Topic: A warning about Alt-Coins - page 107. (Read 901725 times)
even Zetacoin or namecoin are a awaste
Nice guide!
Very useful for us newbies...
Very useful for us newbies...
I kind of think these multi-coin pools are a quick way to make the current "most profitable alt-coin" into a pump and dump. It both increases the supply of one/few alt coins simultaneously, which makes selling at market value difficult while it also (to me) devalues alt coins as a whole.
Which is rather unfortunate, I see some virtue in Primecoins and Freicoins for instance, they both offer some cool features and ideas.
That's one way to look at it. But big miners that routinely change allegiances based on market factors (which is all a multipool is) are a commonplace and inevitable aspect of the cryptosphere. Which is rather unfortunate, I see some virtue in Primecoins and Freicoins for instance, they both offer some cool features and ideas.
And they cannot change the inherent merits of any particular coin, which is and must always be the primary factor elevating any worthy coin.
So do you deposit directly to Cryptsy then?
It's an option. For non p2pool type pools only.I have a headache from changing between alt-coins but there's no other way to make money 
That's why i like mining at http://www.middlecoin.com. They take all the guess work out of it. The Alt prices fluctuate too often.
(I'm not an employee of middlecoin nor am I being paid to recommend them)
But I prefer Tompool with it's 0% (maybe soon to be 1%) fees, which does it better imo.
http://ctompo.dyndns.org:8083/Tompool/
It depends what form you want your output to be. But having used both, I know which gives the greater relative returns.
Yeah, the fees are steep. So with Tompool, do they pay out in all one cryptocurrency or in all the different altcoins you are mining?
You still have to sell the coins once you have them. That is always the dilemma of multipools, the coin might be profitable at the moment you mine it, but the price might drop before you get your proceeds.
You can use auto sell methods to help with that. There are some available for Cryptsy, there is the built in autosell for a start.
Or you can hold on to the alts until they (hopefully) pump later, and sell them then.
That's half the fun, choosing your own method.
Which is rather unfortunate, I see some virtue in Primecoins and Freicoins for instance, they both offer some cool features and ideas.
So do you deposit directly to Cryptsy then?
I have a headache from changing between alt-coins but there's no other way to make money
That's why i like mining at http://www.middlecoin.com. They take all the guess work out of it. The Alt prices fluctuate too often.
(I'm not an employee of middlecoin nor am I being paid to recommend them)
But I prefer Tompool with it's 0% (maybe soon to be 1%) fees, which does it better imo.
http://ctompo.dyndns.org:8083/Tompool/
It depends what form you want your output to be. But having used both, I know which gives the greater relative returns.
Yeah, the fees are steep. So with Tompool, do they pay out in all one cryptocurrency or in all the different altcoins you are mining?
You still have to sell the coins once you have them. That is always the dilemma of multipools, the coin might be profitable at the moment you mine it, but the price might drop before you get your proceeds.
You can use auto sell methods to help with that. There are some available for Cryptsy, there is the built in autosell for a start.
Or you can hold on to the alts until they (hopefully) pump later, and sell them then.
That's half the fun, choosing your own method.
Which is rather unfortunate, I see some virtue in Primecoins and Freicoins for instance, they both offer some cool features and ideas.
I have a headache from changing between alt-coins but there's no other way to make money
That's why i like mining at http://www.middlecoin.com. They take all the guess work out of it. The Alt prices fluctuate too often.
(I'm not an employee of middlecoin nor am I being paid to recommend them)
But I prefer Tompool with it's 0% (maybe soon to be 1%) fees, which does it better imo.
http://ctompo.dyndns.org:8083/Tompool/
It depends what form you want your output to be. But having used both, I know which gives the greater relative returns.
Yeah, the fees are steep. So with Tompool, do they pay out in all one cryptocurrency or in all the different altcoins you are mining?
You still have to sell the coins once you have them. That is always the dilemma of multipools, the coin might be profitable at the moment you mine it, but the price might drop before you get your proceeds.
You can use auto sell methods to help with that. There are some available for Cryptsy, there is the built in autosell for a start.
Or you can hold on to the alts until they (hopefully) pump later, and sell them then.
That's half the fun, choosing your own method.
I have a headache from changing between alt-coins but there's no other way to make money
That's why i like mining at http://www.middlecoin.com. They take all the guess work out of it. The Alt prices fluctuate too often.
(I'm not an employee of middlecoin nor am I being paid to recommend them)
But I prefer Tompool with it's 0% (maybe soon to be 1%) fees, which does it better imo.
http://ctompo.dyndns.org:8083/Tompool/
It depends what form you want your output to be. But having used both, I know which gives the greater relative returns.
Yeah, the fees are steep. So with Tompool, do they pay out in all one cryptocurrency or in all the different altcoins you are mining?
Thanks to anixosees and Goldshredder for the links, I'm gonna check them as soon as posible.
I have a headache from changing between alt-coins but there's no other way to make money
That's why i like mining at http://www.middlecoin.com. They take all the guess work out of it. The Alt prices fluctuate too often.
(I'm not an employee of middlecoin nor am I being paid to recommend them)
But I prefer Tompool with it's 0% (maybe soon to be 1%) fees, which does it better imo.
http://ctompo.dyndns.org:8083/Tompool/
It depends what form you want your output to be. But having used both, I know which gives the greater relative returns.
I have a headache from changing between alt-coins but there's no other way to make money
That's why i like mining at http://www.middlecoin.com. They take all the guess work out of it. The Alt prices fluctuate too often.
(I'm not an employee of middlecoin nor am I being paid to recommend them)
I have a headache from changing between alt-coins but there's no other way to make money
weekishy > Eveyday there is a "New altcoin coming (soon)."
I used to mine MinCoin, BBQCoin, MemeCoin, and a few other altcoins but then I dumped them all and went back to LiteCoin...
New altcoin is coming (soon).
Eveyday there is a "New altcoin coming (soon)."don't worry now we will have many coins in future and may be some of them test tube coins also
New altcoin is coming (soon).
Eveyday there is a "New altcoin coming (soon)." New altcoin is coming (soon).
There's a new one under "goods"...just announced. 
im new to altcoin
helo there Most Alt coins are completely pointless and just poor replicas of what's already out there with little to no improvement.
If bitcoins really take off as many predict, isn't it possible that some alt-coins, particularly litecoin might follow?
I like Primecoins but I think there needs to be an even more useful algorithm e.g. folding. Curecoin sounds interesting but I don't know much about it.
Primecoins?
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