RE: Tackling the ASIC Mining Threat

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Tackling the ASIC Mining Threat

in bitcoin •  7 years ago  (edited)

ASICs are but a tool, same as a GPU rig. ASICs are not the issue. The issue is ASIC manufacturers building giant farms and secretly mining at hashrate levels that make up more than 50% of the total global net rate and then a few months down the road, after they drove up the difficulty level and bled the algorithm dry, they then turnaround and start pulling these used ASICs off their selves and start selling them to the public as new. ASICs are not the issue, its shady ASIC manufacturers that are the problem.

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