I do not think you need your own I2P client running to use Anoncoin in I2P
When you start the wallet you get a warning that anoncoin is running on clearnet. But i have read that they are working to integreate the I2P client in the wallet. |
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When you use less energy/generate less heat while mining these coins that mean your mining software is not efficient. It is very likely that more efficient software already exicts for these algorithms that take advantage of the full potential of the GPU which mean the same temperature and energy consumption as scrypt, and a significantly higher hashrate.
the algorithms were designed to be inefficient because they are difficult to parallelize since each round depends on the results of the previous round as such, no hardware exists that can be super efficient at them more efficient software? maybe, but by how much? 5-10%? Like Litecoin where designed to be CPU only?  |
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When you use less energy/generate less heat while mining these coins that mean your mining software is not efficient. It is very likely that more efficient software already exicts for these algorithms that take advantage of the full potential of the GPU which mean the same temperature and energy consumption as scrypt, and a significantly higher hashrate.
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Not all "premines" are necessarily bad. Not all alt-coins are crap. Let the market decide. I'm wondering how much Solarcoin is a factor in this myself.  Listen, there's no perfect way to do this. Yes, premined coins which are held in reserve can make a coin appear higher in the rankings. However, that's really irrelevant, because if all of those premined coins were dumped on the market at once, the coin would drop to the bottom of the rankings. There's no way to know how many coins are available. You just don't know who owns them and what their intention is. You can look at the blockchain and see total supply, and you can look at the exchanges and see price. Everything else is conjecture. Sure, make an option to filter out coins with sizable premines, just like you can filter out non-minable coins. Coinmarketcap is a cool site and I check it daily. Keep up the good work. This is how I feel. All coins deserve to be listed, it's just a matter of presenting the information that's fair and consistent. Adding filters just feels like a bandaid to me and is not a real long term solution. My comment is aimed at the bold section in markymarks post. You are adressing the issue there. If the premined coins had been in sirculation the price would not have been the same. That is exactly why the premine cant be a part of the marketcap. Regarding auroracoin you can fix it really easy. Auroracoin got a counter at their webpage with the number of realeased coins from the premine. Update the total number of coins a few times every week and you have the real data and the real marketcap. I thought about the Auroracoin fix, but what if the other country coins don't give out the number released info? Don't underestimate the impact and importance of your site. It is one of the most important and informative sites in crypto. Media use it, and most people interested have the site bookmarked. If you remove the premine from the premined coins my guess is that the coins interested in staying high on your list will provide similiar data about the distribution as auroacoin. |
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darkcoin = racist coin?
I LoL ed here.
its called darkcoin because of its anonymity.
it has a function called dark-send (which is in beta stages currently)
makes the transactions somewhat invisible (mostly incredibly hard and painful to trace)
I thought the same.. darkcoin is one of the best coins out there at that time +1! remove it from the list, since the reason behind it is really dumb and NOT researched well enough... matter of fact... How the hell can I take this list seriously when you dont do good enough research. Oh! and I made a nice profit on almost half of your coins in the list LOL..  Darkcoin is definetly a scam coin, but not because it is a racist coin lol. Darkcoin claim to be anonymous, but it is not. And darkcoin is extremly instamined. One of the most overvalued coins out there. People buying this coin at todays prices are getting scammed. |
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Not all "premines" are necessarily bad. Not all alt-coins are crap. Let the market decide. I'm wondering how much Solarcoin is a factor in this myself. Listen, there's no perfect way to do this. Yes, premined coins which are held in reserve can make a coin appear higher in the rankings. However, that's really irrelevant, because if all of those premined coins were dumped on the market at once, the coin would drop to the bottom of the rankings. There's no way to know how many coins are available. You just don't know who owns them and what their intention is. You can look at the blockchain and see total supply, and you can look at the exchanges and see price. Everything else is conjecture. Sure, make an option to filter out coins with sizable premines, just like you can filter out non-minable coins. Coinmarketcap is a cool site and I check it daily. Keep up the good work. This is how I feel. All coins deserve to be listed, it's just a matter of presenting the information that's fair and consistent. Adding filters just feels like a bandaid to me and is not a real long term solution. My comment is aimed at the bold section in markymarks post. You are adressing the issue there. If the premined coins had been in sirculation the price would not have been the same. That is exactly why the premine cant be a part of the marketcap. Regarding auroracoin you can fix it really easy. Auroracoin got a counter at their webpage with the number of realeased coins from the premine. Update the total number of coins a few times every week and you have the real data and the real marketcap. |
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Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin.
