Well, 24 hours mining Swing with one Antminer S3 for a total of 45 coins.. worth a grand total of $0.37 AUD (australian dollars).
S3 uses 360 watts, electricity costs 22c/kWhr so i nominally used $1.90 with of power- but as I run my miners on solar PV that I otherwise sell to the grid at 1.3c/kWhr it didn't cost me much.
But the point is: how can people be attracted to this coin? Total coins created to date..converted to AUD means I could buy the lot for about $4k. Is this really just the very very beginning of the coin.. or is it going to follow the well trodden path to obscurity along with TIT coin etc..?
I'm happy to run a core and throw a miner onto it to help.. I just would like to know am i missing something about the coin and its prospects?
Remember that when mining Swing the POW reward is not only based on the last 3 digits of the block number the POS reward is based on, but also the multiplier which is based on a 10000 block cycle. So you might want to wait a couple thousand blocks before mining if you are worried about getting the best ROI.
Example: for block 83801 the POS reward would be 8.01 Swing, the POW reward would be 2.40 Swing (POS reward * multiplier = POW reward).
https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FhDPwemw.png&t=558&c=UAI6rsgr3kgNXA