It's obviously not very hard to create an alt or very costly. As to why people create them? One word: profit.There's obviously money to be made from them because idiots keep mining them.
how could the owners of some altcoin's get the profit from miners? i thinked miners could loose only their time and money on electricity and hardware. 
Topic: Altcoins. Why so much? (Read 406 times)
Because people who own websites like coinmarketcap will add anyone who requests it. A lot of the scam coins would die overnight if they lost their main source of publication (being listed on capitalization websites).
With the exception of BTC and LTC, there's only a few real alternatives - some are more established like NxT (if you can look past the initial distribution), Darkcoin (if anonymity is not the flavour of the month like the old country or animal coins) and then smaller start ups like NEM (which are token trading but haven't launched). There are lesser potentials like Node Coin, NFD but these are effectively smaller versions of NEM and have less momentum.
Then you have coins like Ethereum which may never launch (or not have an IPO) due to Canadian law on securities and crowd funding (as Ethereum is based in Ontario. They tried a short IPO back in January and it was pulled after the legal issue became clear, IIRC).
With the exception of BTC and LTC, there's only a few real alternatives - some are more established like NxT (if you can look past the initial distribution), Darkcoin (if anonymity is not the flavour of the month like the old country or animal coins) and then smaller start ups like NEM (which are token trading but haven't launched). There are lesser potentials like Node Coin, NFD but these are effectively smaller versions of NEM and have less momentum.
Then you have coins like Ethereum which may never launch (or not have an IPO) due to Canadian law on securities and crowd funding (as Ethereum is based in Ontario. They tried a short IPO back in January and it was pulled after the legal issue became clear, IIRC).
It's obviously not very hard to create an alt or very costly. As to why people create them? One word: profit.There's obviously money to be made from them because idiots keep mining them.
I used http://crypto-coins-table.com/ to look into the altcoins wold and really scarred. Why so much? And it's count still growing...
Could you explain - is it hard to create, for example, primecoin clone and push it into web?
How much does it "cost"?
it looks like white noise into the altcoins world especially when you see something like HODORCOINS (he-he).
Could you explain - is it hard to create, for example, primecoin clone and push it into web?
How much does it "cost"?
it looks like white noise into the altcoins world especially when you see something like HODORCOINS (he-he).
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