We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution.
This isn't correct. You are probably right. I am only speculating and might be totally wrong. But we don't have evidence to discard my comments as incorrect either. Time will tell. What are you thinking of when using the term 'zerocash', zerocoin, or have I missed something? Zerocoin is the old paper, the proposed extention to bitcoin that anoncoin are implementing. Zerocash is v2.0 and the name they are using for the new coin they are supposed to launch. |
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New version coming out in april. Only coin beside btc and ltc i would recommend anyone to invest in.
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4. PREMINED
-Any coin premined for any reason is a scam period. Don't post or argue unless your a "hex editing dev" who needs a quick pump and dump.
You have to include instamine. A coin like darkcoin promote the fact that they got zero premine and that is true. But on the other side they got an 13,8% instamine and that is just as bad. |
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There is not any anonymous coins around now.
What do you say about DarkCoin and TIPS(mixing service)? Darkcoin is very good at marketing, but don't deliver what it promise. The biggest hope for anonymity right now is zerocash (paper to be released in mai) and anoncoin who are implementing the original zerocoin extension that were created for bitcoin. Read the quote below from another thread explaining the problem with darkcoin. Or perhaps Darkcoin once it's made open source? (don't think it is yet...)
Darkcoin use CoinJoin method, much like Shared Coin service of Blockchain.info. We can still practice CoinJoin within Bitcoin system, therefore Darkcoin offer nothing new. CoinJoin doesn't hide your transactions completely, it just make harder to trace your money flow. With proper data mining and data analysis, your transactions might still be traced. And federal agencies have more than enough human & technology resource to do that. Zerocoin is another story, i'm excited to see what Zerocash will bring to crypto world. Once the community is better educated I expect darkcoin price to plummet. Darkcoin is also extremly instamined and have a very unfair distribution compared to a lot of coins. The blocks started out at 500 and is now down to 20 (actually as low as 17) after just over 2 months. Most coins dont halv block rewards for years. Anoncoin 2 years, Litecoin 4 years etc to ensure a fair distribution. If darkcoin had been as fair as those coins with constant block reward there would only have been 837,840 coins, but there is mined 3,848,614 DRK. That mean that 3 million coins is instamined for the devs/early adopters. With 22 mill total coins that is a 13,7% instamine. I now that it is coded that way and supposed to be like that, but that don't make it fair. |
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There is not any anonymous coins around now.
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After during my due diligence I decided to store away 100K Goldcoins on a paper wallet in my safe for my 10-year-old son's college. I know it's a risk but compared to bitcoin it seems like better odds of getting his education paid up with $1000.
Maybe I should buy 3 or 4 more coins instead of having all my eggs in a single basket. Can you guys recommend some other coins that I might want to look at and why?
Perhaps you should do a bit more research about GoldCoin. And I have a feeling this might be another MicroGuy pump account anyway.+1 But it's quite fun lol. |
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Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin.
We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution.
This isn't correct. You are probably right. I am only speculating and might be totally wrong. But we don't have evidence to discard my comments as incorrect either. Time will tell. |
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Anoncoin with zerocoin implementation might be better then zerocash. Do you have any technical evidence to back your claim ? I already said above that Anoncoin is going to adopt 'old version' of Zerocash, i.e. Zerocoin. So it is obvious to see that the 'new version' Zerocash will be better. The people behind Zerocoin/Zerocash are serious scientists from John Hopkin University, whose talent definitely will bring something big to crypto world. I don't have any technical evidence to back my claim and neither do you. It's just speculations. But lets look at the facts. The original zerocoin were created to be implemented in bitcoin and improve the privacy, and its now implemented in anoncoin. We can assume that the quality of the original paper are good, and gnosis1 have made improvements. You might assume that the scientist at John Hopkins is brighter/ more motivated to create an anonymous currency then the anoncoin devs, but I disagree. I believe that a crew of unbiased and independent developers have a lot of advantages. It is easy to assume that zerocash will be better, but we have no way to know that. To believe that the zerocash launch will be fair is naive at best. The extremly small anoncoin premine just proves how fair and well distributed the coin actually is. Also considering trade volume and coin age.
