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Author Topic: Why do people create new alt coins?  (Read 1365 times)
larem
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February 05, 2014, 09:11:29 AM
 #21

The best part about these altcoins is that they consume miners hashing power. So please developers, make more coins and take all this new hashing power away on new junkcoins, take them away from DOGE network so I can make more coins here.


This is true! If you stay on one that is tried and true, when others jump off you are able to mine even more. But at the same time, the others are taking the risk of making a lot of bank by jumping on a new coin in the hopes it takes off. Really goes both ways, :p.

redmist
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February 05, 2014, 09:11:50 AM
 #22

I'm guessing a lot of it is because they can become early adopters and then hope their coin becomes the next big thing (or they just want to dump as soon as it hits an exchange).
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