I liked!
Monero is hard forking on March 14th. It's changing POW algorithm to prevent ASIC miners and to remove mass botnets. They want to see if the community wants to follow in that direction as well.
Is that the XMR fork that is called MoneroV? Or is that a different story? I only heard that many are buying XMR now to receive a new coin when the fork happens.
Yea it's the moneroV fork. I don't think they necessarily want to change the algorithm anytime soon. I think they just want to know what the community would like if some sort of ASIC was released for CryptoNight.
Wasn't changing the algorithm the whole essence of making a fork? I am not too deeply into this but that's what I thought all the time.
Once the mining situation stabilizes it will be sure to drive the price up. But it's not possible for one to obtain a majority of the coins, the nicehash power is an advantage but not an exploit.
Is it even possible to compete with Nicehash in any way these days? I have no clue how big of a company they had become. I used them years ago.