Post
Topic
Board Mining (Altcoins)
Re: Baikal Giant N - BUYING POOL
by
Goool
on 13/03/2018, 09:53:06 UTC
This is basically worthless hardware since monero will be hardforking away from cryptonote. Lol @ these guys desperately trying to push that crap on to others since they probably ordered before the announcement and now have a major case of buyers remorse.
I wouldn't say it's worthless. There are tens of CryptoNight coins out there. Sure, maybe 1/3 will switch to CryptoNightV7 or some other CryptoNote-compatible hashing algorithm, but the rest won't. This might just make bytecoin climb higher on CoinMarketCap than monero as we have already witnessed last year and become the king of CryptoNote once again.

Monero makes up around 90% of total cryptonote based coins market cap. Without it, there won't be nearly enough mining budget left between them for this asic to ever earn itself back.

Also, having asics for your coin does nothing for the coin value, its completely irrelevant how many hashes per second is in your network. Its distribution and share of total potential mining power that matters and ASICs only make it worse. Worthless.

What about BTC network ? why they don't fork it also to be again GPU friendly ? It's exactly the same logic ,,, so answer
Worthless ? So BTC mining is worthless this is what you want to say ?