Bitcoin Forum

With the monster acis units on the horizon of a full scale assault on btc soon(when they start mass shipping) and the ensuing skyrocketed difficulty level,

which coin will be the next big thing to mine?

Me personally i think the PPcoin since it too can be mined with a acis machine and would be perfect for us light wieghts who wont be able to compete with the tera hash/s powerhouses.

currently feathercoin is making waves as a new currency but since it is just about 1-2 weeks old we will see

I'm not convinced on Feathercoin, it seems all the coin has backing it is premined coins that are providing its own self promotion.

It provides nothing over Litecoin?  ???

how can you assume that it was premined... it is 4x the amount of litecoin... but isn't trying to challenge litecoin but be a subcoin after litecoin

I personally imagine that litecoin will be the next big cryptocurrency, atleast for GPU miners. As the ASICs ship out the difficulty will soar and miners using GPUs will move on, likely to the next biggest cryptocurrency, being litecoin. Although, people with FPGAs will be unable to mine litecoin due to the fact that it uses scrypt and as a result it is likely that, if they wish to continue mining, they will move their miners onto one of the other SHA-256 based cryptocurrencies, such as PPCoin and Terracoin.

litecoin is already making waves since mt.gox already announced support for it :)

so currently it would seem that bitcoin == gold .... litecoin == silver .... bronze === ??

Litecoin is certainly the current altcoin juggernaught and asic safe for the time being.  PPCoin has certain new technological aspects that make it appealing as well.

Litecoin and the other scrypt coins I suspect will e where gpu miners go once asics have saturated the market over the next few months.

When's the last time you heard of someone buying bronze?

3 million coins in the first 24 hours..?

Did they not announce it before they started mining?  I was under the impression they did, although I may be wrong.

I'e switched my LTC boxes to FC for the weekend.  I'll grab a few hundred coins and move back to LTC on Monday--if they turn into something, great.  If not, I won't lose sleep over it.

Litecoin is starting to get a lot of volume. It's the next big bang. #trust

I'll look into it.

+1

litecoin will probably be the go to choice for all GPU users looking for a better cut.

But for small timers using the acis usbminer or 2 and jalapeno btl machines, PPcoin looks like the the better choice versus trying to battle the powerhouses.

I reckon bitcoins will always be number 1, litecoins will take off next and then terracoins.

Why Terracoins?

I think that it would be something (maybe does not exist yet), that allows people with higher-end laptops to be able to use it... and make a profit. I think bit coins popularity with the average person will begin to die out as they find out that there computers have no hope with competing the terahash/s machines that are starting to be created. With machines like this, I believe bit coin mining will become unenjoyable for the average person.

But the point here isn't really what most enjoyable/profitable to mine, it's really what CC can find widespread adoption in mass markets.  BTC/LTC make sense to me in that regard (LTC more than BTC, but that's a technicality in my opinion), but I can't decide on a third.  Do we even need a third?

 Based on that.. one should take their GPU farm there before the asics come as you already did that... :)

That's a grand idea and a solid point.  I've been mining LTC 100% for a few months now, waiting for the big boys to show up....

Definitely Litecoin...but seriously at some point these alt coins need to stop IMO...everyone is trying to cash in

Can't see Terracoin taking off - difficulty scaling is retarded.

Did they ever fix that?

 Ok, so picture this... you invested in said ASIC, let the company build a device that when you finally got your hands on it you damn near convulsed. (That is how these ASIC boys are) They have invested how much into BFL and Avalon? Does anyone care to see what the interest is on that many million for simply sitting in the bank? How many presold BFL have? Do the math.

 I will get back on topic. The said Alt coins that will accept ASIC will be the next for them. GPU's still be here. You would hard pressed to find a person in the world who does not game, or know a die hard gamer themselves.

 I'm sorry to say folks, but gaming is the entire reason the internet is where it is. Who the hell you think makes the GPU's for Consoles? Let me rephrase that.. porn is the biggest bandwidth consumer. LOL regardless.. GPU's fuel this fire... either get on, or buy a hunk that won't do sheat other than mint BTC or another alt coin, and let them hold you money for 2 years.

 Do you need more explanation?

The next big crypto currency is actually ... bitcoin!

Yes, that's right, as bitcoin becomes more known it starts to gain infrastructure, merchant solutions etc. The altcoins are mostly me-too products that offer no real benefit over the original, except for a small interest group. What miners like is irrelevant in the long run when the currency moves into what it was supposed to be - a real medium of exchange - and not a free-money get rich quick scheme which is the miner's focus.

I know this isn't a popular view, but it's what needs to happen if crypto currencies is to ever make it into the mainstream.

I agree. In my opinion, bitcoins will be number one for a long time...

