Will you still mine litecoin and/or altcoins?

[BitCoinPokerBro]

If bitcoin drops below $100/ea for a significant amount of time (coinbase/btc-e quote). Assuming LTC stays around 1-3% of btc.

[El Dude]

of course .

[beegatewood]

no if it is not profitable.

[triplexoid]

If bitcoin drops below $100/ea for a significant amount of time (coinbase/btc-e quote). Assuming LTC stays around 1-3% of btc.

It highly depends on difficulty. If a lot of miners are gone - difficulty may drop down enough for the rest to stay positive on balance.

[HCLivess]

If bitcoin drops below $100/ea for a significant amount of time (coinbase/btc-e quote). Assuming LTC stays around 1-3% of btc.

It highly depends on difficulty. If a lot of miners are gone - difficulty may drop down enough for the rest to stay positive on balance.

Not many people realize that this is one of the main principles that will cause people to always be attracted to Bitcoin/Altcoins. If oyu go away, someone else will get your reward.

[Alohaboy?!]

of course .

+1

[chinabreak123]

no，every coins will die if btc is dead

[anderl]

If bitcoin drops below $100/ea for a significant amount of time (coinbase/btc-e quote). Assuming LTC stays around 1-3% of btc.

It highly depends on difficulty. If a lot of miners are gone - difficulty may drop down enough for the rest to stay positive on balance.

Remember that there are a lot of people that live in dormitories, apartments, parent's basements that do not pay electricity.  BTC can drop to $10 and they will still be mining.  They already have the infrastructure and if they have been mining for more than a year have paid off the cost of it.  So they will accumulate coins hoping one day that BTC will go to $1000, $10,000, $100,000.

I would be very concerned about how prolonged the negative profitability lasts.  For giant mining farms that provided hosted hashing, they have high costs.  I have 50 rigs and my electric bill runs a little under $6000 a month.  I have capital in reserve for about a month or 2 of mining at a loss but I'm private.  If you are leasing you better make sure the company you are leasing hashes from doesn't just shut down in the middle of your contract and run away with your money.

[Snail2]

BTC isn't dead even at $100. Take a look at the yearly charts and you will see that at $100 you still have nearly 300% profit if you bought some BTC a year ago (~$33).

[BitCoinPokerBro]

BTC isn't dead even at $100. Take a look at the yearly charts and you will see that at $100 you still have nearly 300% profit if you bought some BTC a year ago (~$33).

You got the wrong idea. BTC will always have a market even if the price drops vary low. Altcoins on the other hand weren't that popular a year or even 6 months ago. So this thread is mostly speculating on the hypothetical future of altcoins should these events occur.

[ozzy1926]

and whats the most profitable coin to farm with gpu atm?

[FoBoT]

you aren't asking anyone that was mining before oct 2013, because except for a few spikes, your condition existed. those who started mining before the prices jumped last fall will surely continue what they started before the big money came

[hellscabane]

you aren't asking anyone that was mining before oct 2013, because except for a few spikes, your condition existed. those who started mining before the prices jumped last fall will surely continue what they started before the big money came

Precisely. I think a lot of the people that have been mining alts for a year will continue to mine for a long time to come. Frankly, I wouldn't be surprised if a lot of them are willing to take slight losses for possible long term gains.

Of course, in that case we get into the whole mining vs. buying issue, but that's another topic.

[FoBoT]

 Frankly, I wouldn't be surprised if a lot of them are willing to take slight losses for possible long term gains.

Of course, in that case we get into the whole mining vs. buying issue, but that's another topic.

i pay my electric bill with my fiat salary, i view it as the same as putting $ into my 401(k), so yes, i am looking long term. i don't dump my mined coins to pay for my gpu's or electricity

[hellscabane]

 Frankly, I wouldn't be surprised if a lot of them are willing to take slight losses for possible long term gains.

Of course, in that case we get into the whole mining vs. buying issue, but that's another topic.

i pay my electric bill with my fiat salary, i view it as the same as putting $ into my 401(k), so yes, i am looking long term. i don't dump my mined coins to pay for my gpu's or electricity

Agreed. I do the same thing.

I budget out the several hundred I need for electricity from my salary. As for my coins, I save a bunch of them, convert a portion to BTC, of which I convert some back into fiat as play money.

[BitCoinPokerBro]

Thank you everyone for participating in this thread. 

Please keep the comments coming.

[hostmaster]

why not i only care electrocity price

[cflocation]

of course .

This