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New Monero ASICs are hitting the news last few days, and since it's the Cryptonight algorithm they are mining how this will affect the ETN?
Both Bitmain and Baikal announced that Monero ASICs are coming to the market - Bitmain Antminer X3 and Baikal Giant N
This is rather big thing, so hope that Electroneum will be protected in a way otherwise it will crash the market, which is already unstable.
Both Bitmain and Baikal announced that Monero ASICs are coming to the market - Bitmain Antminer X3 and Baikal Giant N
This is rather big thing, so hope that Electroneum will be protected in a way otherwise it will crash the market, which is already unstable.
Being the same algo the ASICs will also be able to mine Electroneum and difficulty will be too high for people using GPUs but I'm not sure how much of a negative impact this will have on the price.
Well, if I remember correctly, when the SIA ASIC came up, the price dropped a bit, but since then it has been keeping it's value over time! I can't remember exactly with how many % it dropped tho, but still SIA was never really expensive
Same as ETN.It's already to high... today for my microrig 3GPUs profability of mining etn is 2 time less than ethereum and it covers electricity costs with micro profit so today gpu mining of etn is pointless.....
