The ASICs being purchased and going out of stock shows that markets are gearing up for another bull run that could be 4-5x higher than the last highs. Maybe this belongs in the moon thread, but I think ASIC purchasing is a clue that some big investors getting involved.
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guys, what value are you talking about?
if we look at active adress count, this coin is slowly dying.
we had most of the people using coin while it was GPU.
P.s. you can click on the graph at XMR, and see the impact of hard fork. Active user count went UP.
It’s just facts.
why can’t you see them?
no, you are wrong.
it has nothing to do with bull run.
it has to do with ROI and Profits.
If you’re not interested in using it, or investing in it, you’re free to use Ycash or mine any other GPU coin that you please.
we had most of the people using coin while it was GPU.
This was during a bull market. It has nothing to do with GPUs or ASICs.
In my opinion, ASICs are actually the sign of a coin becoming more secure as its mining algorithm matures. “GPU-only” coins aren’t able to properly advance into a secure/mature network because they end up making a centralized decision to fork during these difficulty transitions. It’s much better to take a hands-off approach and let the manufacturing market work itself out.
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You’re saying that ASIC miners immediately sell, but then that GPU mining causes higher ROI and profits. It’s a contradiction, as to realize those profits GPU miners need to sell zec for fiat. There is nothing magical about GPUs that make a coin immediately worth more.
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again you are jiggling facts.
in May 2018 zcash had 120.000 active adresses, when z11 mini announced, now zcash has less than 20.000 active adresses.
May 2018 was not bullish. Exact opposite. Please do not tell lies.
prove!
Because we went into a bear market… when we have another bull run let’s revisit the amount of active addresses.
it has to do with multiple factors.
judging on facts, GPU coin hold its value much better than ASIC coin.
about that video with OhGodAGirl - well, good luck investing millions in creating fpga for x16r, but i bet Ravencoin will change immidiately when hashrate will go up abnormally.
in May 2018 zcash had 120.000 active adresses, when z11 mini announced, now zcash has less than 20.000 active adresses.
Are you saying there are more GPU miners than ASIC miners? I would agree with that. It takes a higher risk tolerance to buy an ASIC than to purchase a GPU with the potential to resell it later to recover costs.
More GPU miners could mean more active addresses. However, that doesn’t increase the price. These miners are mining and selling and can’t be considered real usage beyond mining usage. The usage we’re interested in is for people to use Zcash as opaque and secure money.
Please do not tell lies.
Let’s have a discussion without name calling.
And then they’ll make another monero forks but “secret” ASICs end up on network time and time again.
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please, please check graphs yourself.
XMR hard forked, and active user count actually went up.
You do not need to wait or fantasize, it’s happening right now, when we are not in Bull run.
it’s just facts:
after XMR hard fork its value went up, comparing to BTC and ZEC.
after XMR hard fork active adress count went up as well.
while ZCASH price and user count is falling.
how long do i have to repeat this FACTS?!
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What you are missing is that they are already mining with ASICs. They make these changes gradual so that nobody suspects that ASICs are on the network. It’s called a secret ASIC for a reason.
Only other difference between now and May 2018 was that Zcash wasn’t banned in Japan back then, and was available to margin trade on Bitmex.
I’m done with this pointless arguing it’s going to go on forever.
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@nec, I’m guessing you’re a Monero miner since you seem very interested in it. I’ll just leave this here.
These are privately owned, centralized ASICs, which can 51% attack at any time. Monero forks? Then a new ASIC will adapt to that fork within 1-3 months.
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even if we assume that this is true, which i seriously doubt, what difference it makes, if difficulty correlates with situation on the market?
price goes down - diff goes down.
do you understand that with ZCASH it is much worse?
price goes down, and difficulty goes up?
stop fantacising about secret asic mining, while not secret asic mining destroys zcash.
and you can not mine with 2000 machines which are 1000x more efficient without any suspicion.
what you should have done, is just look at the facts.
not argue.
K
20characters…
At this point you’re just choosing facts that backup your originally held opinions. This is called confirmation bias.
