[Most profitable coin] Mining WDC is 2.9x more profitable than LTC - page 2.

Tobius

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Activity: 182

Merit: 10

Quote from: relm9 on May 17, 2013, 01:28:39 PM

Quote from: computerparts on May 17, 2013, 01:20:52 PM

If we want this coin to survive then we need to stop being greedy. Get the thought of profitability out of your heads. Exchanging WDC is a start but we need to also start accepting WDC as a form of payment. If we can't do this, then it will follow in the crapcoins footsteps.

A lot of sense here but probably will go ignored. That's been the problem with all recent ALTs, as soon as they hit an exchange people dump them en masse and the price typically stays down. Kills the buzz and from that point suddenly no one wants anything to do with the coin anymore and just moves on to the next thing

I'm really hoping it stays off an exchange for a while :\ So that people can build upon it a bit

Twerka

full member

Activity: 154

Merit: 100

Took it's time but LTC is working. I prefer LTC because it's much faster than BTC (only used if you want to store the coins).

LiteCoin price history:
http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e

I'm taking the risk, but I think I can get a good return in some months

thisnewcoin

full member

Activity: 406

Merit: 104

Convert Crypto at BestChange

Quote

The thought of a near instant alt coin is a great idea for real business though.

I second this comment

Kinetic915

full member

Activity: 168

Merit: 100

Quote from: e521 on May 17, 2013, 02:31:38 PM

1. innovation
2. open discussion
3. dev reputation
4. target 1+ markets

5. adoption

Seems like most of that is going on with new alts emerging.

e521

full member

Activity: 196

Merit: 100

1. innovation
2. open discussion
3. dev reputation
4. target 1+ markets

5. adoption

Kinetic915

full member

Activity: 168

Merit: 100

Quote from: computerparts on May 17, 2013, 01:43:31 PM

Quote from: relm9 on May 17, 2013, 01:28:39 PM

Quote from: computerparts on May 17, 2013, 01:20:52 PM

If we want this coin to survive then we need to stop being greedy. Get the thought of profitability out of your heads. Exchanging WDC is a start but we need to also start accepting WDC as a form of payment. If we can't do this, then it will follow in the crapcoins footsteps.

A lot of sense here but probably will go ignored. That's been the problem with all recent ALTs, as soon as they hit an exchange people dump them en masse and the price typically stays down. Kills the buzz and from that point suddenly no one wants anything to do with the coin anymore and just moves on to the next thing

Exactly and it's sad because they're just harming the entire community without even realizing it. You can only pump and dump so many coins. The smart investors can already see pump and dumps from a mile away. Eventually, more and more people are going to catch on. The pump and dumpers profits will dwindle to nothing due to more investors losing confidence. And if that happens it will be the end of alt coins or possibly even the entire crypto currencies. Ever notice how the price of btc seems to kind of follow these pump and dumps?

What do you suggest for a successful alt to move forward?

baka

full member

Activity: 196

Merit: 100

Anybody noticed that these pro WDC comments are almost word for word the same comments Feathercoin had during it's pumping days?

computerparts

sr. member

Activity: 378

Merit: 250

Quote from: relm9 on May 17, 2013, 01:28:39 PM

Quote from: computerparts on May 17, 2013, 01:20:52 PM

If we want this coin to survive then we need to stop being greedy. Get the thought of profitability out of your heads. Exchanging WDC is a start but we need to also start accepting WDC as a form of payment. If we can't do this, then it will follow in the crapcoins footsteps.

A lot of sense here but probably will go ignored. That's been the problem with all recent ALTs, as soon as they hit an exchange people dump them en masse and the price typically stays down. Kills the buzz and from that point suddenly no one wants anything to do with the coin anymore and just moves on to the next thing

Exactly and it's sad because they're just harming the entire community without even realizing it. You can only pump and dump so many coins. The smart investors can already see pump and dumps from a mile away. Eventually, more and more people are going to catch on. The pump and dumpers profits will dwindle to nothing due to more investors losing confidence. And if that happens it will be the end of alt coins or possibly even the entire crypto currencies. Ever notice how the price of btc seems to kind of follow these pump and dumps?

Kinetic915

full member

Activity: 168

Merit: 100

Quote from: relm9 on May 17, 2013, 01:28:39 PM

Quote from: computerparts on May 17, 2013, 01:20:52 PM

If we want this coin to survive then we need to stop being greedy. Get the thought of profitability out of your heads. Exchanging WDC is a start but we need to also start accepting WDC as a form of payment. If we can't do this, then it will follow in the crapcoins footsteps.

