Originally Posted by korruptedkaos
your right about it being dead in here!
I think everybody is off looking what there options are instead of doge & possibly looking at updating there MH as they have seen the dip after the big boosts we have had lately.
either that or they all have exams & are busy doing other stuff.
just wondering what do you think is best coin to mine atm, Max has died now hehe!
maybe there should be a coin of the day thread Lol? what you think?
as for auto switching pools, I think they need to update asap to which coins there mining.
I think the majority of them are always going to be slightly behind the curve in that regard as they
are making money just fine - it's the actual miners that are getting screwed regularly. Yeah Max has been dying a not-all-that-slow a death over the past week... but there's been some good volatility in it as a result. There's really just a ton of garbage coins without anything new to generate revenue from recently. I've gone back to MEOW from time to time as the difficulty drops off a cliff once the news/price drops off, but I think there's still a little upside to it. Can't really say for sure until I see what a couple of days mining generates... seems like right around .03BTC/day at the current difficulty, but that's nearly doubled in the past 12 hours so I think it will be back to junk status in almost no time at all.
It seems like most of the switcher pools are hitting DOGE and TIPS (and I wish they would stop mining DOGE already...) but that's really confusing to me as TIPS is at a single satoshi in value... even though you can mine a ton of them... it shouldn't even be half as profitable as MOON - which should have already been retired as complete garbage by now.
As far as a coin of the day thread - there are resources like that already (though not on OCN) but it basically amounts to either one person's biased opinion or a pissing contest between 5-6 different coins' zealots/evangelists. I think it's ironic that things have cooled off now that BTC's value has fallen... yet that should make alts even more attractive as they now should either be trading higher against
BTC or at the very least it's a good time to accumulate BTC as the value is more likely to be oversold and thus show more upside potential once faith is restored. I guess there are those that feel that BTC is finished simply because a primary exchange for it was written by mentally-challenged orangutans - but if you don't believe in BTC... how can you believe in alt-coins whose very value is entirely measured relative to BTC's?!?!
Originally Posted by incog
If Doge stops being profitable then I'm really at loss as to which coin is the next easy no brainer. q_q
It's possible there isn't a next no-brainer... I think that's what many people are missing as an outside possibility. It's possible (not necessarily my opinion, but still a possibility) that the crypto-coin 'goldrush' is already played out. If there's not something to generate true-demand
for a new coin... then there's not any profit potential in it. In that way it really is like a ponzi scheme. Once you run out of people willing to dump new money into it in order to chase profits realized by earlier adopters... the artificial demand disappears instantly. Other than BTC,LTC,NMC and DOGE there are few other coins that anyone wants
(at least more than they want fiat or those coins already listed). Things like WDC, PPC, FTC and maybe a couple others are outside possibilities simply because of their age and familiarity (but even that's mostly contained within the mining community and not the public at large).
The real question you have to ask yourself is: "If no one were there to buy my coins... which one would still be worth mining?" If you can
answer that question... I'd say mine it and don't worry about it. On the other hand if you can't afford to just gamble with your electricity and hardware costs... then it might be more worth it to just sell everything and exchange the fiat for a coin to believe will appreciate long term - or invest the same amount in something/someone else you believe in. Edited by DiGiCiDAL - 2/20/14 at 4:05am