Post
Topic
Board Pools (Altcoins)
Re: [ANN][Pool][Profit-Switch][Optional Auto-Exchange per Coin][Vardiff] ~ Hashcows
by
matsonj
on 27/02/2014, 06:43:17 UTC
So a profitability of 70 is compared to bitcoin right? wouldn't it be much better to compare it to another scrypt coin like LITECOIN ?

I mean its all good and dandy, but bitcoin is asic territory. Its completely useless to compare it to it

It's actually quite useful to compare to Bitcoins. Most people use this measure as an indication of how good coins are to mine and as it's easily the most recognizable cryptocurrency, it's easy for people to understand. You can compare all SHA26 and Scrypt coins to either Bitcoin or Litecoin in terms of profitability. If you check a site like coinchoose.com, you can see that. It would really only be helpful to compare to Litecoin profitability in cases were coins can only be exchanged for Litecoins and not Bitcoins, but that is a pretty rare case.

Besides, Bitcoin is the coin with the most liquidity in terms of fiat currency, which is what most people are working towards anyway.