icann just announced that you will soon be able to register any top level domains. no longer any need to "mine" .bit
http://www.icann.org/
Topic: Namecoin Dying - page 3. (Read 8041 times)
edit: lemonginger beat me to it.
Tons of people poured into namecoin mining when it was more profitable then btc mining. They all left with the last difficulty rise. Probably will oscillate a bit smaller and smaller as it works towards its own price/difficulty equilbrium
Free market at work. Maybe it's timing is off, maybe it's concept isn't appealing enough.. who knows.
Can someone explain how to use namecoin?
It's almost identical to bitcoin and you can use the same miners. The only major difference right now is that the clients are daemon only. There is not GUI interface that I have seen yet. I am using namecoind.exe for windows which can be downloaded from the http://dot-bit.org landing page. there are also some pages on that site discussing usage.I noticed that bitparking.com (the only working namecoin pool) is down. This may account for the foretasted difficulty decrease.
Can someone explain how to use namecoin?
Most likely because the profitability of it compared to BTC went down, it'll probably go back up again a lot the next time.
SO this page http://dot-bit.org/tools/nextDifficulty.php is reporting that the namcoin dificulty will drop by nearly half in the next adjustment. I know that the bitcoin difficulty dropped in it's infancy but was it this steep?
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