ASICs for cryptonight were recently announced. How is the Sumo team going to address this issue?
This ASIC (if a 60Watt ASIC really exists) has an output of
20 kH/s.
Now bare with me
Sumokoin has a global hashrate at the moment of 20 MH/s while its peak was 60 MH/s. Lets use an average of 40 MH/s
In order
just to double the average total network hashrate of Sumokoin, which is 40,000kH/s, it would take
2,000 ASICs mining
Sumokoin only.Each ASIC costs 3600$, which means that people will have to spend
7.2 million dollars to buy ASICs and mine
only Sumokoin with them
This is 2.3 times more money than the entire Sumokoin current marketcapNow lets talk about Monero, Monero's average total hashrate is 1 GH/s
https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chartIn order
just to double the average total network hashrate of Monero which is 1,000,000kH/s it would take
50,000 ASICs mining
Monero only.Each ASIC costs 3600$ which means that people will have to spend
180 million dollars to buy ASICs and mine only Monero with them.
Baikal must produce and sell hundreds upon hundreds of thousand asics for them to have any actual effect on any coin
IMHO it would be irresponsible to risk the integrity of the coin for an insufficiently proven threat.
EDIT: If an ASIC with an output so large that can potentially affect our network's total hashrate is produced in the future then we will start considering a solution, but that's a hypothetical issue, not a real current one, so we wish to remain focused on improving our coin cryptographically atm.
Maybe a better question would have been 'is it an issue?' Apparently not. Thank you for your explanation.