A warning about Alt-Coins - page 94.

Vezalke

member

Activity: 76

Merit: 10

Quote from: andreja1982 on November 26, 2013, 05:11:17 AM

Hello

I'm new in world of cryptocurrency....
so I miss the bus for BTC...what Alt-Coin is best for starting?
ANC,LTC,XPM or?

I have a great computer, and i'm going to mine with contract miners

I would mine anoncoin if i were you. Difficulty is still low (14) while litecoin is almost 1500. Both currencies are scrypt based, so no ASIC and FPGA miners (yet).
There are some decent pools out there.

andreja1982

member

Activity: 95

Merit: 10

Hello

I'm new in world of cryptocurrency....
so I miss the bus for BTC...what Alt-Coin is best for starting?
ANC,LTC,XPM or?

I have a great computer, and i'm going to mine with contract miners

azguard

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

Quote

Thinking about purchasing XPM, PPC, LTC. From what I gather PPC would be safer long-term? Although it seems like LTC will increase in worth faster than PPC, and have generally more widespread usage. XPM just because. All the other coins seem too fringe or abstract without real difference. Thoughts?

Go for LTC and PPC, maybe FTC. I follow FTC in past several days it gonna pop in next year for sure, but that my opinion. These 3 are mine to folow LTC, PPC and FTC.

ghostcasserole

newbie

Activity: 2

Merit: 0

Thinking about purchasing XPM, PPC, LTC. From what I gather PPC would be safer long-term? Although it seems like LTC will increase in worth faster than PPC, and have generally more widespread usage. XPM just because. All the other coins seem too fringe or abstract without real difference. Thoughts?

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

thanx, good info!

DCRnerd

newbie

Activity: 10

Merit: 0

Diversification in the post-cryptocurrency world means, in part, diversifying the blockchains on which your coin balances reside.

Using Bitcoin as example, CoinValidation may in essence compromise the usefulness and reliability of the Bitcoin blockchain. Other blockchains, such as Litecoin's, possess all the characteristics that make the Bitcoin blockchain so resilient and reliable, but would remain un-tampered with by centralized authorities. And if the same happens to Litecoin, we move to another blockchain. Owning altcoins is a hedge against hampering regulation or unforeseen security issues of the blockchain on which all your wealth is represented.

In this period of uncertainty about sovereign governments' intentions for Bitcoin, it only makes sense to diversify your your holdings by placing a portion of your wealth into some alt-coins that check out under due process.

headgsaket

newbie

Activity: 1

Merit: 0

I had exactly this (mine was called FairCoin) idea this weekend:
https://bitcointalksearch.org/topic/proof-of-work-based-on-human-energy-only-343986

The crux for this to work is a ProofOfWork job that is hard for computers such as reCAPTCHAs but easy for humans; while easily verifiable by computers. Said puzzles need to allow the proofed integration of a list of transactions and a previous block's hash, to be chain-able and signing transactions.

Faircoin because:: This would provide both an adoption path and an income to the third world, where hard currencies are much valued, and human intellect work is under valued.

still thinking it through tho, any suggestions would be much appreciated.

(and instructions on how to exit from the newbie lockdown too...)

TIA,
h

Arturro333

member

Activity: 74

Merit: 10

I heard from Bilderber that Bitcoin will hit 13 000 then just disapear to 1$ because there is one way to make it uselesss. Some people knows what i say that why who has to earn money will earn and who has to loose will loose

oygyyxli

newbie

Activity: 1

Merit: 0

valid post. one of the cool things about the altcoins tho is they do try some different configurations and security stuff so it is not all lost.

greeneye

newbie

Activity: 1

Merit: 0

Quote from: neskanu on November 24, 2013, 01:34:31 PM

I'm trying QRK and SRC right now, cheap, but easy to mine on any machine. Made a tad bit of profit in Criptsy so far.

I believe that coins with real world application of algorythms like PPC, XPM, CureCoin and others make the most economic sense though as they are creating value, not just using electricity for maintaining the network.

I agree with you that coins designed to leverage compute cycles toward solving mathematical challenges with real-world applicability is really compelling, and likely to draw more folks into the alt coin space.

