If they change to ASIC and bitmain can use their recently launched cryptonight ASIC to secure the network, i guess its not a bad idea at all.
PS: I dont hold any SUMO.
The point is ASICs are not intended to secure netowrks, and furthermore tend to centralize.
Not to mention the impairment to small miners.
PS. I mine SUMO, now, not sure I should hold them
Im glad u mining it, but ASICs cryptocurrency miners are high-efficiency, so i can consider them 1000x better to secure a network. Also sorry to dissapoint you, but decentralization is a hoax, no ones give a single f888 for this, as long as the network are working 100% perfectly.
You have no idea what you're talking about if you think having a high network hash means a coin is secure. ASIC coins are much more prone to 51% attacking than GPU coins are. ASICs literally split Bitcoin into 2 coins because the ASIC concentration was so strong by a few entities (This is what centralization gives you).
You can rent 100Mh/s of CN power for 24hours for only 1 BTC.
Look at the fucking marketplace ffs. There are people ordering multiple 100Mh/s+ orders already. There is some guy trying to buy a 300Mh/s order. Fuck this shit sumokoin will be another dead coin just like Bipcoin lol
Yes ASICs are inevitable, but it's far too soon with Bitmain having most of the control.