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21  Alternate cryptocurrencies / Altcoin Discussion / Re: WANTED! DEV/programmer GENIUS to partner in launching exciting new ALT coins on: December 27, 2013, 05:31:06 PM
I think a point of interest here is that you seem to think each coin needs a very specific use. I find this to be very limiting. A truly useful crypto currency can be used in as many ways as you can think of. Instead of trying to start multiple coins you may do best consolidating your work into a single coin that you put all your effort into. If you find out it wasn't what you hoped, use your new experience in the field to make an even better one. I will put some thought into what I would want a crypto currency to do that hasn't already been done. Honestly, off the top of my head, we need a crypto currency that has a value of 1:1 with an existing fiat currency. In effect the purpose would be to make it very easy for someone to make a purchase online without the vendor having to worry about the conversion rate of the coin to normal currencies. This of course has many holes in it because there is no true way to limit the amount of the coin that would exist. The same danger of a business like the Federal Reserve increasing the amount of money in the system occurs. However, if the exchange rate is ALWAYS 1:1 and there is no limit to the amount of the coins that can exist the coin could be successful. However it undercuts so many of the idea I think are very important in the crypto system such as having a coin cap. The only real use of the currency would be to use payment systems with very small or no fees. It would also require a lot of security to make sure people don't just magically create money. All in all this system seems limited at first, but you could add additional features to it to make it useful in ways besides exchanging directly for USD or whatever base currency you chose.
22  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining Doge with my MBP Using Asteroid on: December 27, 2013, 05:17:27 PM
Here is the thing, purchasing coins is accessible to anyone. Trading is also easily available to anyone by using an exchange. Mining may not be, but the point of mining is to use the most efficient equipment to produce the largest payout. There are many FREE options out there for cloud mining services trials. I would recommend using the amazon AWS service and trying to point it at a CPU coin like PTS. In the computer world everything gets 2x better every 18-24 months. http://en.wikipedia.org/wiki/Moore's_law

This is an alright explanation on why hardware from a few years ago is so inconsequential in comparison to newer hardware. There are probably better ones out there. In any case, most people don't feel the need to upgrade because their old equipment does exactly what they want it to. Your old laptop probably does everything but mining just as well as you need it to.
23  Alternate cryptocurrencies / Altcoin Discussion / Re: WANTED! DEV/programmer GENIUS to partner in launching exciting new ALT coins on: December 27, 2013, 04:57:10 PM
If I find the time I will let you know. I am currently working on a project to store long term stats of cgminer. It is pretty infantile so far but I am able to pull values from an active miner over the internet. Between that and school most of my time is consumed.
24  Alternate cryptocurrencies / Altcoin Discussion / Re: Mining scrypt based cryptocurrency on: December 27, 2013, 04:50:50 PM
I'm currently capable of investing around $1000. In my country, that would basically get me a basic system with one 7950, and a power surge protection unit. I'll then be spending around $50 a month on electricity, if I keep the rig active 24 hours a day. This should give me around 600~700 kH/s.

Power surge protection unit is unnecessary, to reduce power consuption per GPU card, use rig with 4 GPU cards.

Woah woah woah. Don't go telling people surge protectors are useless. This is very misguided. A surge protector can save your entire investment. In the US we have what is considered to be pretty clean power, and almost every single electronics person I talk to would call you an idiot for not using one. In another country the power could be even less consistent. Any surge has the ability to destroy your equipment, or reduce the length of it's lifespan.

http://electronics.howstuffworks.com/everyday-tech/surge-protector.htm

A good link on why they are important.

Using less power is always a very good idea, and having as many cards in a single machine that you can uses less power since you have to power less motherboards and processors, but in the end the biggest power hogs in most systems are the GPU's anyways. Just make sure you can properly power each card you buy with the proper power supply. Also, 7950's are an older generation of cards now. They are still price effective but newer cards do even better. Also look up specific settings for your card (not another brand with the same model number) to know what sort of kh/s rates you will be getting at MAX. Many cards are actually unstable at the rates posted online, or at least have been in my experience. Don't forget that getting your rig running optimally will take some effort and tinkering, don't expect things to just work at their optimum out of the box.
25  Alternate cryptocurrencies / Altcoin Discussion / Re: WANTED! DEV/programmer GENIUS to partner in launching exciting new ALT coins on: December 27, 2013, 04:29:27 PM
The images actually look quite good. As a programmer though the very last thing I look at when evaluating a coin is the picture and brand name. This may not be true for everyone but if you want a coding specialist my suggestion is to start looking at how people alter an existing coins software to make new coins. You may not be able to understand a lot of the concepts but in my experience, the more you are effectively able to communicate your wishes the more receptive a programmer will be to working with you. The absolute worst is to work on a project with very poorly defined variables. An example would be "good encryption". That is a very generic term and unless the person you are talking to knows a good deal about how encryption works already they won't really understand your wishes and the project might end up being different then what you wished. I would begin at looking at things like proof of work and proof of stake. If all you wish to do is replace a current encryption used in a coin, the dev you are talking about might know exactly how to do that, and you should consider yourself lucky if you find someone like that, or they might have no idea and spend a lot of time trying to figure out exactly what needs to be changed. I suppose since your entire business model is to provide people with a future stake in your coin, you need to figure out how to provide them with that portion of the coin. If you are doing a premine it might upset people and your coin may not garner the attention you hope it will. It seems that many coins recently have been premined but as soon as people figure it out they tend to lose interest in the coin, claiming developer greed. At least that is the way I have seen it so far. A more experinced member of this board may be able to tell you more. I recommend you move your discussions out of the newbie forum as soon as possible. Everyone posting here is doing so to get out of the newbie forum. It is an excellent place to start but you should get better information in other places. Just be warned they may not be as nice.

Honestly though? In my opinion I think you should find a dev to do the coding, or you should find someone who is already working on the programming end of a coin and offer to be their PR rep. Do all the stuff that most programmers don't like to do. I hate doing graphical design. This may not be true for all coders. I tend to find two types of software programmers, UI programmers, and information programmers. In the end though, most programmers don't do graphic design, they leave that job to the graphic designers. Independent coders may not fall so cleanly into these lines as they have to work on a far broader spectrum of work on a single project.

