Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: btcgolong on August 31, 2011, 01:56:25 PM



Title: Alternative coin question
Post by: btcgolong on August 31, 2011, 01:56:25 PM
I'm new to bitcoin and I like everything about it, except for the fact that I wasn't mining coins 1 year ago, which leads to my question; Should I be mining any of the alternative coins?

I do not want to undermine bitcoin, but I do want to "hedge my bet" so to speak, so I am wondering which other coin system should I have alongside bitcoin?








Title: Re: Alternative coin question
Post by: freequant on August 31, 2011, 02:29:25 PM
Should I be mining any of the alternative coins?
I do not want to undermine bitcoin

Congratulation, you just coined a new meaning for "undermining" ;)


Title: Re: Alternative coin question
Post by: Lupus_Yonderboy on August 31, 2011, 02:59:56 PM
Heretic! How dare you mention any other currency than that most holy of blockchains, Bitcoin (blessed be its name)...
[/snark]

Go see this topic (https://bitcointalk.org/index.php?topic=40476.0), there is a pool (Coinotron) that will automatically switch your miners to the most profitable coin. A good idea, although I have not used the service myself yet. Hope it helps



Title: Re: Alternative coin question
Post by: Syke on August 31, 2011, 04:36:27 PM
I'm new to bitcoin and I like everything about it, except for the fact that I wasn't mining coins 1 year ago, which leads to my question; Should I be mining any of the alternative coins?

I do not want to undermine bitcoin, but I do want to "hedge my bet" so to speak, so I am wondering which other coin system should I have alongside bitcoin?
Think of pool-hopping, but now with chains. If you want to maximize profit you should chain-hop. Hop to the chain with the highest BTC profit. Then when it drops, exchange your other coins to BTC and switch to the next chain.


Title: Re: Alternative coin question
Post by: Greydon Isis on July 14, 2013, 01:10:05 AM
I'm new to bitcoin and I like everything about it, except for the fact that I wasn't mining coins 1 year ago, which leads to my question; Should I be mining any of the alternative coins?

I do not want to undermine bitcoin, but I do want to "hedge my bet" so to speak, so I am wondering which other coin system should I have alongside bitcoin?









DGC looking like a winner~~~


Title: Re: Alternative coin question
Post by: vintagetrex on July 14, 2013, 01:21:46 AM
Yes, you should be engaged in mining all 3 of Anarcorp's mining networks.  Use extra memory to store the claims you like,  take advantage of the anonymity/pseudonymity provided and submit your favorite movies/songs/etc, use your extra processing power to perform the traditional mine and help secure Anarcorp's transactions. 


Title: Re: Alternative coin question
Post by: Redcoin on July 14, 2013, 02:16:13 AM
you need ASIC to mine bitcoins, if you are looking to make money from GPU mine alts and trade them for BTC

check out Redcoin


Title: Re: Alternative coin question
Post by: cheszoul on July 14, 2013, 02:20:05 AM
check out coinwarz.com, should answer all your questions