Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30653.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: N12 on December 29, 2013, 12:04:43 AM

For all those even THINKING about "investing" in scamcoins: Don't forget that ultimately, there will only be ONE coin of each hashing algorithm because of the natural concentration of hashing power and the threat of 51% attacks.

Perhaps doge will be the scrypt one. It will certainly be hilarious to watch blight fight dogshit.

What about merge mined coins? My thinking has been that when most alt coins finally start dying off (though I think we may have some hype cycles yet to come), these chains are likely to remain the most secure of alts. Miners don't really have anything to lose by merge mining.

Edit: I see this has already been discussed.

byronbb

legendary

Activity: 1414

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HODL OR DIE

hahah

https://bitcointalksearch.org/topic/m.4196914

notme

legendary

Activity: 1904

Merit: 1002

Quote from: N12 on December 29, 2013, 01:30:47 AM

How much hashing power does Namecoin have? I'm guessing that even though it is "free" after setting it up, few miners do it. Figures on the other ones with merged mining (SHA256) would be interesting too.

Also, I don't know for sure what you are trying to tell me anymore. I guess you are saying that merged mining can allow coins of the same hashing algorithm to coexist?

Googling namecoin difficulty looks like it should give you the answer, but the first two links I tried were not mobile phone friendly. Most pools handle merged mining, and it is dead simple to set up on p2pool. Solo mining would be more difficult, unless you just made your own p2pool chain and used that.

And yes, you got my point exactly. The hash power can secure all chains at once, within the constraints of the coinbase (you have to add a hash to the coinbase for each coin a particular miner is merged mining, so you need room for all of those).

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: N12 on December 29, 2013, 01:30:47 AM

How much hashing power does Namecoin have? I'm guessing that even though it is "free" after setting it up, few miners do it. Figures on the other ones with merged mining (SHA256) would be interesting too.

Also, I don't know for sure what you are trying to tell me anymore. I guess you are saying that merged mining can allow coins of the same hashing algorithm to coexist?

You should check it out with Eligius. Luke and wizkid will tell you all about it Wink

N12

donator

Activity: 1610

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How much hashing power does Namecoin have? I'm guessing that even though it is "free" after setting it up, few miners do it. Figures on the other ones with merged mining (SHA256) would be interesting too.

Also, I don't know for sure what you are trying to tell me anymore. I guess you are saying that merged mining can allow coins of the same hashing algorithm to coexist?

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

There is no merged mining for Scrypt (yet) as far as I know...
I'm sad that I missed the opportunity to mine NMC, I could've had quite a bit of extra money to get more BTC.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: N12 on December 29, 2013, 12:13:20 AM

Even though I've always been curious about the smell of dogshit, I just could never bring myself to try it.

Perhaps it is my realization that if not one wins, then ultimately, all will lose. Why even bother? Or perhaps I'm just too old school.

Quote from: notme on December 29, 2013, 12:11:12 AM

Quote from: N12 on December 29, 2013, 12:04:43 AM

For all those even THINKING about "investing" in scamcoins: Don't forget that ultimately, there will only be ONE coin of each hashing algorithm because of the natural concentration of hashing power and the threat of 51% attacks.

Perhaps doge will be the scrypt one. It will certainly be hilarious to watch blight fight dogshit.

Why not merged mining? A single chain doesn't scale as well as multiple chains.

Isn't Namecoin merged nowadays? It's the only altcoin I've ever dabbled in.

Don't you see the irony in demanding that decentralized currencies be centralized into a single chain?

Namecoin, devcoin, and ixcoin are all actively merge mined with bitcoin. There may be others. I don't know of any scrypt merged mining efforts at the moment, but I haven't dealt much with scrypt mining.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: ChrisML on December 29, 2013, 12:09:30 AM

Quote from: Walsoraj on December 29, 2013, 12:05:27 AM

Quote from: N12 on December 28, 2013, 11:45:35 PM

My guess turned out right, Dogecoin is actually more hyped than Bitcoin right now: http://www.redditlist.com/

Dogecoin #55

Bitcoin #60

I'm still shaking.

I've always believed that the rise of a poorly conceived alt, such as LiteCoin, would reveal how stupid the entire crypto scene is and that it is driven purely by greed and price manipulation. But if Dogecoin turns out to be the prick to Bitcoin's bubble... That would be an even greater cosmic joke.

Can't wait. Cheesy

I'd honestly see LTC doing this instead of DGC.

Think small, act big. That's all I am trying too say. 400K Dogecoins each month, with an outlook at a future price of (wild guess) $1,40 each. Sign me up. Oh no wait, I already did.

DogeCoin is not DGC, stop messing with my precious DigitalCoins. Grrrrr

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quite a boring weekend actually, I thought more drastic stuff would happen. Still have to see what happens today though.

Oh, and good morning

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

NamelessOne

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Activity: 840

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Quote from: N12 on December 29, 2013, 12:23:11 AM

You know, I've recently seen Idiocracy for the first time. I didn't take it seriously at first, but thinking about it, Dogecoin is the perfect bridge to the dumb age.

First, it starts off as a joke. It's just a funny meme with a cute japanese dog breed mixed with comic sans and faulty grammar. But the more the illusion prevails, the more it becomes real and actual stupid people are encouraged and bred since it is fashionable.

In that sense: To the moon!!! ┗(°0°)┛

I love Idiocracy! I quote that movie all the time! "Oh my balls!"

N12

donator

Activity: 1610

Merit: 1010

Don't worry, you will probably become a dogillionaire as bitcoiners are left in the dust. I dig it. Cheesy

ChrisML

sr. member

Activity: 308

Merit: 250

Quote from: N12 on December 29, 2013, 12:23:11 AM

You know, I've recently seen Idiocracy for the first time. I didn't take it seriously at first, but thinking about it, Dogecoin is the perfect bridge to the dumb age.

