People were too blind by dollar signs to see the reality of what they are facing now. All anyone needed to do was to go back and look at the difficulty curve for Dash. They would have learned quickly that ASICs are good for only one group and that’s the people selling them.
Bitmain is laughing and the ZCash folks essentially told everyone “who cares” by their inaction, making excuses instead.
I predicted the difficulty will be 20m by 1 Sep, and today it hit that for average difficulty, my prediction being 12 days too late. My predictions are that the difficulty will be 50+M within 90 days of when the ASICs entered service. It may be 105-115 days.
I had planned to buy 20 to 30 Z9’s 40k/h but scrapped the plan since I could not get them soon enough. By the time anyone who ordered them gets them now they may or may not see ROI. However, since the prices shit the bed, that’s another matter.
Maybe my same posts will reach some folks! Remember: if the difficulty is 50m, the Z9 40k will generate ~2.5 Zec a month. If you’re HODLing for a long, long time and don’t need to cover your power, then cool…but any other scenario is not a good one if you’re looking to profit.