Quote from: Terzo on May 25, 2014, 12:48:12 PM

Quote from: prozacsf84 on May 25, 2014, 12:32:40 PM

Ok ppl... IT IS that simple:
1. Its better to mine darkcoin than mining litecoin.
1.1 Miners can use nvidia.
1.2 Lower amortization.
1.2.1 Longer live for the hardware = more stable decisions made by the mining community(the full-of-gpu-basement boys and girls

).
1.2.2 If someone invest money for engineering asic (algorithm and/or chip) mining x11 there is 100%(from my point of view) chance that darkcoin devs will avoid this ASAP. I hope we see x12 one day avoid engineering that cost millions.
1.3 Lower power consumption.
1.3.1 Lower importance of miner nationality - there are very big differences in power cost across the world.
2. If some hardware whale decide to join the mining party - the Moore's Law will hit the difficulty/price higher.
3. If some hardware whale decide to leave the mining party - the price will need to drop but not so much (as long i can see now miners attention is attracted already: hashpower>80gh, yesterday >120gh). One sentence - If the price goes higher the hash will follow - 100%.... its summer now right

?
3.1 If litecoin network hashrate NOW drop to 50gh it will never turn back. The litecoin devs, the dogecoin devs think asic=immortality (i dont think this can be true). There is no development out there. No improvement. The community people dont have asic farms. They have gpu's. But every dev is waiting to meet the immortality - to tie the miner to his coin, his laziness, his laws. Dogecoin adaptation agains multipools working only on low diff blocks was too late. Check the time that last halving took and check the previous halving.
4. ASIC=RISK.
5. GPU=hardware.
6. Imagine nvidia throws 30mil on cryptsy wall or mintpall wall NOW. Like that .. just for fun...

imagine 300m(yes, there is hash(ready and waiting) that can follow even 300m) ? I know they can count well and 2222222/(((Difficulty+2600)/9)^2) is the thing that can make them smile on the annual financial meetings. What about Intel ..

And this is only part of the miner's point of deciding to buy dark.

+ 7000 ! Lets hope Evan wont became asic bitch !

The white paper says:

Quote

the use of X11 will prevent the use of ASIC miners for the short-term to mid-term future.

Evan knows they will come eventually, and they will be good for the coin.