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?