Bitcoin Forum

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

altcoins are in confused seas.  

around Nov. everyone got insane over litecoin. all the cards on the market got sold out and they started mining in late nov/early dec.  difficulty skyrocketed (i think LTC tripled difficulty in Nov). These days you get casual miners adding 100khash here and there.  it's this new baseline hashrate that has really changed the economics of mining, and made it more difficult.

at the same time, 50 altcoins became 150 altcoins, and hundreds more variations are on their way. this will spread out what money is set aside for people's altcoin investments, and will dilute profitability amonst the new coins.  people are leaping on new coins due to the low initial difficulty allowing them to hoard lots of worthless altcoins on the off chance they'll be the next dogecoin.  

  it helps to see the market being under a gold fever:  everyone wants to get rich quickly, but everyone's lost common sense and the ability to do simple math.  

The price of bitcoin is slightly lower, and the network hashrates have increased drastically. Haven't you noticed everyone is sold out of Radeon graphics cards? It makes it harder to make your ROI when you buy mining hardware now, but Altcoins as a whole are more alive than ever.

The altcoin market has been flooded with new altcoins recently; after the succes of doge, there seems to be a mentally among folks , if they can do that with a funny meme, so can I, of course all these new allcoins launchers have done nothing to boost demand for their  altcoin, like doge did, doge got a whole buch of new users interested in their coin, (the 4chan kids for example). that otherwise would have never gotten into altcoins.

So what we are seeing in the altcoin market is a torrent of supply of new altcoins, with no new demand hitting the market, so of course all these new altcoins not gonna be worth much and are not going to repeat the success of doge.

Unless of course the makers of a new altcoin, will find a hole new source of demand for their new altcoin, but that means innovative marketing, and a couple of threads on this forum is just not gonna cut it.

what do you mean alot more alive then ever? Yes more people might know about them but soon they're going to be SO FRICKING hard to mine (I speculate in 1 month a 1.5 MH/s miner will get you $5 a day that it's going to be like bitcoin mining. What do you think? I mean past 2 weeks the profit dropped by half. Will it ever go back up? ANd BTC's nearly 1000 again.

this altcoin craze has been going on for about 8-9 months now, probably people that are trading BTC or LTC for these altcoins are starting to realize that they are just holding big bags of worthless crap.

So what you are all saying is mining is basically dying right?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. :) We will see.

it may be.. but the alt-coin is the middle class man's free market. we are the free market. we decide. if alt-coin dies, something else will be born from it's ashes.

Surely if mining is becoming more difficult then alt-coins can't be dying and must be doing the exact opposite - more competition means more interest amongst investors/miners etc  ???

If alt-coin is the middle class' free market, then the upper class will come by and stomp on the middle class' sandcastle.  where do you think the whales come from?  they're not big-boned middle class folk.

When BTC goes up. Alts go down.

Makes sense. It's math!

so my 100GH/s SHA 256 RIG will survive lol?? I only mine altcoins (most profitable) same goes with my 20 MH/s scrypt FARM?? So as long as new coins are comming out your hardware will survive lol? Then why are they dropping like mad right now, two weeks ago they were $40 a day for every 1.5 MH/s

Altcoins aren't dying, they're in a frenzy...

So do you guys think my 100 Gh/s SHA 256 miner and my 20 MH/s scrypt mine will survive for a while on the most profitable alts? or will they be useless in the next month or two or whatever lol.

Your daily earnings someone should pay. Don't worry, I don't pay your daily earnings now :) I will pay 1/10 of your daily break-even :) . Ofc, your rigs will survive too :)

I'm sorry I did not understand any of that, might have read it wrong.

Not dying,  I think they are hopping actually.    I think Alt-coin is the new wild-west,  fortunes will be made and lost everyday.   And BTC is moving again,  that means people are holding BTC and not selling for Altcoins.   It was only when a altcoin I am chasing dropped to crazy lows I did not expect did I move a sliver of BTC over and sell it for altcoins.    

Its really just math,  I think "more" money is moving into and around Altcoin than ever and its only increasing.  BTC paved the way,  LTC was the shadow ride along.  And now that they are both established they will provide the anchor and lubrication for a whole new economy of alt's.  

I think we are going to see some crazy stuff come out.

In other words, there is time to mine, and there is time to buy and something between. It depends on the price and the difficulty of mining for me :)

So altcoins will be profitable now that BTC is going back up? Will it be as profitable as they used to be? I mean if one's profibility goes down, theres more to come to replace it right? Just wanting to know because I have an excellent deal for a 500 GH/s miner for $800 from a close friend.

Yes but it is not the same coralation like that. of course you would get a smaller amount of BTC for the same amount, but the smaller amount of BTC would equal the old value.... like 2 weeks ago a coin would get ( just an example of price ) 1 BTC per 1K alt. With the line of thinking , now that a BTC is worth more, that 1K alt would fetch .8 BTC but that .8 BTC would equal what the 1 BTC did 2 weeks ago.
This is not the case. The alts are crashing much faster. It is not all "because the BTC is worth more" because 60 then and 20 now does not make sense then.

too many bullshit alts have been created. Thats the problem. So instead of every mining the top alts everyone is mining different things on and off with hopes of it becoming something.

Yep too much of the wealth is now all over the place. I am all for alts, but now its just gotten out of hand. Devs are not even trying. I have seen a few the last month that would be a worthwhile try.... but a good majority of these alts are just flat out shit.

I understand what you are all saying, just scared of not getting ANY profits after a while, do you guys think now that atleast BTC is up again the coins might be boosted up to what they used to be (like they were worth 2x last week and the week before)

by that like how lets say if you were doing 1.5 MH/s , on most coins it would be $40 a day, will we see that again or will it keep plummiting?

Pointless clone coins seem to be dying, the ones with original features (Litecoin, Peercoin, Primecoin, etc.) seem to be staying strong.

Yes the old ones, but the new coins with actual benefits are buried under all the crapcoins.
And its normal, who has the time to read all the announced coins..
And the coins who do get the most attention (doge,cat,coinye) are a fucking joke.
So the good coins stay under and don't get invested in.

yes i think so. at the moment the price is comming down. But we will see new highs. A lot of money went into doge.

just of interest:  why are they a joke exactly?  because they use meme graphics?  people actually use doge. 

they actually have value (well, not catcoin lol).  and frankly i don't give a shit if it's LTC, TRC, PPC, or DOGE. If it's doing well, i'll mine it. it all can be exchanged into the same BTC, and then into my beloved 'fiat' currrency.

