Author: praxeology_guy 2017-04-08 18:15:43
Published on: 2017-04-08T18:15:43+00:00
The use of ASICBOOST is a controversial topic in the Bitcoin community. It has been observed that ASICBOOST causes Bitcoin's Proof of Work (PoW) to become more memory/latency throttled instead of raw computation throttled. The equation for mining profitability is Power Cost + Capital Rent + Labor ~= block reward + fees. Capital Rent is a barrier to entry and in desiring a more distributed system, minimizing the Capital Rent portion of the equation is desirable. However, resolving memory/latency throttle requires a greater Capital Rent than raw computation throttle. This makes ASICBOOST not desirable, even if it wasn't a government enforced monopoly on mining.
Updated on: 2023-06-11T23:59:36.348547+00:00