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Author Topic: Why are there no SHA-256 coins more profitable for mining than Bitcoin  (Read 1122 times)
Gazza1 (OP)
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April 16, 2014, 04:09:59 PM
 #1

Scrypt Alts are more profitable than Litecoin so why aren't SHA-256 alts more profitable to mine than Bitcoin?  All the ones I see are actually worse.

Impossible is a word found only in the dictionary of fools.
BitJohn
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April 16, 2014, 04:44:44 PM
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Scrypt Alts are more profitable than Litecoin so why aren't SHA-256 alts more profitable to mine than Bitcoin?  All the ones I see are actually worse.

A couple reasons I would think. For one Scrypt coins are held up by the cost of mining since miners wont sell at a loss (or shouldn't). GPU mining is more expensive so the cost of Scrypt coins is higher. At least that would be my guess.
tokyoghetto
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April 16, 2014, 04:49:41 PM
 #3

as soon as any sha256 coin becomes more profitable than BTC, its gets `pound me in the ass prison gang raped` by ASIC terrahashers. At least that is my theory.
Zzzack
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April 16, 2014, 05:20:44 PM
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as soon as any sha256 coin becomes more profitable than BTC, its gets `pound me in the ass prison gang raped` by ASIC terrahashers. At least that is my theory.

^^

I wish I could mine something more profitable than BTC, but we are all checking coinwarz

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Gazza1 (OP)
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April 16, 2014, 05:21:27 PM
 #5

That all makes sense

Impossible is a word found only in the dictionary of fools.
noirtalks
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May 19, 2014, 07:13:47 PM
 #6

a good option is to mine at a profit switching multipool like noirpool.com that pays out in a strong currency like NoirShares
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