Quote from: kepas on May 30, 2018, 01:58:48 PM

Quote from: boxalex on May 30, 2018, 01:47:26 PM

Quote from: coinfused.so on May 30, 2018, 01:28:23 PM

whats the point of the high hash rates if all the coins go into a small amount of asic miners pockets?! whats stopping them from dumping at low prices, if they gained the coins so easily?!
ASIC miners are after profits only to cover their hardware costs asap. This is literally RAPING any coin that ASICS are capable of mining. That is not fair toward GPU miners, and the whole chain is at risk of being duped on.

All people crying about algo change are mainly people that have ASICS now. fuckem.

This doesn't make sense to me.
the block time is fixed, just learned it, lol. So with a fixed block time the block reward is as well fixed. So each day a fixed amount of ETN goes to miners, no matter if Asic or whatever, right?
So the logical assumption is that no matter who gets them the same amount gets dropped on exchanges anyway.
Actually from my readings and knowledge Asics seem to be use less electricity compared to GPU mining. The coast of an Asic is from my knowledge as well well below of GPU mining rig so
the conclusion that an Asic miner is trying to cover his costs asap doesn't sound valid to me.

This here sounds all about mining profit, seriously. This is not decentralization from my readings here, it's protectionsim of a given group towards another.
All these hypothetical conspiracy theories that are far from being real life cases seem just to serve a given employee group to gain profit, or profit back, or whatever.
That's the impression i have reading through here while waiting for a working wallet.

How the hell it comes nobody asks the big stake holders? I mean there are people holding millions and billions of ETN, i myself hold a large portion of ETN, mostly bigger than 95% of the so
interested community members here. This doesn't look right to me, seriously.

And where is Electroneums garantee that all these gpu's don't switch away if mining is no more that profitable or other coins are way more profitable? I bet the majority will leave the ETN
network in lightspeed forgetting about all his decentralization small talk, lol. What a joke.

I made a mistake coming here into this thread. Sometimes it's better soemone doesn't know some details about a given thing, that's exactly such case.

Good luck, whoever is mining it.

it looks like you are an asic miner - so therefore, your reasoning is clear
you only can stop cry and go to other algos with your asic Grin

ETN ASIC fork exists here: https://electroneum.miningpoolhub.com/

and it has 800 MH/s Grin

So there are two ETNs already for GPU and for ASICs...