Monero Hard Fork - Thoughts?
Firstly let me say i'm new to the space and that this is the opinion of a nublet. Just a heads up.
My understanding is that this fork is specifically to allow small scale miners to stay in the game, and not get shut out by ASIC miners. With an aside of upping the security as well.
So i guess i do what you would call "casual" mining, trading my CPU/GPU power for crypto currencies. But i have no intention of ever setting up an ASIC farm. So I have chosen to stay with Monero(XMR) rather than Monero original(XMO?). The only real downside of this choice for me is I lose linked mining of FCN on Minergate. Which i did like, as i don't have much hashrate so doubling it was very attractive.
What is the feeling among people here? Any thoughts on the Monero fork? What do you think will be the longterm outcome of this fork? Would you be willing to invest in XMR cloud mining? It's something i am still considering even though the coin is in an uncertain place at the moment.
At any rate i think Monero could be a long term survivor, one of the coins that survives the bubble. But for Monero Original, not so much. For now i'm choosing to stay with Monero, so i'll continue to mine it. As for a cloud mining contract...i'm unsure now. Even though i think the idea of a privacy coin will remain a strong player in the space.
Please let me know your thoughts in a reply, do you think Monero Original will do well? Would you invest in a cloud mining contract for XMR?
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