Quote from: Wilderness on May 30, 2013, 02:35:13 AM

insta dumped on cryptsy, to the point that it's less profitable to mine than ltc. Seems to be the way of all the new coins

As much as I would like to make some profit from my coins, I think this is a good thing in the long run. The reason why we have all the spam coins is that they sell for a high price the first few hours. But really, why would it be more profitable to mine a new coin than an old and proven one? New coins should be cheap since their only value is that they might one day increase in price. This should cause spam coin developers to spend more time thinking about how it can be a good coin in the long run (though I suspect most of them will just stop making coins since they lack the required skills).

Goldmember

Posts

Merits