Post
Topic
Board Mining (Altcoins)
Re: 8th Alt coin thread. Or what to do now that asics are all over the place.
by
sNaKeyz0r91
on 16/05/2019, 06:21:09 UTC
As long as alts don't properly take off we'll remain in low-profitability-land.

I'm finding it quite strange however that on the days where alts do pump, profitability hardly goes up. It's like hashpower comes out out of nowhere and immediately increases diff. There's probably so many automated mining bots out there that any little opportunity is squashed as it appears. We need a widespread alt bullmarket for this massive global hashpower to be absorbed.

Makes me think we might see all time highs again, but not in terms of daily mining profitability. Way too much hash out there.

asics  sit and wait for a lot of alts to pump.  So a flick of the switch and they turn on.

Think of zec  how much hash do they have  z miners  are like 50 cards.
I'm not even talking about asic algos... But look at CN/r and variants, x16, C29, Beam... All that stuff is at the same profitability level as a week ago. It's like nothing even happened! Cheesy

Raven did not pump in value much
Grin did not pump in value much.

Last I looked raven was not at 7 cents
And grin was under 2 dollars.

Are you waiting RVN to reach 1 dollar to sell?

I have a lot of RVN


https://coinmarketcap.com/currencies/bitcoin-interest/
BCI is   8.6 cents
I would sell ½ of it at 86 cents


And thinking that a few months back we mined it at over 1.2$...
I remember the day when I was doing 11-14 coins per day with a 1080ti rig and now I see 36 coins/day Smiley
I'm also holding BCI.