Today marks the Rise of the Altcoins...and here is why:
Here's the math..FACT:
On 1/13/2012
Litecoin difficulty: 0.65
Litecoin price: $0.02/ltc (0.003 btc/ltc)
Bitcoin difficulty: 1,250,757.74
Bitcoin block reward: 50 btc
Bitcoin price: $6.5/btc
Look at Any altcoin being traded for over 3 months.. they are all @ difficulty of 1-4...
Now have fun doing the math and finding out how undervalued all of the altcoins are...
And the best part is that most people have not noticed these insane low prices... more and more gpu miners are switching from LTC to Altcoins... the math proves it... Look on
http://www.coinchoose.com/litecoin.php all are about 200M/H or higher..
Let me make this easy for everyone any coin with a market cap of under $1,000,000 usd and is traded in LTC is worth taking a look at:
http://coinmarketcap.com/You would be a fool to not own 1000 of any of these coins...
IMO have 1000-100XXX of them all...
Now some are litecoin clones, but some are innovative. Those coins are the real deal right now.