FTC mining profitability just surpassed LTC mining profits any thoughts on that?
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I will wait until Doge will hit 0.000005 BTC , sell my Doges that I bought for 0,00000025 = So rich :D
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[quote name=“ckfree5” post=“46080” timestamp=“1387440310”]
mining profitability goes back and forth all the time . i was thinking that if or when the market gets flooded with fpga-asic scrypt miners , a lot of the dedicated litecoin gpu miners with switch to feathercoin . that will drive ftc difficulty up for sure. I think that’s plaussible enough . Difficulty does not always go hand in hand with fiat exchange rates but it collerates with the value of the coin nontheless
[/quote]That’s what I always say to other people. Higher difficulty means lower supply which means higher price in turn.
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Once again, I don’t want to cause any offense, but 90% of the questions I see get asked either directly to myself or anywhere on the boards, can be answered by simply copy and pasting directly to google, hit search then pick the top 3 or 4 links.
10 years ago, there was no google or a person who can spoon feed you the answer…
But yeah. It’s ok though. Asking questions is good.
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[quote name=“nathan_kia” post=“46091” timestamp=“1387446183”]
[quote author=ckfree5 link=topic=6196.msg46080#msg46080 date=1387440310]
mining profitability goes back and forth all the time . i was thinking that if or when the market gets flooded with fpga-asic scrypt miners , a lot of the dedicated litecoin gpu miners with switch to feathercoin . that will drive ftc difficulty up for sure. I think that’s plaussible enough . Difficulty does not always go hand in hand with fiat exchange rates but it collerates with the value of the coin nontheless
[/quote]That’s what I always say to other people. Higher difficulty means lower supply which means higher price in turn.
[/quote]I second that notion.
When/if people receive their scrypt asics, I can imagine all scrypt coins incl ltc will find a new level in price…
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[quote name=“ckfree5” post=“46080” timestamp=“1387440310”]
mining profitability goes back and forth all the time . i was thinking that if or when the market gets flooded with fpga-asic scrypt miners , a lot of the dedicated litecoin gpu miners with switch to feathercoin . that will drive ftc difficulty up for sure. I think that’s plaussible enough . Difficulty does not always go hand in hand with fiat exchange rates but it collerates with the value of the coin nontheless
[/quote]if scrypt asic miners become available then they will miner ftc as well i can assure you that. The price will go up but us gpu miners will have a tough time. although the asic miners for scrypt are not going to be such a drastic change like they were with btc,it will still drive the difficulty up some. I know i wouldnt mind getting a few asics to save on power and lower the heat. -
[quote name=“jordanjkj” post=“46178” timestamp=“1387466564”]
[quote author=ckfree5 link=topic=6196.msg46080#msg46080 date=1387440310]
mining profitability goes back and forth all the time . i was thinking that if or when the market gets flooded with fpga-asic scrypt miners , a lot of the dedicated litecoin gpu miners with switch to feathercoin . that will drive ftc difficulty up for sure. I think that’s plaussible enough . Difficulty does not always go hand in hand with fiat exchange rates but it collerates with the value of the coin nontheless
[/quote]if scrypt asic miners become available then they will miner ftc as well i can assure you that. The price will go up but us gpu miners will have a tough time. although the asic miners for scrypt are not going to be such a drastic change like they were with btc,it will still drive the difficulty up some. I know i wouldnt mind getting a few asics to save on power and lower the heat.
[/quote]Thus why us GPU miners of today are trying to mine all that we can before we can’t effectively do it anymore :-)
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Putting together a new rig in the x mas weekend. will get 3 x R9 290 hopefully early next week bringing my total hashrate up to hopefully 4,5mh
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[quote name=“mmyhre” post=“46189” timestamp=“1387468834”]
Putting together a new rig in the x mas weekend. will get 3 x R9 290 hopefully early next week bringing my total hashrate up to hopefully 4,5mh
[/quote]The R9 290 is great, but they are LOUD! I’m running two now and getting ~877kH/s from each.
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[quote]The R9 290 is great, but they are LOUD! I’m running two now and getting ~877kH/s from each.[/quote]
Yeah i know i have one already going at 880 at 5100 rpm and 78 c
Good thing it is in the basement.
Another great thing about living in a cold country is that you just change the heater with a mining rig. Not the same, but gives off quite some warm air also.
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[quote name=“nathan_kia” post=“46091” timestamp=“1387446183”]
[quote author=ckfree5 link=topic=6196.msg46080#msg46080 date=1387440310]
mining profitability goes back and forth all the time . i was thinking that if or when the market gets flooded with fpga-asic scrypt miners , a lot of the dedicated litecoin gpu miners with switch to feathercoin . that will drive ftc difficulty up for sure. I think that’s plaussible enough . Difficulty does not always go hand in hand with fiat exchange rates but it collerates with the value of the coin nontheless
[/quote]That’s what I always say to other people. Higher difficulty means lower supply which means higher price in turn.
[/quote]It’s not JUST the lower supply, it’s the higher cost too. A higher difficulty means more electricity is required to make the same amount of coins.
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[quote name=“dmrkrc” post=“46075” timestamp=“1387439592”]
Do you guys think will it stay that way, will more miners switch to FTC mining soon?Demir
[/quote]In general it has been better to mine FTC over the last few months, it does change a lot.
Remember you can [b]ALWAYS[/b] ask questions on this forum.