However efficient ASICs were able to be constructed for the current (and previous) algorithms.
Monero will make a hardfork, right now actually, to brick the existing ASICs. The new algorithm isn't sufficiently different to prevent them however and we will probably see efficient ASICs in under 6 months.
The long term hope instead lies on a new algorithm[0] which tries to change the POW algorithm all the time. Will it hold up or will someone manage to create efficient ASICs? Your guess is as good as mine.
