I agree with AlexGR and his inflation fact. For me i do not longer mine VTC because my expensive energie cost.
Only people mining now are those who have significant low energie cost. They only do it now because they still can make a profit with VTC and their GPU. Price will steady decline as it is doing over weeks now.
If only 25% of actual supply could be mined now selling pressure would come down and price can go up again.
This would result people come back and invest in VTC again.
Think about this and ask community. Make it real after community has decided and do it with the announced fork. I paid a lot of btc for my VTC and still hold them up to now, but at some point i also have to cut my loss.
Its also time to cut my loss on ltc. Only crypto i have over are then btc, vtc and drk.
By now drk is my last chance to go on with crypto without loosing around 5k.
I am related to crypto since end november 2013 and now after 7 month i work out day by day how this game works. As a nwbee there is only blood left on the crypto street.
Only people mining now are those who have significant low energie cost. They only do it now because they still can make a profit with VTC and their GPU. Price will steady decline as it is doing over weeks now.
If only 25% of actual supply could be mined now selling pressure would come down and price can go up again.
This would result people come back and invest in VTC again.
Think about this and ask community. Make it real after community has decided and do it with the announced fork. I paid a lot of btc for my VTC and still hold them up to now, but at some point i also have to cut my loss.
Its also time to cut my loss on ltc. Only crypto i have over are then btc, vtc and drk.
By now drk is my last chance to go on with crypto without loosing around 5k.
I am related to crypto since end november 2013 and now after 7 month i work out day by day how this game works. As a nwbee there is only blood left on the crypto street.
Inflation is a real problem, but we're still far from the massive scrypt asic miner deployment...we'll see what happens by then.
x11 asic might be feasible eventually as well, and it's way easier to implement than get one going for vertcoin since the devs are not the LTC devs heh
I'm on the fence, mining other coins atm, and might buy back in, but for now I cut losses since I needed to pay some bills.
I think that the curecoin guys had a great idea, but poor implementation held them back.
In that regard, vertcoin could adapt to a similar implementation if scrypt-n asics start showing up after the coin gets big enough.
I'd love being able to mine and fold profitably, but for now it's not feasible.