Latest posts of: procrypto

I thought it would be good to track search engine interest in the altcoins, so we can decide which are getting more traction. I didn't see anything similar in here, so apologies if I'm covering old ground.

Why?

Whilst a new coin launch every five minutes is an excellent distraction, what we're all hopefully here for in the long term is to sort the wheat from the chaff, and find the most viable among these alternatives to really join BTC on the path to achieving widespread adoption.

Right now that's being done on the rapidly multiplying cryptocurrency exchanges popping up in every corner of the planet, but sooner or later some fundamentals are going to have to come into play. One of the early indicators is certainly going to be search interest.. after all, who is going to pay for products using a currency they have never heard of?

Which data sources?

The best way to do check out specific search volumes at a glance isn't Google Trends, though that data is useful of course. Instead I've gone for Google's search volume data, which is provided to AdWords pay-per-click advertisers. Whilst the AdWords data isn't accurate to a single search, it's the best we have, and provides a good relative comparison of the different coins.

What data? (changed to broad match - thanks gnomicide)

This chart is built using broad match search data - this data represents any search which contained the currency name. (e.g. "What is bitcoin?")

The data is averaged over 12 months, so there potentially a slight bias towards coins that have been around longer - and brand new coins will show no search volume. If we pull this data again and again in the coming months, we'll get a picture of which alts are growing in momentum, and which are dying off. It will also mean coins launched around the same time (e.g. FTC and CNC) are easy to compare with one another.

Which coins?

I've compiled this using the coins from this thread - https://bitcointalk.org/index.php?topic=134179.0

I left out Ripple because its such a common word - and the data for Qubic shouldn't be seen as reliable due to the number of other businesses and websites using that name. I've also left BTC in the mix as our yardstick for interest level.

CURRENT CHART

Based on the broad match data, here is the current state of play, 10th May 2013.

[1] Bitcoin (-)
[2] Litecoin (-)
[3] Qubic (-)
[4] Namecoin (-)
[5] Solidcoin (-)
[5] Terracoin (-)
[7] PPCoin (-)
[8] Mincoin (-)
[9] Multicoin (-)
[9] Geist Geld (-)
[9] Novacoin (-)
[9] Bitbar (-)
[13] Devcoin (-)
[13] Freicoin (-)
[15] Rucoin (-)
[16] Ixcoin (-)
[17] Liquidcoin (-)
[18] Tenebrix (-)
[19] Fairbrix (-)
[20] Timekoin (-)
[21] BBQCoin (-)
[22] ByteCoin (-)
[23] Feathercoin (new entry)
[23] CHNcoin (new entry)
[23] Yacoin (new entry)

Broad Match