Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: LittleD on September 06, 2013, 03:50:44 PM



Title: WHY are there so many COINs?
Post by: LittleD on September 06, 2013, 03:50:44 PM
Is it even profitable to mine some of the coins?
Will they (coins) ever be as high as BTC?
What are the top coins people should invest mining time in ??? ><>
Thanks


Title: Re: WHY are there so many COINs?
Post by: millsdmb on September 06, 2013, 04:00:46 PM
Is it even profitable to mine some of the coins?
Will they (coins) ever be as high as BTC?
What are the top coins people should invest mining time in ??? ><>
Thanks
yeah just use a pool that switches to the most profitable coin at the moment. that is if you have no means to efficiently mine BTC.


Title: Re: WHY are there so many COINs?
Post by: nobbynobbynoob on September 06, 2013, 04:05:56 PM
So that sharks can speculate on BTC-e and Cryptsy. ;D


Title: Re: WHY are there so many COINs?
Post by: claycoins on September 06, 2013, 11:06:23 PM
Opensource. 
Instructions on how to clone a coin have been put out there so even people without much knowledge can make one.


Title: Re: WHY are there so many COINs?
Post by: roxannemmorganB599 on September 07, 2013, 12:08:22 AM
It's greed. I think primecoin has a big change to make it to the next level.


Title: Re: WHY are there so many COINs?
Post by: maanto on September 07, 2013, 12:21:30 AM
You could say the same things about Bitcoin.

Personally, I cloned a coin so that I could learn more about cryptography, C++, linux, and networking.
I cannot speak for everyone else, but that is my reason for you.

edit:
I still accept bitcoin, but I choose to mine my personal favorite coin.
It's really up to you which one you'd like to mine. There are a lot of choices out there, so one is likely to appeal to you.


Title: Re: WHY are there so many COINs?
Post by: marcetin on September 07, 2013, 12:53:40 AM
Re: WHY are there so many COINs?

Because this is new technology in it's exponential development!  ;D


Title: Re: WHY are there so many COINs?
Post by: SaltySpitoon on September 07, 2013, 01:02:41 AM
Because this is new technology in it's exponential development!  ;D

This. Everyone is trying to make the next big coin, so they can strike it rich. However, what it is actually doing is creating a lot of innovation (and a lot of spam). The coins that are bad will die, and hopefully new coins will take the best aspects of the ones that fail to make a very neat coin.


Title: Re: WHY are there so many COINs?
Post by: wedge on September 07, 2013, 01:38:41 AM
It's a social/economic experiment to see what the free market would look like if there was no patent system.


Title: Re: WHY are there so many COINs?
Post by: cadcoin on September 07, 2013, 01:42:20 AM
The evolution of coins is happening right now. The best coin will survive and the bad will die and forgotten.


Title: Re: WHY are there so many COINs?
Post by: payb.tc on September 07, 2013, 01:48:42 AM
Opensource. 
Instructions on how to clone a coin have been put out there so even people without much knowledge can make one.

citation? :D