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Title: My theory about business on ASICs for shitcoins Post by: FP91G on September 10, 2024, 03:52:01 PM I came up with this theory while studying ASICs for mining Alephium, Radiant, Kaspa
1. At the first stage, before the release of a new ASIC, the price of the coin is pumped so that ASICs can be sold at a high price. The payback period of an ASIC at the time of sale is 90 days. 2. Since ASICs are sold much more expensive than their cost, the ASIC manufacturer has money left to prevent the coin price from falling too much. But eventually, with the increase in the payback of ASICs, the manufacturer is forced to reduce the price, but selling ASICs at this stage is profitable. 3. At stage 3, I thought that everything would end, but I was wrong. Using the example of the Kaspa coin, Kasplex KRC-20 is launched. This is an analogue of the classic Ethereum, where various profitable defi products may appear, the purpose of which is to reduce the sale of the coin on exchanges. ASIC manufacturers will earn again https://x.com/kasplex/status/1833114527040168295 4.At stage 4, I think there will be an outflow of liquidity, sale of coins on exchanges and disappointment of newbie miners who recently bought these ASICs. Do you like my theory? Title: Re: My theory about business on ASICs for shitcoins Post by: Grim on September 10, 2024, 06:37:38 PM You have some basic understanding of an ASIC manufacturers "game".
Think more deeply/sinister and you might get closer to the real game. ;) Title: Re: My theory about business on ASICs for shitcoins Post by: 1971ECPT on September 10, 2024, 11:15:16 PM 100% I agree with your theory!
Title: Re: My theory about business on ASICs for shitcoins Post by: ccplz on September 11, 2024, 05:13:53 AM Every time I bother with an ASIC , I get burned. The manufacturers are utter scumbags. Honestly just stay away unless you have free electricity or something and are 100% sure you will ROI. The ASIC mining game is rigged so hard for the manufacturer to profit over you.
Title: Re: My theory about business on ASICs for shitcoins Post by: doubletheprof on September 13, 2024, 07:13:02 AM Sounds like a conspiracy theory lmao!
Title: Re: My theory about business on ASICs for shitcoins Post by: FloppyPurpleGherkin on September 13, 2024, 07:57:55 PM Good theory, likely correct.
Title: Re: My theory about business on ASICs for shitcoins Post by: safar1980 on September 16, 2024, 02:19:12 PM https://www.talkimg.com/images/2024/09/16/B0ne1.jpeg (https://www.talkimg.com/image/B0ne1)
Kaspa miners' profit has increased due to the launch of KRC-20 tokens. Even the old ASIC KS0 now gives several dollars of profit per day. We will see how long this situation with increased profit will last. Title: Re: My theory about business on ASICs for shitcoins Post by: ccplz on September 18, 2024, 06:27:35 PM https://www.talkimg.com/images/2024/09/16/B0ne1.jpeg (https://www.talkimg.com/image/B0ne1) it's already overKaspa miners' profit has increased due to the launch of KRC-20 tokens. Even the old ASIC KS0 now gives several dollars of profit per day. We will see how long this situation with increased profit will last. Title: Re: My theory about business on ASICs for shitcoins Post by: arielbit on October 07, 2024, 11:25:34 PM basically a pump and dump scheme with shit/scam tokens that are also pump and dump schemes (if you are lucky, if not so lucky->dump only LOLOLOL) ;D
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