Author

Topic: A warning about Alt-Coins - page 120. (Read 901725 times)

sr. member
Activity: 394
Merit: 250
July 07, 2013, 10:06:48 PM
We need better exchanges. Each one is so different from each other its crazy. But I like Cryptsy and Coins-E the best.
newbie
Activity: 23
Merit: 0
July 07, 2013, 09:45:24 PM
altcoins are good to make some money trading ..granted most altcoins just get pumped and dumped .. but some coins have real potential ..ontly time can tell which
hero member
Activity: 845
Merit: 1000
Whale Watchers and Pinnacle Brilliance founder
July 07, 2013, 04:48:21 AM
I'd prefer not to be mining altcoin-flavour-of-the-day, but all the time it's more profitable to do so, I'll be doing it.

The problem with mining new alt-coins is that as soon as you start, you can be sure everyone else is starting as well. The new coin pools rarely have a robust system set up to handle all of the traffic and you end up wasting days of mining time fighting with your machine and the pool itself. I've tried turning my miners toward many different alt-coins over the last 6 months and always end up wasting a couple of days doing it. Everyone pumps and dumps the new alt-coin and when you are ready to sell your pile, they are worth .0001 BTC a piece. WDC and FTC are a good example. In the end, I have chosen to keep my GPUs mining LTC for now.
newbie
Activity: 21
Merit: 0
July 07, 2013, 03:46:11 AM
I'd prefer not to be mining altcoin-flavour-of-the-day, but all the time it's more profitable to do so, I'll be doing it.

^^ I second that.
member
Activity: 96
Merit: 10
July 07, 2013, 02:36:13 AM
I'd prefer not to be mining altcoin-flavour-of-the-day, but all the time it's more profitable to do so, I'll be doing it.
newbie
Activity: 11
Merit: 0
July 06, 2013, 10:09:39 PM
Hi everyone,

I am quite n00bish to this whole scene (i.e. bitcoin and alt-coins), but it has been one of my biggest hobbies for the past few months, and I'd like to quickly say "Thanks" to this forum, which has helped me tremendously with the learning curve.

I finally made an account, and I would like to ask a few questions:

  1)  Which alt-coin currently has a high SHORT TERM value (over 6 months from now) and why?

  2)  Conversely, which alt-coin has a high LONG TERM value (over 1 year from now) and why?

  3)  How can I use guiminer-scrypt for P2P mining? Am I just dumb..?

Thank you all in advance!

EDIT:

Also, does anyone have any ideas as to why Bitcoin's value is down to $ 65 USD Huh

When you figure that out you'll probably be able to tell me why gold is down to $1200 ounce. None it makes that much sense except for the swings between fear, uncertainty and moments of greed. Ask people who have been around for a while how many of them say they believe BTC will one day be worth in several hundred and I suspect most will say they do, but how many of them are selling out of fear now?
sr. member
Activity: 329
Merit: 250
July 06, 2013, 04:19:42 AM
Hi everyone,

I am quite n00bish to this whole scene (i.e. bitcoin and alt-coins), but it has been one of my biggest hobbies for the past few months, and I'd like to quickly say "Thanks" to this forum, which has helped me tremendously with the learning curve.

I finally made an account, and I would like to ask a few questions:

  1)  Which alt-coin currently has a high SHORT TERM value (over 6 months from now) and why?

  2)  Conversely, which alt-coin has a high LONG TERM value (over 1 year from now) and why?

  3)  How can I use guiminer-scrypt for P2P mining? Am I just dumb..?

Thank you all in advance!

EDIT:

Also, does anyone have any ideas as to why Bitcoin's value is down to $ 65 USD Huh

Hello and welcome.

"does anyone have any ideas as to why..." Normal volatility. Long term log scale here: "http://blockchain.info/charts/market-price?showDataPoints=false&show_header=true&daysAverageString=1×pan=all&scale=1"

1) "Which alt-coin..." No idea. BTC and LTC seem to be the first 2 "out of the gate" and therefore have lots of infrastructure going up around them.

