6,5 MH = one,two, three, four  750ti  ?

wen Asic dominate Scrypt the price of GPU will Crash !take this in Mind.

ok 

I search the fugue font and unfortunately im not good in web design.

Why optimists?  I really don't get this scene anymore. When a coin is new, a price can be created.

But some miners do not even want to create attractive prices anymore, they undersell each other - so far below what is a nice price. And then you don't even earn enough to pay the electricity. Makes no sense.

Back in the old days (i.e. 10 weeks ago), when GPU mining of PoW coins was still worthwhile, a coin started to be interesting when 1 MH/s (scrypt) could create an equivalent of about 2 million Satoshis per day. In the first days or even weeks of a coinstart, especially with a new algorithm, (much) more than that, sometimes.

But now look at this:

If my preliminary calculations are right,
2 million Satoshi worth of coins per day
with 1 MH/s scrypt hardware would
need 2506 Satoshi per Groestlcoin
at the current Groestl-difficulty of 88.3 .

Dumping the coin now for one sixth of that ... is destructive.
Even if the electricity consumption is only 50% (which by the way is fantastic, thank you devs, for this algo!).

The difficulty must rise and rise and rise, that is good for the security of the coin - but will the price rise even faster? I doubt it.

Miner, educate yourself better! Learn what you need to know otherwise you cut the branch you are sitting on! And all of us fall - because of you.

 


EDIT: changed some words, took the anger out :-)

Is there a reason why the logo is G2?