This coin used to be promising with higher profitability than ETH at one time
Goodbye for now. I already sold all my 12k SIGT @ 3800 sat before the halving
My initial plan was to buyback before the 2nd halving. I may not do it now because of the rift between the Devs and Marketing Team
Just the fact that crowetic (burstcoin scandal) was part of the Team and the Dev Doc cursed a lot (youtube live interview) scared the hell out of me
You are right. And that higher profit early on was due to higher rewards per block.
Right now, SIGT and ETH are running neck and neck (Nvidia). If you take the time to think about it, that makes perfect sense. When SIGT runs higher profit than ETH, ETH miners switch over to get SIGT then immediately sell it in order to buy ETH. That means SIGT will almost always stay around the same return as ETH.
However, when the next halving takes place, that relationship will only remain if SIGT has returned to around 3300.
It will be interesting to see what happens at the ends of block 60K.
One thing is for sure, the fact that SIGT is neck and neck with ETH sort of makes you look like a Chicken Little. All SIGT has to do it rally over 1700 and it is ONCE AGAIN more profitable than ETH.