Topic: why are profits dropping so fast? (Read 3988 times)
hope they will be up again.
gridseed 
The fact is, a change to any coin's algorithm will make all the ASIC hardware worthless. This could be a selling feature of alt-coins in that they require general purpose and easily available computing devices to mine and are more fair to the general population.
people are scared. good time to buy though.
+1
"buy when there's blood on the street even if the bloods your own"
+1, Anyway we have now a huge release of useless new coins, aiming a single pump and dump; And with the Mt GOX issues, it will take time for a full market recovery.
When I look at http://coinmarketcap.com/2.html , places 100 to 140 ,I don't know what to do , laugh or cry.
Why do people continue to make those coins right now it's beyond me.
And those are the coins that got an exchanger , not the ones that are still in the dark.
people are scared. good time to buy though.
+1
"buy when there's blood on the street even if the bloods your own"
+1, Anyway we have now a huge release of useless new coins, aiming a single pump and dump; And with the Mt GOX issues, it will take time for a full market recovery.
people are scared. good time to buy though.
+1
"buy when there's blood on the street even if the bloods your own"
people are scared. good time to buy though.
There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining?
It is not killing gpu mining yet and if prices for scrypt coins keep falling the interest in paying up for these asics will wane. It basically takes, using round numbers, 10,000 khash/sec to make 0.1 btc per day. So those buying asics are in it for the long term to lower energy costs... Not a mad rush yet cause the numbers are not overwhelming to rush out and buy them.
There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining?
I should clarify and state that I think the current affect in the mining realm is that people are starting to consolidate costs in anticipation for the more powerful ASICs that are possible to be produced within this year; so that is affecting mining.
Currently, at the moment, there are Gridseeds, which are pretty solid (300 kH/s at 7 W/h) overclockable to 400 kH/s but I wouldn't say that those are enough to "kill" GPU mining for Litecoins and its clones. However, I feel fairly confident in at least one of the other major designers producing sometime this year. If (and despite my confidence, there is still a modicum of doubt) everything comes to fruition, that's looking at a possible influx of up to 200 GH/s within the first few waves.
There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Everyone is talking about them but are there really asics 4 scrypt on the market capable of killing gpu mining?
You guys want to take a look at DigitalCoin again. No premine, no scam, active development since June last year.
you can still reach roi pretty fast, just be there when a new coin is launched, that's all you need
And a pinch of luck. Not all coins are winners. Hehe.
There are multiple factors: the Mt. Gox insolvency and bankruptcy, the over-saturation of clonecoins, a lot of newcomers looking to get as much as possible with short-term gains, and Scrypt ASICs.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Don't get me wrong though, the profits right now are still pretty comparable to a year ago.
That said, don't expect to make ROI that quickly in general in the GPU mining scene.
Quote
wow dude, can't you argument on an objective way? I'm just trying to learn a little more about crypto. stop being such a moron.
I'm also seeing the altcoinmarket critical how it has been emerging the last weeks. I just want to know which factors might play a role for a price of altcoins compared to bitcoins (because they don't seem to have any viable role for future, except maybe new algorythms like VTC and so on)
Reaching ROI shouldnt be the bigger problem (as I don't calculate with ROI mainly at all) - and after all I'm also doing it to be part of that community and because I want to see where it will be lead to in the next months/years worldwide and political wise.
My reply to u is still the same. Go fuck urself. Ur a fucking hypocrite. Taking about learning crypto yet your post reeks of crying about dropping profits. If you were about the community you wouldnt be bitching.
While btc wallows around, the alts are weak too, even thought their values are pegged to btc and not to usd. Notice that the stock market is rising, as well as silver and gold. Could it be that the timid money has headed for the exits and that people have stashed their cash back in traditional investments? I think that with alts at lows, this is a great time to put btcs into promising alts and wait for the tide to rise again.
ALL CRYPTO COINS ARE DEAD
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.
I am thinking bitcoin is the biggest problem. when btc drops 10%, all other crypto drops 20% or 70%. and when we look coinwarz, the whole gang of SHA-256 coins are forever at the bottom of the profitability chart(I use 10GHz for SHA256 and 500k for Scrypt). ASIC takes over is not a good thing for SHA-256 in a whole. it is just a matter of time for it to finally kill bitcoin.
When are you all going to understand that mining isn't related to the price of the coins?
And when bitcoin we'll be "killed" you will kiss your sorry ass copy clones goodbye too.
