/biz/ - Business & Finance

Hey amDOGE whats your analysis of the recent drop in the profitability of altcoin mining?
>market contraction?
>culling the shitcoins?
>oversaturation of miners?
>the first effects of scrypt-ASICs?

I'm evaluating building a 3 mh/s rig for about $1800 when I get my first paycheck from my first real job, but I'm looking at a pretty damn long ROI of a half a year or so. I'm looking at $10/day about from that rig, whereas just a month or two ago only 1000 mh/s was generating close to $10/day. I know alts have lost a good bit of value this past month.

>tldr what insight can you offer to a noob miner who wants to leave behind the potato lifestyle

I want to do a 500Cr giveaway, where would be the best place to post such a thing?

>>166942
It'll be on Github when it launches.
This prevents mining before the launch,