Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PIG] Piggycoin - update your Piggybanks to 1.3!
by
greentea
on 30/04/2014, 01:04:25 UTC
Don't worry about Asics.  People are not going to be mining your little piggy coins with those monsters.  There are 100 more profitable and stable coins to mine.  Besides that, there are no buyers on the exchanges for them to dump massive piggy, so don't worry, keep it PoW, but if you are worried, just switch it to Scrypt-N, that will keep asics out, but not go to a totally new or unproven alogrythm.  But of course that requires a hard fork.

P.S. What is piggy week?  Some clues please.

It's already been targeted by a profit-switching multipool (ipominer) so saying there are '100 more profitable coins to mine' is false.  As the price rises, other multipools will jump onboard & mine piggy...  

I initially thought POS would be a good fit, but am starting to think sticking with POW maybe the best option.  

It just seems POS is all the hype these days with the new coins, and dont want to make the knee-jerk reaction to just follow them.  Litecoin is still #2 with scrypt and doesnt look like they will change and will just embrace ASICs ...

Possibly Piggycoin should wait until scrypt ASIC's are fully here (late 2014) to see the real impact.  If all the multipools are mining and just dumping it then we could make the switch to another POW or POS algo?