It its on the top of more profitables
Whether this is good or bad remains to be seen. Network hash rate is steadily climbing, there is a creat deal of variation between the prices of other alts, and the pricing of bitbar. I made a comparison in a previous thread:
https://bt.irlbtc.com/view/198958.msg2080780#msg2080780This makes the total value of all PPcoins 47,901BTC, the total value of all feathercoins around 13,222BTC, and the total value of all novacoins around 12,043BTC. Currently, if we go by the exchange rate on bter.com (which is in beta and not open to the public), you've got a total value of all bitbars around 1,860BTC.
Once again, this seems to be undervalued by about a factor of between 5 and 10. Putting the true price of bitbar around 3BTC/BTB, to 5BTC/BTB. Perhaps higher, though I'd like to be conservative at this point in time.
Right now, bitbar is in beta trading mode at bter.com, one of the lesser known exchanges. Perhaps in a few months bitbar will be added to btc-e, a slow and steady rise to acceptance is what's needed.
Network hash rate (Gh/s): 0.732 (estimated - (Last updated: 2013-05-09 02:38:38 UTC/GMT))
http://bitbar.info/stats/index.php