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File: 10 KB, 300x299, dienero.png [View same] [iqdb] [saucenao] [google]
10015203 No.10015203 [Reply] [Original]

Why did it suddenly die after forking off ASICs? Monero had the weakest bounce during the April bullrun as well and now is $10 away from hitting double digits.

>> No.10015256

because all the ASIC farms are market dumping their monero as a 'punishment'

>> No.10015273

>>10015256
cheap monero. how absolutely terrible... what a shame i can accumulate more now.

>> No.10015312
File: 17 KB, 750x150, IMG_2016.jpg [View same] [iqdb] [saucenao] [google]
10015312

>>10015203

>> No.10015381

>>10015203
>It died
Lol wtf are you talking about? Bear market, idiot.

>> No.10015400

>>10015203
Who cares. It's a fucking shitcoin anyway.

>> No.10015408

>>10015400
Just like BTC ;)

>> No.10015414

>>10015203
>change the entire project direction because some bus-driving faggots on reddit kept whining that their 300$ graphics cards wasn't printing free money anymore
gee I wonder why people lost confidence in monero

>> No.10015445

>>10015414
how exactly did the project change direction? enlighten me faggot

>> No.10015458

short term,

check back in 9 months at this thread.

>> No.10015499

ummm wat? It's been holding better than most in this bear market bro, are you sure you know what you're talking about? I'm actually super happy i converted all my LTC to XMR about 2 months ago

>> No.10015572

>>10015445
because they've literally forfeited some power over the project to a subreddit.

>> No.10015904

>>10015572
Fuck off bitmain shill.

>> No.10015964

>>10015904
at least I'm not a bus-driving faggot on reddit kept whining that my 300$ graphics cards wasn't printing free money anymore

>> No.10016076

>>10015499
You realize that LTC performed better than XMR in these two months, right?

>> No.10016194

Dero just nuked 50% because they DIDN'T address asic mining, why would monero lose support for doing it? What do people actually want?

>> No.10016319

>>10015400
retard confirmed

>> No.10016338

>>10015964
shill

>> No.10016404

>he isnt mining this with vegas

>> No.10016531

One of the few legit altcoins which is in fact really useful

>> No.10016554
File: 136 KB, 560x577, Smug asuka monero.jpg [View same] [iqdb] [saucenao] [google]
10016554

>>10015203
You do not understand what is really happening here

>> No.10016607

Coins don't need any real world value or performance to go up. XMR will bounce purely on speculation.

>> No.10016657
File: 6 KB, 128x128, logopinkdate.png [View same] [iqdb] [saucenao] [google]
10016657

>>10015203
I think there's a lot of disappointment over the ledger monero app not being easy to use, it's not officially released yet by ledger either.

plus Jihan is probably dumping some of his holdings.

good time to buy.

>> No.10016739
File: 40 KB, 500x331, eef612e2d5a87f48e2df6b0485cf1e6410e1542b79bfb7e2063561dc53aca76f-k.jpg [View same] [iqdb] [saucenao] [google]
10016739

>>10015445
It didn't
Xmr devs threatened to tank the whole pow algo if there were asics since day 1. Bitmain made a bad business decision and got burned so they unleashed the FUD

>> No.10016935

>>10015414
since I know you're a bitmain shill, this answer is not for you but anyone who may think you are right.

https://cryptonote.org/whitepaper.pdf

This is the original CryptoNote whitepaper. Under 2.2 you can see the criticism against bitcoins ASIC-friendly PoW function, and under 5 the ASIC-unfriendly CryptoNight PoW function is being introduced.
This shows that CryptoNote is by design anti-ASIC, and forking away from ASICs was the exact opposite of "changing the entire project direction".

>> No.10016954
File: 207 KB, 614x657, fuckascis.png [View same] [iqdb] [saucenao] [google]
10016954

>>10016935

>> No.10016990

>>10015203
It's a concentrated astroturfing FUD/dump campaign. Not sure who's responsible but I can guess.

