Why are ASICs the right move for cryptocurrencies?

Please see the full blog post here: https://blog.sia.tech/choosing-asics-for-sia-b318505b5b51

There are essentially a few main reasons:

  • GPU mining leaves smaller cryptocurrencies more vulnerable to attack.
  • ASICs better align incentives between users and miners, because they introduce a switching cost for miners.
  • Someone at some point will develop ASICs for Sia. By introducing them first, and selling them to our users, we can ensure that the network remains decentralized.

How did we do?