@AnonymousEconomist the cost might be a little high right now, because a lot of people rented rigs and the diff is really high. I think it will drop in a few days, and more people will be able to mine!
A lo of people are asking to buy/sell already, so help us get listed on Bittrex!
Retweet this:
https://twitter.com/EliteCoinDevs/status/491798731285868544
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A lo of people are asking to buy/sell already, so help us get listed on Bittrex!
Retweet this:
https://twitter.com/EliteCoinDevs/status/491798731285868544
Or send them a personalized tweet! Or an email!
The profitability is too low. You should defend the rig renter's investment as well. I believe this will be dumped for pennies compared to the mining cost for your average person. Sigh.
I think some people will dump the coin, as they always do, but I believe the price will be high a few days later with this one! Personally, I will hold my ELITE, I don't want to sell them so cheap.
High hash rates give new coins their initial value. That's why it is good to reward the miners. It costs about .1 btc per 1 ELITE with the most efficient miners for rent
