Topic: Is there anything worth mining anymore? (Read 3543 times)

yes let me have it.   my over-inflated ego thanks you in advance.
So you found that BCN was a scamcoin, great don't care never mined it. no matter when cryptonote has been released, this is a piece of crap in terms of software and quite frankly it is even worst if it was developed in modern time... and as far as I am concerned that's all I was saying.


But if BCN is a scamcoin, MNR should belong pretty much to the same category, because considering the difficulty in creating a cryptonote coin (look for example at failed attempts from presidentcoin for Mountaincoin), this clearly indicates it was probably developed by the same group of people at the same time. well that should be your conclusion... since you don't believe the date are correct  ... but strangely you go to some fairy tale happy ending that good MNR dev group took away cryptonote from evil BCN to make a fair launch with MNR and the world a better place...  

Seriously ??!! And I am the one who is gullible because I read the false date on their site ?! (but I least I didn't mine BCN nor MNR)

So I let you draw your conclusion yourself from all the evidence you have about how scammy BCN is because you can very much apply them to MNR (which you won't because you have some MNR stash and that would hurt the price...)

Now monero was mined exclusively for sometimes by a small group of people who owned a very large fraction of the net hashrate, it is a known fact nobody denies it.
But sure you can deny it and call dga a liar too when he says on his blog he made 17btc/day out of monero (not that there is anything wrong about that   but it tells you a lot about how fair the distribution of a coin has been. )

So BCN is the scam, but MNR is not and we should all mine it if we have free electricity. yeah yeah believe what ever you want...
That was pretty much the reason why you went after me, because I was saying it is probably better to not mine MNR and concentrate on some other better coin.

and yes I still don't see anything innovative (and even less if it is some new shit)  in a coin which forces everybody to run 2 processes, use all the network bandwidth, fills up the blockchain and hdd at a tremendous speed, doesn't allow to transfer coin between exchange (and so on...).

 

I've been around the block with mining and have settled on this:

http://pool.minebitshares.com/

At least the end result is BitShares which do hold some promise for the long term future.  Amazing how many commits they have on github daily, the pace of development is second to none.

I must say there hasn't been a whole lot that excites me lately mining wise. 

Burstcoin, if you own the hdd's already or have a way to buy them cheap. High percentage PoS mining seems to also be profitable at the moment, ie BALLS, XQN, HYPE, etc....

And basically guarantees the coin will be instamined, and then left stranded at a high difficulty that will never drop again.

One successful coin per algo... that's the eventual future in blockchains.  You're never going to compete with bitcoin for SHA hashrate, so don't try.

Just FYI: I had never actually read that thread I linked to before, but I knew from material facts I collected myself that BCN and cryptonote were developed and released in 2014, and definitely not prior to that.  I linked you to one article on the topic (first google result) because you seemed rather ignorant of the facts. The whitepapers clearly show that the devs have no problem falsifying dates, so you can take a short step in logic and conclude that believing their posted launch date is paramount to ultimate stupidity (and believing the dates on the blockchain would be equally as stupid).  I'm confident you'll never have proof that BCN existed before 2014 (because it didn't) - which is why I suggested you should find proof, not to provide a reference to the scamcoin's website that anybody can read (but only someone with half a brain would actually believe).

And that's a completely inaccurate description of Monero's launch.  I'm done trying to show you the truth tho - even in the face of glaring evidence contrary to your prior comments, you're still arguing.  That makes pretty clear that you're just trolling, and certainly not trying either learn or educate.  You see... I've read everything you say, and I didn't instantly presume I knew better;  but, any amount of digging makes endlessly clear that I definitely do know much more about this topic then you.  And if you're not actually interested in learning, then this conversation is pointless. 

Feel free to have the last word on this if you want tho - it'll probably provide a bit of satisfaction to your over-inflated ego.

haven't look yet your thread but sha256.... is clearly not for gpu, unless you ban asic so basically it will be high power consumption for absolutely no coin

Checking out Flirt Coin may not be a bad decision often profitable to get on the coin before it launches. Seems to be the best chance at profiting with the older miners now. One of the reasons we decided to go with Sha 256.

https://bitcointalksearch.org/topic/ann-flirtcoin-flirt-launch-announcement-nov-21st-500am-gmt-851123

I think you should rather try to understand the agenda of the guy who posted that thread... (manipulation on bitcointalk works usually both way... )

Actually I already read half of it long ago, and the only thing I think is that some people have way too much free time (spending time looking into pdf signature   while actually it doesn't mean anything at all except they launched without a white-paper... but considering the absence of success of their coin, you might wonder more why at some point they wrote one... which is a lot more puzzling... except to try to pave MNR way... (then you might start to wonder what is the relationship between BCN & MNR dev... and how MNR dev "discovered" BCN...)

Also MNR was mined for about 2 months with nobody caring, then cpu/gpu dev looked at them seeing something which could be interesting 
(then a few months later you got the miners  ) if you call that fair launch... well what is an unfair one ?

