Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: GpuWorks on August 16, 2013, 03:12:34 PM



Title: Which Alt coin will be the 3rd successful coin?
Post by: GpuWorks on August 16, 2013, 03:12:34 PM
1st Position = Bitcoin
2nd Position = Litecoin
3rd Position = ?

What is the 3rd coin?



Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: CoinsMiner on August 16, 2013, 03:15:28 PM
NVC is the 2nd coin at price. 3rd LTC


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: DoNotMineD on August 16, 2013, 03:18:35 PM
3rd coin = NMC


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Time2Rest on August 16, 2013, 03:29:17 PM
1st Position = Bitcoin
2nd Position = Litecoin
3rd Position = ?

What is the 3rd coin?



1st Position = Bitcoin
2nd Position = Litecoin
3rd Position = Namecoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mustyoshi on August 16, 2013, 03:49:04 PM
4th will be Primecoin.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: FreedomCoin on August 16, 2013, 03:51:02 PM
4th will be Primecoin.

i think so or some other coin that has constructive proof of work.

Wonder why NMC and NVC are going so well.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: tspacepilot on August 16, 2013, 04:01:37 PM
I suppose that the 3rd coin won't really be established for some years now.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: zackclark70 on August 16, 2013, 04:03:10 PM
at the rate IFC is going at it will be 3rd in no time :)


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Adamlm on August 16, 2013, 04:07:50 PM
One of these: NMC / DVC / PPC / XPM


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: arnuschky on August 16, 2013, 04:08:45 PM
According to the poll running in parallel, it's Primecoin:

https://bitcointalk.org/index.php?topic=273370.80

(re NVC: not everything is about price, even though Primecoin isn't doing too bad there either)





Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: hundleycrozco on September 03, 2013, 03:20:48 PM
FTC will be the 3rd successful coin.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: SirMintALot on September 03, 2013, 04:10:15 PM
YACoin, what else?  ;)


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Macieja on September 03, 2013, 06:28:58 PM
Primecoin!


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: miffman on September 03, 2013, 06:31:44 PM
cryptogenic bullion  ;D


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Killiz on September 03, 2013, 06:33:30 PM
cryptogenic bullion  ;D

Shhh don't tell em yet, leave it as a surprise!  :-X  :D


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: chris200x9 on September 03, 2013, 07:07:29 PM
sexcoin, they are doing a lot of good work to get it into the industry.

Also sex sells :P


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: nawazish1 on September 03, 2013, 07:17:07 PM
PXC is a candidate.Trolls tried hard to kill it. But failed badly. :P


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: guugll on September 03, 2013, 07:25:09 PM
BBQ or FTC


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: braytz on September 03, 2013, 07:38:04 PM
cpucoin3


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: pliznau on September 03, 2013, 07:39:15 PM
NVC is the 2nd coin at price. 3rd LTC
i`ll go with this ranking. 1st BTC 2nd NVC 3rd LTC ;)


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: metacoin on September 03, 2013, 07:39:54 PM
Florin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Joerii on September 03, 2013, 07:52:19 PM
Define succesful.



Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bholzer on September 03, 2013, 09:53:58 PM
If things go as planned, and Megacoin is the first to properly implement Zerocoin, my bet would be on Megacoin. It's definitely too early to make any predictions right now, however. Without something significant happening, I don't think it's possible to predict a clear-cut #3. NVC, NMC, and FTC have been around for a while and are consistently mined which is why their market cap is as high as it is...but none of them really bring anything significant to the table that makes me think there is a chance they truly go mainstream. The same could be said about LTC and BTC, I suppose, but they are simply so well established that they're cemented at the top for the foreseeable future.

I'm not sold on Primecoin nor NMC, despite their innovation, as said innovation does not bring additional value to the coin itself in my opinion. It's like backing money with dirt -- it's backed by something, sure, but is it really better than nothing? Eh...


