Thanks for the interesting responses. To clarify, I know there are a lot of bad altcoins. I was asking why good (as far as we can tell) altcoins fail, and I think there are a few examples of that. However, since there are not "boards" like in a corporation set up or even a consensual rule that altcoins should have a board addressable by the public, it's hard to know who these people are what their motives are. It would be good to know the "good" coins that have devs that are able to communicate on a weekly or even daily basis like most normal folks can.
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Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.
Do you have any examples in mind? I would guess that most are unique when released, then slowly become overwhelmed by clones and then newer faster, better alts. Alts are basically a big pump and dump scheme anyway. That isn't to say that some of them aren't good projects, but one people are done pumping them and dumping them for profit, the interest in them slowly fades away. I think Earthcoin looks good. They set up a huge network at one time, as can be seen in the merchants section of their website. You can still mine it and there is a decent marketcap still for it.
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Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.
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All aspects of investing are in some way related, from collectibles (such as books), to stocks, to cryptocurrency, to forex. Value investing is a good thing to study, it basically says something is long term financially worth what values/value it has. Gambling doesn't really ever help anyone financially but people trying to make affiliate commissions/signature campaigns, or the casinos themselves. One out of a million will win a lottery big enough to cover all the other tickets they buy. I'm not saying it's not fun, but it's not like investing in its essence, just some things are related.
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How do we tell OCminer when other coins in the pool go down. The EAC pool seems down. Is there a general thread? PM without needing a response? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) you can just message me too if you like https://eac.suprnova.cc ? what problem have you got, it seems to be okay for me Not getting accepteds.....no earnings seem to be passing into confirmed after a long time but blocks are being found. Cgminer hangs on Network diff set..... Note: Working now.
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How do we tell OCminer when other coins in the pool go down. The EAC pool seems down. Is there a general thread? PM without needing a response? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I thought it was 40 before that. Well, any value will do, people love finding associations where there are none.
Got a good chuckle outta that one, Con...that's a concept I had a helluva time getting my grad school students to grasp in Research Methods. Applies everywhere. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) In that case you'll get a kick out of this site: http://tylervigen.com/spurious-correlationsIt might even teach people about the alleged hashrate luck correlation of this pool too. There are a couple of books written by the same people, one is called The Journal of Irreproducible Results: Selected Papers, which are faux academic research studies which look exactly like the real thing. They once had a website not sure if it's still there.
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Well, I've been looking at SHA256 and Scrypt coins now for a while, trying to find which one to get behind, and so far, it's easiest, with the best reward with the best pool in my opinion to mine Earthcoin. Also, the infrastructure and amount of work involved in creating Earthcoin mini-economic ecosystem must have been huge. Of course, not knowing what it takes to really create a viable business network, people must have been fudding it for a long time. I don't know anything about the team or the details of the history, but it looks like something went wrong about a year ago so now many of the companies that are here: http://getearthcoin.com/business-and-trade have pretty much vanished. I would suggest removing them ASAP and starting over on that page, because coins are made to be spent. Small looks better than dead. Also, some kind of development report should be given in this thread, kind of like minutes of a board meeting. Who is in charge, preserving anonymity if desired, but how can we know putting effort behind this coin will be worth it?
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I'm not a fan of gambling by itself, but instead as a way of studying and learning about other things. For instance, I'm sure that if elderly people kept playing card games, it would help keep their minds alert. Studying poker involves studying human nature and probabilities. There are other aspects like studying risk in gambling, which is like studying risk in investing.
Does anyone have any examples of how gambling is like investing?
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Thanks, I'm just mining it now a little at suprnova. I won't need a wallet/address right away.
