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Topic: A warning about Alt-Coins - page 118. (Read 901725 times)

newbie
Activity: 28
Merit: 0
July 19, 2013, 04:59:47 PM
So what are the best coins to mine right now that look like they will be around for some time?

Most of them will be around for quite some time, since they should have time enough for proving their existence. Be more specific! SHA or Scrypt? Either ways, sticking to the leaders will bring you some profit, if you decide to stay in the game long term. Fast breaking even results does not exists anymore since the diff is rising very fast for any named coin. If you own some ASIC miner, no doubt, stick to BTC, if you are GPU miner - stick to LTC, if you are willing to take high risk and to break even fast, stick to the leaders in coinwarz and trade to shorten the breaking even period. It makes it even more risky. Keep an eye on cryptos bringing real innovation to the market such as XPM (Primecoin). Namecoin is other undervalued crypto which deserves attention. Most important thing - behave, think and act as an investor! This will bring you success in the long term play. Keep in mind that when Bitcion becomes mainstream (maybe 5-10 years) it will worth maybe 1 or more millions per unit, so even at loss, consider to buy an ASIC just as an investment! Most important - enjoy it while it lasts! Happy mining and success!
sr. member
Activity: 308
Merit: 250
Double your Personal Bitcoin Funds.
July 18, 2013, 11:55:17 PM
What do I have to do to mine namecoin. It's part of my pool but it's asking for namecoin wallet... where do I get a namecoin wallet?

 The easiest option is to go register on BTC-E and put the wallet address from BTC-E into your pool.

So I can only do online wallets for namecoin? I'm just so new that I am trying to avoid online wallets for now until I grasp a good idea.
Here's a guide http://crypto-news.com/namecoin/how-to-setup-a-namecoin-wallet/ I've noticed people have found this difficult. I believe it's best to have offline wallets for large amounts not used for trading. Worth the effort!! Grin

Thanks for the direction. I'll check it out.
newbie
Activity: 10
Merit: 0
July 18, 2013, 10:35:01 PM
thanks for your advice  Wink
newbie
Activity: 45
Merit: 0
July 18, 2013, 07:34:35 PM
I'm just getting into Bitcoins/Altcoins and am preparing to start mining.  I see there are variable opinions on whether or not that's a good idea now that ASICS are coming out, so I was thinking of putting my hardware towards Litecoin mining.  Is that a bad choice as well?  I'm certainly late to the show here...

I think LiteCoin is more equalitarian , meaning that you don't need to buy expensive ASIC hardware to get involved like Bitcoin...it means normal Jane and Joe can get in on the action with just GPUs that is why I like LiteCoin.

Bitcoins kinda favors the people that have money, meaning if you are rich and you can afford ASIC hardware, then you will make more Bitcoins...rich get richer.  You get the idea.

I am mining BitCoins as well now , simply because of the sheer number of online stores and business that accepts it.  Quite awesome, I've recently bought gift certificates to buy groceries from Gyft.ca (Canadian) or Gyft.com (American).

My 2 cents is that you can't go wrong with Bitcoin and Litecoins for the next while (5 years).  I may be wrong...as you never know what may happen. C'est la vie.

CrytoCoinMKT
member
Activity: 74
Merit: 10
PogChamp
July 18, 2013, 03:49:34 PM
So what are the best coins to mine right now that look like they will be around for some time?



Primecoin seems promising at the moment.
full member
Activity: 132
Merit: 100
If you knew better, You'd do better
July 18, 2013, 04:29:50 AM
So what are the best coins to mine right now that look like they will be around for some time?

newbie
Activity: 33
Merit: 0
July 18, 2013, 03:17:26 AM
What do I have to do to mine namecoin. It's part of my pool but it's asking for namecoin wallet... where do I get a namecoin wallet?

 The easiest option is to go register on BTC-E and put the wallet address from BTC-E into your pool.

