IS mining other crypto currencies is still profitable?
yes
that depends !
what's your mining hardware ?
Topic: Is mining toast? (Read 2067 times)
yes
that depends !
what's your mining hardware ?
In the article posted by the OP, the person being quoted is making a value proposition for Ripple by describing it as having the basic properties of a DAC, but the entire analysis neglects the fact that Ripple has a central point of failure.
Ripple could "succeed" if regulatory authorities decide that that fact gives them the ability to subvert and control it, or Ripple will die faster than anything you've ever seen in this space if authorities decide to go after it.
Ripple could "succeed" if regulatory authorities decide that that fact gives them the ability to subvert and control it, or Ripple will die faster than anything you've ever seen in this space if authorities decide to go after it.
thanks for posting that - there's still several things I don't like about Ripple after reading it, but I'd rather make that decision from a more educated position!
That site is ridiculously biased... I wrote a post rebutting Ripplescam: http://crypt.la/2014/01/22/unexposing-the-ripple-scam-rebutting-ripplescam-org/
Altcoin mining will be profitable until hash rate goes up too much.
Or maybe people will then make another clone and start the pump and dump again
Altcoin mining will be profitable until hash rate goes up too much.
Or maybe people will then make another clone and start the pump and dump again
I think I formed most of my opinion by reading this:
http://ripplescam.org/
http://ripplescam.org/
People have thought ripple is a scam ever since the first news of it came out.
Also has like trillions of coins so, there's that.
Also has like trillions of coins so, there's that.
I don't know if this is very elegant design (having not read the Satoshi original design doc) but mining should never be "toast"
Mining has to stay profitable as I understand it - at least whilst there are still coins. Purely because if it becomes too difficult to make money, people stop mining, the difficulty decreases and it becomes profitable again.
I also believe there is a future for alt coins - whilst people/organisations have different scales of mining capabilities, and exchanges to trade up to whatever coin, then there is a role for alt coins for lower scale miners to still mine cryptocurrency
Ripple on the other hand is just.....horrible....
Mining has to stay profitable as I understand it - at least whilst there are still coins. Purely because if it becomes too difficult to make money, people stop mining, the difficulty decreases and it becomes profitable again.
I also believe there is a future for alt coins - whilst people/organisations have different scales of mining capabilities, and exchanges to trade up to whatever coin, then there is a role for alt coins for lower scale miners to still mine cryptocurrency
Ripple on the other hand is just.....horrible....
Two questions. Why has bitcoin difficulty never dropped? According to the blockchain chart, i dont mean short run. Its pretty much a parabola.
And why is ripple horrible. I need an exchange based platform to do business with. I am pretty naive on the details so what does work. Bitcoin dont work because i cannot hedge price risk. Ripple looks like the right thing but the hate is widespread so can give me your two cents on why i shouldnt go that route and where to go instead?
I don't know if this is very elegant design (having not read the Satoshi original design doc) but mining should never be "toast"
Mining has to stay profitable as I understand it - at least whilst there are still coins. Purely because if it becomes too difficult to make money, people stop mining, the difficulty decreases and it becomes profitable again.
I also believe there is a future for alt coins - whilst people/organisations have different scales of mining capabilities, and exchanges to trade up to whatever coin, then there is a role for alt coins for lower scale miners to still mine cryptocurrency
Ripple on the other hand is just.....horrible....
Mining has to stay profitable as I understand it - at least whilst there are still coins. Purely because if it becomes too difficult to make money, people stop mining, the difficulty decreases and it becomes profitable again.
I also believe there is a future for alt coins - whilst people/organisations have different scales of mining capabilities, and exchanges to trade up to whatever coin, then there is a role for alt coins for lower scale miners to still mine cryptocurrency
Ripple on the other hand is just.....horrible....
Altcoin mining will be profitable until hash rate goes up too much.
However the price of coins seems to be pretty well attached to difficulty so that might not happen.
However the price of coins seems to be pretty well attached to difficulty so that might not happen.
Most alt currencies are still profitable for miners... there are sites to calculate profits 
Ripple will rule? How much Ripple currency is there? Apparently there is no way to check, so the owners could have trillions for themselves.
The general asset class value of BTC is directly related to the expense of the resources needed to mine it. If you could mine gold or diamonds with a $10 shovel in your garden those commodities would devalue as the ease of mining meant the supply of gold and diamonds would shoot up.
Labor theory of value has always been wrong.
The general asset class value of BTC is directly related to the expense of the resources needed to mine it. If you could mine gold or diamonds with a $10 shovel in your garden those commodities would devalue as the ease of mining meant the supply of gold and diamonds would shoot up.
Yet, back then, they used cheap shovels to mine...and the price still went up.
The general asset class value of BTC is directly related to the expense of the resources needed to mine it. If you could mine gold or diamonds with a $10 shovel in your garden those commodities would devalue as the ease of mining meant the supply of gold and diamonds would shoot up.
IS mining other crypto currencies is still profitable?
yes
IS mining other crypto currencies is still profitable?
There is literally zero content in this article that has any relevance to anything remotely resembling any kind of actual analysis about the merits of Bitcoin vs. Ripple.
I do think Reyes is making the point that the ripple (as a protocol) has more utility because you can use it to transfer almost anything of value. His own currency (XNF) trades on ripple, but he also mentioned stocks and bonds. I think we're in the very earliest stages of seeing what starts trading on ripple exchanges... It's going to be pretty impressive.
This article is just shameless altcoin pumping quoting somebody with the most obvious vested interest in pumping the value, nothing to see here.
The statement about mining is so facile it's not even clear where to begin dismantling what this article is saying.
There is literally zero content in this article that has any relevance to anything remotely resembling any kind of actual analysis about the merits of Bitcoin vs. Ripple.
The statement about mining is so facile it's not even clear where to begin dismantling what this article is saying.
There is literally zero content in this article that has any relevance to anything remotely resembling any kind of actual analysis about the merits of Bitcoin vs. Ripple.
Fair enough, but ripple has a place for me as a utility and was not familiar with nfc. Arguments aside, last I checked the global economy is around $50 trillion. That is annual, as measured in transaction ultimately. There is a lot of room for a lit of players. The notion that "there can be only one" is in itself an entirely self serving position. In fact there must be many, else we will have hegemony again.
I dont own ripple but the concept is intriguing, and until bitcoin finds its value it is functionally useless for several of my purposes in the space.
Carry on...
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