Topic: Still wondering how to get out your newbie status? Take a look at Devcoin (DVC) (Read 49564 times)
May 23, 2013, 09:50:39 PM
Nice thread
May 08, 2013, 09:25:21 AM
DVC is another alt currency that will fall into oblivion!
I don't think so.DVC is nearly 2 years old, and more and more people are getting to know it.
Merged mining is one of its advantage. Why not get some extra coins while mining BTC? I think people would love to use merged mining as long as they know about it.
And besides the purpose of helping open source community is really charming.
True, people need to know more about it and I'm thinking of creating a Facebook Group on it so yea. But still gather information. But what i really think would help is that I know there are more coins then BTC, If they just gave a little more to the miners I'm sure everyone wouldn't mind merge mining. I do think it is way to low and don't cover the electricity bill for the miners. Just my opinion.
May 07, 2013, 11:07:02 PM
DVC is another alt currency that will fall into oblivion!
I don't think so.DVC is nearly 2 years old, and more and more people are getting to know it.
Merged mining is one of its advantage. Why not get some extra coins while mining BTC? I think people would love to use merged mining as long as they know about it.
And besides the purpose of helping open source community is really charming.
May 07, 2013, 08:16:50 PM
DVC is another alt currency that will fall into oblivion!
May 07, 2013, 08:15:31 PM
21B? thats a crap load of coins! are you sure? or is it 21 million? You can sent Unthinkingbit(the author of DVC) a message for a confirmation. In my memory, the amount of DVC is much more than BTC.
But it doesn't matter too much I think.
May 07, 2013, 08:11:17 PM
Thanks for the wonderful explanations, weisoq 
May 07, 2013, 03:46:23 PM
Is this suppose to be an alternative for BTC or working in conjunction with BTC
I'm not sure there is a 'supposed to be'. In my opinion both could exist without the other but both also add value to the other, a strength of devcoin over some other currencies (I'm not making any general point there about other alts, I know very little about them all). May 07, 2013, 01:14:26 PM
Is this suppose to be an alternative for BTC or working in conjunction with BTC
May 07, 2013, 12:10:07 PM
what is the maximum coins for DVC? ie. bitcoin max out at 21M.
This is the first time hearing about it. Sorry if i'm such a noob.
This is the first time hearing about it. Sorry if i'm such a noob.
Well, the max of DVC is rather huge, it's 21B if I remembered right.
21B? thats a crap load of coins! are you sure? or is it 21 million? May 07, 2013, 11:41:47 AM
I'm already out of my newbie status, however I am still interested in checking out Devcoin they are a very interesting currency. The thing I'm interested in is if you can put all your hashing power to Devcoins or to Bitcoins how does the profitability of Devcoins compare to Bitcoins. I'm thinking they'll be a better deal once the hashing power of BTC goes way up from Asics.
I don't really know much about mining specifics. I'm stuck with nvidia for now so don't. From what I understand there's no loss of hashing power by mergemining devcoin, although I'm not sure about relative profitability. Devcoin works by rewarding development over mining, which is why the mergemining approach seems a win-win. Perhaps you could look at any devcoin return as a modest income stream to cover some expenses, but the brains in the main devcoin thread will be able to answer specific questions if you're interested https://bitcointalksearch.org/topic/devcoin-34586 
May 07, 2013, 11:23:32 AM
I'm already out of my newbie status, however I am still interested in checking out Devcoin they are a very interesting currency. The thing I'm interested in is if you can put all your hashing power to Devcoins or to Bitcoins how does the profitability of Devcoins compare to Bitcoins. I'm thinking they'll be a better deal once the hashing power of BTC goes way up from Asics.
May 07, 2013, 11:18:23 AM
It's not so much an alternative to as an addition to bitcoin. When you buy devcoins you're contributing to developments including those for bitcoin as it goes. The way I look at it is as a more direct investment in projects and in myself if I'm being paid for work, while also expecting the value to grow longer term as take up increases. If I need the money I can always sell them, otherwise I retain the devcoins, give a bit back and watch things grow. There's no reason why devcoin or bitcoin need to undermine each other.
May 07, 2013, 11:00:42 AM
why do we want to have an alternate coin to BTC?
May 07, 2013, 10:58:20 AM
why is it worth my time? whats your elevator pitch
It's worth your time because it pays to get involved. Devcoin aims to help fund open source projects - software, hardware, writing, art, music, film, marketing and other ideas you may have - and all not necessarily related only to devcoin.By incentivising and rewarding time and effort spent working it also supports real development and action today, rather than just the hope of an early mover payback tomorrow, so it's sustainable. It’s merge-mined with bitcoin, so getting involved is optimising for maximum earnings.
There’s a growing community of people already regularly contributing to the growth and economy, people using devcoins for payment and receipt, projects backed by existing devcoin loans across the development and gaming community, and so it’s not going away.
I think it's a great concept with legs. Take a look: Background on Devcoin
May 06, 2013, 09:28:14 PM
cool story 
May 06, 2013, 09:08:23 PM
what is the maximum coins for DVC? ie. bitcoin max out at 21M.
This is the first time hearing about it. Sorry if i'm such a noob.
This is the first time hearing about it. Sorry if i'm such a noob.
Well, the max of DVC is rather huge, it's 21B if I remembered right.
Are devcoins mined similar to BTC?
honestly, the donation amount is quite huge. if it doesnt pay for my power use why would i mine it?
also vicurex once took 18 hrs to credit my account after sending TRC's in, and i missed an opportunity. i asked them and support never replied, and no response on the forums. so I wouldnt use them. btc-e unfortunately, the masteraltxchg.
DVC can be merged mined with BTC, which means that you can mine dvc while you're mining BTC, because they're using the same algorithm.also vicurex once took 18 hrs to credit my account after sending TRC's in, and i missed an opportunity. i asked them and support never replied, and no response on the forums. so I wouldnt use them. btc-e unfortunately, the masteraltxchg.
why is it worth my time? whats your elevator pitch
You're free to choose your own choice. 
May 06, 2013, 02:46:59 PM
why is it worth my time? whats your elevator pitch
May 06, 2013, 02:33:45 PM
honestly, the donation amount is quite huge. if it doesnt pay for my power use why would i mine it?
also vicurex once took 18 hrs to credit my account after sending TRC's in, and i missed an opportunity. i asked them and support never replied, and no response on the forums. so I wouldnt use them. btc-e unfortunately, the masteraltxchg.
also vicurex once took 18 hrs to credit my account after sending TRC's in, and i missed an opportunity. i asked them and support never replied, and no response on the forums. so I wouldnt use them. btc-e unfortunately, the masteraltxchg.
May 06, 2013, 02:28:45 PM
Are devcoins mined similar to BTC?
May 06, 2013, 02:22:30 PM
what is the maximum coins for DVC? ie. bitcoin max out at 21M.
This is the first time hearing about it. Sorry if i'm such a noob.
This is the first time hearing about it. Sorry if i'm such a noob.
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