Yeah this thing is a bitch to mine. I have 90mh and it's giving be about 250/day
It's really not even worth it, someone currently has 398 root for sale on c-cex at 12499 satoshis ea. If you'd pointed that 90Mhash at nicehash for the last 24 hours you'd have netted
BTC0.036576 which would have bought you 292 root including fees. Until / unless the difficulty goes back down below 300, I think I get better value pointing my meagre 38Mhash elsewhere.
That means those coins for sale are cheap
Well according to btminer8's numbers that depends on the difficulty, 600 or under and technically it'd be cheaper to buy the hashing power and mine the coins, except of course if you buy yourself a GH and throw it all at the network at once, you'll push the difficulty back up through the roof, which has been what has been happening most of the day as I've watched both the price on NH and the Net Hashrate for root jump up and down together with each other. For not having to spend all day glued to the screen trying to find a moment when mining is worth it, and then gambling that you can get in and out again and come away with more than just a handful of coins before the difficulty rises up towards ~900 again, for the convenience of not having to go through all that, yeah I'd say they're decently priced.
Personally I've mined some, I've bought some, I've even sold a few, I bought some at a higher price than I'd have liked but I wasn't sure what scarcity was going to do to the price. If Bitsta comes through with the "compensation" then I reckon I'm holding about 2000 root, which isn't bad, I'm pretty much tapped out right now without having to sell other things, or go buy btc with fiat, (which I'll probably have to do if I want to buy into RootEX) but 2k is reasonable I think for PoS even if I don't get any more, and isn't too huge a gamble. We're all wise enough to know by now it's not going to be as big as bitcoin, and nothing is ever going to knock BTC off the throne, but while I had been preaching that altcoin's days were numbered, I think there is room in the market for 2 maybe even 3 coins over the long term, there is a definite need for anonymity for certain transactions
*cough* no one buys drugs on the internet *cough*, and sticking your bitcoins in a mixer is a lousy hack of a solution, it's expensive and not really anonymous enough if an attacker is determined. LTC's only "feature" that grants it its 2nd place is its faster confirmation time, but that's not enough to keep it around against coins with more innovative features, not when you can't actually spend it anywhere. BTC has value because you can buy actual things with it, every other altcoin all you can buy is btc, the only way for any other coin to survive long term is to either become accepted by merchants selling actual things, or else have a need to be constantly traded, for instance even if no one ever buys or sells anything with root, if a market uses a system to transparently exchange your btc for root and then back into btc before sending it to the merchant it would anonymise the transaction and keep root alive and actively traded. I'm pretty certain that at least one coin is going to fill this gap in the market, it's a race and a gamble and a prayer as to which becomes the defacto standard. But root's features look good, so maybe...