This is the same thing that 5 years ago people were thinking Bitcoin will die and today where is we all know so almost all altcoins will survive and miners please try to save your coins, we could see loow panic sell and low auto miner sell now but if there will not auto miner sell and panic sell of course altcoins price will go up and with same 1Mhs will give you $30+ everyday.  Why can't you guys wait with your coins. First try to believe what crypto is and after that do it.

Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.

I think there is a fundamental difference of mindsets between 'miners' and 'investors'

Miners invest in hardware/electricity/time so are more eager to see a more immediate ROI to cover costs, whereas investors don't have ongoing costs are are used to sitting on investments for weeks/months/years for good returns.

If miners mindset change a little more towards seeing it as a longer term investment , it may help long term,
instead of just trying to get rich quick.

Leaving your money in crypto is a good investment with amazing returns, be more patient and we will all be better for it

your just not keeping up with the pump and dump scheme buddy lol
like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.

YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later

I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.

Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily ;)

This whole scene is a pathetic lost cause period .

yeah they are saturating it, with all those crazy altcoin waves, it become a bit silly now...

The money for all these pump and dump schemes has to come from somewhere.. The influx of get rich quick miners, looking for the get rich quick coin , sell sell sell and make some money. Long term it will erode the market, and is generally what I see happening.

At the end of the day, more money being pumped into bitcoin , and it's still early days.

no doubt. but the playing field has become de-centralized. now, the intelligent people who led different branches of life can get ahead in their own homes or properties. investing in this is a better gamble than starting up a small business right now.

if i'm wrong, why are you here? not tryin to be a dick.. jus sayin.

Why do you think somebody should read all bullshits in newly announced coins? This is very important if you wish to be misinformed. :)

Who has enough time to read several hundreds pages about not 1 month old coins? lol :)

The biggest mistake is this in this topic:




I don'see any altcoin which made less growth than Bitcoin from the last summer. And Bitcoin fell 3 folds from the top and now is half recovered to the middle of that range.

I agree with you that the entire scene loves pump and dump. However the 1% are really gonna be game changers and its all trial and error. i see people calling everything fake and scams. including the exchanges and i agree to a certain extent because when its all said and done. the pros out weigh the cons.

I see the purpose of this topic is pump pump pump Bitcoins :)

well are you guys sure? I mean the prices are just decreasing EVERYDAY, i mean at this pont 1.5 will get you $15 max, Idk :/

Alt-coins aren't dying.  They are going to be around for quite some time.  Your income per day relies on a combination of difficulty, reward, and the current value of litecoin and bitcoin.  As any coin lives on rewards get smaller and difficulty usually get higher.  To compensate that usually causes the value to go up.

Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150.  The higher the value for those, the more money you will make when you sell your altcoins for them.  Bitcoin dropped to the 500s and is now in the 900s again which is great.

Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month.  But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.

But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.

umm I know it relies on difficulty and reward, but guess what, a week or two the difficulty AND exchange rate for most ALTS were the same as they are now, BUT they are worth alot less , a week or two for a few weeks it was stabilized at 1.5 MH/s will get you arolund $40-50 a day , if one coineds profibility went down, go the next. Litecoin was ALL THE WAY at the bottom of $7-9 a day at that time, now the difficulty on most are still the same (decreasing and rising, though stable on most) THOUGH the prices are way lower, a 1.5 rig will get you $15 today.

100% agree. I sell most of the alts I mine immediately for LTC/BTC.

Maybe you didn't pick the right coins.

I mined Protoshares for a day or so when they first came out, their difficulty climbed so fast that it didn't seem worthwhile after that but the Protoshares I mined then are worth a lot more now than the same amount of hashing would have normally made that day.

And a heck of a lot more than I could have sold them for that same day, too, I think?

But wasting hashing power on the kind of scams that exchanges like Cryptsy specialises in - the scams of the day, basically - seems like peanuts compared to those few occassions when one has a chance to get something long-lasting at a low difficulty.

-MarkM-

simple solution:  Don't mine now, but instead mine two weeks earlier in December.

Miners remind me of fisherman who overfish an area and then complain about the diminishing catch while continuing to overfish.

Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.

You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.

There is nothing wrong with this and it will change once people stop wanting to buy crap coins straight away.

In the past you could buy any coin when it launched and make a lot of money a couple of weeks down the road, this meant there were always buyers so it was always worthwhile for people to mine and dump.

With the creation of 10 new rubbish coins per day you'll start to find that nobody wants to buy them, so miners will find that mining for a quick dump isn't worth it any more.

Not true. It depends on the price. At the last summer miners dumped their coins accepting so little price level. At that time that was total nonsense and the lack of the sense for speculations.

I mine the most profitable coins, ATM doge.

well now 1.5 MH/s is averaging $10-15 a day with the most profitable coins, I give it 1 week to reach $2 a day dont you all agree? Or does it have a chance of boosting back up. I don't no.

it's almost like more people are mining, and technology gradually becoming obsolete.  

Mining is intended and designed o be lower and lower and lower profit. The whole point is that we don't want to waste money paying inefficient people to inefficiently secure the network. We want/need it to be secured as efficiently as possible and as securely as possible.

There are only so many coins minted per block per chain, and if you go on spamming the world with more worthless insecure chains of course they are worth less and less and less. However many coins are minted per day has to be divided up among all the hashes mining them, so every tiem you add a new rig you are making every existing rig earn less coins.

You can make more shit pies so there is more pie to divide but shit pies just aren't as good a product as some other kind of pies so at some point no one will care how many shit pies you have they will want you to go away and stop throwing shit pies at them, instead of going like oh wow a whole shit pie how much do you want for that?

-MarkM-

this is a good way to think about it.  

at least it gets us beyond the myopic, gold-rush mentality of altcoins.  

um... how many CrapCoin for a shitpie?  i will pay top turd for quality shit.

seeing a thread here entitled 'Altcoins dying????' is a sure sign to buy :D

remember that 'ltc dying???' - thread?

i agree on 'market becumes deluted with spam'

so the matter of the fact is scrypt mining Is inFACT dying of profits, soon you wont make profits AT ALL its going down slowly and slowly as I said $14 a day for 1.5 MH/s. YOu wont make money and more mining, just securing networks which is useless. UNLESS it goes back up and thats what I'm asking.

