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6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
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Topic: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap! (Read 2241 times)
420
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Re: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
January 14, 2013, 09:49:56 PM
#21
I guess only time will tell. but good point. maybe after two difficulty jumps and other alts having more gpu power (more stability) some asic might want to jump in
Donations:
1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks,
secure your bits!
1715437569
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meebs
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Re: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
January 14, 2013, 10:45:01 PM
#22
Quote from: BugSpirit on January 14, 2013, 02:02:53 PM
Quote from: rudrigorc2 on January 14, 2013, 12:34:43 PM
Quote from: BugSpirit on January 14, 2013, 12:31:00 PM
Considering low hashrate of TRC and bitcoin-like Proof-of-Work algorytm, even one sigle asic holder will be able to 51% it. So I quit from them completely.
Don't know about PPC - there are PoS blocks. Don't know how can they affect the situation.
Litecoin is the one resistent. Yes, hashrate will rise dramatically, but I'm not a miner and I don't care.
who the hell is going to mine TRC or other crypto minority if they get ASIC next week?
Not mine. Attack, fork the chain and get all the market capitalization, which is hundreds of bitcoins in case of PPC. And all that in less than a day.
the downside is that NOBODY will buy the coin anymore once its compromised. IT would more be a FU to the current stakeholders verses a profit motive for the attacker
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g2x3k
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PooL-X.eu
Re: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
January 15, 2013, 01:12:00 AM
#23
Quote from: meebs on January 14, 2013, 10:45:01 PM
Quote from: BugSpirit on January 14, 2013, 02:02:53 PM
Quote from: rudrigorc2 on January 14, 2013, 12:34:43 PM
Quote from: BugSpirit on January 14, 2013, 12:31:00 PM
Considering low hashrate of TRC and bitcoin-like Proof-of-Work algorytm, even one sigle asic holder will be able to 51% it. So I quit from them completely.
Don't know about PPC - there are PoS blocks. Don't know how can they affect the situation.
Litecoin is the one resistent. Yes, hashrate will rise dramatically, but I'm not a miner and I don't care.
who the hell is going to mine TRC or other crypto minority if they get ASIC next week?
Not mine. Attack, fork the chain and get all the market capitalization, which is hundreds of bitcoins in case of PPC. And all that in less than a day.
the downside is that NOBODY will buy the coin anymore once its compromised. IT would more be a FU to the current stakeholders verses a profit motive for the attacker
the market (all users) wouldnt notice as fast as can cash in and withdraw ... so it would be worth while even the new asic gives 25 btc a day if can make 100-1000 in few hrs
http://PooL-X.eu/
join the crew, bring your slaves
http://wallet.it.cx/
Instant LTC Wallet service
johnwhitestar
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Activity: 697
Merit: 262
Slimcoin - the Proof of Donation inventors!
Re: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
January 15, 2013, 02:02:22 AM
#24
Let me still doubt they will deliver anything....
Slimcoin's
decentralized Proof of Donation token
in public beta testing
now!
Why Slimcoin?
ASIC-resistant CPU/GPU PoW,
PoS,
Proof-of-Burn
(
virtual mining
)
420
Hero Member
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Activity: 756
Merit: 500
Re: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
January 15, 2013, 02:05:24 AM
#25
at current difficulty and price thats $2,000 in two weeks for one BFL single
unsustainable...price should drop when asic's start mining
Quote from: ElectricMucus on January 15, 2013, 02:06:23 AM
ASICs won't have any significant impact on alt-coin prices.
guy below me means in short term
Donations:
1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks,
secure your bits!
ElectricMucus
Legendary
Offline
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Merit: 1057
Marketing manager - GO MP
Re: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!
January 15, 2013, 02:06:23 AM
#26
ASICs won't have any significant impact on alt-coin prices.
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