Topic: Who is mining namecoins and why? - page 3. (Read 10176 times)
Namecoins are more fun to mine because you get more of them. I know it's silly, but that's how it is to me. Of course I just have my one gaming computer. Also nobody is DDOSing the pool.
i am mining namecoins
but really it's silly, as it's more profitable to mine BTC...
which means, you can mine bitcoins then trade them for namecoins and have more namecoins than if you was soloing mining them (on average)..
BUT (again)... I like the gambling feeling of solo mining and getting 50 name coins
but really it's silly, as it's more profitable to mine BTC...
which means, you can mine bitcoins then trade them for namecoins and have more namecoins than if you was soloing mining them (on average)..
BUT (again)... I like the gambling feeling of solo mining and getting 50 name coins
I noticed a pretty serious uptick in namecoin mining, enough to jump the expected difficulty drop date from august to mid july. What is causing the sudden interest in namecoin mining all of a sudden? Still seems like a losing proposition at the current price / difficulty, or are people just eager to get the difficulty down so they can get it up again? hah.
People who are mining Namecoin at the moment are doing it because they believe in Namecoin. They like the idea and they want it to succeed. It's no different than people who are putting time and effort into Bitcoin because they like the idea and they want it to succeed. And Namecoin won't succeed if the hashing power is so low that anyone can trivially take over the network, or if new blocks are being found very infrequently because the difficulty rocketed up when it was more lucrative than Bitcoin mining, but then everyone left when it wasn't.
Right now, it seems that mining for BTC and buying NMC might be a good idea.
yu mine solo namecoins the same as you do bitcoin.
go to namecoins.us.. download their hacked version of the bitcoin client.
set up rpcuser and rpcpass and point your miner at 127.0.0.1 instead of teh pool.
as for namecoins, is it me or is the price, sorta linked to bitcoins difficulty? seems like it adjusts sometimes to keep it just barely under bitcoin in profitability.
well everytime i have checked the namecoin calculators, i tend to get a couple dollars less a month than on the bitcoin ones, even right after the bitcoin difficulty jump.
go to namecoins.us.. download their hacked version of the bitcoin client.
set up rpcuser and rpcpass and point your miner at 127.0.0.1 instead of teh pool.
as for namecoins, is it me or is the price, sorta linked to bitcoins difficulty? seems like it adjusts sometimes to keep it just barely under bitcoin in profitability.
well everytime i have checked the namecoin calculators, i tend to get a couple dollars less a month than on the bitcoin ones, even right after the bitcoin difficulty jump.
How do I mine namecoin with several workers without a pool (i.e. solo)?
I tried to use slush's pool, but i failed 
Can't get a connection. I think my username or the host are wrong.
Anyway, i'll wait for btcguild to come back while I'm mining NMC
Can't get a connection. I think my username or the host are wrong.
Anyway, i'll wait for btcguild to come back while I'm mining NMC
I am mining Namecoins, because my prefered BTC-pool (BTCguild) is down 
I did exactly the same thing, then realised the difficulty is still too high for NMC, so I switched to Slush's pool.
I would have gone to Deepbit, but that email they are supposed to send when activating/recovering an account, just won't come through, so I gave up.
It does look like more people are going over to NMC. I'll wait till the decrease in difficulty.
NMC mining batch files at the ready
If you are mining Namecoin, I'd need a little bit of help, starting a new Namecoin/Bitcoin.
I'd appreciate it.
regards, talpan
I'd appreciate it
.regards, talpan
I am mining Namecoins, because my prefered BTC-pool (BTCguild) is down
You are still far better off mining BTC than NMC, that is if you are after dollar profit. But, the next NMC mining difficulty adjustment will be a decrease (50% ish), and we will see another rush on the NMC, as long as the NMC price stays as it is or rises.
NMC / BTC difficulty adjustment forecast tables
http://dot-bit.org/tools/nextDifficulty.php
Get ready to hit NMC in 6 days time
NMC / BTC difficulty adjustment forecast tables
http://dot-bit.org/tools/nextDifficulty.php
Get ready to hit NMC in 6 days time
On this moment, is more profitable (for me) to mine namecoins and then exchange them to btc later
That seems very unlikely. Namecoins are traded for 0.033 - 0.034, and the difficulty ratio between Namecoin and Bitcoin is 0.0357. 
Namecoin price jumped up almost 50% a couple days ago, if you didn't notice. Since then it went back down, however.
That happend because BTC price droped and people was looking for an alternative.
On this moment, is more profitable (for me) to mine namecoins and then exchange them to btc later
Namecoin price jumped up almost 50% a couple days ago, if you didn't notice. Since then it went back down, however.
I noticed a pretty serious uptick in namecoin mining, enough to jump the expected difficulty drop date from august to mid july. What is causing the sudden interest in namecoin mining all of a sudden? Still seems like a losing proposition at the current price / difficulty, or are people just eager to get the difficulty down so they can get it up again? hah.
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