this will be slowed down however by the fact that you need to wait too long for the transactions to confirm
how much blocks per day nowadays, btw? 
Topic: Mining Namecoins is now 2x more profitable than Bitcoins - page 4. (Read 55320 times)
shouldn't price rise because of the lower supply of namecoins, which should speed up the mining?
this will be slowed down however by the fact that you need to wait too long for the transactions to confirm how much blocks per day nowadays, btw?
this will be slowed down however by the fact that you need to wait too long for the transactions to confirm
how much blocks per day nowadays, btw? 
Can you guys open the link "http://www.namecoin.us/downloads.php"? Is it removed?
ha...who would have guessed that the first post ofthis tread would be in (large) part responsible of the actual NMC situation 
#3, #6, #8, #11, and many others
ha...who would have guessed that the first post ofthis tread would be in (large) part responsible of the actual NMC situation
Wow -- Namecoin difficulty won't come back "down to earth" until almost Halloween!
And Lowe's doesn't even have Halloween displays up yet -- and you know how they always put up seasonal stuff way too early...
And Lowe's doesn't even have Halloween displays up yet -- and you know how they always put up seasonal stuff way too early...
I am for merged mining but believe that the Namecoin reward for doing merged mining should be reduced by half.
Why? If namecoin takes off, there should be a legitimate means for someone to mine namecoins if they actually want namecoins for name registration. It makes sense that someone should have to pay with the Namecoin resource either via CPU or by payment. Merged mining makes payment the only practical option. It's awfully peculiar to tell someone, "Namecoin mining is now next to impossible thanks to merged mining with Bitcoin, so if you want some Namecoins, the only way to get them is to buy them from the Bitcoin community."
Why? If namecoin takes off, there should be a legitimate means for someone to mine namecoins if they actually want namecoins for name registration. It makes sense that someone should have to pay with the Namecoin resource either via CPU or by payment. Merged mining makes payment the only practical option. It's awfully peculiar to tell someone, "Namecoin mining is now next to impossible thanks to merged mining with Bitcoin, so if you want some Namecoins, the only way to get them is to buy them from the Bitcoin community."
Or join a pool that does merged mining, when the pool solves a NMC block it would get distributed to the pool like BTC...
also I was thinking tonight, how hard would it be to integrate namecoin .bit domain resolution into the tor network? it just seems like the 2 would go hand in hand.
I am for merged mining but believe that the Namecoin reward for doing merged mining should be reduced by half.
Why? If namecoin takes off, there should be a legitimate means for someone to mine namecoins if they actually want namecoins for name registration. It makes sense that someone should have to pay with the Namecoin resource either via CPU or by payment. Merged mining makes payment the only practical option. It's awfully peculiar to tell someone, "Namecoin mining is now next to impossible thanks to merged mining with Bitcoin, so if you want some Namecoins, the only way to get them is to buy them from the Bitcoin community."
Why? If namecoin takes off, there should be a legitimate means for someone to mine namecoins if they actually want namecoins for name registration. It makes sense that someone should have to pay with the Namecoin resource either via CPU or by payment. Merged mining makes payment the only practical option. It's awfully peculiar to tell someone, "Namecoin mining is now next to impossible thanks to merged mining with Bitcoin, so if you want some Namecoins, the only way to get them is to buy them from the Bitcoin community."
Based on my calculations the current network rate of the namecoin network is only around 65 GHash/sec looking at the number of blocks found in the last 24 hours.
I look up the current dificulty and estimates at http://dot-bit.org/tools/nextDifficulty.php
I didn't see anything on that page for total network hash rate. Also I think their numbers are skewed because of the rapid decline in miners after the difficulty switch.
There isn't a total hash rate. But it does show what the current "instant" difficulty of the network is (13'586.66) and the next Difficulty change, which has been changing as mining capacity is reduced. Currently 26/10/2011 06:47 (only 3 months to do what took 3 days last week)
Based on my calculations the current network rate of the namecoin network is only around 65 GHash/sec looking at the number of blocks found in the last 24 hours.
I look up the current dificulty and estimates at http://dot-bit.org/tools/nextDifficulty.php
I didn't see anything on that page for total network hash rate. Also I think their numbers are skewed because of the rapid decline in miners after the difficulty switch.
Based on my calculations the current network rate of the namecoin network is only around 65 GHash/sec looking at the number of blocks found in the last 24 hours.
I look up the current dificulty and estimates at http://dot-bit.org/tools/nextDifficulty.php
Based on my calculations the current network rate of the namecoin network is only around 65 GHash/sec looking at the number of blocks found in the last 24 hours. 14 blocks in 24 hours means the next difficulty switch is going to be December 6th.
