Mining future looks grim

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Mining future looks grim

April 03, 2014, 09:01:46 AM

just got a 6 card mining rig (around $4000) and each currency looks like its sky driving to the ground. WHAT THE HELL. Sad

What do you think about future mining?

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DubFX

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Re: Mining future looks grim

April 03, 2014, 09:04:07 AM
Last edit: April 03, 2014, 10:48:44 AM by DubFX

Minings rigs are worth nothing at all if you are mining bitcoin, maybe you should look into altcoins.

trc

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Re: Mining future looks grim

April 03, 2014, 10:45:51 AM
Last edit: April 03, 2014, 10:58:26 AM by trc

ASIC resistant alt-coins will survive and others will be destroyed unless they make serious changes. Sure the scrypt ASICs will make some easy bucks the first month or so but they will burn out very quickly; even more so than the first Bitcoin ASICs.

I personally wish that Litecoin, being the mom of scrypt coins shall take the chance/lead and move on to Scrypt-N or similar and put a stop to upcoming powerful scrypt ASICs while they're being produced and let them go WTF?! instead of all the people with GPU miners trying to be a part of the game.

>> nope

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