Altcoins dying????

[niothor]

Anyone who doesn't think that altcoins are dying, take a look at coingen's status page today.

http://coingen.io/status.html

this is after 2 days.

Tell me this is fake.

I am shocked that MILF Coin is still available... lol

Coingen
We received your request to create milfcoin .
The monkeys, however, are waiting for 0.2 BTC to be sent to 14zPjwvyBsUydAefJjH2eJHqEBdJs2CoTG before they start building milfcoin .

[brandnewuser]

altcoins dying? look at ronpaulcoin price on coinedup and be surprising

[dewdeded]

No fake and all these guys PAID for these generated coins.

[jomay]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

Just read a bit into this thread; all I can read in your posts is:
1) you bought some graphics cards, hoping to make a quick buck
2) now you are scared/upset that it doesn't work out

Part of me wants to be really tough with you. Because your expectation is to make a quick profit. And you apparently did not do any research before jumping into mining. You just thought of the free 900-1200$/month you'd make. No risk, no skills needed, no work involved. And as it doesn't work out you suddenly talk about coins dying. What now? If it was that simple to make money, I'd rent out a warehouse and run 100's of 7950's.

The story repeats itself every 6-12 months. We've already been there in June 2013. Many new coins had crazy high profitability for some time - but then suddenly they lost value and Litecoin was the most profitable altcoin to mine. And eventually a rig like yours would make 2-6$/day after energy costs. Which sounds like a fair price to me.

Read this about a guy who made a loss mining litecoin in 2013; learn from his mistakes:
http://reckoner.com.au/2013/08/im-done-mining-litecoin/


Now regarding the economics of altcoins. Let me ask you:

Why would anyone pay you $30-40 a day for running 2x7970 or 3x7950? There is almost no special skill involved, no market entrance barrier and if you thought you could make a quick buck, so did 10.000's others!.

Profit maximising by all miners (and switching coins/pools) is going to equalize the profitability of all listed coins. Soon LTC will be as profitable as most other altcoins. Because people like you learn how to pick the most profitable one and increase the difficulty to be on par to its market price.

The other effect is that more people jump onto the mining bandwaggon and drive up the difficulty overall until it is barely profitable to mine any coin. We are talking $2-5/day after energy costs for your 1500kH/s - which sounds about fair.

This is a free market and YOU have to find a niche where you can compete in mining, for example:
a) low energy costs? (as low as 0.10$/KWh in the US)
b) well informed regarding new altcoin releases?
c) can take a lot of risk/have money => invest in ASICs?

There is tons of other ways to add value to the community and hence to make money. You could start trading, develop better coins, run a mining pool, create a website for spending coins, lottery, poker etc.

And eventually all coins may die with you holding a bag full of BTC.

[decrypter]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

Just read a bit into this thread; all I can read in your posts is:
1) you bought some graphics cards, hoping to make a quick buck
2) now you are scared/upset that it doesn't work out

Part of me wants to be really tough with you. Because your expectation is to make a quick profit. And you apparently did not do any research before jumping into mining. You just thought of the free 900-1200$/month you'd make. No risk, no skills needed, no work involved. And as it doesn't work out you suddenly talk about coins dying. What now? If it was that simple to make money, I'd rent out a warehouse and run 100's of 7950's.

The story repeats itself every 6-12 months. We've already been there in June 2013. Many new coins had crazy high profitability for some time - but then suddenly they lost value and Litecoin was the most profitable altcoin to mine. And eventually a rig like yours would make 2-6$/day after energy costs. Which sounds like a fair price to me.

Read this about a guy who made a loss mining litecoin in 2013; learn from his mistakes:
http://reckoner.com.au/2013/08/im-done-mining-litecoin/


Now regarding the economics of altcoins. Let me ask you:

Why would anyone pay you $30-40 a day for running 2x7970 or 3x7950? There is almost no special skill involved, no market entrance barrier and if you thought you could make a quick buck, so did 10.000's others!.

