Right now, they are only worth what people are willing to pay, with them you buy a certain unit of PPD to help the folding cause. To convert selfish miners to folders.
That's all for now, but it's really big imho.
Originally Posted by LtStinger
Ok so I've been thinking about this for a while and even though I know very little about curecoin, and the whole mining industry in general...
I still want to invest in this idea,simply for the reason that the "you're helping a cure" folding mentality is combined with this mining craze. I think it has potential...would we call this a penny stock?
My main question is, let's say I have 1000 dollars to throw at it. Would my money be obviously better invested by buying coins outright in the market? Or better invested buying GPU(s)?
My second question is, is this a special type of stock, or will any broker exchange usd for it? How does it become actual dollars exactly?
I know the questions are really noob. I've always wanted to get into it but never understood it enough. Never really understood what this super-computer network was "processing" in the first place. But if we're after a cure, it's just the push I needed to start...maybe it will be someone else's too.
Thanks for the help in advance.
You can buy cheap coins and sell them later for profit, or speculate with your own hardware, dedicating some gpu and cpu power to it.
I'd do both, buying gear for mining or folding is not a guaranteed profit, but it can be.
If you sold every curecoin you got right now, you'd be making 3.5usd per day, per r9 290, roughly.
Me personally, I'm holding them till they get to 0.01btc per unit or more. And even if they do, I will only sell what I need to cover power costs and pay some bills.
You can monitor price at www.poloniex.com
, read this site for more info: https://bitcointalk.org/index.php?topic=603757.0