Altcoins dying???? - page 6. | Bitcointalksearch.org

DarkMiningBTC

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Quote from: testbitcoiner on January 05, 2014, 10:32:05 PM

Quote from: Anubite on January 05, 2014, 10:19:27 PM

I still have to wonder if people are starting to realize altcoins are almost always just traded for BTC.

Maybe scrypt based coins are slowly being rendered worthless by investors in BTC, and useless by exchanges who refuse to trade them for fiat directly. CGMiner already stopped supporting GPUs, too. It's just worrisome.

I kind of feel BTC holders are a little elitist, too. Like scrypt miners are as worthless as their coins.

you're 100% correct. it's an elitist little bunch. that cgminer guy could just continued support in a second miner... but he didn't

BTC guys think just cause they spent 10000$ on asics, they are something better...

what is going to happen is that litecoin will slowly catch up to BTC and a couple of other scrypt coins will rise in value as a replacement for litecoin in some situations (EAC has the fastest transaction speed of any coin atm, so in special circumstances, this might be preferred) or some coin that has some other unique thing people want...

basically BTC will look down on scrypt until people realize they do not want to wait 2 hours for a BTC transaction (and that's where we're rapidly going with BTC) and they do not want 100GB of transaction data on their harddrives

and they do not want every damn transaction in an accessible list for everyone to read. ----> scrypt coins that are more anonymous like anoncoin

scrypt is going to happen to BTC like BTC happened to fiat currencies. first quiet and slowly, then fast and ugly

do you suspect EAC will be as profitable as most alt coins were last week , around $30-40 a day for rigs as small as 1.5 MH/s? I really like EAC's transaction times as well

kelsey

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Quote from: Anubite on January 05, 2014, 10:19:27 PM

I still have to wonder if people are starting to realize altcoins are almost always just traded for BTC.

Maybe scrypt based coins are slowly being rendered worthless by investors in BTC, and useless by exchanges who refuse to trade them for fiat directly.

dunno as a trader I hold a significant percentage of most the top alts yet hold little btc , the main exchanges I use trade alts for fiat directly (not that I care much for fiat either).

decrypter

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Quote from: Morticio on January 05, 2014, 10:47:51 PM

new meme coin die, https://coinedup.com/OrderBook?market=CAGE&base=BTC only 1 hour on coined-up and it's finish... like dime some day ago...

Thank goodness. Now we need all the other joke currencies to die too. Market efficiency!

Morticio

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new meme coin die, https://coinedup.com/OrderBook?market=CAGE&base=BTC only 1 hour on coined-up and it's finish... like dime some day ago...

testbitcoiner

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Quote from: Anubite on January 05, 2014, 10:19:27 PM

I still have to wonder if people are starting to realize altcoins are almost always just traded for BTC.

Maybe scrypt based coins are slowly being rendered worthless by investors in BTC, and useless by exchanges who refuse to trade them for fiat directly. CGMiner already stopped supporting GPUs, too. It's just worrisome.

I kind of feel BTC holders are a little elitist, too. Like scrypt miners are as worthless as their coins.

you're 100% correct. it's an elitist little bunch. that cgminer guy could just continued support in a second miner... but he didn't

BTC guys think just cause they spent 10000$ on asics, they are something better...

what is going to happen is that litecoin will slowly catch up to BTC and a couple of other scrypt coins will rise in value as a replacement for litecoin in some situations (EAC has the fastest transaction speed of any coin atm, so in special circumstances, this might be preferred) or some coin that has some other unique thing people want...

basically BTC will look down on scrypt until people realize they do not want to wait 2 hours for a BTC transaction (and that's where we're rapidly going with BTC) and they do not want 100GB of transaction data on their harddrives

and they do not want every damn transaction in an accessible list for everyone to read. ----> scrypt coins that are more anonymous like anoncoin

scrypt is going to happen to BTC like BTC happened to fiat currencies. first quiet and slowly, then fast and ugly

Anubite

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I still have to wonder if people are starting to realize altcoins are almost always just traded for BTC.

Maybe scrypt based coins are slowly being rendered worthless by investors in BTC, and useless by exchanges who refuse to trade them for fiat directly. CGMiner already stopped supporting GPUs, too. It's just worrisome.

