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iNqK7Pk38z1wczoew9ann6BMSHqCTtEYnH thanks!
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Bitcoin can't be a currency. It's a commodity, a storage of value.
Next generation of cryptocurrency are coming (Ripple, Emunie, Nxt, Microcash). We will see which one will takeover
Microcash is a dead coin (SolidCoin), Ripple is 100% pre mined, Emunie is too fucking complicated, and NXT whatever the fuck that is.. No, people like to stick with what they know. Which is the Bitcoin style of CryptoCurrency. Most people have Bitcoin wallets in the cloud such as Electrum. Bitcoin is here to stay. I fully support Bitcoin and its mission statement but, I also support IncaKoin because it could see regulation way before Bitcoin could. Bitcoin may be a way of measuring wealth but, IncaKoin is set up for daily transactions. Even IFC for that matter. All 3 coins which I see great potential and a promising future. NKA:NYsEjyTqyyAgR8MCCSJGLQiMzzFwhyxojcwait wat? what is so groundbreaking about incakoin that would make it see ETF before bitcoin? |
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NOT A SCAM. Possibly the first coin able to be accepted as real currency by http://www.sec.gov/ how is this? any (legit) sources? |
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So just an excuse to plug ixcoin, then?  Excuse? No. Facts and speculation. Nobody is forcing you to agree or buy ixCoin. Vlad, Ive been considering your exact sentiments here for some time. IMO there is a big chance that some vulnerability in BTC will eventually be implemented and the markets will rush to some other altcoin. Ive been doing lots of reading into altcoins to invest in in that event. ixcoin hadnt entered my mind at all. Can you go into more detail on why you think thats the one? It cant be the liquidity thing - also my concern is how closely based ixcoin is to BTC. |
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PHFA87RVTvrwCbxHrUy2QEt4PBVBXitJgP
shoot im in thanks!
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Im looking on their site and I dont understand this part (tell me where I am going wrong) An example realtime price is .082 BTC for each GHS. Lets say I want to go big and get 1TH/s which is 82BTC. At this point is where I get lost...How long will they hash at 1TH/s for me? Until infinity? The reason I ask is that at a rate of 700USD/BTC it will take over a year to become profitable according to http://www.vnbitcoin.org/bitcoincalculator.phpMy conclusion is the people willing to go this route are gambling on BTC going even higher, or still being able to sell your hashing power in the future? Or was your cost for each GH/s much lower and you happened to get in early? |
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can someone explain how things work with cex.io please?
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Can I have one please? 6iWqf95oeE2n6d5MrVZrq5WeteXiFoNNQ3
FTC is going to go hot, IMO, Im about to set up a portfolio with lots of it for the long term
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F3cE4nJZRXzy2MZuWAWgG3s7dQBFyWScof
am I too late?
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ah I understand, its a different way of displaying mining profitability. I was used to seeing percentages displayed like on a different site(dustcoin) that doesnt show crazy high percentages like coinwars and coinchoose.
Anyway...
Why the disparity between the 2 sites coinwars and coinchoose? BBQCoin on 1 site is way up top and on another is way low.
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not sure what info it is trying to convey. those are some serious % numbers though
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SHA/Scrypt hybrid
If if this where possible, I'm not absolutely sure maybe it actually is (but I don't think so), it would not make any sense to develop such a thing. It definitely would be inferior and more expensive than a specialized device. Sure its possible and likely already here. Correct me if I'm wrong but the LTC network alone jumped by 50% in a matter of days, some weeks ago. Feathercoin, Novacoin and others are also turning into giants. A ASIC that can mine scrypt and sha? I doubt it. I don't. But what do I know. lol Its all greek code to me. 
Sure its possible and likely already here.
Correct me if I'm wrong but the LTC network alone jumped by 50% in a matter of days, some weeks ago. Feathercoin, Novacoin and others are also turning into giants.
