Who generates the coins has no baring on market prices. ASIC miners are no different from GPU miners, CPU miners, or FPGA miners. A miner is a miner. PoS is the only thing that would be drastically different as the reward structure is different.
wow that's very wrong
it all depends on who is mining ... that is the single and whole point ...
Glad you backed that up with reasoning and rational.
From a network security perspective, it doesn't matter. From a price perspective, the greater the distribution, the less chance of it being instantly dumped. ASIC mining causes more centralization and less distribution of the mined coins, therefore, more of a chance it's sold immediately.
Not sure GPU miners are less likely to dump then ASIC miners, regardless of ASICs probably being in large farms. Large farms can also employ coders and day traders who could maximize profits with said coins, which includes investment. Where as GPU miners often times are clinging to the edge of their seat just to pay for power bills as they can't afford either.
GPUs are harder to stack than ASICs - ASICs stack *very* well. Running a shitton of GPUs when your limitations have more to do with maintenance and shit than cost is harder than running ASICs which can take many forms, and would be easier to get bulk discounts on.
That doesn't have anything to do with how you treat the coins you mine, rather just the ability to centralize and increase density.
Day trading, hiring professionals because you're a large scale operation changes how you treat coins.
GPU miners aren't less likely to dump because they have ghetto hardware. They're miners too.
It's not about GPU vs. ASIC, it's about large amount vs small. Let's assume they have the same likelihood of dumping - it takes less ASIC miners dumping to do serious damage than GPU miners. Now, if you assume EXACTLY the average amount of miners who are mining a given coin will dump (by hashpower) then it works out the same. But it doesn't work like that - sometimes more than expected hold, but sometimes more than expected dump. Better distribution will reduce the volatility.
You know percents are equal across the board right? If ASIC miners and GPU miners are just as likely to dump (lets say 50% of both), that's still 50% regardless of how powerful their hardware is as it scales, since there is almost never an occasion where ASICs are mining the same thing as GPUs. Even then it'd still be the same as both would be just as likely to dump (50%) as you said.
There is nothing you've offered that would change how ASIC or GPU miners would treat their coins differently and you've event stated that they are just as likely to dump, percentages again. I offered the idea that ASIC miners have better allocation of resources due to being more profitable in large operations, such as using day traders and other professionals GPU miners don't have access to. You've offered nothing like that.
I mean I can just will magic out of my butt as well, but as I mentioned earlier... you don't have any rational for what you're talking about and what you've offered is logically circular.
Are you deliberately being thick? Given that they are equally likely to dump - you know what, let me put it this way: You have one student take a test, randomly selected. He's likely to get an average grade, but there's a chance that he'll score very high or very low - you never know. Now, take 100 students, have them take the test, and average the results. The latter will look a lot more like the average than the former.
The relation here is that there will be far fewer ASIC miners than GPU miners, and they will hold more coins. Less of them need to dump in order to cause issues - if it's spread out more, you have more of a chance that one or a few people outside the norm have a massive negative effect.
I don't think you understand how stats work. You don't get to pick whether or not someone scores high or low. That's what averages are for. If you state that miners for ASICs are just as likely to dump as GPU miners, that means 50% of them will dump. You don't get to pick if that's all in one part of the distribution or the other. Just the same as it doesn't mean the larger 50% will be more likely to dump then the smaller 50% (if they're weighted differently).
Are you saying there's the SAME amount of variance in the average of a large amount of people vs. the average of a small amount of people?
I'm saying you don't get to choose which part of a distribution that 'variance' happens in. If you assume because there are 5 data points, 2 of which are high, two that are low, and one in the center, you don't get to choose if it's high or low 'just cause'. Based on your logic it can be just as likely that those miners will hold and therefore ASIC miners will be less likely to dump. You don't get to pick unless you use logic to start adding rational as to why you think they'll be more likely to dump. That's no longer stats though and you haven't, I have.
This is also putting aside you're just randomly pulling stats out of your ass and I haven't done the same.
really? ... and you KNOW im anonymous? ...
You're like the only person that mines with 2% or higher donation (you didn't turn it off). Not so anonymous and it matched your hashrate from the other day when you dumped all your miners pool side.
i mine and donate 7% on ALL pools i mine on ( regardless of what they charge - except for yaamp / yiimp pools as you cannot change that ) ... and NEVER switch ANY of the miners to anonymous ...
period ...
so that wasnt me ...
im on yiimp now ... which will be switching to zpool in a day or so ...
im mining quark and x11 at the same time on various other pools also ... so spreading the load ...
so i never put all my miners in one area ... thats bad for the workload ...
another 2 x gigabyte 980ti extremes will be forthcoming in the next week - so that will increase the workload on quark ... may even change granite ( and the other coin im taking over next week ) to quark ... its been tossed up in conversation for a while now ...
will see how that goes ...
#crysx