NameCoin is just another produce in the market like all products that are different item people place their own value in them for various reasons. NC is not inflation of BTC as it's not BTC thus it's like this copper and silver are like gold and can be used as money but the are not gold.
For now yes, but come block 240000, NC will look just like a second supply of BTC. It's like digging for gold and magically every ounce of gold will also produce an ounce of ruby/sapphire/whatever. Initially they may stay at their respective prices but soon people are going to realize NC is functionally equivalent to BTC and costs the same to produce. It won't matter if the original intention is to use them to purchase domain names.
If you really believe this then you will sell all of your BTC for NMC and watch your net value at least quadruple in the coming months after merged mining is implemented.
As it seems it could take a while until the planned block 24000 is reached.
The difficulty already fell back to 1/4.
Some strong miners, who believe in namecoin, should join soon with all their power.
NameCoin is just another produce in the market like all products that are different item people place their own value in them for various reasons. NC is not inflation of BTC as it's not BTC thus it's like this copper and silver are like gold and can be used as money but the are not gold.
For now yes, but come block 240000, NC will look just like a second supply of BTC. It's like digging for gold and magically every ounce of gold will also produce an ounce of ruby/sapphire/whatever. Initially they may stay at their respective prices but soon people are going to realize NC is functionally equivalent to BTC and costs the same to produce. It won't matter if the original intention is to use them to purchase domain names.
If you really believe this then you will sell all of your BTC for NMC and watch your net value at least quadruple in the coming months after merged mining is implemented.
NameCoin is just another produce in the market like all products that are different item people place their own value in them for various reasons. NC is not inflation of BTC as it's not BTC thus it's like this copper and silver are like gold and can be used as money but the are not gold.
For now yes, but come block 240000, NC will look just like a second supply of BTC. It's like digging for gold and magically every ounce of gold will also produce an ounce of ruby/sapphire/whatever. Initially they may stay at their respective prices but soon people are going to realize NC is functionally equivalent to BTC and costs the same to produce. It won't matter if the original intention is to use them to purchase domain names.
Merged mining is the only thing that can save NMC. Unfortunately.
Which could reduce the value of bitcoin by as much as 50% in the long run.
Bitcoin vs Namecoin, I'd say let NC die as it is. Until the major ISPs or browsers or OSes supports directly running name resolution against a decentralized network, I just don't see NC having much of a value except as an alternative bitcoin supply.
Merged mining is the only thing that can save NMC. Unfortunately.
Which could reduce the value of bitcoin by as much as 50% in the long run.
Bitcoin vs Namecoin, I'd say let NC die as it is. Until the major ISPs or browsers or OSes supports directly running name resolution against a decentralized network, I just don't see NC having much of a value except as an alternative bitcoin supply.
Merged mining is the only thing that can save NMC. Unfortunately.
and now it will be October before another difficulty change...
Next 20160 12/10/2011
11 blocks in the past 24hrs.
18322 29/07/11 16:43:04
18321 29/07/11 12:51:24
18320 29/07/11 09:08:15
18319 29/07/11 05:26:55
18318 29/07/11 02:09:17
18317 29/07/11 01:43:18
18316 29/07/11 01:39:08
18315 28/07/11 22:53:04
18314 28/07/11 19:08:50
18313 28/07/11 18:07:25
18312 28/07/11 16:59:39
Next 20160 12/10/2011
11 blocks in the past 24hrs.
18322 29/07/11 16:43:04
18321 29/07/11 12:51:24
18320 29/07/11 09:08:15
18319 29/07/11 05:26:55
18318 29/07/11 02:09:17
18317 29/07/11 01:43:18
18316 29/07/11 01:39:08
18315 28/07/11 22:53:04
18314 28/07/11 19:08:50
18313 28/07/11 18:07:25
18312 28/07/11 16:59:39
I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting
mine bitcoins, go to the exchange and exchange them, it's more profitableTrue...
But if everyone would think like that, there would be no Namecoin... Payments are very slow now, too many people stopped mining after difficulty increase... ±1900 Blocks to find to next difficulty...
I'm buying Namecoins like crazy but without a network, nobody gets them...
I'll keep on mining Namecoins anyway... No profit right now but you never know what happens... Just collecting
mine bitcoins, go to the exchange and exchange them, it's more profitableTrue...
But if everyone would think like that, there would be no Namecoin... Payments are very slow now, too many people stopped mining after difficulty increase... ±1900 Blocks to find to next difficulty...
I'm buying Namecoins like crazy but without a network, nobody gets them...
Exactly what Ive been saying all along. I have about 30% of my little 1.2ghs mining NMC, the rest mining BTC and using it to buy NMC to jack the price up lol. seems to be working so far anyways. Plus if NMC takes off and gains some real value then long term the profitability of mining NMC is better than BTC.
To many people looking for immediate return on their investment.
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