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Topic: A warning about Alt-Coins - page 121. (Read 901725 times)

newbie
Activity: 11
Merit: 0
July 03, 2013, 04:13:38 AM
Yeah, I don't think LTC is a very good coin. (I dont like scrypt  Angry )
legendary
Activity: 2044
Merit: 1005
July 03, 2013, 12:25:53 AM
I think the only altcoins that have a chance to become popular are litecoins. People might use them for microtransactions.

stop lying to urself ltc is dying so is ur wealth no point of tryin to be stealth u better mine somethin else Smiley
newbie
Activity: 13
Merit: 0
July 02, 2013, 07:23:25 PM
I think the only altcoins that have a chance to become popular are litecoins. People might use them for microtransactions.
newbie
Activity: 56
Merit: 0
July 02, 2013, 03:33:40 AM
Nobody is sucking noobs dry. They still need your computer processor. And they still need to debug 9 million lines of code to make their client software available.
sr. member
Activity: 329
Merit: 250
July 02, 2013, 02:47:44 AM
I should have quoted from "http://docs.ciphermine.com/hardware-strategy-motion.txt" :

"We also wish to explore mining emergent coins; at present we have one of
our smaller rigs working on Cryptogenic Bullion and hope to make a
good profit when the coin goes onto an exchange."
sr. member
Activity: 329
Merit: 250
July 02, 2013, 02:46:42 AM
Not sure PPCoin will work: http://www.youtube.com/watch?v=zI1zuhEZnHI ("What is PPCoin? (PPC/Peer to Peer coin/Peercoin/P2PCoin) - PPCoin ")

I see Ciphermine (serious litecoin miner also just listed on https://www.litecoinglobal.com/security/CIPHERMINE) is onto this new one however: http://docs.ciphermine.com/hardware-strategy-motion.txt

newbie
Activity: 15
Merit: 0
July 01, 2013, 05:20:20 PM
I'm currently mining Feathercoin on the Feathercoin.is-a-geek.com mining pool.  I haven't had any confirmed block rewards in the last 24 hours.  Has anyone else experienced the same?
newbie
Activity: 14
Merit: 0
July 01, 2013, 12:42:37 PM
What about litecoins? Think it will be popular, when GPU mining on bitcoins go to the end and all gpu-miners will push their radeon-power to the scrypt. I received my ASICs, but my old radeon farm is still mining litecoins

Litecoin = chinese operatives at work
newbie
Activity: 14
Merit: 0
July 01, 2013, 12:41:18 PM
sometimes i feel cheated.  ppl trick me to mine theyre coin and then leave us with  no updates.  can sum1 please make a good one.

I'd say the best altcoins out there are litecoin and ripple. Ripple isn't mineable of course. The other ones won't catch on. A good way to get rich quick is to make your own virtual currency and sucker people into giving it value.


ripple is a privete entity not open sourced at all from what i understand!!!


>>>WTF!!!!
full member
Activity: 138
Merit: 100
July 01, 2013, 08:25:21 AM
sometimes i feel cheated.  ppl trick me to mine theyre coin and then leave us with  no updates.  can sum1 please make a good one.

I'd say the best altcoins out there are litecoin and ripple. Ripple isn't mineable of course. The other ones won't catch on. A good way to get rich quick is to make your own virtual currency and sucker people into giving it value.

Ripple ? I think not. If this gets adopted by the government then get the !@#$ out quickly.
newbie
Activity: 3
Merit: 0
July 01, 2013, 08:23:09 AM
What about litecoins? Think it will be popular, when GPU mining on bitcoins go to the end and all gpu-miners will push their radeon-power to the scrypt. I received my ASICs, but my old radeon farm is still mining litecoins
member
Activity: 111
Merit: 10
June 30, 2013, 09:38:28 PM
sometimes i feel cheated.  ppl trick me to mine theyre coin and then leave us with  no updates.  can sum1 please make a good one.

I'd say the best altcoins out there are litecoin and ripple. Ripple isn't mineable of course. The other ones won't catch on. A good way to get rich quick is to make your own virtual currency and sucker people into giving it value.
newbie
Activity: 28
Merit: 0
June 30, 2013, 04:56:12 PM
sometimes i feel cheated.  ppl trick me to mine theyre coin and then leave us with  no updates.  can sum1 please make a good one.

HOLDING ====>

ARG>BOT>DGC>BTE>FTC>LTC>GLD> adding/\more to the\/pile..thanks
newbie
Activity: 1
Merit: 0
June 30, 2013, 04:33:20 PM
sometimes i feel cheated.  ppl trick me to mine theyre coin and then leave us with  no updates.  can sum1 please make a good one.
newbie
Activity: 5
Merit: 0
June 30, 2013, 03:21:50 PM
There's no harm in mining them, but yea buying is definitely a risky bet.
member
Activity: 62
Merit: 10
June 30, 2013, 02:33:39 PM
what do you guys think about infinitecoin?
newbie
Activity: 6
Merit: 0
June 30, 2013, 11:50:31 AM
A miner on one of the other consortia asked me what I thought of a proposed 'karmacoin' in which instead of hashing to authenticate transactions, your miner program was doing something more genuinely useful.  I replied that
i) I thought it a bad idea to make up more YetAnotherBitcoinClones
ii) I liked the karma idea and proposed that for public benefit tasks such as following asteroid paths or ridding the world of malaria, perhaps stratum and bitcoin mining consortia would have the right infrastructure to share out a problem amongst thousands, and distribute payment for subroutine completions (not hashes, since most tasks are not hashing).  That would need a generous benefactor to put 1000 BTC on a problem from time to time, and it would need some transparency so that the public can see that they are not computing the most economical way to smash an asteroid into the pentagon.  That would gain the benefactor massively parallel processing power so might be suitable for certain classes of task which suit that degree of parallelism.

What do others think?
Would it be better to install new code to do karma tasks for bitcoin than to have a new karmacoin?
Would you want to connect in to processing tasks at an existing bitcoin mining consortium?
Should effort shares be counted and rewarded in Bitcoin, or would people not need those to help out with a problem?

This suggestion seems like the next step in cryptocurrency evolution.  Once a sufficient supply of established cryptocurrencies have been mined, they can be redistributed to solve computational problems.  This way miners can utilize existing capital, and sustain velocity in the currency.
newbie
Activity: 14
Merit: 0
June 30, 2013, 11:00:35 AM
If you know what you are doing and plan long-term alt coins can become very profitable, with a little luck also.
newbie
Activity: 28
Merit: 0
June 30, 2013, 03:09:28 AM
welcome to BTC breaking below support@100??-imo>75~5O\/ possible+greenhorn coinz breakout..thanks
newbie
Activity: 7
Merit: 0
June 29, 2013, 09:56:33 PM
Alt coins may not be profitable, but still for those newbies fun none the less,  nothing better than watching those coins pile up quickly rather than waiting weeks, or months to see  any amount of bitcoins in ones wallet. Not everything needs to be about profit, fun has its place too.
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