Somehow i share that feeling that something is already out there, but the recent Network Spikes, i'm sure was caused by the new Multipool Poolhoppers. Fucking up the Diff for everybody so we all have to Poolhopping. If you meant the multi-junkcoin rapers, I do not believe it is them because the significant difficulty jumps have been sustained. Also, most of the increases happened before coin hopping became popular. LTC difficutly : 2013-07-30 - 892.55283431 2013-05-28 - 595.65349676 2013-03-12 - 38.89263410 I predicted the asic invasion of the alts would start after the Bitcoin difficulty surpassed the 30-50M mark, months ago. Soon, the junk coins that hold enough value will be devoured just like Bitcoin was. :/ can someone please explain that last sentence? |
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my preference is the 290 (non-x) as well, since some report 880 hasrates with good hash/power ration, also gives a good hash-density at the machine.
but since i don't like the reference layout/blower, I will go for a 280x right now. technology has been around, so I expect them to be more reliable for now. (also good deals available)
ordered a sapphire 280x dual-x to see if it is voltage unlocked (40G full retail model, since it was cheaper than the lite retail).
will put it on an old amd64 board to see/check and wait until other components arrive.
for testing i want to go with windows first, should i go with win7 /8 /8.1 or doesn't that matter?
recommendations of drivers/software and versions? installation order?
thanks for any advice, will keep you updated...
dual 280X is nice...win 7 64 bit, driver: 12.8 for optimal hash rate. Settings see consolidated litecoin mining guide here. Am I missing something on mining profitability with these new ATI 290 non-x cards? The card itself is $400 and based on the figures of 880khs and 276watts, my ROI on just 1 card all by itself would be nearly 100 days, assuming a static difficulty. Am I leaving something out of the calculation or are these figueres simply risks you guys are willing to take? |
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As I understand it, then 100% of all hashing resources will be to process transactions?
1) how will the system distribute transactions to be processed (for that matter, how does it happen now)
2) can you bypass fees altogether by using your own wallet and hashing to process the payment?
3) will pools then cease to be viable?
4) since fees will be based on byte size of transaction, what impact will using different bitcoin addresses for each transaction be versus nout having different ones?
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I think the ledger size will be an issue, eventually. Consider if in a few years BTC does take off as the de facto standard digital currency (which at this point, looking like it will be the one, its just adoption time that is an issue) then what about when transaction rate REALLY starts to kick in. the 1/3 and 2/3 thing wasnt stictly the de/centralized type of scenario issue as much as it was regarding a published vulnerability regarding possibility of a large mining pool running rogue code that would find a block buy not immediately publish the coins so as to get a jump on crunching on the next hash. see http://www.scribd.com/doc/181412760/Bitcoin-Mining-Vulnerability-Paper Although obviously this wouldnt be an issue (I dont believe) after all coins have been dispersed from the protocol. |
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Personally i find myself in the same position as you.
I've been studying cryptocurrencies for the past while and I'm ready to believe LTC will be BTC's biggest competitior. Everything in business has competition and since LTC is still new and easily mineable you could get started mining them with a 2000$ setup and see a return in 4-6 months. (Obviously there are many variables to look at to get a good estimate.... but you get the point).
Right now BTC has 5.6 billion of the market capitalization while LTC is now in second place at roughly 100 million. The runner up has only 15.5 million of market capitlaization. Of course, I dont believe LTC to ever get as high as BTC seeing as it was first and most known but it will definitely double, triple, maybe even quadruple within the next 6 months as people are looking for more lucrative cryptocurrencies to mine.
So I say start mining LTC ASAP, you wont regret it!
I would suggest running some scenarios through a mining predictor webpage such as http://dustcoin.com/ or http://www.coinwarz.com before buying any scrypt based mining gear. |
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Such as size of the ledger, risk of the 2/3 vs 1/3 mining ratio and hiding hashes, etc? And/Or even more ideally, one that implements some kind of escrow.
There is a thread in the regular forums that Id like to participate in but Im a noob.
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