I think newer coins are better to mine now since difficulty is not that high. IMO

I am a new miner. I am quite confuse. Some members are suggesting to start mining and hold it and some others are suggesting for buying BTC. Now what would be best for a new miner like me.

I am sharing my experience with GM to help you decide what is better for you:

I began in June 10th - pay 0.42910000 BTC for 2MH/s one year contract.
By today my total earning is 0.129611951 BTC (last payment as today Aug. 12th).
My setting is Auto BTC all the time and I received one 0.03MH/s as reward by end of June for reffering contract.
As difficulty is going up I see no chance to get back my investment.

If you like mining, then I would suggest to buy own miner and start to learn.
If you looking for good investment then I suggest to buy coins directly and keep them.

I am not against GM, I like support and activity here and good atitude. Take your investment seriously and do some math before you decide.

Good luck.

I totally agree with you. It is a great news for all of us. I think Genesis-mining is doing really well.They are offering new chances for their members.

In two months you get 0.129611951 BTC. So everything is gone in this way you will make almost double of your investment. Isn't it good enough?

Thanks for you information. I have found this forum really helpful and i hope it will help me to take my decision.

The trendline is very misleading. It looks like we reach zero in few weeks

It is declining for sure, but using a linear interpolation is wrong. Looking at it, it is actually quite stable for the last few weeks.

In my opinion one should base an analysis on the last few weeks.  A significant amount of the decline is caused by the drop of altcoin value again BTC. From my point of view the altcoin markets will stabilize on roughly the current level. Mining difficulty will most likely come to a halt  as most people think that scrypt profitability is not good (I heard sales numbers from a larger seller of scrypt mining equipment; so I think I am right . KnC and the like are far away (I would not expect them before mid Oct/Nov 2014 if they are ever released at all). Overall I am optimistic about relatively good results for the next 90 days.

Using the data starting from July 1st and make an exponential fit would be interesting for calculating future earning. It will decline for sure (but not in a linear way .

I hope the altcoin markets stabilize and gain some ground again

Because they are all scrypt based coins and all scrypt based coins are going down and down and down....and people buying Asics are mining scrypt coins, mostly LTC and they need to mine and dump their coins ASAP to try and get their money back for the Asic miner they just spent hundreds or thousands of dollars on. So this is why!.. LTC has been dropping in price again quite a lot today, although it is still more than it was for example in Nov 2013. Hard to see what might happen, some people predict another boom coming soon. I am just along for the ride!