What do you think about the impact of such ASICs on the SIA price ?
UP ? Down ?
The difficulty will rise a lot, that's certain, but the price ?
asic coin are always bad when an asic hit a coin, that coin value can't increase anymore or just will be pumped but then dumped again look at litecoin, after the new l3 the price remained there, after the first pump because of segwit
Th
How to explain bitcoin then and its value going up despite chiense asic farmers??
https://twitter.com/jgarzik/status/296709252351926273 ~around this date, 30 Jan 2013, people were getting their first asic miners, and the price in a month went from $18 to $34... and continued to rise until the crash.
Or even with Litecoin, there may have been some "pump and dump" at the time... there may STILL be people mining and dumping today, but the point is that OVER TIME, the people who just mined and stacked Litecoin made out, and those who traded their Litecoin sacrificed long term appreciation for short term gains.
The Litecoin network was able to withstand whatever short term trades happened at the time. I'm not saying SiaCoin will necessarily follow this same pattern, but regardless I don't think that a few (or a lot) of sia asic operators trading out of Sia will destroy the SiaCoin, especially over the long term...