I'm a bit late coming in to this discussion - as I haven't really devoted any meaningful time to the cryptocurrency industry, as I was introduced to bitcoin when the blockchain was 20GB, and I laughed and came back to laugh more last year.
As general insight when thinking of mining, (this was easy early on with cryptocurrency, and much more convoluted later, but in being so complex offers a simple approach) a checklist I run through in my head is:
Screening
- What is the algorithm?
- Is it the primary token for the algorithm?
I never bothered if the coins were not primary...
Then I thought about:
Short List
- Is the technology scalable?
- What real world application could benefit from this technology?
- Is documentation readily available?
- Is the development active?
SHA256
BTC
POC
SPECULATIVE
Bitcoin.org
github.com/bitcoin
Scrypt :: LTC
ETHASH :: ETH
X11 :: DASH
Equihash :: ZEC
Blake14R :: DCR
Just from these, everything else is a regurgitation of a regurgitation of just a whole lot of junk.
I'm hyper critical. ETH is just the internet, and only a portion of the internet, wrapped with a communal bottomless bucket of shit.
Now, when you view the cryptocurrency industry with this much cynicism, everything becomes clear.
What is this POS ([Piece of $hit] not Proof of Stake) EXCHANGE/ICO/DEFI/MINING platform clone really offering?
The answer for CKB is simple: the market is losing interest in Bitcoin mining, as it did with its clone
Shitecoin Litecoin.
This is Bitmains attempt to generate revenue for a new branch of dreamstate future.
The next question is: how much will the token price tank after the K5 has its initial launch month mining ahead of general public?
note: as I'm writing this, I just received an email to notify of batch 2 bitdeer K5 restock, and ... it just sold out again
and yes. Current ROI is ludicrous
