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January 08, 2014, 06:15:48 PM |
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OK the short story on Quark.
bare in mind we a lot of miners here.
Quark not a scrybt coin, we love scrybtcoin, works good for our GPU's , we used to use are GPU's for bitcoin, but the asics made our GPU's obsolete for bitcoin, so now we mine scrybtcoins.
Quark is not scrybt, quark multi algorithm CPU coin, although some folks have a GPU miner, but dont' work on all GPU's .
So lot of miners don't like quark.
second Quark was instamined/speedmined/stripmined. now after 6 month they got 250 million coins out and now there only 0.5 % annual inflation. So not much left to mine compared as to what there has been mined already.
Quark economic supply/demand model is pretty sound. From now on only 0.5 % annual inflation. So if they find growing demand, like if they really become an online currency that people really use to buy stuff on the web. Well changes are Quark gonna rise in value.
On the other hand they might have a problem with securing the blockchain with enough hashpower. because right now not sure whether you can pay your electricity for like when you mine quark on a cpu now and sell your quark to BTC to FIAT, not sure about that.
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