Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: nzminer on May 17, 2014, 12:52:22 AM



Title: Why has vertcoin risen back up?
Post by: nzminer on May 17, 2014, 12:52:22 AM
From what i was reading, it is the ultimate scam instamine coin, yet i see it has gained ground?
Does this show that even scamcoins have a future? ???


Title: Re: Why has vertcoin risen back up?
Post by: balu2 on May 17, 2014, 03:43:13 AM
your fault if you listen to paid shills. Every single one of these coins is 'instamined' including btc. What does that even mean?


Title: Re: Why has vertcoin risen back up?
Post by: micryon on May 17, 2014, 04:38:08 AM
I mined the first few blocks of VTC, on my laptop CPU.. solo..

so didn't feel like an instamine to me.


Title: Re: Why has vertcoin risen back up?
Post by: jwinterm on May 17, 2014, 04:58:44 AM
I mined the first few blocks of VTC, on my laptop CPU.. solo..

so didn't feel like an instamine to me.

I wasn't solo mining, but I still mined quite a few vtc back in january.

Vertcoin seems to be one of the most fairly distributed major altcoins out there. Check out http://bitinfocharts.com/ and look at the percentage of coins owned by the top 100 addresses; vtc is the only one with a market cap of $5M that is under 40%, and most are over 50%.


Title: Re: Why has vertcoin risen back up?
Post by: Svener on May 17, 2014, 05:02:43 AM
I am liking Vert, Noble, DRK and Guldencoin(1st non shit/scam) country coin.


Title: Re: Why has vertcoin risen back up?
Post by: nzminer on May 17, 2014, 05:22:45 AM
I never bothered mining it, because my videocards gave such a poor hashrate compared to scrypt and the difficulty seemed to rise pretty quickly. I may buy a few just in case, but there are so many coins i cant invest in them all.

I was reading that the developers had bascially used a huge mining farm to cash in at the start and then they dumped them all?