LTC is taking off nicely. LTC/BTC is now over 0.03

They put it on hold though according to this article (http://www.networkworld.com/news/2013/042513-mt-gox-delays-plan-to-269095.html)

Definitely Feathercoins! it is all over the internet and cryptocurrency related websites

I would vote for Feathercoin for those who would enjoy discovering a few blocks themselves. It might never grow as big as Litecoin, which is what I am mining currently, but still the thrill of finding a block. Of anything really, it's indescribable. At least the first couple of times :D

Bitcoin

I think especially the new altcoins are created to make quick money. Hopefully one with real technical advantages and no pre/instamine and huge early adopter advantage emerges.

Litecoin was a good alternative during the past month (6-9 Month)... but the difficulty raised the last weeks/month, so that CPU-Mining (yes, I did it with some strong servers and about 8-10 "normal" workstations) is no more efficient.
I startet with ~ 60 LTC/Day and a total Hasrate of ~ 700kh/s, now I just get ~ 2-5 LTC/day...

okay I had to switch of some clients, but my 2 servers with each 24 Cores & 32GB RAM run at 100% and they generate only 1,2 LTC/day... so mining LTC with CPU-Power is "dead".

I am looking for good alternatives, but there are too many new cryptocurrencies and I can't make a decision ;) I hope I make a good choice with PPCoin and TerraCoin, we will see :-p

You know how I can be certain that none of these me-too-coins will ever succeed?  The fact that every discussion is about miners.  Miners don't matter.  No one cares what miners want, and no one follows their lead.

While I'm pro competition I do not see that the alternatives offer any revolutionary new concept compared to bitcoin.

Litecoin uses different hashing, which could serve as a backup in the unlikely case sha failes.

PPCoin?

litecoin I reckon. ASICS are going to destroy bitcoin mining for GPU miners

It seems interesting. But I don't know if the concept will work - have to read a bit more about it though.

In fact, I think a effectively deflationary coin like bitcoin (which in strict terms is also inflationary) is a good idea. This is contrarian to the current fiat system. And I think we have already seen that such an inflationary system does not work well longer term... I mean everybody will spend some of his wealth at a certain point of monetary value in relation to his needs. A deflationary system mostly prevents unneccessary spending which saves resources but will not prevent economic prosperity. Artificially induced demand (via inflation) is not healthy.

Look, let's make this poll scientific, vote with coins:

If you think Litecoin is the next big thing send your vote to:
LVSQ3ayH4AAgkYjZo97ev3t5t6HocJYQWd

If you think PPCoin is the next big thing, send your vote to:
P9kkQFFDwkrCXdR4WKnEr7j4o8DDcso2eh

If you think Feathercoin is the next big thing, send your vote to:
6kJdQG4Zz3jBm7JcGQxKyxUmm4yPpof9f8

If you think Namecoin is the next big thing, send your vote to:
NG3v4S9AzoZ5jCHJpWZ5TCyex7Kth3XNYt

If you think Novacoin is the next big thing, send your vote to:
4bAdyoqqE7p4WsLdJjECjdqsXjemxdj5Bi

If you think Truecoin is the next big thing, send your vote to:
19Uv58pZ1rEdLuRdecRk1b6K9ZsALNQQPs

If you think Bitcoin is the next big thing, or some other currency, send your vote (with a message if necessary) to:
14uBKaWXJfgSLKHG8K9X4jhjL12hzfCf8F

May the best coin win.

:)

Litecoin seems to be on the way up :)

This is a free market, a real one, the more currencies we have the better because we can experiment and find out which system works best.

Feathercoin

non of the alt currencies will get any significant attention until bitcoin itself is fully accepted. even though litecoin may have good intentions from the developers, most of those alt currencies are just pump-and-dump.

I wish there were a couple of secure online Litecoin wallets available.  I'm always hoping my computer won't crash and I'll lose my Litecoin client.  I'm not really sure how to back up properly.  Am I suppose to back-up the wallet each time a transaction is made?  Should I send the backup file to an external drive or email a copy of the file to myself?  I'm sorry to go so off-topic.  I really have know idea of what will be the next big crypto currency.  I'm trying to hold some coins of many types  (as a high-risk fun investment) to play it safe.

I'd stick with bitcoin cuz ill have a lot by then

Well Litecoin seems to be doing just fine as it is. Though I think it needs more exchanges as do other crypto's to become more valuable. And really you need to be able to buy something with it directly.

You don't need to back it up with every transaction, the transactions are kept in the block chain.  Just save your wallet.dat file (name it something you'll remember) someplace it will be safe!

There is a Ripple (by OpenCoin). But I don't like them. Why ? Because they base their currency on debt, rather than assets.

I believe this is WRONG.

Ltc followed by Fc hopefully

maybe novacoin?