A warning about Alt-Coins - page 70.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: jones31 on December 09, 2013, 10:26:30 PM

Quote from: Swimmer249 on December 09, 2013, 10:23:41 PM

If you're looking for a good alt-coin, Feathercoin is the way to go. Best profitability right now

So it is profitability that makes a "good" coin?
If everybody jumps onboard and the profitability from mining it goes down , it will turn into a "Bad" coin?

That would lead to people saying that bitcoin is a bad coin , because is is used , it is traded , it is bought,sold, begged for.

Pretty much this is what's happening lately in the alt coin scene. Apart from some coins that are offering something different like ppc and xpr everything else is promoted that way.

jones31

newbie

Activity: 28

Merit: 0

Quote from: Swimmer249 on December 09, 2013, 10:23:41 PM

If you're looking for a good alt-coin, Feathercoin is the way to go. Best profitability right now

So it is profitability that makes a "good" coin?
If everybody jumps onboard and the profitability from mining it goes down , it will turn into a "Bad" coin?

That would lead to people saying that bitcoin is a bad coin , because is is used , it is traded , it is bought,sold, begged for.

Swimmer249

newbie

Activity: 1

Merit: 0

If you're looking for a good alt-coin, Feathercoin is the way to go. Best profitability right now

eyebeetle

newbie

Activity: 23

Merit: 0

I'll admit, I signed up here for Dogecoin. I want it to succeed Grin

sparta_cuss

sr. member

Activity: 386

Merit: 250

Quote from: PenAndPaper on December 09, 2013, 07:26:00 PM

Quote from: bardo30 on December 08, 2013, 08:37:53 PM

Quote from: phil__65 on December 08, 2013, 01:27:43 AM

Quote from: sparta_cuss on December 08, 2013, 12:09:31 AM

Where do you store your bitcoins and altcoins - in client wallets on a hard drive, or on a removeable drive, paper wallets, or at exchanges? I'm not sure where I should store mine. Keeping them in an account at an exchange is obviously convenient, but perhaps it's not safe. What do y'all do?

I have stored it at different places. saving inside an encrypted container (truecrypt for example) at a cloud service also seems like a safe solution to me while still being able to access it from different places.

thank you truecrypt suggestion I was looking for cloud solution this one is perfect

You don't have to include it in a truecrypt container. Just encrypt your wallet with the option that each wallet gives you.
Encrypt in it again adds nothing.

Thank you for the truecrypt suggestion, phil__65.
Can someone please provide a link? I don't want to trust whatever I happen to find via google.

Sormerense

newbie

Activity: 30

Merit: 0

How can I mine both from ASIC and CPU at one time? When ASIC working with Easy Miner (BFL Labs), cgminer says that he can not find any device.

maxxoccupancy

member

Activity: 70

Merit: 10

Is there a dogecoin wallet for the Mac? I'm really interested in mining this thing.

Sormerense

newbie

Activity: 30

Merit: 0

Let dogecoin grow up to da moon.

PenAndPaper

sr. member

Activity: 252

Merit: 250

Quote from: bardo30 on December 08, 2013, 08:37:53 PM

Quote from: phil__65 on December 08, 2013, 01:27:43 AM

Quote from: sparta_cuss on December 08, 2013, 12:09:31 AM

Where do you store your bitcoins and altcoins - in client wallets on a hard drive, or on a removeable drive, paper wallets, or at exchanges? I'm not sure where I should store mine. Keeping them in an account at an exchange is obviously convenient, but perhaps it's not safe. What do y'all do?

I have stored it at different places. saving inside an encrypted container (truecrypt for example) at a cloud service also seems like a safe solution to me while still being able to access it from different places.

thank you truecrypt suggestion I was looking for cloud solution this one is perfect

You don't have to include it in a truecrypt container. Just encrypt your wallet with the option that each wallet gives you.
Encrypt in it again adds nothing.

GeneralZaphod

newbie

Activity: 1

Merit: 0

lets see if I can finally post... go Gridcoin!

Xarria

newbie

Activity: 1

Merit: 0

Quote from: bottledwater on December 09, 2013, 02:55:15 PM

Any one know how I can get the doge coin wallet to sync, I saw something about adding in a conf file, is this normal to have to add in a conf to get a wallet to work?

You need to create a file called dogecoin.conf in %appdata%/DogeCoin/ with the contents:
rpcuser=doge
rpcpassword=wow
addnode=95.85.29.144
addnode=162.243.113.110
addnode=146.185.181.114
rpcport=22555
server=1
daemon=1

cosmowright

newbie

Activity: 18

Merit: 0

Quote from: HHvindenes on December 09, 2013, 09:56:58 AM

Just downloaded Quarkcoin miner, 1 hour later Google said an unauthorized accound access attepmt had been denied. I deleted file, scanned computer with both AVG and Norton and reset passwods on mt.Gox, ebay, paypal, etcetc :/

Carzy this world! Sad

Yo I would bet you're not safe. It's probably a new virus/trojan that isn't detected with anti-virus as of now. Change your passwords using another computer and pray that they detect it.

Requiem

newbie

Activity: 12

Merit: 0

Quote from: microcoin on December 09, 2013, 12:01:46 PM

I like the idea of NVC very much, being an ecologic alternative to LTC. They still have mining, like LTC and all other alts, and this will consume as much electricity. But when all coins are mined, the power needs will drop significantly.

Not only LTC...

Cryddit

legendary

Activity: 924

Merit: 1132

Adding a conf file is the usual way to do it and the least trouble. Otherwise you have to specify absolutely everything with command line arguments -- every time.

bottledwater

newbie

Activity: 11

Merit: 0

Any one know how I can get the doge coin wallet to sync, I saw something about adding in a conf file, is this normal to have to add in a conf to get a wallet to work?

microcoin

newbie

Activity: 6

Merit: 0

I like the idea of NVC very much, being an ecologic alternative to LTC. They still have mining, like LTC and all other alts, and this will consume as much electricity. But when all coins are mined, the power needs will drop significantly.

maxxoccupancy

member

Activity: 70

Merit: 10

The value of any altcoin is its ability to buy something later. Unless there's a mechanism in place to help hold that currency's value, it's just going to spend its short, troubled life as yet another overprinted, overproduced worthless cryptocurrency.

Monetary history is full of fiat currencies that had no value because governments ran the printing presses far beyond the demand in the marketplace.

Tonza

member

Activity: 61

Merit: 10

The sheer amount of alt-coins is so crazy that it's difficult to see which one will prosper if any...

I do like bottlecaps as a name for a currency though.

HHvindenes

newbie

Activity: 28

Merit: 0

Just downloaded Quarkcoin miner, 1 hour later Google said an unauthorized accound access attepmt had been denied. I deleted file, scanned computer with both AVG and Norton and reset passwods on mt.Gox, ebay, paypal, etcetc :/

Carzy this world! Sad

ClydeFrog

newbie

Activity: 13

Merit: 0

Quote from: exokk on December 09, 2013, 09:10:30 AM

I am not that long in the business of virtual coins at all...
however I would be interested in some opinions about
a) spreading as much as possible (thus looking for especially new coins, creating a wallet for each, mining some thousands and going on for the next coin) vs
b) mining on 4 or 5 promising coins with good indicators all the time

what would you prefer?

Personally im doing the 80/20 rule.
Betting 80% on MEC mining, and spreading 20% on crypsty buying on other currency's

I believe MEC has great potential, active comunity, great developers and innovative ideas to level the playing field. It just needs more awareness

Topic: A warning about Alt-Coins - page 70. (Read 901729 times)