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Regarding the underlying algorithms related to Bitcoin protocol.

15 votes
8 answers
3k views

Are there algorithms that could be used for mining that resist acceleration with ASICs?

In my related question about mining algorithms that balance CPU and GPU it came up that such an algorithm would tremendously increase the incentive for people to create mining botnets. … However, the algorithms typically used by Bitcoin and related currencies still have the problem that ASIC mining may be so efficient that someone who develops an ASIC and keeps it strictly to themselves …
David Schwartz's user avatar