GPU miners are generally un-professional.
Explain this please. Does it mean you are a "Professional" since you bought into asics?
After reading my post all you take from it is that I claim GPU miners are unprofessional?
I never said I was professional. But, anyone that is willing to put their money into expensive hardware that does nothing but mine scrypt coins will be making that decision with a more professional mindset than the average fickle GPU miner.
Some GPU miners are just as dedicated and 'professional' as the best of us, but most dump a coin as soon as it's not popular and/or profitable before moving onto the next fad.
Miners buy asic hardware that is 'locked' to a select few coins.
Take LTC for example. The price is dropping fast, but the hashrate and difficulty is rocketing up as more asics hit the network. These miners choose LTC and will probably have their hardware working on LTC until it can no longer compete with new miners or cover it's electricity bill.
The point I am trying to make is that GPU mining is great to get a fledgling currency off the ground easily (and test new concepts), but once it is up and running (like Noble is now) it's past the 'startup' stage.
Stage 2 requires a more professional and efficient approach.
Many people have said we need to change algo to avoid asics, but have not offered any insight as to how they would contribute to the future of Noble.
because it's being dumped when mined. that's obviously going to be tied to all the new multipools popping up for pos coins. they generate investment by mining other coins and buy pos on the open market.. creating constant buy pressure. most of them mine litecoin.. and they are dumping faster than the investment can grow. only thing can pull them away is a more profitable coin. it is the reason all the alts have slumped. because 1 asic 100mh was cashing in on over $4000 worth of btc per altcoin per day. there is no doubt asics are responsible for this. and unfortunately contribute to uneven distribution due to unfair competition.
i know not all asic miners are bad and actually see their mining as an investment in that coin.. but if asics can be used to attack a coin then i think that is actually a security flaw.