2) "Conversely, which alt..." I would stick with BTC personally

3) "How can I use guiminer..." Don't know. Mining forum is here: https://bitcointalk.org/index.php?board=42.0 ("Bitcoin Forum > Bitcoin > Mining > Mining software(miners)")

newbie
Activity: 56
Merit: 0
July 06, 2013, 12:25:33 AM
Hi everyone,

I am quite n00bish to this whole scene (i.e. bitcoin and alt-coins), but it has been one of my biggest hobbies for the past few months, and I'd like to quickly say "Thanks" to this forum, which has helped me tremendously with the learning curve.

I finally made an account, and I would like to ask a few questions:

  1)  Which alt-coin currently has a high SHORT TERM value (over 6 months from now) and why?

  2)  Conversely, which alt-coin has a high LONG TERM value (over 1 year from now) and why?

  3)  How can I use guiminer-scrypt for P2P mining? Am I just dumb..?

Thank you all in advance!

EDIT:

Also, does anyone have any ideas as to why Bitcoin's value is down to $ 65 USD Huh
newbie
Activity: 14
Merit: 0
July 05, 2013, 10:05:33 PM
bitcoin is totally out of the formal hierarchy and it should stay like that as long as it's there it will take on the conformists power greedy sociopaths



good evening sir, and thanks for the PM. Why should we spend energy using the service? Our bitcoin research and educational grants are pooled to help out individuals and institutions. Associated with the ital is vital higher-education and research camps that meet certain strict technical and business standards. IT can appear complex and technical agreements we ofter to the host country. Canada is a good place to develop ASICAUSE once you are certified and listed..Ira
newbie
Activity: 9
Merit: 0
July 05, 2013, 09:30:27 PM
bitcoin is totally out of the formal hierarchy and it should stay like that as long as it's there it will take on the conformists power greedy sociopaths
hero member
Activity: 546
Merit: 500
July 05, 2013, 06:30:03 PM
good day are these good for trade the Btc...Ira

Most altcoins can be traded on exchanges such as Vircurex and btc-e. There are others but those are the ones that see higher volume at moment.
newbie
Activity: 14
Merit: 0
July 05, 2013, 12:16:08 PM
good day are these good for trade the Btc...Ira
newbie
Activity: 23
Merit: 0
July 04, 2013, 10:51:45 PM
LTC good Alt Coin/
hero member
Activity: 546
Merit: 500
July 04, 2013, 08:54:18 PM
I'd love to see some opinions on ZenithCoin. From what I've seen it doesn't have many improvements over bitcoin but as a privacy advocate I love that it mixes the blockchain by default  Grin

https://bitcointalksearch.org/topic/ann-zenithcoin-ztc-market-making-sustainable-crypto-currency-219644

14 pages enough?
newbie
Activity: 6
Merit: 0
July 04, 2013, 08:42:29 PM
I'd love to see some opinions on ZenithCoin. From what I've seen it doesn't have many improvements over bitcoin but as a privacy advocate I love that it mixes the blockchain by default  Grin
Zyl
newbie
Activity: 33
Merit: 0
July 04, 2013, 03:45:53 PM
The reason for so many alt coins is evolution.

They are small birds of paradise.
newbie
Activity: 7
Merit: 0
July 04, 2013, 02:32:37 PM
i appreciate the info provided here, as i was considering accepting litecoin, but think i will just stick with bitcoin for now. http://littlebiggy.org/4755909
newbie
Activity: 41
Merit: 0
July 04, 2013, 12:54:27 AM
LTC is a weak coin? Why is it not good? Huh

LTC is the strongest Alt Coin, but maybe I'm biased.
newbie
Activity: 25
Merit: 0
July 04, 2013, 12:08:54 AM
LTC is a weak coin? Why is it not good? Huh
newbie
Activity: 21
Merit: 0
July 03, 2013, 07:26:51 PM
My beef with alt coins is that some may indeed be improvements to bit coin, they don't improve it in any meaningful or functional way (as far as I know).  Some may be more secure or whatever, but I don't think bit coin is insecure enough for that to matter.  Hope that makes sense...
Jump to: