Mining SolidCoins is now 4 times more profitable than Bitcoins !!!

[the joint]

And now it's less profitable.  Solidcoin sucks.

[smoothie]

And now it's less profitable.  Solidcoin sucks.

LOL. Price dropped nicely.

[ElectricMucus]

Well now we wait for #4 useless cryptocurrency clone.
Comeon this gonna be the lucky one 

[Bobnova]

Pretty sure they were at 21,600ish and now at 21,500ish.
Maybe it was 20,600ish?  I donno.
They're certainly leveling out now.

[Kermee]

First drop.

21,515 to 20,522.

BTC to SC parity is about 0.0177934 at the moment but it's more like 0.021'ish due to high rejects (8-10%) that all the pools have.

Cheers,
Kermee

[CoinHunter]

Yep we had our first drop, it was exciting.

Good to see the network prove itself fast and reliable under all mining conditions presented so far.

[the joint]

My bet is that from now on (at least until the market crashes or some dude decides to buy like 100,000 of them) mining for SC will be approximately as profitable as mining for BTC.  Once profitability goes up a bit -- say, 120% -- people will sell by the hundreds to cash in on the BTC.  Once profitability goes down a bit -- say, 80% -- G/Hash falls, the remaining ones buy up the coins, price goes back up.

The 5X profitability worked until the network hashrate caught up with everything.  Now, G/Hash is low, but difficulty is still up.  If somehow the G/Hash remained the same and the difficulty dropped while SC value remained at it's current level, then you'd see 3-5X profitability again.