What do you pay for electric? $.60/KWh? I can mine with my potato and still make a profit. Anyways, a coin is never going to be worth much more than the average power cost to mint new blocks, so good luck on this coin ever being worth a satoshi if all you need to mine it is the GPU's RAM.
Yes, that's what I pay about..
I agree, coin price is bounded for mining costs. As long as it is pum&dump coin.
But my plann is try to kick this coin outside market.
You live in Hawaii don't you? I thought it was never profitable there except in early 2011? Anyways any coin is bounded by the mining costs, because miners will keep switching to it and dumping it until the price is in equalibrium with other scrypt coins, which are bounded by LTC, which is tightly bound to power costs. Bitcoin has a $2B market cap, and yet it is still mostly bound by power costs. No altcoin is going to become unbound before Bitcoin.
Some level price is bounded el cost endeed but..
When I start mining I got 2-4$ day profit with one GPU. FPGA and ASIC change that.
Then comes multipools, cpufarms and that's where we are standing now.
There is way to cover coins for multipools but not autosale ofcourse.
That's why gpu coin will need outside market. Actually all coins will. Pump/dump game is over and I'm just glad for that.
We speculate and I agree you speak reality, but many things we can't know what happen.
Otherwise everyone have lot of pizzas and right now everyone holding btc in pockets.
Best what we can do is do the best, and that is what I'm trying to do with this coin.
If you have ideas, i'm listen.
I don't live Hawai, fact is, gpu mining is not profitable on that moment anywhere. If we calculate HD invest, breakdowns, el cost, waist time, It's better shut down rigs a while.
And even if that coin will not never come more profitable to mine, it will be glad to marketing outside if it's best what we can do. And that way also mined coins may give exellent profit.
Coin which is maked thinking also end users and merchants, with the people who want to develope it on future too. I think it's good product to promote.
If we see this coin like company we have right focus. No great profits on first month... but we marketing that and we may get it on the big market. If not, maybe we get something else on this road.
But first need to start.