Post
Topic
Board Announcements (Altcoins)
Re: [ANN][TAC] TalkCoin | First Anonymous Chat | First NIST5 | Vote/No Premine
by
Ignition75
on 29/06/2014, 00:53:28 UTC

The problem is playing that game is doing nothing but discouraging miners. You guys already have yours, so your fine seeing less than .015 BTC/100mhs....sure its great thinking "long term" but people at least need to make enough and a little more just to cover costs of running...right now that is not even close. It cost me 300 a month extra to run the GPUs, at the current prices I would be mining at a loss, which I am able to eat for short term. Most can not wait months on end for something that "might" happen.

I understand all the wanting of lower block rewards too... on the other hand, the price has done nothing to reflect the lower rewards.

Yes, I am going across the current here, but if you step back and take a look back in, you could see how and why a new miner would pass this coin up. Right now its only the bag holders that are sitting pretty... we need more than just a lower block reward with "promises" of great things later or this coin will die a very slow death.


I understand holding onto a coin for 6-12 months is not a luxury everyone can afford.  I hoped by taking a good chunk of the coins out of circulation would help keep the price healthy as well as putting resistance up on the sell side may discourage the whales from pumping and dumping.

I'm open to any further suggestions...

I've only had 6-9 months of experience as a miner, most coins that have been profitable to instamine haven't shown any solid long term growth prospects...