Post
Topic
Board Altcoin Discussion
Re: Is this real? 8 hours mining YAC
by
St.Bit
on 03/06/2013, 18:05:15 UTC
Anytime a new crypto currency is created, early AWS/botnet miners try and sell it immediately at 5 ltc per 1k of x-coin. No buyers, now, they were burned.
Well, they are stupid and deserve to be burned if they act like this.

I never understood why someone would mine a new coin if they don't belive in it. Mining your 100k probably wasn't a problem for you, but buying so many is usually impossible witout paying far more than they were worth at that moment. There is no way to get so many new altcoins witout spending more than they are worth.