Cool story bro!!!

The difference between all of the people you described and me is I am running 26Mh/s and still earning .010 per Mh/s per 24hr. ; )

Quote from: grendel25 on May 12, 2014, 02:34:22 AM

Quote from: stacksmasher on May 12, 2014, 12:59:00 AM

We are still making big bucks but unlike the past..... people are finally keeping their MOUTH SHUT!!!

Why would we spoon feed people when ultimately it takes money out of out our pockets. Thats why all the multipools are dying.

And that's almost sound logic. Almost. Well, it almost comes close to being sound logic. Never mind, close only counts in horseshoes, hand-grenades, and nuclear war.

So here's the thing. It's only a matter of time until some industrious 20-something markets a pool that automates the process of mining smaller more profitable coin and converting again to the bitcoin gold-standard. that's what H2O or whoever the middlecoin is did last year and I wouldn't be surprised to see it again.

That guy was making $4K - $7K+ daily just on 2% or whatever fees and he was "the" pool to be in for the better part of a year.

Nice theory though about "keeping their MOUTH SHUT." It's fun to daydream. Yes, I like to daydream and eat cotton candy, point at magical unicorns and such while frolicking in the wood... or whatever it is that I do in daydreams.

So let me daydream an explanation that is more inclusive of important details:

1. The $1K-ish btc prices have been gone for months. if we hit 6-700+ you'll see people mining with whatever they can. The current prices are break-even for many and not even profitable for some so they turn off the GPU miners.

2. Asics are arriving but many of the people using them are the same people who previously had GPUs and they are being wise in how much they put into Asics because it's not unlikely that GPU mfrs will be putting out amazing power efficient cards in the near future: 750 Ti is just the tip of the iceberg.

3. No one keeps their mouth shut. LOL

4. It's summer, it's hot. Another reason for traditional GPU miners to drop out and not everyone has the fiat to invest into Asics

5. There was a buzz and a honeymoon period in the past 6 months. A lot of noobs bought GPU rigs and had no idea how hard it would be. You can see some of these folks selling their equipment now in various threads usually with a line something like, "I've had enough of mining for now" or "Mining wasn't for me" or "wife got fed up with mining" etc etc etc

6. Some industrious miners with nothing but time on their hands or are highly motivated have moved on to explore mining the x11, vert, dark coins, or whatever else.

7. When you tally up just the coin switching multi-pools you are talking over half of the LTC network hashrate. Not saying this means that everyone is mining ltc or even scrypt. Just saying that the majority still are. So to say that there's been any monumental movement of mouth-shut miners to some promised land of dark coin profit is not tangible.

That's how I see it. So really, not saying you're totally wrong. Just that you're close and that's there's way more to consider in all this. To simply say it's dark coin or whatever a niche group is off doing is narrow and non-inclusive of important details.