I believe that exciting times will come ahead for CSC from now and beyond. The increased mining activity shows huge interest from miners into the coin, making possible to see a price rise in the future.
It never ceases to amaze me what delusions people get themselves into. I have seen this many times in absolutely hopeless investments that were dying, and even when the company went into bankruptcy, people on message boards would post that a white knight will emerge and make an offer for the shares.
"huge interest from miners"? Seriously? Which sane person would mine CSC when there is practically no market to sell it? Miners' business is to mine and then immediately sell the mined coins. The CSC developers made mining CSC all but pointless by reducing the reward to 1 coin per bock. Not surprisingly, genuine mining activity reduced, which made the recent 51% attack possible. The recent uptick in hash rate is likely due to the so called "new CSC team" (just the same people as before) putting some hashing power into the network to keep it running and to make another 51% attack a bit more difficult. There is no outside interest in CSC. None!
Please look at the facts: CSC is ranked 317 in coinmarketcap. It is suspended on Cryptopia, it has suffered a 51% attack recently. It has abysmal trading volume. It is dead.
Right now, the value for each CSC is extremely cheap so it may prove to become attractive for new investors and traders, eventually resulting in a massive price increase the more demand it gets.
On what basis? In the past 7 months, we have just seen the biggest market bubble in cryptos, with BTC rising 5-fold, ETH rising 1000s of % and dozens of other cryptos rising exponentially. In this market climate, CSC managed to do absolutely nothing. Cryptos are now in consolidation mode and if the 2000 dot.com bubble is anything to go by, most minor cryptos will die and a handful of major players will emerge as winners.
In addition to this, if the CSC team decides to make a swap for a new Casinocoin 2.0 powered by Ethereum smart contracts, it will become a major boost for the cryptocurrency in terms of popularity, usage, and awareness. Besides, if this becomes a reality, CSC would have the same security of the Ethereum network, while at the same time providing never before seen features that will increase its demand in the long term.
Why would the "CSC team" decide to make a swap? Why do you even need an existing crypto with no value and no recognition to do smart contracts for gambling on ETH? Just go ahead and do it.
Besides, the "CSC team" managed to make absolutely nothing out of CSC when they had the opportunity of a lifetime in the form of the recent crypto hype and before ETH became popular. With ETH, there is no longer a need for special purpose coins, as ETH provides the platform to do anything with smart contracts. The suggestions to "swap" or "merge" CSC with the ETH platform show just that, that CSC is obsolete.
Imagine being able to play any type of gambling game in a decentralized fashion with Ethereum smart contracts, using the CSC token.
Great idea Sherlock, it's already being done:
https://medium.com/@dao.casino/why-dao-casino-is-ethereum-for-gambling-7ed2f5cea40cAs I said, one does not need CSC to do ETH based gambling.
