Quote from: adamantasaurus on January 18, 2018, 04:01:28 PM

Quote from: martinyin on January 18, 2018, 03:49:50 PM

Quote from: adamantasaurus on January 18, 2018, 03:37:35 PM

I mean I just bought some siacoin yesterday just because bitmain is making that new miner and I definitely think the price will go up. Look at dash look at ltc any coin that is mined with an asic has gone a lot higher. Especially a bitmain asic....

What's the magic of bitmain asics? Huh

No magic just the most popular and widely used mining machines so with that said once they release a miner MOST people buy them (the home miners as well as the big companies) so with all that new hashing power directed at whatever coin/algo they release a miner for it usually means that coin becomes that much popular raise in awareness = raise in price at least that's my thinking what do you guys think?

As soon as the big mining companies build their mining farms they will take control of the mining hash power capacity which means individuals wanting to mine will no longer be able to compete. I posted this was going to happen on the forums as soon as the team announced they were going to launch ASIC's for siacoin. There are both advantages and disadvantages, with a big max supply of siacoin it's going to be a race to mine them all that's for sure while selling them off to pay for costs and upgrades, how this will affect host providers profits we don't know yet but this could spell disaster for the project itself without them its all over...