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RE: Monero Original (XMO) - A Pro Asic Anonymous Cryptocurrency

in #cryptocurrency7 years ago (edited)

For true ASICs it's just not feasible. For example, the last fork happened over a month ago and the difficulty is still trending down, even more so after the Monero V snapshot.
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If an ASIC was put on the market today, it would be good for 4 months tops before the next scheduled anti-ASIC fork. Building true ASICs for such short term use is just not a solid biz strategy and that's what the community stands firm by. If you can edit the algorithm on the fly, it's not a true ASIC.

Most of my XMR holdings are in cloud mining contracts so I understand your perception there, but the reasoning above shows that the cloud contracts are likely mining with high-end GPUs.

I've been posting a weekly Monero difficulty watch and there's no sign of them yet. The previous CryptoNight ASICs are mining DigitalNotes XDN, XMO and the other Monero Clone War coins 😂 on the old algorithm.

*up-voted & resteemed

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ASIC resistance definitely has its pros as you listed, just seems forced because the algorithms are so mutable. Appreciate your insight thank you!