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.
Probobly a Scam. Not sure.
GPU's work, and they have a resell value. Most of you who mined with an Asic know that it is impossible to ROI.
even if they are real ( and probably are ) - they mine x11 - full stop! ...
gpus are -
1 - reusable ...
2 - multialgo ...
3 - optimizable ...
4 - resellable ...
5 - long life-able
...
with asics ... when a newer asic is developed and then is sold on the free market - which outperforms the last asic by n times ... you more or less throw the old asic out ...
or use it as a door stop ...
my advice - use the old asic as a footstool ... always sit ergonomically in my books
...
#crysx
You resell as soon as new ASICs come out and preorder new ASICs from reputable companies. That's the rotation of the ASIC market. That's not as feasible with BTC as older ASICs seem to be completely worthless, instead of being less efficient. Every six months they seem to use more power then they mine due to the difficulty climb. Where as something like Scrypt ASICs are still profitable from the first batch close to two years ago.
As far as how big your farm is, who knows, I just saw you skulking around Decred... So I suppose that means you like profits. :]
keep the 5% mate ... you deserve it ...
#crysx
You should mine on his pool instead of Suprnova instead then! XD
Ah nothing quite like hypocrites.
@ Decred Team
How can you chose such a compute intensive algo and hold onto your coins for 1 and even more 2 years???
The ASIC companies will RAPE your ARSE very hard. They have NO intention to EVER hold a SINGLE coin!!!
ASICs are welcome but not in SUCH a short timeframe which IMO will happen especially with blake.
(you made it too easy for them
)
After 6 months I definitely sell my DCR and rebuy after you got raped. (what a shame)
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.
Donations:
SP - 8aef127224030cbe92d7c7fb77b9267f82b1e8e117d3ff02bfcea663fb13c7ec
Long term support
Tpruvot - 57c87fa1ac7512bd2c243a2e7196b1297ecebb25ca5cafd4f7b16ff8d2426af7
Decred
Genoli - Can't find your BTC address.
aaah ...
once again bensam - talking through that hole that was misplaced from between your legs and put on that face of yours ...
incredible ...
hypocrite you say? ... well - lets see ... if mining FOR tpruvot - AS WELL AS - mining on yiimp AND continue to do so on a rotational basis every week - qualifies as donation enough? ...
what you dont know - doesnt mean didnt happen - and therefore doesnt make me a hypocrite ... in fact - because i did this - it actually makes me a donor of better standards than you are ...
but then - what does a 'hypocrite' like me know - right? ...
i started with 2 x gigabyte 290x oc cards two years ago - and have mining ever since ... have grown and learned and become one of the people to contend with in the mining department - and will continue to do so ... while you continue to complain and accuse and misdirect as well as mislead - with your innate disgusting demeanor and false 'facts' ... had you and nous at all - let alone integrity bensam - you would put you money where your mouth is - and not your bumhole ...
but then again ... at least you are consistent ...
i will continue my way - and continue to grow and become part of the community that helps me grow ... while you - errr - ummm ... while you stay consistently - ummm - consistent ...
ah! ... nothing like imbeciles ...
#crysx
Nice to see you on MN pool with a anonymous account now. <3
)
