All About BTC, LTC, ETH mining as well as other alternative crypto currencies
If you are wondering what is the reason for the sudden drop of the exchange rates of Ethereum all around, well it seems that the DAO has been attacked an somebody apparently found a way to steal a lot of ETH coins. There is still not a lot of official information regarding the issue, but until the situation is resolved and everything is clear you should be very careful trading DAO tokens and Ethereum Ether coins. It seems that the smart contracts are as smart as their authors and wherever there are a lot of money stored with automated control they always attract people willing to find a way to steal them, especially if they are not secured well enough. This could as well be the end of DAO if the situation is not taken care of good enough, but it will undoubtedly also hurt Ethereum. Hopefully things will soon clear out and we would be able to continue with the usual things like mining etc.
The last few days the exchange rate of Bitcoin (BTC) has been steadily going up and today it has surpassed the $270 USD mark and that may not be the highest point it may reach this time. So you might want to keep a closer look at how things progress, though unfortunately it seems that the peak in price of BTC is not affecting much other coins as Litecoin this time. LTC has been keeping a steady exchange rate for a while now at a little above $3 USD. The exchange rate for ETH/BTC is going down, but due to the increase of the price per BTC the USD/EUR rate for Ethereum is still keeping relatively stable, but low level. This market situation is resulting in miners looking for some alternative coins to try mining and maybe get a better profit instead of the more established or popular ones in the last few days. The results is clearly seen in some altcoins having temporary spikes like DGB or GeoCoin among others, so you might want to keep an eye on the altcoin market for other not so popular names as well.