Post
Topic
Board Mining (Altcoins)
Re: Fifth alt coin thread last four got too big.
by
EvilMonkey
on 15/08/2017, 21:20:54 UTC
...
skunk is killing zec at the moment

It was awesome while it lasted. Still don't know what they were mining with skunk on nicehash.

party started quite awhile ago.... I think NH is late to capture the moment

only SIGT is the coin that I know of using skunk algo and currently only available at Cryptopia exchange

yea, it was great while it lasted...

SIGT is currently trading $0.0526..... dropped -30%.... this could be due to dev leaving news or evil NH just opened the floodgates

It bounced back a fraction.

https://new.nicehash.com/miner/1JdC6Xg3ajT3rge3FgPNSYYFpmf53Vbtje




I am now at 24 a day  I was over 60 a day yesterday and it dropped to  13 a day

Once people used any kind of auto switching soft ware  it all  switched to sit and killed it.

This is why I don't care for auto switching software.  It flattens prices on hot coins. look at the chart





It wasnt autoswitching that killed it.  Nicehash was super late to the party.  I have been mining SIGT for 3-4 weeks.  I was making 17$ a day per 1080ti for around one week.  Around a week ago the 30,000th block was mined which increased the difficulty and the reward was also reduced around the same time.

This caused the price of SIGT to go up because it was harder to get which also ment we were able to mine at $5.50 for another week or so.   It has now got to the point where people are able dump it below profitable levels with a small dump so it is risky to mine.  But yes this is  when autoswitching can make it risky to mine but it can also mean you can mine it while its not getting dumped.