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A comment on Delaying the Inevitable: Muir Glacier and the Ethereum Difficulty Bomb. Parent comment

Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di... by arcticbull on Friday January 03, 2020 @01:43PM (#21948931)
The system is meant to balance itself out one way or the other. You throw more efficient resources at it, and it becomes less efficient to maintain its 10-20 second block times. It's actively anti-efficient.

The idea behind ASIC resistance is not efficiency, but rather to limit centralization. If you can use generic hardware that anyone can access it is intended to reduce capex required to become a cost-effective miner. Now of course, I don't think that makes sense, but that's the idea.

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Re:Delaying the Inevitable: Muir Glacier and the Ethereum Di... by sp332 on Friday January 03, 2020 @02:39PM (#21949522)
Ah, you're right. After having enough hashes to secure against attacks, they don't really do anything useful. People will just mine as many as they can with a given budget, which buys the same number of kWh no matter how efficient the hash calculations are.
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