Quote from: FP91G on Today at 12:23:13 PM

Quote from: MidNite36 on Today at 09:15:08 AM

ETH pow is presently trading at 13$ per coin, I saw this coming as it's already too oversold, it was 8$ days ago and I was waiting for the coin to crash down to the 5$ range but now I think it's not going to happen again, hopefully the mining difficulty goes down in few months later.

Mining of this coin is now unprofitable, as well as other forks. And on expensive video cards, the profit is so minimal that the payback of video cards takes several years. Until now, there are a lot of video cards in mining, and many miners are looking for profitable coins.

For the ETHW though I think that many miners go wrong on this coin.I know it is very early to talk about it but most probably this coin can afford to go to like 50-200 USD for a coin in the long run and collecting it now at a low difficulty can be a good choice.

Since there are no real profitable coins even for really high end GPU-s it is wise to mine a coin who hold big promises (I don't know if they will fulfill them or not but they promised to be the next ETH) and hold it for the long term.Mining right now for any other purpose does not make a lot of sense.