Quote:
Originally Posted by rowan
I have a couple of SHA256 ASICs still, and occasionally review what I'm mining, but there's not really much point since most of the SHA256 altcoins align to Bitcoin's value... there is little difference between mining the alt and converting to BTC, or mining BTC directly. I have found a couple of obscure SHA256 coins which have higher value, but the volume is so low that it's impractical to make any decent profits.
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Sadly, that's the result of the ASIC density and distribution. Remember, though, that these coins predominantly don't have a value beyond a speculative investment. Amazon isn't taking ButtFuckCoin as a payment. With Dave and PimpRoll getting out in front of this and taking a risk, they're explicitly declaring that WankCoin has a value: to purchase membership access to their network of sites. This gives it a pegged (known) value, and should somewhat stabilize the currency. Once you can exchange it for membership, the value is linked intrinsically.