How to create new crypto currency and is it worth the effort???

hilariousandco

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Quote from: buddynuno on December 16, 2013, 03:37:46 PM

Hey all,

I have been watching these new crypto market and it seems new cryptocoins are coming back to life like Diamond (DMD), and other are poping up like cherries almost everyday. I understand that people want to get into this new "mania" and profit for a short term or for the long run if the coin pleases the public!

So my question is how easy is to just create a website with a pretty frontpage / home and some links to download wallets, sources, forums, mining pools, some backing up partner to promote the coin and etc.?

Is it worth the effort? It can be, but do we really need a new coin? Just look at them all: http://www.wheretomine.com/. Unless you can think of a unique idea for a coin, I really don't think any more are needed. A lot of coins fail because they put little to no effort or development behind them. Coins need communities and merchants willing to accept them, otherwise they just fizzle out.

zuper

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Quote from: buddynuno on December 16, 2013, 03:37:46 PM

Hey all,

I have been watching these new crypto market and it seems new cryptocoins are coming back to life like Diamond (DMD), and other are poping up like cherries almost everyday. I understand that people want to get into this new "mania" and profit for a short term or for the long run if the coin pleases the public!

So my question is how easy is to just create a website with a pretty frontpage / home and some links to download wallets, sources, forums, mining pools, some backing up partner to promote the coin and etc.?

How do we establish partnerships with mining pools owners? Can we make one as the coin developer, do we have a revenue from someone else managing these pools? How and who solves and has to answear to the public and partners if the whole coin deal fails to reach the markets?

And can someome honestly know or suspects that if all these coins are being created by the same developers and hope for one or more to hit the jackpot??

Im sure many people have these and many other question about the making of and how to manage the future of cryptocurrency!!!

I hope some of you guys can discuss with me the brief questions i have posted in this topic!

Good trading and Merry Xmas btw

1.how easy is to just create a website with a pretty frontpage / home and some links to download wallets, sources, forums, mining pools, some backing up partner to promote the coin and etc.?

It's pretty easy. You can use Wordpress or similar cms platform in order to publish a website. Of course, you can choose a template or you can design your own. For the source code you need a github repo (github.com). About forums, you can redirect your visitors to official topic of your coin (btctalk.org). Also, you can add a contact form in order new pools can notify you. The final sub-question "promote the coin" is not so simple. You should have a marketing strategy and a powerful team. Check the official website of Diamond (dmdcoin.net)

2. How do we establish partnerships with mining pools owners? Can we make one as the coin developer, do we have a revenue from someone else managing these pools?

You can contact them in order to convince them to add your coin. Alternatively, pool operators may add your coin when they realize its value (or future value). Sure you can make your own pool but you should be fair. You will have revenue from fees, only if you run your own pools.

3. And can someome honestly know or suspects that if all these coins are being created by the same developers and hope for one or more to hit the jackpot??
Impossible!

buddynuno

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Activity: 644

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Hey all,

I have been watching these new crypto market and it seems new cryptocoins are coming back to life like Diamond (DMD), and other are poping up like cherries almost everyday. I understand that people want to get into this new "mania" and profit for a short term or for the long run if the coin pleases the public!

So my question is how easy is to just create a website with a pretty frontpage / home and some links to download wallets, sources, forums, mining pools, some backing up partner to promote the coin and etc.?

How do we establish partnerships with mining pools owners? Can we make one as the coin developer, do we have a revenue from someone else managing these pools? How and who solves and has to answear to the public and partners if the whole coin deal fails to reach the markets?

And can someome honestly know or suspects that if all these coins are being created by the same developers and hope for one or more to hit the jackpot??

Im sure many people have these and many other question about the making of and how to manage the future of cryptocurrency!!!

I hope some of you guys can discuss with me the brief questions i have posted in this topic!

Good trading and Merry Xmas btw

Topic: How to create new crypto currency and is it worth the effort??? (Read 800 times)