The pessimist in me says:
ASIC miners are holders, GPU miners are sellers / leasers.
Holders don't sell.
Scarcity increases price.
Large scale GPU miners sell. The people who just mine with their main computers and maybe get an extra GPU or 2 don't have high electric cost forcing them to sell their coinage.
Exactly. GPU miners lose so many coins to old wallets and other things. All of my ASICS point directly to my exchange and I sell daily and buy the coin I’m interested in.
My gpu might not make much these days but I have daily sell pressure on ZEC and buy RVN daily.
Personally I feel like the “community feel” dies once a coin goes asic. Also maybe not popular opinion but the horizon devs don’t seem like anything special to me. The only reason they got as big as they did was because Vosk shouted them out way back when. Otherwise they were just another ZEC clone.
I’m buying ASICS because my GPU are shit. That doesn’t mean I think ASICS are good. I think they will make most big coins incredibly centralized to the point where big miners market the coin. Kind of like Bitcoin Cash wanted to do. I guess when you don’t have an organic community left and it’s just a couple of guys with giant farms you don’t get the same sort of exposure that say ETH or ZEN in its early days did.
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