Hello,
I think Namecoin has quite a good potential.
The idea itself is really good.
Sure, currently you could get more out of Namecoin but that's not the only Point.
regards, talpan
Topic: Namecoin prices plummeting - opinions? (Read 15594 times)
Currently it is slightly more profitable to mine NMC than BTC. It'll be interesting to see if the price maintains after Bitcoin's retarget tomorrow.
Namecoins on the rebound? Just hit 0.0388.
Sure it will. Around the 21st of the month the namecoin difficulty will be a tiny fraction of bitcoin (I estimate 20k or less for namecoin, 3 million for bitcoin). For a brief, shining moment with all of us dogpiling on namecoin to generate all 2016 blocks in less than 24 hours the BTC difficulty will drop. =)
There should be a name for this occasion, since I suspect it will be periodic.
Sure it will. Around the 21st of the month the namecoin difficulty will be a tiny fraction of bitcoin (I estimate 20k or less for namecoin, 3 million for bitcoin). For a brief, shining moment with all of us dogpiling on namecoin to generate all 2016 blocks in less than 24 hours the BTC difficulty will drop. =)
Duh, I was misreading "Instant" difficulty as being the current difficulty at http://dot-bit.org/tools/nextDifficulty.php, I thought that "Last" was the difficulty last time. Mining BTC to buy NMC is of course the better strategy right now, but if everyone does that then the difficulty will never come down.
http://tvori.info/bitcoin/charts/
I wonder if this trend upwards will continue. Namecoin mining is nearly as profitable as Bitcoin mining now.
Quote
Each 100 MH/sec would give you 0.07292715 BTC/day. At rate $15.010 per BTC this gets you $1.0946/day
After next difficulty update - 0.06341688 BTC/day and $0.9519/day
If you decide to go after Namecoin instead, the numbers would look as following:
1.79990022 NMC/day, 0.0350 NMC/BTC ($0.5257 per NMC), and $0.9461/day.
After next Namecoin diff update: 3.86236812 NMC/day and $2.0303/day.
After next difficulty update - 0.06341688 BTC/day and $0.9519/day
If you decide to go after Namecoin instead, the numbers would look as following:
1.79990022 NMC/day, 0.0350 NMC/BTC ($0.5257 per NMC), and $0.9461/day.
After next Namecoin diff update: 3.86236812 NMC/day and $2.0303/day.
I wonder if this trend upwards will continue. Namecoin mining is nearly as profitable as Bitcoin mining now.
Trading volumes seem pretty low at the moment but it's good to see the price going back up. Seems like a great time to do some easy mining if you think the price will keep rising.
Namecoin prices have been increasing this past week... they were at 0.025 BTC and are now 0.035 BTC. Keep in mind that their peak was at 0.14 BTC.
As a user, I would prefer to be able to buy domains with BTC and not have to deal with namecoins.
Fortunately this service is already available, at http://register.dot-bit.org/.
I expect many more services will spring up to facilitate the purchase, administration and trading of .bit domains, in time.
Well, Bitcoin's strengths aren't only in anonymity; and yes, without Tor or i2p, if anonymity is to be maintained, there is no need for Bitcoin 
For instance, if Silk Road wasn't on Tor and used Namecoin, the servers probably would have been taken down by now.
For instance, if Silk Road wasn't on Tor and used Namecoin, the servers probably would have been taken down by now.Namecoin has all the strengths of Bitcoin. Anyway, each business is able to choose their level of protection so your argument is invalid.
Plum eating, you say? Absurd. Namecoin seeds not all germinating as swiftly surely and strongly as some might have hoped, maybe.
But plum eating? Sheesh, first you gotta grow the plum-sapling, then let it grow into a plum-tree, then some harvest time see if it is that harvest time or next cycle's that will see an actual plum appear.
If, in fact, the seeds are plum seeds at all in the first place.
-MarkM- (Beaglecoin prices plummeting! Beagle Brother Snoopy wants to know why! Oh my gosh!)
