A warning about Alt-Coins - page 20.

hilariousandco

global moderator

Activity: 4046

Merit: 2732

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Quote from: qualityburger on January 07, 2014, 10:33:09 AM

A new coin worth watching is AlphaOmegaCoin

Interesting coin with the largest expected production of 999 billion coins but with smaller block reward of 35,000.

It already has...

a website and wallet: http://www.alphaomegacoin.com
a forum: http://www.alphaomegacoin.org/
and a pool: http://aoc.livechains.net/

and best of all, there has been very little premining! (only about 2100 blocks premined for promotions and such)

Don't half of these coins already have this and there should be no pre-mining whatsoever.

stork

newbie

Activity: 10

Merit: 0

Quote from: olinnebit on January 07, 2014, 12:02:35 PM

Quote from: drumingspz on January 07, 2014, 12:00:37 PM

Quote from: netzwerg on May 08, 2013, 10:33:50 AM

I think it's easy to mine now. Better now than later.

Mine today, yesterday and tomorrow. I always have my ~3MH/S rigs running. Nothing worse than waking up in the morning and finding out one of my rigs hung itself overnight.

May I ask what cards you are using? I decided to buy R9 280x, but I'm considering the 270x instead.

As far as I know 280x performance is much better than 270x performance. 280x has currently very good price/performance ratio.

relay23

newbie

Activity: 2

Merit: 0

Sorry if I've missed this same comment somewhere in the 140+ pages of comments in this thread but here's my position on why I think there is some value in alt-coins.. Despite the fact that it appears value vs BTC has been steadily declining over the past few weeks.

a) In case of hard fork on BTC people will need to get into other currencies.. i think all will rise dramatically in that case, but i could be proven wrong.
b) In case of BTC block chain being heavily monitored and mapped to people by big brother, or worst case banned alt coins may survive.

For now I just mine the most profitable (per cryptsy) day by day and convert most of them immediately to btc but i think there might be a place for them to stay in the future.

Regarding shit coins, it's actually profitable to mine them. What you think about them does not make a rats ass of difference

thefewminutes

newbie

Activity: 22

Merit: 0

nevermind a coin's reputation, whether it's dubbed "shitcoin" or "clone" or whatever....the important metric is profitability. A lot of us small-timers are mining shitcoin because it's more profitable than bitcoin, and then we just trade for whatever coin we want.

olinnebit

member

Activity: 70

Merit: 10

Quote from: stompix on January 07, 2014, 02:43:41 PM

Quote from: Anacronix on January 07, 2014, 02:37:11 PM

Haven't been around here for long .. well , I have been mining since Nov. 2013 (mostly Litecoin) , but I have just made an account. I have one question though : is it always like this ? I mean ... do these new altcoins always spawn at such a ridiculous rate ?

No , the rate of which they spawn grows day by day.
They are like viruses , all clones of the previous one.

One shit coin after another.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Anacronix on January 07, 2014, 02:37:11 PM

Haven't been around here for long .. well , I have been mining since Nov. 2013 (mostly Litecoin) , but I have just made an account. I have one question though : is it always like this ? I mean ... do these new altcoins always spawn at such a ridiculous rate ?

No , the rate of which they spawn grows day by day.
They are like viruses , all clones of the previous one.

Anacronix

member

Activity: 84

Merit: 10

the cake is a lie

Haven't been around here for long .. well , I have been mining since Nov. 2013 (mostly Litecoin) , but I have just made an account. I have one question though : is it always like this ? I mean ... do these new altcoins always spawn at such a ridiculous rate ?

93under93

member

Activity: 64

Merit: 10

I'm not going to waste too much time on Coinye, but I do want to at least mine some. Joke coin coins are fun, as long as the joke is funny. Coinye also seems to have a low barrier to entry for novices, so there's that.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

Quote from: bit34 on January 07, 2014, 01:08:27 PM

You never know which ones are going to take off, and which aren't...

Some of them are more obvious candidates to fail than others, though.

bit34

newbie

Activity: 11

Merit: 0

You never know which ones are going to take off, and which aren't...

halleck

newbie

Activity: 3

Merit: 0

Its always worth taking a look at

olinnebit

member

Activity: 70

Merit: 10

Quote from: drumingspz on January 07, 2014, 12:14:42 PM

Quote from: sksfan on January 07, 2014, 08:14:16 AM

Quote from: tyson187 on January 07, 2014, 07:34:06 AM

which nyan coin is better to mine , the one with 1% premine ore the one with 10%

None of them, try CoinieWest (launch today), or mine DogeCoins - they are great.