Shitclones are dropping faster because people are getting scared and they rush to buy btc to convert them to usd. Simple as that.
the key phrase here is "convert them to usd", that is when ppl lose confidence on the crypto coin altogether.
the reason why the rest is falling faster, because
Devs? Don't use that word for the alt coins. There are so few real devs working on them i need to cut my fingers to count them properly.
agree. For a dev, it takes at least a couple months to learn about a protocol, and 1 year or 2 part time to develop something funny, or useful that can build up the follower base. The problem for all alter is, there are too many, changing face too fast. before someone spend time to understand the protocol, it has been dumped into abyss already. no real progress can be made. and no one bother to do it, the common sentence here is, we are all here for the money, right?
it is not just about shitcoin, it is about shit community too.
true lol.
ALL CRYPTO COINS ARE DEAD
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.
I am thinking bitcoin is the biggest problem. when btc drops 10%, all other crypto drops 20% or 70%. and when we look coinwarz, the whole gang of SHA-256 coins are forever at the bottom of the profitability chart(I use 10GHz for SHA256 and 500k for Scrypt). ASIC takes over is not a good thing for SHA-256 in a whole. it is just a matter of time for it to finally kill bitcoin.
When are you all going to understand that mining isn't related to the price of the coins?
And when bitcoin we'll be "killed" you will kiss your sorry ass copy clones goodbye too.
Shitclones are dropping faster because people are getting scared and they rush to buy btc to convert them to usd. Simple as that.
the key phrase here is "convert them to usd", that is when ppl lose confidence on the crypto coin altogether.
the reason why the rest is falling faster, because
Devs? Don't use that word for the alt coins. There are so few real devs working on them i need to cut my fingers to count them properly.
agree. For a dev, it takes at least a couple months to learn about a protocol, and 1 year or 2 part time to develop something funny, or useful that can build up the follower base. The problem for all alter is, there are too many, changing face too fast. before someone spend time to understand the protocol, it has been dumped into abyss already. no real progress can be made. and no one bother to do it, the common sentence here is, we are all here for the money, right?
it is not just about shitcoin, it is about shit community too.
ALL CRYPTO COINS ARE DEAD
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.
I am thinking bitcoin is the biggest problem. when btc drops 10%, all other crypto drops 20% or 70%. and when we look coinwarz, the whole gang of SHA-256 coins are forever at the bottom of the profitability chart(I use 10GHz for SHA256 and 500k for Scrypt). ASIC takes over is not a good thing for SHA-256 in a whole. it is just a matter of time for it to finally kill bitcoin.
When are you all going to understand that mining isn't related to the price of the coins?
And when bitcoin we'll be "killed" you will kiss your sorry ass copy clones goodbye too.
Shitclones are dropping faster because people are getting scared and they rush to buy btc to convert them to usd. Simple as that.
the key phrase here is "convert them to usd", that is when ppl lose confidence on the crypto coin altogether.
the reason why the rest is falling faster, because
Devs? Don't use that word for the alt coins. There are so few real devs working on them i need to cut my fingers to count them properly.
ALL CRYPTO COINS ARE DEAD
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.
I am thinking bitcoin is the biggest problem. when btc drops 10%, all other crypto drops 20% or 70%. and when we look coinwarz, the whole gang of SHA-256 coins are forever at the bottom of the profitability chart(I use 10GHz for SHA256 and 500k for Scrypt). ASIC takes over is not a good thing for SHA-256 in a whole. it is just a matter of time for it to finally kill bitcoin.
When are you all going to understand that mining isn't related to the price of the coins?
And when bitcoin we'll be "killed" you will kiss your sorry ass copy clones goodbye too.
Shitclones are dropping faster because people are getting scared and they rush to buy btc to convert them to usd. Simple as that.
the key phrase here is "convert them to usd", that is when ppl lose confidence on the crypto coin altogether.
the reason why the rest is falling faster, because all devs were focused on copying new coins, no real development happens in whole alt world. that is pure speculations for every one who read this thread.
ALL CRYPTO COINS ARE DEAD
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.
~BCX~
***True statements are always in caps, red and 16+ bold font.
Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.
I am thinking bitcoin is the biggest problem. when btc drops 10%, all other crypto drops 20% or 70%. and when we look coinwarz, the whole gang of SHA-256 coins are forever at the bottom of the profitability chart(I use 10GHz for SHA256 and 500k for Scrypt). ASIC takes over is not a good thing for SHA-256 in a whole. it is just a matter of time for it to finally kill bitcoin.
When are you all going to understand that mining isn't related to the price of the coins?
And when bitcoin we'll be "killed" you will kiss your sorry ass copy clones goodbye too.
Shitclones are dropping faster because people are getting scared and they rush to buy btc to convert them to usd. Simple as that.
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