Good news! As you know, the recent difficulty jumps and stagnant BTC/USD price has left GHX with a razor-thin profitability margin. The team has been discussing the situation, and we’ve decided to expand beyond SHA256 ASICs in the farm. We have already placed orders for a number of Scrypt ASICs (they should arrive in the next week or so), and GPUs. Adding new algorithms to the farm will allow us the flexibility to follow the profitability curve of more than just Bitcoin.
So what does that mean for you, our loyal community members? GHX will transition to a multi-algorithm asset! Each GHX will still represent a static amount of real hashing power, just as it does today, but that static value will depend on the algorithm being mined by the farm. The GHX asset itself will remain exactly as it is today - you’ll hold, use, and trade it the same as you always have, and you’ll still receive dividends in Bitcoin. So really, nothing changes for you (other than hopefully a higher payout), all the leg-work is on us.
Values for each GHX in every available algorithm are still a work in progress, as there is no good math to simply convert hash power from one to another. As we add algorithms to the farm, and start to see real results on actual hardware, we’ll be able to determine those values and, of course, communicate them.