First rule: Anything named after bitcoin other than
Bitcoin is a pump&dump coin. But here's the good part, most of them are useful for day traders and miners since it will surely be pumped after a while as long as it has a huge user base and just got started.
Second: When the site was deliberately named after another, it is a 100%
red flag. Even though it has a community and fairly low price, there's no assurance that it is legit. Example is
Bitconnect, it has a huge price & large community but it was a scam all along.
Chances that it is a scam is high, if you have a good GPU with high Memory Bandwidth, why don't you mine Grin instead (
It looks like it was endorsed by theymos). That alone lured me into Grin.
Grin mining nowadays is not as profitable as before after the launching it to mainnet the difficulty increases too fast I mine a grin coin but I stopped due to fast drop of rewards per day. Also, the mining software like bminer or even the generic miner after mining of 30 minutes the rig hang or freeze that is why I stopped mining it.
So I am now focusing on other coins instead to mine where I can get more rewards than grin coin.
in my opinion whatever the name is by bringing the name bitcoin in their part I think is legitimate.
but still, the real '' Bitcoin '' and it is clearly admitted that it is rate of all crypto currencies that we must trust and always support.
all will be a good value when the value of bitcoin has returned high.
so we have to think smart if we see projects that include the name bitcoin and declare development or a new innovation from bitcoin.
Well, I don't know but I tried searching this coin on the forum but it has an old issue here about ICOs it seems that they abandon this project before and run the invest that is why I ask it here to know.