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Topic: Altcoins dying???? - page 2. (Read 10859 times)

sr. member
Activity: 420
Merit: 263
let's make a deal.
January 12, 2014, 10:29:44 PM
This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.
better tech is here.  also, computer equipment gets obsolete incredibly quickly.  

Nothing will make money forever.  I have no idea if the return on mining will even be consistent week-to-week right now.  The only way to build up insurance is to minimise your costs as much as you can, in order to minimize loss in case you cannot break-even.  The biggest pitfall for miners right now is overpaying on video cards.  a 280x that should have been $300 is now $400.  $15/day will take that much longer to break-even, and may push past the point of obsolescence. When jacked-up video card costs are combined with uncertain returns in the future there is no certainty in mining.  

however, if you can build rigs that are sustainable and within budget, i think 100 days to break-even is possible right now.  it might all have changed by tomorrow, though.
full member
Activity: 156
Merit: 100
January 12, 2014, 09:53:33 PM

I've noticed there are a bunch of coins that keep going up over time. And a bunch going down.
And some are doing both.

If that is dying then I like it.

at this point, NOTHING's going UP over time.
full member
Activity: 156
Merit: 100
January 12, 2014, 03:34:50 AM
betacoin is not the best SHA-256 alt coin sir, it is one of the best, probably top 3 but not the best for profits, I find emark to be VERY stable and profitable.
sr. member
Activity: 266
Merit: 250
January 11, 2014, 04:14:27 AM
Have you heard of Betacoin?

If you did you shouldn't had this question at the first place. Smiley
legendary
Activity: 1386
Merit: 1023
January 11, 2014, 03:51:33 AM

I've noticed there are a bunch of coins that keep going up over time. And a bunch going down.
And some are doing both.

If that is dying then I like it.
full member
Activity: 156
Merit: 100
January 11, 2014, 03:34:54 AM
Me too, I'm also stating the same thing is happening with SHA-256 coins as well :/
member
Activity: 84
Merit: 10
January 11, 2014, 12:25:02 AM
I'm talking about scrypt coins, not SHA-256. Anyway, prices seem to be going up today, and with so many of them out there now many have *very* reasonable difficulties. I ordered more parts. I can build a new box for $245, using an old case and the only extra cost in the PS < $50 and of course the R9 280X ($400). The last one is the killer, so it's still around $650. Looks like ROI in about 80 days, and if these alt cryptos go up, maybe less. I don't see the R-90's being worth the extra price per hash.
full member
Activity: 156
Merit: 100
January 10, 2014, 04:07:57 PM
It seems that EVEN if you buy a 3TH miner in a few months it will have NO value at this point.
full member
Activity: 156
Merit: 100
January 10, 2014, 02:59:25 AM
This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.

Exactly what I'm trying to figure out, hopefully the hardware we have right now will be good for a while and coins will be more profitable again.
member
Activity: 98
Merit: 10
January 09, 2014, 06:56:26 PM
This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.

well you will also have to remember that the part you buy have a resale value
right now at least on Finland used gpu are like 90% worth compared to new one
ofc if scrypt mining slows down the value of the gpus also does but i dont think to much
so i would think that you would atleast get back 50-60% from the hardware
so your roi calculations are bit off i would assume  


going to invest for new hardware shortly Smiley
member
Activity: 84
Merit: 10
January 09, 2014, 06:51:21 PM
This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.
full member
Activity: 156
Merit: 100
January 09, 2014, 04:18:16 PM
everythings dropping and dropping and dropping, well hopefully it'll rise.
newbie
Activity: 28
Merit: 0
January 08, 2014, 01:22:28 AM
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?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

I personally believe that this year bitcion will take off, and when it does the alt-coin which will benefit the most is litecoin. So mine LTC now before the difficulty rises suddenly and drastically.
legendary
Activity: 968
Merit: 1000
einc.io
January 08, 2014, 01:12:07 AM

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

I'm a pretty big fan of Earthcoin,  Its not perfect and I have mined it solid basically since launch.  However now that I have a little pouch full of EAC I am going to start mining something else,  Either LTC or BTB likely and let it ride for a while so I don't have to babysit my miners as much. 

I like EAC, but maybe you should mine it for a few days and then do WDC?   I think diversity can be healthy too!
full member
Activity: 156
Merit: 100
January 07, 2014, 09:32:42 PM
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?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?
sr. member
Activity: 336
Merit: 250
January 07, 2014, 04:37:21 PM
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?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.
hero member
Activity: 826
Merit: 501
in defi we trust
January 07, 2014, 04:13:16 PM
It's coming. Wink

Coming or cumming?
Btw , I heard that porn website are embracing bitcoin and not sexcoin. Who would have guessed?!?!?!
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
January 07, 2014, 04:11:48 PM
It's coming. Wink
hero member
Activity: 826
Merit: 501
in defi we trust
January 07, 2014, 04:10:35 PM
Avg. transaction value for Litecoin is $110775?!?!? Wat?!?!

Big wallet moving his coins. Simple.

Btw  , where's your sexcoin situated against those three?
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
January 07, 2014, 04:07:43 PM
Avg. transaction value for Litecoin is $110775?!?!? Wat?!?!
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