Yeah, I already noticed on other clouds that you need 14/15Mhs to reach 1BTC per month now. A couple of weeks ago that was like 6 or 7 Mhs. It'll probably get worse the more useless copy coins pop up every day. At some point a lot of coins will start dying though, and by then it matters greatly which coins you already support and which not. I'm not familiar with the coin voting thing to add certain coins to Genesis-Mining, but I hope those coins are chosen on more then just current popularity or hype.
Well let me just say everyone worrying about all the copy coins and the number of them EVERYDAY keep in mind there are 1gh/s scrypt and scrypt N machines less then 4 months out YES 1 gh/s you all better be glad these "NEW COPY" coins are coming out ALL THE TIME. Because there won't not be much to mine if all this power was unleashed on just the mainstream coins. The more coins the more the hash can spread out, The more choices in investments the more investors. The more investors the more money that can get into your pocket. So rethink the negative opinions regarding all the altcoin/copys Just say NO TO SCAM COINS LOL!!!
You really believe that the more coins there are, the more investors will come?! If a new investor might get interested in cryptocoins, he'll be confronted with thousands of different coins that all claim to be the next best thing while 99% isn't. Basically this means NO new investors, and if there is new money then it will go to coins that have proven themselves already. The new coins are mostly invested in by experienced whales for quick profit in the first weeks/months. Put in 25 BTC, slowly, to make people believe it's rising to the moon, make them want to buy. Let them buy your cheaply bought coins and pull out with 50 to a 100 BTC, depending on the craze and greed of the masses, and then stay out! One month work for at least 15K profit. More coins will come, rinse and repeat. It's the same investors, over and over, funded by the masses who then keep a coin alive long after it died. New investors? Barely. A bunch of people who can spare a few bucks, that's all. The more coins, the more dilution, and the less interesting for new investors, the less new money will pour in.
As for bigass miners, you really think people will use those for coin number 233414 or coin 42173?! They'll mine at big multi pools or (solo)mine the bigger and proven coins. Nobody is going to aim 500Mhs at Doodycoin or whatever coin is out there that nobody cares about. Result? Main stream coins will be harder to mine for most, and since investment gets more and more widespread, those mainstream coins will continue to drop in value and trust, taking all and every other coin down with them.
That's negative? Nope, that's probably reality.