I'm curious what everyones' thoughts are on alt currencies. It seems like only those with expensive setups or start mining before anyone else really see a profit. With all the alt currencies out there, they surely all cannot be viable. Is there room on the internet for more than one type of currency? It seems like currencies are only being released so that the creator can pump it, dump it, and rake in the profit.

I for one am definitely mining different types of currencies in the hopes of making a profit. Seems like one could be a lotto ticket.

Cheers.