Re: [ANN][CRAIG] CraigsCoin | Decentralized classified ads

Dev just told me this is an X11 Coin

this is not posted anywhere in the OP.

Sorry -I only support regular scrypt coins at this time on my pool and do not invest in X11 coins.

Best of luck

Your welcome! Best of luck to you too. Shame I never posted coin algo in the OP - thought it is pretty irrelevant since CraigsCoin does not have any mining rewards.

Yeah that is interesting. If it's not a pow coin. How does it make a difference. I really don't know this. Are x11 POS coin somehow not as good as Scrypt POS coins. It doesn't make sense. But I'm not a real tech guy so I guess there could be something I don't know. Just never heard something like this said before. I would say, to my knowledge you should focus on the dev and his plans, aside from the algo on a coin that is not POW

you can only mine X11 coins with GPU's - they're asic resistant (at the current time: LOL) and have a very limited audience since people are abandoning GPU's.

I am pretty sure x11 has its asics
and asics are a bad thing. You know why? Because asic owners do not want to contribute to a coin. They will only leech money off of it to pay for their hardware. They dump coins and drop its price discouraging those who support the coin and may be useful for its development and promotion

this coin however be it scrypt, sha256 or scrypt-N have no mining rewards so there is no point to mine it anyway

yes - you are right - Asics were created by the DEVIL!!!!!

dude - please take a look at how asic miners have contributed to IPO's on coins like syscoin etc in the past few months.

don't what you're smoking but it must be good...

OMG!!! Grin

could you please explain how asics may help a coin? The only thing they do is dump coins that they mine until its profitable. When coins price is dumped to the ground they move on to the next coin

seeing at what state syscoin is now (price dropped by 300%) I still cannot see how asics help a coin