LTC waste of time mining, What is the point to waste 4 GPU to make $3 per day?
You're completely throwing down for the most ignorant statement of the week with this!
If you can only see "today", then you might have a point.
I mined BTC when it was pennies each and LTC when it had ZERO value.
In 6 months when those coins might be worth $100 each, it kind of changes the equation.
~BCX~
Of course your right, and its this point that the OP misses completely. Its the possibility any other alt (old or yet to come), including LTC, could be the next bitcoin, and thats why we will continue to see new coins.
Thats not the point im missing, thats the point your missing...
There are too many, you cannot distinguish which one will be the next success, ok, some of you will say "I know, I have been around, I can tell" ok, but the majority here will be busy mining other shit alts while the more experienced actually hop on board with the Good one. It just wont work now.
Its not hard to see. The good alt gets lost in the sea of shitcoins and cannot be found by the majority to make it a success, in a nutshell.
I dont think anyone can tell which alt will be the next success. Maybe there will be several - maybe there will be none. Maybe only BTC and LTC will only ever be worth anything - maybe they wont? Maybe they will plummet to earth in value and be overtaken by something else? No-one here mines an alt because they think its shit. Deep down we all believe the alt we're mining is or will be worth mining in the longer term or we wouldnt be mining it. For some thats because of what its worth on the current market, or what we think it will be worth next week, or next year. For many people here (including myself) the importance is not so much about "what I know I can make right now in today's market", but what we might make in the future. Personally, I switch between mining alts that are worth something now (and I sell or dump them to help pay my mining costs), & then I might spend some time mining an alt that you cant even trade yet...because one day it might be worth something. Sure, I could go mine LTC and make some definite $$ but thats today & now - who's to say LTC will be worth anything next week, any more so than another alt? And why should I mine LTC that might make me $20/wk now, when I can mine another alt that might be worth $100+ one day? Its all these maybe's and reasons why alt's will continue to be released. Everyone wants to be an early adopter of a coin that becomes worth something one day & is why new coins will continue to be released, and people will continue to mine them - even at a loss.