RIP to the overload of SIA miners that have been dumping daily - killing the SIA price and destroying our supporting miners. NO MORE - it stops NOW. Finally.
Miners that give a #@#$%@ about SIA and community are back in control.
Check out all of the daily miner SIA dumps happening for the last time today ... Good riddance to all of you and may the door hit you on the way out! So long Jihan and Bitmain crew that has rekt SIA's pricing support for far too long.
Also, SIA > USD --- This is really big news, Don't see the other coins/tokens getting USD support at POLO & Bittrex.
Something brewing with SIA, the infrastructure occurring on exchanges is incredible.
That in my view will only (unfortunately) last 2-3 months. It will be a fairly easy fix to any new ASIC's to do the forked siacoin. In Bitmain's case it usually takes
them 1.5 months to mask chips and 1.5 months to get them into the world. This is very temporary. Innsilicon/Baikal/Bitmain will have a monster miner out
at the lastest in 3-4 months IMHO.
The only chance this MAY not happen is if the price of BTC and other Altcoins are sideways in price or drop further...thus not making it worth their while
to make these units...But betting against that cuts my neck in my hoard value of altcoins and BTC so I have a problem looking at this in that manner indeed!
whatever. Chump or Champ. We will be the first to know
later
brad
Hang in there my friend!
There is no 'fix' for adding circuitry/hardware to existing Asic miners. The changes made would require redesign, which Bitmain LOST their lead Asic designer some time ago - if anyone missed - this large event majorly offset their IPO plans and halted productions. Jihan has pissed off the majority of the few remaining workable asic prod facilities, in kind they contractually refuse further design agrmnts.
Bitmain is unlikely to rollout any new hardware designs as the setup process can take 6+ months before prod of any unit begins. Also requires large initial $cash$ sttlmnt - millions - Jihan admitted these setbacks with Bitmain as documents/evidence surfaced during the first IPO attempt (many details became public).
Bitmain cannot easily fix this, nor can they quickly/easily reproduce the single required Asic for mining SIA.
Other mining hardware manuf face these same hardware redesign challenges - this is not a quick fix , time + severe costs.
No worries, The obvious deterrent here is sufficient to secure SIA mining in the future.
SIA would not have made this move if it was a simple quick step to change for other mining hardware. Alot more to this.
And now, we see the final last of the daily miner dumps happening up until the fork later today. Take note of this.
*Don't forget Bittrex USD>SIA added for easy 'On-ramp' (Institutional? Coinbase add?
)
Anyone else opinion as to why Sia was selected from the 300+ Coins listed on Bittrex for USD?