They are not dead. x11, script-Jane, Script -N etc are the future for several other reasons
Milliions, Billions of ASIC's. You cant be serious. You can barely get your usable bitcoins ASIC's delivered in 12-16 weeks or ordering and Script ASIC's are from unreliable Chinese factories with long delivery times for qty orders over 5 units or so. Many delivered do not work properly kind of like riser cables. I should advise you that I have been ordering many products 'directly' from CHina for over 6 years [ thats like a 60yrs in chinese wholesaling time
]
btw GPU sales are still very brisk on EBAY which in economic market terms is still the big dog in establishing where the damand and supply lines intersect.
Even with some of the above, I am fine with X11 and I believe the Dev's should switch as soon as possible.
Milliions, Billions of ASIC's. You cant be serious. You can barely get your usable bitcoins ASIC's delivered in 12-16 weeks or ordering and Script ASIC's are from unreliable Chinese factories with long delivery times for qty orders over 5 units or so. Many delivered do not work properly kind of like riser cables. I should advise you that I have been ordering many products 'directly' from CHina for over 6 years [ thats like a 60yrs in chinese wholesaling time
]btw GPU sales are still very brisk on EBAY which in economic market terms is still the big dog in establishing where the damand and supply lines intersect.
Even with some of the above, I am fine with X11 and I believe the Dev's should switch as soon as possible.
Then go mine an x11 coin... (Seems like one a week now, and soon one a day will appear. If it works for you, then join that party.)
Not all ASIC's are from China, most ship in days and arrive in a week. Sounds like you just have crappy China distributors. Oh, and China to China shipping only takes a week. There are now over 20 decent farms, and seven major ones, with several thousands of ASIC's in them.
Ebay is not a reliable source of anything. As for your ignorance to the GPU's manufactured, and GPU sales, and those scrypts being the "future". Well, I'll just let that future speak for itself. At the moment, it is saying "Yea right". They are all experimental scrypts, which still favor NEW GPU's. So that defeats the whole purpose of the fight. Those promoting it are promoting their own death. They are the ones with old-hardware farms that will just be beat-out by new hardware-farms. The only reason it looks like they are remotely winning, is because NO ONE IS BUILDING NEW HARDWARE FARMS. (How ironic... Invent a stupid scrypt, announce it keeps away snakes, they look around, don't see snakes. Then everyone realizes there are no snakes in Ireland.)
So you degrade the card to do nothing, increase the number for hashes, then say... Look, it is running cooler. Yea, because it is doing less. (While the devs have the unhindered programs that actually run 100% on the machines in there farms, while they cash-out on you, running at 80%.)
Work = Power... if it pulls less power, it is doing less. Period. Doesn't matter what number you fictitiously create to measure it. In the end, it still pulls more power than any ASIC, and THAT is what you are paying for every month. That is why they will die as mining tools in the future. So essentially turning them into a half-assed ASIC is actually defeating the purpose. It costs less to produce that hash, so you sell for less. You have saved nothing. You could have sold that card and made more to buy a real ASIC, that actually saves you money to operate.
But I digress.
You obviously have no idea what the hell you are talking about. You buy crap from China in bulk.
The KGW is formulated backwards, and DGW is equally as screwed-up. They both favor hoppers and large-hashing-miners, while screwing the steady miners. That is why they keep pushing it, because THEY HAVE FARMS that take advantage of those exploits. Even though having KGW and DGW are better than not having it at all. (It just makes them more efficient at the rape.) Not to mention, each set of "lucky hashes", makes the coin think the hash-rate just shot up, so it adjusts up and stays up when it should not be up in the first place.
What the coin is made of, in a few months, will not even matter, unless it keeps miners on it steady. Once there is a market, the market will be the biggest determining factor of growth, unless the miners all leave. If they leave then there becomes an abundance of coins in fewer miners hands, and they can easily cash-out for gross gains. If they get raped by a farm, then only that one person can cash-out for gross gains, against us and the market, keeping miners off the coin.
The coin needs to be distributed across as many hands as possible, as borderline as possible, with a greater volume being held for futures. While the new coins are not spread so thin, that they can not compete with the volume of held coins, and all become losses. That is why the super-halving by difficulty makes it impossible to keep-up, with the majority already being held in the future. (Now throw halving on top of that, and reward manipulation that only favors those who held for the future, and you get sudden death.)
Technically, the rewards should start small, and get larger with more miners, but not so large that the more miners have the same as those few who mined early. Also not so small that they could never actually make a gain on a sale, without grossly over-rewarding those who raped the coin in the early days.
Unfortunately, there are not many hands here, or a decent supportive market, due to the premine and unproven statements from anonymous strangers who intended to manipulate MINERS earnings, as well as the MARKETS earnings. We already have a mining manipulator, it is called difficulty adjustments and halving. We already have market manipulators, they are called people and bots. What we don't have a lot of, at the moment, is trust. That is the only thing that builds a market. Otherwise you just another coin, created by anyone, with any purpose and no direction we can actually follow. People hide for a reason. The intentions are becoming clearer as assumptions rise, since that is all anyone has, and all that is offered.
It's this simple... Do what is needed, or the coin dies. Don't do what is actually needed, and it dies faster. Do what you want, and you can swim in your coins alone, all day long.
So far, they have chosen to "Do what is needed."...
I am satisfied with that. It already drove-off most of those who never had any intentions of sticking around past the first pump. We can all move forward now. That has come and gone. Would you rather it happened a month from now, and left you stuck with more that could not be sold. At the moment, the diff is low enough that you can earn back any losses in a few days. (Well, unless another hired farm is pointed at the coin, blasting the diff up into oblivion again, which will boot all the miners back off the coin. Unless our steady volume is higher than the farms volume.)
