Topic: Why the profitability of all switching poll halving? (Read 601 times)
I'm seeing most Scrypt altcoins 1/4 to 1/3 less profitable than before the halving. Definitely not fun.
Main problem is that a lot of Scrypt hash is now going to these other Altcoins. Increasing their difficulty and lowering their value.
Then if actual Scrypt miners drop in price (which is happening fast) -- more people will be mining Altcoins -- sending the difficulty up even more.
Time will tell -- but it won't be overnight.
One key strategy right now is to buy Scrypt hash on the cheap. Use it to your advantage on certain coins and hope for a turn-around on LTC value.
you've been here since 2014, and you need to ask the question ? 
ever heard of "coin rape" and "multipool resistant" ?
ever heard of "coin rape" and "multipool resistant" ?
Thats why its suprising to me when i ask why people are buying those stupid farm boys and other scrypt hardware now of all times get thier panties caught up in a bunch and ask if im holding a huge amount of LTC or stupid shit like that.
I mean its common freakin sense the LTC price and mining is what props up the other alt coins in more ways by one, for one thats a whole bunch of hashrate that is not attacking those precious alt coins and 2 if you ever look at the charts over the last two years when LTC is high and profitable the other coins all reap the benifits.
Now don't get me wrong i expect the LTC price to apreciate in the next six months or so due to the reduced amount of supply thats pure economics it will go higher but not astronomical , I'm thinking back up to $8-10 or so, bascially just enough to support mining again.
But in the meantime expect prices of current scrypt hardware to drop, expect to see some cheaper titans and A2s hit the market BOOK it.
you've been here since 2014, and you need to ask the question ?
ever heard of "coin rape" and "multipool resistant" ?
ever heard of "coin rape" and "multipool resistant" ?
you've been here since 2014, and you need to ask the question ?
ever heard of "coin rape" and "multipool resistant" ?
ever heard of "coin rape" and "multipool resistant" ?
Why the profitability of all switching poll halving when LTC halving? If yesterday 24 MHs was 0.5 LTC mining altcoin except LTC now is only 0.25 exactly as mining LTC?
Thanks in advance W_M
Thanks in advance W_M
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