That means the method of generating altcoin is no longer based on how much computing power you have, but according how much altcoin you obtain and then generate the new coin according how much portion you obtain.... And soon Eth will becom Proof of stake and the mining difficulties will become more difficult. So I think is it to end for mining altcoin using mining mechine....
So only the big guys can profit from mining? People like genesis mining, or am I not understanding you correctly.