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: fishy on September 03, 2013, 10:13:51 PM
According to the poll running in parallel, it's Primecoin:

https://bitcointalk.org/index.php?topic=273370.80

(re NVC: not everything is about price, even though Primecoin isn't doing too bad there either)


Agreed, I saw that thread as well!


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Lauda on September 03, 2013, 10:21:18 PM
This is a pretty dumb thread. Everyone will say "nameofcointhatIsupport" without anything real to back it up.
Define sucessful? The coin with the biggest market cap?
LTC, NVC, PXC and so on, will not suceed.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: ranmn7 on September 03, 2013, 10:31:32 PM
Primecoin I believe is the number 3 spot. Especially since its not going to be mined with Asics any time soon.

Successful to me means has long term viability, regardless of what someone defines as its value thru greed, ie market cap, price point etc.. A successful currency is one that becomes accepted across a wide range of industries, and can be used for something other than trading on Cryptsy. I don't even think Litecoin has achieved that yet. But then that's my opinion.

XPM is different from most alt coins, which makes it somewhat unique.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Lauda on September 03, 2013, 10:37:28 PM
at the rate IFC is going at it will be 3rd in no time :)


Which one, the original IFC or IFC2 upgrade version.



~BCX~


If crap like IFC becomes sucessful you get all of my coins and I quit.
IFC2 has potentional due to it's upgrades, but still..


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Tomatocage on September 03, 2013, 10:43:09 PM
ROOOOOOFFFFFFFFLLLL NVC! All it takes is like a 100 BTC sell-off to send the price down to .0001X :D


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: QuantPlus on September 03, 2013, 10:44:40 PM

It won't be PrimeCoin (the prime crunching is just a gimmick)...
But it will be a new Alt launched in the 2nd half of 2013.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bandjhughes on September 03, 2013, 10:45:51 PM
My guess for 3 is PPC (actually I think it will switch places and be #2 with LTC being #3).  Primecoin will be up there too, as will Yacoin, and FTC for the top 6.  But then again, I could be totally wrong.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: ethought on September 03, 2013, 10:56:10 PM
If things go as planned, and Megacoin is the first to properly implement Zerocoin, my bet would be on Megacoin. It's definitely too early to make any predictions right now, however. Without something significant happening, I don't think it's possible to predict a clear-cut #3. NVC, NMC, and FTC have been around for a while and are consistently mined which is why their market cap is as high as it is...but none of them really bring anything significant to the table that makes me think there is a chance they truly go mainstream. The same could be said about LTC and BTC, I suppose, but they are simply so well established that they're cemented at the top for the foreseeable future.

I'm not sold on Primecoin nor NMC, despite their innovation, as said innovation does not bring additional value to the coin itself in my opinion. It's like backing money with dirt -- it's backed by something, sure, but is it really better than nothing? Eh...

+1 for Megacoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: shellbunner on September 04, 2013, 02:59:59 AM
Megacoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: just_me on September 04, 2013, 03:05:11 AM


First of all, the number one coin is the coin that will make me money today.


Therefore the number one coin is a relative matter.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mymenace on September 04, 2013, 03:12:37 AM
The third coin will be the one with the next biggest community

One of the main reasons BTC grew in popularity besides original

Then when other altcoins came out
One of the main reasons LTC grew in popularity - community

my 2 cents


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bholzer on September 04, 2013, 03:15:50 AM


First of all, the number one coin is the coin that will make me money today.


Therefore the number one coin is a relative matter.

Well you can make or lose money on any coin today. CGB has outpaced BTC gains by roughly 75% over the past few weeks. This doesn't mean it's a threat to BTC...but I certainly made more money with it today (literally) than I did BTC.