I like the ambition. If I ever start a project of making an alt coin I will get a hold of you.
26  Other / Beginners & Help / Re: Newbie got some questions on: December 27, 2013, 03:07:27 PM
An ASIC is a computer built solely for one reason. In this case it is to run bitcoin mining I assume. You have to look into what the ASIC is for before you buy it. Well, in general you should look into anything before you buy it. The chances of you making much money off an ASIC is minimal. I guess find a pool and start mining, hopefully you can recoup the cost of the ASIC without spending a ton in electricity. Remember to break even you also need to pay off the electricity cost of running the device. This is the reason that GPU mining is so popular right now, most of the alt coins use ASIC resistant technologies like scrypt. When scrypt ASIC's come out, then people will jump ship to another GPU based mining algorithm. The entire point of doing this is to try and keep ASIC's from taking over every single market. Also, ASIC's have very low resale value where something like a GPU or CPU has a moderate to high resale value depending on the demand for that product. Right now almost every high end AMD card is in major demand because of the profit margins people are seeing. In fact, the demand is so high that almost everywhere that sells these cards has increased the cost significantly. However, this increased cost is still manageable for profit margins. Using a profit switching pool like hashcows people have been earning their money back in a month or two, including electricity costs. Sorry you bought something that might be somewhat worthless now. Try asking around on these forums for some advice before you make your next mining purchase.
27  Alternate cryptocurrencies / Altcoin Discussion / Re: WANTED! DEV/programmer GENIUS to partner in launching exciting new ALT coins on: December 27, 2013, 02:51:41 PM
I am very glad to hear you are taking the input of the forum so far. I respect that you have these ideas and what you are trying to do with them but be warned it might be a lot more work to implement them then you think. The problem is, the only thing you are offering for your work is future stake in your coin. Someone really has to believe in your coin to work on it that much. You may have a lot easier time offering a more immediate solution like paying in bitcoin. I would personally never commit to an idea that still has to have all the technical details ironed out and with such little knowledge about the end product. You may get lucky and find someone but why would someone develop a coin for you instead of developing it themselves when the entire profit comes from them completing the project? Also to give out these rewards you have to premine a coin, something that will cause a coin to die fast or generate a lot of hate from the mining community.
28  Alternate cryptocurrencies / Altcoin Discussion / Re: WANTED! DEV/programmer GENIUS to partner in launching exciting new ALT coins on: December 27, 2013, 01:33:49 PM
Unifying wallets is a horrible idea IMO. Why would I put all of my money into one target for hackers? There is this amazing new concept of being able to have as many accounts for as many coins as you want, spreading out your wealth over multiple deposits and keeping your money isolated. This is an amazing features of crypto currencies. If there was free bank accounts and free credit cards I believe that people would spread their wealth out over multiple accounts and use different cards for different purposes. Putting all your eggs in one basket is usually thought of as a poor investment strategy. It may make things easier for a few people out there, and if you feel that it is an important concept you can pay to have it developed, but I warn you that a large number of people avoid these sorts of things like the plague. Also, saying "Super safe encryption" is going to be seen as a massive trolling statement. If you know nothing of cryptography how can you honestly think to improve things? If you go purely off what a developer claims to be secure you have no real knowledge of how secure it is. Most real cryptography is exposed to peer review and only the good survive such examinations. You can use existing cryptography methods but then what makes your coin new or unique? I like that you want to make something, but if all you do is rip off other peoples ideas you are not making a real product but simply trying to copy other peoples products to trick people into spending money on your product instead.
29  Alternate cryptocurrencies / Altcoin Discussion / Re: WANTED! DEV/programmer GENIUS to partner in launching exciting new ALT coins on: December 27, 2013, 01:18:55 PM
I understand everyone who is new to this game wants to just create their own coin so they can see a large profit in the altcoin game. There has to be unique features to your coins or it will get pumped, dumped, and left to die on the side of the road by people who have been playing this game for longer than you.
30  Other / Beginners & Help / Re: 6GPU rig unstable boot. on: December 26, 2013, 02:46:08 PM
I believe that it is an issue with using 16x-16x risers. I believe you can only use those risers on the 16x slots. I didn't spend the time to look up the board but my assumption is that it doesn't have 6 16x pcie slots. You should be using 1x-16x risers on any of the basic 1x pci slots (the generic white or black ones usually). There may also need to be some pins that need to be jumped on your motherboard to make 1x-16x risers work. In addition, powered risers should be used to make the power draw through the board be less. The more power that you drive through the board the more likely it is that it will wear out faster. Try putting just the slots that fit a normal 16x card with the risers and try that. If that doesn't work it is a problem with the risers themselves. If that does work, see if it happens when you a riser on just the 1x pcie slot. If the cards work just fine with the risers and it only stops when you have that many cards running you may have a power issue.
Hope this helps.
31  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Dogecoin ever be more than a joke? on: December 26, 2013, 12:53:34 PM
http://www.reddit.com/r/dogecoin/comments/1tottg/dogewallet_hacked_21_million_dogecoins_stolen/

There has been a lot of controversy over dogecoin since it came out. Whatever you do, don't use dogewallet. In fact, with any crypo currency, don't use an online wallet to hold your funds. Additional controversy over doge will either run it into the ground or send it to the moon. I personally hope it sends it into the ground. Doge seems to be just another flash in the pan coin. If it ends up becoming huge I think it will adversely effect the entire crypto currency market. Normal people just can't take a name like "doge" seriously, especially when people who have never seen the term think it is "dodge" coin.

How much is that? About 50 dollars? lol

on BTer right now the exchange rate is about 0.00000083 or 83 satoshi. If we say 21 million doge were stolen and sold at that amount it would be worth 1743000000 satoshi or 17.43 BTC. Seems like a lot more than 50 dollars IMO.
32  Other / Beginners & Help / Re: Online Dogecoin Wallet on: December 26, 2013, 12:43:40 PM
I think it is a scam. In the end just don't use online wallets to store anything. If it is always online, it is always accessible, and always at risk.

http://www.reddit.com/r/dogecoin/comments/1tottg/dogewallet_hacked_21_million_dogecoins_stolen/
Here is what the OP is talking about.
33  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Dogecoin ever be more than a joke? on: December 26, 2013, 12:35:38 PM
http://www.reddit.com/r/dogecoin/comments/1tottg/dogewallet_hacked_21_million_dogecoins_stolen/

There has been a lot of controversy over dogecoin since it came out. Whatever you do, don't use dogewallet. In fact, with any crypo currency, don't use an online wallet to hold your funds. Additional controversy over doge will either run it into the ground or send it to the moon. I personally hope it sends it into the ground. Doge seems to be just another flash in the pan coin. If it ends up becoming huge I think it will adversely effect the entire crypto currency market. Normal people just can't take a name like "doge" seriously, especially when people who have never seen the term think it is "dodge" coin.
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