i'm sure that there is no doubt that there is profit for those who are mining, as long as they are swapping it straight to BTC on the toy exchanges.
But there is not a single honest and real assurance made by GAW that it will be worth holding onto. Hence why i'm playing safe and just renting out my rigs for all the BTC I can muster while this phenomenon lasts.
Certainly a smart move on your part. But Im just curious what the catch is for miners (if there isnt one, the network would be much faster by now). Does it have something to do with the proof of stake, or how long it takes for these things to mature?
If you're dumping for BTC - no catch other that the risk of the exchange rate collapsing in the ~2 hours it takes the coins to mature. Profitability is slowly declining but still fairly good.
If you're hodling - that's been covered already I think.