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.
I'd never buy ASICs because they end up being once expensive doorstops and I don't like the lack of transparency surrounding the release of them. GPUs on the other hand are transparent distribution-wise, flexible and much, much more people own GPUs which on its own is better for decentralization.
GPU miners at least can adapt, as in they can mine something else or use the cards for things other than mining or just resell them. ASICs on the other hand are in a much faster race to the bottom. ASIC owners are much more incentivized to cash out as much as they can before their hardware inevitably becomes useless before the next generation of ASICs. And of course much less people invest in them which causes centralization and worse distribution which should be avoided for all coins.
It also doesn't make much sense for ASIC companies to sell ASICs that are so profitable, unless they already used them for who knows how long and realized that now it's much more profitable to dump them.
On the other hand, you tend to hear about ASICs a lot more then private kernels. Even though the hardware is quite transparent, it doesn't matter if you're using a shit pub kernel. We've been lucky enough to have some pretty decent Nvidia developers to work with and a new plethora of algos coming out that don't give people a chance to sit on for long periods of time. Those that are long term have already been whored out, like the X algos are all controlled by miners with private kernels and possibly ASIC miners already in place. That definitely is also not the case for AMD hardware and one of the reasons my AMD hardware went belly up and I had to retool to a much smaller Nvidia operation.
That's actually my number one gripe with GPU mining with some of the devs on here. Back alley kernel deals that no one hear about and eventually push you out of the market. You don't even get a chance to purchase the kernels. You just see your profits dwindle until you're negative.
Also agree on whoring out the ASICs though and ASIC upgrade path has high turnover, such that you're preordering new batches before they arrive and selling your old hardware as soon as that stuff comes out.
I added some more decred hash @ yiimp.ccminer.org 7 blocks found in 24hours now. (150GHASH)
You should join to support opensource development. (5% fee, but low rejects and stable payouts)
Please save some decred coins. Could go 1000% like etherum...
An altcoin made by the bitcoin core developers...
1000% more with 500k satoshi are you joking? would mean 0.05, above 0.01 is very difficult for any alt, and who is the dev behind decred from bitcoin core?
Etherum had 70milion usd funding.
ethereum was different, here they have done a giveaway for 3800 users(almost 2btc each and many alt probably), equal to easy dumping to me
From what I've seen what the developers do to make their coin 'good' has little to no baring on how well it does on the market. The market kills good coins and shit coins rise to the top. It doesn't matter, it all matters where the flow of money is going and what's climbing. Right now Decred is climbing pretty fast. Cryptos are unpredictable, the only thing you can base predictions on are the market and mining distribution (halvening). Even halving isn't always straight forward. There are people that predict BTC will likely rise when it halves... Then it just doesn't do anything. And vice versa, it rises when it's just not doing anything at all special.
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