Hello, everyone. Over the past two years, I have purchased 120 XCH, and my average buying price remains at $184. The developers have decided against conducting an ICO in both 2022 and 2023, opting instead for the transition from energy-efficient coin farming to regular GPU mining (plots that required for proof are now created on GPUs). My question is whether it is worth waiting for this year or the Bram Cohen's coin have no chances against altcoins like ETH and Sol ant it's time to record a losses?
You might have been too close to follow them to see how majority thinks about them. So, as on outsider, let me summarize that:
I didn't have a clue that they moved to regular GPU mining and i recon most people don't. Their whole gimmick was to mine with harddrives, which would be enviromental way. That resulted to news of people messing up their hard drives while meaning it. That's far from "enviromental" or cheap, so majority rejected the idea. GPU mining isn't enviromental either, but i don't know, maybe they are wishing for community of miners that used to mine eth, i don't know. But yeah, i am not that interested or haven't heard enough even to use my time to research them again. So i would definitely count that as a loss and move on. It's not even as of a big loss that you could have made during this.