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Author Topic: Alternative Coin to BTC Profit w/ Prospero X-1 - May 2014?  (Read 1301 times)
Skully (OP)
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January 06, 2014, 01:53:39 AM
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Hello, I've been investing into the cryptocurrency as a whole, by marketing with an ATI card on some scrypt coins, and have also been trading. I know this is the bitcoin forum, but it's somewhat related, so I figured I'd put it here. I've noticed that instead of mining LTC, I've mined some LOT coins, and have received more profit from that then mining LTC. I want to find an alternative to the BTC, that will still remain profitable, similar to how I mine the LOT instead of LTC.

My question involves the Black Arrow's Prospero X-1. I was thinking about ordering one, which I will receive on April 30th, and thus start mining probably in May. However, I know that by then, 100gh/s would not be good enough in May, but can anyone lead me in a direction that would point me towards an Alternative SHA-256 coin that could utilize the Prospero X-1 and be somewhat profitable (such as an alternative coin with a difficulty that does not change as high/rapidly as BTC).

Electricity costs is not a problem at all, I just want to know if I can -atleast- pay it off within 1-2 months after I receive it by mining alternative coins to BTC, coins via CoinWarz that have a good difficulty to mine at. I'm just curious if anyone has any "past information" or some sort of difficulty chart I could at for the coins that are currently available to mine, that would show their difficulty say a few months ago.

tldr: I'm trying to calculate the profitability of the Prospero X-1 with alternative coins come May. Whether it be past difficulty information on some of these alt coins (so I can see its trend of increase over time) or a site like the "GenesisBlock" calculator, but for the alternative coins to determine profitability. Thanks!
vpasic
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January 06, 2014, 11:56:56 AM
Last edit: January 06, 2014, 01:51:16 PM by vpasic
 #2

too early to predict anything and specially to predict value of alternative coin.
if you take a look retroactively btc is always and will always be most profitable sha-256 coin.
btc is most stable coin and there are some unstable coins jumping up and down with value on hourly basis.
3 days ago I switched my miners to PPC and after 24hrs from 8.5PPC calculated earnings I end up with 4.7PPC. they are still unconfirmed for me and value of ppc is way bellow profitability compared to btc.
so forget about other crypto! focus on BTC.
since you throw your money on prospero x1 my advice is to sell your pre-order to someone else.
100gh can't earn you any good amount of btc RIGHT NOW and by the time you receive it, it will earn yo as much as 5gh jalapeno can earn right now. and it's big 0 no matter what you mine.
one more thing...
if you look at let's say TRC, there are some times in a day where profitability is 1.15-1.30 compared to btc.
math is like this, if you mine btc right now with 5gh jalapeno you will earn 0.05btc/month but if you mining TRC  with 1.30 profitability compared to btc you will earn 0.065btc//month. ant this is if difficulty stays the same and profitability stays the same for TRC compared to BTC.
so as you can see there is no big difference in calculation if you have low hashing power miner.
sorry to say but you are screwed no matter what you will mine in 3-4 months from now.
sell your preorder while you can.
and NO. no crypto currency will worth more with time compared to value of btc.
as you can see since beginning of mining value of ALL currency's are adjusted by btc value!
for example value of LTC was always and always will be around 3% of BTC value!
value of btc is guided by economy and other crypto coins value is guided by value of btc.
simple as that!  

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