Exactly. Dev already made the stupid announcement that the coin isn't switching from scrypt and the price crashed IMMEDIATELY

By the time ASICs really become relevant for this coin (3+ months at least), we will already have 25% of scheduled coins in circulation. The added security of ASICs will be worth it by then. 100 million+ coins will be in circulation in just a couple months...buy coins directly if you don't want to get an asic.

Yes there is always added security in increased hash power. They also generate less heat and consume far less energy.

As for the comment about the average person being excluded by ASICs, its just wrong. The average person doesn't own a GPU farm. The average user can't afford or aren't even capable of drawing that amount of power from their residence. Go ahead you try and run a 7-8 mh/s gpu rig out of your apartment. Heat and electricity are the bane of my existence. I have been threatened by both my apartment management group and the electric company. I give them a great big middle finger every time but I know I'm not the only one having these problems.

ASICs make it possible for the average guy (ME!) to have a reasonable level of hash power and not burn the apartment complex down. Just like the block erupters were before, these new ones are competitively priced to GPUs. Just invest in an asic and sell your gpu/cpu mining farms. Nobody is going to take a network seriously when its secured by GPUs running out of milk crates in people's basements.

Oh, now its the argument of safety for the blockchain.
Sounds like the usual fear mongering. Suddenly the blockchains are in danger, without ASICs.
Altcoins were just fine without ASICs. Bitcoin would be much better off without them.

Why should I throw my money at a bunch of elite wankers trying to take another business over, if it's avoidable?

The same reason you threw your money at a gpu.

A gridseed unit costs $160 and hashes at 350 kh/s  w/ power use: 7 Watts
An R9 270 GPU costs $200 and hashes at 450 kh/s  w/ power use: 150 watts

You decide.

During peak summer times the building struggles to keep cool and then everybody cranks the A/C up. When I had my GPUs running it would be too much current for the building and throw a circuit breaker. Needless to say, my neighbors were not happy.

I moved in to that place because it was supposedly renovated. Turns out they did everything but the electrical system and even just a few extra KW is too much. Great. Anyways the electric company didn't so much as threaten me as ask me to reduce my consumption to avoid brown outs.

I sold off some of my GPUs to get down to a level where I'm not tripping the breaker, but they still bother me about it every month. I will be going the ASIC route very soon. Gridseed was the first but many more will be coming this Summer.

Depends on where you look and how many you buy. 10+ usually gets you $160 per

https://bt.irlbtc.com/view/525965.0

There are some resellers selling single units at ~$160-$185 but are just not the more well known distributors:

https://bt.irlbtc.com/view/529021.0
https://bt.irlbtc.com/view/520191.0

GPU owners are already mining and dumping potcoins.  ASIC's are the least of potcoin's problems right now.
potcoin needs good news.  As long as there is no new good news, greedy gpu miners will continue to mine and dump.

Well, maybe you should really change algo or get some kind of anti asic shield but i guess this isn't possible that easily..

I have a GPU farm mining HeavyCoin as of recent! Its feature set is worth a mention, It was once CPU only and GPU's just got let in the party not to long ago and miners run really cool! Great for summer and not asic friendly...

Asics are already here! If you were doing any kind of multipool action you know the price has been anchoring..

It maybe a binary moment for a lot of coins! Theres not gonna be any in-between... Sometimes innovation is enough and a grasping of opportunity is all that matters but i think our situation is dependent upon more factors and one that sticks out like a sore thumb is "timing"~

HVC is doing well and will continue to do well because of the timing & innovation!! It came right at the right time when GPU's are "shifting" from scrypt and its making a market for itself by giving miners an "opportune" moment !

For POT it seems the halving conversation has blown up into an all out are we "changing" from scrypt conversation.
Rightly so as the slaughtering of the market proceeds by the asics but, even tho that binary moment maybe among us soon.. the difference in yea or nea may not be as important as the timing!


I dont think we have enough swagg to carry us pass any round of asics..  The reaper is among us and maneuver away we must!! I didnt just mention HVC by chance .. I secretly wish POT had some of its features like the temporal retargeting but our chance to innovate is handcuffed to a timing variable amongst others so im not sure how long we have an opportunity to grasp for our defining moment~


Its make or break time! Cmon POT!!!