Oh .. you mean that GPU miner that was out for no more than two weeks before there was a different one available to every single person here? Hell, there's even GPU botnets available to mine right now!
Come on, ya gotta try harder than that
I don't think anyone's going to slap their grandmas over having .. what .. let's even 40% of the hashrate for that time gives about 221,760 coins. What's that like 1.2% of the currency? FFS if anything they gave me time to buy in cheap because they consistently dump that straight to market Not like those coins that come straight w/ a premine right out of the first block .. I mean have you seen the volume over the last few weeks? Does it look like these unicorn botnets are hoarding?
Botnets are a non-issue dude, they're a finite resource that most people need to pay for. Anyone owning high end GPU cards should have an antivirus .. end of story (in fact most monero virsues are picked up quite fast these days because of the unicorn botnets). Even then, it's not 'free' money to anyone. It's theft of resources and power (which costs unsuspecting people money if they've been exploited). If you think they're a centralized process, then please provide me proof that there's one botnet in control of such a vast amount of resources? And even then, can you prove to me that the exponentially increasing difficulty and prices won't invite thousands more miners .. negating the effect you seem to be worried about?
They're run for-profit and they're historically dumped onto the market, keeping the price down and smoothing out crazy pumps (this coupled with high emission is a genius combination for penetration IMO). That's only a bad thing if you have a turd coin and demand immediate profit when your coin is still less than a year old. Hell, I have the ability to mine profitably right now .. but I don't. Every hash that I put into the pot right now might put someone else off from getting into this for the first time. I'm already interested .. and have the mental capacity to make more XMR on the market than I do mining it anyhow
Come on, ya gotta try harder than that
I don't think anyone's going to slap their grandmas over having .. what .. let's even 40% of the hashrate for that time gives about 221,760 coins. What's that like 1.2% of the currency? FFS if anything they gave me time to buy in cheap because they consistently dump that straight to market Not like those coins that come straight w/ a premine right out of the first block .. I mean have you seen the volume over the last few weeks? Does it look like these unicorn botnets are hoarding?Botnets are a non-issue dude, they're a finite resource that most people need to pay for. Anyone owning high end GPU cards should have an antivirus .. end of story (in fact most monero virsues are picked up quite fast these days because of the unicorn botnets). Even then, it's not 'free' money to anyone. It's theft of resources and power (which costs unsuspecting people money if they've been exploited). If you think they're a centralized process, then please provide me proof that there's one botnet in control of such a vast amount of resources? And even then, can you prove to me that the exponentially increasing difficulty and prices won't invite thousands more miners .. negating the effect you seem to be worried about?
They're run for-profit and they're historically dumped onto the market, keeping the price down and smoothing out crazy pumps (this coupled with high emission is a genius combination for penetration IMO). That's only a bad thing if you have a turd coin and demand immediate profit when your coin is still less than a year old. Hell, I have the ability to mine profitably right now .. but I don't. Every hash that I put into the pot right now might put someone else off from getting into this for the first time. I'm already interested .. and have the mental capacity to make more XMR on the market than I do mining it anyhow