The thing you are missing, as of right now, is that there is no GPU miner for Quarkcoin. As a result, everyone mines on a CPU, which maximises the profitability of a mining rig, as it is mining both, say, Litecoin, and Quarkcoin.
The alternative to this is Primecoin. Primecoin is starting to get very difficult to mine.
Matthew:out
Right now it might be worth speculating on Quarkcoin by mining it, but how far down the line will it remain so. What's one or two more quarkcoins to your collection of thousands, better off speculating on another CPU coin by that point. The value of a coin won't increase until it becomes adopted. The problem with most of the coins being mined in the first 6 months is that you end up with a handful of people holding most of the coins. Less people holding coins less people to drive adoption and adoption is what ultimately dictates the value. I just can't believe anyone is going to be mining this coin in 6 months time.
At first after 6 months is expected something like 0.5% inflation which is block reward of 1 QRK forever and ever
and at second I believe in this coin - it has stable community, many new features which bitcoin doesnot have, it has webdiscussion, its own webpage, active developers, coins are traded already at 2 exchanges.
very interesting will be how price will react when blockreward halves.
I think this coin can easily increase in value and tenfold its price in just one week and keep the price level still rising - can you say it about bitcoin or litecoin??
And this coin is quite solid, it can be traded onky for btc, not for cheap ltc.
It may happen the same situation like on IFC - almost all coins are mined and price is still rising.
I'm interested in following the coin and I don't want to knock anybodies hard work, clearly a lot of effort has gone into this. I just don't see the unique properties of this coin being anywhere game changing enough to get enough people on board in only a few months.
Show Posts
