Quote from: DarkMiningBTC on January 08, 2014, 02:32:42 AM

Quote from: Thorgrim on January 07, 2014, 09:37:21 PM

Quote from: DarkMiningBTC on January 05, 2014, 05:29:08 AM

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

I haven't read the whole thread but to answer the OP. No, Alt coins are not dying they are just taking a rest.

Almost the exact same thing happened back in April-May last year as is happening now.

A rig would pay for itself in a month so a whole bunch of people got into mining. Then that increased competition to the point where mining was barely worth it. Then Bitcoin took off in October and after a bit of lagging behind the Alts followed which made mining very profitable again. Profitable enough that a whole bunch of new people started mining trying to make a quick buck. Now there is so much competition again that mining is not as profitable.

I assume since your join date is Dec 19th that you are still pretty new to this game and haven't experienced this for yourself.

Here is a tip. Pick a quality coin, I recommend Worldcoin and keep mining it even when not very profitable. Although profits are less when measured in dollars a larger number of coins are mined when profitability and difficulty are low. Mine and hold your coins, don't sell for at least 6 months and thank me later.

Of course this will only work with quality, mining a shitcoin that will likely die off isn't going to work so stay away form gimmicks and memes.

I've been doing a bit of research into earth coin and that seems like a pretty good quality coin, though I do know worldcoin is a VERY high quality coin to go for. Do you recommend me mining worldcoin or earthcoin at this point?

I personally believe that this year bitcion will take off, and when it does the alt-coin which will benefit the most is litecoin. So mine LTC now before the difficulty rises suddenly and drastically.