GPU mining= profitability going down the drain.

[wasamata]

Where are the profitable Asic resistant coins? 

[1714473796]

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[1714473796]

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[1714473796]

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[1714473796]

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[passionsurf]

I've been worried about this lately too. Because now the coinwarz profitabilty for 1000 Khash has dropped to under $4 per day, whereas two months ago it was around $15 per day. Have these prices fluctuated much in the past? I only first started looking at the markets 2 months ago, so I don't know what coinwarz showed in 2013.

Essentially, I'm wondering is now the time to sell all my mining hardware?

[El Dude]

the altcoin game is over , too many crap coins.

Hodl Litecoin and Bitcoin .

[wasamata]

Yeh, Im wondering if it's time to switch to an asic resistant coin, are there any profitable asic resistant coins out there, because clearly gridseed are raping the GPU coin market..

[kalus]

the altcoin game is over , too many crap coins.

Hodl Litecoin and Bitcoin .

lol @ litecoin not being an altcoin

[El Dude]

the altcoin game is over , too many crap coins.

Hodl Litecoin and Bitcoin .

lol @ litecoin not being an altcoin

nope , not when the devs contributed to the bitcoin/litecoin protocol . It's no longer a altcoin.

[kalus]

the altcoin game is over , too many crap coins.

Hodl Litecoin and Bitcoin .

lol @ litecoin not being an altcoin

nope , not when the devs contributed to the bitcoin/litecoin protocol . It's no longer a altcoin.

yep, when the litecoin hashrate and difficulty can be lowered by a fucking dogecoin.  

[alani123]

http://bitcoinwisdom.com/litecoin/difficulty

Scrypt asics are already out, you can clearly see that the ltc difficulty hasn't risen a bit but there are many coins more profitable than litecoin when it comes to mining now. I personaly have laready switched to scrypt-n mining. Those coins are asic resistant, I think their price will rise in the future.

Maybe that's why multipools are less profitable now. Because they're being flooded with high hashrate asic rigs. Whatever the case is, scrypt mining is nothing like bitcoin mining. I remember year ago I would not mine because my daily earnings were 0.01 BTC and it was something like 2$ back then...This was prety stable until it boomed again with dogecoin. I was getting 0.07 a day and since everyone abandoned litecoin for doge, the next week litecoin had a crazy profitability.

moral of the story: never stop mining.    

[wasamata]

Is there a Script Jane asic resistant coin profitability chart?

[El Dude]

the altcoin game is over , too many crap coins.

Hodl Litecoin and Bitcoin .

lol @ litecoin not being an altcoin

nope , not when the devs contributed to the bitcoin/litecoin protocol . It's no longer a altcoin.

yep, when the litecoin hashrate and difficulty can be lowered by a fucking dogecoin.  

yes many litecoin miners , started mining doge and then traded it for Litecoin.

thats why now the litecoin difficulty is higher then dog  and still soaring
thats why dogecoin tanked  and is sitting at 0.00087

the dogecoin pump and dump is over , only noob bagholders still think dogecoin is the better coin.

[alani123]

Is there a Script Jane asic resistant coin profitability chart?

Nope. But it's still easy to calcuate it for your own if you know what your hashrate is and you have an account to a pool. Pools usualy provide you with the necessary stats.

[kalus]

yep, when the litecoin hashrate and difficulty can be lowered by a fucking dogecoin.  

yes many litecoin miners , started mining doge and then traded it for Litecoin.

thats why now the litecoin difficulty is higher then dog  and still soaring
thats why dogecoin tanked  and is sitting at 0.00087

don't care about dogecoin. We're both illustrating how quickly the hashrate can be drained from litecoin to a memecoin.  litecoin is less secure than you think.

[se1111da]

http://bitcoinscrypt.org/

http://theotherbitcoin.com/

Decentralized through Vanity Voting

https://cryptocointalk.com/topic/3449-decentralizing-development-through-vanity-voting/

[wasamata]

Is there a Script Jane asic resistant coin profitability chart?

Nope.

Why not.
Get on it someone.

[jc12345]

Thinking about it, why would someone buy an altcoin as there is not much that can be done with it. Everyone just converts back to BTC. There is no future earnings potential and you cannot buy something with it. The problem is that there are too many coins out there, with each one following the same pattern from rise to demise. What is needed is a market with only a few coins that are actually accepted as payment. Asics sold out on the basic principle of distributed processing by ruining both Bitcoin and soon Litecoin for the man on the street. Any Scrypt coin is doomed imo. The future for the man on the street is Asic resistant algos like scrypt-n, but then there must be some kind of motivator for people to buy it. It seems like the markets are just full of bag holding miners that want to sell. We need buyers for the coins and who will buy coins if they cannot do anything with them? The buyers out there I think is getting tired of ending up with bags of worthless coins. A lot of the new coins have weak markets because buyers dont want to burn their fingers over and over. The GPUcoin that has just launched is a atep in the right direction by providing some kind of value if it does end up being accepted for GPU purchases, but that is not enough as we need something more than that that is accepted as payment for stuff, not just being traded for other coins. If BTC can be an indicator, perhaps we should learn from it and replace Litecoin with an Asic resistant coin as the BTC alternative produced by the man on the street, not by a few powerful companies. That is of course if we want to keep processing distributed and in the hands of the man on the street.

If we dont keep processing decentralised, we can just as well usea central model where digital money is produced centrally.

[FoBoT]

any miner that thinks these levels are unprofitable, please take your hash offline, sell your cards and move to florida
those that mined through last summer 'at those profit levels' laugh in your general direction

[bl0ckchain]

the altcoin game is over , too many crap coins.

Hodl Litecoin and Bitcoin .

What you'll see in the next couple of years will be a 'big three' emerge; Bitcoin (BTC), Goldcoin (GLD), and Litecoin (LTC).

[Amph]

lol at mining litecoin, litecoin is doomed, like every other pure scrypt, asic will centralize them as they did with bitcoin

i say mine vertcoin

[itsik78]

Where are the profitable Asic resistant coins? 

Now that you have "ASIC" for Scrypt as well, the only good resistant coins are the CPU coins.
Try MemoryCoin. It has a bright future in my opinion and it's price right now is at the lowest point it would be on.

[wasamata]

any miner that thinks these levels are unprofitable, please take your hash offline, sell your cards and move to florida
those that mined through last summer 'at those profit levels' laugh in your general direction

What are you on solar power or something? Its barely break even FFS.