Why all coinsprices dropped down? i earned with asic scrypt 30mh more last month

[timmy1979222]

last month i earned with my 30mh asic scrypt miner more,but now with most coins same difficulaty,i earn less.why?
and why coin prices dropped down?

[silvestar]

last month i earned with my 30mh asic scrypt miner more,but now with most coins same difficulaty,i earn less.why?
and why coin prices dropped down?

Which scrypt coins are you talking about exactly? 

[timmy1979222]

last month i earned with my 30mh asic scrypt miner more,but now with most coins same difficulaty,i earn less.why?
and why coin prices dropped down?

Which scrypt coins are you talking about exactly? 

Not definitly one, but bynow all have dropped, of the scrypt coins.and i dont know why

[Amph]

because you are contributing to dump, like all the other scrypt miner, why buying scrypt when you can dump them with more profit?

[timmy1979222]

because you are contributing to dump, like all the other scrypt miner, why buying scrypt when you can dump them with more profit?

i am sry,since i am new here, what do you mean with dump?`i am just mining them.

[Amph]

because you are contributing to dump, like all the other scrypt miner, why buying scrypt when you can dump them with more profit?

i am sry,since i am new here, what do you mean with dump?`i am just mining them.

but you sell them everyday right, or you are holding? usually dump is selling a big amount and causing the price to crash, but in general we refer to dump as a selling

[timmy1979222]

yes i sell every day, is that wrong?
but i dont understand why all altcoin prices scrypt i mean, dropped down. did something happen?
with my 30mh i am able to make half profit now

[phzi]

yes i sell every day, is that wrong?
but i dont understand why all altcoin prices scrypt i mean, dropped down. did something happen?
with my 30mh i am able to make half profit now

Prices drop because people sell.  You have been selling all of your scrypt coins since you started mining.  So, if you want to know "what happened" to scrypt prices, look in a mirror.

[BrewCrewFan]

yes i sell every day, is that wrong?
but i dont understand why all altcoin prices scrypt i mean, dropped down. did something happen?
with my 30mh i am able to make half profit now

People are now able to mine scrypt faster and get more coins, faster than people can buy them. I figured that would happen shortly after the asics came out, and yep,  Scrypt is dead unless you were one of the lucky ones who could afford one right off and got it right away... now it will be like BTC mining, the hardware you buy now wont have any type of return on it.

[timmy1979222]

yes i sell every day, is that wrong?
but i dont understand why all altcoin prices scrypt i mean, dropped down. did something happen?
with my 30mh i am able to make half profit now

People are now able to mine scrypt faster and get more coins, faster than people can buy them. I figured that would happen shortly after the asics came out, and yep,  Scrypt is dead unless you were one of the lucky ones who could afford one right off and got it right away... now it will be like BTC mining, the hardware you buy now wont have any type of return on it.

What you mean if i were one of the lucky ones?
I wanna buy 400mh machine,is it worth?will i earn?
and is it neter with my 30mh machine to only mine new altcoins now and wait that they raise??

[verloren]

What you mean if i were one of the lucky ones?
I wanna buy 400mh machine,is it worth?will i earn?
and is it neter with my 30mh machine to only mine new altcoins now and wait that they raise??

If you are lucky, you get the ASIC early.

400Mh will not pay back unless you get it early compared to the others. Even then, it is unlikely to get ROI.

Very few new altcoins for scrypt - mostly X11, X13, XMH coins now, and no ASICs available yet. Scrypt coins are unlikely to raise too. What multipools do is mine a lot of altcoins, then dump it on the market when converting to BTC. More coins are sold than bought, so profitability drops.

[timmy1979222]

What you mean if i were one of the lucky ones?
I wanna buy 400mh machine,is it worth?will i earn?
and is it neter with my 30mh machine to only mine new altcoins now and wait that they raise??

If you are lucky, you get the ASIC early.

400Mh will not pay back unless you get it early compared to the others. Even then, it is unlikely to get ROI.

Very few new altcoins for scrypt - mostly X11, X13, XMH coins now, and no ASICs available yet. Scrypt coins are unlikely to raise too. What multipools do is mine a lot of altcoins, then dump it on the market when converting to BTC. More coins are sold than bought, so profitability drops.

