Mining is not profitable because of the high block rewards, just think when the block rewards were low mrc was trading at .00000450 and ppl thought that was a crap price well look at it now... I know this is a good buying opportunity and who ever got to buy at .00000025ltc was a lucky guy. I guess my only problem is that the more this coin inflates the less value my early mined coins become. I have a huge chunk of these coins, I guess that's why I am willing to actually sell real gear for this coin because services is what really matters when it all comes down to it
Yield does not depend on the number of coins in the block. Yield depends on the demand for the coin.You can say that to yourself all you want but it does depend on reward produce V.S. demand. Their was some good buy support at 4-5 satoshi, and it was destroyed by profit miners. If the coin was not inflating so rapidly those buy wall would still be standing so yes it does matter. Think about the ppl who bought at 15 satoshi you think they be telling their friends to come and join our community?
Of course when there is an actual demand then limited supply helps pushing the price.... but lots of people thinks scarcity alone is a guarantee for a good price.. also the price people think a coin is actually worth makes me often laugh.... basically all alt-coins are nothing more or less then a number on your screen. If not enough people agree it's worth something it is worth Nothing.... If I take a crap in a pan, this is a unique piece of work and still worth shit.
Yeah, that's been the problem. Everyone here has been silently mining in anticipation of a huge demand.. But nobody bothered to try to generate the demand. Nobody has gone out and tried to tell the world why they should buy in.
