Topic: A warning about Alt-Coins - page 100. (Read 901725 times)
How to mine litecoins nowadays using GPU card? What is the best option? Please, provide with some links.
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Feel the same way....
Litecoin is taking off, lol wish i would have mined more ltc back when i used the gpu, well that and wish i would have bought more bitcoin back when they were four bucks a piece.....had a chance but the past can be fickle little thingy....lol also remember coming across the bitcoins origionally back in 2009 or early 10 and trying to solo mine....long time ago, and rediscovered it back in 2011....been happy mining ever since....lol fpga is already startn in litecoin.
LTC and FTC mining profitability is quite high right now...
LTC is good
the only coins one should believe in is BTC and LTC
the rest is obviously a scam.
the rest is obviously a scam.
LTC is being abandodned COIN, ppl are less belive in it
the only coins one should believe in is BTC and LTC
the rest is obviously a scam.
the rest is obviously a scam.
I love Asic coin....
Almost all of the alt-coins out there are going to be a waste of time. They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.
Be careful about wasting time with too many alt coins.
Be careful about downloading files, seems like there's plenty of wallet stealers around hidden as alt coin miners.
Seen some more of this recently, so wanted to highlight the point.
Here's some good info from later in the thread:
Yeah, definitely right! We need to expose all fraudsters, like TECHSHARE and Infinitecoins. I just got banned from Infinitecointalk for telling him the truth (which he can't handle it) and exposing him as a fraud. I hope people wise up and be wary of all new cryptocurrencies out there, because there are greedy people investing time and money into this lucrative business and they're prepared to hit and run once they've got enough money to do so... Be careful about wasting time with too many alt coins.
Be careful about downloading files, seems like there's plenty of wallet stealers around hidden as alt coin miners.
Seen some more of this recently, so wanted to highlight the point.
Here's some good info from later in the thread:
1) Don't just trust the status of a member, anyone can write 500 posts and be a hero member in a short period. This just means that he invested some time on his membership. He can always decide that a profitable scam will be a good payment for his time.
2) Never deal with anyone without doing a search in the forum with his nickname, in order to check if he has scam accusations.
3) Ask for his coin address and always search it on blockchain.info or www.cryptocoinexplorer.com to verify if his address has the amounts he is claiming.
4) Be very suspicious about proposals well under market price or if he accepts your proposal under market price with no negotiation.
5) Look for the reputation of the member (his successful trades, in the form of vouches from the other party on the deal).
6) Even if he has some reputation, never send all the money in one transfer: send one first very small tranche (0.1 btc might be a good start) and wait for his payment. Send a second little higher tranche and wait again, etc. Small increments, because he might decide to pay you the first and second, to scam a bigger tranche. Always suspect if he doesn't accept to trade in small tranches.
7) If he has no reputation (including most cases when he is a newbie or a Jr.), even small tranches are a risk. Better use an escrow system, like the one of bitmit.net, or a trusted member, or you might need to send over 10 very small tranches. It can be annoying, but loosing your money will be more.
8] For big amounts always use an escrow system, unless the member has an excellent reputation.
Since this thread is a sticky, I decided to post this here. Any moderator or member feel free to move, copy or improve these rules at will.
2) Never deal with anyone without doing a search in the forum with his nickname, in order to check if he has scam accusations.
3) Ask for his coin address and always search it on blockchain.info or www.cryptocoinexplorer.com to verify if his address has the amounts he is claiming.
4) Be very suspicious about proposals well under market price or if he accepts your proposal under market price with no negotiation.
5) Look for the reputation of the member (his successful trades, in the form of vouches from the other party on the deal).
6) Even if he has some reputation, never send all the money in one transfer: send one first very small tranche (0.1 btc might be a good start) and wait for his payment. Send a second little higher tranche and wait again, etc. Small increments, because he might decide to pay you the first and second, to scam a bigger tranche. Always suspect if he doesn't accept to trade in small tranches.
7) If he has no reputation (including most cases when he is a newbie or a Jr.), even small tranches are a risk. Better use an escrow system, like the one of bitmit.net, or a trusted member, or you might need to send over 10 very small tranches. It can be annoying, but loosing your money will be more.
8] For big amounts always use an escrow system, unless the member has an excellent reputation.
Since this thread is a sticky, I decided to post this here. Any moderator or member feel free to move, copy or improve these rules at will.
Why LTC is droping day after day?? 
Who knows. I have some and hope it goes up, I'm not in rush to sell...
Is there any mining equipment worth investing in to mine altcoins currently, if so could someone point me in the right direction as what to get. Something that isn't going to become redundant any time soon.
Thanks
Thanks
I am new to the whole mining experience but have learned a lot from this site. I have come to realize that mining bitcoin is not going to be very effective for me. I have decided to mine alternate coins. I am doing this for fun so I am using my laptop and if/when an inexpensive hardware becomes available to plug into my laptop via usb for scrypt I may purchase. I will be getting a usb miner for the sha coins. I know ROI is not very likely. Can someone tell me how to decided which ones are good or is is better to just mine some of each one and hope that one day they will be worth something.
Building off this question, are Litecoins still the most cost effective cryptocurrency to mine? I heard that a lot this past spring, but things change so quickly.
Why LTC is droping day after day??
I am new to the whole mining experience but have learned a lot from this site. I have come to realize that mining bitcoin is not going to be very effective for me. I have decided to mine alternate coins. I am doing this for fun so I am using my laptop and if/when an inexpensive hardware becomes available to plug into my laptop via usb for scrypt I may purchase. I will be getting a usb miner for the sha coins. I know ROI is not very likely. Can someone tell me how to decided which ones are good or is is better to just mine some of each one and hope that one day they will be worth something.
You could check websites like CoinChoose to see which coins are worth it, but always do your research to see if they are premined or are known to contain a virus.
If unsure just upload the software to a virus scanner website like VirusTotal.
I am new to the whole mining experience but have learned a lot from this site. I have come to realize that mining bitcoin is not going to be very effective for me. I have decided to mine alternate coins. I am doing this for fun so I am using my laptop and if/when an inexpensive hardware becomes available to plug into my laptop via usb for scrypt I may purchase. I will be getting a usb miner for the sha coins. I know ROI is not very likely. Can someone tell me how to decided which ones are good or is is better to just mine some of each one and hope that one day they will be worth something.
i think i might buy a few LTC, just for the fun of it. i was thinking about it when it was 7 cents per.. not following through was a huge mistake, i guess.
lol LTC is droping day after day
i think i might buy a few LTC, just for the fun of it. i was thinking about it when it was 7 cents per.. not following through was a huge mistake, i guess.
CGB and LTC are riesing now
What´s goin on with digicoinpool?
everything orphan!!!
everything orphan!!!
Probably about 5. 
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