Post
Topic
Board Altcoin Discussion
Re: GPU mining= profitability going down the drain.
by
paulcipher
on 04/04/2014, 04:21:33 UTC
What I am doing is continuing to mine what I think has a future and diversifying my portfolio. 

What other than BTC has a future? You can't do anything with any other "coin", they're all hot air and none of them offer anything different. The whole altruistic idea of pre-allocating for a certain population is stupid too because the ONLY thing anyone will do with it (IF they can figure out how) is cash out. NO ONE is going to offer any legit goods or services for any other than BTC and even that is pretty sketchball. All this shit is smoke and mirrors. You were correct that the people making the money are the ones selling the mining equipment but even that has had a short-lived bubble as that is no longer profitable because the market was flooded with these extremely over-priced and uncomplicated specialized computers. The general populace was interested for about 30 seconds but no longer cares. Pretty much there is no money nor any future in any of this. If you want "coins" then just buy BTC, sit on it and sell it when the bubble inflates again or just buy shit with it. Either way any other "coin" doesn't DO anything and isn't good for anything more than a cheap yet fading rush when you mine a few thousand and for about a milisecond you think oh man this might blow up! Then you realize that's not happening nor is it going to ever happen. Waste of money, all of it. So many better things to invest in... short or LONG term.