all alt coins are putting a lot of inflationary pressure on btc.
How many of the alt coins can be turned to dust by a couple of Jupiters?  All the ones that use SHA, but most use Scrypt. Common , you've go my point. Also there will be some asic coming for scrypt soon. I can't help myself laughing of all the tears in the eyes of the "asic proof" believers. |
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all alt coins are putting a lot of inflationary pressure on btc.
How many of the alt coins can be turned to dust by a couple of Jupiters? |
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You are assuming that the early adopters have any say in whether Bitcoin lives or dies.
Bitcoin simply cannot be controlled. Anyone who tries will fail...period.
even the guy holding 10% of all the coins? you cant be serious. there are 5 people holding at least 20-30% of all coins. they could do it any time. You can't destroy bitcoin with the price , end , point , end. Even if they control 10% each time they pull a stunt like that they lose a few of their coins , things can't go like that forever. |
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Hello,
I am a newbie, but I really read a lot about the Cryptos.. After all I read, it seems to me that all of this does have a future.
The current financial system does not work, this is evident. I think that we need a change and Crypto currencies are very interesting.
Of course this is just a beginning and there are many flaws to every alt out there, even Bitcoin, but progress must continue.
In my opinion it will survive at most 5 of all these alt currencies.. Maybe less, but 5 at most have a future. Which are those, the future will tell. Bitcoin is one of them surely, but market is huge just for Bitcoin. Bitcoin will need help so people keep investing in your favorites.
I hope one of those will be Quark and this is my favorite. Nxt coin also seems interesting, but you can not buy it at any exchange platform at the moment since it is brand new.
Also, give me a break about all those scam-premined accusations about the Quark. Every coin has a problem like that and Bitcoin has the same problem as we speak. Even if this problem exist in which I am not sure of, market will absorb all these whales and coin will continue to grow in value.
It amazes me how many accounts 1-2 days old come here , saying wow quarks is the thing , trying to ridicule the pre-scam accusation , and after 3 days , to future posts , account is offline. Also , their post follow the same pattern , even the threads order |
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Reading Coinseeker speaking some sense is really something.
Glad you are long, mate.
You know what happens when he talks like that . He's like the delivery man smiling when giving you some IRS labelled envelopes. |
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So any chances of a payout increase  I feel like I pulled the short end of the stick somehow , but again whatever |
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I made the mistake of going to the World Cup there , I'm not going to that country even .... for bitcoins.
Mandela did whatever he could to improve the living standards. But others in the ANC soon took over and destroyed everything. How was your experience in South Africa? I know that the crime rate is sky-high there. Will be glad to hear that you didn't had any bad experiences. Well , the second day I tried to ask the hotel staff about a certain place where I was supposed the meet one of my friends, knowing it was close by. But I got it wrong the first time , and that guy told me - You can't go there! - Why not? - Well , it's not safe for ... white people after this hour! Then I tried to explain him that it's actually a four star hotel in this area so it can't be that bad and he said.. - Aaa , you mean x , yeah that's only two streets from here , it's safe. Now , how much do you think I visited of Johannesburg and Cape Town excluding the airports? |
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Yeah , South Africa was ruled by... people prior to being ruled by .... people.
Insert colors.
Well... I don't want to generalize. The problem is much beyond the skin color. The economic situation in South Africa has worsened exponentially since ANC took over power in 1994. But the same can be said about Russia. What ANC did to South Africa, the same Yeltsin did to Russia. Look at what happened to Russia after 1991. At least South Africa didn't lose 15% of its population to alcoholism and suicides. One of the poorest nations in the world (Moldova) is almost 99.99% White. Well , Russia doesn't have a 15% hiv infection rate , nor 1/4 women raped at least once. And also I don't consider the situation for russian people getting worse compared to 198* period. I actually think they are far better know , living myself in Eastern Europe and since I traveled a few times into the former URSS. Alcoholism was a problem in all eastern countries, and that was since medieval times. You can't even compare Moldova to the countries in Africa, common. and it's on place 129 by gdp in the world , hardly the poorest. (China 89) Let's face it , since South Africa shifted , it's going backways. Also , lets see the opposite.... a .... guy running a country with a majority of .... poeple. You know who i'm talking about And , does Detroit ring a bell? =))))) |
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I would love to be a pig who bought @2$ and was greedy enough not to sell @30$ 120$ and 266$
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I've been living with them close to my neighborhood for almost 20 years.
Even before Romania was into the EU , those people had no problem entering Italy and Germany. No r will they have with Switzerland. Then it may be time for you to change your place of residence. I have never lived close to them, but had enough bad experience. Well they don't leave exactly in my neighborhood , and in this 300k town , this is the safest place. Currently there is no town without such a community that is spreading inst tentacle everywhere. |
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so.... what I said may just have happened.
Well , I didn't get destroyed and it wont. It's the early adopters that have the least desire to destroy this coins. As for the dump and pump scheme , it can happen even without them. |
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Never thought in the last week that I would wake up , see the price at 800+ and be happy
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This is too much , 660 , I went to take a pi*** and It went to 750
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What's going to happen once all the quarks are mined? Won't the miners stop mining therefore halting the blockchain and transfer of coins? LOL i mean quark pretty much shot itself in the foot.  It never stops being mined. Apparently someone can't read. The reward will drop dramatically. It means that to keep the network secure from a botnet you must keep miners mining. How ? Nobody will keep mining if the electricity cost will be higher than the reward. And even if the reward will be higher than cost it will be far lower than what miners can get from mining other altcoins. That's why Satoshi came up with a halving idea over long periods of time, to allow transactions to grow in numbers and replace the block rewards, and it was a good one. we will see - i don't think you think out side the box - bu when your an ASIC communist you can't i guess ? what r u smoking poochie? |
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I think we misunderstood eachother. I was talking about hipotetical situation that 1 BTC worth would be $1 right now, today.
