Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏
by
jpdorn
on 02/06/2018, 04:22:55 UTC
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"
"literally split Bitcoin into 2 coins"

REEEEEEEEEEEEEEEEEEEEEEE

Quote
ASIC coins are much more prone to 51% attacking than GPU coins are.
In theory yes, but what we've seen shows that crypto is about profitability and not theory e.g., bitcoin gold -equihash coin- attack. Bitcoin Gold hashrate chart shows no anomaly, so why they attacked it?
Still not conviced ASICs are devil-ish