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ASICs explanation

Bitcoin Reddit

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There was a post few minutes ago (now deleted), suggesting M1 CPU from Apple would make a great miner... OP was immediately told it's a stupid idea (and it is), but for those wondering about such things, please read the first part (General overview) of this:

https://hackernoon.com/asic-resistance-is-nothing-but-a-blockchain-buzzword-b91d3d770366

It very nicely explains why exactly any super-duper-as-hell-expensive PC CPU is absolutely useless for bitcoin mining.

submitted by /u/tldr-hodl
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