Quote from: JaggedMiner on March 30, 2014, 09:17:42 AM

Quote from: axo on March 30, 2014, 08:52:18 AM

Quote from: JaggedMiner on March 30, 2014, 08:42:37 AM

Quote from: vnnbot on March 30, 2014, 04:27:02 AM

1 Mh scrypt ~ 500Kh here ~ 1500 coins/day with dif 13.

Current price 0.00000100 https://www.bittrex.com/Market/?MarketName=BTC-H2O

Them 1 Mh scrypt ~ 0.0015 BTC/day ~ 0.75 USD/day

Get out of here now. Dont wast your time.

Another child of the modern world wanting instant gratification. Value has to be earned, yes, even in Crypto. And guess what? sometimes that takes time. If you want to make money in this game you need to make shrewd decisions at the right time, if you don't have the patience to play the long game then you know where the door is but please don't write all over the walls with your crayons on the way out!

I don't agree. If I have to pay 1 USD of electricity to obtain 0.75 USD of cryptocoin is better to stop the rig and spending the 1 USD to buy the coin.

True enough and that's partly what I meant by making shrewd decisions at the right time. The original poster appeared to be suggesting the coin is an instant failure rather than simply saying mining isn't currently profitable for him, or maybe I read it that way because I'm tired of seeing so much hatred and bile in these forums when people don't get their way instantly. If I misread then I apologise. There are other factors worth considering;

Firstly, your mining 'luck' may improve sufficiently enough so that mining is more profitable than trading.
Trading also requires an even longer game and even more patience and faith in your investment than mining.

If everybody makes the same decision and stops mining, one of two things will happen; either everybody will move to the next shiny thing and the coin will die, so you'll be left holding worthless bags OR, the coin will become rarer, acquire more value and become profitable to mine again.

A coin needs investors, miners, traders and most importantly a confident and cohesive community. Anything that jeopardises that is a bad thing, hence my objection to people coming here with negativity to spread and nothing constructive to say.

True "A coin needs investors, miners, traders and most importantly a confident and cohesive community", but how does that work when there are a 100 new coins coing out to be mined every day? Miners, investors and traders are finite in numbers. Please what makes a coin a "nice coin" . The only reason we have coin X, Y and Z in their hundreds is because some one is praying that the god of luck and glitch will make them some little money. Like i said before the only people making money is ATI, nVidia Mobo manufacturers and the power utility companies. If we really need to give people clean water start an NGO.

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