Its because the alts have to evaluate more than bitcoin in order to be profitable. If bitcoin goes up 10% and alt has to go up +10%. I would argue that alts do better when bitcoins goes down in value, which is not often. Right now I'm keeping my eye on one particular coin. But I want it to come down so I can buy it for cheap so its name shall remain anonymous. *wink wink*  |
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This coin should be called Cunningham Chain Coin or Bi Twin Coin instead of Primecoin.
It finds chains of prime numbers and helps advance prime number theory and cryptography. Besides, Primecoin such a snazzy name. The ridiculous part about Primecoin is that it's built to cripple GPU mining - if somebody launched a similar currency that wasn't restricted it would blow Primecoin away when it comes to advancing prime number theory. Beyond that, dedicated single-purpose machines could leapfrog anything Primecoin has uncovered in a matter of hours. The entire concept is nothing more than a gimmick, in my opinion. The dev team went out of their way to make Primecoin less efficient. It was not built to be GPU inefficient. It just turns out their plenty of prime # code available already optimized for CPUs which they used to make the reference miner. Making the GPU miner from scratch is difficult. There is one now actually made by mtrlt but it is inefficient and requires much more optimization. Why do haters gotta hate? I think finding primes requires a cpu. CPUs are meant for more complex calculations, whereas gpus are meant for parallel simple calculations, like pixels or bruteforce. Otherwise a computer would only have a gpu. |
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why do you want to do this?
The miner will probably charge you above market price.
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Well having bitcoin ATMs would be a start.
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You guys can start your town in detroit.  |
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It may not matter what the FED does... World Bank Whistleblower, Karen Hudes, seems to think that economic collapse is fast-approaching for the USA. In fact, she's telling people to start using Bitcoin. http://wp.me/p2FKR4-hvIt seems like that guy wanted to pump gold. He kept interrupting her when she mentioned bitcoins. |
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The original bitcoin fans will give up bitcoin since it is no longer the utopian internet currency they started with.
By the time corporations get to it the block reward will be small and bitcoin will have completed its mission. Its mission being: a.being out of the reach of central bankers b.being a stable currency that doesn't lose value. and optimistically c.becoming a world wide currency. Bankers have money. ASICs are made for profit, not "to secure the network." They will be sold for money. Bankers can buy out a couple of ASIC mega-mines much easier than thousands of small-timers. If Bankers were *evar* a threat to bitcoin, they are now. Uh yeah. That's capitalism. The guys with the most capital can invest more. But they can also lose to others with capital via competition or bad investments. People can also raise capital by convincing investors and starting their own business. Have you guys been living under a rock or something? Not at all -- i wouldn't be surprised if my family owns yours. Capitalism has been quite good to me, but that's not my point. My point is bitcoin is currently more vulnerable to "central bankers" than it ever was. That's all. well no need to be a dick about it. Anyways what i was saying is that there will be multiple banks that compete with each other. Unless I there is something I'm missing about the technical aspect of bitcoins? Sorry -- the "living under a rock" reference threw me off. As far as "multiple [central] banks competing with each other" -- that's not the way central banks work, so it's the technical aspects of fiat that you should look into. But I didn't say multiple central banks. I said multiple banks. |
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The original bitcoin fans will give up bitcoin since it is no longer the utopian internet currency they started with.
By the time corporations get to it the block reward will be small and bitcoin will have completed its mission. Its mission being: a.being out of the reach of central bankers b.being a stable currency that doesn't lose value. and optimistically c.becoming a world wide currency. Bankers have money. ASICs are made for profit, not "to secure the network." They will be sold for money. Bankers can buy out a couple of ASIC mega-mines much easier than thousands of small-timers. If Bankers were *evar* a threat to bitcoin, they are now. Uh yeah. That's capitalism. The guys with the most capital can invest more. But they can also lose to others with capital via competition or bad investments. People can also raise capital by convincing investors and starting their own business. Have you guys been living under a rock or something? Not at all -- i wouldn't be surprised if my family owns yours. Capitalism has been quite good to me, but that's not my point. My point is bitcoin is currently more vulnerable to "central bankers" than it ever was. That's all. well no need to be a dick about it. Anyways what i was saying is that there will be multiple banks that compete with each other. Unless I there is something I'm missing about the technical aspect of bitcoins? |
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The original bitcoin fans will give up bitcoin since it is no longer the utopian internet currency they started with.
