I mine and dump must of them as soon as I can.
Wow, really! You must be just about the only one to do this! This is why there is a topic called ALTCOIN FAIL! |
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I'll believe it when I see it.
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So, I'm CPU mining on Frozen on the coinmine pool.
I see users with hashrates of 20,000, 50,000, and much higher than that even.
How are they accomplishing this? Are they botnets? Are they network admins? Are they cloud computing clusters?
How?!?
Some people have access to lots of systems. I mine on 6-10 computers and hit 5-7 MH/s, because I have access to them, along with mining on cloud servers. If I really wanted to get into it, I could write a little batch file to mine during idle time on work computers (probably add another 40-50 systems) and no one would ever know. But I'm happy with what I have right now. CPU mining is susceptible to botnets, yes, but I havent heard of anyone doing so yet. I never fully understood why it is just CPU coins that can be botnet'd. Would a GPU botnet not be less noticaeable? |
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It sounds like Bitcoins would have to be taken into the country physically and exchanged by trading.
The person taking in the BTC would end up with a load of Pesos though, which probably isn't what they would want. It sounds difficult to arrange getting Bitcoins into an already closed system.
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I've found hash rate is a good indicator for difficulty but I wouldn't agree it affects the price that much, the reason being is when you get price spikes all the short sighted multi-pools switch to that particular coin, I find difficulty is a more reliable thing and of course how many coins are in circulation.
For alts yes, for Bitcoin no. People spending thousands on ASICs might dabble in ALTs, but I think most will be pretty constantly be mining BTC to try to get ROI. |
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Time to delete the wallet? The OP hasn't even been online for the last few days now.
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Just quickly had a look to add some numbers to the above post. It took >15 hours between 77722 and 77821.
About 545 seconds a block. That means it will be about 20 days until the hardfork kicks in, instead of the expected 2.5 days (actually last weekend was the original expectation).
I get that you are content that it takes longer until the fork, but why are blocks taking 475 seconds longer than expected?
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Something I don't understand. Currently the problem is that the difficulty adjusts too much. If that is the case, why are the blocks going so slowly at the moment?
We should be rattling through 1200+ blocks a day, whereas it is nowhere near that at the moment. The difficulty should surely adjust to account for that, especially before the hardfork.
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It seems that no one CPU coin is going to take over. QRK is obviously number 1, but due to the ever reducing rewards, the incentive to mine is pretty low.
Are you serious? Haven't you noticed the HUGE increase in value of Dimecoin? over +50% increase every day. -Dimetime-Yes I am, Dimecoin is just about my least favourite coin. Billions of coins, near worthless and a dev that premined 37 billion of them so he could give them away by the thousand all day everyday, he'll still have billions left over though, there are a lot of thousands in a billion. |
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Your client will be safer, if you have your computer properly protected.
If not, then trusting something like Blockchain is probably better. Always use 2 FA, so no one can hack your account specifically.
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As someone mentioned, zero confirmation trades will have to be accepted. maybe for small volumes that will be allowed, for larger volumes at least x number of confirmations.
Online there is no issue, in a shop/bar it could be.
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So I created a new cryptocurrency using Coingen.io and I have everything; the qt wallet runtime, source code and all binaries....
What is my next step to lodge this coin on the market for the ability to mine?
My wallet errors: "No block source available"
also is there a way I can set a certain amount of starting coins that I can have offset into a separate account/wallet to use this for promotional events to spike user interest ?
Any help would be much appreciated and genuine rewards in this new currency and/or btc.
Please don't, you aren't helping yourself or anyone else. |
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Another one smells quick money, so many risks involved would hope you are aware of that. We can wake up tomorrow and markets fall out.
I'm only risking what I'm willing to lose  That's the correct answer! Good luck with your mining then! |
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Its not 5 tonnes a year, it was 5 tonnes in the first year. Yes they made up some rubbish about melting capacity, but they obviously have some gold available to them, I just doubt it is anywhere near what they say they have.
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I guess really early adopters were hi tech stackers.
Nowadays it is pure money making capitalism, so the markets are probably a bit different
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IF China banned exchanges, then hopefully the price could start a new growth phase, whithout fear of China doing something else stupid.
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Most people use lite wallets though don't they? I never update my client.
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I am becoming increasingly negative on all alts now that any idiot can pump one out.
I like primecoin, but mining is near pointless. LTC is faster than BTC but slow compared to almost all new coins. Almost all new coins are scams, rubbish or gimmicks.
We will see if someone comes up with something that could rival BTC. If they do it will be clones 1000 times, so maybe they shouldn't make it open source too quickly.
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They quite frequently remove markets awithout saying anything. It would be ok if the balance remained but it can be scary when it appears to have all gone.
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