When do you think miners will start to switch to altcoins?

[electronicash]

Where else where they'll turn to but altcoins.
if you have some mining hardware but can't mine bitcoin due to the big miners from China where do they go but going after the altcoins that they can grab every penny. mining altcoins might just be worth than joining pools.

[QuintLeo]

VERY outdated question, mioers started switching to altcoins (and some like me STARTED with altcoins) back when Litecoin was first introduced YEARS ago.


 I suspect there are a very few cases of a bank granting a commercial loan to help establish a mining operation - pretty sure MegaBigPower got some of it's initial money from such a loan.
 Most such cases probably involved someone with very good credit getting a personal loan though, not specifying it was for "building a mining operation".
 Bad idea in general to get a loan to go mining, unless you have other income that can service the cost of the loan if your mining operation never meets costs.


 Bitcoin miners CAN change to altcoins - sell off the SHA256 hardware (or retire it as the case may be) and buy hardware to mine the altcoin.
 Debateable if that's "simple" but IMO it's not particularly complex.


 Very few folks invested in Doge hardware, NO ASIC manufacturer cared specifically about Doge since it's Scrypt and therefore Litecoin miners could be pointed at it (and most Doge over the last few months have been MERGED MINED by Litecoin miners).