er, I meant Karma has a big daddy in Karmashares

here is what ASIC are doing to the community so far. they are too expensive for a little guy to get an ASIC strong enough to compete with current hashrate. Not to mention never even ROI. So unless you spend over $10,000s you will not make it. This creates a harsh centralization of miners. Only the big boys win the game and makes is less appealing for little guys.

Look at our pools. our miners were getting thinner. probably since scrypt was running too hot on summer. The moment Karma rises , all the asic users jump on our network. We go from 1.2 Gh/s to 3.4 Gh/s. Which makes the small time miners even more frustrated because of the high difficulty jump.

look at this way.  if i have $2000 i can set up a 2-3 Mh/s GPU miner or a 20 Mh/s Asic miner.  You can see the imbalance ASIC offer. Miners would invest in GPUS more because at least they can use it for games or sell it back with %50 gain. but with asic you have 1-2 months to make roi and then its worthless.

By going to X11 all the GPU miners will have few more months to mine the coin in fair game. By then  the ASICs will be much cheaper and they should be able to afford to switch to ASIC.

Also China mines love x11. they will jump in and will start to create additional trading market in their side of the world. Maybe we will finnally break in their exchanges. Like Bter.com and others : )

by me sale KARMACOIN below 1000 listoshi is a huge mistake and I can not understand selling the 200, 200 listoshi is only 3-3.5 satoshi!
It's like handing out money on the street.
So far I still PURCHASE
If you jump on the X11 as I wrote a long time ago!, We should talk to the creator of XC launched its own multipool http://www.hashevolved.com may want to join
and perhaps we should create its mines and sell other currencies and buy up other KARMA from the market which will stabilize the price and pay the KARMA

Not to be argumentative, but worrying about ROI on coins with a current value less than $.0002 USD is shortsighted, right?  Cryptocurrency as a whole concept is a long term process.  More than half of the population doesn't even know what it is.  If we're in it for the quick money that's a different story.  Karma created the Karmshares, LLC for long term potential.  The BTC players are already looking to 2140 to devise structures & processes to handle the end of POW.  At some point, we have to quit being so anti-technology when it comes to a sustainable network infrastructure that's important for transactions to process.  

Ideally, the production of ASIC hardware reaches a point where the suppliers outweigh the consumers and then you see more & more new user entry into the mining side.  Not because they're getting rich off of it, but because they're getting anything from it.  Consider if VISA allowed home PC users to run a small USB item that would generate any type of additional income for a nominal startup cost and minimal expense.  A penny saved is a penny earned, afterall.  If you end the day with more money than you had previously you're on the right path.  Certainly there's heavy users & light users, but it all counts in the end.

even though you consider yourself a non-expert your comments are pretty much spot on.

Any kind of PoW that uses an algo not in the X11 or scrypt groups (e.g. X13) may make it economically unviable to produce an ASIC for the next 2 years but we may yet see X11 ASICs this year.

though I am not opposed to X11 per se.. I am wondering how such an important decision was made without a community vote.

I am also not sure that the bigger issue of too frequent block reward halving is going to be fixed by a switch to X11.

in the interests of stability I would push for a more granular and and much more gradual reduction in block rewards.

if I was going to design a new coin today I would pick something like block reward goes down 1% every month or 10% every year. I have not done the math but something that has a much more gradual decline in reward yet keeps to the original coin count projections over the next 5-10 years would give the market more stability. I don't know if that holy grail is even possible this late in the game but it is definitely worth a little research.

Ideally in the long term I (as a coin investor) would want to see the supply of new coins to increase by less than the official inflation rate of the USD this would guarantee that there is always some very slight upward pressure on the price even if nothing is happening in the crypto community.

this would be ideal regardless of if a coin was PoW or PoS or whatever.

how to live with such low coin creation rate yet still keep the miners/speculators interested.. that is the real crux of the matter.

I will agree that GPU (X11 etc) mining is a much fairer way to get a broader distribution of coins to new people.

asking people to buy the coins outright (PoS) or buy specialised hardware (ASICs) is always going to be a barrier to entry for people who are new to the idea of crypto currency.

imagine having a new religion (or social organisation) where you had to pay to join or you had to buy a new outfit just to be recognised as a member... the kinds of organisations that are free for anyone to participate are the ones that grow fastest.

the only numbers you need to worry about are A (accepted shares) R (rejected shares and HW (hardware errors)

0 A means you will not get paid anything because you have not been given any work.

Does anyone know if this pool: http://karma.p2pool.altcoin.dk/ still has the 20% bonus on every block active?

I believe there are no 20% bonus here.
I mined in the "classic" pools and in this p2p pool. I saw no difference, I've got the same amount of coins in 24 hrs.

anybody?  im not the only one mining there right?