May I ask what your interest in QRK is? I'm a little unclear as to what its differentiating features are... It sounds like it's focused on security, but does it offer any actual real-world advantage over BTC?

fazz

newbie

Activity: 7

Merit: 0

Keep an eye on Primecoin(XPM). Was apparently added to some chinese exchange yesterday and today the price went up by almost 150%. BUT, be aware that at its peak it was still 3 times higher than this.

It's a cool alt because it truly is unique. And it is still CPU only making it quite nice to solomine on your PC, works great to mine at the same time as your GPU mines something else.

I made quite alot of Bitcoins(yes i converted em, but can you blame me with the BTC prices?). A friend made more than 200btc mining this. And with the price rise of btc lately, I think its actually quite nice to mine it again.

Here is some of the most important things to know about it.

Wiki -> http://en.wikipedia.org/wiki/Primecoin
Best (IMO) exchange -> https://mcxnow.com/exchange/XPM
On reddit -> http://www.reddit.com/r/primecoin
Release thread(No premine, had a fair launch) -> https://bitcointalksearch.org/topic/xpm-ann-primecoin-release-first-scientific-computing-cryptocurrency-251850
Best miner(dont use the original, its not optimized AT ALL) -> https://bitcointalksearch.org/topic/xpm-ann-primecoin-high-performance-hp14-released-255782
Best Pool(IMO) -> http://www.peercointalk.org/index.php?topic=485.0

Will glady answer questions about this

Feel free to donate if you found this useful!

XPM: AW9GNjP9nrVihTMcJbcyd4srhcpHydvsMm
BTC: 1JJdCf2rwgCi5y1C5rnS2WVUjudFksHLsn

ZetaOS

full member

Activity: 140

Merit: 100

Wow Great!
https://www.youtube.com/watch?v=ebIWBPVubOI

I found out that we can mine alt-coins on CEXIO to!
Whit the price jumps of some alts it can be interesting
NMC
IXC
DVC

united-scrypt-coin

newbie

Activity: 48

Merit: 0

Fellow altcoin lovers,

United Scrypt Coin is in the final stages of development.

The coin can be merge-mined with LTC, or any other scrypt_1024_1_1_256_sp coin. It has the goal of uniting all available scrypt hashing power, to make the most secure scryptcoin ever.

We all know, most of the small coins on cryptsy can be 51%ed by any serious pool. Since the value of a coin is limited by the cost of an 51% attack; the only way to create a viable altcoin is by merged mining it.

Announcement will follow in time on the real altcoin forum.

Peace.

ZetaOS

full member

Activity: 140

Merit: 100

Goldcoin made a Huge Jump!
Grin

k_harel

newbie

Activity: 1

Merit: 0

where can i get litecoins?

IrishTR

newbie

Activity: 4

Merit: 0

I am looking forward to reading and learning all the information I possibly can about mining. Sure is interesting having to learn all these acronyms and how things work and the variety of coin mining out there. Currently decided to mine GLD so, hopefully I'm doing it right and can get some use outta these old AMD cards I abandoned awhile ago.

Again thanks everyone for the information and the assistance thus far! Looking forward to being part of the community.

LoTodelo

newbie

Activity: 4

Merit: 0

I think that Litecoins have a standing chance :-)

BTCSTOCKZ

newbie

Activity: 28

Merit: 0

NVC-NOVACOIN i like this one because it may help to end censorship. Wink

davecastlevania

newbie

Activity: 5

Merit: 0

Litecoins are awesome and I can only see positive things from here. Just needs to add more merchants and it's golden.

HappyLizard

newbie

Activity: 16

Merit: 0

The way I see it, its a good idea to stack some of as many alt coins as possible early on when it's easy to mine. As long as you get in early it takes you no time at all. Then you just sit on them, if they go nowhere (as I'm sure most will) then its no great loss, however if they explode...

I remember back in the day when BTC was around 12USD, I thought Litecoin would prob amount to nothing, but that seems to be coming along nicely now. In cryptocurrency more than anything else, we just can't tell what the future will bring. I plan to cover as many of the bases as possible

Topic: A warning about Alt-Coins - page 94. (Read 901725 times)