Quote from: CryptoWatcher420 on March 12, 2018, 09:20:47 PM

Quote from: Atomicc on March 12, 2018, 08:52:49 PM

Quote from: Metroid on March 12, 2018, 08:00:06 PM

Right now I'm concerned cause I really thought the asic companies would never build a cryptonight asic cause that is too shameful, cryptonight is the last defense right now against all evil in the money world. This is really bad, those companies don't have a single bit of decency or morality whatsoever.

The ASIC producers, cheat their buyers several times.

- D3 Dash miner: todays profit 3.96USD (if You calculate the electric power cost, not profitable at all)
- L3 Litecoin miner: todays profit 8.2USD (hardly profitable)
- S9 SHA256 miner: todays profit 9.98USD (with small drop of BTC will not be profitable)

Some of those units people bought for over 3000USD. Now they have only noisy heaters, and lost their money.

What a business model! Produce the unit, take money from buyers in advance, put it in mining farm for 3 months while it is very profitable, and than deliver it like used ones. Make a huge oversold of units and algo diff. skyrocket, profitability ZERO.
They know what they are doing, and doing it with every new model. Huge hype on the beginning (representing big profitability at moment), presale etc... Only early adopters can profit, all others, when they receive units, have very long period of ROI.
I hope that new buyers will understand this "ponzi scheme" and protect their money.

Regarding this new "cryptonight miner", I think that this will be the first time We have here antihype atmosphere.
Monero team (biggest Cryptonight coin) announce antiASIC fork, followed by other (IPBC etc...). All other cryptonight coins do not have enough daily trade volume, and when we will have more coins than it can be sold price will drop.
Coin owners invest lot in their coins, I believe they will protect projects, and will follow the Monero, IPBC etc...in anti ASIC algo change.
It is much better than see the prices around one satoshi.

umm maybe you should look up the definition of Ponzi scheme. sure its a shitty business model but its far from a Ponzi, your implying that people are dishing out money and not getting anything back in return which isn't the case, those buyers are getting asics, theres always risk involved with those and to disregard that is just stupid just like calling it a Ponzi scheme which it is not. those that get suckered into a true Ponzi DONT GET ANYTHING BACK and they LOSE IT ALL

i think g3 coins should have something like x16r with multiple chained algos, i think that should deter if not resist asic from messing up the networks