On 2017-04-16 17:04, Erik Aronesty via bitcoin-dev wrote:
This is a great solution. 8 or more secure hashes, each of which can be implemented on GPU/CPU, but rotate through them - per block round robin. Hardware, infrastructue investment is protected. ASIC is not.
The write time for configuring a FPGA with a fresh bitstream is measured in tens of milliseconds.
ASIC will never beat this - because it will be 8x more expensive to maintain the cold circuits.
Unused circuits don't consume power, which is the main cost in running a miner.
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