Altcoins are anything but independant of BTC. The recent slump is to be expected when BTC falls upon hard times in the public eye - less speculators with faith in BTC means even less speculators buying up cheap altcoins. Scrypt ASICs from gridseed are also playing part, very likely.
If your power is expensive, scrypt mining with GPUs may soon be (or already be) unprofitable for you. Such is reality.
The problem here is really the low value of the coins atm...
If we think that...
Alt-Coin -> BTC -> USD -> EUR, when it finally gets to my account fees and craps/currency conversions, eats away the money...
Like everyone else here, im trying to get some money on the side... i have invested some money but this whole situation its getting me nervous...
Will the coins recover their value? What the story with the Gridseed asic? There is something new? From what i saw last time, the chips where not that fast on scrypt... 5 for 330khash, 10 for 3 mhash... 7w for each usb... 70 total on 10 but way expensive...
Best Regards,
LPC