UFO is not at all profitable to mine now thanks to the reward halving and the price not changing at all.
Matter of what your situation is. If you don't have hardware to pay off short-term, and you're not running costly, thirsty, low-neoscrypt-hashrate AMD kit (looking at you, Vega...) and have expensive electricity, it's most certainly profitable.
But I'm going to continue anyways as the revival efforts are going well and very strong dev team.
After I saw bushstar's announcement last August that he was coming back to work on UFO (and FTC), I immediately started mining it. 50-60K per day with a small 3MH/s rig, diff was between 0.5 and 1.5, and I could only find one active pool. It was trading between 2-5 sat for several months. Even so, it was much more profitable than any other coin by 2-3x. A secret hiding out in the open.
Now, post-halving, that little 3MH/s trooper
still draws 3-4K UFO/day; at 30-35 sat that's $12-20/day. But I'm not selling. That million+ UFO I mined last fall is worth 10x now.
Question is, do you think 30-35 sat is it? No more upside? Not me, not by a long shot. Just look at the
rest of the market. One can only wonder what will take the place of BTC in coming years (care for transaction fees of $100+?
), and how that transition will affect altcoins.
