You were kinda sounding like a little bitch like this the other day when you were talking about Feathercoin.

I've never seen someone actually be such a little whiney cunt about making money.

So you mine BTB too..

substrata :No need for you to post on clone accounts, just be a happy troll.

Then why be such a hypocrite? Call a coin a scam and then proceed to buy it?

For someone to think he's that intelligent, doesn't this come off as pretty stupid?

BITBAR is so preciousssss

my advice is if you want to join a pool, make sure u know the owner is legit.

lol.  He's just rebooting the server. 

Nothing against the guy but that pool op doesn't appear to know WTH he is doing.

Hopefully it will mostly be Ripple clones by then, mining almost obsolete, an obscure geek cult thing they do because of some intrinsic loner aversion to "consensus" or something.

(But, BTC IOUs will be worth a lot nonetheless hahaha. )

-MarkM-

Indeed, I cant help feeling the same way. I am not afraid that these new alts will destroy any confidence in cryptos att all. Just check the wiki and look for dead coins. There is plenty of them and more to come.

I don't think you understood. How long do you mine before selling? Is the price when you have actually mined the coin still as good as it was when the sites told you to go mine that coin? Also it is not difficulty but actual hashing currently happening that decides your real chance of getting coins.

Re-read my post maybe.

-MarkM-

Such websites probably work best if you take a contrarian approach, unless they actually can compute the hashing power on a coin by timing the blocks or something.

If they just look at the difficulty, which for some coins won't change for a long time, then probably when the difficulty goes down so many miners jump on it imagining it is profitable as reported by such sites that actually you are less likely to find a block than when difficulty is higher and all the miners move elsewhere.

Plus the exchange rates too are probably misleading, as a good rate is not something you are likely to get in a few hours when you have actually managed to mine some of the coins, it is something the people who already mined them back when such sites claimed they were "unprofitable" that have coins on hand to sell that those good prices. By the time you actually mine some - assuming you even get any since the whole gangbang crew will all be there too all thinking it is "profitable right now" - the exchange rate will be back down again from people who already got the coins skimming the good prices.

So doing pretty much the opposite of what such sites indicate is very likely more lucrative than following the lemmings who believe such sites.

-MarkM-

That is like saying adding another stock to the stock market will dilute the ones already there and ruin the credibility of the others. For every Worldcom and Enron there are other stocks that have more trusted and have true value.  Maybe what we need is a market of sound analysts that can weed out the fly by nights from the more legitimate coins.  But for that you need to have a more mature market. 

Welcome to the days of the bucket shops!  If you ever get a chance to read Reminiscence of a Stock Market Operator please do so.  You will perfectly understand what is going on right now in the cryptocurrency market. 

Point 4 is the error, I think.

I have many times in the past suspected deliberate attempts to legitimise established things by proliferating "illegitimate" competitors.

For example take the concept of the protection racket, aka police.

Having tons of gangsters and bandits and muggers and pickpockets running around actually helps the racket rather than making it seem illegitimate.

Basically any new thing that starts to see an "edge" to be gained in "legitimacy" needs "illigitmate" similar things to point at to "justify" all kinds of special advantages being given to the "legitimate" ones, ultimately leading to "regulated industries" and "licensed professionals" and so on. It is an age-old racket so it behooves those who want Bitcoin to gain "legitimacy" to proliferate oodles of "illigitimate" similar things to point at so they can argue that bitcoin / bitcoin-business needs special treatment, legislation, licensing and so on and so on.

Age-old story, boring.

The more people get ripped off by imitators of bitcoin, the more bitcoin can argue "you should have used the Real Thing (TM Pepsi-Colgate-Palmolive-Corp?)"

-MarkM-

You're an idiot. Satoshi's dream is thriving. He didn't make bitcoin for you to get rich. He made bitcoin to pass on an idea that the world could then expand upon.

Learn the concept of "open-source".