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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.
So a guy with 30k invested in GPU mining rigs vs 1 guy with a couple of ASIC miners make him a business?
? Don't know how you arrived at that conclusion lol
And another poster is right, people pay 2000 for an ASIC miner.. there only goal is to mine as much as they can and dump to get their return on their ASIC investment before others have the same ASIC driving back down their slice of the pie. I think that's what we have been seeing since the switch back to the old algo.
The market it flooded!!! with ETN now, and very low buy power from BTC now.
Make of it what you will.
Also, Ill say it again, when the hash mining power is spread across thousands of GPU miners it generates a much more level playing field. GPU miners tend to hold their coins longer hoping for a better price AND they love to be active in threads like this one sharing experiences and generally create enthusiasm in the thread... ok, just my opinion.
