Oh I forgot butterfly labs the ran off with a lot of btc and never delivered. U should look at btc,s difficultly back in 2013 when comparing it to dash that’s when the ASICS hit.
I'll see if I can make any correlations between those. Thanks!
But I will stick to my current argument that the algorithm currently set up is, comparably, four times less profit than btc would've made back then. That's of course, extrapolating the data that I've garnered today. I can see what youre saying though.
- It is not possible to compare different algos and its hashrate. Such comparison means nothing.
- Unprofitable mining does not mean that coin have any problems with scalability. Dash network will generate new block in 2.5 minutes and no matter how many miners will join or leave the network. Just difficulty will be reajusted.
- You cannot blame in this situation anyone but yourself. You was too greedy and did not do math before you buy miners.
- Same situation happened in bitcoin network several times. For example when first asics emerged but some guys already invested in GPU farms. In that time there were no much profitable altcoins and they thought they just lost money. Many of them sold their equipment but many other smart guy bought it cheap.
- Nobody will do any reward manipulation in dash network because some group of guys bought overpriced miners. Any attempt of reward manipulation will ruin whole network.
What are the ways out?
- Easy way. Reek you butthurt on forums and cry that dash is scam.
- Hard way. Swallow your disappointment, try to learn from your mistake, mine and hold. Because of expensive mining new coins supply will be limited for the exchanges (because more miners decide to hold) and price should go higher.
Clearly you have no idea what you're talking about - if you've ever taken a statistics class, it is possible to create a coefficient for difficulty and hashrate without depending on specific algorithms. Using that coefficient, one can determine the comparable mining profitability independent of cryptocurrency price (profitability based off of the amount of hashrate one introduces to the network). The math is done - bitcoin will win the hash rate war in the end of the day. No one will support a network that promises more centralized power due to its poor ROI on the miners that actually spend the money on the equipment which holds up YOUR network.
And you guys think I'm still complaining about immediate profits. LOL - so ignorant, truly. Even in September 2013, the people were making negative returns but still mining hundreds of bitcoins. DASH is mining 2-30 a year, max, with a few months worth of ASICs. You're a fool if you think any miner is going to decide to support this network when they could easily transition to the one that makes x4 the profit. You really don't get it, do you? If you want to compete vs Bitcoin, DASH would have to be worth, today, 32,000 dollars each. Good luck with that without the hashrate.
My concerns have to do with the scalability and necessity of DASH's network infrastructure which none of you are investing in except for the masternode owners who aren't even contributing to the PoW that is necessary to process the transactions (who do you think is processing your fancy 2MB blocks? LOL) But please keep living in your ideology cloud and let me know when you all want to be adults and come up with some concrete scalability solutions instead of crying about people criticizing your shit algorithm.
Again - DASH, great idea, waste of a technology on this community. Blindly following devs. Then you wonder why returns on DASH are so poor in comparison.