Well, that tends to happen when everyone and their mother just pumps and dumps them on the market. Bitcoins used to be the exact same way as all these other alt-coins at one point. Until the actual supply of any of these coins goes down quite a bit, they will never be worth much

Securing networks is not useless. WTF

no I didn't mean it like that, of course its a great thing to secure the network, I meant for profit :)

You know.... I just Realized something, OMG yes, RIGHT when dogecoins came out EVERY other coins value went down by half... WTF...

dogecoin? you mean the only coin in history that reaches a new all-time-low every day?

EAC-shill: DOGE is still the most profitables coin to mine. Just go multipool.us and see what they mine.

Stop hating on other coins, your beloved Earthcoin is created by confirmed scam artists and based on the Earth-meme. ;)

Earthcoin and every other well marketed coin comes like a tsunami and then when it goes by nothing is left.
Ofcourse some will survive but 99.9% of those coins were only made to make the maker richer.

Yep DOGE is still OK

much crash
low difficulty
very miney
wow

:D

We get it. EAC is the best. Now GTFO.

The same could also be applied to EAC the coin that you were bragging about 2 posts prior though no?

Right now the safest bet is to get your money into LTC or BTC as fast as you can and everyone knows it. But we still all want to partake in the dream of one of these 'shit clone coins' making it. To some that means supporting the coin with the prettiest logo or the fastest growing value, whilst to others it means following a rank outsider because of a community or just a name.

So many of these coins will have to die at some stage because simply having a run of the mill gambling game and being on cryptsy will not make it stand out.

doge has a diff of 300, is worth 28 satoshi and has a block size of 500k

EAC has a diff of 60, is worth 370 satoshi on coinex and coined up and has a block size of 10k

since you guys are obviosuly bad at math (if you say doge is most profitable) I'll do it for you:

both coins have same block time at 60 seconds

doge: 500.000*0.00000028= 0.14 BTC

EAC:  10.000*0.0000037= 0.037 BTC

that's how far you calculate obviously....

but then doge has a 5 times higher diff
and thus:

doge  0.14 / 5 = 0.028 BTC

EAC 0.037 BTC

but keep mining doge... once EAC hits cryptsy, it'll go up. doge is still gonna go down.

but keep flaming me


edit: I owned doge... I had mined it a lot, until EAC became more profitable. look at my sig. I'm still accepting doge tips

Yeah bro, once EAC hits Cryptsy all will be good. Freedom will break out on Earth, EAC price will hit dollar parity, virgins like you will get laid ... Everything is possible.

right now I'm just interested in making money.

and EAC is 32% more profitable

that's the problem with multipools who are too lazy to update their outdated scripts

Ok, we get it.

good for you testbit - but maybe some people mining are looking futher ahead than the end of their nose?
Also maybe make a  new thread if you want to discuss the merits of both instead of starting a war in here.

if you had gotten it, you'd not be upset.

we are all here to make money. and 32% is a shitload of more profit.

you should be grateful that I pointed this out to you, not mad.

doge is done for. so are most of the alt coins. there is no shame in switching to the winning team

The altcoins aren't dying. As others have pointed out, Bitcoin is rising the so the spread is going down but most likely your alt-currency of choice is still worth whatever it was before in your local currency.

EAC did not go down one satoshi during bitcoin spike.

just saying...

So when do you suspect EAC will be on cryptsy?

BigVern said he needs to clean up some backend stuff before he can add EAC. that was 2 days ago

Since there arn't alot of calculators up right now, how many EAC's do you think you can make a day with 1.5 MH/s? and price of each?

just calculate another coin, the one you're mining, then do multiplications  or divide it by the diff and price

in this case I went to coinwarz and just did a doge * 1.3 calculation and came up with ~19 $

overall, it's just the most profitable, but that depends if you find a good pool...

mine got DDOSed into kindom come...  

http://eac.dedicatedpool.com/ this one seems to be ok... but I am still looking for a replacement

http://eac.us.hackshard.com this one will shut down in 14 days (the guy had a massive hardware issue with another pool and is giving up managing pools... so he shuts it down soon), but it has been one of the best

https://bitcointalk.org/index.php?topic=379236.4000 official thread

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

This coming from the same person promoting Earthcoin in this thread...just shut up already we get it, you like Earthcoins

hey bro, he's just sharing valuable information, I find it helpful.

ya, I noticed too wow lol I think I'll start mining earthcoin, but wondering just when or IF it will hit cryptsy.

you basically call me a liar, yet you had the choice to either ckeck if what I said was true, or to flame me... you know what kind of people pick "flame" in such a situation?

people who do not care about truth. people who just care about what makes them feel better.

edit: doge is back to actual exchange prices on coinwarz... but from now on, I'll recheck prices of the top coins. I can not understand how in an automated system such a dramatically different price can appear...

I saw a screenshot of the conversation on skype.... so I know BigVern is gonna add EAC. we don't have an exact date, though. but it sounded like early this week... but it will happen, even if it takes a day longer

I still have to wonder if people are starting to realize altcoins are almost always just traded for BTC.

Maybe scrypt based coins are slowly being rendered worthless by investors in BTC, and useless by exchanges who refuse to trade them for fiat directly. CGMiner already stopped supporting GPUs, too. It's just worrisome.

I kind of feel BTC holders are a little elitist, too. Like scrypt miners are as worthless as their coins.

new meme coin die, https://coinedup.com/OrderBook?market=CAGE&base=BTC  only 1 hour on coined-up and it's finish... like dime some day ago...

Thank goodness. Now we need all the other joke currencies to die too. Market efficiency!

dunno as a trader I hold a significant percentage of most the top alts yet hold little btc , the main exchanges I use trade alts for fiat directly (not that I care much for fiat either).

do you suspect EAC will be as profitable as most alt coins were last week , around $30-40 a day for rigs as small as 1.5 MH/s? I really like EAC's transaction times as well

I hope things turn around, but I don't have high hopes.

I guess GPU mining is now unprofitable at current electrical costs. Might as well spend the fiat on straight coins.

GG altcoins. You were fun while you lasted.

I don't know about it being elitest so much as not spreading too thin.  cgminer is open source, anybody can pick it up and fork it from 3.7 and continue maintenance and developing GPU support.  So far I don't know that there is much that needs to be done to 3.7, its been working fine for me at least.

Some of us, I would suspect a lot of us, are enthusiasts in general and into all the cryptos.  I just bought a bunch of ASICs, I made some coins, I also mine scrypt coins, its all part of the hobby.

