Replying to Avatar BITwise 🐳 >>= RIGHTish

Just did some quick math...

At its max rated 3.8TH and a 1% pool fee, you'll mine 363,175 sats a year. At a cost of $900, that's like 3.2m sats... Will take roughly 10 years for ROI....
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T 2y ago

I still always felt there was value in asic resistant crypto like Vertcoin

Always felt more sensible to me. I’d love to get into mining but it’s hard to justify the investment

🤷🏻‍♂️

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BITwise 🐳 >>= RIGHTish 2y ago

I disagree. ASICS are simply purpose built computers. The more hashrate, the more secure the network. The higher the global hashrate, the more difficult it is to 51% attack. ASIC resistant coins are simply putting an arbitrary cap on each miner's ability to secure the network.