Freetrade,
With these numbers, I believe that Memorycoin 2.0 is NOT GPU resistant.
The R280x GPU can mine 22 HPM with a price at around $420.
That is around $20 per H/m. That is way too profitable for GPUs as opposed to CPUs.
The H/m equipment cost should be around $150 per H/m for CPU miners.
This is a big problem and I hope that you can correct this matter, either by forking MMC by using a new, more GPU resistant algorithm when starting Memorycoin 3.0.
I was looking into renting a dedicated server for a month, found one for ~$80 which has AES and will give me about ~5.5 h/m. Then I saw the h/m for the R9 280x is about 20+ h/m. Why would I invest $99 for 5.5 h/m when for 4x that amount I can get 4x the hash power? I bought the card.
I admit I am very new to crypto currency, and do not fully understand the mechanics and models FreeTrader talks about, but won't the card pay for itself in a month or so? Even with electricity costs? Or will declining prices and increasing difficulty make this card impossible to pay off?
(Naturally, as I GPU mine, I can CPU mine, so my total hashrate will be higher than just the GPU card)
Thanks.
I should note that ultimately, I am not in this for a quick profit. My ultimate goal is to mine and hold as many coins as I can, after paying off some of the investments and operating costs.