Most Alt coins are completely pointless and just poor replicas of what's already out there with little to no improvement.
The second quotation explains why, very few actually do something new. Most coins are just a slight tweak of BTC or LTC then a new name is given to it.
As long as you can trade across the digital currencies, they're all basically an extension of Bitcoin. Notice how Bitcoin dropped $40 right after Feathercoin moved onto exchanges for trading? Alt currencies are a slick way to dilute Bitcoin.
It's easy if you know those are the rules. I couldn't find this forum or anything that said 4 hours of browsing/ 5 posts for three days cause I was reading all the cool discussions above this forum. I finally find this folder after scrolling.
It took me three days to find this board. Finally.
It would be great if this board was moved up to the "Bitcoin" section of the message board, so Newbies will SEE it. I was interested in all the talk going on towards the top of the message board, and had no idea I had to scroll down to discover the Newbie section.
True that. It is kind of discouraging when you can only mine .00001 of a bitcoin. Mining a whole Litecoin or something is much more satisfying.
Absolutely. And if you're starting with a cpuminer or small gpu, the transaction fees can really take a bite. Smaller value coins automatically have smaller fees - or at least you can cash out quicker and feel like you're accomplishing something, even if it's in millipennies.
Almost all of the alt-coins are there are going to be a waste of time. They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.
Be careful about wasting time with too many alt coins.
Agree, but it is more satisfying to be able to mine whole coins for newcomers, who often don't have much of a setup or GPU. I love the alt coins. They're fun (even if just for now).
Took me quite some time to even find this board. The rules wouldn't be so bad if they were posted in a FAQ page linked to the menu so us newbies know what to do. I'm still looking for a reply button... Do you have to quote a post? Is that the only way to reply?
I see several threads at least made every day about how to get out of newbie status and similar things because of the requirement of being online for at least 4 hours while posting at least 5 posts. I was wondering is it really that hard to get out of newbie status?