Community Observation: 2019.08.05

Community Observation publishes insightful opinions and interesting thoughts collected from the SimpleChain community. If you have any thoughts/opinions about blockchain/crypto that you’d like to share, feel free to contact us through our Telegram group.

Price of SIPC has gone from $0.058 at the end of June, to today’s new peak at to $0.24. The price soared by 3 times in mere 40 days.

The most important event of the project recently is to sell USB mining machines to users who lock their tokens. For locking 10,000 SIPC, a user is eligible to purchase 5 USB mining machines.

I took a look at the introduction of the mining machine SimpleNode X1, which can provide 2.2M computing power. One can dig out 15–18 SIPC every day, not taking consideration of electricity costs, $ 100 cost of the mining machine can be earned back within less than a month.

No wonder that the miners are required to lock their tokens in order to purchase. This has boosted the rise of the price of SIPC.

In the early days of Bitcoin, there were also USB mining machines. Before the formation of large-scale mining pools, USB mining machines cultivated many early miners.

There is nothing new about the strategy of locking tokens to purchase mining machines. Many fake mining projects even only just sold USB speaker to trick miners.

SimpleChain advertises its own algorithms and self-developed chips in the mining machines. If you get the real thing, you can try disassemble and verify it. If it is what they say it is, this is really a project worthy of attention.

By 空客730