A warning about Alt-Coins - page 51.

david_hickox

newbie

Activity: 4

Merit: 0

Just wondering don't alt coins have some value because they are easy to mine and provide a competition for bit coin.

I do fully realize that most of them will die but i do not believe they were only created to be pump and dump scams.

A lot of people think they are which i do not really get. Anyway if someone feels differently can you please post an explanation.

And don't yell at me for repeating something because i don't have the time to brows thorough 200 pages of discussion.

Thanks. Huh

Test User

member

Activity: 85

Merit: 10

Miner and technician

I just wanted to post a warning about dogecoin mining pools. I have lost an estimated 2 million doge to a fake pool (doge. Cryptopool. It)

I started mining last week and got my first payout. I then left 10MH running over a long weekend. When I got back I had 1 Mill in my account unpaid, but had been expecting at over 2 by calculations from diff and hash rate.

I thought the pool was just lagged out, but when I tried a manual payout I got an interesting message which went a bit like:
"You thought the world was your oyster. This time you're not getting your pearl. "

Basically, it was a sarcastic message from the admin admitting that he had stolen the coins.

(I know there is a dedicated thread about this pool, but I thought the admin's cheeky message would be interesting to some people who still hope that they might get their coins. As a newbie, I can't reply to that thread).

hilariousandco

global moderator

Activity: 4046

Merit: 2732

Join the world-leading crypto sportsbook NOW!

Quote from: samysamy1 on December 20, 2013, 08:13:18 AM

Hi,

I'm new to altcoins but it starts to get confusing when every few weeks a new coin comes up and beats some established ones. How do you go about this?

Thanks.

You disregard them. They'll be flash in the pans in the long run, and only few coins will have value in the real world.

plusminus

newbie

Activity: 4

Merit: 0

Quote from: samysamy1 on December 20, 2013, 08:13:18 AM

Hi,

I'm new to altcoins but it starts to get confusing when every few weeks a new coin comes up and beats some established ones. How do you go about this?

Thanks.

you can sign up for pool that mines most profitable coin at the moment, like multipool or hashco, you can also mine specific coin on those pools aswell

samysamy1

sr. member

Activity: 490

Merit: 252

Hi,

I'm new to altcoins but it starts to get confusing when every few weeks a new coin comes up and beats some established ones. How do you go about this?

Thanks.

dodlD

newbie

Activity: 7

Merit: 0

Hello!!
I am new here and also at mining coins, but I have been mining DOGE coins for about a week now at http://doge.poolerino.com/. such profit!

kowalsky

member

Activity: 98

Merit: 10

Quote from: Digibob on December 19, 2013, 11:10:35 AM

Hello i'm new here

I started mining digitalcoin 2 weeks ago on my nvidia card (with cudaminer). It works well with low difficulty ! Last saturday i start dogecoin it was very easy

I dont have good hardware so i think i will no longer mine coin, but im still interested in

You dont need good hardware as you can run your minners on clouds servers

http://dogecoin.ga/dogecoin_mining_cloud_servers.htm Wink

altcoinpools

newbie

Activity: 1

Merit: 0

We just started our new DogeCoin pool: http://doge.altcoinpools.com

Fast dedicated server with stratum support, pays after 40 confirms!

Fees are 2% at start but will be lowered when pool gets bigger.

Feel free to join!

theminingcanary

newbie

Activity: 5

Merit: 0

Quote from: wickedseraphim on December 19, 2013, 10:08:11 PM

Quote from: pagefault on December 19, 2013, 04:46:43 PM

Hi,
did anyone try to mine Dogecoins at doge.cryptopool.it? I've been mining for 2 days (off and on, not continiously) but didn't receive any coins so far.
This also looks a bit strange: Est. Shares 496714 (done: 1918.87%). 2k%? Can you be this unlucky or is the pool broken?

Down for 24 hours for server upgrades. DOGE got big in a hurry! I'm using doge.poolerino.com for tonight. It has an identical page layout. Cheesy

+1 - MPOS is a very clean nice looking front end. Poolerino is good but for some reason the past 2 blocks have hung up and taken forever and a day to complete. Good payouts nonetheless though, come on over the waters warm.

tpmjb

newbie

Activity: 3

Merit: 0

Probably getting late to jump on the doge bandwagon. What took 2 days to mine now takes 2 weeks!

I'm using poolerino though. Good site!

biltalk

newbie

Activity: 8

Merit: 0

Seen some more of this recently, so wanted to highlight the point.

jackey_coin

newbie

Activity: 42

Merit: 0

considering about the Alt. And see what will happen? who know.

boomerjackson

newbie

Activity: 42

Merit: 0

Anyone know of any good lottocoin pools? I only see three up and two of them dont work.

dereku

newbie

Activity: 2

Merit: 0

Alt-coins are diff right now but still profitable for newbies to mine

AmyRose

newbie

Activity: 8

Merit: 0

Quote from: wickedseraphim on December 19, 2013, 09:59:30 PM

Quote from: qwsde on December 19, 2013, 03:47:52 PM

Is there any list of newly announced alt-coins? I've found this thread but it was nos not updated for the last few months.

thanks!

coinwarz.com it has all kinds of handy charts and alt coin calculators. DOGE coin is currently the best to mine, I started last night.

Difficulty is pretty hard right now, but it's still the best of any coin for profitability as far as I can tell.

wickedseraphim

newbie

Activity: 31

Merit: 0

Quote from: pagefault on December 19, 2013, 04:46:43 PM

Hi,
did anyone try to mine Dogecoins at doge.cryptopool.it? I've been mining for 2 days (off and on, not continiously) but didn't receive any coins so far.
This also looks a bit strange: Est. Shares 496714 (done: 1918.87%). 2k%? Can you be this unlucky or is the pool broken?

Down for 24 hours for server upgrades. DOGE got big in a hurry! I'm using doge.poolerino.com for tonight. It has an identical page layout. Cheesy

wickedseraphim

newbie

Activity: 31

Merit: 0

Quote from: qwsde on December 19, 2013, 03:47:52 PM

Is there any list of newly announced alt-coins? I've found this thread but it was nos not updated for the last few months.

thanks!

coinwarz.com it has all kinds of handy charts and alt coin calculators. DOGE coin is currently the best to mine, I started last night.

AmyRose

newbie

Activity: 8

Merit: 0

Dogecoin for best altcoin :p
(working up to 5 posts don't mind me? xD)

-JoS-

newbie

Activity: 9

Merit: 0

Most of the alt-coins just look like a copycat to me.

They add pretty nothing new and are just something to mine at low diff, inflate and trade with BTC that is the only way to cash FIAT money.

Even Litecoin add just few improvements but it's still a copycat that depends on how BTC goes. Ending with one of the latest, Dogecoin, started as a joke, but at least could be considered the first viral coin, the one who approached the "mass" to the world of crypto-currencys.

NewSpiece

newbie

Activity: 9

Merit: 0

I think alt coins aren't really necessary but I guess some competition is healthy.

Topic: A warning about Alt-Coins - page 51. (Read 901729 times)