A cheaper Zet: But probably not for long…

So, Zets have taken a bit of a fall today, probably because a few new coins have come on the market: Butterfly coin is a SHA-256 coin which means it is mined by the most prevalent new miners on the market (called ASICs). It just came out today, and is significantly harder to mine than zetas are initially (though this is changing quickly, as zetas get harder to mine quite rapidly…) The SecureCoin is a new coin mined with a different Scrypt based form of mining, so many with zets were dropping a few of their coins fore the SecureCoin.



I’ve been mining a few Butterflycoins just because they are new, but I remain bullish on zetas, and I am working for a soon to be discussed app that relies on zeta evaluation.

Another note: I notice CoinEX exchange (a newer exchange that is just getting over some hiccups) has zets for far lower than Cryptsy. I wonder how many people are profiting off of this tit for tat?