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June 16, 2013, 08:01:42 PM |
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Before this last months people used to move their GPU mining between coins based on their profitability using pages like coinchoose.com or other sources.
Now with BTC difficulty almost at 20M there are no more GPU miners in sha256 coins and since you cannot mine Scrypt with ASICs I think we cannot compare anymore the profitability of scrypt and sha256 coins based on the hashpower.
I think that the great loss of value of LTC this weeks was due to this. Dif. of BTC went up two weeks ago, then all Scrypt profitability went up, and as the volume of BTC is the bigger the adjustment was made in the LTC prices, that went down.
My feeling is that LTC and other Scrypt coins are going down until we figure out that 1ghps of ASICs (a few bucks) and 1mhps of GPUs (around 500 USD) isn't the same by far.
Thoughts on this?
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