Think back to when BTC went ASIC, that eventually was responsible for a lot of hashing power moving to LTC.
Now we have LTC JUST starting to go ASIC. It is not as big as when BTC went ASIC (as SCRYPT won't see the huge jumps in hashing power with an ASIC), but I really think this is going to point a lot of people
looking for coins that are relatively ASIC proof. Sure an ASIC can be built for most coins but not till the price warrants that.
Quark is in a unique position for our inflation rate is extremely low relative to other coins. So, getting quark is really only feasible through
purchase and not mining. e.g. I have an AMD FX8350 going at 850kh/s and only mine 3 or so coins a day. (Not good at this price for me.)
If LTC does go the way of ASICs (as one MUST consider energy consumption here) and if Smelter progresses with Quark mining on GPU's, I wonder if that will increase interest in Quark?
The big IF is that our price needs to appreciate a bit. When that happens, things can really change dramatically.
I also look forward to a default implementation of mining on wallets (switchable, but on for 20% of CPU or so) as that will really strengthen the network.
The variables involved with Quark, mining, ASICs, price, etc. is a bit unique and I wonder how it will all play out.
Any ideas?
IAS
Before giving you any ideas , how did the halving affect the price?
You know , we had a little debate over nothing will happen ....
I need to rub it again , after I already made my day in the doge thread , where everybody was also hoping for the reward halving to drive the prices to the moon.
If the price won't move , you won't see any miners coming to quark , just leaving.
But , the network can be sustained with only 1 miner , if he is trustworthy. Botnets... that's a different story.
It seems like you are more concerned with being right and not finding truth? Fair to say?
It appears with the price being this low and halving happening, that there is no drive to mine or increase buying of the coin.
But on a positive note, the price went up and right around that time you disappeared... But seriously though, you are simplifying the argument, once again, I'm afraid just to be right. And the reason I say that is because your perspectives, or rather perspective, is
apparently so narrow. I'm not saying that insultingly, rather it is just the choices you give and all that you skip over. e.g. -
I mentioned ASIC's and the affect they've had, you
didn't address that. And in our last talk, you did the same - picking out pieces and not going deeper.
Because ASICs for scrypt coins , won't have any impact on quark. Nothing , zero , nada. It's like thinking about how the new strawberry harvesting machines will have an impact on bananas price.
As for that price just when I was away , if I would have been online at that time I would have sold
I'm waiting for the next pump to do it.
I don't really follow your finite way of arguing. I'm here to gain perspectives, you really give the impression that you have all the answers but through that, something is missing in your argument.
BTC going to ASICs really affected LTC, at least it appears so. Now LTC is going a bit down the same path.
All I am saying is there might be an effect from that. Disagreeing with me as strongly as you want "won't have any impact on quark. Nothing , zero , nada." and giving a fruit example, isn't exactly
adding strength to your argument. I'm not saying you are wrong, but you do a poor job of proving your point. We are in uncharted waters.
Quite a few LTC people are pretty pissed about the whole ASIC thing. I'm not, even though I support LTC. More and more people are going to be driven from ASIC coins because the costs and
risks involved are just too much. Well, if buying is more profitable than mining (pretty much across the board) and Quark can pretty much only be bought, then we very well might see
more buyers coming WHEN you include all the other benefits Quark brings.
How can you skip over all that? It makes seeing your agenda a bit easy.
And what I meant regarding the price was, you disappeared when it started to go up and you were proven wrong.
Seems like your motive here, again, is not truth, it might not even be being right, but rather to spread FUD if your posts are any indication, as well as the timing.
And I am not meaning this to be a personal attack but there is something uneasy about your posts.
Best,
IAS