Scrypt coins have been like printing money lately.  I don't have a ton of scrypt hashpower (I only have an HD6850), but I was able to get a nice stake in DOGE right at the beginning, and I've done alright playing with mining some other coins.

But the problem with scrypt coins is almost that they are too accessible.  Once scrypt ASICs come out the game is going to shift again and the days of every pimple-faced teenage gamer mining meme scrypt coins will go away.  That said, once that happens somebody will come up with something to take its place.  There is simply too much demand in the market for gpu-minable coins that people can play around with.

In my opinion scrypt isn't going to "happen" to BTC.  I think BTC is it's own worst enemy.  I think we're going to see more innovation this year.  I also personally believe that Bitcoin itself is going to become irrelevant and be completely displaced within 5 years.  Bitcoin==linux.  Somebody is going to make Windows.  Yeah, yeah I know all the stuff about Winblows, but I'm talking from a business perspective, putting aside ideology.

Somebody is going to reinvent the blockchain concept in a way that fixes a lot of the deficiencies.  The real winner or "Windows" of coins is going to be the one that enables rapid scaling of the ecosystem through more accessible APIs and software that is more understandable and more flexible in terms of deployment architectures.

The problem with Bitcoin is that there is too much ideology/academia/holier-than-thou stuff going on, and business doesn't care about any of that.  Now that cryptos are starting to attract the attention of the larger business world, the market will drive it in its own direction and will solve problems on its own, regardless of the opinion of the ideologues. 

The killer app that I am waiting to see appear is the self-service alt-coin exchange.  A cryptsy where coin authors or enthusiasts can register whatever coin they want to see trade-able, upload a wallet for validation and automated setup or point it at a github repo, and create a market on-demand.

I'm also waiting to see somebody create the InvestorsHub of cryptos.  I would do it myself if I didn't already have too many projects.  Somebody will build it.

multipool is stupid. They are losers

The truth is that these alt coins are really only as useful as their adoption rate.  In the long run, this adoption rate will be 0.  None of them offer enough to surpass the infrastructure and hype surrounding Bitcoin.  Also, the flood of altcoins will only get worse.  It will dilute the market and make them all equally worthless over the long run.  Miners will simply migrate from scumcoin to scumcoin to maximize profits.  Thus, their support infrastructure is merely an illusion.  I think this is a good thing .. good riddance.  Only a few unrealistic investors actually believe <insert coin name here> is here to stay.  This is all just a scheme for speculators like me to make profits while the making is good and enrich some coin developers.  Sorry guys.  That being said, alt coins will never die, because people love to gamble.  But that's all it will become .. pure gambling in hopes of catching a pump and dump before everyone else does.  Might as well put $2000 on red.

Do you think that EarthCoin will take over Litecoin's position in a year? LiteCoin is good for microtransaction. EAC is even better

Bitcoin's block chain scalability is questionable. It is not fast and scalable enough technically. Can it be a single point of failure when it becomes more popular? It is too risky to rely on a single block chain (simply put, a single bank for the whole world) for payments. I think that the world needs 2 or 3 block chains (altcoins) to spread the work load or risk

Couldn't agree more, it pays you 4x less than what you would make if you stuck with one coin.

The alt-coins are not dying. The spreads are adjusting themselves to account for BTC rise in price. It is as simple as that. If you want more info, I wrote about it: here (http://de-crypter.blogspot.com/2014/01/bullish-start-for-crypto-currency.html)

And there were alt coins that actually did gain against BTC this weekend, I wrote about them as well: here (http://de-crypter.blogspot.com/2014/01/alt-cryptos-that-bucked-trend-this.html)
But very few people here appear to look at the markets broadly. Most just tend to focus on the coin they have the greatest quantity of.


I agree with most of what you said, however I believe that alt coins are sort of a sandbox. I believe in BTC and am sure it will continue to rise, however I believe that it is not flawless and another coin will emerge which will supplant it. Surely that coin will come from the alt coin scene. Currently there are a few alt-coins which are not scams which are actually trying to gain acceptance. Currently the alt-coin scene is like the wild west, it is completely unregulated and tons of scams are abound and everyone is looking for an instant get rich scheme. However, there are people out there that can and will innovate. Those that truly believe in digital currency as the future, not merely as ploy to confuse people with technical jargon in hopes of getting them to hand over thier money. The people who are in it just to scam and make a quick buck (I won't name them here) infuriate me. They are detrimental to the broader acceptance of crypto currency.

I agree with you, especially regarding the snake oil salesmen pushing this garbage.  It is possible that an alt will steal the show, however I believe this would only happen if Bitcoin absolutely crashes due a technical problem which makes it unusable.  Chances are the Bitcoin codebase will simply be tweaked as the years pass in order to solve these problems before they become insurmountable.  It reminds me of TCP/IP.  It has a tremendous number of inherent flaws and is demonstrably inferior to new, competing network protocols.  However, it will remain the basis for the internet for some time to come simply because of its adoption rate.  So, I think the most an altcoin will do is provide a research environment for desirable features to integrate into future Bitcoin.

There is value in that.

i dont think Altcoins are dying.. though the recent wave of new coins has basically flipped the market onto its back.

Too much of scrambling to find that 1 coin which will make it big (with every launch jumping to 12+GH/s within 30 mins of launch) and way too many coins have followed the doge ideology of minting coins in the billions following the theory that the lowest they could make on it would be 1 satoshi at launch. I for one am getting tired of new coins being launched without a wallet.

I believe we are seeing a market rationalization of sorts. With BTC prices climbing high. This gives a bigger incentive to buyers to watch their BTC expenditure and are likely closing of their investments to cash in on the higher prices. The market has also been too diluted with this wave of crap coins so i think even a coin designed by "God" would fail in this climate.

There's been a reduction of coins being introduced so I expect the markets will start seeing a bounce in value with the reliable coins slowly and eventually in 3-6 months we will see another wave of crap coins once again.

As for GPU mining ending.. i sincerely doubt it and agree with molecule man. I do believe that there is quite a bit of elitism from BTC'ers. For some reason, Bitcoiner's tend to overlook that before there was SHA-256 and scrypt. Bitcoin was GPU mined. its kinda like that shameful family secret no-one wants to talk about. But my take is this for a cryptocurrency to be successful it needs to be tested by the general public. Large corporations/investors are going to sink Millions into a venture which hasn't proven itself. So, those little rigs at home are the best way to test and prove that a coin can support itself.

