but yeah i dont mind. i think we can wait 1 or 2 more retargets and see how it levels out. diff will go sky high with bitparking on the coin but atleast itll be stable enough to be used as a currency 
Topic: Is this a good time to buy bytecoin (Read 1094 times)
sure you and coretechs are considered part of the bytcoin dev team anyway but yeah i dont mind. i think we can wait 1 or 2 more retargets and see how it levels out. diff will go sky high with bitparking on the coin but atleast itll be stable enough to be used as a currency
but yeah i dont mind. i think we can wait 1 or 2 more retargets and see how it levels out. diff will go sky high with bitparking on the coin but atleast itll be stable enough to be used as a currency
ive just put a facebook page up (i hope hope you don't mind?) I'll do everything I can to try and promote this coin. I love that it's not merged yet let's give it a few weeks and see where we can get it.
exactly and the hashrate dropped from 1.5th after the second retarget. i held off the patch just to prove a point. its going to be a reptitive process. people will mine between the low diff blocks like terracoin then dissapear during the high diff blocks. its basically being used the same way terracoin is. imo thats why the merged mining patch is needed. so it can gain some consistent hashrate
The situation before the last diff spike is happening again... we're back to 35794.675 diff. 2016 blocks in less than a day - crazy!
I think ByteCoin would become just another SHA-256 altcoin like Terracoin. Its main purpose is to be an exact Bitcoin clone, however as a minor coin it cannot survive like that. Reason: huge difficulty drop, then flash mining, then up again
supposedly someone is working on a merged mined patch and there is pretty good consensus among the community for a hard fork.
I wouldn't call the poll on ahmed-bodi's forking proposal thread a "consensus". 20 for, 18 against.
https://bitcointalksearch.org/topic/bytecoin-poll-plz-sticky-292381
Bitcoin difficulty is just getting silly.
Good news. Stronger network.
i'd be quite keen to mine it but 11ghs with the currently difficulty just doesn't cut it. For now I'm PPCoin. Bitcoin difficulty is just getting silly. I wonder how many people with just a few BE's will drop bit coin now and go somewhere else?
supposedly someone is working on a merged mined patch and there is pretty good consensus among the community for a hard fork.
How many members this ByteCoin community has? I bet you can count hardcore ByteCoin fans with fingers on one hand.
Anyway, the Bytecoin network is so weak that you only need ~40GH/s to 51% attack it. Why anyone would ever bother to 51% attack Bytecoin escapes me, though.
Exactly. It's very worthlessness protects it from attack.
It's similar to the way MarkM described GRouPCoin - the value of the blockchain was so pathetically low that it would have been extremely unprofitable to attack it (it would be better to merge-mine it forever). However, we most probably (I hope) won't see merged mining for ByteCoin anytime soon.
Anyway, the Bytecoin network is so weak that you only need ~40GH/s to 51% attack it. Why anyone would ever bother to 51% attack Bytecoin escapes me, though.
Exactly. It's very worthlessness protects it from attack.
No buy depth on Cryptsy. 956 BTE (good for 19 more blocks) on .00019 and then it's a straight drop to .0001225. In fact, I think it's just a temporary pump. I could just spend a dollar and push it back to .0001225.
Anyway, the Bytecoin network is so weak that you only need ~40GH/s to 51% attack it. Why anyone would ever bother to 51% attack Bytecoin escapes me, though.
Anyway, the Bytecoin network is so weak that you only need ~40GH/s to 51% attack it. Why anyone would ever bother to 51% attack Bytecoin escapes me, though.
the price is going pretty good on cryptsy so i'm not the only person that thinks it might be a good bet....
What do folks think? i'm just watching it and it wondering if it might actually take off.
Why not just use Bitcoin? Bytecoin started as an April fools joke.
it all depends on whether this guy who says hes releasing a merged mined patch soon is legitimate. if he is than yes, if he isnt than no.
I think ByteCoin would become just another SHA-256 altcoin like Terracoin. Its main purpose is to be an exact Bitcoin clone, however as a minor coin it cannot survive like that. Reason: huge difficulty drop, then flash mining, then up again
supposedly someone is working on a merged mined patch and there is pretty good consensus among the community for a hard fork.
What do folks think? i'm just watching it and it wondering if it might actually take off.
yes. its always a good time to buy byte coin.
I think ByteCoin would become just another SHA-256 altcoin like Terracoin. Its main purpose is to be an exact Bitcoin clone, however as a minor coin it cannot survive like that. Reason: huge difficulty drop, then flash mining, then up again
If there is no improvement then there is no need to adopt and support it.
yeah that's true. I might hold off for now 
- thanks!
- thanks!
I think ByteCoin would become just another SHA-256 altcoin like Terracoin. Its main purpose is to be an exact Bitcoin clone, however as a minor coin it cannot survive like that. Reason: huge difficulty drop, then flash mining, then up again
What do folks think? i'm just watching it and it wondering if it might actually take off.
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