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Title: Copper Bars beats LiteCoin in per-coin value Post by: cryptocoinsnews on September 11, 2013, 06:34:25 AM At times, it’s hard to find the real gems among the massive amount of altcoins thrown at us every week. No, I’m not talking about Bitgem, I’m not that lame. Have you heard about Copper Bars yet? No, it’s not the same as CopperLark, or BitBar, it’s something complete..(stop laughing!)ly different this time. Well, not entirely, but i can see you’re interested to read this article now.
So what are these Copper Bars? Is it an actual, physical, bar of copper? Well, no, but you can purchase actual, physical copper bars with Copper Bars. (See what i did there?) Are you getting confused yet? No? Good! Copper Bars is a scrypt coin, using the scrypt-Jane algorithm. Now wait a minute, scrypt-Jane isn’t something new, I’ve seen it before! Yes, I’m sure you have indeed. Scrypt-Jane was introduced to me personally for the first time when YaCoin was released. Remember YaCoin? No? Doesn’t matter. Let’s carry on. Read more here: http://www.cryptocoinsnews.com/2013/09/11/copper-bars-beats-litecoin-per-coin-value/ What is your toughts? Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: iGotSpots on September 11, 2013, 06:48:22 AM Nice article. Thanks for the write up
https://twitter.com/GoldForBitcoin/status/377684814251311105 (https://twitter.com/GoldForBitcoin/status/377684814251311105) Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: jdebunt on September 11, 2013, 06:52:53 AM Nice article. Thanks for the write up https://twitter.com/GoldForBitcoin/status/377684814251311105 You're welcome, glad you liked it :) i try to do my best :> Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: iGotSpots on September 11, 2013, 07:02:30 AM I threw up a link on iGotSpots.com (http://iGotSpots.com) for you guys, too
Thanks again Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: r3wt on September 11, 2013, 08:06:46 AM assuming 20 second block times:
20 * 3= 60 (1 minute) 0.0064 * 3 = .0192 (amount mined in one minute) 60 * 24 = 1440 (amount of minutes in a day) 1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times) Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: Garz on September 11, 2013, 08:24:13 AM assuming 20 second block times: 20 * 3= 60 (1 minute) 0.0064 * 3 = .0192 (amount mined in one minute) 60 * 24 = 1440 (amount of minutes in a day) 1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times) ..and what rid/machine is required to perform this output? Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: iGotSpots on September 11, 2013, 08:24:58 AM assuming 20 second block times: 20 * 3= 60 (1 minute) 0.0064 * 3 = .0192 (amount mined in one minute) 60 * 24 = 1440 (amount of minutes in a day) 1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times) ..and what rid/machine is required to perform this output? He means across the entire network. Only that many are generated per day Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: r3wt on September 11, 2013, 08:32:31 AM assuming 20 second block times: 20 * 3= 60 (1 minute) 0.0064 * 3 = .0192 (amount mined in one minute) 60 * 24 = 1440 (amount of minutes in a day) 1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times) ..and what rid/machine is required to perform this output? exactly 1 functioning human brain and optionally, 1 standard calculator. Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: jdebunt on September 11, 2013, 08:46:11 AM exactly 1 functioning human brain and optionally, 1 standard calculator. +1 for lulz :) Edit ; if you liked the article, donations of any coins are accepted through the Cryptsy tradekey in my signature :) Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: Hydroponica on September 11, 2013, 10:02:12 AM Why do people get so caught up on per coin value? Per coin value, is irelevant, what matters is over all profitability of mining the coin
Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: Garz on September 11, 2013, 10:37:57 AM He means across the entire network. Only that many are generated per day Doh - I see now (runs for more coffee)! :-[ Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: iGotSpots on September 11, 2013, 05:26:42 PM He means across the entire network. Only that many are generated per day Doh - I see now (runs for more coffee)! :-[ Yep, it's still very rare Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: miffman on September 11, 2013, 05:46:53 PM the thing about copper bars, is that the block reward is really really low and is still measured at 1 bar. like if a coin had a block reward of 0.00005 of that coin, 1 unit of that would be pretty expensive (with the right conditions of course).
Title: Re: Copper Bars beats LiteCoin in per-coin value Post by: iGotSpots on September 11, 2013, 07:35:23 PM I just re-read your article, then checked the CPR thread. Just wanted to clarify that quote, since the line before it really matters.
Quote Spots is a slow block time coin that rewards 49 Spots per block. Copper Bars will be fast blocks with small rewards. This will attract miners that like slow, big numbers, as well as the people that prefer fast, frequent payouts. Copper Bars will be used to purchase...imagine that, copper bars and coins on iGotSpots.com - We were going to take an already established currnecy, but since Spots launed so well and so smoothly, we decided to make our own that will be mined at the same time as Spots. It's the first package deal coin, so let's do this! The big numbers wording was directed towards Spots. We were talking about how these two are meant to be mined at the same time. Spots would attract people that like big numbers, and Copper Bars was for people that liked faster payouts |