The mass production of L1 being canceled doesn't mean that the chip wassn't developed. Bitmain could bring out units of this miner at any time and that'd be likely to destroy Garlicoin as a similar incident with KNC Titan destroyed all remaining scrypt-n coins back in the day.
when the Titan Scrypt miners had a firmware mod to mine Scrypt-N they made good profit for a week but destroyed all scrypt N coins in that week
In fact, there's no reason to wait for Bitmain as a single person gathering enough KNC-Titans could destroy it as we speak.
I love how everyone is being in denial while the evidence is laid out right before their eyes. Lets get some facts straight.
- Garlicoin's algorithm is not ASIC resistant.
- The developer lied about ASIC resistance.
- There have been ASICs released for Scrypt-N (KNC Titan).
- It's entirely possible that ASICs are on Garlicoin's network as we speak.
- With rare but powerful ASICs that were release being able to mine the coin while users only have access to GPU, the coin is susceptible to 51% attacks.
As of the Devs
- They are either ignorant or not knowledgable to understand the above
- They spread misinformation and decline to address the issue (so far)
Any coin under a constant threat of 51% is worthless as its chain's immutability is compromised so the only solution to move on would be to fork to an algorithm that is not ASIC-broken. I'll keep warning users of this scam as long as the devs keep lying.