A lot of sense here but probably will go ignored. That's been the problem with all recent ALTs, as soon as they hit an exchange people dump them en masse and the price typically stays down. Kills the buzz and from that point suddenly no one wants anything to do with the coin anymore and just moves on to the next thing

The thought of a near instant alt coin is a great idea for real business though.

relm9

hero member

Activity: 840

Merit: 1000

Quote from: computerparts on May 17, 2013, 01:20:52 PM

If we want this coin to survive then we need to stop being greedy. Get the thought of profitability out of your heads. Exchanging WDC is a start but we need to also start accepting WDC as a form of payment. If we can't do this, then it will follow in the crapcoins footsteps.

A lot of sense here but probably will go ignored. That's been the problem with all recent ALTs, as soon as they hit an exchange people dump them en masse and the price typically stays down. Kills the buzz and from that point suddenly no one wants anything to do with the coin anymore and just moves on to the next thing

computerparts

sr. member

Activity: 378

Merit: 250

If we want this coin to survive then we need to stop being greedy. Get the thought of profitability out of your heads. Exchanging WDC is a start but we need to also start accepting WDC as a form of payment. If we can't do this, then it will follow in the crapcoins footsteps.

dreamhouse

hero member

Activity: 1073

Merit: 666

Lol, I don't think WDC will replace LTC. But to use it in daily life, LTC too slow.

Prelude

legendary

Activity: 1596

Merit: 1000

WDC replacing LTC is out of the question, but it could turn out to be the #3 crypto. If that's the case, buying 100 for 2LTC is dirt cheap.

dreamhouse

hero member

Activity: 1073

Merit: 666

If we actually use these in daily life, not occasionally, the the time of confirmation will be a big issue. I don't think BTC or LTC can handle that. They will become collection coins.

Tobius

member

Activity: 182

Merit: 10

Quote from: fenican on May 17, 2013, 10:20:50 AM

Quoting the LiteCoin Wiki RE: confirmations needed:

"The Litecoin blockchain differs from Bitcoin in that it generates blocks every 2.5 minutes on average (four times Bitcoin's rate). This means that merchants who accept transactions only 1 block deep get that confirmation quicker. However, it should be noted that more blocks are required to achieve the same amount of confirmation strength as Bitcoin (6 blocks of litecoin are not equivalent to 6 blocks of bitcoin)"

The faster speeds of these coins only matter if the buyer is not concerned confirmation strength.

For equivalent confirmation strength, WDC FTC BTC and LTC all take the same amount of time {{ based on my understanding ; experts please chime in and tell me if I'm wrong ! }}

So someone's eventually going to have to change the algo. But the fact that the transaction CAN go through in less time, even if it's not confirmed is still an important bonus. I'm sure they can deal with a little less confirmation as to not wait a whole hour for a full confirm such as with BTC

fisheater

hero member

Activity: 770

Merit: 605

WDC not in an exchange yet, so coinchoose.com did not include it

flound1129

hero member

Activity: 938

Merit: 1000

www.multipool.us

Quote from: BitJohn on May 17, 2013, 06:03:19 AM

but the coins hit in some cases the about $2.50 before they tanked so the price will rise whether is falls after is the problem .

Not a problem for the dumpers. I can't believe how people keep falling for this shit.

Praxis

legendary

Activity: 1118

Merit: 1004

Mincoin is the most profitable according to : http://www.coinchoose.com/ -
Yes, I know WDC is not on the list, but it will probably never be ( unless someone bribes BTC-E with massive amount of coins )

iamalitecoin

member

Activity: 112

Merit: 10

Selling 100 WDC for 2 LTC

fenican

hero member

Activity: 1395

Merit: 505

Quoting the LiteCoin Wiki RE: confirmations needed:

"The Litecoin blockchain differs from Bitcoin in that it generates blocks every 2.5 minutes on average (four times Bitcoin's rate). This means that merchants who accept transactions only 1 block deep get that confirmation quicker. However, it should be noted that more blocks are required to achieve the same amount of confirmation strength as Bitcoin (6 blocks of litecoin are not equivalent to 6 blocks of bitcoin)"

The faster speeds of these coins only matter if the buyer is not concerned confirmation strength.

For equivalent confirmation strength, WDC FTC BTC and LTC all take the same amount of time {{ based on my understanding ; experts please chime in and tell me if I'm wrong ! }}

Topic: [Most profitable coin] Mining WDC is 2.9x more profitable than LTC - page 2. (Read 4377 times)