Topic: A warning about Alt-Coins - page 129. (Read 901725 times)
All the alt coins die realy fast....
As long as you are only mining alt-coins and not buying them I think it is a safe risk to take. You can always recoup some of the cost of energy by selling the hardware you purchased to mine (graphic cards, other parts) if the coins end up being de-valued.
I'm watching StableCoin too but is it officially SBC or STC?
Which alt should I go for at the moment?
Depends on what your goal is. If you want to be highly speculative pick one that has not hit an exchange yet such as Stablecoin. If you are looking for something a bit more established then Feathercoin is probably the best option. Digitalcoin seems like a good balance between the two. The key is also choosing something that has active developer support. All of these have this at the moment. Memecoin is another one with a very active developer however the market for it is still relatively small. A good place to start would be coinchoose.com or coinwarz.com But understand that you shouldn't pick a coin based on the instantaneous profitability these sites spit out. Other decisions that need to be factored in are market volume, price stability/trends and network stability.
Which alt should I go for at the moment?
Interesting perspective - however, not sure how much I agree?
In a broad sense: I would say the members of the crypto-currency community vary in their ideological stances. While these systems may have been started by ideological enthusiasts, Bitcoin (for one) now speaks to a large number of regular pragmatic folk, who simply see its potential for reducing the costs and friction of global e-commerce.
As more crypto-currency movers enter the space - with populace holding or mining trading stock (coins) - we will see a further sway against fiat-currencies and this momentum should carry forward and strengthen the position of crypto-currencies.
As for if something is set to be profitable? depends who you ask? I am sure you can currently yield more LTC than BTC using non ASIC systems - doesn't mean less money in your pocket though!? Value is an estimation of the monetary (fiat) worth that something is held to deserve, the importance or preciousness of something!
A waste of time would be if these new currencies are worth nothing and not precious to anyone ... only time will tell on that one!
With faster protocols, better security and improved metrics, we will see plenty of new movers in the space I am sure!
In a broad sense: I would say the members of the crypto-currency community vary in their ideological stances. While these systems may have been started by ideological enthusiasts, Bitcoin (for one) now speaks to a large number of regular pragmatic folk, who simply see its potential for reducing the costs and friction of global e-commerce.
As more crypto-currency movers enter the space - with populace holding or mining trading stock (coins) - we will see a further sway against fiat-currencies and this momentum should carry forward and strengthen the position of crypto-currencies.
As for if something is set to be profitable? depends who you ask? I am sure you can currently yield more LTC than BTC using non ASIC systems - doesn't mean less money in your pocket though!? Value is an estimation of the monetary (fiat) worth that something is held to deserve, the importance or preciousness of something!
A waste of time would be if these new currencies are worth nothing and not precious to anyone ... only time will tell on that one!
With faster protocols, better security and improved metrics, we will see plenty of new movers in the space I am sure!
One day its all gonna crash and only two coins left bit and lite 
I think ARG, SBC, and HYC should make it because tey had fair launch and good support!
There are a lot of alt-coins coming out, but its good to have an even more decentralized system with multiple networks. Some coins innovate and try new features/settings, while others are just worthless copies. What will be interesting is to see when an altcoin comes out that has built in true anonymity without having to use tor.
What are alt-coins?
??
?? 
Any opinion on devcoins? Do you think they will be a waste of time?
I don't think so, I think this type of coin may be the one to survive the longest.
Psychologically this is also true as if you ask 100 people 90 of them will say dvc is a waste. This is the best opportunity to buy as you know the sheep are always wrong... markets love to make a fool out of the most people possible.
To be honest I like the emergence of all the alt coins, not necessarily for the profitability but more competition and if btc are the strongest, than over time this constant competition not necessarily innovation will be good overall for the future of bitcoin, that is just my opinion though
First post. I'm currently mining Litecoin and Feathercoin, using 7950s, not overclocking, just stock. 3 of them are working Litecoin, 4 of them working Feathercoin. Currently about 2.4 Litecoin per day, and about 60 Feathercoin a day. Using Coinotron.com. Earlier today I switched, because Coinotron was reporting the "Profitability" of them was 1.15 (LTC) and 1.50 (FTC), against BTC at 1.0.
Right now, they're 1.13 (LTC) and 1.03 (FTC), so I'm thinking about switching back to LTC.
I'm also considering writing a script that would read the "Profitability" and switch miners to use the most profitable. It would run once per hour (user-configurable, perhaps 5 minutes would be better?), and would switch all miners to the most profitable.
It would probably use an external site, so I would configure each miner to pull its script from there, and then when I update it, it would see that it was updated, pull down the new script, and restart itself.
At any rate, I then wondered, since I had this idea -- has anyone else? Would hate to reinvent the wheel, even if it means I'm flexing my brain on a challenging problem.
Right now, they're 1.13 (LTC) and 1.03 (FTC), so I'm thinking about switching back to LTC.
I'm also considering writing a script that would read the "Profitability" and switch miners to use the most profitable. It would run once per hour (user-configurable, perhaps 5 minutes would be better?), and would switch all miners to the most profitable.
It would probably use an external site, so I would configure each miner to pull its script from there, and then when I update it, it would see that it was updated, pull down the new script, and restart itself.
At any rate, I then wondered, since I had this idea -- has anyone else? Would hate to reinvent the wheel, even if it means I'm flexing my brain on a challenging problem.
The problem with the profitability comparisons is that they're based on the current exchange rate. I've learned from sad experience that by the time you actually have the coins ready to exchange, the circumstances are completely different.
That's why I'm sticking with BTC for now. I've got two 7950s and am currently averaging close to $5 a day. How are you doing with your LTC and FTC in terms of USD?
Any opinion on devcoins? Do you think they will be a waste of time?
If you're asking me, yes, but who knows? Whole thing is a darn guessing game...
Any opinion on devcoins? Do you think they will be a waste of time?
Too many coins are getting launched ... not sure if even one of them will actually take off 
It's hardly profitable at all, considering no exchanges have started up, but I have my eyes on StableCoin... and if I were you I would too. 
should newbies worry about this?
Sorry, guys, don't get fooled.
There's
worth mining it.
Rest is toy coin, scam coin, butt coin or however you wanna name it...
Just my 2 coins and: you have been warned!
There's
- BTC
- LTC
- NMC (.bit domains)
worth mining it.
Rest is toy coin, scam coin, butt coin or however you wanna name it...
Just my 2 coins and: you have been warned!
At this moment FTC is most profitable? How come after exchange to BTC? Where is the place to do the exchange with lowest provision?
Jump to: