Topic: why are devcoins so cheap (Read 723 times)
no cap means it is of no interest to me,
no cap. 180,000,000 per round (3-6 weeks based on hash rate -- last couple rounds have gone quicker so i suspect hash rate has risen). 50,000 coins per block, so yes, price will naturally be lower than coins with lower supply. the intent is longterm sustained funding of open source development, with a large scope in mind.
Some sort of limit is there.. as only 180 million can be minted per round... But since the supply does not thin down as time progresses, I don't think that the demand will increase.
market is so small
200,000,000 new Devcoins are generated every month. Much more than BTC, LTC or any other altcoin. That's why the price is so low.
Wow! Whats the estimated max for devcoin?
what is unique about quark?
Thanks for the info. Since thee is no cap, I don't think it's going anywhere... As far as quark goes there are multiple complex algorithms instead of just one that supports the coin. I'm not too familiar with the coin either so you should probably check out the official thread.
200,000,000 new Devcoins are generated every month. Much more than BTC, LTC or any other altcoin. That's why the price is so low.
Wow! Whats the estimated max for devcoin?
what is unique about quark?
200,000,000 new Devcoins are generated every month. Much more than BTC, LTC or any other altcoin. That's why the price is so low.
Wow! Whats the estimated max for devcoin?
200,000,000 new Devcoins are generated every month. Much more than BTC, LTC or any other altcoin. That's why the price is so low.
Well because the amount of devcoins being traded is small. Things need to be unique (like quark coins) to make it up quickly.
The idea behind Devcoin is not bad, but you need either some incentive for normal users to mine, or do some heavy marketing. Nothing has been done for Devcoin. It's borderline dead.
devcoins will stick around. they are merge mined, so it costs miners virtually nothing to mine it. it's been around since 2011 and is at difficulty 293,616,418 (bitcoin is at 707,408,283). they are 4x the price they were a few weeks ago. personally, i like the ideas behind it.
when will it raise?
Never?Devcoins are bad as a crypto-currency.
For miners, 90% goes to open source developers who are not mining!!!
Their is little incentive for people to process transactions(aka mine).
Devcoins will likely die.
because its market is so small...
when will it raise?
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