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RE: Alt-News #5: Antshares rebrand to NEO & new whitepaper / Singapore Startup TenX use of Visa Debit Cards / Sia bounties and ASIC Presale is live
How hard do you guys think it would be to be a miner for SIA? and would it be worth the costs?
This includes of course many IF:s and depends totally on the future for SIA :) Just wondering bout your thoughts!
Its all speculation, when ASIC's arrived for bitcoin it made GPU mining pretty obsolete and the difficulty started going sky high so you had to have an ASIC miner to compete for the newly minted coins. Sia is also at its infancy and competing vs other cloudstorage currencies like Storj, if the price and development hold up (which I personally believe it might) then an ASIC miner can be very profitable in the future and I'm sure there will be more and more being created as there will be more demand for them just like there was for Bitcoin.
The advantage of blockchain technology will be massive for these cloudstorage projects compared to the normal ones (amazon, dropbox, etc), so with further development and adoption there will be enough space (:P) for many of these to compete against the current ones instead of each other.
Space is the limit, or was it the sky? :) Thanks for sharing your knowledge Acid!