Quote:
Originally Posted by freecartoonporn
i see loads of bfl ads on many sites. and i read the number of bitcoins are limited.
21 millions
and 10+ million bitcoins are alraedy mined without asics, and asics are changing the game, mining is super fast.
so whats the use of the ASIC miners , after all bitcoin are mined ? which are obviously made just for bitcoin mining.
you can still use the gpu for gaming and stuff but wont asics be dead ? or can they be used for other stuff ?
thanks.
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You're misunderstanding how the algorithm works. As mining gets faster, the process to mine a coin gets harder. It self-adjusts to the speed of the miners, to keep things consistent.
You're understanding ASICs correctly, though: an ASIC, by definition, is useless when its job is not longer applicable. Why is that a problem? Do you expect your 486 PC to have utility now in today's market?