But Rimbit looks dying as well and if you do this there is a high chance to be dumped even more (thought I'm not sure if there will be good buy orders for dead/dying coins). What is the reason for even considering doing this?
Rimbit is not dying as our users hold the coin rather than use exchanges to buy and sell. (I attribute this in a great part to Rimbit being a POS coin and people like to see Interest trickling in)
Our userbase is very different from those who are comfortable on the Internet and many of our users are using a forum for the first time
Our hope is that by introducing mining via proxy (other coins), that we also start to see movement on exchanges, instead of people holding onto Rimbit.
Rimbit has been trading for over 2 and a half years and we still fund internal projects and occasionally some forum member projects, so we are quite healthy, except on exchanges.
Its quite evident that the average person is happy to purchase Rimbit, which introduces them to the Crypto world, but are hesitant to not only participate in forums, but are also very uneasy about using exchanges.
So by grabbing dying coins, we introduce new people to Rimbit who are more comfortable on the Internet and can help/offer advice and participate on our forums and also contribute to some of our projects that we run.
We have a RaspberryPi that we are testing and a few people in our community are already running them, which Rimbit sponsored the project and we hope to have them widely available soon
We are also working on our own Exchange, which will be run by forum members (as its their project)
So NO, we are not dying, but we are not doing the best on Exchanges and we hope this move will not only help us, but also get some coins back on their feet
EDIT: I should clarify that we dont rely on our survival from Exchanges, but we do realize the importance of them and this move is to show people (like in your comment) that we are doing quite well and have been doing so for a long time now