#1
Couple of months back, Bitmain, a prominent manufacture of ASIC miners, released equihash minier. This was seen as a big threat to all coins that made use of equihash algorithm, including Bitcoin Gold. The coin BTG was forked out of Bitcoin to take away decentralization from Bitcoin, which is only mineable using ASIC machines – something that cannot be bought in a general computer store.
So why hate ASICs?
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#2
Most of the investors hate ASIC because it can only be used in mining cryptocurrencies and some digital coins have a total control over ASIC-based mining.
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#3
Bitcoin Gold is all about giving power to the people. To mine BTG, all you need is a powerful graphics card and make it run equihash PoW (proof of work) algorithm. Now, if you take away this power from the people, you will be giving control the centralized unit called Bitmain. Remember, Bitcoin has full monopoly over ASIC-based mining.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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