Think bigger. Watch this video starting at 16:30:
https://www.youtube.com/watch?v=m7nZVJ2JRFMImagine the implications of Bitmain investing millions on Asic development and production for Ethereum Classic. We already know that Ethereum is shifting to POS, so the long term bet is surely ETC.
I'm starting to think that Callisto's impact is too small to make ETC rise beyond .005 BTC and I don't think it's gonna crash after March 5 because what's there to crash? It didn't even rise that much in the first place.
is bitmain entering ETC mining is a good thing? the continuation of gpu mining is one of the main things ETC has going for it versus ethereum, it'll gobble up all the slack and add resulting volume, however i'm far from convinced that ethereum will go PoS any time in the near future.
Granting that Bitmain was really comitting in building Asics specifically for ETC...? For sure it's a good thing, if all you care about is the price. Miners' and manufacturers' motivations are always profit driven. It's gonna be huge for ETC imo.
But yeah, it's gonna be bad for decentralization and the small miners.
I think that people say about short-term till airdrop. And there is all sadly as I see. A month ago I think that ETC can be $100-120. But today no chance. If we see $50 it will be a miracle. No more