So how long until X11 is nigh worthless as an algorithm and something else moves in?
probably the same tiem frame as it was for scrypt, so at least 1 two year, until all the big money move on something else, new algo and new coin
right now they have dash to mine and some other crap here and there, but it will not last, because those asic are fucking profitable, which mean that buyers will eventually buy those instead of buying the coins
this will reduce demand drastically, like with litecoin...
Sorry, as a mining algorithm. Like scrypt was invented as something for GPU miners to mine who couldn't afford to mine BTC because of ASICs, wasn't X11 developed for GPU miners to mine who couldn't afford to mine scrypt? Not saying LTC is worthless, but it's been kinda heading that way for a long time now.
For the record, I am very cynical about altcoins in general.
that's not the point, those asic can reach roi in one mont, and then earn you something like 4 btc per month, you must admit this is one hell of a profit for only 750w
it's all about profit, it does not matter if it come from alt from btc or anything, i would buy one of those immediately if they were available...