Altcoins dying????

[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?

[kalus]

altcoins are in confused seas.  

around Nov. everyone got insane over litecoin. all the cards on the market got sold out and they started mining in late nov/early dec.  difficulty skyrocketed (i think LTC tripled difficulty in Nov). These days you get casual miners adding 100khash here and there.  it's this new baseline hashrate that has really changed the economics of mining, and made it more difficult.

at the same time, 50 altcoins became 150 altcoins, and hundreds more variations are on their way. this will spread out what money is set aside for people's altcoin investments, and will dilute profitability amonst the new coins.  people are leaping on new coins due to the low initial difficulty allowing them to hoard lots of worthless altcoins on the off chance they'll be the next dogecoin.  

  it helps to see the market being under a gold fever:  everyone wants to get rich quickly, but everyone's lost common sense and the ability to do simple math.  

[mackcowanii]

The price of bitcoin is slightly lower, and the network hashrates have increased drastically. Haven't you noticed everyone is sold out of Radeon graphics cards? It makes it harder to make your ROI when you buy mining hardware now, but Altcoins as a whole are more alive than ever.

[Bigeyeone]

The altcoin market has been flooded with new altcoins recently; after the succes of doge, there seems to be a mentally among folks , if they can do that with a funny meme, so can I, of course all these new allcoins launchers have done nothing to boost demand for their  altcoin, like doge did, doge got a whole buch of new users interested in their coin, (the 4chan kids for example). that otherwise would have never gotten into altcoins.

So what we are seeing in the altcoin market is a torrent of supply of new altcoins, with no new demand hitting the market, so of course all these new altcoins not gonna be worth much and are not going to repeat the success of doge.

Unless of course the makers of a new altcoin, will find a hole new source of demand for their new altcoin, but that means innovative marketing, and a couple of threads on this forum is just not gonna cut it.

[DarkMiningBTC]

what do you mean alot more alive then ever? Yes more people might know about them but soon they're going to be SO FRICKING hard to mine (I speculate in 1 month a 1.5 MH/s miner will get you $5 a day that it's going to be like bitcoin mining. What do you think? I mean past 2 weeks the profit dropped by half. Will it ever go back up? ANd BTC's nearly 1000 again.

[ymer]

this altcoin craze has been going on for about 8-9 months now, probably people that are trading BTC or LTC for these altcoins are starting to realize that they are just holding big bags of worthless crap.

[DarkMiningBTC]

So what you are all saying is mining is basically dying right?

[coinerer]

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?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. We will see.

[_teknowiz_]

So what you are all saying is mining is basically dying right?

it may be.. but the alt-coin is the middle class man's free market. we are the free market. we decide. if alt-coin dies, something else will be born from it's ashes.

[jonanon]

Surely if mining is becoming more difficult then alt-coins can't be dying and must be doing the exact opposite - more competition means more interest amongst investors/miners etc  

[kalus]

it may be.. but the alt-coin is the middle class man's free market.

If alt-coin is the middle class' free market, then the upper class will come by and stomp on the middle class' sandcastle.  where do you think the whales come from?  they're not big-boned middle class folk.

[YoyodyneSystems]

When BTC goes up. Alts go down.

Makes sense. It's math!

[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?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. We will see.

so my 100GH/s SHA 256 RIG will survive lol?? I only mine altcoins (most profitable) same goes with my 20 MH/s scrypt FARM?? So as long as new coins are comming out your hardware will survive lol? Then why are they dropping like mad right now, two weeks ago they were $40 a day for every 1.5 MH/s

[sighle]

Altcoins aren't dying, they're in a frenzy...

[DarkMiningBTC]

So do you guys think my 100 Gh/s SHA 256 miner and my 20 MH/s scrypt mine will survive for a while on the most profitable alts? or will they be useless in the next month or two or whatever lol.

[coinerer]

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?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. We will see.

so my 100GH/s SHA 256 RIG will survive lol?? I only mine altcoins (most profitable) same goes with my 20 MH/s scrypt FARM?? So as long as new coins are comming out your hardware will survive lol? Then why are they dropping like mad right now, two weeks ago they were $40 a day for every 1.5 MH/s

Your daily earnings someone should pay. Don't worry, I don't pay your daily earnings now I will pay 1/10 of your daily break-even . Ofc, your rigs will survive too

[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?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. We will see.

so my 100GH/s SHA 256 RIG will survive lol?? I only mine altcoins (most profitable) same goes with my 20 MH/s scrypt FARM?? So as long as new coins are comming out your hardware will survive lol? Then why are they dropping like mad right now, two weeks ago they were $40 a day for every 1.5 MH/s

Your daily earnings someone should pay. Don't worry, I don't pay your daily earnings now I will pay 1/10 of your daily break-even . Ofc, your rigs will survive too

I'm sorry I did not understand any of that, might have read it wrong.

[svojoe]

Not dying,  I think they are hopping actually.    I think Alt-coin is the new wild-west,  fortunes will be made and lost everyday.   And BTC is moving again,  that means people are holding BTC and not selling for Altcoins.   It was only when a altcoin I am chasing dropped to crazy lows I did not expect did I move a sliver of BTC over and sell it for altcoins.    

Its really just math,  I think "more" money is moving into and around Altcoin than ever and its only increasing.  BTC paved the way,  LTC was the shadow ride along.  And now that they are both established they will provide the anchor and lubrication for a whole new economy of alt's.  

I think we are going to see some crazy stuff come out.

[coinerer]

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?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. We will see.

so my 100GH/s SHA 256 RIG will survive lol?? I only mine altcoins (most profitable) same goes with my 20 MH/s scrypt FARM?? So as long as new coins are comming out your hardware will survive lol? Then why are they dropping like mad right now, two weeks ago they were $40 a day for every 1.5 MH/s

Your daily earnings someone should pay. Don't worry, I don't pay your daily earnings now I will pay 1/10 of your daily break-even . Ofc, your rigs will survive too

I'm sorry I did not understand any of that, might have read it wrong.

In other words, there is time to mine, and there is time to buy and something between. It depends on the price and the difficulty of mining for me

[DarkMiningBTC]

Not dying,  I think they are hopping actually.    I think Alt-coin is the new wild-west,  fortunes will be made and lost everyday.   And BTC is moving again,  that means people are holding BTC and not selling for Altcoins.   It was only when a altcoin I am chasing dropped to crazy lows I did not expect did I move a sliver of BTC over and sell it for altcoins.    

Its really just math,  I think "more" money is moving into and around Altcoin than ever and its only increasing.  BTC paved the way,  LTC was the shadow ride along.  And now that they are both established they will provide the anchor and lubrication for a whole new economy of alt's.  

I think we are going to see some crazy stuff come out.

So altcoins will be profitable now that BTC is going back up? Will it be as profitable as they used to be? I mean if one's profibility goes down, theres more to come to replace it right? Just wanting to know because I have an excellent deal for a 500 GH/s miner for $800 from a close friend.