What are you thoughts on 50 million new coin mined each day?
1440 block a day x 35 000 coins a day.
looking at our hashrate. how many of them are holder and how many are sellers?
lets keep the discussion going ya'll
asics... will be gone soon with x11
I for one will be very sad when this ^^^^ happens. I got rid of all my high wattage GPUs and built a LOW WATTAGE ASIC farm and have been mining KARMA none stop. Not selling any of the coins I mine. So when KARMA moves away from SCRYPT, I will be forced to mine something else. I cannot begin to describe how sad this makes me.
I have to say... I feel like I am being punished for putting my faith in a coin, that actually succeeded.
I hear you Kokok.. people are asking for change only to benefit themselves without realizing that they are hurting longtime supporters like yourself.
to this I can only say.. be thankful that you were able to mine so many coins when the difficulty was low and the coin reward was high.
you can still put your asics to good use, Scrypt will never die even if coins like Karma stop using it... and you now have a healthy stash of coins which you can either cash some in for a profit or use to help grow the economy.
you haven't been abandoned by karma even though you soon wont be able to mine it with your asics because the value of the coins you hold will continue to rise in the longer term as long as the community continues to grow so please feel free to become a more active participant in this community.
I spent a bucketload of karma supporting the karmaworldcup when the karma price was around 80 litoshi... its now well over 200... I did not expect that I was going to make any money.. and I certainly did not expect the price of karma to go up to a high of 600 litoshi (otherwise I would not have bet so much).... I just did it because it looked like a good cause to support.
now brazil the team that most people bet on has lost.. so it looks like I might actually get some coins back from my bets.. if I do end up turning a profit from the world cup then I will make sure I re invest more karma back into the community...
I have supported this coin from almost day one and I will continue to do so as long as the community sticks to its core beliefs, those fundamental ideas of supporting the crypto revolution and rewarding people for doing good works..
I wholeheartedly believe that Karma is more about education and promoting good works than it is about making people rich quickly and this is why I am here.
there will always be people who do not agree with every decision that is made.. I certainly have disagreed many many times... but at the end of the day you just have to look at where we are now and where we have come from to see if you like where we are going....
karma has been a very interesting ride for me and I am hoping that it continues to be well into the future.
