Quote from: anteater2009 on March 13, 2014, 02:37:28 AM

There used to be a time when miners used to mine altcoins and just hold them as an asset. I could just choose an altcoin, keep my miner pointed at for several weeks and finally sell it for a bargain (Not just dump it for the highest bidder). There were times when the value of altcoin just used to go up with difficulty level.

Now the altcoin scenario is highly saturated. New coins coming everday and miners are rushing to quickly mine-pump-dump the coins. Buy orders are also shrinking for most of the alts. Adding to this is new exchanges being announced for some of the new alts. So I cant just keep my miner pointed at a coin for more than 2 days. Ironically the value of some of the coins drops with increasing difficulty. A look at most of the topics in Alternate cryptocurrencies section just seem to be self promotion posts.

Simply I used to make 0.006 BTC per day with my 640Kh/s when BTC was 800 to 1000 USD. But now I'm not able to reach those levels (except when I caught the trains with Maxcoin, Myriad...) with BTC valued at 630 USD. Am I the only small scale miner here experiencing these or are you guys all switched to mining farm?

There's a huge amount of new blood coming into crypto currencies, they've only been paying attention since Dogecoin kicked off so are under the mistaken impression that the trick is to get in early and get out on the first pump. They haven't seen what a real price hike looks like yet and are just hopping around from coin to coin looking to make a quick buck. When bitcoin rallies again and the strong alts skyrocket they'll realise how much they've thrown away and settle down.

Just work on stockpiling the stronger coins. The landscape will be very different 6 months from now.