As resources are used to produce blocks and costs gradually increase, cryptocurrency enthusiasts, have begun to seek alternatives with lower power consumption, which are mainly divided into two categories:
1) Lower-cost alternatives
2) Versatile sta...
As resources are used to produce blocks and costs gradually increase, cryptocurrency enthusiasts, have begun to seek alternatives with lower power consumption, which are mainly divided into two categories:
1) Lower-cost alternatives
2) Versatile stackable
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The original intention of ETH and Monero is to resist ASIC.
They hope that the calculation method of block production can resist ASIC chips, and maintain a relatively low block production cost so that mining is not controlled by ASIC chips.
However, once a cryptocurrency is issued and market value reaches the scope of ASIC chip investment
ASIC developers will still find ways to design these cryptographic algorithms for mining through calculations into mining machines.
LTC, another well-known cryptocurrency, is also a representative among them, with its Scrypt algorithm, it has a technical advantage against ASIC but the ASIC equipment manufacturer optimized his algorithm and turned it into a mining machine to form a device.
In addition, the monopoly of computing power has brought about mass energy consumption.
