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Title: What happens with BTC/Alts once scrpyt ASIC gets into the game in large numbers Post by: crazyivan on March 26, 2014, 07:57:02 PM Look at this scenario:
In a couple of months, scrypt ASIC will be in the market in large numbers. Not talking about Gridseed but KNC and others, machines with lots of hash. Similarly to what happened with BTC ASIC, scrypt ASIC manufacturers are going to use their machines to mine by themselves for a couple of months prior to delivering those to their clients. I can bet they are going to start dumping scrypt coins and exchanging them for fiat and BTC thus distorting the market. On one hand, this might favor BTC since it would create additional demand for out favorite coin. On the other hand, it might completely crush alt coin markets due to this large scale dumping I expect. What are your thoughts about this? Should we expect more instability and price volatility in the future in the crypto world or not? Title: Re: What happens with BTC/Alts once scrpyt ASIC gets into the game in large numbers Post by: Joerii on March 26, 2014, 08:15:00 PM I don't think BTC will be affected by the advent of Scrypt ASICS at all (....why would they ? )
For Alts it's a completely different story. Many coins that are profitable now are going to stop being so for GPU miners, because they pay so much more in power costs. Check out my thread about this issue https://bitcointalk.org/index.php?topic=529111.0 |