Quote from: hendo420 on December 29, 2013, 05:40:55 AM

Quote from: traderCJ on December 29, 2013, 05:36:51 AM

Even Litecoin is a joke.

Litecoin keeps us GPU miners going, don't diss Litecoin.

Before you say, why not buy an ASIC. I have an asicminer blade. I have had it 3 months and it still has not mined back the bitcoins I spent on it. Yea the value of the bitcoins I mined went up, but so wouldthe bitcoins I spent had I kept them.

Thus try not to spend bitcoins on such things.

What I did was spend BBQcoins on them, since they were an almost free windfall (their difficulty was low enough for almost a whole year that they could be CPU mined so I just had a core of one of my remote servers mine them all year).

Sure I had to turn the BBQcoins into bitcoins on the way to cashing them out, but I gritted my teeth closed my eyes and pretended I was spending the BBQcoins, trying to ignore the awkward fact they were in bitcoin form momentarily in the process.

A whole heck of a lot of them got stuck as bitcoins though so I try to view it has having lucked into vast numbers of bitcoins plus also some nice rigs, instead of as having not held on to as many bitcoins as I could have.

Basically I got so many bitcoins from those BBQcoins that it seemed reasonable to diversify.

Plus those BBQcoins had taught me that it is the coins that are not on exchanges that have the largest potential for profit.

Once a coin gets onto an exchange it tends to get harder to mine it. A coin on an exchange might need all your block eruptors all pointed at it to get a few, whereas the ones not on exchanges yet each eruptor could be pointed at a different one and do well, if there were as many such coins as you have eruptors.

Part of why I bought ASICs was there was no place to buy I0Coin and GRouPcoin and CoiLedCoin and GeistGeld so I wanted to merged mine as many as possible before the masses realised they were leaving all of those out of their merge.

As it was, I0Coin got back onto mmpool and then an exchange before I had much time at all to take advantage of its low difficulty. I had hoped for many months of quietly picking it up with all those block-eruptors that I bought.

Bitparking's mmpool also picked up GRouPcoin when it picked back up I0Coin, so I also didn't get much time to pick up GRP at low difficulty with my block-eruptors. But CoiLedCoin and GeistGeld are still nicely under the radar so are coming in all day every day at a nice rate...

-MarkM-