I wonder how even Ripple could of been second after bitcoin and litecoin 3rd? Litecoin is much better then ripple in all ways. So how could it even happen.. But past is past, Litecoin is in his place now.

Thanks for the reply.  Not sure what FPGA means.  Let me know and I will get back with you.

Dozens of AX1200's for GPU's.  Years of flawless service at 20-110% load.

IBM server PSU's for gridseeds, antminers, etc.

13.12 and beta doesnt work, manually installing amd sdk doesnt work, CGWatcher list the card as INACTIVE.

My apartment building has a computer room of 6 desktops and a Laptop. Since these are free to use I wondered if I could mine some small altcoins at night for some spare btc. But I am new to mining(the specifics), I don't know the brand of the computers or their specs but they are around 3 years old. Ive been watching and trading bitcoin for almost a year now so why not utilize idle computing power? Any and all advice is greatly appreciated.

Different, yes, but Coinbase is a good example of using a reversible payment method to transact with an irreversible one. It allows instant ACH purchases of Bitcoin, which carry a risk too, and it uses credit cards for backup.

I don't want LeaseRig to become anything that would jeopardize it's primary purpose, and I think I made it clear that my response was to the statement that accepting credit cards and/or USD "defeats the purpose". It doesn't defeat the purpose if it's done properly, it can actual enhance the appeal of crypto currencies, which is a good thing. LeaseRig doesn't need to do this by itself if it detracts from serving its primary purpose, they can use a payment processor like... er... Coinbase?

LeaseRig can shield providers from this risk and there are ways to deal with it if not completely avoid it, i.e. use the full scope of security measures provided by the card issuers, verify buyer's identity, limit amounts etc. If Coinbase can sell BTC that way I'm sure it is possible to work this out. It would be costly though and would probably have to involve an extra fee, so the question is whether there would be enough demand for that.

My scammer radar went over nine thousand after just this xD xD

The devs of most alts are greedy and selfish  because the community is greedy and selfish. If most people here were honest and good, we would have honest coins. The crypto world is the Wild West.

Blackcoin! Not exactly the same, but better

How so? Someone would be paying USD to mine coins, effectively exchanging USD into cryptocurrency. Nothing wrong with that.

Thanks a lot, interesting replies. So say for example, a Dev had a pre-announcement but only gave the coin specifications, no future plans with a poor logo and then launched at a normal fair time. He had a lot of plans already but decided not to mention them. People would mine only with that information in mind. Then week by week the dev implemented some of his ideas. Updated it every week, slowly building value and community features into the coin. He then started updating the thread with his future plans, goals and timelines including updates he was making. In that same time frame he mined his coin enough to get some bounties going and a decent stack for himself, nothing crazy but he was trying to get a good chunk. Would this be considered a fair launch? Considering the value that is being given to the coin is from the Dev himself but slowly released in a manner which helped his poor mining rate?

I think the zero premine argument is BS. I'm sorry but do you work for free? No? So why do you expect others to do so? I think a reasonable pre-mine is more than fair if the developer is going to put in a lot of work and maintain the coin and not just dump them and disappear (like many have.) Maybe a better solution is that the devs should provide the address the pre-mine coins are in and everyone can track them.

Honestly when fyrstrikken said he was going to change CryptoRush and add a requirement that devs provide a deposit equal to the amount they pre-mined, I thought it was a great idea. (I know he turned out to be a douche but that's besides the point.) We need some kind of way to prevent devs from dumping and running.

Thanks for the replies. Concesus is 0% premine . Now my next question is how do you determine when a coin has had a fair launch? If he posts it on a crypto forum? Does it need a pre anouncement? Does he have to post it on btcointalk? or are a few other smaller forums are all thats needed?

What I'm getting at here, does this mean any decent dev should really invest into some mining gear? For example say a dev has put considerable time, money and effort into his coin and he wants to start offering bounties for community engagement. He now posts up his amazing coin and development plan, anounces it as many places as possible to make sure all know its fair. Goes to start mining and the difficulty is so high he can barely get coins for himself to pay for development or bounties compared with miners.

I'm not trying to justify a premine but I'm curious to know how most devs do this? Do they hide the worth of their coin earlier to stop miners mining easy coins at the start?

I think that's mostly a US problem currently. I've never heard something as stupid as needing patents to take seeds from plants, lol.
Also, a plant derived from a seed will not be the same as the plant it derived from, and that's the way nature created it.
But I guess it's a good idea with open source plants to stop patents and stuff lol!

Hundreds of scammers have sufficient funds.

But they run away anyways.

So , you need to not only prove that you have sufficient funds , but you must put some of those funds in an escrow or give them to the lender.

That is what collateral is.

You will not get a loan without collateral.

If you are capable of making .02 a day, wouldn't that negate the need for this loan?
Anyways, I'll consider it upon hearing from you further.  Post your address in this thread;
a PM has been sent notifying of you of my post here as well.

0.0055 or 0.0060