I kind of feel BTC holders are a little elitist, too. Like scrypt miners are as worthless as their coins.

testbitcoiner

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I like crypto

Quote from: DarkMiningBTC on January 05, 2014, 09:02:27 PM

Quote from: testbitcoiner on January 05, 2014, 08:37:46 PM

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

ya, I noticed too wow lol I think I'll start mining earthcoin, but wondering just when or IF it will hit cryptsy.

I saw a screenshot of the conversation on skype.... so I know BigVern is gonna add EAC. we don't have an exact date, though. but it sounded like early this week... but it will happen, even if it takes a day longer

testbitcoiner

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Quote from: Kungfucheez on January 05, 2014, 08:51:24 PM

Quote from: testbitcoiner on January 05, 2014, 08:37:46 PM

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

This coming from the same person promoting Earthcoin in this thread...just shut up already we get it, you like Earthcoins

you basically call me a liar, yet you had the choice to either ckeck if what I said was true, or to flame me... you know what kind of people pick "flame" in such a situation?

people who do not care about truth. people who just care about what makes them feel better.

edit: doge is back to actual exchange prices on coinwarz... but from now on, I'll recheck prices of the top coins. I can not understand how in an automated system such a dramatically different price can appear...

DarkMiningBTC

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Quote from: testbitcoiner on January 05, 2014, 08:37:46 PM

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

ya, I noticed too wow lol I think I'll start mining earthcoin, but wondering just when or IF it will hit cryptsy.

DarkMiningBTC

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Activity: 156

Merit: 100

Quote from: Kungfucheez on January 05, 2014, 08:51:24 PM

Quote from: testbitcoiner on January 05, 2014, 08:37:46 PM

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

This coming from the same person promoting Earthcoin in this thread...just shut up already we get it, you like Earthcoins

hey bro, he's just sharing valuable information, I find it helpful.

Kungfucheez

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Quote from: testbitcoiner on January 05, 2014, 08:37:46 PM

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

This coming from the same person promoting Earthcoin in this thread...just shut up already we get it, you like Earthcoins

testbitcoiner

member

Activity: 126

Merit: 10

I like crypto

there is something wrong with doge when it comes to the "most profitable list"...

coinwarz, and I just saw that, lists doge with 45 satoshi on cryptsy....

but doge is 30 now and 28 on coinex, and it has not moved one bit.

I've checked both exchanges and the last 12h. was not even above 35....

shenanigans? bug?

that certainly explains why multipool is still mining doge...

testbitcoiner

member

Activity: 126

Merit: 10

I like crypto

Quote from: DarkMiningBTC on January 05, 2014, 08:05:09 PM

Since there arn't alot of calculators up right now, how many EAC's do you think you can make a day with 1.5 MH/s? and price of each?

just calculate another coin, the one you're mining, then do multiplications or divide it by the diff and price

in this case I went to coinwarz and just did a doge * 1.3 calculation and came up with ~19 $

overall, it's just the most profitable, but that depends if you find a good pool...

mine got DDOSed into kindom come...

http://eac.dedicatedpool.com/ this one seems to be ok... but I am still looking for a replacement

http://eac.us.hackshard.com this one will shut down in 14 days (the guy had a massive hardware issue with another pool and is giving up managing pools... so he shuts it down soon), but it has been one of the best

https://bitcointalk.org/index.php?topic=379236.4000 official thread

DarkMiningBTC

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Quote from: testbitcoiner on January 05, 2014, 08:00:22 PM

Quote from: DarkMiningBTC on January 05, 2014, 07:58:41 PM

Quote from: testbitcoiner on January 05, 2014, 07:37:36 PM

Quote from: Mr. Gabu on January 05, 2014, 07:29:11 PM

We get it. EAC is the best. Now GTFO.

doge has a diff of 300, is worth 28 satoshi and has a block size of 500k

EAC has a diff of 60, is worth 370 satoshi on coinex and coined up and has a block size of 10k

since you guys are obviosuly bad at math (if you say doge is most profitable) I'll do it for you:

both coins have same block time at 60 seconds

doge: 500.000*0.00000028= 0.14 BTC

EAC: 10.000*0.0000037= 0.037 BTC

that's how far you calculate obviously....

but then doge has a 5 times higher diff
and thus:

doge 0.14 / 5 = 0.028 BTC

EAC 0.037 BTC

but keep mining doge... once EAC hits cryptsy, it'll go up. doge is still gonna go down.

but keep flaming me

edit: I owned doge... I had mined it a lot, until EAC became more profitable. look at my sig. I'm still accepting doge tips

So when do you suspect EAC will be on cryptsy?