Go read up on BCN's history. Everyone with half a brain does know it was a pre-mine scam.  You're lack of any attempt to do the most minor research is appalling.  They faked the launch date (and there is TONS of proof - the white papers were made with software not released until 2014; the "2012" whitepaper refers to a bitcointalk post from mid 2013...) so they could pass off their story of a "deep web" coin that was just surfacing.

I believe everything I've said because I actually do research and verify facts. I don't just go to a website, read 1 thing, and conclude I know everything.

Read this: https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

If you still think you know better then me after you read that, then I definitely give up on your hopeless mind.  I hope you'll open your eyes tho - purposeful ignorance is far from becoming.

lol you don't even make sense, why anybody would give a wrong launch date ? Knowing that everybody would say it would it has been instamine during a year. You sure like to have the last word, but at least use one which make a little sense, that would change (and XMR and BCN are probably the same guys... ) If you believe half of what you just wrote here you are particularly deluded.

But at least in all you wrote you give all the reasons why nobody should ever mine those coins...

ROFL!  Go do some research (see my edit above). They lied about the launch date and there is endless evidence.  Epic stupidty calling me a moron without even doing a simple google search!

This is, btw, the main reason for Monero's existance. XMR was a fair launch of an impressive new technology.  BCN was majority pre-mined (82% premine!) under false pretences before launch.

It says a lot about you that, "the only thing [you] did" was read the website of a scam coin and conclude you knew everything...

You really are a moron, because you act like if you were knowing the coin while you clearly don't and didn't even bother looking
While the only thing I did was to go to their website and check the date rather than making assumption
BCN was launched the 4th of july 2012
Bon appetit.

Doesn't even know the history behind BCN... *mind boggled*.  Why people try to talk about things they know nothing about is beyond me.  If BCN was around a year ago, and you can provide ANY solid evidence and proof of this, I'll eat my hat and the bridge is yours free!

Edit: a nice summary of the BCN launch date scam, to save you from.hunting: https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

Cryptonote isn't even a year old.

you are right only 2 and half years of existence... so new  
(no thanks, keep the bridge someone sold you  )

Stopped reading here, because he obviously doesn't know what he's talking about.  If you really believe BCN existed for that long, then I have a bridge you might want to buy...

I think you are just speaking to yourself, you are clearly the one rambling and ignorant.
And you brought to the discussion btc, I just answered to you.

Speaking of innovation, cryptonote is almost as old as btc so I don't really see any innovation in that.
Which means during 5 years absolutely no developpement have been done around it and was just rediscovered recently.
It is totally unpractical, not user friendly (which means it will never become mainstream ans clearly only appeal to your inner nerd).
It needs 2 processes to run.
It sucks practically all the network bandwidth when you happen to run it.
It has no graphical interface (or some really crappy one, I can't call graphical interface)
Sending coins to an exchange is a pain in the ass (I tried)
Sending coins between exchange is totally impossible (I tried)
And I certainly miss some other things.
You can call all this innovation as much as you want, but this is clearly something from the past which should have stayed in the past.
And absolutely no development since his resurrection has been done to change all that (except the crappy graphical interface...)

We are all glad that your inner nerd is happy and that it might have had you make some bucks... But please don't call that innovation.
Or open a dictionary and look at the definition of the word (or better write a new one).

I happen to like stone tools and I have discovered some... but I don't call them innovation (even if they look really new to me) because they date back from 100000 years...

Anybody tried mining Myriad coin with the auto switch algo function? And how is it?

Now you're just rambling...  Or you're really ignorant, or maybe playing dumb.

It makes no sense to compare bitcoin's 5 years to monero's 6 months.  For a long time, the bitcoin blockchain served close to 0 transactions, and grew incredibly slowly.  In the last 6months, the bitcoin blockchain has grown by 7GB.  This is double the rate of monero's blockchain growth.  Not to mention the monero blockchain grew the most during the first month, because mining pool's changed their payout methods and this significantly decreased the blockchain's growth rate.  FURHTERMORE - XMR so far uses no compression when storing the blockchain.  Whereas Bitcoin compresses the blockchain for storage.

Now, what do you think makes monero a crappy coin?  You haven't given any coherent reason. The only thing I've seen you mention is IPO scams, and XMR certainly didn't have an IPO.  And if you're talking about innovation, then I would say that the cryptonote code base is far more innovative then any bitcoin clone.

As for your comment about throwing BTC on crappy coins having to do with mining profitability - wtf are you talking about?  Monero is profitable to mine with GPUs right now if you have reasonably priced power; end of story.

3GB after 6 months of existence while you are comparing with a coin which has 5 years.
It means it will be completely unpractical in one year (if people still remember it).

And this has a lot to do with mining profitability: if people throw their btc on crappy coin and IPO scam rather than supporting real innovation then everything become unprofitable (because it gets diluted... even "investors" have limited supply of btc... they can't support both the crappy coin and the good one at the same time...).