. VTC might blow the sky once the 25-30mhz asics come out..
I've been thinking a lot about the future when asics come. GPU's will have to move to scrypt n, thousands of miners on VTC and at the end of the day most of them trying to sell them to get some money to pay for the power and gpu cost, cause they come from a market where they were losing money cause asics. So imagine the price of VTC with thousands and thousands of new sellers. To keep the price we need thousands of new buyers.
Ive been thinking about as a lot as well. Can we have a discussion on this?
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thoughts?
I don't believe that all of GPU hashing power that is in use at the moment will shift only to VTC, which is good for us. Some people (small players probably) will completely give up while ppl with a lot of GPU rigs will find a safe haven in the new generation of coins.
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So, in my opinion when GPU mining for scrypt will be killed by ASICS, VTC raise its difficulty to balanced level, specific diff value is not very important. We do not know the new network speed, so we cannot calculate target diff and as the result - target price, but price will grow in medium term after diff grows.
Of course, diff is only one component of a price, but others are much better than most coins has.
For me, current VTC price is a result of deliberate actions designed to buy as many VTC as possible by very limited group of traders.