Thats kinda how I feel. The way I see it, all alt coins are worthless based on the fact they have no real economy beyond mining speculation. Until that changes, BTC will remain king and alt coins have no hope of a future.
But at the same time, if ur good playin the trading game you can make a killing off other miners speculation through dabbling in alt coins.
I just dont find the trouble worth it most of the time. =P
Topic: Mining altcoins for "profitability" is stupid. - page 2. (Read 4560 times)
Troll harder
i don't think bitcoin will ever fade away. I think it has solidified itself as THE cryptocurrency. All of the altcoins wouldn't be worth anything if they didn't exchange for bitcoin.
So this comment in another thread got me thinking... why go through the hassle of the conversion from alt->bit to extract value vs just using bitcoin?
What would make an altcoin more valuable to a miner than just working the hashes on the bitcoin blockchain?
Outside of idealism and wanting to support a new idea/implementation in one of the alt's, why would someone bother?
Not trying to talk smack - genuinely trying to figure out if switching my hashpower to something new would be worthwhile.... and if so, why.
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