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Specialized chips are threatening to take over cryptocurrencies (technologyreview.com)
2 points by techrede 2958 days ago
1 comments

What I don't get is the basis for ever thinking that a hashing algorithm exists that is resistant ASIC-optimization.

Is the idea that if the algorithm literally should use nearly every instruction in the latest Intel/AMD chips? Or enough of them to make replication in ASIC infeasible.