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replied 2013d
Is there a known way to prevent ASICs from being made? I know Monero is trying by frequently changing or randomizing the algorithm itself, but there is still the problem of pools.
replied 2013d
Easy. with pow algo updates if needed. Bitmain learned swiftly to not develop asics for monero after their first attempt to fuck up the network.
replied 2013d
pools are not much of a problem as they don't control the HW. ASICs inherently bring centralization pressure.
replied 2013d
ASIC bring additional centralization pressure without imposing a cost on the maker of the ASIC, it rewards the ASIC maker, it makes centralization even more profitable.
replied 2013d
...which is why Monero switched to RandomX, making ASICs virtually impossible
replied 2013d
A malicious pool can pay to rent the POW by whoever has the general purpose HW and do what they want with it, there is no need to actually own any hardware, ASIC or otherwise to get-
replied 2013d
-Majority POW power, all it takes is paying above market rate to rent the hash in a pool. There is no way around that. However, there are non-51% attack reasons why ASICs are bad.
replied 2013d
And ASICs still has the rent problem + additional issues, so it is no better at some things and worse at other things.