By the time corporations get to it the block reward will be small and bitcoin will have completed its mission. Its mission being: a.being out of the reach of central bankers b.being a stable currency that doesn't lose value. and optimistically c.becoming a world wide currency. Bankers have money. ASICs are made for profit, not "to secure the network." They will be sold for money. Bankers can buy out a couple of ASIC mega-mines much easier than thousands of small-timers. If Bankers were *evar* a threat to bitcoin, they are now. Uh yeah. That's capitalism. The guys with the most capital can invest more. But they can also lose to others with capital via competition or bad investments. People can also raise capital by convincing investors and starting their own business. Have you guys been living under a rock or something? |
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The original bitcoin fans will give up bitcoin since it is no longer the utopian internet currency they started with.
By the time corporations get to it the block reward will be small and bitcoin will have completed its mission. Its mission being: a.being out of the reach of central bankers b.being a stable currency that doesn't lose value. and optimistically c.becoming a world wide currency. It becomes a p2p version of SWIFT, maybe not so profitable when mining, but under control of the banking sector. At that stage they will make more money on bitcoin transaction fees than mining. what do you mean by transaction fees exactly... Is it like some in built bitcoin feature or you mean the cost for doing business? |
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The original bitcoin fans will give up bitcoin since it is no longer the utopian internet currency they started with.
By the time corporations get to it the block reward will be small and bitcoin will have completed its mission. Its mission being: a.being out of the reach of central bankers b.being a stable currency that doesn't lose value. and optimistically c.becoming a world wide currency. |
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Guys this is not a surprise at all.
Here's a prediction.
After a while only corporations are going to be able to afford mining.
And after a while a scrypt asic will come out and will evolve the same way bitcoins did.
And the as they become more centralized they will gain more value.
*shocker*
Like I said, the only way to make a truly decentralized coin is to make one that requires human input in the mining process.
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- Argentinian internal economy is not thriving, but is not bad at all.
You guys have practically put an embargo on yourselves. How is that not bad all. |
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Its because their government has a tight grip on their bank accounts.
They can't change ARG for USD, they can't wire money and they can't consequently they can't buy mining equipment (not that mining is worth much nowadays)
Their president is literarily a feminazi.
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Study all the many articles already posted including blow by blow how-to articles and sample code and so on
such as... |
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Fin most altcoins are for fun.
Even if you make a profit its pennies on the dollar.
Just go get a job so you can buy your alt coins and stop asking if you can get them writing.
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That doesn't make an alt, it makes a blockchain-fork of the litecoin blockchain.
In other words it is an attack on litecoin, not a separate coin-network of its own.
-MarkM-
sooo how do you make it a network of its own... change the genesis block? |
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Ok I haven't tested it yet, but I think I get the gist of it. Here it goes. 1.go to the litecoin site 2.go to their github page 3.open the src folder 4.open main.cpp 5.scroll down until you find {
int64 nSubsidy = 50 * COIN; //amount of coins rewarded for block
// Subsidy is cut in half every 840000 blocks, which will occur approximately every 4 years
nSubsidy >>= (nHeight / 840000); // Litecoin: 840k blocks in ~4 years
return nSubsidy + nFees;
}
static const int64 nTargetTimespan = 3.5 * 24 * 60 * 60; // Litecoin: 3.5 days
static const int64 nTargetSpacing = 2.5 * 60; // Litecoin: 2.5 minutes
static const int64 nInterval = nTargetTimespan / nTargetSpacing;
change values accordingly 6.click on main.h 7.scroll down to MAX_MONEY and change the values to the amount of coins that will be mined. 8.compile I'm still trying to find out how to change the difficulty adjustments. On the mean time please drop some mBTC on my e-tin cup 1J4qneVzmNquByudkY4DREsiLXRrgjDG3M |
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Marriage is and has always been a semi-consensual for of sexual and social slavery. No its an agreement between partners to raise children mostly. Also enjoy your cats for companions after you get older. A return to community-centered matrileneal family structures Since when have communities been matrileneal? a dismantling of consumer culture and the objectification it fosters
Fine you can start by not having 20 pairs of shoes. I have two pairs of shoes and they were both gifts. YOU can start by not continuing demeaning stereotypes. Communities are matrileneal by default assuming there aren't any "I own you and your children"- type Men around. Think about it. When someone is born, the mother is known. The father isn't necessarily known. Patrilenality is rather inefficient and unnatural- just think of the trouble with surnames. Marriage without children is still marriage. It was invented for men to gain exclusive possession over women, and (admit it) is still used for the same purpose, despite whatever fluff has grown around it. The lack of community isn't because of men. Its because you probably live in a city. Cities have too many people to be communities. Also communities are more boring and filled with rules. |
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Marriage is and has always been a semi-consensual for of sexual and social slavery. No its an agreement between partners to raise children mostly. Also enjoy your cats for companions after you get older. A return to community-centered matrileneal family structures Since when have communities been matrileneal? [/quote] a dismantling of consumer culture and the objectification it fosters [/quote] Fine you can start by not having 20 pairs of shoes. |
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