Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
Pardon me for I'm new to the pool - part of the oncoming 'feasters'.
Wouldn't the famine cycle be 'normal' LTC mining converting to BTC? At which point the only disadvantage is the high fee.
Wouldn't the famine cycle be 'normal' LTC mining converting to BTC? At which point the only disadvantage is the high fee.
No, this mines multiple scrypt coins and converts them to BTC. It mines whatever is more profitable, so it should net more than what you would get from LTC mining.
I'm new to it but not an idiot
. I get that.I am saying - in the "famine" cycle that jamesc760 is referring to.
Mining scrypt under the assumption you're running GPUs (safe assumption) would mean that the current 'baseline' for mining profitability is LTC. Therefore, worst case scenario you're making LTC mining rates/MH - 3.4% OR more if there is a more profitable alt.