Every one is saying that scrypt mining is not profitable anymore, especially for those using graphics cards, and I agree.
right now it is at about 1 dollar (US) per megahash of hashing power. So unless you have 100 motherboards running with 5 7950's, it isn't profitable to be running any units.
They are also saying that by the time we get our 300Mh machines form knc, it will, again, be even ,more worthless, because they are going to premine the units (making them USED units not NEW units, as they(knc) say) and that alone will drive the price of alt-coins down even further than they are, already. Not to mention, difficulty, etc making it harder to mine them, and the price(s) declining on it's/their own.
So when will any coin rise to the value of btc, or even ltc, or even a buck, besides those who already hit that platform and are on their way down with the rest?
Even the ones that have been there longer than most (LTC, FTC, INF and more) have lost so much value it isn't worth stock piling them any more. Thousands, hundreds of thousands and even millions of these coins are now worthless.
If I just buy coins and trade them it is not even close to profitable, as 99% of alt-coins lose value every day.
What will drive the price up? (please don't say pump and dump, that is fraud and is against the law, just like for stocks, and I hate those words). Those words, in themselves have probably driven the price down, MORE, on all coins, than any other words. Only the people who are in on the scam will profit, from pump and dump, anyway. And if you believe this is all just a pump and dump scheme, just say so now, so we can let the word know this is all just a well conceived scam.
When will it ever be profitable again?
And what is the new frontier?
$1 her mhs? I'm getting close to $2/mhs daily and a lot more with new coins....
