Quote from: TastyChillySauce00 on May 27, 2024, 08:50:30 AM

Quote from: tuaris on May 27, 2024, 12:19:19 AM

It doesn't take many brain cells to see what's happening. I doubt any serious crypto mining operator (what they call the "big boys") is investing in Kaspa ASICs. The insane prices of almost $32k for a machine that costs a few hundred dollars to make just doesn't add up.

This is targeted towards the individual who's got a few ASIC's at home or hosting, also happens to be sitting on some BTC/$$$, and is very easily manipulated by FOMO. These 'suckers' shell out $32k or more for one or more of these ASIC's, being fooled into believing that 'big boys' are mining Kaspa. Thinking that Kaspa is somehow this future solution to transactions, crypto, etc.

Bitmain (which I am almost sure) or whoever 'owns' them is somehow related to this, and they are making a killing.

FOMO is the only thing that helped bitmain to sell their garbage asic. How can bitmain sell their asic if there was no FOMO to help em get demand for their asic?

https://kasmedia.com/article/three-woes

Quote from: arhipova on May 27, 2024, 06:21:00 AM

What is worse that they will continue with this and may be open more similar projects in future. It is so easy money and there are so less regulations currently in crypto that it has opened doors fior many types of frauds.

Once kaspa will reach its total supply and the dev has no more income and im sure that will be making another coin. This is the bad trend that is still continuously happening in the crypto industry. When your project failed or you have no room anymore to make profit from there as a project owner, then make a new one.
You will get it soon. ETF approval is pushing all of regulators are aware about crypto regulatory framework must be done as soon as possible. Even though many people may argue if we are decentralized and we don't need regulation but regulators totally aware about whole of problems in the crypto especially related to the frauds and hack.

Quote from: TastyChillySauce00 on May 27, 2024, 08:50:30 AM

Quote from: tuaris on May 27, 2024, 12:19:19 AM

It doesn't take many brain cells to see what's happening. I doubt any serious crypto mining operator (what they call the "big boys") is investing in Kaspa ASICs. The insane prices of almost $32k for a machine that costs a few hundred dollars to make just doesn't add up.

This is targeted towards the individual who's got a few ASIC's at home or hosting, also happens to be sitting on some BTC/$$$, and is very easily manipulated by FOMO. These 'suckers' shell out $32k or more for one or more of these ASIC's, being fooled into believing that 'big boys' are mining Kaspa. Thinking that Kaspa is somehow this future solution to transactions, crypto, etc.

Bitmain (which I am almost sure) or whoever 'owns' them is somehow related to this, and they are making a killing.

FOMO is the only thing that helped bitmain to sell their garbage asic. How can bitmain sell their asic if there was no FOMO to help em get demand for their asic?

Quote from: arhipova on May 27, 2024, 06:21:00 AM

What is worse that they will continue with this and may be open more similar projects in future. It is so easy money and there are so less regulations currently in crypto that it has opened doors fior many types of frauds.

Once kaspa will reach its total supply and the dev has no more income and im sure that will be making another coin. This is the bad trend that is still continuously happening in the crypto industry. When your project failed or you have no room anymore to make profit from there as a project owner, then make a new one.
You will get it soon. ETF approval is pushing all of regulators are aware about crypto regulatory framework must be done as soon as possible. Even though many people may argue if we are decentralized and we don't need regulation but regulators totally aware about whole of problems in the crypto especially related to the frauds and hack.