Bitcoin Forum

I first started mining about a month ago at 12G/h I bought by stuff before the big rise back when BTC was around 150 a pop. Sense then I have only accumulated a very small amount around 0.19 BTC most of that increase was from Satoshi's Circle spinning the wheel. Well I started looking for other alternatives because at current increases in BTC difficulty I won't even be making more than 50c a day that means it has become unrealistic to mine them, not to mention the skyrocket prices of block erupters and miners. I missed on the BTC thing to earn a nice profit like the early starters, so I went to BET it's new and difficulty isn't very high the only downside is that difficulty skyrockets really fast after 6 blocks. Well that being said I thought I would start on this coin and get a nice chunk of them before all the big boys come and start tearing away at this I suggest anyone who doesn't have thousands of dollars to invest in miners to get your kiester over to a betacoin mining pool and get on it before it's to late. The increase in this coin has been substantial sense it's release sure it's not that much but neither was BTC when it first came out.

Look at eMark - it hits 30Thash today, and is still very young (2 months)

Yea I suspect the same thing will happen with BetaCoin as well it's at 2TH so I am sure it will reach that as well in the coming weeks there is already a store that accepts Betacoins so that's a +

Mining altcoins is fun because you get lots of them very quickly. Whether they are any more profitable (or loss making) than btc depends how which coin you choose and how lucky you are. Most will just tank and mining them will be worthless.

Very true that's why I am hoping bet goes up significantly in price.

I got 20,000 coins early on with my 20GHs rig :) - A pretty good coin to choose I reckon.

I want to solo mine but it is confusing as heck all I know is I need to use the betacoin.conf file use rpc user name rpc password but what I don't understand is the rest of the stuff like how to put my ip in their and how to run it in bfgminer.

it's the same as bitcoin. Just have your betacoin wallet open then run something like:


and that's pretty much it. If you score a block you'll just see it in your wallet :)

I know that part I just don't know how to set up the conf file.

probably a good place to start http://betacoin.org/downloads (http://betacoin.org/downloads) or have you already done that and it's not working?

Sample betacoin.conf:

Well I can't figure out what info to put or how to make a username in my betacoin.conf file then use a script to run bfg miner.

How do I put my ip in there?

Like say my ip is 192.168.0.x and in that conf file do I just make up anything then in my bfg miner put -0 then what?

I'm guessing you must be on a windows system? I'm afraid I'm mac and linux so setting it up on a windows box i'm not sure where to put your conf file but if you just copy the instructions for bitcoin but use the conf file for betacoin you'll be away. Just use something like notepad to create your conf file. All you need to do is save it in the right place. You'll have to look up running bfgminer on windows though.

And how much are they worth if you converted to BTC say, or fiat?

If I'd sold earlier today enough to ROI 16 block erupter a and a jally :) not to mention I already recouped them on other altcoins anyway if I sold now not as much but I'll sit and see. Got rid of half early on and got 1.2btc now I've just over 10000 so we'll see where it goeS :)

I noticed that the coins you guys are talking about are all SHA256 based coins. I will have my 8x 7950s but i was thinking of just mining scrypt currencies with it. Is there any point mining SHA256 currencies since GPUs will get annihilated by ASIC miners?? Or is ASIC miners only possible to be use with bitcoin??

if you have 8x I would stick to lite coins scrypt currencies gain more in value faster because they are harder to mine.

For the same reasons you have described i have switched ALL my miners to Betacoin and will keep mining it until the end of the universe.

When the price skyrockets we will see a lot of regrets from a lot of people.

As i hear the developers will show us things no other cryptocurrency presented yet!!!

It is the only cryptocurrency which is generic (not nationality wise like the Deutche emark ) and many features are being deployed as we speak.
Also it is fair with no premines and gives equal opportunities even to people just started to have profits.

Last but not least it is 2.5x faster than Bitcoin providing you equal security and you can find a strong community of believers which they 'll guide you to anything related!!!

