2 new coins in almost 1 day? - page 3.

maunderingcabal

full member

Activity: 154

Merit: 100

Don't dwell in the past, don't dream of the future

Quote from: dblink on May 09, 2013, 11:02:00 AM

Quick, someone create a pure clone of litecoin with 300 coin block rewards, starting diff of 0, and retarget every 10080 blocks. You'll get rich with your pump and dump!

screw that make a litecoin clone with a 50,000 block reward with a milisecond block generation.

dblink

sr. member

Activity: 252

Merit: 250

Quick, someone create a pure clone of litecoin with 300 coin block rewards, starting diff of 0, and retarget every 10080 blocks. You'll get rich with your pump and dump!

fcmatt

legendary

Activity: 2072

Merit: 1001

ask yourself what coins do people selling all these alt coins want?

yea... btc and ltc. the rest people want to get rid of faster then their STD.

Jakewell

newbie

Activity: 56

Merit: 0

Quote from: TheSwede75 on May 09, 2013, 10:31:10 AM

BTB, YAC, BQC, RYC. MNC are all going to be but a memory in less than 2 weeks.
All the altcoins launched in the last week have that in common. Of course they also have in common that they are launched by JR members for pump and dump to idiots who actually MINE a coin that starts out with a block reward at diff 0 that is 100x+ more for the first few hours then the rest of the week.

BQC was not launched in the last week, inform yourself first before posting.

shakezula

sr. member

Activity: 308

Merit: 250

2800 total ever? That's pretty low--almost too low, in fact its ridiculously low. And I thought MNC/SMC had small block rewards.

matt608

hero member

Activity: 868

Merit: 1000

Quote from: shakezula on May 09, 2013, 10:32:19 AM

Quote from: maunderingcabal on May 09, 2013, 08:40:07 AM

Bitbar: Still confused what bitbar is.

BBQCoin: I thought this shit was dead, back from the grave, Mined for fun and now it's too hard to mine.

MinCoin: Like the idea of small block quantity, mined for a while. Got too hard to mine.

Feathercoin: nothing new, mined for a bit because it got good reception. Now too hard to mine.

Chinacoin: Couldn't get anything to work, mined nothing. WTF.

YaCoin: Awsome idea to mine with only CPU, now too hard to mine. All my blocks are orphans. A little complicated to tell if it's mining and hard to set up.

JunkCoin: WTF I was asleep, too late to mine... starting to lose hope.

RoyalCoin: OK only a couple hours late. No blocks, confusing as shit to get the wallet to sync...

Back to BTC/LTC?

Well said, went something like that for me:

BitBar: Dumb, overhyped, why the hell anyone would think changing the name from "coin" to "bar" would make it more valuable is beyond me. FeatherCoin/CHNCoin/BBQCoin/JunkCoin: loved it, got in early mined a bunch, sold out quickly at under market rates and enjoyed the ride. RoyalCoin/YAC: Didn't get in early, mined a few coins for practice, won't mine anymore. BTE/Mincoin: Interesting, like these two, still mining the latter, holding a few of the former.

Hope for these alts gets more and more dim with each new one. I enjoy mining and trading, but BTC/LTC are in it for the long haul.

Bitbar will only ever have 2800 bars/coins, that's why it's almost reach parity with BTC already at bter.

shakezula

sr. member

Activity: 308

Merit: 250

Quote from: maunderingcabal on May 09, 2013, 08:40:07 AM

Bitbar: Still confused what bitbar is.

BBQCoin: I thought this shit was dead, back from the grave, Mined for fun and now it's too hard to mine.

MinCoin: Like the idea of small block quantity, mined for a while. Got too hard to mine.

Feathercoin: nothing new, mined for a bit because it got good reception. Now too hard to mine.

Chinacoin: Couldn't get anything to work, mined nothing. WTF.

YaCoin: Awsome idea to mine with only CPU, now too hard to mine. All my blocks are orphans. A little complicated to tell if it's mining and hard to set up.

JunkCoin: WTF I was asleep, too late to mine... starting to lose hope.

RoyalCoin: OK only a couple hours late. No blocks, confusing as shit to get the wallet to sync...

Back to BTC/LTC?