>> No.10017028

>>10015203
it will dump more muh TA says to around 80$. Too much FUD and will be banned/regulated heavily in the future.
Waiting for a good buy opportunity. XMR is the one true king of cryptocurrencies

>> No.10017202

>>10016554
Then explain what is happening here I'm down 25k usd

>> No.10017302
File: 130 KB, 253x621, ytd.png [View same] [iqdb] [saucenao] [google]
10017302

>>10017202
Bear market is happening. Monero isn't hit much harder than other coins. Pic related is ROI from january 1st to today, top10 coins like bcash, iota, ripple, dash and cardano are down more than Monero, LTC also very close.

https://www.cryptocurrencychart.com/chart/BTC,ETH,XRP,BCH2,EOS,LTC,XLM,ADA,TRX2,IOT,USDT,ANS2,DASH,XMR,BNB2,ETC,VEN,XEM,OMG,QTUM,ZEC/priceReturnOnInvestment/USD/linear/2018-01-01/2018-06-24

>> No.10017418

low supply of cambodian child prostitutes available for human traffickers to sell for Monero
not the fault of the coin

>> No.10017434

>>10016990
Interesting how every significant group of bagholders of any shitcoin believe that there is a conspiracy targeting them specifically.

>> No.10017623

>>10017202
shut up retard we will be rich

>> No.10017656

>>10017434
This one is actually plausible however as bitmain does not want a trend to start of projects changing their algos to make their asics useless , look at the zcash community fighting about it now and having seen what happened to monero, bitmain have a massive weight in markets their asics touch.

>> No.10017675

>>10017434
I dont own and have never owned xmr. In fact Im holding a competitor. What I said is just blatantly obvious to anyone who isnt a complete noob retard.

>> No.10017683

>>10017656
this may happen as a trend but it won't change much to decentralize, whoever has more money can just buy rigs when they need it and mine whatever, bitmain would probably dominate anyway and that could actually make them stronger

>> No.10017712
File: 202 KB, 600x544, 1512536556010.jpg [View same] [iqdb] [saucenao] [google]
10017712

$400 again EOY

>> No.10017718

LOL at you idiots making that fat fuck rich enough to buy another million dollar watch, all while clutching to this pathetic SJW cuck coin

>> No.10017744

>>10017683
More people can afford to buy a mid tier gpu and mine rather than a $2000 asic + shipping and import tax , this way is stays alot more decentralised.

>> No.10017749

dont worry
when all the coins go to 0
Monero will still be at least 10 dollars because of darknets

>> No.10018054

>>10015203
Bitmain mining = high profit margin = low dumping to cover costs
GPU mining = high competition, very low margins = nearly everything is dumped for cover mining costs

>> No.10018083

>>10018054
> Mine in bear market but dont sell
>mine more than usual because diff drops as others give up
>sell in next bull season

>> No.10018337

>>10015203
"$10 away from hitting the double digits" is a pretty melodramtic way of saying "$110"

>> No.10018439

Um, you faggots do realize ASICs found a workaround for Monero weeks ago and are still mining it...right?

>> No.10018454

>>10018439
Proofs

>> No.10018495

>>10018454
I could provide you with all the proof in the world, and you still would want more.

ASICs cannot be stopped. New algorithms are being deconstructed and countered faster with each new release.

>> No.10018752

>>10018083
That's equivalent to opening a long position, you could as well just open it rather than mine

>> No.10018773

>>10018439
If that were true then the diff would be over 60 rather than bouncing between 45 to 50 and when bitmain was mining the diff was over 120 and steadily rising until the hardfork. And if the diff starts rising dramatically the XMR development team will just fork the network again like they did a couple of months ago.

>> No.10018919

>>10016076
Lol no 70% los for LTC
66% los for XMR

>> No.10018942

>>10018495
T. Has no proof

The hash rate dropped a shitton.