Profit maximising by all miners (and switching coins/pools) is going to equalize the profitability of all listed coins. Soon LTC will be as profitable as most other altcoins. Because people like you learn how to pick the most profitable one and increase the difficulty to be on par to its market price.

The other effect is that more people jump onto the mining bandwaggon and drive up the difficulty overall until it is barely profitable to mine any coin. We are talking $2-5/day after energy costs for your 1500kH/s - which sounds about fair.

This is a free market and YOU have to find a niche where you can compete in mining, for example:
a) low energy costs? (as low as 0.10$/KWh in the US)
b) well informed regarding new altcoin releases?
c) can take a lot of risk/have money => invest in ASICs?

There is tons of other ways to add value to the community and hence to make money. You could start trading, develop better coins, run a mining pool, create a website for spending coins, lottery, poker etc.

And eventually all coins may die with you holding a bag full of BTC.

+1

[Slingshot]

 So why even bother to support these obvious Pump & Dumps ?

 Maybe because greed is getting the best of you?

 These recent profit levels wont last for scrypt coins. Your all being far too unrealistic. Just last summer it was merely a few dollars a day with 3 - 7950's at 1800KH/s. In 2013 rarely were profit levels anywhere near as high as right now, and every time they spiked like they have now you don't want to know what came next!


 The current phase starting here and now is getting the better coin types to market, like bitcoin already is.
==================================================================


 DON'T SUPPORT these pumpcoins and these dumpcoins. Or your effectively doing others (the fools rushing in these last several weeks) harm as well. Sure we all get temptation. Sure I even took the bait a few times when it was easy pickings for a quick buck. But almost always I resist the temptation. I almost never mined and then sold. I only mined what I believed would be longer term successes and these days that's not the current crop of copypastecoins.


So: Re: Altcoins dying?

 Starting RIGHT HERE, Right Now: things just changed, again! Drastically. This is suddenly another new phase, the fifth phase in the last 12 months alone. I wont spell it all out.

 At this point in time I strongly believe it would be extremely wise and prudent to select the highest quality coins to mine.

 And remember, the developer alone can't do it all. Every coin needs a strong community. It's also a given the we must support and help the coins we chose to hold, one way or another. Otherwise this entire affair is again just going to harm others for the sake of what? Someone else's gain.

 So instead of focusing on all these cutcoins pastecoins copycoins catcoins now rolling out just to mine a ton of shitcoin for mere peanuts perhaps it would be wiser just to ignore the noise from here out.

 Or, in other words, from here out I don't give any time to any coin that first doesn't come to the table with a good name, and also most importantly offers something nothing else yet does, something better, or special, unique, that gives it a real good chance. And much better be a true Masterpiece.

 It's just too late in this Crypto Monetary Revolution for ever more copy cat coins. That phase is now being obliterated by fools rushing one copycoin after another copycoin. Forgetaboutthem. Their all doomed if that is all they have to offer. Every last one of them. If their not here already http://coinmarketcap.com/  , or at least haven't already been long since created and doing well by now then odds are their not going to make it at all, unless their cutting a new path, or a real masterpiece.


 Much hash power is being wasted on tiny gains, where as if one focuses on first learning about the coins, the best ones, what they each offer, what sets them apart, what is what, what's different, and how each can fit into the marketplace well after all that research and study, only then will anyone be making anywhere near a prudent choice. Till then maybe it would be best to simply use the KISS method. (Keep it simple stupid).

  In other words stick to the highest quality until you can determine yourself what are the best and better alt. coins. And don't forget about Kingcoin *Bitcoin*. It's the King, it's going up even when everything else is getting hammered, all over again, just as soon as the next super surge strikes it again. So there. That's from someone that took about 18 months of study, research, and much effort, to learn this, all from scratch. And took the time to offer what I think would guide you well. And hence how and why I sign my messages below!



