How much money do they make?

[Arbitrageur]

Gullible people unfortunately are finite in numbers and the pump and dump scheme related to each new alt coin is generating less and less money to their creators.

Probably so far the most successful story has been the feathercoin (FTC), which might have brought to the bunch of guys that came up with it something like 50k$ EACH, minimum, in just one week (my personal estimate, but I'd like to hear yours).

Another really profitable was MNC, mined in one million pieces within a couple of hours, which at a selling price of 0.001 minimum gave a total of 1000 btc or over 100k dollars to the 4-5 guys that made it up... truly fantastic!).

Honestly since CNC I stopped following these stupid new coins, so I am not in a position to say whether someone was capable to do even better, but I opened this thread so you can throw your estimates.

Right now, in my opinion, each new coin doesn't even bring into the authors' pockets more than 5k each, but it's always good money for a one off fantasy fork of a previous coin (LOL I wish I had the skills to do one by myself).

Hopefully as the marginal utility to produce new coins fall to zero we will see the end of this necessary experiment of the free market, which I truly find entertaining, interesting, and educational.

[BrewCrewFan]

Gullible people unfortunately are finite in numbers and the pump and dump scheme related to each new alt coin is generating less and less money to their creators. Probably so far the most successful story has been the feathercoin, which might have brought to the bunch of guys that came up with it something like 50k$ each minimum in one week (my personal estimate, but I'd like to hear yours). Another really profitable was MNC, mined in one million pieces within a couple of hours, which at a selling price of 0.001 minimum gave a total of 1000 btc or over 100k dollars to the 4-5 guys that made it up... truly fantastic!). honestly since MNC I stopped following these stupid new coins, so I am not in a position to say whether someone was capable to do even better, but I opened this thread so you can throw your estimates. Right now in my opinion each new coin doesn't even bring into the authors' pockets more than 5k each, but it's always good money for a one off fantasy fork of a previous coin (LOL I wish I had the skills to do one by myself). Hopefully as the marginal utility to produce new coins fall to zero we will see the end of this necessary experiment of the free market, which I truly find entertaining, interesting, and educational.

I would settle for 5K hell I be happy to bring in 100 ( still have not hit that yet in the month I have been mining )

[seleme]

Gullible people unfortunately are finite in numbers and the pump and dump scheme related to each new alt coin is generating less and less money to their creators. Probably so far the most successful story has been the feathercoin, which might have brought to the bunch of guys that came up with it something like 50k$ each minimum in one week (my personal estimate, but I'd like to hear yours). Another really profitable was MNC, mined in one million pieces within a couple of hours, which at a selling price of 0.001 minimum gave a total of 1000 btc or over 100k dollars to the 4-5 guys that made it up... truly fantastic!). honestly since MNC I stopped following these stupid new coins, so I am not in a position to say whether someone was capable to do even better, but I opened this thread so you can throw your estimates. Right now in my opinion each new coin doesn't even bring into the authors' pockets more than 5k each, but it's always good money for a one off fantasy fork of a previous coin (LOL I wish I had the skills to do one by myself). Hopefully as the marginal utility to produce new coins fall to zero we will see the end of this necessary experiment of the free market, which I truly find entertaining, interesting, and educational.

Do you provide oxygen tanks for people to use after reading this?

[fenican]

What amazes me is the people who lost their shirts on FTC, CNC, etc... keep coming back to throw even more money at new scam coins.

Seems there is a fortune to me made off these idiots.  Must be mostly white collar professionals whose wives are not watching the checking account

I mean ... China Coin ??  Seriously Seriously ? Very low IQ move to buy 10 or 100 BTC worth of that turd

And sex coin?  If you're buying that please grab a magic marker and write "IDIOT" on your forehead

[Baneroks]

Sex Coin sounds fine =))

[Hydroponica]

Sex Coin sounds fine =))

[Arbitrageur]

Do you provide oxygen tanks for people to use after reading this?

I know I should have thrown some spaces here and there. I'll edit it now for a better reading

[Wilderness]

What amazes me is the people who lost their shirts on FTC, CNC, etc... keep coming back to throw even more money at new scam coins.

Seems there is a fortune to me made off these idiots.  Must be mostly white collar professionals whose wives are not watching the checking account

I mean ... China Coin ??  Seriously Seriously ? Very low IQ move to buy 10 or 100 BTC worth of that turd

And sex coin?  If you're buying that please grab a magic marker and write "IDIOT" on your forehead

this

[Hazard]

Only people who lost their shirts on CNC were the bagholders who bought after it hit the exchange. Everyone else made some sweet profit

Side note: Who remembers when WDC was trading at 50 LTC / thousand?

[fran2k]

PXCs, 1 M premined, around 50k USD.

[ondratra]

after releasing tutorial how to create your own tutorial - i think we are already at the end of shit coin profitability

[Passion_ltc]

after releasing tutorial how to create your own tutorial - i think we are already at the end of shit coin profitability

Phenixcoin will be the next. 1 Million premine. Giveaway of a few hundreds just. -.-

They are releasing many websites, but it seems like not one is working properly yet, just the pool and the poker site. Let's see when it hit's an big exchange and the guys are vanishing as fast as their services are appearing.

[baritus]

Gullible people unfortunately are finite in numbers and the pump and dump scheme related to each new alt coin is generating less and less money to their creators. Probably so far the most successful story has been the feathercoin, which might have brought to the bunch of guys that came up with it something like 50k$ each minimum in one week (my personal estimate, but I'd like to hear yours). Another really profitable was MNC, mined in one million pieces within a couple of hours, which at a selling price of 0.001 minimum gave a total of 1000 btc or over 100k dollars to the 4-5 guys that made it up... truly fantastic!). honestly since MNC I stopped following these stupid new coins, so I am not in a position to say whether someone was capable to do even better, but I opened this thread so you can throw your estimates. Right now in my opinion each new coin doesn't even bring into the authors' pockets more than 5k each, but it's always good money for a one off fantasy fork of a previous coin (LOL I wish I had the skills to do one by myself). Hopefully as the marginal utility to produce new coins fall to zero we will see the end of this necessary experiment of the free market, which I truly find entertaining, interesting, and educational.

Do you provide oxygen tanks for people to use after reading this?

  that's funny.