After a few days of reading on it, it seems that the only real mining equipment needed is some multi-TB hard drives, otherwise any old computer can eventually make the plot files and be good enough to mine on.
But therein lies a problem. Cost of entry is low. It won't be long before someone with huge storage capacity jacks the difficulty into the stratosphere.
You've seen what happened when ASICs came out for Bitcoin, and then for Scrypt coins. Difficulty went sky high, everyone got less, and it takes a ton of money to even be a low level player.
So how long will it be before 100 TB worth of hard drives gets you one block per week? Of an unknown, untested, unproven alt coin that could price crash at any time?
At least with BTC ASICs, their high price slowed the addition of them a bit. Any jackhole here can call up Tiger Direct and order 100 4 TB drives at any time, and then we could see a run on large hard drives like what happened with GPUs last winter.
So part of me wants to get in on it, and part of me wants to say the hell with it, it's not worth the effort to be playing catch up and adding TBs of storage every few weeks.
And hard drives do not have good resale value.
And we are all solo mining now! How long before Petabyte pools start on this coin?
What say you?
just mine with what you have and even if the petabyte miners come along and drive up difficulty wouldn't that translate into higher price for the burst that you mined and held from the beginning. i think you're putting the cart before the horse with all this worrying.