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Topic: Mining Namecoins is now 2x more profitable than Bitcoins (Read 55320 times)

420
hero member
Activity: 756
Merit: 500
It will be neat diffcult to restart the project without changing the fundamental logic, I.e. diffculty goes down when the network hash rate goes up
Yeah
Seems smart

how would that fix anything? obviously they're less valued; so the supply should be restricted more to bring up each value
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
It will be neat diffcult to restart the project without changing the fundamental logic, I.e. diffculty goes down when the network hash rate goes up
Yeah
Seems smart
member
Activity: 85
Merit: 10
Wonder if this is still true considering:

-NMC diffculty is 2/3 of BTC diffculty
-But it takes almost 600 NMC to get 1 BTC
-Merged mining means a certain pool could be controlling 90% of the network hash rate

It will be neat diffcult to restart the project without changing the fundamental logic, I.e. diffculty goes down when the network hash rate goes up
legendary
Activity: 1708
Merit: 1020
The idea behind Namecoins is awesome, we need a distributed lookup system badly.
The implementation is lacking. It needs some dev love and to become more user friendly...
It's gotta get to the point that like TOR, people can just download a browser bundle and it'll work.
No reason to use a .bit if noone is able to access it.


Chicken and egg since vinced introduced merged-mining and effectively killed it .... no devs want to work on it because there are no longer incentives, i.e. namecoins are nearly worthless and no-one particularly is using the dns part of it; no users, no devs ... and vice versa.
true and it cost me some money but there was no other solution as it might have been attacked otherwise.

distributed lookup system <--- phelix likes this term


[...]
Will namecoins be useful enough to gain some widespread adoption for use as DNS system?
or adoption for some other purpose
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
The idea behind Namecoins is awesome, we need a distributed lookup system badly.
The implementation is lacking. It needs some dev love and to become more user friendly...
It's gotta get to the point that like TOR, people can just download a browser bundle and it'll work.
No reason to use a .bit if noone is able to access it.


Chicken and egg since vinced introduced merged-mining and effectively killed it .... no devs want to work on it because there are no longer incentives, i.e. namecoins are nearly worthless and no-one particularly is using the dns part of it; no users, no devs ... and vice versa.
donator
Activity: 2772
Merit: 1019
Got it

Necro

Anyone think mining namecoins will turn profitable?

The better question (and maybe the answer to your question follows from the answer to that one) would be: Will namecoins be useful enough to gain some widespread adoption for use as DNS system?
420
hero member
Activity: 756
Merit: 500
Got it

Necro

Anyone think mining namecoins will turn profitable?
420
hero member
Activity: 756
Merit: 500
vip
Activity: 980
Merit: 1001
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
I mean merged mining bitcoin and namecoin, whether solo or in a pool

i dont understand "or the pools now returning more nmc?"
before merged mining there were seperate namecoin and bitcoin pools, with merged mining you can both together now,

Okay i'm coming from it seemed like you were saying NMC is now worth more, but you said it in terms of a block of namecoin which I dont' know how much that is

then i looked on exchange.bitparking.com it seems the NMC->BTC ratio is still the same 0.00346276 BTC for an NMC

so something im not getting here, maybe you didn't mean the value went up recently
where did I say its worth more, I did say the title of this thread is way out of date - implying it was wrong, then showed the value of a whole namecoin block.. to show it is barely worth the effort anymore
420
hero member
Activity: 756
Merit: 500
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
I mean merged mining bitcoin and namecoin, whether solo or in a pool

i dont understand "or the pools now returning more nmc?"
before merged mining there were seperate namecoin and bitcoin pools, with merged mining you can both together now,

Okay i'm coming from it seemed like you were saying NMC is now worth more, but you said it in terms of a block of namecoin which I dont' know how much that is

then i looked on exchange.bitparking.com it seems the NMC->BTC ratio is still the same 0.00346276 BTC for an NMC

so something im not getting here, maybe you didn't mean the value went up recently
vip
Activity: 980
Merit: 1001
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
I mean merged mining bitcoin and namecoin, whether solo or in a pool

i dont understand "or the pools now returning more nmc?"
before merged mining there were seperate namecoin and bitcoin pools, with merged mining you can both together now,
420
hero member
Activity: 756
Merit: 500
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
vip
Activity: 980
Merit: 1001
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...
420
hero member
Activity: 756
Merit: 500
420
hero member
Activity: 756
Merit: 500
What is namecoin and litecoin?
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
I'll help Wink

Great! Smiley
I already have 3Ghash/s on Coinotron (that's 75% of total power over there Tongue)

Did you quit?  I'm mining NMC, but there's only .7 Ghash/s on coinotron....

Time to save NMC peeps!

Solo mining now, Coinotron went down 2 times for me in 12 hours.
hero member
Activity: 868
Merit: 1000
Davinci is ready !!!

Go the following thread for explanations: https://bitcointalksearch.org/topic/m.522633

It's ready!

I pay just under 20% more than what deepbit will pay help save Namecoins!

Just click PPS check box beside your worker and BOOM you are getting paid btc I keep the NMC however you can get proportional namecoins if you like.

Your shares are updated once a NMC block is found so the more blocks we find the faster you BTC end up in your wallet.

Help save namecoins !

full member
Activity: 147
Merit: 196
I'll help Wink

Great! Smiley
I already have 3Ghash/s on Coinotron (that's 75% of total power over there Tongue)

Did you quit?  I'm mining NMC, but there's only .7 Ghash/s on coinotron....

Time to save NMC peeps!
Bah let it die already!
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