Re: [ANN] INTENSE COIN - Blockchain backed decentralized VPN - Hybrid PoW
Yeah, okay, I admit I might have gotten a little over-excited there. How much damage is done to any one CN coin will depend on just how many of the Baikal Giant N get pointed at it and there isn't likely to be all that many released in the first batch. But I don't think I need to tell you that a coin with a network hashrate of 5-6 MH/s is not going to fare nearly as well as XMR which is hovering around 1 GH/s.
You also have to give credence to the extremely strong probability that these ASICs have already been mining for quite some time before release. Unlikely that Baikal haven't been squeezing all that they could out of them before releasing them to the public. Therefore in the short term it's not clear how much, if any, hash power will be added to the totality of CN coins once they ship.Hah, I just voiced a similar suspicion in the DERO thread, which you have been known to frequent as well...
There almost certainly was some premining going on based on the step change in difficulty of several CN coins starting about 2 months ago, but I did not see the same increase in difficulty occur with ITNS (or a couple other even smaller CN coins I have mined such as IRD, TRTL & EDL). That's likely because Baikal didn't even try to do any premining of the small CN coins because they knew it would be self-defeating; the same restraint/judgment will not be shown by the buyers of these miners, however.