I tried to mine on coinmine last night and with 4, 7950s it said I only made 3 coins last night, I was like wtf??
Doing more or less 6 every day (getting worse by the day) with a single R9 290 and 4 big quadcores (total cpu+gpu at 3.5Mh/s during the thay and only 1Mh/s during the night).
Yeah, the price needs to go up a bit to make it worthwhile to mine. I think we are recovering right now since the folks who got cheap coins from the big dumper(the guy who stole coins from C-CEX) yesterday are reselling for small profits. I expect the price to stay down for a couple days due to this and then start rising again.
It's actually a really good sign that the price didn't tank completely. We're down a bit but with the amount of coins dumped we're not doing bad at all. Also, a lot of new people were able to buy cheap coins and get into the coin, I do feel bad for anyone who lost coins on C-CEX, hopefully they can recover...
I was thinking the same thing. The rebounds are incredible. Other coins would have been utterly destroyed. As for C-CEX, it still has my BTC locked.