Couse you said: "Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing."
That's all.
Well , I assumed it will drop from the current price , but every think else would remain unchanged would it? Of course if we start with bitcoin at 1$ nobody will be insane enough to produce a 6000$ asic )) LE: And even when bitcoin was below 1$ , the network was strong enough to repel a botnet thanks to gpus. If they would have been only cpu mining... hmmm ) |
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Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing.
No botnet can provide this much hashpower.
So assuming that bitcoin costs $1  Am I doing something wrong? If no then you are not correct. And amount of cointerra miners doesn't count in here in sense of profitability. Monthly Power Costs: $64.8 You are taking into account acquiring the device. Well those device have already been paid for. People right now would have the only option to run them. If you don't run them , you get 0. If you still run them , you'd get a few bucks. Of course no new ones will be added to the network but those already produced will be there hashing. |
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What's going to happen once all the quarks are mined? Won't the miners stop mining therefore halting the blockchain and transfer of coins? LOL i mean quark pretty much shot itself in the foot. It never stops being mined. Apparently someone can't read. The reward will drop dramatically. It means that to keep the network secure from a botnet you must keep miners mining. How ? Nobody will keep mining if the electricity cost will be higher than the reward. And even if the reward will be higher than cost it will be far lower than what miners can get from mining other altcoins. That's why Satoshi came up with a halving idea over long periods of time, to allow transactions to grow in numbers and replace the block rewards, and it was a good one. This is indeed interesting point of view but look at Bitcoin, if the price of 1 BTC would be $1 then anyone would mine it? The question is if quark will naturaly achieve the price that will be worth of mining after 247mln coins. I don't know that, I would like someone who is more into Quark technical details to answer that. Is here some one? Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing. No botnet can provide this much hashpower. Doesn't look like that. Monthly cost for one is listed at 60$. 3000 btc/day x 30 days . 90 000 usd. TerraMiner IV – 2TH/s So 2000 Gh/s One TerraMiner needs 1200W Electricity Costs ($/kWh) in USA about 15c If BTC would be for $1 and even I put zero cost of hardware we are on big minus. I don't know how you did your calculations. How about you do the math on how much 1200W means in montly cost? Or , you go to that window on http://mining.thegenesisblock.com/And look at Monthly Power Costs? Secondary you said if the price would be 1$. Forever? Not assuming any growth? That would mean the project is dead anyhow. Secondary. Cost of botnet: 0. If I might quote: It is underpriced in that it generally costs more to make QRK than it sells for, but I think it's a PnD that's already on it's death throes due to lack of support from merchants or any use. How much does it cost a botnet to produce 1 QRK? Remember stolen computing power and stolen electricity = 0.0000. CPU coin = botnet coin. Whatever you can produce with a single CPU the average botnet can produce 10,000x as much at near 0 cost. It never had a future. |
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What's going to happen once all the quarks are mined? Won't the miners stop mining therefore halting the blockchain and transfer of coins? LOL i mean quark pretty much shot itself in the foot. It never stops being mined. Apparently someone can't read. The reward will drop dramatically. It means that to keep the network secure from a botnet you must keep miners mining. How ? Nobody will keep mining if the electricity cost will be higher than the reward. And even if the reward will be higher than cost it will be far lower than what miners can get from mining other altcoins. That's why Satoshi came up with a halving idea over long periods of time, to allow transactions to grow in numbers and replace the block rewards, and it was a good one. This is indeed interesting point of view but look at Bitcoin, if the price of 1 BTC would be $1 then anyone would mine it? The question is if quark will naturaly achieve the price that will be worth of mining after 247mln coins. I don't know that, I would like someone who is more into Quark technical details to answer that. Is here some one? Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing. No botnet can provide this much hashpower. Doesn't look like that. Monthly cost for one is listed at 60$. 3000 btc/day x 30 days . 90 000 usd. |
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What's going to happen once all the quarks are mined? Won't the miners stop mining therefore halting the blockchain and transfer of coins? LOL i mean quark pretty much shot itself in the foot. It never stops being mined. Apparently someone can't read. The reward will drop dramatically. It means that to keep the network secure from a botnet you must keep miners mining. How ? Nobody will keep mining if the electricity cost will be higher than the reward. And even if the reward will be higher than cost it will be far lower than what miners can get from mining other altcoins. That's why Satoshi came up with a halving idea over long periods of time, to allow transactions to grow in numbers and replace the block rewards, and it was a good one. This is indeed interesting point of view but look at Bitcoin, if the price of 1 BTC would be $1 then anyone would mine it? The question is if quark will naturaly achieve the price that will be worth of mining after 247mln coins. I don't know that, I would like someone who is more into Quark technical details to answer that. Is here some one? Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing. No botnet can provide this much hashpower. |
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What's going to happen once all the quarks are mined? Won't the miners stop mining therefore halting the blockchain and transfer of coins? LOL i mean quark pretty much shot itself in the foot. It never stops being mined. Apparently someone can't read. The reward will drop dramatically. It means that to keep the network secure from a botnet you must keep miners mining. How ? Nobody will keep mining if the electricity cost will be higher than the reward. And even if the reward will be higher than cost it will be far lower than what miners can get from mining other altcoins. That's why Satoshi came up with a halving idea over long periods of time, to allow transactions to grow in numbers and replace the block rewards, and it was a good one. |
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