Topic: Altcoins dying???? - page 10. (Read 10859 times)
Surely if mining is becoming more difficult then alt-coins can't be dying and must be doing the exact opposite - more competition means more interest amongst investors/miners etc
So what you are all saying is mining is basically dying right?
it may be.. but the alt-coin is the middle class man's free market. we are the free market. we decide. if alt-coin dies, something else will be born from it's ashes.
Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?
Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the last summer tells me so.
We will see.
So what you are all saying is mining is basically dying right?
this altcoin craze has been going on for about 8-9 months now, probably people that are trading BTC or LTC for these altcoins are starting to realize that they are just holding big bags of worthless crap.
what do you mean alot more alive then ever? Yes more people might know about them but soon they're going to be SO FRICKING hard to mine (I speculate in 1 month a 1.5 MH/s miner will get you $5 a day that it's going to be like bitcoin mining. What do you think? I mean past 2 weeks the profit dropped by half. Will it ever go back up? ANd BTC's nearly 1000 again.
The altcoin market has been flooded with new altcoins recently; after the succes of doge, there seems to be a mentally among folks , if they can do that with a funny meme, so can I, of course all these new allcoins launchers have done nothing to boost demand for their altcoin, like doge did, doge got a whole buch of new users interested in their coin, (the 4chan kids for example). that otherwise would have never gotten into altcoins.
So what we are seeing in the altcoin market is a torrent of supply of new altcoins, with no new demand hitting the market, so of course all these new altcoins not gonna be worth much and are not going to repeat the success of doge.
Unless of course the makers of a new altcoin, will find a hole new source of demand for their new altcoin, but that means innovative marketing, and a couple of threads on this forum is just not gonna cut it.
So what we are seeing in the altcoin market is a torrent of supply of new altcoins, with no new demand hitting the market, so of course all these new altcoins not gonna be worth much and are not going to repeat the success of doge.
Unless of course the makers of a new altcoin, will find a hole new source of demand for their new altcoin, but that means innovative marketing, and a couple of threads on this forum is just not gonna cut it.
The price of bitcoin is slightly lower, and the network hashrates have increased drastically. Haven't you noticed everyone is sold out of Radeon graphics cards? It makes it harder to make your ROI when you buy mining hardware now, but Altcoins as a whole are more alive than ever.
altcoins are in confused seas.
around Nov. everyone got insane over litecoin. all the cards on the market got sold out and they started mining in late nov/early dec. difficulty skyrocketed (i think LTC tripled difficulty in Nov). These days you get casual miners adding 100khash here and there. it's this new baseline hashrate that has really changed the economics of mining, and made it more difficult.
at the same time, 50 altcoins became 150 altcoins, and hundreds more variations are on their way. this will spread out what money is set aside for people's altcoin investments, and will dilute profitability amonst the new coins. people are leaping on new coins due to the low initial difficulty allowing them to hoard lots of worthless altcoins on the off chance they'll be the next dogecoin.
it helps to see the market being under a gold fever: everyone wants to get rich quickly, but everyone's lost common sense and the ability to do simple math.
around Nov. everyone got insane over litecoin. all the cards on the market got sold out and they started mining in late nov/early dec. difficulty skyrocketed (i think LTC tripled difficulty in Nov). These days you get casual miners adding 100khash here and there. it's this new baseline hashrate that has really changed the economics of mining, and made it more difficult.
at the same time, 50 altcoins became 150 altcoins, and hundreds more variations are on their way. this will spread out what money is set aside for people's altcoin investments, and will dilute profitability amonst the new coins. people are leaping on new coins due to the low initial difficulty allowing them to hoard lots of worthless altcoins on the off chance they'll be the next dogecoin.
it helps to see the market being under a gold fever: everyone wants to get rich quickly, but everyone's lost common sense and the ability to do simple math.
Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?
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