How very exciting. Which retailers accept it? Which countries have betacoin ATM machines? Even the name sounds like a joke. Who's going to trust a currency called "beta" lol

Considering it took BTC like 4 years to get as far as all the things you describe who knows? BET has only been out for a month who knows. Just remember one thing BTC went someplace because it started getting support. BET does not sound ridiculous. Beta as in better than BTC which it is. Just think of this for a moment Betacoin is already worth more than BTC was when it first came out :).

Everybody my friend and they will cry if they miss the train!!!!

Already sold 300 BETs to friends for real money not the crappy bitcoin like the exchanges currently support. Betacoin is spreading like hell. Real people with real money don't care about the name
they care only for investments that can give them Return. And that what's betacoin is. It is a coin with strong network and innovative ideas that will rule all other coins. Make your move man. Stay with the average joes which doesn't foresee this coming or buy some now it's cheap in order to not regret later :)

PS: Also you can stick with your favorite BTC until it's fall. I won't
http://www.washingtonpost.com/blogs/the-switch/wp/2013/12/10/this-finance-expert-thinks-bitcoin-will-fall-99-percent-by-june/

Keep pumping it dude. Eventually you'll find an idiot that believes you

Yeah right!  ;)

The problem with the closed minded people is that their mouth remains open.

You can stick and enjoy the Bubble cryptocurrencies, i am happy with my life
and keep doing the right thing now.

Also a note to you which you think you're clever i was in bitcoin from 2009. Now it is not profitable any more. You can keep that in mind.

All of this saying is not of my advance since now that the difficulty is low i am producing more. I am making you a favour by providing you this info.

Usually when I see somebody making such assumptions over a clonecoin I take a quick look at his sig.
In your case "Betacoin Better than Bitcoin! The future is here!"
LOL.

Depending what I see there I try to argue and insert some reason into the possible but not proven shill, or I laugh over some pathetic attempts to pump a clonecoin.
In your case , I laugh.

well thanks for the advice
since exchange rate to btc isnt too bad
and i only can get 680mhz ill give it a try :)
to get 0,01 is getting to hard for me :(

Great man! You 're taking the right choise as i did 2 months ago and never regret it :)
I asked my self why get 0.005 when i could get 140BET/day.

The cardinality is all that  matters when it will hit the online shops ;).

Nice to have you on-board!

been trying some pools but cant get any unconfirmed yet
whats the best pool for BET

I'm mining on http://beta.dsync.net/

It's 4.5 TerraHash right now.

It is far more profitable to mine Betacoin right now than BTC.

Yes it is my friend!!!! And the best of all it is that this crypto is much more fair and announced the right time
where our equipment became useless!

Now I even bought more equipment in order to increase the Betacoins/day mining outcome!

Is Betacoin still so easy to mine?
I only have like 300khs so wont make so much coins as for some alts like coinye,s right?

Isn't it a Peercoin ripoff? whats the difference

Faster transactions without cutting the cost of security.

And it is proof of work. Proof of stake are at least unfair.

I wish people would stop pumping and dumping this coin the price would skyrocket if people was not doing this. I guess we will just have to wait tell the block reward cuts in half.

Yes. It is also because of some of the people mining Betacoin are obsessed with Bitcoin and do not foreseen the real value of BETs.
Wait until the new features of the developers come out.  They will sure regret about these movements. On the other hand if you buy or
invest now it's definitely a win-win situation.

I am mining and holding I am at about 1800 Bets now get about 70 a day.

It will be the crypto of the future!

Some people are dumping Betacoin because they do not foresee the real value of it. I 'm guessing the will regret these movements soon enough when it will dominate the market! For various reasons this was they crypto that many of us looked out for long enough. Because it is fair, it is decentrallized and it is faster than Bitcoin. A new era is coming. Now that the values are dirt cheap the currency is decentralized more than ever!!!!
So don't worry about the low values, wonders are about to come!

