Difficulty 1200 Price 200 not good for mine. And wall on coinsmarkets with 100k pieces price 200. Just funny. Something needs to be done otherwise it will roll down and no one will want to mine it.
Forgive me for any mistakes, but here's my rough math:
Current NetHash according to poly.suprnova.cc: 33,168.00 MH/s
Hash of one 1080Ti (low-end estimate): 35 MH/s
So one 1080Ti gets 0.1055% of all supply.
Daily supply is 300 POLY/block * 480 blocks/day (3 min blocktime) = 144,000 POLY/day.
One 1080Ti gets 0.1055% of that = 152 POLY.
152 POLY at 200 sats at $10k BTC price = about $3.03 USD/day.
So one 1080Ti can make about $3 in one day mining POLY if the intent is to instantly dump it.
This is only slightly below what other alternatives are worth right now. Other GPU coins right now like HUSH, ALTCOM, VERT, are pulling about $3.50/day for a 1080Ti. But those have been a little more volatile for returns, and it also means that if POLY becomes worth even just 240 sats, it already becomes one of the best GPU mining coins.
Really I think the answer is that people should stop selling below 240 sats, or they should mine something else because they will do better. I'm mining in the hopes that the announced Yobit listing lifts the price to something between 300 and 2000 sats. It will easily be the best coin to mine in the short term if that happens, though I understand this is an investment risk so I could also end up with nothing.
Your calculations are impressive. To increase the price, a coin should be bought. Tell me do you want to buy this coin? .... So I have no desire. You need a reason, so that you and I want to buy it, but it's not there, and a wall of 100k coins for 200 is a limit so that it does not fall to the bottom at all.
People buy in the hopes that the coin gains utility and adoption for a pseudo-fiat purpose one day. Why is anyone buying HUSH? VERT? It's speculative for now, and many coins will fail, but some will succeed. People buy for that chance, and the price increases as the chance increases. If you only want to put money in established coins with an existing purpose, by all means, limit your buying to the top-10 cryptos. You will do quite well. Some of us want to try to do even better than that. It's hard, but it's not impossible.
could not have said better myself. you are smart good sir.
many times i have invest into a new coin to have it not work exactly as i think it may... but also many times i do so, and i get big reward because coin DOES go somewhere and become something people like.
with poly, is no brain required for me personally to buy coin at 200 sat... price very low for what this coin is going to become. but i do know how many people are working and what all they are doing for the most of things.
speculate on this coin, even just fair launches that are actually fair are hard to come by, but this coin is so new already has a service coming and custom discord bot developed and being improved, also fairly launched and new algo... that alone makes is more valuable in my mind than many others.
there are coin with huge ico or big premine that simply pay creators most of the money made that are valued at such high and stupid prices, this one everyone has a good chance of getting a good amount of coin at beginning, as much chance as anyone else. Already is much better.
it should be pretty obvoius now that there are at least some people backing and supporting coin, services soon to be offered, new development happening, yobit listing paid... these things do not come from magic. should show that there are people putting time and moiney into doing things for the project. why would they do this if they didn't want to see it succeed and become what it can be. the answer is they would not.
so feel free to FUD and say whatever you like... truth is often much different than negative people not wanting anything to become real and long lasting.
obvious things to me are seen with this project that make it no decision to buy at low prices people willing to sell at now. only 2 million coins around right now, and only a few million a few weeks coming, is not a lot... look at coins like XRP and XEM with HUGE amounts of coins existing and their price is 2-3k sat, what value do they bring other than speculation?
here you have chance to get into new project at very low level stage, with infinite opportunities to go up, many things already being developed, and services ready to be offered soon.
i think chances are better here.