Topic: anyone using other cryptocurrencies? (Read 1281 times)
No.
Litecoin is such a minimal modification to Bitcoin that one should discuss altering the Bitcoin block frequency instead of forking the project. True, the generation curve is a little better -- but IMO, they should have gone all the way and left out the minting cuts in the first place. On the long run, it's not different from Bitcoin, and on the short run it's preferable to not migrate away from Bitcoin.
The point of Litecoin was to accommodate people without access to GPUs. Period. Nothing more. There was no problem that Bitcoin had which needed solving. It was more a case of "not fair those other kids got more Gigahashes. I am making my own sandbox where only megahashes are allowed to play".
It will have a short life.
Litecoin for now...
Litecoin is such a minimal modification to Bitcoin that one should discuss altering the Bitcoin block frequency instead of forking the project. True, the generation curve is a little better -- but IMO, they should have gone all the way and left out the minting cuts in the first place. On the long run, it's not different from Bitcoin, and on the short run it's preferable to not migrate away from Bitcoin.
The point of Litecoin was to accommodate people without access to GPUs. Period. Nothing more. There was no problem that Bitcoin had which needed solving. It was more a case of "not fair those other kids got more Gigahashes. I am making my own sandbox where only megahashes are allowed to play".
It will have a short life.
Bitcoin is the currency I'm using.. it's the most common and most accepted of all the different variants.
I do have addresses for the others. Partially to say I've tried them, partially to say I can accept them if need be for something, and partially because I get free bits for some from merged mining.
I do have addresses for the others. Partially to say I've tried them, partially to say I can accept them if need be for something, and partially because I get free bits for some from merged mining.
I don't want to use more than one cryptocurrency that is based on limited supply. The reason is simply that the instabilities created between them damage the idea as a whole, such as the natural monopoly taken by one possibly resulting in a devaluation of the other.
Litecoin is such a minimal modification to Bitcoin that one should discuss altering the Bitcoin block frequency instead of forking the project. True, the generation curve is a little better -- but IMO, they should have gone all the way and left out the minting cuts in the first place. On the long run, it's not different from Bitcoin, and on the short run it's preferable to not migrate away from Bitcoin.
Namecoin merges a problem into the block chain that doesn't belong there.
Strongcoin appears to be broken by design.
Bitcoin is the way to go, and right now, I really see no project that comes close to being worth the overhead of switching. Most competition is just an attempt to be an early adopter.
Litecoin is such a minimal modification to Bitcoin that one should discuss altering the Bitcoin block frequency instead of forking the project. True, the generation curve is a little better -- but IMO, they should have gone all the way and left out the minting cuts in the first place. On the long run, it's not different from Bitcoin, and on the short run it's preferable to not migrate away from Bitcoin.
Namecoin merges a problem into the block chain that doesn't belong there.
Strongcoin appears to be broken by design.
Bitcoin is the way to go, and right now, I really see no project that comes close to being worth the overhead of switching. Most competition is just an attempt to be an early adopter.
i like namecoins, go .bit go
I mine Litecoins as I have a few spare CPU's and it doesn't interfere with bitcoin/namecoin mining. It seems to be the only alt-coin which is legit atm.
/thread I was looking at Tenebrix, since I use a laptop without a GPU
Tenebrix seems to be pretty dead, most of the sites that supported it are also offline.
Namecoins are interesting, and a few pools already support concurrent mining which doesn't affect BTC mining rate.
In just a couple weeks, I made $6 off NMC and used my winnings to buy one whole Bitcoin.
In just a couple weeks, I made $6 off NMC and used my winnings to buy one whole Bitcoin.
You kinda have to do NMC as you can merge mine it with bitcoin anyway without affecting your bitcoin mining performance. It's only a small addition but all little bits help
Namecoins are interesting, and a few pools already support concurrent mining which doesn't affect BTC mining rate.
In just a couple weeks, I made $6 off NMC and used my winnings to buy one whole Bitcoin.
In just a couple weeks, I made $6 off NMC and used my winnings to buy one whole Bitcoin.
I mine Litecoins as I have a few spare CPU's and it doesn't interfere with bitcoin/namecoin mining. It seems to be the only alt-coin which is legit atm.
I'm thinking of trying some, can you recommend anything?
What's your point?
Mining cryptocurrencies isn't a get-rich-quick scenario without significant financial investments.
It's hard for me to see any future for the current set of alternative cryptocurrencies as they offer nothing significantly better than the bitcoin chain.
If you're trying to make some money selling the mined coins why don't you try Litecoins? Still, we're talking cents here.
I recommend you stick to Bitcoin, buy a couple of coins if you wish to play with them.
I was looking at Tenebrix, since I use a laptop without a GPU
why trying others ? I dont get it..
Litecoin, that's about the only good choice at the moment. Avoid Solidcoin and you'll be fine.
I'm thinking of trying some, can you recommend anything?
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