Markm had it right.. with his statement that mining is designed to reduce profitability we have seen it on BTC and now LTC we will likely see it on WDC and a few others as well but thats not always a bad thing. The advantage to GPU miners is that if we keep aside a little bit of everything we mine rather than just sell immediately there is a good chance we are looking at something that will be worth a few 100 in a few years. The problem is that miners have too much overhead to cover.

Lastly, Markm also probably pointed out the right thing when he said that you were probably not mining the right coins. I mined LOT for the first week after launch with my 400KH/s system. earned about 490k on solo (my first attempt) and another 500k+ from pool mining. I also played a games that cost me 692K LOT and returned 1.05M LOT ten minutes later. i sold about  800K lot on its way up and down. and earned about 0.3 BTC which isnt bad at all when u consider it was done from 1 week of mining. As it stands, i've paid off the cost of my single GPU in the first month alone. i've also discovered i like the community of LOT and as such have decided to hold the balance because i think its got a shot at being succesful. The fact that it came out with a whole bunch of other coins including a week after doge and still stayed viable is a testament to its validity. Plus dev and its support team seem to be working hard at making it work.

This is not a plug for LOT and its not a show of my ability to pick a winner. I have 800k meow which while interesting seems to be headed nowhere. Cage was a bust. Gift was pointless. I mined moon for 2 hours at launch and sold out my 200k moon immediately after it got on coinex. so basically picking a winner when it comes down to New coins comes down to luck. I also have ELE and NDL. not a lot but i've basically been hopping and holding. Which is not something i would suggest as its usually better to find one coin and stick to it. But with my 400Kh/s hopping abt is pretty much the most profitable system for me

That was really interesting to read man, do you suggest I mine lottocoin instead of dogecoin? I'm starting to hate dogecoin and understand why everyones pissed off about a meme like that becoming an actual coin.

You might be right about me not mining the best coin, What I do is just check coinwarz for the most valuable YET stable and efficient coin, so far only mining doge, any tips on how to choose the right coin for best profits and supporting the coin itself?

Betacoin is never going to die. I haven't seen a cryptocurrency which can adapts that fast.
It is even profitable in these harsh times. I will stick to this coin!

Does Betacoin have any merchant?

Buy now when it's low and not for long !!!! :)
https://www.cryptsy.com/

It's also on Coinex.pw and coins-e.com

tbh this is the first i've ever heard of a betacoin.

Anyone who doesn't think that altcoins are dying, take a look at coingen's status page today.

http://coingen.io/status.html

this is after 2 days.

See?

And it's two months old!
http://www.coinwarz.com/cryptocurrency/?sha256HashRate=19000.00&sha256Power=300.00&sha256PowerCost=0.1500&scryptHashRate=4400.00&scryptPower=1800.00&scryptPowerCost=0.1500&sha256Check=true&scryptCheck=false


I learned it from here!!!!

http://www.nasdaq.com/article/will-better-technology-deflate-bitcoin-fever-cm307120

What should we see?

The fast adaptability and profitability even these harsh times for alt-coins where the most ppl sell for BTC :).

Well i never got on the doge bandwagon.. couldnt stand it when i first saw its launch and opted for LOT instead.. Do i kick myself over it? No, not really, i think LOT has a potential for value over the long run and as i covered my hardware costs within 2 weeks of buying my 1st card so everything else is just a bonus. Small or big doesnt make a difference as i am in for the long run.

It's a case of long term vs short term really on what you choose to mine.
 
If we are going long term i would say trade all your alts for LTC as value will likely appreciate by the end of the year with the introduction of ASIC chips for LTC even if the ASIC are catastrophic failures it will only take some other company another 6 months at most to tweak and fine tune the process.

In the short term, coinwarz is helpful, to determine the best coin to mine but i generally ignore their top 3-5 picks simply because the profitability charts show the current most profitable coin based on difficulty and price and more often than not a multipool is already at it so your gains will be lower.. it doesnt matter what pool your in. If a multipool gets into mining a coin you are looking at around 800MH-1GH being casually tossed at a network and the following auto sell of the coins will basically drive the prices down by the time you get your coin to market. What i would do is mine anything but the most profitable and only sell when its at its most profitable on coinwarz that way you can catch the best price before the initial drop in price. If you arent hard up for immediate returns.. stick around for auto sells to come in and basically buy back the same amount of coins sold at a lower price. Its not the "Gospel Truth" but its a common enough occurence to be taken as a fact.

Looking at coinwarz your 1.5MH is expected to give about $15 a day in earnings so i dont think you are doing too bad on mining. I think we will actually see a rise in the value of the regular tried and true alt coins over the next few weeks as more and more miners get tired of the wave of new idiot coins and go back to mining what they are comfortable with. As for telling you to mine LOT i would actually suggest that you head over to the coins page and gauge the level of activity and decide if its something your interested in. Right now LOT is not the most profitable but its miners have fun with the superblock rewards so the network stays alive. Net looks promising from its price trend not sure why though as i havent had a chance to see their forum. EAC is impressive in the way it markets itself. Kind of a serious version of Doge really in their marketing just wish i dint feel like i was mining an earth day version of internet explorer.

I mined NDL for a few hours simply because i found the whole thing hilarious and they did a fun job on their wallet. I also solomine GRA when i am bored its not on any exchange and difficulty is at 0.6-0.8 and miners are reluctant to sell their coins because of the interests earned every 2 weeks on the coin. Personally, I would advice you to collect a small stake there as the dev bosian seems to be one really hard working individual. it really is a remarkable coin in that no accusations of scam flood the thread, DEV works hard to improve and fix issues, and there is no heavy push by any miners  to get listed on an exchange as they like mining there themselves. It was created about 2 weeks before LOT and doge and basically got lost in the scramble. If it does get on an exchange it could do very well.

I, myself, have partnered with a friend and will hopefully get two rigs operational by Feb through outside investments. I expect to get at least 10 rigs up by June in the same way. So, i do firmly believe in the future of a global digital economy. 
 

Well to be honest i think the status page on coingen is actually helpful in a way as i will likely be avoiding any and all coins listed there. Just ctrl+f and search for new coin name.

Why? Its simple.. anyone getting a coin generated from someone else will basically have no idea how to compile a wallet or fix problems which are bound to come up in the course of mining a coin.. It seems the "GoTo" solution nowadays for a coin dev is "add nodes" beyond that miners are on their own. So ultimately a coin from there is headed to fail.