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

[Lohoris]

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

ASIC = application-specific integrated circuit

[Starscream]

People are now able to mine scrypt faster and get more coins, faster than people can buy them. I figured that would happen shortly after the asics came out, and yep,  Scrypt is dead unless you were one of the lucky ones who could afford one right off and got it right away... now it will be like BTC mining, the hardware you buy now wont have any type of return on it.

This is just wrong.
ASIC doesn't make a coin being mined faster, you should know this as a sr.member.

What ASIC does do is centralize the coin so that there are less people involved -> less community -> less potential investors and an inevitable price lose.

BTC is the exception to the rule simply because it has so much fuckin' PR it's unbelievable.

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

No they can't.

[timmy1979222]

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

ASIC = application-specific integrated circuit

yes,but as i remind these can mine everthing https://www.hashcoins.com/buy-scrypt-miners/buy-triton-miner/
https://www.hashcoins.com/buy-scrypt-miners/buy-notus-miner/
http://blissdevices.com/shop/neon-mining-card/

so,there will be no asic resistant,prices of x11 and so on will dropp,and will be like asic scrypt

[Starscream]

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

ASIC = application-specific integrated circuit

yes,but as i remind these can mine everthing https://www.hashcoins.com/buy-scrypt-miners/buy-triton-miner/
https://www.hashcoins.com/buy-scrypt-miners/buy-notus-miner/
http://blissdevices.com/shop/neon-mining-card/

so,there will be no asic resistant,prices of x11 and so on will dropp,and will be like asic scrypt

Errr, what?

None of those devices are real. Got anything that's NOT vaporeware?

[timmy1979222]

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

ASIC = application-specific integrated circuit

yes,but as i remind these can mine everthing https://www.hashcoins.com/buy-scrypt-miners/buy-triton-miner/
https://www.hashcoins.com/buy-scrypt-miners/buy-notus-miner/
http://blissdevices.com/shop/neon-mining-card/

so,there will be no asic resistant,prices of x11 and so on will dropp,and will be like asic scrypt

Errr, what?

None of those devices are real. Got anything that's NOT vaporeware?

i mailed with them, and hashcoins are real, i phoned with them, and mailed several times. you can phone too.maybe i will order that


and look this
https://www.flowertechnology.com/product/lilac/

scrypt-N also mines

[Starscream]

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

ASIC = application-specific integrated circuit

yes,but as i remind these can mine everthing https://www.hashcoins.com/buy-scrypt-miners/buy-triton-miner/
https://www.hashcoins.com/buy-scrypt-miners/buy-notus-miner/
http://blissdevices.com/shop/neon-mining-card/

so,there will be no asic resistant,prices of x11 and so on will dropp,and will be like asic scrypt

Errr, what?

None of those devices are real. Got anything that's NOT vaporeware?

i mailed with them, and hashcoins are real, i phoned with them, and mailed several times. you can phone too.maybe i will order that

Lol. So what if you mailed and phoned them.
Those products are "under development" - i.e. don't exist.

Go read about all the scams in the crypto scene and you'll see you could mail and phone them. That doesn't mean much. All it takes is 1 guy. No company, no factory, no development team, nada.

[timmy1979222]

there is a point you missed, new asic can mine every algorithm, i asked at the companies, not every asic,but some of them can mine all algorithm

ASIC = application-specific integrated circuit

yes,but as i remind these can mine everthing https://www.hashcoins.com/buy-scrypt-miners/buy-triton-miner/
https://www.hashcoins.com/buy-scrypt-miners/buy-notus-miner/
http://blissdevices.com/shop/neon-mining-card/

so,there will be no asic resistant,prices of x11 and so on will dropp,and will be like asic scrypt

Errr, what?

None of those devices are real. Got anything that's NOT vaporeware?

i mailed with them, and hashcoins are real, i phoned with them, and mailed several times. you can phone too.maybe i will order that

Lol. So what if you mailed and phoned them.
Those products are "under development" - i.e. don't exist.

Go read about all the scams in the crypto scene and you'll see you could mail and phone them. That doesn't mean much. All it takes is 1 guy. No company, no factory, no development team, nada.

hashcoins will ship in september, i mailed 2 days ago

[Starscream]

hashcoins will ship in august, i mailed 2 days ago

I will also ship in August, I will even give you an mail and a phone number.

Wanna send me your money ?