ASIC and mining pool

Within the Bitcoin group, there are teams working collectively in mining swimming pools. Some miners use ASICs for PoW. This development of mining swimming pools and devoted ASICs makes it economically infeasible for many gamers to mine some cryptocurrencies with out entry to the most recent ASICs, low cost vitality close by, or different particular benefits. Some PoW declare to be ASIC resistant, that’s, the effectivity acquire of ASIC relative to commodity {hardware}, similar to GPU, is proscribed to lower than an order of magnitude. The benefit of ASIC resistance is that it will probably maintain mining on commodity {hardware} economically possible, however it additionally results in corresponding dangers, that’s, attackers can quickly hire a considerable amount of non-professional commodity processing energy to launch 51% assaults on cryptocurrencies.

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