Post
Topic
Board Announcements (Altcoins)
Re: Bitmark
by
johndec2
on 01/10/2014, 11:39:59 UTC
Androidicus. I admire your dedication to the coin through thick and thin but this "feast and famine" cycle is wearing a bit thin.  It's looking like the current round may last up to 10 days, followed by 6 hours of insanity, rinse and repeat.  Like you, I'm hoping that it will eventually equalise but we shall see.

The general theory around here is mine at all diffs and you will be rewarded.  Umm, sorry but that is not true.  If I was mining BTM at the current diff I would be getting around 20 BTM per day.  What I am doing is mining another coin, selling it and buying BTM. That is getting me up to 40 BTM per day plus helping support the price.  Judging by the nethash, I'm not the only one that has figured that out.


In a way, I'm doing myself and other bag holders a favour. By NOT mining the coin I'm making it scarcer and therefore more valuable.  What happened to the IPM scheme that was supposed to avoid this situation?