Topic: Which altcoin will succeed ? (Read 2390 times)
if is just a Clone coin ... better is thinking about a cool service attached to your coin, a specific niche market and a nice community
which one did 
Vote for the SolidCoin 2.0 Choose your future
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we now know the answer
we now know the answer
difficulty doesn't alter hashrates. It simply means you need more hashes per coin/block.
It would be nice if all chains site had some "normalized" hashing power metric.
For CPU based chains taking hashrate and dividing by aproximate hashrate per GHz you could get estimate GHz of network which would allow them all to be comparable. Granted you could never be exact but it should get you in the ballpark.
It would be nice if all chains site had some "normalized" hashing power metric.
For CPU based chains taking hashrate and dividing by aproximate hashrate per GHz you could get estimate GHz of network which would allow them all to be comparable. Granted you could never be exact but it should get you in the ballpark.
The reported hashing power only matters if the same algorithm is being used. Clearly SC2 either doesn't use the same one, or (more likely) has creative reporting of the hash power.
I tested SC2 and Art's CPUminer against each other at the same clock speed:
CPUMiner Scrypt: 16-17kh/s
SC2: 45-48kh/s
So divide the reported SC2 hash by three to get something comparable to the various scrypt coins.
That still leaves rather more power there then elsewhere, maybe CH/RS rented a botnet for a while so he didn't have to pump'n'dump SC2 like he did SC1?
I tested SC2 and Art's CPUminer against each other at the same clock speed:
CPUMiner Scrypt: 16-17kh/s
SC2: 45-48kh/s
So divide the reported SC2 hash by three to get something comparable to the various scrypt coins.
That still leaves rather more power there then elsewhere, maybe CH/RS rented a botnet for a while so he didn't have to pump'n'dump SC2 like he did SC1?
I wonder if hash rate estimates are adjusted for every even block being difficulty 1, or if it simply the same networkhashps getinfo calculation (which assumes constant difficulty blocks) as the client it's derived from? If the later then the actual mining power can be divided by 2 again. Still, that would still yield double the power of litecoin and tbx combined. I'm still not buying it.
It would be cheaper to simply dump money and paint the charts on btce than rent even a small botnet for days, IMO.
The reported hashing power only matters if the same algorithm is being used. Clearly SC2 either doesn't use the same one, or (more likely) has creative reporting of the hash power.
I tested SC2 and Art's CPUminer against each other at the same clock speed:
CPUMiner Scrypt: 16-17kh/s
SC2: 45-48kh/s
So divide the reported SC2 hash by three to get something comparable to the various scrypt coins.
That still leaves rather more power there then elsewhere, maybe CH/RS rented a botnet for a while so he didn't have to pump'n'dump SC2 like he did SC1?
I tested SC2 and Art's CPUminer against each other at the same clock speed:
CPUMiner Scrypt: 16-17kh/s
SC2: 45-48kh/s
So divide the reported SC2 hash by three to get something comparable to the various scrypt coins.
That still leaves rather more power there then elsewhere, maybe CH/RS rented a botnet for a while so he didn't have to pump'n'dump SC2 like he did SC1?
11 votes for solidcoin. So that's the 9 pig nodes, and two from CoinHunter/RealSolid then?
But seriously, just look at who people are voting for with their hashing power. At the moment it's SC out in front with possibly bogus reporting having 20x the cpu power devoted to litecoin and tbx combined. I take that ~40,000 CPUs still mining SC estimate with a giant mountain of salt. Litecoin is in the lead with about the same network security as tbx had after a week (we're soon to be 2 days old!), with hashing power growing at a slow but steady rate. TBX is 30% behind since its hashing power was cut in half (curiously, it didn't drop very much on SC release) and still falling.
But seriously, just look at who people are voting for with their hashing power. At the moment it's SC out in front with possibly bogus reporting having 20x the cpu power devoted to litecoin and tbx combined. I take that ~40,000 CPUs still mining SC estimate with a giant mountain of salt. Litecoin is in the lead with about the same network security as tbx had after a week (we're soon to be 2 days old!), with hashing power growing at a slow but steady rate. TBX is 30% behind since its hashing power was cut in half (curiously, it didn't drop very much on SC release) and still falling.
Okay, come on now. Who voted for solidcoin 8 times?
Fun fact: the SolidCoin 2 client votes online for you! Check the source!
Okay, come on now. Who voted for solidcoin 8 times?
And the rate seems to be growing. 2 months from now, after 6 more alt-chains have been released... will anyone even remember the previous ones?
I will say it's going to suck that I think there are people really invested in alternative coins, but no one will stop and think of the overall picture and how none of them will succeed if they don't at least one slip past and become that penny to the Bitcoin nickel. So far NameCoin is the most impressive in the sense that it is like an energizer bunny. No one makes claims about how it is technologically better than any other coin, but maybe just for the fact it didn't have to deal with the people in this subforum that it 'made it' lol
But here's the fun question:
In the last 3 months there have been
SC1.0
I0
GG
TBX
FBX
SC2.0
LTC
And the rate seems to be growing. 2 months from now, after 6 more alt-chains have been released... will anyone even remember the previous ones?
In the last 3 months there have been
SC1.0
I0
GG
TBX
FBX
SC2.0
LTC
And the rate seems to be growing. 2 months from now, after 6 more alt-chains have been released... will anyone even remember the previous ones?
If any litecoin
It is a lot like fairbrix, except its not dead.
It is a lot like fairbrix, except its not dead.
How do you measure success....
i would say that when it has been used for a substantial amount of time (years), with a reliable amount of stability, and is used for something other than daytrading or purchasing illegal goods, then it will be successful.
is it possible that BTC will reach this mark? yes.
i just dont think its very likely.
Define success
Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.
You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.
Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.
You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.
You know you've been mining Litecoin like a fiend.
My only really CPU-mineworthy rig is currently quite too occupied with VMs and work-stuff for me to mine anything, even TBX
Define success
Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.
You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.
Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.
You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.
You know you've been mining Litecoin like a fiend.
Define success
suc·cess [suhk-ses]
noun
1.the favorable or prosperous termination of attempts or endeavors.
2.the attainment of wealth, position, honors, or the like.
Define success
Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.
You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.
Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.
You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.
I'd say -most- of the support for any current alt-chain is fueled by pure speculation.
Well worded, I agree. I am trying to think of the other factors that would motivate people toward any of these coins. Something about the technology no doubt would sway a person. Spite, never underestimate the power of seeing someone e-hurt as some sick form of motivation. I hope there are more reasons. 
I wonder how the results would look if Bitcoin was a choice.
my answer would still be the same; none of them.
realistically, the likelyhood of btc succeeding is extremely small (and the chances of an alt currency succeeding are even smaller than that).
How do you measure success. I'd say it would be successful if prices would stay at current levels in the following years with higher transaction fees.
Obviously it would be successful if prices rise substantially regardless of fees.
I also think it would be successful if 99% of people left as a niche solution. (Compare the relative success of tor)
The problem with reassuring success of the network is not if people who gambled upon wide success are successful themselves.
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