Quote from: flound1129 on September 23, 2013, 10:25:28 PM

Quote from: Jriker1 on September 23, 2013, 10:06:52 PM

Quote from: paulm on September 22, 2013, 12:36:21 PM

Good to know, however I was watching the multipool one evening and saw it switch to WDC and soon after LKY jumped up to 10.8. It took about 10 minutes before the switch over to LKY. LKY is only profitable to mine every three-four days and only for about 20 minutes. If we don't jump onto it as soon as it becomes profitable then there isn't much point in having it on the multipool.

I sometimes think the maturity speed of a coin should be considered for profitability. LKY is dumb to mine to me as it takes hours for the coin mature and probably half a day for it to finally clear in cryptsy to sell. By then the coin value has dropped considerably. Guess you can hold it for the next rise but don't have the patience to track all my coin sales to that level.

And when I say maturity speed should be considered, referring to maybe we shouldn't be mining coins that take forever to mature after you mine them. But perhaps that's just for the way I mine and sell coins so is a singular opinion.

JR

As I've said before, most if not all of the altcoins are likely going to 0 over the long term, because none of them are doing any serious development of a market of any sort for their coin. It's a real shame, because as I've also said before, it's still anyone's game; BTC only has a 2 year lead which is practically nothing on any long-term scale.

If LKY is at 1200%, then it probably makes sense to mine even if the price drops by 50% before you can sell it (which as far as I can see, is not a common occurrence. The daily fluctuation is in the order of 10% or so). Your concerns are valid, however, and if I had to go back and do this over again I probably would not add LKY or ARG. However, as I've already done the work to add them and it costs me practically nothing to keep them on, and they do give a small amount of additional profit, there's not really a reason to remove them at this point.

I agree, LKY doesn't become profitable to mine because its value has gone up, it's because its difficulty has dropped precipitously. It doesn't happen very often but when it does, it only makes sense to mine it. I wouldn't mind if more coins which are some times highly profitable were added to the pool.