Let me remind you that Zerocoin was an proposed extension to Bitcoin, this mean if it would be adopted, Zerocoin dev make no commission, because there would be no pre-mined Bitcoin for the dev. They did Zerocoin as an science project without any profit. Therefore i believe they will make Zerocash the same, a purely science project. You are the first person who said a premining is 'fair'. Pre mining is NOT fair, no matter how small the premine is. I absolutely don't agree that premining/instamining i fair or OK in any way. But the premine of 1000 blocks or 0,1% 9 months ago, mostly given away in faucet is not that bad. Just compare with other coins like darkcoin with an 13,8% instamine. Why do I think they want to make some money on zerocash? It is simply because they can. They chose not to support or even reply to any of the altcoins who reached out and wanted help with implementing zerocoin. If the science part where the most important, why not test their paper in practice? |
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There is no way Anoncoin could be better Zerocash. What Anoncoin adopted was an old library of Zerocoin, but Zerocash will be something like Zerocoin 2.0 with much more advanced technology, note that the devoloper team of Zerocoin is also devoloper team of Zerocash. Moreover, Zerocash will be fair coin with no pre-mining, but Anoncoin is premined.
Anoncoin with zerocoin implementation might be better then zerocash. It is easy to assume that zerocash will be better, but we have no way to know that. To believe that the zerocash launch will be fair is naive at best. The extremly small anoncoin premine just proves how fair and well distributed the coin actually is. Also considering trade volume and coin age. It is obvious to see you are promoting Anoncoin because you are investing on it or mining it. But i am neither Anoncoin and Zerocash user, i'll wait to see which coin is really better.
I just hold btc and peercoin. The reason I am interested in this topic is because I believe we need an anonymous currency, and also because i look for potential investments. Looking forward to see this play out. |
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I think anoncoin is more active.
Both more active and more attractive. The anoncoin devs goal is to create an anonymous currency. There is no marketing, no hype, just steady development. It's an established, well distributed and much traded coin. We don't know anything about zerocash. My guess is that the main focus of the zerocash team is to make as much money as possible. And it want surprise me if anoncoin with zerocoin implementation will be the best solution. |
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There is no doubt that this is a scam.
Every coin that I missed the lunch is a scam from now on. Sorry. The blockchain dont lie. You will find the numbers i quoted there. |
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I looked at mining it, but it's clearly not profitable to mine it because it's been mostly premined
I will politely disagree: Darkcoin was pre-announced and fair-launched, and everybody had a chance to mine on day 1. A sizeable chunk of DRK was mined on day 1, but that's not at all the same as a premine, and to claim otherwise is BS sophistry. There is a meaningful distinction between premining and a pre-announced fair launch. In any case, I'm sure the devs got a fair chunk of the day 1 coins, which I see as a GOOD thing because it means they are financially invested in making the coin succeed. That aside -- if the day 1 mining rate is the only complaint you have against Darkcoin, then that's not too shabby. No coin is 100% perfect. Regarding profitability, if you do the math taking into account the differences in X11 hashrate and the ~40% lower power draw, you'll find it's about on par with scrypt profitability, if not better. When the coin is designed to yield a huge instamine that is exactly like a premine. If darkcoin had had constant block size as they are now there would only been 776,525 coins. But the total coins is actually 3,829,439. That mean that of all the existing darkcoins 79,9% is instamined. And after what i have read they are going to reduce max coins to 22 million. That mean that darkcoin in reality got an instamine of 13,8%. The fact that it is designed that way and that "everyone" could have mined it don't matter. It is designed as a scam, and a get rich quick scheme. Very good branding, but technically flawed. There is no doubt that this is a scam. |
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Great job Gliss. I think this is much needed.
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