BigVern said he needs to clean up some backend stuff before he can add EAC. that was 2 days ago

Since there arn't alot of calculators up right now, how many EAC's do you think you can make a day with 1.5 MH/s? and price of each?

testbitcoiner

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I like crypto

Quote from: DarkMiningBTC on January 05, 2014, 07:58:41 PM

Quote from: testbitcoiner on January 05, 2014, 07:37:36 PM

Quote from: Mr. Gabu on January 05, 2014, 07:29:11 PM

We get it. EAC is the best. Now GTFO.

doge has a diff of 300, is worth 28 satoshi and has a block size of 500k

EAC has a diff of 60, is worth 370 satoshi on coinex and coined up and has a block size of 10k

since you guys are obviosuly bad at math (if you say doge is most profitable) I'll do it for you:

both coins have same block time at 60 seconds

doge: 500.000*0.00000028= 0.14 BTC

EAC: 10.000*0.0000037= 0.037 BTC

that's how far you calculate obviously....

but then doge has a 5 times higher diff
and thus:

doge 0.14 / 5 = 0.028 BTC

EAC 0.037 BTC

but keep mining doge... once EAC hits cryptsy, it'll go up. doge is still gonna go down.

but keep flaming me

edit: I owned doge... I had mined it a lot, until EAC became more profitable. look at my sig. I'm still accepting doge tips

So when do you suspect EAC will be on cryptsy?

BigVern said he needs to clean up some backend stuff before he can add EAC. that was 2 days ago

DarkMiningBTC

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Activity: 156

Merit: 100

Quote from: testbitcoiner on January 05, 2014, 07:37:36 PM

Quote from: Mr. Gabu on January 05, 2014, 07:29:11 PM

We get it. EAC is the best. Now GTFO.

doge has a diff of 300, is worth 28 satoshi and has a block size of 500k

EAC has a diff of 60, is worth 370 satoshi on coinex and coined up and has a block size of 10k

since you guys are obviosuly bad at math (if you say doge is most profitable) I'll do it for you:

both coins have same block time at 60 seconds

doge: 500.000*0.00000028= 0.14 BTC

EAC: 10.000*0.0000037= 0.037 BTC

that's how far you calculate obviously....

but then doge has a 5 times higher diff
and thus:

doge 0.14 / 5 = 0.028 BTC

EAC 0.037 BTC

but keep mining doge... once EAC hits cryptsy, it'll go up. doge is still gonna go down.

but keep flaming me

edit: I owned doge... I had mined it a lot, until EAC became more profitable. look at my sig. I'm still accepting doge tips

So when do you suspect EAC will be on cryptsy?

testbitcoiner

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Quote from: decrypter on January 05, 2014, 07:52:39 PM

The altcoins aren't dying. As others have pointed out, Bitcoin is rising the so the spread is going down but most likely your alt-currency of choice is still worth whatever it was before in your local currency.

EAC did not go down one satoshi during bitcoin spike.

just saying...

decrypter

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The altcoins aren't dying. As others have pointed out, Bitcoin is rising the so the spread is going down but most likely your alt-currency of choice is still worth whatever it was before in your local currency.

testbitcoiner

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Quote from: dewdeded on January 05, 2014, 07:46:52 PM

Ok, we get it.

if you had gotten it, you'd not be upset.

we are all here to make money. and 32% is a shitload of more profit.

you should be grateful that I pointed this out to you, not mad.

doge is done for. so are most of the alt coins. there is no shame in switching to the winning team

carlb007

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good for you testbit - but maybe some people mining are looking futher ahead than the end of their nose?
Also maybe make a new thread if you want to discuss the merits of both instead of starting a war in here.

Topic: Altcoins dying???? - page 6. (Read 10852 times)