Genesis Mining is back with new X11 contracts

[tungfa]

Genesis Mining is back with new X11 contracts

(limited offer - coupon inside)
http://blog.genesis-mining.com/x11-contracts-are-back-with-a-huge-discount

 

[rustycase]

This, is disconcerting...
" Our new X11 mining will feature brand new ASIC technology that no other mining company is using. "

My concern is the dragon engulfing the mining activity.

There is much I do not know, and even less I understand.
rc

 

[tungfa]

This, is disconcerting...
" Our new X11 mining will feature brand new ASIC technology that no other mining company is using. "

My concern is the dragon engulfing the mining activity.

There is much I do not know, and even less I understand.
rc

if u wanna be competetive in mining u have to use ASIC
what is disconcerting here ?

 

[rustycase]

if u wanna be competetive in mining u have to use ASIC
what is disconcerting here ?

The dragon lays ASIC eggs.
The dragon enjoys subsidized electrons to power those ASIC eggs.
If anyone outside the dragon's lair were to arrange purchase of an ASIC egg, profit would be gained by that dragon, to generate even more ASIC eggs.

I am not so interested in being subject to the whim of whichever way the dragon may wish to swing it's tail.

Are you ?

I am watching the marketplace, which is the only way to purchase DASH.
Furthermore, it appears to be optimal to purchase btc with fiat, then trade that for DASH.
ED has recognized the problem...
DASH is at the whim of those who control btc, 90% of whom are that dragon.

I have watched action on exchanges, what many people call 'pump & dump'
I suspect it is not. IMO. IM Newbie Opinion.
It may be miners exchanging fruits of their labor for something they can make use of in their daily affairs... Renminbi ?
Personally, I am unable to fully grasp the magnitude of the dragon. I try, repetitively, yet am unable to fully comprehend the numbers involved with any kind of perspective that applies to my sphere of existence. Try it some time... If YOU, were 1 in 1,000, special, and all that sort of stuff, how many of YOU are there in the lair of the dragon ? I find it fascinating.

Is my Newbie observation/opinion incorrect ?
Am I wrong or off-base ?

Do we discuss such things here on DASHdotOrg forum ?

Best
rc

 

[GrandMasterDash]

What happens to the price of dash when GM is eventually found to be cooking the books?

 

[rustycase]

if u wanna be competetive in mining u have to use ASIC
what is disconcerting here ?

Indeed, I have read you are correct regarding the ASICs...
This just came out, on themerkle...

http://themerkle.com/bitbank-seeks-...mining-facility-with-worlds-only-12nm-miners/

We all apparently will have an opportunity to dao fund eth first implementation of 12nm process miners.

I wonder how that will shake out ?
Don't you ?

Have you ever read any presentations on alfalfa grown here in droughtland ?

Oops!
Did I make spelling errors ?


rc