Well said, went something like that for me:

BitBar: Dumb, overhyped, why the hell anyone would think changing the name from "coin" to "bar" would make it more valuable is beyond me. FeatherCoin/CHNCoin/BBQCoin/JunkCoin: loved it, got in early mined a bunch, sold out quickly at under market rates and enjoyed the ride. RoyalCoin/YAC: Didn't get in early, mined a few coins for practice, won't mine anymore. BTE/Mincoin: Interesting, like these two, still mining the latter, holding a few of the former.

Hope for these alts gets more and more dim with each new one. I enjoy mining and trading, but BTC/LTC are in it for the long haul.

TheSwede75

full member

Activity: 224

Merit: 100

BTB, YAC, BQC, RYC. MNC are all going to be but a memory in less than 2 weeks.
All the altcoins launched in the last week have that in common. Of course they also have in common that they are launched by JR members for pump and dump to idiots who actually MINE a coin that starts out with a block reward at diff 0 that is 100x+ more for the first few hours then the rest of the week.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: maunderingcabal on May 09, 2013, 08:29:21 AM

There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?

Free market in action + open source style evolution.

There will be more...

Jakewell

newbie

Activity: 56

Merit: 0

I think there is the same person behind all these new alt coins.. he just create a new user, and spend 1 day programing the new shitty coin until release.

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: calecho on May 09, 2013, 10:11:33 AM

Quote from: WeTradeCoins on May 09, 2013, 08:31:15 AM

Quote from: maunderingcabal on May 09, 2013, 08:29:21 AM

There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?

dont worry, lifespan of a new alt coin will be less than 2 weeks

Since its used for manipulation and only, and since everyone knows that early adopters will make some profit, its just a game of"phew i sold and im not trapped" thing. They will get over it in time Tongue

In the meanwhile, play and enjoy the game Tongue

If you believe 2 weeks lifespan for every new altcoins why did you create pools for each one?
Just curiosity.Thanks

To make money ofcourse. Couldn't think of that yourself? :/

calecho

member

Activity: 94

Merit: 10

Quote from: WeTradeCoins on May 09, 2013, 08:31:15 AM

Quote from: maunderingcabal on May 09, 2013, 08:29:21 AM

There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?

dont worry, lifespan of a new alt coin will be less than 2 weeks

Since its used for manipulation and only, and since everyone knows that early adopters will make some profit, its just a game of"phew i sold and im not trapped" thing. They will get over it in time Tongue

In the meanwhile, play and enjoy the game Tongue

If you believe 2 weeks lifespan for every new altcoins why did you create pools for each one?
Just curiosity.Thanks

maunderingcabal

full member

Activity: 154

Merit: 100

Don't dwell in the past, don't dream of the future

Altcoin mining is now a fickle and confusing hobby.

maunderingcabal

full member

Activity: 154

Merit: 100

Don't dwell in the past, don't dream of the future

Bitbar: Still confused what bitbar is.

BBQCoin: I thought this shit was dead, back from the grave, Mined for fun and now it's too hard to mine.

MinCoin: Like the idea of small block quantity, mined for a while. Got too hard to mine.

Feathercoin: nothing new, mined for a bit because it got good reception. Now too hard to mine.

Chinacoin: Couldn't get anything to work, mined nothing. WTF.

YaCoin: Awsome idea to mine with only CPU, now too hard to mine. All my blocks are orphans. A little complicated to tell if it's mining and hard to set up.

JunkCoin: WTF I was asleep, too late to mine... starting to lose hope.

RoyalCoin: OK only a couple hours late. No blocks, confusing as shit to get the wallet to sync...

...

...

Back to BTC/LTC?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Being an open source project anyone is welcome to create their own new coin. Unfortunately, many do. There is no need to try keeping up with them. Most are just somebody's coding project of the month.

mkmen

full member

Activity: 157

Merit: 100

Quote from: tclo on May 09, 2013, 08:31:44 AM

Yes I think we are already to that point or maybe just beyond it. Feathercoin got a good response but not sure about what comes next.

Next comes a long list of dead coins in altcoin overview.

spiderJ

newbie

Activity: 42

Merit: 0

survival of the fittest

tclo

hero member

Activity: 518

Merit: 500

Yes I think we are already to that point or maybe just beyond it. Feathercoin got a good response but not sure about what comes next.

ImI

legendary

Activity: 1946

Merit: 1019

as long as there is a market they will keep coming.

Caesar V

sr. member

Activity: 369

Merit: 250

If alt coins are coming out everyday, they will get over-saturated, meaning only good alt coins will start to stand out, the clones will be ignored.

As I always said and will say again - Competition is healthy, bring on the stampede!

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