I guess maybe we're now debating the correct interpretation of the initial question; I thought it was pretty clear.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: BazkieBumpercar on September 04, 2013, 03:29:29 AM
Primecoin, obviously


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: spndr7 on September 04, 2013, 03:30:37 AM
Namecoin, as its been there for a while and you see in volumes daily of turn over.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: r32godzilla on September 04, 2013, 03:36:44 AM
Digital Coin  ;)


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bytemaster on September 04, 2013, 03:37:02 AM
BitShares...  it is the only one that actually innovates on Bitcoin and provides new value such as BitUSD and BitGold assets that track the value of USD and Gold with no counter party risk or issuer.   Unfortunately, it is still a couple of months from launch... but based upon VC investment already has a market cap in the top 5.  


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bholzer on September 04, 2013, 03:46:56 AM
Okay...this thread is officially ridiculous; I'm embarrassed for even participating. Guess I should have realized what it would rapidly deteriorate into.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: pbassjunk on September 04, 2013, 03:50:14 AM
Digitalcoin, and it will supplant Litecoin.

I'd like to see Primecoin succeed (and derivatives, etc), break from the current design of coins attempting to eek value out of energy being spent. It's wasteful and doesn't have any long term merit.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: atomicchaos on September 04, 2013, 04:10:01 AM
The third coin will be the one with the next biggest community

One of the main reasons BTC grew in popularity besides original

Then when other altcoins came out
One of the main reasons LTC grew in popularity - community

my 2 cents

Community, honesty and innovation. We have yet to see a 3rd coin that will make it.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mechs on September 04, 2013, 04:25:07 AM
I think Primecoin will overtake Litecoin, though maybe something better will come along and replace them both!


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: KrLos on September 04, 2013, 04:33:15 AM
Namecoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: 2833043517 on September 04, 2013, 04:35:53 AM
cosmoscoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: viboracecata on September 04, 2013, 05:20:25 AM
NVC


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bholzer on September 04, 2013, 05:35:55 AM
I've got an idea: everybody should just post whatever currency they're most invested in for the next 50 pages or so. That will convince everyone your chosen coin is the best and the value will shoot through the roof!


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: darkproton on September 04, 2013, 05:39:28 AM
Sacajawea dollars


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: sittesreg on September 04, 2013, 10:11:25 AM
CGB


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: cryptohunter on September 04, 2013, 10:47:52 AM
quark or prime - cpu only is good for everyone - shame it's better for the botnets and vps clusters though
anon or cosmos - good idea, cosmos seems to have a good design and always keeps profitable to mine.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: snailbrain on September 04, 2013, 11:05:37 AM
Namecoin:

Oldest (1st Altcoin)
Most Secure (65% Bitcoin Difficulty)
Merge Mined means no extra energy needed when mining bitcoin..
100+ uses
Satoshi Himself had a lot of input :- https://bitcointalk.org/index.php?topic=1790.msg28696#msg28696

+

Chronokings (maybe :) )
https://bitcointalk.org/index.php?topic=262599.0


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Lauda on September 04, 2013, 05:04:04 PM
This is a pretty dumb thread. Everyone will say "nameofcointhatIsupport" without anything real to back it up.
Let me leave this on this page too.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: YourCoins4me on September 08, 2013, 05:07:45 PM
It must be Novacoin.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: dir2005 on September 18, 2013, 12:29:20 AM
Novacoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Gorgoy on September 18, 2013, 12:45:43 AM
YACoin, what else?  ;)

I absolutely agree, it will be YACoin.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: iGotSpots on September 18, 2013, 12:47:55 AM
NVC is the 2nd coin at price. 3rd LTC

CPR is worth more for 1 full coin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: super3 on September 18, 2013, 12:55:20 AM
Primecoin with a little time. It just broke two more world records this week. Note that EFF has $150,000 and $250,000 reward for certain primes, not to mention the national attention when(not if) this happens.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: statusd111 on September 18, 2013, 09:39:51 AM
WDC is real winner and success!!!!!


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Professor James Moriarty on September 18, 2013, 09:45:55 AM

 Zimbabwean dollar , its kinda like alt coin anyways.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: spoid on September 18, 2013, 09:50:59 AM
Primecoin with a little time. It just broke two more world records this week. Note that EFF has $150,000 and $250,000 reward for certain primes, not to mention the national attention when(not if) this happens.

are we finding new primes?


