Is mining toast?

[Prolifik]

People have thought ripple is a scam ever since the first news of it came out.

Also has like trillions of coins so, there's that.

[krone9]

I think I formed most of my opinion by reading this:
http://ripplescam.org/

[Sonny]

Altcoin mining will be profitable until hash rate goes up too much.

Or maybe people will then make another clone and start the pump and dump again

[atc1]

Altcoin mining will be profitable until hash rate goes up too much.

Or maybe people will then make another clone and start the pump and dump again

That's exactly what's been happening for the past few weeks.

[ohiofarmer]

I think I formed most of my opinion by reading this:
http://ripplescam.org/

That site is ridiculously biased... I wrote a post rebutting Ripplescam: http://crypt.la/2014/01/22/unexposing-the-ripple-scam-rebutting-ripplescam-org/

[krone9]

thanks for posting that - there's still several things I don't like about Ripple after reading it, but I'd rather make that decision from a more educated position!

[greenlion]

In the article posted by the OP, the person being quoted is making a value proposition for Ripple by describing it as having the basic properties of a DAC, but the entire analysis neglects the fact that Ripple has a central point of failure.

Ripple could "succeed" if regulatory authorities decide that that fact gives them the ability to subvert and control it, or Ripple will die faster than anything you've ever seen in this space if authorities decide to go after it.

[R0yalAir]

IS mining other crypto currencies is still profitable?

yes

that depends !
what's your mining hardware ?