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Sorry if this was asked before but when a thread has 1049 pages, doing your homework can be a bit tiresome. I even googled it and didn't find it. How long does it take for one's account to be registering in the CKPool? My Kano.is account is also just about 2.5 hours old now. I did everything that I understood it said, like creating a worker for each machine but I didn't seem to be getting any readings on pool interface, just in the text box area it said I was mining and getting shares and my hashrate. I am pointing my antminers to http://stratum.kano.is:3333, using btc addresses with _worker1, _worker2 I didn't register anything else on the pool interface, usual sign-up log in procedures. There appears to be an issue with the iphone application at the moment: https://bitcointalk.org/index.php?topic=1344360.msg16877188#msg16877188Sorry, I was reusing a post on the monitor thread. This is just about first time user hookup in an Antminer s3....it seems to be registering but not with the website interface and not with other apps like the CKPool Monitor. I've edited it to make it more appropriate. Also from the front page, if you want to see user stats when you only register with a BTC address and not a username: If you mine only with a bitcoin address you can view user and worker stats: e.g. http://www.kano.is/address.php?a=1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmbhttp://www.kano.is/worker.php?a=1KanoiBupPiZfkwqB7rfLXAzPnoTshAVmb_workerRegistering a username will allow you to see more details on the web site. Maybe my problem yesterday was that I did both, I created a username, but didn't use that in my Antminer set-up. I used my BTC_workername. But that doesn't make sense, unless you really can't use your BTC name if you have an account username also set up.
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6 RX 480 Sapphire 8GB gives 735 S/s on optiminer zcash on ubuntu system ~ 13,8$ per day.
So, as time goes on, with the price remaining the same, it would earn even more?
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I really do think you could double $100,000 by taking highly trained collectible dealers to thrift shops, and then hiring people for minimum wage to list these things at the cheapest possible prices where one would still make a profit and be able to keep spinning the profit cycle by buying more things and paying payroll.
It's possible but it will take a lot of time. Because you still have to find these people that who can be trusted to help you out on your way to success. And remember there are risks you'll be taking since your going to let go of your $100k for investment. I think the key word is possible and I'm glad you agree with me. In most things mentioned it is not possible. There is a great set of books called Market Wizards and More Market Wizards that show that trading does work for a certain type of person, but from what I understand probably less than 10% of people can trade without losing their money. These aren't my figures: https://www.quora.com/Do-90-of-day-traders-lose-money
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I really do think you could double $100,000 by taking highly trained collectible dealers to thrift shops, and then hiring people for minimum wage to list these things at the cheapest possible prices where one would still make a profit and be able to keep spinning the profit cycle by buying more things and paying payroll.
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What happens if someone points an Antminer S3 at a Curecoin pool? How many coins would one mine per day?
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I just rechecked the settings and its now at 273.54 Gh/s.
and a few minutes later now 718.03 Gh/s. I'm not worried just wonder what the pool mechanics are that do this and that it's not on my side but something happening at the pool.
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I just noticed at my pool I'm getting 923.18 Gh/s from my Antminer S3 and S1. I got them used and I don't know about any overclocking settings on them. The Gh/s should be around 575 to 700. I'm using Eliguis for the pool.
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uhmm, so lbry worth nothing right now? Can remember it use to worth $2? during the peak moment
I think when they write a book of the history of the early altcoins, this will be an interesting chapter.
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Hmm... looks like for some reason the core database didn't accept your latest signed options, so it's still looking at an older higher minimum payout setting.
I'll correct this and make sure you're in the next payout.
Oh, so that's not something that is happening to everyone? Could you check and see if mine has the same issue? I've changed my minimum payout a couple times and I always seem to get the same message for an extended period of time.... I actually reduced my payout amount again because I was hoping it would actually get me into the payout queue but I always seem to still sit with that message for a long while..... I was never overly concerned about it because I always do get payed but thought it was odd. My stats page is http://eligius.st/~wizkid057/newstats/userstats.php/17cGThFYDLMnG4yHcZZm2yy81c6iToCJU3Thanks! The minimum payout for this pool is still .05? That will take an Antminer S3 about three months to reach. You can lower the payout to: 0.01048576 on this page: http://eligius.st/~wizkid057/newstats/mystats.php?cmd=optionsThank you.
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Hmm... looks like for some reason the core database didn't accept your latest signed options, so it's still looking at an older higher minimum payout setting.
I'll correct this and make sure you're in the next payout.
Oh, so that's not something that is happening to everyone? Could you check and see if mine has the same issue? I've changed my minimum payout a couple times and I always seem to get the same message for an extended period of time.... I actually reduced my payout amount again because I was hoping it would actually get me into the payout queue but I always seem to still sit with that message for a long while..... I was never overly concerned about it because I always do get payed but thought it was odd. My stats page is http://eligius.st/~wizkid057/newstats/userstats.php/17cGThFYDLMnG4yHcZZm2yy81c6iToCJU3Thanks! The minimum payout for this pool is still .05? That will take an Antminer S3 about three months to reach.
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