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Topic: If you could pick one "alt coin"... - page 3. (Read 1790 times)

hero member
Activity: 561
Merit: 500
May 07, 2013, 11:20:34 AM
#9
Best: pick a coin that is brand new. Timing can be tough on this one - you'll have to live on the message boards.

2nd Best: pick a coin that is currently unpopular and has a low hash rate.

3rd Best: pick a coin with a block reward that is dropping over time (such as PPC)

An anecdote: back when PPC first came out, I bought a bit over 100k for around 10BTC, about $100 total at the time. Eventually I decided to sell the off for about 16 BTC and patted myself on the back at the time. Then they hit the exchanges and would now be worth 250+ BTC, well over $25k.

Since you can't know the future, your best bet is to collect a small stake in any coin that you can get your hands on, cross your fingers, and wait.  
ylo
newbie
Activity: 22
Merit: 0
May 07, 2013, 11:12:08 AM
#8
LTC as a backup/main coin, couple of days of mining of all the others if/when their difficulty is low
newbie
Activity: 26
Merit: 0
May 07, 2013, 11:10:24 AM
#7
I think it is good to diversify. Don't pick just one. The coins on your list seem like a good start to me, so why not mine all of them?

At some point it's not diversification anymore. With everyone dropping their own alt coin right now it's impossible to say what is actually a viable alt currency and what is just a pump and dump scam.
full member
Activity: 152
Merit: 100
GMP Project Team
May 07, 2013, 11:08:17 AM
#6
Thinking of CNC.
newbie
Activity: 14
Merit: 0
May 07, 2013, 11:07:19 AM
#5
ripple
NWO
sr. member
Activity: 392
Merit: 250
May 07, 2013, 12:46:15 AM
#4
LTC Cheesy
newbie
Activity: 28
Merit: 0
May 07, 2013, 12:41:18 AM
#3
I think it is good to diversify. Don't pick just one. The coins on your list seem like a good start to me, so why not mine all of them?
member
Activity: 98
Merit: 10
May 07, 2013, 12:32:15 AM
#2
None of them. Stick with LTC.
member
Activity: 66
Merit: 10
May 07, 2013, 12:20:41 AM
#1
I have been going nuts trying to decide what to mine, and have ended up splitting my mining resources between like 6 different coins on two computers, which is ridiculous and inefficient. I am looking for a coin to get behind and mine non-stop for the next few months or longer. Would prefer a "newer" coin, so leaning away from LTC... Here is what I'm trying to decide between ATM:

- BTB
- FTC
- CNC
- PPC
- MNC?
- TRC?

Anyone have a convincing reason to pick a certain one?
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