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Author Topic: 6 Days till Avalon ASICS - Last Chance to buy your Alt Coin Cheap!  (Read 2113 times)
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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

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January 14, 2013, 10:45:01 PM
 #22

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.  Smiley

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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January 15, 2013, 01:12:00 AM
 #23

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.  Smiley

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

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January 15, 2013, 02:02:22 AM
 #24

Let me still doubt they will deliver anything....
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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



ASICs won't have any significant impact on alt-coin prices.

guy below me means in short term

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January 15, 2013, 02:06:23 AM
 #26

ASICs won't have any significant impact on alt-coin prices.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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