timmy1979222 (OP)
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July 05, 2014, 07:32:50 PM |
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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?
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silvestar
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July 05, 2014, 07:44:25 PM |
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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? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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timmy1979222 (OP)
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July 05, 2014, 08:05:18 PM |
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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? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Not definitly one, but bynow all have dropped, of the scrypt coins.and i dont know why
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Amph
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July 05, 2014, 08:16:02 PM |
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because you are contributing to dump, like all the other scrypt miner, why buying scrypt when you can dump them with more profit?
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timmy1979222 (OP)
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July 05, 2014, 08:26:30 PM |
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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.
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Amph
Legendary
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Activity: 3248
Merit: 1070
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July 05, 2014, 08:33:13 PM |
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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
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timmy1979222 (OP)
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July 05, 2014, 08:36:40 PM |
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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
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phzi
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July 05, 2014, 10:42:26 PM |
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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.
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BrewCrewFan
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July 05, 2014, 11:16:50 PM |
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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.
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timmy1979222 (OP)
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July 06, 2014, 12:27:36 AM |
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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??
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verloren
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July 06, 2014, 07:45:12 AM |
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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.
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timmy1979222 (OP)
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July 06, 2014, 10:08:24 AM |
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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
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Lohoris
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July 06, 2014, 10:10:43 AM |
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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
![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ASIC = application- specific integrated circuit
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Starscream
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July 06, 2014, 10:16:32 AM |
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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.
![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 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.
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timmy1979222 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2014, 10:16:51 AM |
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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
![Huh](https://bitcointalk.org/Smileys/default/huh.gif) 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
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Starscream
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2014, 10:19:02 AM |
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Errr, what? None of those devices are real. Got anything that's NOT vaporeware?
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timmy1979222 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2014, 10:20:47 AM |
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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
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Starscream
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2014, 10:23:21 AM |
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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.
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timmy1979222 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2014, 10:24:07 AM |
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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
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Starscream
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2014, 10:24:44 AM |
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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 ?
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