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Title: What do upcoming Asics mean for Alt currency Post by: Jamesco on February 19, 2014, 07:57:07 AM Hey guys,
I know its a bit of speculation but in the coming months there is going to be a lot more scrypt asics. What does this mean for the price of the average coin? Does it mean the market will be flooded with cheaper coins? Assuming things stay static and BTC doesnt rise heavily, does this mean we could see a drop in the value of most coins? I understand current scrypt asics dont have that big of an impact but assuming they become cheaper and more available will this affect the price much? Title: Re: What do upcoming Asics mean for Alt currency Post by: Fraxinus on February 19, 2014, 08:19:36 AM Not really as the difficulty will rise alot to cancel the extra hashpower, also i presume we will be seeing a price rise in coins that are resistant to scrypt asics (QQcoin,Velocitycoin, Vertcoin) and increasing popularity of those coins.
That is what i think ;) Title: Re: What do upcoming Asics mean for Alt currency Post by: davidpbrown on February 19, 2014, 10:44:19 AM People like choice and alternatives to choose from. I hope to see coins like LTC stand alongside BTC and others, as different flavours of the same and avaliable via ATM and PoS. There's little reason that those real world interfaces wouldn't provide for other coins than BTC; so, it's quite possible alts will see a rise when more users come to BTC and look beyond into alts. The scrypt asics might cause a short flux but embedding a strong mining base for all those coins will only help the long term prospects.
Hopefully then people will also become more savvy about the real differences some other alts might offer and value those relative to their prospects for real world use later on. More exciting right now are the protocol Bitcoin2.0 coins. The normal coins I expect will split in two - those that have been round while and have a strong dev and community, and those that don't and are setup only for a quick pump and dump. |