Post
Topic
Board Speculation (Altcoins)
Re: Is the release of a new ASIC for mining Eth a good thing for its price?
by
aceptamosbitcoin
on 30/03/2018, 12:16:19 UTC
No because those ASIC miners will be useless by December, 2018. Ethereum will be switching to their new PoS system called Casper, remember?

It will also be a losing investment by Bitmain and the rest of the ETH ASIC producers, if you ask me.

You are partially right.

Yes, we are losing nvestment by Bitmain and the rest. What I read is that 3 smaller players soon will be ready with their own ETH ASICs.
But after Dec, you will be able to mine many other coins after the POS ETH switch. If ETH switch to POS...

I think the price will goes up because the ETH ASICs will introduce many new players into the mining scene.