I think over time miners will also follow the same system of elimination with what coins they bother to mine.

The best pool to mine EAC now is pool.chunky.ms/eac/ :D.

This is a surprisingly interesting discussion, especially for a thread with four question marks in the subject.

I've been having a great time with Earthcoin since its launch and it has been a very interesting and enthusiastic community to be a part of. It's much more interesting when the devs are interested in marketing and developing the coin beyond the launch period. It's definitely still young but it has also differentiated itself from many of the other Litecoin clones (in the ways it has been presented and built around) and that's enough for me to spend my time mining it since it seems to have good prospects of future higher valuations.

I hadn't really read anything about Grain until this thread but it sounds pretty cool so I think I might throw a bit of hash power at it for a little while to get a few Grains to start earning from :)

Betacoin is the descendant of Bitcoin for 1001 reasons.

The most profitable SHA256d cryptocurrency which is even profitable during these harsh times when the average joes dump it for nothing.

If you invest now you will make fortune in 2~3 years  :)

earthcoin just got picked up by btc38.com...  a chinese exchange

Pretty sure if a profit switching pool bases themselves off of coinwarz, they are already 5 minutes too late regardless. It's easier to contact the chain for difficulty info. Your wallet does this.

Some newb is probably buying doge at a high price, and it becomes the periods "highest selling price."

Coingen will accelerate the death of alts, leaving only the strong ones and a few cool ones. I hope it gets a cheaper competitor.

You must be special or something.

It's listed on coinwarz at 26 satoshi. Takes about 3 seconds to check.

And it's the most profitable coin still because the difficulty has remained the same for awhile now and the block reward is still very high.

Altcoins are indeed DYING!!!! Already a few weeks. Lower high and higer lows. Now currently we are trading at levels that even altcoins are too cheap. LOT at 0.00000012???!!!, DOGES at 0.00000025???!!! I don't want to say anything but when you check that Junkcoin have a higher value then LOT then this say enough!!!!LOT and DOGE are being sold by the multipools, and those pools are destroying eachother. I notice a 2BTC sell at 0.00000012 on LOT, first how is it possible that they have so many shares!!!??? You already need to mine a long time to get this amount of coins.  Some multipool were hit hard today and will have a hard time to recover. Good think for the small investors as mining LOT and DOGE is not profitable at current levels, so pools will move away, value will start going up again, till the multiplepool are killing each other again.

Similar impacts occurred to Betacoin because the value of Bitcoin have risen. Although those who truly believe in this currency
will have real profit since now can buy very cheap :)

:o

Of course they are dying. Do you thing there is an unlimited money source to keep this circus rolling with 5 new coins every day?

They are dying because BTC/LTC is going to the moon.  I've been around long enough to see the cycle happen a few times over.  However your BTC is now worth more, so if you think about it, you're not losing out.  You get less BTC, but BTC is valued higher.

Hope this helps!

Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode #dedicatedpool
http://dedicatedpool.com/images/l.png

Ha ha, good analysis. :)

Junk coin is much more rare coin than LOT or DOGE. :) Keep buying doge and lot. I will continue with junk when/if junk fall to the toilets bottom. lol

As long as it is profitable to mine altcoins, I guess they will not die completly.

Well it's really hard to decide which coin to go for with great profibility and STABILITY. They're always fluctuating and you can never tell :(

Earthcoin is such a classic pump and dump coin...

Shiny new logo (IE explorer?), coolio website, lots of Giveaways, virtually no innovation, catchy catch-phrases "The coin for everyone on the planet..."

And has nearly 300 million mined coins, getting ready to be massively dumped on Cryptsy.  

All the Earthcoin miners living in mom's basement will be getting some quick BTC soon... :)

You are trying to hard, really bro.

Cage coin/ moon coin die in hours after he go on coinedup and other small exchange. People totaly dump the coin soon as possible. Earth coin are on exchange over weeks and he stay very stable. I sell some 2 weeks ago at 300. And today he are at 300. On last month coin, it's the most stable.

WTF is up with you testbitcoiner?

Talking about EAC like its the only coin that gets its market manipulated - its happening all over the shop.

I dont even know what the point is that your trying to make half the time - one second your claiming its a great coin, the next your harping on about how everyone should be mining because its most profitable? Its only the most profitable in the here and now - so you have to be selling it straight on, in which case you dont give a fuck about the coin or think its ever going to be worth anything more in the future.

Just stop, you're embarrassing yourself. You sound retarded

If you see anything positive about phony marketing, well, I have to like your optimism.

So EAC will actually rise on Cryptsy?   The Miners wont dump their tens of millions of worthless coins into the market?

OK, then I stand corrected....I will dream a dream that Earthcoin is not a scam coin.... I mean, I can dream after all, can't I?

:)

all these pump and dumps are scams ,if your not trading these scam coins for litecoin/bitcoin your gonna have a bad time.

All of the alt coins are being pump and dumped. Which coin has a legitimate purpose or future?  Also most are falling in value because they are tied to btc/ltc and those are on the rise. If the price remained the same on the alt coins, they would be gaining value.

Tell me this is fake.

I am shocked that MILF Coin is still available... lol

My 2 cents Theory

People will realize that all this stupid named alt coins will become nothing. That is why a lot aren't hitting teh exchanges.  Some will  like electric coin and so forth that seem to have some type of backing.  Will they be the next BTC or LTc most likely not. 

if you haven't noticed though a lot of  money has gone out of the alt coins again thusly reducing the price.  It will go back up again, the next time there is a Doge coin that gets the masses.

Coingen
We received your request to create milfcoin .
The monkeys, however, are waiting for 0.2 BTC to be sent to 14zPjwvyBsUydAefJjH2eJHqEBdJs2CoTG before they start building milfcoin .

altcoins dying? look at ronpaulcoin price on coinedup and be surprising

No fake and all these guys PAID for these generated coins.

Just read a bit into this thread; all I can read in your posts is:
1) you bought some graphics cards, hoping to make a quick buck
2) now you are scared/upset that it doesn't work out

Part of me wants to be really tough with you. Because your expectation is to make a quick profit. And you apparently did not do any research before jumping into mining. You just thought of the free 900-1200$/month you'd make. No risk, no skills needed, no work involved. And as it doesn't work out you suddenly talk about coins dying. What now? If it was that simple to make money, I'd rent out a warehouse and run 100's of 7950's.

