to mine a cryptocurrency (such as ... cytiva fibro prisma