Other Coins

[twitami1]

So, do you all really think all these other types of digital currency will stick around? LTC, FC, etc.

Should I be mining them, and if so...which ones?

Thanks!

[Mr. White]

In my opinion, I would stick with BTC, LTC and yes, Feathercoin, but, we dont know where FeatherCoin is going just yet, it is making it's way. And Like with BitCoin, you never know, it could skyrocket, or, not... All of this is a risk just like the market...

[austinwillis81]

There is no guarantee that any of them will stick around but your best bet would be BTC, LTC and I wouldn't say FC yet but it has had a HUGE amount of support for such a new coin which is promising.

[binaryFate]

Try to make your own opinion of their respective advantages.
For instance, feathercoin is the exact same as litecoin appart than it has more coins, but since we deal with float number that are divisible, who cares? Much of the interest thus can come just because something is new, and so many people missed the BTC train they want to catch up early on something. But it might just being worth nothing in little time, who knows.

Personally, I trust BTC on the long-term, and LTC on the middle-term. The rest is gambling.

[AvenG]

Personally, I trust BTC on the long-term, and LTC on the middle-term. The rest is gambling.

+1

[Kattywampus]

Personally, I trust BTC on the long-term, and LTC on the middle-term. The rest is gambling.

Binary Fate has it spot on in my opinion. Depending on how you want to invest will depend on what coin you choose to put your money in.

[sgbullion]

Look at what you think will grab the most market share. We are in a time much like when JP morgan and Carnegie were building their businesses lots of unknowns. some hit it big with electricity and such but most lost their shirts. In gold rushes the ones who made the money were the ones who supplied the miners. So the people who will make the most are those making the mining rigs.

[bitcl1234oinfever]

Anyone have any info on feathercoins? I have read a few things, I like litecoins in addition to bit but not sure about PPcoin and some of the others you see out there.

[lostofctrl]

LTC for ASIC semi-proof (for now)

[fasmax]

Currently half of my hashing power is for mining BTC the other half is for LTC.
If that tells you what I think.

[bitcl1234oinfever]

Looking to buy litecoins. Can pay with either moneypacks or paypal or western union. I will only buy with escrow or long time posters here. Message or email me.

[DeanK]

So, do you all really think all these other types of digital currency will stick around? LTC, FC, etc.

Should I be mining them, and if so...which ones?

Thanks!

I started with LTC and PPC,, both now have a higher mining profitability than BTC.

[CryptoCurrencyMiners]

Litecoin is the way to go at the moment.

[JohnGalt]

For instance, feathercoin is the exact same as litecoin appart than it has more coins, but since we deal with float number that are divisible, who cares?

What do you mean by "float number"? I took a quick look at the code and it looks like it uses 64-bit ints with 8 fractional digits, just like BTC and LTC.

[binaryFate]

For instance, feathercoin is the exact same as litecoin appart than it has more coins, but since we deal with float number that are divisible, who cares?

What do you mean by "float number"? I took a quick look at the code and it looks like it uses 64-bit ints with 8 fractional digits, just like BTC and LTC.

I don't mean that it is using the "float" type of C++, I mean that the possible values are float numbers with up to 8 digits after the point. So it does not really matter if you have 10 times more or less coin, as long as you don't reach such tinny value that you're limited by the 8 digits. Unless you reach that point, there's no rational to say that "more coins" is an advantage (or a weakness neither)!

[AZIZ1977]

CNC introduction wasnt as expected and is taking FTC with it down.

[cleopatra]

Honestly they are just a way to make a quick buck when it goes up rapidly then they rapidly fall back down... You have to get in the boat quick enough, but stick with BTC and LTC

[herbalist420]

I start with BTC, than LTC and PPC for the last one that could ......

[JohnGalt]

For instance, feathercoin is the exact same as litecoin appart than it has more coins, but since we deal with float number that are divisible, who cares?

What do you mean by "float number"? I took a quick look at the code and it looks like it uses 64-bit ints with 8 fractional digits, just like BTC and LTC.

I don't mean that it is using the "float" type of C++, I mean that the possible values are float numbers with up to 8 digits after the point. So it does not really matter if you have 10 times more or less coin, as long as you don't reach such tinny value that you're limited by the 8 digits. Unless you reach that point, there's no rational to say that "more coins" is an advantage (or a weakness neither)!

Sorry for being pedantic, but that is not what "float" means. "float" is "floating-point" which is the opposite of "fixed precision". It is a term in computer science describing how a number is stored. A floating-point number has an exponent that specifies where the decimal point goes. Scientific notation is a natural way to write a floating-point number.

I think the proper term to use here is "non-integral", which means that it can have a fractional component. You could also call it a "rational" number, but the meaning is very broad. I think "non-integral" is the best.

[whitefeather]

What would be an optimal rig (conceptually, not looking for specific hardware) to mine LTC? I have GPUs and BFL FPGA singles that I have been using to mine BTC; however, I was told that if I wanted to mine other cryptocurrencies, perhaps I should focus on TerraCoin since I can use my current equipment for that. I was also told that my current stuff won't help with mining LTC. Was that advice accurate? Thoughts appreciated. Thanks.