The story repeats itself every 6-12 months. We've already been there in June 2013. Many new coins had crazy high profitability for some time - but then suddenly they lost value and Litecoin was the most profitable altcoin to mine. And eventually a rig like yours would make 2-6$/day after energy costs. Which sounds like a fair price to me.

Read this about a guy who made a loss mining litecoin in 2013; learn from his mistakes:
http://reckoner.com.au/2013/08/im-done-mining-litecoin/


Now regarding the economics of altcoins. Let me ask you:

Why would anyone pay you $30-40 a day for running 2x7970 or 3x7950? There is almost no special skill involved, no market entrance barrier and if you thought you could make a quick buck, so did 10.000's others!.

Profit maximising by all miners (and switching coins/pools) is going to equalize the profitability of all listed coins. Soon LTC will be as profitable as most other altcoins. Because people like you learn how to pick the most profitable one and increase the difficulty to be on par to its market price.

The other effect is that more people jump onto the mining bandwaggon and drive up the difficulty overall until it is barely profitable to mine any coin. We are talking $2-5/day after energy costs for your 1500kH/s - which sounds about fair.

This is a free market and YOU have to find a niche where you can compete in mining, for example:
a) low energy costs? (as low as 0.10$/KWh in the US)
b) well informed regarding new altcoin releases?
c) can take a lot of risk/have money => invest in ASICs?

There is tons of other ways to add value to the community and hence to make money. You could start trading, develop better coins, run a mining pool, create a website for spending coins, lottery, poker etc.

And eventually all coins may die with you holding a bag full of BTC. ;)

+1

 So why even bother to support these obvious Pump & Dumps ?

 Maybe because greed is getting the best of you?

 These recent profit levels wont last for scrypt coins. Your all being far too unrealistic. Just last summer it was merely a few dollars a day with 3 - 7950's at 1800KH/s. In 2013 rarely were profit levels anywhere near as high as right now, and every time they spiked like they have now you don't want to know what came next!


 The current phase starting here and now is getting the better coin types to market, like bitcoin already is.
==================================================================


 DON'T SUPPORT these pumpcoins and these dumpcoins. Or your effectively doing others (the fools rushing in these last several weeks) harm as well. Sure we all get temptation. Sure I even took the bait a few times when it was easy pickings for a quick buck. But almost always I resist the temptation. I almost never mined and then sold. I only mined what I believed would be longer term successes and these days that's not the current crop of copypastecoins.


So: Re: Altcoins dying????

 Starting RIGHT HERE, Right Now: things just changed, again! Drastically. This is suddenly another new phase, the fifth phase in the last 12 months alone. I wont spell it all out.

 At this point in time I strongly believe it would be extremely wise and prudent to select the highest quality coins to mine.

 And remember, the developer alone can't do it all. Every coin needs a strong community. It's also a given the we must support and help the coins we chose to hold, one way or another. Otherwise this entire affair is again just going to harm others for the sake of what? Someone else's gain.

 So instead of focusing on all these cutcoins pastecoins copycoins catcoins now rolling out just to mine a ton of shitcoin for mere peanuts perhaps it would be wiser just to ignore the noise from here out.

 Or, in other words, from here out I don't give any time to any coin that first doesn't come to the table with a good name, and also most importantly offers something nothing else yet does, something better, or special, unique, that gives it a real good chance. And much better be a true Masterpiece.

 It's just too late in this Crypto Monetary Revolution for ever more copy cat coins. That phase is now being obliterated by fools rushing one copycoin after another copycoin. Forgetaboutthem. Their all doomed if that is all they have to offer. Every last one of them. If their not here already http://coinmarketcap.com/  , or at least haven't already been long since created and doing well by now then odds are their not going to make it at all, unless their cutting a new path, or a real masterpiece.


 Much hash power is being wasted on tiny gains, where as if one focuses on first learning about the coins, the best ones, what they each offer, what sets them apart, what is what, what's different, and how each can fit into the marketplace well after all that research and study, only then will anyone be making anywhere near a prudent choice. Till then maybe it would be best to simply use the KISS method. (Keep it simple stupid).

  In other words stick to the highest quality until you can determine yourself what are the best and better alt. coins. And don't forget about Kingcoin *Bitcoin*. It's the King, it's going up even when everything else is getting hammered, all over again, just as soon as the next super surge strikes it again. So there. That's from someone that took about 18 months of study, research, and much effort, to learn this, all from scratch. And took the time to offer what I think would guide you well. And hence how and why I sign my messages below!



All of these have a real good chance of going all the way!
====================================

http://bitcoin.org/ = The Masterpiece. & the King.

http://litecoin.org/ = a Masterpiece.

http://www.peercoin.net/ = a Masterpiece.
http://ppcoin.org/primecoin = a Masterpiece.

http://securecoin.org/ = a Masterpiece.
http://www.quarkcoin.com/ = a Masterpiece.

http://novacoin.org/ = a Multi-Cloned Masterpiece.
CosmosCoin.org = a Multi-Cloned Masterpiece.

http://cryptogenicbullion.org/ = My Personal Favorite & a Masterpiece.
http://www.bitbar.biz/home = My Personal Favorite & a Masterpiece.

https://anoncoin.net/ = a Masterpiece.

https://ripple.com/ = a Masterpiece.

http://www.sexcoin.info/ = a Community Built Masterpiece.


cryptometer.org - Historical Mining Rate Production Charts
http://cryptometer.org/index.html

http://www.thebitcoinchannel.com/


 BTC - Next stop = $2000, or $3000, or even higher, maybe to $4500 to $6000. Real fast. And will leave most if not all Alt. coins in ruins for a spell, just like in late October through Mid November, as many flock to safety on the BitcoinExpress. Only this time many others will realize to jump aboard after what they remember from just a couple of months ago!

 Lastly, the next trading range will be anywhere from roughly $1200 to $2000 or maybe $ 1600 to $2400 or $2000 to $3400 or as wide and wild as roughly $ 2000 to $6000.

 And of course I could be very wrong here. So beware. No one can know the future.


 Welcome to the BitcoinExpress!


 
Caveat emptor - let the buyer beware

ADT was just revived from the dead.

