ALTERNATIVE: Mine namecoins. Current difficulty is 55,880 and will be dropping in the next set of 2016 blocks. The last difficulty was about 15000 and it shot up more than 3 times.
In the long term I see that namecoins will follow the path of bitcoins closely. There is one particular site where you can exchange your bitcoins for name coins and vice versa. Value is determined first by difficulty ratio between two networks then of course the demand of the market (buying or selling).
There are a couple of mining pools for namecoin. I will be having one up soon.
But you can join theirs and use your current hardware to mine for namecoins and when the ratio at the exchange goes up you can exchange them for bitcoins.
Just two weeks ago the it was 2.5x more profitable to mine namecoins at difficulty 15000 and exchange them for bitcoins.
If i'm not mistaken at the time I could mine namecoins for 1 full day with my 4.1 GH/s and get about 260 name coins and exchange them for about 10 to 12 bitcoins.
Just my 0.02 BTC.
Topic: Sell your bitcoin hardware! (Read 1324 times)
Who cares about the difficulty if the market crashes? =)
Option 3) Troll thread
Difficulty has risen too high to be profitable, sell your hardware now! If you bought from newegg, refund.
Is this a buy thread? or a demand thread?
Difficulty has risen too high to be profitable, sell your hardware now! If you bought from newegg, refund.
Jump to: