I had read that a while ago, it says he will do it,
but not why.
why keep supporting something that does not generate money and kill what is generating money, that is the alt coins.
I make 10 to 1 in altcoins vs bitcoin mining.
and i have several asics, but
they are pointless because they are too expensive, takes way too long to get here an make them work, by that time, the difficulty is so high that they produce next to nothing, in altcoins that doesn't happen so fast, so you can do profit, that's why I ask that.
of course he can do what he wants is his program, is a great program, but i was just curious, nothing more.
Did you read the whole thing? It DOES say why. Let me crop out a few parts:
I am making a conscious decision and taking a stance to only support bitcoin by doing this and will consider all discussions regarding alternative cryptocurrencies as offtopic from here on. It is absolutely clear that we are in a stage where only ASICs matter in mining bitcoin, and
cgminer is moving with the rapidly changing landscape that is bitcoin mining.I honestly think all the alternative cryptocurrencies will go nowhere. The only reason to mine them is to find something that can be profitable by converting it to BTC.
The BTC difficulty is increasing because more and more people are buying newer and newer hardware. The network doesn't just increase by 500x in a one year span without people buying the hardware, and mining on them. CGMiner is at the forefront of running those millions of dollars of hashrate, BTW.
And as far as your ASICs are concerned, it's not Con's fault people bought a bunch of BEs or a Jalapeno and realized they're too expensive / hard to maintain to successfully mine any coins from them. Those ASICMiner devices have always been overpriced. ASICMiner and Avalon units consume way too much power. Those BFL Singles are decent devices. Those AntMiners look very promising. KNC or BitFury are amazing devices. I dare you to ask anyone who has any of those and see if they're losing money.