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RE: Newbies are Chasing Shiny Objects in Crypto Currency Trading.
I've been eyeing off Sia and Golem. Got a small amount of Golem but after hearing the news about SIA getting ASIC devices yesterday I decided not to invest, what are you thoughts on this? It'll shut most small time miners out of the network due to it no longer being profitable to mine on a cpu/gpu
Although I really like the idea of SIA and I find it hard to believe that the value will continue to increase when it is far cheaper to pay for AWS or other storage. I want to believe though, I keep looking at cheap coins that're under $1 per coin because I don't have much initial capital to invest
I did not know about the Asic miner news. I will have to look into it more.
It hasn't appeared to affect the price in the way I expected. I may be wrong about thinking Sia is over valued.