Prohashing Mining Pool Forums

Steve Sokolowski wrote:

vinylwasp wrote:

Steve Sokolowski wrote:Hi! Here's a brief status update.

• ... whether the impending end of Bitconnectcoin mining will mean a halving of scrypt profitability, the odds of ETH ever going POS, and so on.

I've been wondering for a while how long BCC will last, IMO it's clearly a ponzi scheme and could be shut down any day, but I think there are positives in Scrypt mining as well, for example we know that Charlie Lee has been touring the large Chinese miners and miner mfgs breifing them on the future of LTC, and GameCredits finally released thier app store in India on Friday, a huge market they should see some success in. To the moon?

ETH's POS strategy is definitely a concern, but even more so is X11 mining's dependence on DASH. With Particl and Syscoin offering privacy feautures and a decentralised market, I think there's a possibility that we'll see DASH's dominance eroded in the next 12-18 months.

Just remember, a rising tide lifts all boats and you clearly have a market leading service, and there's plenty of room at the top.

I think that what we're going to find as a result of this analysis is that the future of the business may end up being dependent upon become a general-purpose bitcoin and bitcoin cash mining pool.

Once Bitconnectcoin is gone, and prices fall after the bubble ends, and the market gets flooded with L3s, scrypt profitability is likely to go to 0.5 cents. After all, if the profitability was 1.5 cents before with lesser hardware, the power efficiency of this new hardware will push the breakeven point down even further.

Our concern hasn't been whether we can create the best software - that's just a matter of putting enough time into the business. The problem has always been whether the market is actually big enough to support professional businesses. I don't think it's an accident that mining is flooded with disreputable people like NiceHash, who aren't willing to disclose who they are or where they are located. If the market had insane profit potential, there would be "normal" businesses taking over everywhere.

GregoryGHarding wrote:hes referring to Litecoin Ultra

vhmanu wrote:

Steve Sokolowski wrote:The proof of work period is scheduled to end in two months, after which we'll be forced to delist it.

Still 130k blocks, should be ~6months not 2


And Steve could you look at the BCC Sellprice? It's half of what it should be. Tons of buy orders at novaexchange (i have some on my own and they simply get ignored )

Sunegg wrote:

vhmanu wrote:

Steve Sokolowski wrote:The proof of work period is scheduled to end in two months, after which we'll be forced to delist it.

Still 130k blocks, should be ~6months not 2


And Steve could you look at the BCC Sellprice? It's half of what it should be. Tons of buy orders at novaexchange (i have some on my own and they simply get ignored )

Can anyone make it clear if we have 2 months or 6 months left of Bitconnect mining? It makes a HUUUGE difference for scrypt miners...