Post
Topic
Board Announcements (Altcoins)
Re: [LAUNCHED][POW]⚡ELECTRONEUM⚡Official Moderated Thread
by
Melfyce
on 04/07/2018, 01:23:28 UTC
I honestly believe that returning back to an asic-friendly algorithm is a seriously bad move. Sure in the short term it might help ensuring network stability but in the long run it will make Electroneum centralized i.e. that most of the coins are going to be in the hands of relatively few people. I really hope that Richard Ells and his team reconsider their decision because this fork is a major letdown to the community in my opinion. I mean, for real how many people do even own an ASIC. The vast majority of people don't. And to further strengthen my scepticism they say something like this:

Quote: "There is a further development. The first generation of hardware called an FPGA miner is arriving during 2018 and they make ANTI-ASIC capabilities a thing of the past, as they circumvent the slow delivery time of new ASICs by being re-programmable. If we are ready to embrace these rather than fight them, our network hashing power is increased further and our network stability and security is further enhanced.
Because ASICS run cooler, quieter and use a fraction of GPU rig power, they are suitable for MORE people to run in their homes. If you are interested, a search of “Cryptonight ASIC miner” in Google or Ebay will find the equipment needed to mine Electroneum. You will need to be reasonably technical to achieve this!"

This sounds like a friggin advertisment for ASICs, wtf O.o
It makes me wonder if there is more in it than meets the eye. Either the Electroneum team has a secret arrangement with ASIC suppliers and get a share or they run ASICs themselves in their offices, which honestly would explain a lot.

TLDR: Bad move Richard Ells! I'm disappointed!