I asked this already, but there where no answers.
We have so much brainpower here, I think we should analyze whats going wrong with the value of VTC.
VTC and UTC has some similarities in my opinion, and I don't want to UTC happen the same.
ATM UTC is very stable compared to other new alts, would be good if we can maintain that.
I could never figure out why UTC was not valued higher. I hold a lot of UTC
In regards to VTC it's blatant market manipulation, but not for long.
why UTC was not valued higher,i think the most important reason is there are too many coins to be mined everyday,and if miners sold the utc at a low price,they still have profits which is more than mining ltc.that's why. IF the N factor be larger on 4/8 2014 the output of utc will be down and then the price of utc may be higher?do you agree?
N factor changes for everybody, so the coins mined will be the same.
So I guess that wouldn't make a difference till we are almost CPU-only.
Then we would have a shift to botnets and bastard admins with big networks, like HVC had in the first days.
Even with some Xeon servers I couldn't get much HVC with CPU mining, the distribution of the coin get unfairer with CPU-mining.
Most people could by a GPU rig, but not 100 CPU cores.
EDIT: sorry, may be a bit too off topic.
i do not agree,when the N factor bacome larger,then the flash of the video card should be more larger,and so some miner who have smaller flash of the card should mine other coin,then the output will be down
If I didn't get the crypto terribly wrong, the total coins mined wouldn't change with the N-Factor.
Only the distribution could change, some miners get less, some more.
Maybe you are right
When the time comes that it is profitable to mine with a CPU, I think a different type of person will start mining. For instance, I have little to no mining experience but would definitely take the time to learn if I can at least pay for my electricity using a CPU.
I did that with MaxCoin, someone created a website giving a tutorial on how to mine MaxCoin. Kind of like "how to mine for Dummies." It was really fun to do but was not really economical so I don't do it anymore. I would to do it for UTC if:
1) I could recover electricity cost
2) I could figure out how to do it.
3) It was benefiting the community.
It will be fun to watch how this develops. For now I am happy to be on the investing side, but it would be fun to do a little mining.