Ubiq Tuesday - Week 13

Kinda big news in the Ubiq space today as Bitmain has announced and started selling a "ASIC" for the ETHhash algorithm. Lots of people calling for action from coins on the ETHhash algorithm to hardfork off to invalidate the new hardware. I'd just like to point out that this is pretty bizarre. The new miner is roughly equivalent to 5 1080 ti's. If Nvidia had announced they were increasing GPU manufacturing tenfold this year, there would be no call for action against Nvidia to invalidate the increase in supply.

The new miner from Bitmain is essentially a prebuilt GPU mining rig. It does run at a lower wattage and lower price point that the equivalent in GPU's, especially in an over inflated market.

Gamer's should be rejoicing today now that a new cheaper player has entered the ring for GPU mining. You might actually be able to buy GPU's come summer time!

Here's how the project looks so far:

UBQ Owned	Current Price
183	$1.49

Investment	Current Value	Net Profit/Loss	Profit per Day
$565.73	$273.27	$-292.47	$-3.48

Price is down from last week and Ubiq is hovering around the middle of the pack in terms of project performance.

I feel like Ubiq is undervalued but until they get a big boost in exposure, I can't see it becoming a prominent coin. Still I'm happy to hodl and watch the coin grow and mature. Consider this a slow leisurely trip to the moon.