Post
Topic
Board Announcements (Altcoins)
Re: ELYA
by
Atomicc
on 30/03/2018, 18:25:38 UTC
Yes. ASIC is death for the decentralization of CryptoNote. The idea of CryptoNote was to create a protocol that does not allow ASICs (decentralization). NiceHash is practically a botnet for the network. And yes, the miners using now ASICs and botnets with NiceHash are equal to cheaters, because they use a vulnerability in the protocol that allows them to replace the time stamps. In other words, the difficulty of the network does not increase for them and they just roll up coins, while all other CPU/GPU miners get crumbs.

It is just prove of my previous post: all who are now crying that they can not sell cheaper than 10 it's possible those same cheaters.


I can agree that ASIC producers are cancer for coins. Only Bitmain earn last year around 4 billion (and probably much more, because it is impossible to control how much they mine prior of selling their "new" units)!!! 
But for the first time We can see that community action result with antiASIC fork of Cryptonight. All major coins will switch (Monero, Sumo, GRAFT, IPBC...) so those Cryptonight ASICs will be only luxuries doorstops.

Conclusion what You make in last quoted sentence are not sustainable.
I would really like to sell my ELYAs for 10 or more satoshies, but it is impossible now. Could I sell it ever for 10 satoshies? Is there any guarantee that it would be possible? There is a lot of cryptonight coins like TurtleCoin or BBScoin, what is impossible to sell, now. No one want to buy it. You can HODL it forever, like a souvenir. That is the reason why I am ready to sell it for lower price, accept the lower profit (just a little above the spent electricity). I am not ready to speculate with coin price.
Unfortunately with this strange price FIX it is impossible.