All of these have a real good chance of going all the way!
====================================

http://bitcoin.org/ = The Masterpiece. & the King.

http://litecoin.org/ = a Masterpiece.

http://www.peercoin.net/ = a Masterpiece.
http://ppcoin.org/primecoin = a Masterpiece.

http://securecoin.org/ = a Masterpiece.
http://www.quarkcoin.com/ = a Masterpiece.

http://novacoin.org/ = a Multi-Cloned Masterpiece.
CosmosCoin.org = a Multi-Cloned Masterpiece.

http://cryptogenicbullion.org/ = My Personal Favorite & a Masterpiece.
http://www.bitbar.biz/home = My Personal Favorite & a Masterpiece.

https://anoncoin.net/ = a Masterpiece.

https://ripple.com/ = a Masterpiece.

http://www.sexcoin.info/ = a Community Built Masterpiece.


cryptometer.org - Historical Mining Rate Production Charts
http://cryptometer.org/index.html

http://www.thebitcoinchannel.com/


 BTC - Next stop = $2000, or $3000, or even higher, maybe to $4500 to $6000. Real fast. And will leave most if not all Alt. coins in ruins for a spell, just like in late October through Mid November, as many flock to safety on the BitcoinExpress. Only this time many others will realize to jump aboard after what they remember from just a couple of months ago!

 Lastly, the next trading range will be anywhere from roughly $1200 to $2000 or maybe $ 1600 to $2400 or $2000 to $3400 or as wide and wild as roughly $ 2000 to $6000.

 And of course I could be very wrong here. So beware. No one can know the future.


 Welcome to the BitcoinExpress!


 
Caveat emptor - let the buyer beware

[tokyoghetto]

ADT was just revived from the dead.

[niothor]

http://www.quarkcoin.com/ = a Masterpiece.

LMAO

[dewdeded]

Transactions last 24h

DOGE:  87,773 (Go shiba!)
Bitcoin: 61,567  (gg #1)
Litecoin: 12,709 (haha)

See:
http://bitinfocharts.com/

[niothor]

Transactions last 24h

DOGE:  87,773 (Go shiba!)
Bitcoin: 61,567  (gg #1)
Litecoin: 12,709 (haha)

See:
http://bitinfocharts.com/

Avg. transaction value

311,598 DOGE ($71.34 USD)
13.67 BTC ($11,480 USD)
4,501 LTC ($110,775 USD)

LMAOOOOO

[dewdeded]

Avg. transaction value for Litecoin is $110775?!?!? Wat?!?!

[niothor]

Avg. transaction value for Litecoin is $110775?!?!? Wat?!?!

Big wallet moving his coins. Simple.

Btw  , where's your sexcoin situated against those three?

[dewdeded]

It's coming.

[niothor]

It's coming.

Coming or cumming?
Btw , I heard that porn website are embracing bitcoin and not sexcoin. Who would have guessed?!?!?!

[Thorgrim]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

[DarkMiningBTC]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

[svojoe]

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

I'm a pretty big fan of Earthcoin,  Its not perfect and I have mined it solid basically since launch.  However now that I have a little pouch full of EAC I am going to start mining something else,  Either LTC or BTB likely and let it ride for a while so I don't have to babysit my miners as much. 

I like EAC, but maybe you should mine it for a few days and then do WDC?   I think diversity can be healthy too!

[decrypter]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

I personally believe that this year bitcion will take off, and when it does the alt-coin which will benefit the most is litecoin. So mine LTC now before the difficulty rises suddenly and drastically.

[DarkMiningBTC]

everythings dropping and dropping and dropping, well hopefully it'll rise.

[frank754]

This is a very rambling thread, but basically, being a fairly new miner, I'm mostly concerned with ROI over the next 6 months. According to the stats today 1.5MHs will earn $15 a day. If I built yet another rig with an R9 280X next week it would probably earn $7.50 a day with DOGE, EAC or BET. If I could build one for $7-800 that would mean a 90 day ROI before making any extra cash. After 90 days (even say in 30 or 60 days) - do most people feel that the 1.5M=$15 formula for scrypt mining will hold up or go up or down significantly, and by how much? What if the value of Bitcoin doubled, how would that affect the ROI as a variable in the above scenario? Just wanted to get this back on topic, as probably this general question is what a good number of participants here want to know. Build or just stick with what you have until a better technology comes out.