But plum eating? Sheesh, first you gotta grow the plum-sapling, then let it grow into a plum-tree, then some harvest time see if it is that harvest time or next cycle's that will see an actual plum appear.
If, in fact, the seeds are plum seeds at all in the first place.
-MarkM- (Beaglecoin prices plummeting! Beagle Brother Snoopy wants to know why! Oh my gosh!)
By that logic there's no need for Bitcoin either since governments can take down any node/merchant/exchanger they wish.
Well, Bitcoin's strengths aren't only in anonymity; and yes, without Tor or i2p, if anonymity is to be maintained, there is no need for Bitcoin
For instance, if Silk Road wasn't on Tor and used Namecoin, the servers probably would have been taken down by now.You could be confused, namecoin and bitcoin would provide exactly the same level of anonymity/traceability for transactions .... depending on how you use them.
By that logic there's no need for Bitcoin either since governments can take down any node/merchant/exchanger they wish.
Well, Bitcoin's strengths aren't only in anonymity; and yes, without Tor or i2p, if anonymity is to be maintained, there is no need for Bitcoin
For instance, if Silk Road wasn't on Tor and used Namecoin, the servers probably would have been taken down by now. I still don't understand the need for Namecoin. Governments can still take down any servers they want to, or block access to them like the Great Firewall. These sites need a way to not only protect domain names, but also their servers. And there are already networks for that; i2p and Tor.
By that logic there's no need for Bitcoin either since governments can take down any node/merchant/exchanger they wish.
Namecoin is essentially filling a need that does not yet exist. The US gov't has been meddling with the internet more and more and wants to control whatever they can.
Remember lawmakers talking about 'tax' on email like 15 years ago? I think domain name seizures will become increasingly common (we already saw major poker sites and seizure of a botnet earlier this year) and the need for a P2P DNS will be realized.
Remember lawmakers talking about 'tax' on email like 15 years ago? I think domain name seizures will become increasingly common (we already saw major poker sites and seizure of a botnet earlier this year) and the need for a P2P DNS will be realized.
I still don't understand the need for Namecoin. Governments can still take down any servers they want to, or block access to them like the Great Firewall. These sites need a way to not only protect domain names, but also their servers. And there are already networks for that; i2p and Tor.
... .bit domains will serve those grey markets just fine. Not so much about clandestine operations and secrecy but freedom of speech and transparency.
Namecoin is essentially filling a need that does not yet exist. The US gov't has been meddling with the internet more and more and wants to control whatever they can.
Remember lawmakers talking about 'tax' on email like 15 years ago? I think domain name seizures will become increasingly common (we already saw major poker sites and seizure of a botnet earlier this year) and the need for a P2P DNS will be realized.
Remember lawmakers talking about 'tax' on email like 15 years ago? I think domain name seizures will become increasingly common (we already saw major poker sites and seizure of a botnet earlier this year) and the need for a P2P DNS will be realized.
I still don't understand the need for Namecoin. Governments can still take down any servers they want to, or block access to them like the Great Firewall. These sites need a way to not only protect domain names, but also their servers. And there are already networks for that; i2p and Tor.
I read that if such were the case, an update to the client could change the url extension to whatever, all throughout the block chain, though .BIT sound good and simple as is.
There's no need to change the client as far as I know, only the nameservers would have to update.
If someone will buy the .bit domain namecoins will be over also to resolve a .bit domain you need specific software.
Not much useful for now.
Not much useful for now.
I read that if such were the case, an update to the client could change the url extension to whatever, all throughout the block chain, though .BIT sound good and simple as is.
What kind of content is going to need protection from DNS seizures
Mostly sites that practically contain evidence of crimes against young human beings.
Mostly sites that practically contain evidence of crimes against young human beings.
This is one of my chief concerns. There are some things that simply should not be allowed just because "that's how the system works".
And believe me, these degenerates will flock to any safe harbor.
HOWEVER, wont a server hosting such material still be traceable? I mean physically, via IP/ISP?
All the .bit namecoin address does is resolve an IP address, right?
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