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We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.
That was the death sentence for ETN when they switched back algo's
You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.
Whats the difference between GPU miners and ASIC miners?
Most of GPU miners are hobby miners.
Most of ASIC miners are businesses.
Every hobby miner is collecting his coins and every business is dumping in an instant
So how is it possible that bitcoin price is on the level where it is?I don`t think that the price is caused of ASIC miners, i think the investors losing their faith in electroneum and i really hope that the team can earn it back!
it makes no sense to compare bitcoin with etn, because bitcoin has a huge demand - it is for bitcoin people buy all 2000 altcoins,
and there is no demand for etn - why buy it if it is not used anywhere?
someday it will be used (probably), but when? - unknown
until then, there's a bunch of sellers (asic miners) with 8 million etn every day.
take a look at cryptopia:
Sell Orders 180414173.31771722 ETN
Buy Orders 9.32798596 BTC