I think SIGT will increase in value with the next reward halving.
Why? Because miners will mine it to OWN it as opposed to mining to to turn it over into another coin. At least they will not mine it for short term trade value at CURRENT levels.
I first mined it because it was more profitable than ETH at the time. I was planning on mining for a day, then if ETH was worth less in terms of my mining capabilities, selling it to buy ETH.
So, let's just play the game mentally. I mine SIGT when it was bringing in 12-13 dollars per rig per day as opposed to 10 per day in ETH. Easy call for someone with only short term goals. And, as long as SIGT pays more than ETH it would attract miners whose only intent is to SELL. Once the selling has overwhelmed the market, SIGT dives to around 7 bucks a day per rig. At that level, nobody would choose to mine SIGT as a proxy for ETH. The difficulty drops and the selling stops. And, Warren Buffet's adage about the markets rewarding the patient and punishing the impatient could once again be proven true.
At halving, the daily rewards are going to get crushed at first. NOBODY will entertain the thought of mining SIGT as a proxy for another coin. UNLESS... the coin's value roughly doubles. And, given the absence of sellers, a doubling is not at all out of the question.
BTW, my goal was to mine SIGT exclusively for the first 60k blocks. Almost there. Will reevaluate at that point in time based upon how the coin value responds after the initial shock of the halving.
I think SIGT will increase in value with the next reward halving.
Why? Because miners will mine it to OWN it as opposed to mining to to turn it over into another coin. At least they will not mine it for short term trade value at CURRENT levels.
I first mined it because it was more profitable than ETH at the time. I was planning on mining for a day, then if ETH was worth less in terms of my mining capabilities, selling it to buy ETH.
So, let's just play the game mentally. I mine SIGT when it was bringing in 12-13 dollars per rig per day as opposed to 10 per day in ETH. Easy call for someone with only short term goals. And, as long as SIGT pays more than ETH it would attract miners whose only intent is to SELL. Once the selling has overwhelmed the market, SIGT dives to around 7 bucks a day per rig. At that level, nobody would choose to mine SIGT as a proxy for ETH. The difficulty drops and the selling stops. And, Warren Buffet's adage about the markets rewarding the patient and punishing the impatient could once again be proven true.
At halving, the daily rewards are going to get crushed at first. NOBODY will entertain the thought of mining SIGT as a proxy for another coin. UNLESS... the coin's value roughly doubles. And, given the absence of sellers, a doubling is not at all out of the question.
BTW, my goal was to mine SIGT exclusively for the first 60k blocks. Almost there. Will reevaluate at that point in time based upon how the coin value responds after the initial shock of the halving.
You could have just mined ETH and buy SIGT.
ETH is profitable than SIGT right now. I mined SIGT @ 1st week and it was more profitable than ETH by 2 or 3 Times
I stopped mining SIGT after the Crowetic Inverview and I learned about his involvement with Burstcoin Scam
I researched deeper with the main DEV Doc and he cursed a lot that I can't bear it. He also Brag about his connections to NSA and taking down a Node with just Raspberry (not DDOS)
Doc was also on vacation when the Price of SIGT crashed
