Re:Blockchains by number of nodes/validators
by latchkey on Thursday September 08, 2022 @01:04PM
(#32768408)
Where else would they sell?
Re:Blockchains by number of nodes/validators
by tromp on Friday September 09, 2022 @03:51PM
(#32784061)
They don't. They have the funds for the electricity (which are rather modest compared to other coins) and just accumulate Grin...
Re:Blockchains by number of nodes/validators
by latchkey on Friday September 09, 2022 @04:14PM
(#32784331)
So then that explains the price being as low as it is... nobody is actually using it... just sitting on it in the hopes that it might go up some day. Sigh.
update: removed comment about ROI cause I didn't do the full maths.
Re:Blockchains by number of nodes/validators
by tromp on Friday September 09, 2022 @04:44PM
(#32784689)
> So then that explains the price being as low as it is... nobody is actually using it
That comment makes no sense, since most cryptocurrencies have no use except speculation. The price is low (well, no lower than Doge) because Grin deters speculation, and hence much fewer people are willing to speculate on it.
> ROI is 4300+ days
Based on what electricity price?
The original Cuckoo Cycle turned out to be rather ASIC friendly; the Cuckatoo variant even more so. But it's the Cuckaroo variants that saw the most changes to make them substantially more ASIC resistant.