Topic: [XPM] [ANN] Primecoin Release - First Scientific Computing Cryptocurrency - page 78. (Read 688812 times)

With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

How? When each unit is 6000 dollars a peice! Nobody can afford that!

Nonsense. I paid $950 for mine. The USB ASICs are like $150. And these are just the first generation ASICs. Do you know how much the first computers cost? ASICs have already brought the cost per hash way down.

TheSwede75

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Quote from: Plazma on July 18, 2013, 01:08:19 PM

With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

How? When each unit is 6000 dollars a peice! Nobody can afford that!

Nobody? You do realize that there are 100s of people on this forum deeper then $100k in GPU/ASIC already..

ReCat

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With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

How? When each unit is 6000 dollars a peice! Nobody can afford that!

Cheapest asic right now is 80$

Link or it didn't happen, and BFL doesn't count.

Plazma

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With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

How? When each unit is 6000 dollars a peice! Nobody can afford that!

Cheapest asic right now is 80$

ReCat

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Activity: 406

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Quote from: Teka on July 18, 2013, 12:29:09 PM

With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

How? When each unit is 6000 dollars a peice! Nobody can afford that!

Vigil

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With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

It might do but it will also make a lot of people extremely disappointed when their asics turn into paperweight because of the massive difficulty increase.

That is initially. But one day even small amounts of hashing power may bring in an extra $1000 per year.

So, I need to mine XPM for a few days with my 1200 PPS to find a block?

Teka

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With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

It might do but it will also make a lot of people extremely disappointed when their asics turn into paperweight because of the massive difficulty increase.

Vigil

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Quote from: ReCat on July 18, 2013, 11:41:05 AM

With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

What is unfair about it? How can someone who doesn't understand free markets even be a proponent of cryptocurrencies? Are you sure you are in the right place? ASICs will bring mining to more people than GPUs and CPUs ever did.

n4ru

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Quote from: ReCat on July 18, 2013, 11:41:05 AM

Whoa Whoa whoa. What if... WHAT IF... Primecoin is the new Litecoin?

Duuude.

It looks more like a new Novacoin, amazingly high price and no use

It has a use. It can't be asic bombed. People have plans on asic bombing litecoin, and bitcoin is already being asic bombed.

You have no idea what you're talking about, 'nor what an ASIC is by definition...

ReCat

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With ASIC manufacturers capitalizing on their ASICS like they are now, it's just an unfair game of the absolute richest getting richer.

Vigil

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Activity: 378

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Quote from: ReCat on July 18, 2013, 11:41:05 AM

Whoa Whoa whoa. What if... WHAT IF... Primecoin is the new Litecoin?

Duuude.

It looks more like a new Novacoin, amazingly high price and no use

It has a use. It can't be asic bombed. People have plans on asic bombing litecoin, and bitcoin is already being asic bombed.

ASICs are a benefit to cryptocoins, the last thing you want to do is make a coin that prevents ASIC use. There will be ASICs that can mine XPM, if XPM continues to be a success.

ReCat

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It's not hashing anymore. Either way. ASIC bombing this is going to have to wait a long, loooong time.

ampere

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Whoa Whoa whoa. What if... WHAT IF... Primecoin is the new Litecoin?

Duuude.

It looks more like a new Novacoin, amazingly high price and no use

It has a use. It can't be asic bombed. People have plans on asic bombing litecoin, and bitcoin is already being asic bombed.

Why can't it be?

ReCat

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Quote from: xyzzy099 on July 18, 2013, 11:07:04 AM

Whoa Whoa whoa. What if... WHAT IF... Primecoin is the new Litecoin?

Duuude.

It looks more like a new Novacoin, amazingly high price and no use

It has a use. It can't be asic bombed. People have plans on asic bombing litecoin, and bitcoin is already being asic bombed.

panoss

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Quote from: panoss on July 18, 2013, 11:05:44 AM

Quote from: xyzzy099 on July 18, 2013, 11:03:52 AM

Quote from: paulthetafy on July 18, 2013, 10:57:47 AM

Quote from: panoss on July 18, 2013, 11:05:44 AM

Could someone inform me what is the total number of XPM?I see @ http://coinmarketcap.com/
that there have been found-mined 938,843 XPM ,but I cant find the total number anywhere.
Thanks

umm.... primes are infinite Cheesy

so 938,843 is the number of prime numbers that have been found since the beginning of the XPM project?

No, it's the number of coins generated.

and the number of XPM'S are infinite?

There is no hard limit, like the 21,000,000 BTC limit. There will always be some XPM inflation.

I see know
thank you

xyzzy099

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Quote from: xyzzy099 on July 18, 2013, 11:03:52 AM

Quote from: paulthetafy on July 18, 2013, 10:57:47 AM

Quote from: xyzzy099 on July 18, 2013, 11:03:52 AM

Could someone inform me what is the total number of XPM?I see @ http://coinmarketcap.com/
that there have been found-mined 938,843 XPM ,but I cant find the total number anywhere.
Thanks

umm.... primes are infinite Cheesy

so 938,843 is the number of prime numbers that have been found since the beginning of the XPM project?

No, it's the number of coins generated.

and the number of XPM'S are infinite?

There is no hard limit, like the 21,000,000 BTC limit. There will always be some XPM inflation.

panoss

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Activity: 28

Merit: 0

Quote from: paulthetafy on July 18, 2013, 10:57:47 AM

Could someone inform me what is the total number of XPM?I see @ http://coinmarketcap.com/
that there have been found-mined 938,843 XPM ,but I cant find the total number anywhere.
Thanks

umm.... primes are infinite Cheesy

so 938,843 is the number of prime numbers that have been found since the beginning of the XPM project?

No, it's the number of coins generated.

and the number of XPM'S are infinite?

xyzzy099

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Activity: 1065

Merit: 1077

Quote from: paulthetafy on July 18, 2013, 10:57:47 AM

Quote from: paulthetafy on July 18, 2013, 10:57:47 AM

Could someone inform me what is the total number of XPM?I see @ http://coinmarketcap.com/
that there have been found-mined 938,843 XPM ,but I cant find the total number anywhere.
Thanks

umm.... primes are infinite Cheesy

so 938,843 is the number of prime numbers that have been found since the beginning of the XPM project?

No, it's the number of coins generated.

panoss

newbie

Activity: 28

Merit: 0

Could someone inform me what is the total number of XPM?I see @ http://coinmarketcap.com/
that there have been found-mined 938,843 XPM ,but I cant find the total number anywhere.
Thanks

umm.... primes are infinite Cheesy

so 938,843 is the number of prime numbers that have been found since the beginning of the XPM project?

paulthetafy

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