It's only that way because someone's willing to pay a heck of a lot more than cost for ETH. Every time that's happened with BTC it crashed shortly after - remember Nov 2013 to Feb 2014? Your rig is far better at mining something not Bitcoins than the S9 is, but it sucks at mining bitcoins. It's only able to revenue more bitcoins than an S9 because of an unlikely and probably unsustainable favorable exchange rate between the two coins. The BTCs you get in exchange for ETH, someone first had to mine those the hard way.
If Ethereum sticks around, proves viable and is accepted as a currency instead of traded or stockpiled as an asset, it may get my support. But until then I'll keep backing the direct mining of the coin I actually want - a coin I can actually spend on something that isn't just another coin.
not that i disagree but you are leaving out the fact that btc/asic is anti gpu/pc components.
My feeling here is that bitmain avalon and biftfury may have awakened a multi headed beast
look at the companies in thread below :
https://bitcointalksearch.org/topic/why-gpu-alt-coins-like-zec-are-good-to-mine-and-should-stick-around-1833839 I still think all of this can work for all of us and we are seeing the fact that the companies in the thread above see what I see a cheaper way to acquire btc then using asics and a way to sell their gear to us.
The year of 2017 has a lot of action headed our way.
I look to have some of all miners to spread risk.
Well,I can't post in that thread,it's locked sooo:
I like GPU mining because I can BUY GPU's almost anywhere & get em at competitive prices ANYTIME I WANT ONE!!!
I like GPU mining because I can mine a coin that more than likely won't be taken over by a device I can't afford or can only get from one maker.(a corp entity can still buy a shitload of GPU's though,but it'll cost em)
I like GPU mining because it is mining ANYONE can get into it.
I like GPU mining because I can resell my GPU's for almost what paid for them 6 months later.
I like GPU mining because I get up to a 3 year warranty.
Seriously,Bitcoin was the first,I had faith in it when WE THE PEOPLE had control over it,so to speak,we had the majority hashrate....those days are over
Really hoping ANY altcoin will catch up with Bitcoin..................