First, it starts off as a joke. It's just a funny meme with a cute japanese dog breed mixed with comic sans and faulty grammar. But the more the illusion prevails, the more it becomes real and actual stupid people are encouraged and bred since it is fashionable.

In that sense: To the moon!!! ┗(°0°)┛

Finally someone who is able 2 put it all in perfect words. Thank you kindly sir. Due too my lack of english grammar and pronunciation I was not able to do this.

Ride the hype.

N12

donator

Activity: 1610

Merit: 1010

You know, I've recently seen Idiocracy for the first time. I didn't take it seriously at first, but thinking about it, Dogecoin is the perfect bridge to the dumb age.

First, it starts off as a joke. It's just a funny meme with a cute japanese dog breed mixed with comic sans and faulty grammar. But the more the illusion prevails, the more it becomes real and actual stupid people are encouraged and bred since it is fashionable.

In that sense: To the moon!!! ┗(°0°)┛

ChrisML

sr. member

Activity: 308

Merit: 250

Quote from: Walsoraj on December 29, 2013, 12:11:43 AM

Quote from: ChrisML on December 29, 2013, 12:09:30 AM

Quote from: Walsoraj on December 29, 2013, 12:05:27 AM

Quote from: N12 on December 28, 2013, 11:45:35 PM

My guess turned out right, Dogecoin is actually more hyped than Bitcoin right now: http://www.redditlist.com/

Dogecoin #55

Bitcoin #60

I'm still shaking.

I've always believed that the rise of a poorly conceived alt, such as LiteCoin, would reveal how stupid the entire crypto scene is and that it is driven purely by greed and price manipulation. But if Dogecoin turns out to be the prick to Bitcoin's bubble... That would be an even greater cosmic joke.

Can't wait. Cheesy

I'd honestly see LTC doing this instead of DGC.

Think small, act big. That's all I am trying too say. 400K Dogecoins each month, with an outlook at a future price of (wild guess) $1,40 each. Sign me up. Oh no wait, I already did.

Blasphemy! May you and all of your kin incur the wrath of the great Doge!

Much thank you for blessings, oh great Jaroslaw.

N12

donator

Activity: 1610

Merit: 1010

Even though I've always been curious about the smell of dogshit, I just could never bring myself to try it.

Perhaps it is my realization that if not one wins, then ultimately, all will lose. Why even bother? Or perhaps I'm just too old school.

Quote from: notme on December 29, 2013, 12:11:12 AM

Quote from: N12 on December 29, 2013, 12:04:43 AM

For all those even THINKING about "investing" in scamcoins: Don't forget that ultimately, there will only be ONE coin of each hashing algorithm because of the natural concentration of hashing power and the threat of 51% attacks.

Perhaps doge will be the scrypt one. It will certainly be hilarious to watch blight fight dogshit.

Why not merged mining? A single chain doesn't scale as well as multiple chains.

Isn't Namecoin merged nowadays? It's the only altcoin I've ever dabbled in.

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Quote from: ChrisML on December 29, 2013, 12:09:30 AM

Quote from: Walsoraj on December 29, 2013, 12:05:27 AM

Quote from: N12 on December 28, 2013, 11:45:35 PM

My guess turned out right, Dogecoin is actually more hyped than Bitcoin right now: http://www.redditlist.com/

Dogecoin #55

Bitcoin #60

I'm still shaking.

I've always believed that the rise of a poorly conceived alt, such as LiteCoin, would reveal how stupid the entire crypto scene is and that it is driven purely by greed and price manipulation. But if Dogecoin turns out to be the prick to Bitcoin's bubble... That would be an even greater cosmic joke.

Can't wait. Cheesy

I'd honestly see LTC doing this instead of DGC.

Think small, act big. That's all I am trying too say. 400K Dogecoins each month, with an outlook at a future price of (wild guess) $1,40 each. Sign me up. Oh no wait, I already did.

Blasphemy! May you and all of your kin incur the wrath of the great Doge!

notme

legendary

Activity: 1904

Merit: 1002

Quote from: N12 on December 29, 2013, 12:04:43 AM

For all those even THINKING about "investing" in scamcoins: Don't forget that ultimately, there will only be ONE coin of each hashing algorithm because of the natural concentration of hashing power and the threat of 51% attacks.

Perhaps doge will be the scrypt one. It will certainly be hilarious to watch blight fight dogshit.

Why not merged mining? A single chain doesn't scale as well as multiple chains.

ChrisML

sr. member

Activity: 308

Merit: 250

Quote from: Walsoraj on December 29, 2013, 12:05:27 AM

Quote from: N12 on December 28, 2013, 11:45:35 PM

My guess turned out right, Dogecoin is actually more hyped than Bitcoin right now: http://www.redditlist.com/

Dogecoin #55

Bitcoin #60

I'm still shaking.

I've always believed that the rise of a poorly conceived alt, such as LiteCoin, would reveal how stupid the entire crypto scene is and that it is driven purely by greed and price manipulation. But if Dogecoin turns out to be the prick to Bitcoin's bubble... That would be an even greater cosmic joke.

Can't wait. Cheesy

I'd honestly see LTC doing this instead of DGC.

Think small, act big. That's all I am trying too say. 400K Dogecoins each month, with an outlook at a future price of (wild guess) $1,40 each. Sign me up. Oh no wait, I already did.

N12

donator

Activity: 1610

Merit: 1010

Can't wait either, my friend. I hope we all lose our fortunes. Cheesy

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