Once again: If you're considering development of an altcoin, please make it fundamentally different and more useful than what's out there. If it's just another Bitcoin clone, don't ask us to download another CrapCoin-Qt wallet.
You mean different like dogecoin and quarkcoin different?  |
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Think of it this way: The press might be the reason we're stagnant instead of in a hard downtrend right now.
This is exactly what I have been thinking. After a meteoric rise it is normal for people to need some time to understand that the party is over. Dont take me wrong i don't mean that bitcoin is over, only the 10x/month rise. |
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Proof-of-work alt coins can come under attack from excess or outdated bitcoin and litecoin mining equipment.
Even if asics come out for litecoin you will not be able to mine all other scrypt coins with those because of the parameters that are used from the scrypt algorithm that litecoin uses. |
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Dear Mirsad,
Thank you for taking the time and trouble to explain the issue to the illiterate masses like myself who are not good at foreign languages.
Mark
You just got mislead by flashy headlines. Happens all the time especially when you learn for bitcoin from mainstream media. |
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You system requires some authority to set the rate so you are talking for something other than decentralized cryptos.
The software that runs on each client can just take in information as to whether or not the exchange prices are rising or falling. If they fall, just shut off the printing presses until market value recovers. If speculators are pushing the price up, just increase the reward for mining to match rising demand. Early on, the price will either go up 1% or not at all. As the altcoin matures, it will be allowed to go up 1% per month, or not at all. The exchanges are centralized authorities. I don't think that 's a good idea to give them the power to halt or resume coining based only on a price index. |
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There are 2-3 logo contests running right now and the prize is around 0.3 - 0.4 BTC
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They have probably the least complains in this forum out of all the exchanges. I guess that says something  |
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p.s. We may start it after 21M btc come to circulation, but discussion may start now...
Yes discussing it for the next 100 years looks like a good idea |
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I guess you are just spreading fud but then again its not fud about bitcoin so it's ok Btw the photo is photoshopped or real? |
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Well they are saying pretty much the obvious. No need to jump on them because of that I mean it's not like they banned bitcoin or something |
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You are describing exchanges problems. It's not a problem of alt coins per se.
Also you better get used to giving personal informations to exchanges because it will become mandatory sooner or later to every exchange.
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that way we wont lose Bitcoins if they are sent to the wrong person/wallet + it doesn't overload the system with 0.00000001 transactions.
Aren't those two issues already pretty much solved? |
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For all i can see btc-e has the lowest price among the exchanges. That hardly indicates any hype  |
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You are referring to cgminer options obviously so read the scrypt-readme file. (That applies on older versions only since the latest ones no longer support scrypt)
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* Electricity consumption is estimated based on power consumption of 650 Watts per gigahash and electricity price of 15 cent per kilowatt hour. In reality some miners will be more or less efficient. Obviously they haven't updated their estimations for asics. Yep, nowadays it's about 5W/Ghash. Some of the 28nm ones are below 1w/gh already |
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Litecoin, peercoin. Litecoin is already established as a solid crypto currency and peercoin offers something different with pos.
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* Electricity consumption is estimated based on power consumption of 650 Watts per gigahash and electricity price of 15 cent per kilowatt hour. In reality some miners will be more or less efficient. Obviously they haven't updated their estimations for asics. |
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don't you think that Bitcoin and other Proof of Work based currencies will have a sudden loss of confidence as soon as the perils of Global Warming start becoming apparent?
You mean the kind of global warming that is just a myth and a marketing trick from companies that have interests in alternative power sources? |
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I think it goes away after your activity hits 28. Not sure though.
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I do not have a powerful pc for mining and I am new to cyprotcurrency. I do not intend on making a serious profit, but it would be nice to mine while I sleep since I usually leave my pc on. Should I stick to bitcoin mining or is there a altcoin that is "weak" pc friendly?
Leaveing your pc open at night is not the same are running a miner. Your gpu will be working at 100% and that means heat, noise and power consumption. |
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