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Quote from: ckolivas on March 29, 2014, 02:44:44 AM

Altcoins were developed only so that people could mine on commodity hardware and it be impossible to mine on ~~GPUs~~ ~~FPGAs~~ ~~ASICs~~... oh shit, why do they exist now?

Maybe it is time you take a strong look at Nxt! Wink

No thanks, I took a long hard look at bitcoin and liked what I saw and still like it today.

You were discussing Altcoins if I am not mistaken... Undecided

Not really, I was dissing them.

Regardless... there is an answer to your question... Roll Eyes

I hate to be pedantic but I wasn't... oh forget it Tongue

Hence the drop of GPU support after 3.8. I agree alts are a side show, like clowns. IMHO they're only good for pump n dumps to make more btc

Bitcoins are to dollars as altcoins are to dimes.

When I have enough dimes.........

You can call them clowns all you want but I make my kids tuition payments with the altcoins I mine.

Bitcoins too, just for the record.

Just remember there are many altcoins that are 4000% more profitable than Bitcoins and at least TWICE as stable.

Everytime China farts BTC crashes.

This is nonsense. Perhaps alts are 4000% more profitable than Bitcoins if you're trying to mine both using a GPU, but no-one is mining BTC with GPUs right now.

The Antminer S1 is $450 right now and will earn around $9.50 a day. I don't think any scrypt mining hardware can come close to returning $9.50 per day with a $450 hardware investment right now.

I like the way you think. keep thinking like that, cuz it lowers the diff for me. I am beating BTC by a couple percent with SHA alts nearly every day. Think what you could do with a couple gridseeds...

I did imagine what I could do with a couple of Gridseeds, and it gives me nightmares. Gridseed miners are quite possibly the worst hardware buy available right now. Each one costs around $200 for 400 MH, and pays a earns a paltry $1 per day, with means they will take ~200 days to ROI not including power costs and difficulty increases.

It takes ~5.6 MH right now to earn a single litecoin per day, which is worth a whopping $14 each.

About the only thing worse than buying Gridseed miners right now would be pre-ording a Titan.