Topic: Altcoins vs. ASICs (Read 550 times)
This is true. Some people have not allowed this to set in their mind yet. Those buying asic are locked in to mining SHA256 chains. No switching can be done unless they have GPUs. But even in that case bitcoin gpu miners are getting squeezed out by ASIC miners.
What is everyone's opinion on the impact of ASICs on the altcoins?
It seems to me that the smart ASIC buyers will be mining whatever's got the highest profitability ratio, will this have an effect of bringing parity to the SHA-256 altcoin prices?
If this happens it seems to me that LTC will be the only unaffected coin and may wind up remaining the most profitable to mine.
Thoughts?
It seems to me that the smart ASIC buyers will be mining whatever's got the highest profitability ratio, will this have an effect of bringing parity to the SHA-256 altcoin prices?
If this happens it seems to me that LTC will be the only unaffected coin and may wind up remaining the most profitable to mine.
Thoughts?
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