Re: KNC on fire !

I'm trying to get a refund now. These are barely on the edge of ROI for me. It isn't worth burning the apartment building down for a few extra bucks. Will let you all know if I have any luck.

At the rate of difficulty increase, by December of 2014, a 70TH machine (if one will exist) would only have a shelf life of one month.

ASIC is really destroying mining. If code could be implemented to exclude ASIC it may need to be done in 2015 or sooner.

If the asics where excluded the network would be left unprotected for a 51% attack. It needs the asics to get big, what's killing mining are irrational buyers...

I would think faster machines make it more vulnerable to a 51% attack, not slower machines. People would spread their GPU's and FPGA's out again if ASIC was excluded.

It is more likely to get the network overpowered by someone with access to a few supercomputers than a lot of asics, because if the latter, he would be stuck with a pile of junk and the first one doesn't plus he gets whatever he made while ruining btcs...

If the time comes that the algorithm needs to be changed it will be due to security reasons and not because of unprofitable mining.