So I can only do online wallets for namecoin? I'm just so new that I am trying to avoid online wallets for now until I grasp a good idea.
Here's a guide http://crypto-news.com/namecoin/how-to-setup-a-namecoin-wallet/ I've noticed people have found this difficult. I believe it's best to have offline wallets for large amounts not used for trading. Worth the effort!! Grin
sr. member
Activity: 308
Merit: 250
Double your Personal Bitcoin Funds.
July 18, 2013, 12:16:16 AM
What do I have to do to mine namecoin. It's part of my pool but it's asking for namecoin wallet... where do I get a namecoin wallet?

 The easiest option is to go register on BTC-E and put the wallet address from BTC-E into your pool.

So I can only do online wallets for namecoin? I'm just so new that I am trying to avoid online wallets for now until I grasp a good idea.
newbie
Activity: 51
Merit: 0
July 17, 2013, 10:29:47 PM
Your best bet is to mine ltc and an altcoin.
Since when is ltc not an altcoin?
member
Activity: 104
Merit: 10
COMM:CUA9LQiSKXG8Ed79qNz6bZv4NbSCS6RUb7
July 17, 2013, 10:26:03 PM
What do I have to do to mine namecoin. It's part of my pool but it's asking for namecoin wallet... where do I get a namecoin wallet?

 The easiest option is to go register on BTC-E and put the wallet address from BTC-E into your pool.
member
Activity: 104
Merit: 10
COMM:CUA9LQiSKXG8Ed79qNz6bZv4NbSCS6RUb7
July 17, 2013, 10:16:25 PM
I'm just getting into Bitcoins/Altcoins and am preparing to start mining.  I see there are variable opinions on whether or not that's a good idea now that ASICS are coming out, so I was thinking of putting my hardware towards Litecoin mining.  Is that a bad choice as well?  I'm certainly late to the show here...

Hello there!

I would definitely not recommend going after BTC. Leave that to the ASICS. Your best bet is to mine ltc and an altcoin. If I had to recommend an altcoin it would be Primecoin (XPM). It can only be cpu mined currently and is becoming pretty well established fairly quickly. Also the creator of it is SunnyKing, the same guy who brought us PPC.
sr. member
Activity: 308
Merit: 250
Double your Personal Bitcoin Funds.
July 17, 2013, 08:43:00 PM
What do I have to do to mine namecoin. It's part of my pool but it's asking for namecoin wallet... where do I get a namecoin wallet?
full member
Activity: 434
Merit: 100
July 17, 2013, 04:34:54 PM
It is a noob question, although interesting in the most inappropriate thread possible.

Sorry if it seemed off-topic, it was in response to the "good info" included in the OP.
legendary
Activity: 1316
Merit: 1003
July 17, 2013, 04:21:23 PM
It is a noob question, although interesting in the most inappropriate thread possible.
full member
Activity: 434
Merit: 100
July 17, 2013, 02:51:16 PM
This might be a noob question, but why doesn't this forum adapt an escrow service like Bitmit? I guess no one wants to go through the trouble of sorting out complains but it would make deals a lot safer here.
newbie
Activity: 3
Merit: 0
July 17, 2013, 05:54:40 AM
all very interesting. thanks
newbie
Activity: 6
Merit: 0
July 17, 2013, 05:26:41 AM
I'm just getting into Bitcoins/Altcoins and am preparing to start mining.  I see there are variable opinions on whether or not that's a good idea now that ASICS are coming out, so I was thinking of putting my hardware towards Litecoin mining.  Is that a bad choice as well?  I'm certainly late to the show here...
legendary
Activity: 1316
Merit: 1003
July 17, 2013, 04:44:27 AM
All those altcoins are subject to hardcore manipulation.
Unless you are one of the manipulators, stay as far away as you can.
newbie
Activity: 34
Merit: 0
July 16, 2013, 11:35:56 PM
Hard to trust, but we all are in dispair since no newbie was a btc miner from the beggining.
newbie
Activity: 14
Merit: 0
July 16, 2013, 09:24:24 PM
does anybody have any experience with zerocoin?
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