Thinking of starting up my old crypto review blog here. And why miners need to do math before mining.
I am thinking about reviving my old crypto review website as a blog here. Should be fun but finding worthy coins these days may be a challenge. Currently if i had to give you an opinion on a coin i would pick up some Syndicate SYNX. I have been following the team's developments and trading it on exchanges. It has good volume and is a good buy under 3000sat/ea (at current growth and prices 7/15/16)
I was lucky on a gamble i took to mine an easy 20k of SYNX. When the coin launched there was the usual "hash high" but when the block rewards dropped so did the massive net hash (as usual) so when the difficulty leveled off i threw some 12 hour rentals on (buy @ miningrigrentals.com) . Grabbing 20% of the net hash and sometimes up to 35% i managed to mine the coins for a very cheap price.
This proves to me that some people mining cryptos are not doing their math. They only go in when the block reward is in its larger payout stages but when you do this with everyone else you are actually getting less coins per block. Mine in the middle when everything has calmed down. Buy rentals for a long run 12, 24, or even 48 hours if u trust the project. There is occasionally money to be made in small time mining. It may be very rare to profit so you really need to pick the right pony. This time i picked SYNX mostly because it was listed on Ipominer and they rarely miss a good coin.
This coin is still ripe for buying. I has done well on 2 low volume exchanges and is looking to advance. If the development team stays on the ball and keeps producing like they have been i see this coin easily going upwards of 10k or 20k sat/ea.
I'm not saying you should dump out the cold storage wallet and go crazy on buying SYNX but a modest investment may pay out well. I have sold and repositioned on the market and already generated enough profit to pay off the overhead. I'm looking forward to what will become of this coin.
SYNX donations: SNyJcr1Dz3zwUvz2T1MDtNrhwfeQbCfwPX
Your post about the mining math is right but I hope people don't realize it! About 12-36 hours after rewards drop on typical alts the mining power will drop disproportionately.
[Block reward/(hash price * diff)] is the ultimate indicator of relative mining opportunity for any POW chain.
I think people don't like to mine in the middle due to fear of wasting money on a coin that may not pay out. These days a crypto won't hit an exchange until it is mined out. Its all a crap shoot.