If people here were actually any good at math they probably wouldn't be here in the first place.


Sent 1 MOON

What the fuck. I'm seeing that too, minus the ads (Adblock I guess).

Lucky I already withdrew ~120k. I wonder if it was actually hacked/defaced or if they were trying to update the site during the Mooncoin launch? If so, they couldn't have picked a worse time.

Oh I finally got to see my stats on Multipool.

50k confirmed and another 82k unconfirmed at a combined total of a mere 377KH/s (that's with my shitty 670, i5 2500k and three Azure servers). Not bad in my opinion.

Though I have no idea how much that will be actually worth, but I'm gonna keep going anyway.

Hmm.. I haven't been able to access Multipool for almost 2 hours now. My browser just says 'No data received'.

Catcoin had an even worse launch and look where it is now.

I think I can safely say I'm going to stick with Mooncoin for a while.

It's working pretty well for me with Multipool now, thought the site itself is still dead.

Also it seems difficulty has already spiked to 16.

3358

If previous coins have taught me anything, giving up on a new coin at the very first sign of trouble is something that you'll just end up kicking yourself over.

Multipool's Mooncoin address is stratum+tcp://pool1.us.multipool.us:3358

Actually I also wonder if you have to declare income or pay taxes from BTC trading (though it might be different for me since I'm Australian).

GPUs are still the best way to mine Scrypt, I'm doing just that with Dogecoin and Catcoin (Dogecoin is already out of the reach of CPU mining unless you've got a high-end CPU or multiple computers). Though there are a few coins that can only be mined with CPU really (I believe Primecoin is one).

With the lack of any Scrypt equivalent of ASIC miners, higher-end AMD cards are the only real way to mine most Scrypt coins. Even with my overlocked GTX 670 and i5 2500k I'm now struggling to reach a combined 350KH/s (with the CPU contributing a whole 27KH/s or so @4.7GHz).

I'm focusing more on Dogecoin at the moment (and perhaps Catcoin when it eventually gets onto an exchange, mining a few Catcoins now while the difficulty is low).

Depending on how it pans out I may start buying BTC and trading a little more seriously.

People laughed at Bitcoin when it first started out as well. Granted it wasn't based on a meme, but the meme factor may be exactly what keeps Dogecoin (and even Catcoin) going. Dogecoin has introduced a ton of people to Cryptocurrency that otherwise wouldn't have even wanted to know about it. I myself wasn't really interested in Bitcoins or any of the other coins until Dogecoin started up (even though I'm not a fan of the Doge meme), but now I actually understand some of the concepts behind Cryptocurrency.

Even if Dogecoin and other meme currencies only last for a short period, they'll still manage to bring an influx of new people into the community. And ultimately that's probably all that matters. Bitcoin and Litecoin are too mature and too wrapped up in their own desire to be taken seriously to attract many new people.