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This change aimed to reduce the efficiency gain and economic incentive to develop custom hardware such as Application Specific Integrated Circuits ('ASIC'). While this initially prevented ASIC mining, new machines have been more performant than GPU mining, leading to most of LTC mining activities being conducted by ASIC machines (e.g., Antminer L3+).click bitcoin Money is also a form of communication. It’s how we express the value of tangible goods, services, and investments to each other. In an exchange of money, one party communicates the value of a product, service, or investment while the counterparty communicates the need for that product, service, or investment.So what is that script doing, exactly?bitcoin bow Communities have taken various approaches to counter miners’ overwhelming amount of influence. The team at Siacoin decided to manufacture its own ASIC miner upon learning of Bitmain’s Sia miner. Communities such as Zcash take a cautiously welcoming attitude to ASICs. New projects such as Grin designed the hashing algorithm to be RAM (Random Access Memory) intensive so that ASICs are more expensive to manufacture. Some projects such as Monero have taken a much harsher stance, changing the hashing algorithm just to render one manufacturer’s ASIC machines inoperable. The fundamental divide here is less about 'decentralization' and more about which faction controls the means of producing coinbase rewards valued by the marketplace; it is a fight over control of the 'golden goose.'bitcoin favicon
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