Why waste your time on an obvious joke coin like Coinie?

Play the "you are polluting with your wasted energy" card Wink

drumingspz

sr. member

Activity: 392

Merit: 250

Quote from: sksfan on January 07, 2014, 08:14:16 AM

Quote from: tyson187 on January 07, 2014, 07:34:06 AM

which nyan coin is better to mine , the one with 1% premine ore the one with 10%

None of them, try CoinieWest (launch today), or mine DogeCoins - they are great.

Why waste your time on an obvious joke coin like Coinie?

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: publicjud on January 07, 2014, 11:59:54 AM

Quote from: qualityburger on January 07, 2014, 10:33:09 AM

A new coin worth watching is AlphaOmegaCoin

Interesting coin with the largest expected production of 999 billion coins but with smaller block reward of 35,000.

It already has...

a website and wallet: http://www.alphaomegacoin.com
a forum: http://www.alphaomegacoin.org/
and a pool: http://aoc.livechains.net/

and best of all, there has been very little premining! (only about 2100 blocks premined for promotions and such)

Can't say that for a lot of these new altcoins...

What does the community think?

IMO We dont need a new coin with nothing new to offer. How about a coin that actually improves something?

In my opinion we don't need 1000 new coins with nothing to offer (since there are 100+ already released and 1000 in planning) since we already have a few projects with better coins or improvements on the Bitcoin protocol.
But those don't smell like easy money.

olinnebit

member

Activity: 70

Merit: 10

Quote from: drumingspz on January 07, 2014, 12:00:37 PM

Quote from: netzwerg on May 08, 2013, 10:33:50 AM

I think it's easy to mine now. Better now than later.

Mine today, yesterday and tomorrow. I always have my ~3MH/S rigs running. Nothing worse than waking up in the morning and finding out one of my rigs hung itself overnight.

May I ask what cards you are using? I decided to buy R9 280x, but I'm considering the 270x instead.

drumingspz

sr. member

Activity: 392

Merit: 250

Quote from: netzwerg on May 08, 2013, 10:33:50 AM

I think it's easy to mine now. Better now than later.

Mine today, yesterday and tomorrow. I always have my ~3MH/S rigs running. Nothing worse than waking up in the morning and finding out one of my rigs hung itself overnight.

publicjud

legendary

Activity: 1120

Merit: 1003

twet.ch/inv/62d7ae96

Quote from: qualityburger on January 07, 2014, 10:33:09 AM

A new coin worth watching is AlphaOmegaCoin

Interesting coin with the largest expected production of 999 billion coins but with smaller block reward of 35,000.

It already has...

a website and wallet: http://www.alphaomegacoin.com
a forum: http://www.alphaomegacoin.org/
and a pool: http://aoc.livechains.net/

and best of all, there has been very little premining! (only about 2100 blocks premined for promotions and such)

Can't say that for a lot of these new altcoins...

What does the community think?

IMO We dont need a new coin with nothing new to offer. How about a coin that actually improves something?

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: qualityburger on January 07, 2014, 10:33:09 AM

A new coin worth watching is AlphaOmegaCoin

Interesting coin with the largest expected production of 999 billion coins but with smaller block reward of 35,000.

It already has...

a website and wallet: http://www.alphaomegacoin.com
a forum: http://www.alphaomegacoin.org/
and a pool: http://aoc.livechains.net/

and best of all, there has been very little premining! (only about 2100 blocks premined for promotions and such)

Can't say that for a lot of these new altcoins...

What does the community think?

This:

Your serious?

Gupje

newbie

Activity: 1

Merit: 0

Quote from: ?? on ??

I don't have a good GPU so I just mine CPU altcoins for now Cool

It's fun for now...

I hope you find a nice GPU, mining is the best thing there is!

fiatdisliker420

newbie

Activity: 2

Merit: 0

Quote from: tyson187 on January 07, 2014, 02:04:36 AM

Can anyone explain to me how the value of a new currencie is determend, like there is one million coins and the market cap is 200.000$ , I do not think that the devs back up the value with real money

Great question. Part of the revolutionary genius of VirgilBucks is its built-in price control mechanism. VirgilBucks will always be stable because you're told exactly how much they're worth at all times. No muss, no fuss, that's the VirgilBucks difference.

Topic: A warning about Alt-Coins - page 20. (Read 901729 times)