Yes, You are right.
On many websites people are trying to sell their asic and power-cpu for the half of the price and less. Prices are decreasing each week. It is a sign.
And, more, on an other 'crypto' talk forum, someone is launching, with different names, the same coin, always a scrypt/50/500 mil/5% premined, two times a day.
Last month, a team launched a SHA-2 copy of Doge, the Continuum coin with a nice logo, a real technical team, etc.
Problem is that 'hard' miners try to sell this coin three days later and its value collapsed of course.
I computed its current value, with a diff greater than 500,000, it is 6,600 CTM for 1 - one - Doge and a BTC value of 0.00 000 000 024 for this coin, which means 3,500,000 CTM for 1 USD.
Even with billion(s) of coins, it will stay a no value coin, a zero marketcap one. Problem is that, with this diff range, an antminer makes only 8,000 coins a day which means more than one year with 24/7 running hardware/software for one USD. Go on street and look on the ground, you will find a $1 coin more easily.
People are still mining but crypto currencies are dying.
It was the same for pc-games. One of them had success 20 years ago, companies made 100+ clones and industry collapsed. Three years after, it restarts, so wait three years and do not mine or invest because here, it is not a game, it is money, and Banks and Governments have the power to kill e-currencies.
Have a nice day, I will drink another cup of coffee...
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