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Title: iocoin Post by: worldinacoin on September 09, 2011, 06:38:09 PM Hi, I want to mine the easiest which seems to be SC and IOcoin, but for IOcoin I can't seem to be able to find any client software that works. The last I found throw up an error and I cant get it started, if you do have the link wonder if you can post it here? A million thanks.
Title: Re: iocoin Post by: Chucksta on September 12, 2011, 12:11:37 PM This version of the I0coin client should work for all MS Windows systems:
https://raw.github.com/fusebox/i0coin/master/I0coinClientv1.zip From the thread: https://bitcointalk.org/index.php?topic=36425.msg488405#msg488405 If you want a very good pool, then try out http://coinotron.com You can switch your miners from mining one type of coin to another on-the-fly :) Current Ghash/s for SLC: 59.91 Current Ghash/s for IOC: 6.71 Nobody appears to be promoting IOC at the moment, but SLC has a very good and growing following: http://solidcointalk.org Enjoy :) Title: Re: iocoin Post by: Richard Rahl on September 12, 2011, 12:52:06 PM The problem with i0coin and all the alternatives, is all the sites that accept trading in them have very high cash out fees. Therefore, they are worse to mine than Bitcoin, since you're just going to turn them to Bitcoins anyway. You a powerful mining rig to generate lots and lots of them and get lots and lots of BTC to make even a high rate of something around 1.25 worth it.
Title: Re: iocoin Post by: Chucksta on September 12, 2011, 01:47:16 PM The problem with i0coin and all the alternatives, is all the sites that accept trading in them have very high cash out fees. Therefore, they are worse to mine than Bitcoin, since you're just going to turn them to Bitcoins anyway. You a powerful mining rig to generate lots and lots of them and get lots and lots of BTC to make even a high rate of something around 1.25 worth it. https://btc-e.com only charges 0.1 % transaction fee You can't trade NMC or IOC on that exchange :( Hmm, they've only recently stopped trading IOC, which is strange, as that was doing pretty well... better than IOX.... hmm, damn.... I need to find another exchange for that... gits ! PROBLEM solved: Bitparking I0C exchange: https://i0exchange.bitparking.com/main 0.4% transaction fee Title: Re: iocoin Post by: worldinacoin on September 12, 2011, 01:51:06 PM From what I see iocoin seems to be the easiest to mine. So trying my luck on it.
Title: Re: iocoin Post by: Richard Rahl on September 12, 2011, 02:06:08 PM The problem with i0coin and all the alternatives, is all the sites that accept trading in them have very high cash out fees. Therefore, they are worse to mine than Bitcoin, since you're just going to turn them to Bitcoins anyway. You a powerful mining rig to generate lots and lots of them and get lots and lots of BTC to make even a high rate of something around 1.25 worth it. https://btc-e.com only charges 0.1 % transaction fee You can't trade NMC or IOC on that exchange :( Hmm, they've only recently stopped trading IOC, which is strange, as that was doing pretty well... better than IOX.... hmm, damn.... I need to find another exchange for that... gits ! PROBLEM solved: Bitparking I0C exchange: https://i0exchange.bitparking.com/main 0.4% transaction fee Bitparking I0C charges a 0.01 BTC Fee on Withdrawls, on top of all the 0.4% transaction fees you occur getting the BTC. There are a lot of orders out for I0C, but they don't equal up to much BTC at all. So that 0.01 fee is quite large, since the only miners who are going to use it are going to be dealing in very small amounts of BTC. Title: Re: iocoin Post by: Chucksta on September 12, 2011, 02:09:25 PM Mining and selling IOC and SLC were both a lot more profitable than doing the same with BTC, just up until recently. The difficulty increase with SLC and the price drop of IOC has severely reduced the income, but that can change again.
If you're mining and selling, both currencies are still more profitable than just mining BTC. For me, I am jumping between the two, and saving the coins in my piggy bank :) Title: Re: iocoin Post by: Chucksta on September 12, 2011, 02:14:26 PM The problem with i0coin and all the alternatives, is all the sites that accept trading in them have very high cash out fees. Therefore, they are worse to mine than Bitcoin, since you're just going to turn them to Bitcoins anyway. You a powerful mining rig to generate lots and lots of them and get lots and lots of BTC to make even a high rate of something around 1.25 worth it. https://btc-e.com only charges 0.1 % transaction fee You can't trade NMC or IOC on that exchange :( Hmm, they've only recently stopped trading IOC, which is strange, as that was doing pretty well... better than IOX.... hmm, damn.... I need to find another exchange for that... gits ! PROBLEM solved: Bitparking I0C exchange: https://i0exchange.bitparking.com/main 0.4% transaction fee Bitparking I0C charges a 0.01 BTC Fee on Withdrawls, on top of all the 0.4% transaction fees you occur getting the BTC. There are a lot of orders out for I0C, but they don't equal up to much BTC at all. So that 0.01 fee is quite large, since the only miners who are going to use it are going to be dealing in very small amounts of BTC. that's true what you say about the 0.01 fee withdrawal fee people are fools ! Impatient people wanting to get their BTC no matter the cost ! Title: Re: iocoin Post by: Cosbycoin on September 12, 2011, 09:46:18 PM I0coins are the bomb! So are bitcoins!
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