Post
Topic
Board Hardware
Re: Mining Pointless? ? ?
by
klondike_bar
on 19/07/2014, 20:24:19 UTC
becauoucse altcoins might incase in value in years to cum and with 400gh i can get 1 litecoin a day the litecoin difficulty is very slow so i can get into the hundreads of litecon when bitcoin goes up litecon might be around $50 per coin in addition i hath 2 million doge at this point in time im not sure maybe half litecon/doge

i hath 30 bitcoins now is that good?  i hath blown most of my money but since i dont need to pay bills its all good now...

ideally i wold like to have had 50btc at this point in time wisa couda shouda based on the curreont price.



altcoins wont necessarily go up when bitcoin does, they got where they are now largely as hedge bets or pump and dumps.

as for doge - dump it now before it is worthless. The mining reward halves many times faster than any other scrypt coin (particularly LTC) and once mining LTC or another scrypt coin vecomes more profitable than dogecoin, the network hashrate will rapidly windle and expose the entire blockchain to 51% attack by a malicious scrypt pool or farm, rendering the currency worthless and making LTC the only valuable scrypt coin, as BTC has done to sha256. Doge will not hold any value beyond 2014