LMAO

Transactions last 24h

DOGE:  87,773 (Go shiba!)
Bitcoin: 61,567  (gg #1)
Litecoin: 12,709 (haha)

See:
http://bitinfocharts.com/

Avg. transaction value

311,598 DOGE ($71.34 USD)
13.67 BTC ($11,480 USD)
4,501 LTC ($110,775 USD)

LMAOOOOO

Avg. transaction value for Litecoin is $110775?!?!? Wat?!?!

Big wallet moving his coins. Simple.

Btw  , where's your sexcoin situated against those three?

It's coming. ;)

Coming or cumming?
Btw , I heard that porn website are embracing bitcoin and not sexcoin. Who would have guessed?!?!?!

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

I'm a pretty big fan of Earthcoin,  Its not perfect and I have mined it solid basically since launch.  However now that I have a little pouch full of EAC I am going to start mining something else,  Either LTC or BTB likely and let it ride for a while so I don't have to babysit my miners as much. 

I like EAC, but maybe you should mine it for a few days and then do WDC?   I think diversity can be healthy too!

I personally believe that this year bitcion will take off (http://"http://de-crypter.blogspot.com/2014/01/bitcoin-bust-or-boom-in-2014.html"), and when it does the alt-coin which will benefit the most is litecoin. So mine LTC now before the difficulty rises suddenly and drastically.

everythings dropping and dropping and dropping, well hopefully it'll rise.

This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.

well you will also have to remember that the part you buy have a resale value
right now at least on Finland used gpu are like 90% worth compared to new one
ofc if scrypt mining slows down the value of the gpus also does but i dont think to much
so i would think that you would atleast get back 50-60% from the hardware
so your roi calculations are bit off i would assume  


going to invest for new hardware shortly :)

Exactly what I'm trying to figure out, hopefully the hardware we have right now will be good for a while and coins will be more profitable again.

It seems that EVEN if you buy a 3TH miner in a few months it will have NO value at this point.

I'm talking about scrypt coins, not SHA-256. Anyway, prices seem to be going up today, and with so many of them out there now many have *very* reasonable difficulties. I ordered more parts. I can build a new box for $245, using an old case and the only extra cost in the PS < $50 and of course the R9 280X ($400). The last one is the killer, so it's still around $650. Looks like ROI in about 80 days, and if these alt cryptos go up, maybe less. I don't see the R-90's being worth the extra price per hash.

Me too, I'm also stating the same thing is happening with SHA-256 coins as well :/

I've noticed there are a bunch of coins that keep going up over time. And a bunch going down.
And some are doing both.

If that is dying then I like it.

Have you heard of Betacoin?

If you did you shouldn't had this question at the first place. :)

betacoin is not the best SHA-256 alt coin sir, it is one of the best, probably top 3 but not the best for profits, I find emark to be VERY stable and profitable.

at this point, NOTHING's going UP over time.

better tech is here.  also, computer equipment gets obsolete incredibly quickly.  

Nothing will make money forever.  I have no idea if the return on mining will even be consistent week-to-week right now.  The only way to build up insurance is to minimise your costs as much as you can, in order to minimize loss in case you cannot break-even.  The biggest pitfall for miners right now is overpaying on video cards.  a 280x that should have been $300 is now $400.  $15/day will take that much longer to break-even, and may push past the point of obsolescence. When jacked-up video card costs are combined with uncertain returns in the future there is no certainty in mining.  

however, if you can build rigs that are sustainable and within budget, i think 100 days to break-even is possible right now.  it might all have changed by tomorrow, though.

ya I don't think a 3 TH miner will make a RIO at all lol, at this rate it's RIO would be ahhh maybe 100 days?

You all talk about getting dollars out of this. So who do you expect will buy those coins you clearly don't consider useful yourself ?

PS : I'm not being judgmental as I'm doing the same except with euros !

droppin droppin droppin without any highering. I remember when altcoins had a meaning, to be an alternative coin that would actually have profit.

I'm wondering if this is a crash or just a BREAK (rest). Seems like it may be a crash to me.

Mining GPU's will always hold value (especially top models), simply for the fact that most of their primary value is derrived from gamers, NOT miners.  There will always be a guy running top notch games on his sli rig that will be willing to pay top dollar to play BattleField on high settings@60fps.

However, the real question will be IF dedicated scrypt miner units will ever be created soon.  It will basically shift this into a bitcoin scenario where gpu rigs will become worthless in the mining world, and anything less than 30mh/s will be completely pointless and phased out.  

We will have to see how this pans out.  But for now, there are actually a ton of good deals on scrypt miner day/weekly contracts, that almost makes buying a multi-thousand dollar rig and fronting the electricity bill yourself....worthless.  Especially for short term profit gains.


Wayyyyyyy too many shitcoins out there though.  And it needs to stop.  Or the market as a whole WILL suffer if there are tens of thousands of new, shitty crypto coins giving the industry an almost 'trivial/comical' feel to new investors...rather than a wave of the future.

crypto currencies are dead because they are being replaced with crypto corps

Nope, Alt's are here for awhile for sure.  You just need to be a bit smarter about what you are mining...and how you are trading. 

Alts are for day-trading, LTC/BTC are for long term investments. 

Think cryptos in general are going away?  Not anytime soon, check out this article - http://www.nbcnews.com/business/porn-basketball-taxes-bitcoin-hot-streak-2D11940201

Are we looking at a profibility increase/rise in the upcoming weeks/months? It seems like the coins exchanges are boosting slowly but still going up.

nope.  markets are tired from the big pump in November.  they are dried up an will be until the dead weight is shaken off.  Could take 6 months could take 9 months.  little profit until then.

Can you provide an example, as I looked it up and it seems pretty difficult to find something that cost less that what I'm making with my 3MH/s, regardless of electricity and investment ? If the only way to make money with such contracts is to jump on new coins and sell as soon as possible, then it's exactly what's causing the death of altcoins.

Everythings RISIN!!!

Everything is rising? No way, dogecoin is on a pump, but the major alts are flat. Someones assessment earlier in the month that the markets are tired ,is absolutely correct.

Quark has been up over the last week, and the last two weeks.

Doge is bossing hard.

BTC has been flat for a while. Speculators are probably moving over to the alts again, which could explain some of the movement that is occuring in some of them.

BTC dying????

dogecoin is going to crash so hard.

that's ok; Jamaica still will get a dogesled team this year!

Since when is a flat line dying? It's stable at the moment, and that makes it difficult to speculate on ups and downs.

https://i.imgur.com/4VYZOTe.jpg
asystole.