Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VOT]: VoteCoin - a new era of anonymous crypto democracy
by
cluburlauber
on 01/09/2018, 12:20:23 UTC
Who is selling this lot of coins ? Is it an asic machine z9 ? With 50 Satoshi its only profitable with asic.No GPU can mine it profitable with this price.

It's only several hundred dollars daily volume. Indeed VOT mining profitable days can be counted one's fingers. And it's due to very thin market with no liquidity. VOT price on Trade Satoshi is very manipulative. You can move market by 50% only with 0.1-0.2 BTC. As soon as VOT reach an exchange with enough volumes we will see the profitability equal other Equihash coins. Also should to note Equihash becomes ASIC-algo and nothing can be done about it.
I dont know if a bigger exchange helps for the price. If i have a z9 asic and its profitable to sell at 50 satoschi i would do the same. So the Problem is the asic is profitable and the GPU not.