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Oldminer on September 18, 2013, 09:58:41 AM
Redcoin imo...has the best Dev and will be accepted currency on 5,000 pron sites shortly  ;D


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: super3 on September 18, 2013, 05:23:03 PM
Primecoin with a little time. It just broke two more world records this week. Note that EFF has $150,000 and $250,000 reward for certain primes, not to mention the national attention when(not if) this happens.

are we finding new primes?
Yup. We have broke 4 world records so far I believe.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mechs on September 18, 2013, 05:53:19 PM
Primecoin with a little time. It just broke two more world records this week. Note that EFF has $150,000 and $250,000 reward for certain primes, not to mention the national attention when(not if) this happens.

are we finding new primes?
Yup. We have broke 4 world records so far I believe.
We have broken 20 world records but not for finding new primes.  We are finding cunningham chains and bi-twin chains.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: AGD on September 18, 2013, 06:01:28 PM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mechs on September 18, 2013, 06:21:32 PM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bholzer on September 18, 2013, 06:34:21 PM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mechs on September 18, 2013, 06:38:45 PM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.
It was not built to be GPU inefficient.  It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner.  Making the GPU miner from scratch is difficult.  There is one now actually made by mtrlt but it is inefficient and requires much more optimization.
Why do haters gotta hate?


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: frobley on September 18, 2013, 06:41:37 PM
Ferretcoin


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: ashaw596 on September 18, 2013, 07:38:39 PM
PPCoin of course.
First one with a proof stake and proof of work.
Currently the third (or fourth) highest market cap.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bholzer on September 18, 2013, 09:49:57 PM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.
It was not built to be GPU inefficient.  It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner.  Making the GPU miner from scratch is difficult.  There is one now actually made by mtrlt but it is inefficient and requires much more optimization.
Why do haters gotta hate?

I'm not hating -- as a currency, I don't have any issues with it. I'm just saying that, in its current form, Primecoin is a pretty inefficient way to discover prime numbers...so while the "prime" aspect of it makes it different...it's really more of a gimmick than anything. I'm not suggesting nobody mine it...but it's not really the dual-purpose knockout punch many would like people to believe.

I welcome anything different...but I think the hype has gone a bit far on Primecoin. In my opinion, it's being billed as something more than it truly is.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bcp19 on September 18, 2013, 10:52:57 PM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.
It was not built to be GPU inefficient.  It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner.  Making the GPU miner from scratch is difficult.  There is one now actually made by mtrlt but it is inefficient and requires much more optimization.
Why do haters gotta hate?

I'm not hating -- as a currency, I don't have any issues with it. I'm just saying that, in its current form, Primecoin is a pretty inefficient way to discover prime numbers...so while the "prime" aspect of it makes it different...it's really more of a gimmick than anything. I'm not suggesting nobody mine it...but it's not really the dual-purpose knockout punch many would like people to believe.

I welcome anything different...but I think the hype has gone a bit far on Primecoin. In my opinion, it's being billed as something more than it truly is.
I think Sunny pulled a rabbit out of a hat with this one myself.  One of the key things about his approach is that it is something has has not been worked on much and therefore there is no pre-completed work that someone could figure out how to insert into the program.  I wondered early on if his work could be used on other distributed computing projects, but the problem with a lot of them is that so much work has been done that it's hard to establish proof of work.  It'd be too easy for someone to just copy already completed work and submit it for instant credit.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: bahamapascal on September 18, 2013, 11:14:45 PM
 CGB (cryptogenicbulion)...though it will move to 2end successful coin;)


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: erk on September 18, 2013, 11:19:48 PM
It's not very hard to tell, just go to BTC-e and click on each coin pair to see which has the best daily trade volume, do that for a week or two and you have your answer.

If you want to pick the winner in the next tier, then do the same procedure on Cryptsy.



Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mechs on September 19, 2013, 01:17:15 AM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.
It was not built to be GPU inefficient.  It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner.  Making the GPU miner from scratch is difficult.  There is one now actually made by mtrlt but it is inefficient and requires much more optimization.
Why do haters gotta hate?

I'm not hating -- as a currency, I don't have any issues with it. I'm just saying that, in its current form, Primecoin is a pretty inefficient way to discover prime numbers...so while the "prime" aspect of it makes it different...it's really more of a gimmick than anything. I'm not suggesting nobody mine it...but it's not really the dual-purpose knockout punch many would like people to believe.

I welcome anything different...but I think the hype has gone a bit far on Primecoin. In my opinion, it's being billed as something more than it truly is.
I'll try one last rebuttle.
Primecoin miner was never meant to find new prime #s (it theoretically could but highly improbable).  It is meant to find cunningham chains and bi-twin chains.  Why are these useful?
1. It helps to advance prime number theory
2. Has uses in cryptography
*3. Much like Bitcoin has led to the creation of ASICs for SHA256 and more efficient ways to solve SHA256, if primecoin were to become popular, then effort would be put into making hardware optimized for find prime numbers and chains of prime numbers. Creating more efficient circuit designs for numbers research has scientific merit far beyond just finding chains of prime numbers.  Primecoin provides a motivation for such research.

There may very well be more useful PoWs, just noone has come up with one which meets the dual criteria of being difficult to compute but easy to verify which is required for a bitcoin-like coin.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: CoinHoarder on September 19, 2013, 01:30:39 AM
It's not very hard to tell, just go to BTC-e and click on each coin pair to see which has the best daily trade volume, do that for a week or two and you have your answer.

If you want to pick the winner in the next tier, then do the same procedure on Cryptsy.
This is a good method to find out the current flavor of the week, but it is not a good method for finding long term cryptocoin investment opportunities. Use your own brain and do your own research on all these ALT cryptocoins, otherwise you are nothing more than sheeple.

To the OP: I can guarantee you every single person that posted ITT has a special interest in the coin they suggested. Do not ask to be spoon fed investment advice, otherwise you will be fed whatever suits the adviser best. This does not mean that their advice is right or wrong, but you need to take it with a grain of salt.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: ronimacarroni on September 19, 2013, 02:05:18 AM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.
It was not built to be GPU inefficient.  It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner.  Making the GPU miner from scratch is difficult.  There is one now actually made by mtrlt but it is inefficient and requires much more optimization.
Why do haters gotta hate?
I think finding primes requires a cpu.
CPUs are meant for more complex calculations, whereas gpus are meant for parallel simple calculations, like pixels or bruteforce.
Otherwise a computer would only have a gpu.


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: mechs on September 19, 2013, 02:18:13 AM
This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography.  Besides, Primecoin such a snazzy name.

The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion.

The dev team went out of their way to make Primecoin less efficient.
It was not built to be GPU inefficient.  It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner.  Making the GPU miner from scratch is difficult.  There is one now actually made by mtrlt but it is inefficient and requires much more optimization.
Why do haters gotta hate?
I think finding primes requires a cpu.
CPUs are meant for more complex calculations, whereas gpus are meant for parallel simple calculations, like pixels or bruteforce.
Otherwise a computer would only have a gpu.
I think you might be right.  I think the ultimate primecoin miner may be a parallella.
http://www.kickstarter.com/projects/adapteva/parallella-a-supercomputer-for-everyone/posts/547314


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: Magic8Ball on September 19, 2013, 09:50:06 AM
PXC is a candidate.Trolls tried hard to kill it. But failed badly. :P
;D


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: matt608 on September 19, 2013, 10:03:40 AM
DVC - Devcoin will rise!


Title: Re: Which Alt coin will be the 3rd successful coin?
Post by: 8hobits on September 19, 2013, 10:06:59 AM
CGB by @elambert!