Bitcoin is just about out of reach for middleclass to mine at any profitable rate. There will be nowhere else to turn but to Betacoin or Peercoin. I do believe that change is soon to come as well!

I agree with that in the coming months nobody unless they have thousands of dollars to spend on mining equipment will even go to Bitcoin because of the ridiculous difficulty then they will turn to things like Betacoin definitely.

Why spend money to buy mining equipment which can do nothing but mine garbage coins?  Might as well just spend the money on online poker.

You can mine alt coins trade them for btc at a higher percentage than if you was to just mine bitcoins.

And when the betacoin is going to be used by a lot of online shops and becomes a commodity those people will change their minds :)

Oh , yeah , that's every shitcoinclone wet dream.
Too bad it ain't happening.

All the altcoins have less than 1% of the shops bitcoin has , and the difference is only getting bigger by the day.

That is your opinion man, but as Bitcoin get's harder and harder to obtain people are going to look for something that's easier to mine. You can say what you want wait tell this spring when the new asics hit the market and nobody unless they are rich can get more than 50 cents a day.

Sooooo... whatttttttt?

Just because 1 billion people are working in agriculture with a stick means that all tractors and co manufacturers are out of business?
Does it mean those people are the ones producing most food on the planet?

You realize that the price of the coins will eventual come from utility (once this hype is gone), not because everyone can be an alchemist and make money out of electricity in their basement?

So , coins will still be easier to mine ,but people will understand those coins have no future , nothing to buy with them , no hope of ever becoming so successful as bitcoin , no hope of 1000x in price a year.
Will they still mine it? Hell no!

That's where you are wrong your entitled to your opinion but nobody ever said it was going to get to 1000x did they? I am saying that they will be worth more than they are now. Just because they are not and maybe won't be worth that much doesn't mean people won't mine them. I hope you stay away from it because when it does increase in value you can just go cry in a corner.

I like how alt coins supporters react. The same way. Identical.
I will buy a Ferrari with the coin I mined in one hour with my cpu , You all losers are going to cry.

Same argument , same deam , same everything. But nothing real to back your arguments.
Do you really think money will pour in every alt continuously , with no limit?

You can have your own opinion. The opinion of a looser, but keep it for yourself.
Betacoin is here to stay and it has more fans you can even image in your wet dreams. If you can buy a ferrari with your whatever crapcoin you posses
then why bother answering in this topic?
Many things are about to come with Betacoin that will change everything. You can keep mining scryptcoins if you like which came out with the rate of 5/day.
Or you can stay with Bitcoin and collapse with it. This is not just an alt coin. It is an improvement of the initial crypto in many aspects.
It is too early to say much but we can have the same conversation in June if you like ;)

By the way you sound like those people that said that Bitcoin would never exceed the threshold of the 10$ :)
Betacoin is the solution to many aspects and i could give you 1000 arguments about it.
Anyhow the problem with closed minded people is that they keep the mouth open.

One reason is because of this!
This crypto achived difficulty stability in 4 months when others struggling for years :)
http://s10.postimg.org/8xcs5surt/Untitled.jpg

Because at the give time and since more are coming related to this crypto it is the most wise move a man can do  ::)
No need to further ado !

Because your are clever i guess  ::)

^^^ One true fanboy here.
Posting in a dead thread four times alone in the last 10 days =))).

Are you that lonely?

Who is lonely the person who is posting 4 times or the person who seeks out to make a conversation with the lonely one?

I ain't lonely!!! I am just trying to wake some people up before it's too late my friend!!!!
Already performed a Giveaway from my own personal stash to help people start!!!
The Bitcoin era has passed! It's time to move on.

Have you looked the Betacoin price today and it's correlation with it's difficulty ;)

That's what people are failing to understand the harder it gets to mine Betacoin the more it will be worth, I am going to try and order a 160 G/H unit next week and put that on Betacoin.

I have put all of my hashing power to Betacoin and planning to add an extra 25GHs by March!

This currency is the future