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Which of the cryptonote coins has the most hash rate at the moment?
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never mind, figured it out
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An extremely biased review from someone with a lot of vested interest towards Bitcoin.
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Confirm. Withdrawals not working, 12+ hours.
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No, in fact, I know you are wrong.
I am betting on it and have put my money where my mouth is. I am heavily invested in Bitcoin and do not own a single alt coin. Talk to me next year at this time and we will see who was right. I expect I will have made a tidy profit and, assuming you are investing in these fly-by-night coins, you will have lost.
List all the coins you are heavily invested in here:
Ok, Dogecoin, NXT and Myriadcoin. Hopefully I don't forget this thread next year around this time. If I do and you don't please give me a friendly reminder  |
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If half or more of the hash rate is down for some reason, how long would it take to find blocks with such a slow adjusting difficulty?
This is not a hard question to think through. Assume we lose 1/2 of all our hashing power - let's call this the "worst case scenario" The average confirmation time would double from 10 minutes to 20 minutes. The adjustment period would go from about 10-14 days to 20-28 days. The network would adjust in about 20-28 days and we would be back to 10 minute confirmations. Although a bit of a PITA for maybe a month this is certainly not anything I worry about and remember this is the worst case scenario. Well, if this is all accompanied by the press that other crypto currencies are doing ok and Bitcoin is flawed by design, don't you think people would start dumping their Bitcoins and joining other cryptos, because they have those 2 issues sorted unlike Bitcoin? I mean the worst case scenario (which can be worse than half the hash rate by the way), can turn even worse, as when the price drops due to investors leaving, miners would be leaving too, hence hash rate drops even more, that'd be a vicious circle. I am not spreading fud here, just trying to raise awareness that without flexibility of miners and developers this is an accident waiting to happen. You can put your heads in the sand as long as you want, but you know I am right. |
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Right. That's why I don't expect great ideas to be easily or at all incorporated into Bitcoin code.
Changing mining algorithms is not necessary for Bitcoin. The network hashing power is way to big right now for a quick 51% attack. There are other ways to prevent that from happening, so why would we change the mining algo and destroy a large part of our hashing power? I believe that they will implement great idea's, just not new mining algo's. Imagine a scenario where the biggest 3-4 easily identifiable mining pools/large mining farms are targeted by a large enough power. What happens then? The network is crippled and can't function properly or at all. This would not be possible if there were more than one independent mining algo. How about the difficulty adjusting not every 10 days but after each block. That's another good idea. Will they implement and accept it? Probably not. If half or more of the hash rate is down for some reason, how long would it take to find blocks with such a slow adjusting difficulty? |
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If someone comes up with a great idea it can always be incorporated down the road.
Yeah, I keep hearing this. But I don't think it works in practise. Just one example: someone came up with a good idea to run a few independent mining algos in a coin (Myriadcoin does this) to get rid of 51% attack concerns. There is no way Bitcoin miners who invested millions into ASICs will agree to switch to a hard fork even if bitcoin developers release the new bitcoin code with a few independent mining algos. So basically, miners control what they think is a good idea or not, not users. Of course not, the miners also secure the network and spend a lot of money to do it. Free people in free markets will always act in their own self interest. That is the nature of commerce. To expect a group of people to agree to destroy their own investment is not logical or rational. Right. That's why I don't expect great ideas to be easily or at all incorporated into Bitcoin code. |
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What is the minimum Android version required? I have an older phone I want to try it on. |
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If someone comes up with a great idea it can always be incorporated down the road.
Yeah, I keep hearing this. But I don't think it works in practise. Just one example: someone came up with a good idea to run a few independent mining algos in a coin (Myriadcoin does this) to get rid of 51% attack concerns. There is no way Bitcoin miners who invested millions into ASICs will agree to switch to a hard fork even if bitcoin developers release the new bitcoin code with a few independent mining algos. So basically, miners control what they think is a good idea or not, not users. |
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You come to a supermarket and you see different brands of meat. You don't mind that, do you? Same applies here.
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Dogecoin will be #2 this year.
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What's going to happen at the Brasil championship?
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Everybody stampeding into bitcoin, selling all altcoins across the board. Perfect time to buy into Dogecoin, because once a lot of new money has entered Bitcoin seeing its rise, this new money will seek some diversification and it will take just a trickle to raise other altcoins. It's always like that, Bitcoin rises, new money joins the party, seeks diversification, buys into altcoins. Rinse and repeat. Mind you, this will take weeks/months, so get some patience.
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Fundamentals have been negated by the number of coins. 300 million coins in circulation - dump fest. Difficulty on 5 algos hard to maintain due to lack of profitability. Coins easely mined - dump fest. I pray to God we live to see another pump.
The growth of the number of coins is predictable and has been predictable since day 1. This is the same with any crypto currency. I have no idea what you're talking about here. If you know the coin's specs, you can predict how many coins will be in circulation at any month or year, no surprises here. |
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The innovation behind MYR is what got me interested however the number of coins in cicrulation/per block/per algo has negated all the positives. There are almost 300 million coins in circulation. Impossible to sustain the price. To those doing kindergarten maths and claiming only 14BTC is required to sustain price read my posts posted couple of weeks ago.
The number of coins per block/per algo hasn't been changed since its launch. The innovation remains, this is still the only coin with 5 independant algos. So what changed since you invested? Nothing. Except you lost patience. But that's not the coin's problem. I invested (not a lot, might add more later, certainly not sell) because of innovation too. That remains intact. EDIT: current short term trend, people dumping all altcoins and rush into bitcoin, that will pass, don't be affected by madness, stay put in Myriadcoin, fundamentals didn't change. |
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I;ve started off with 1 mil, sold and bought couple of times. Not made a single satoshi profit, holding all in coins. I swear to God, on next pump i cash out. I am sick of the kids here.
Just one question to you. Why did you buy Myriadcoin in the first place? Why did you choose it from dozens of others and what exactly changed since then? |
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Any coin with an intelligent community and developer. This thread screams KIDS and CLOWNS. I remember MYR launch, the developer could not explain/did not bother how the algo works for days, as if he did not code it himself.
Anyway, coins i would buy now if i could sell my 4 mil myr for 40btc :
XPM
DRK
Have you had any issues with the software? I mean, the developer could have been busy back in early days coding, to make the software function as intended, not much time to spend on the forum. If yours is just a short-term view, and you want the price to rise quickly and complain each time it doesn't go where you want it to go, I think you'll lose money each time when you trade, doesn't matter what you trade. |
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Such coin, such price.
Back to 300 satoshis by the end of the day - back where it was 2 months ago.
Cant wait for another pump - if it ever happens - to dump this shit once and for all
Dump it and buy what instead? Bitcoin, that is being centralized more and more each day and will soon be regulated to death by gubermints, because they will hold big miners by the balls, and which is just too rare to become an every day internet crypto currency. Or just dump for fiat? And then do what with fiat? Sit on it, while they're printing more and more of it and it's losing value, a few percentage points each year? Or buy some crap you don't need in the first place, pushed to you by marketers? Just tell me, I might consider some choices as well, if they are good. |
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Maybe "New Proof-of-Stake algorithm." = Transparent Mining You need to remeber BCnext is in stealth mode. I am just adding my own speculations – it’s very fun you should try!  It's only wild guesses about BCNext's relation to Qora. I wouldn't make such deep assumptions and just stick to facts. |
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