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Author Topic: A warning about Alt-Coins  (Read 901638 times)
imaclick
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May 18, 2013, 05:06:12 AM
 #221


Most Alt coins are completely pointless and just poor replicas of what's already out there with little to no improvement.

The second quotation explains why, very few actually do something new.  Most coins are just a slight tweak of BTC or LTC then a new name is given to it.

As long as you can trade across the digital currencies, they're all basically an extension of Bitcoin. Notice how Bitcoin dropped $40 right after Feathercoin moved onto exchanges for trading? Alt currencies are a slick way to dilute Bitcoin.

a lot of ppl mine alt-coin just to trade for BTC, that's true, and sometime that makes more money than mining BITcoin itself, that way ppl hopping around for alt-coin.
zxcv
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May 18, 2013, 07:31:48 AM
 #222

anyone mining worldcoins? curious about the exchange rate
bbanana
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May 18, 2013, 08:54:48 AM
 #223

t's hard to say which coins will gain in value in the future
marcelus
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May 18, 2013, 01:17:52 PM
 #224

I love alt-coins.
bitwolf
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May 18, 2013, 02:14:27 PM
 #225

im mining them
HD7970Cuda
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May 18, 2013, 02:31:01 PM
 #226

royalcoin very good, because low difficulty

BitcoinNew: 15s1WVvieoeCEmQh2ee9Q8HV9YHyyC9QGY
Tywill
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May 18, 2013, 02:58:54 PM
 #227

I think alt-coins are the way to go
Tywill
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May 18, 2013, 02:59:41 PM
 #228

What about worldcoin?
Le lubéron
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May 18, 2013, 03:18:15 PM
 #229

I agree with OP, most Alt coins are just pumped-dumped shortly after.
yup
Tywill
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May 18, 2013, 03:28:38 PM
 #230

mining worldcoin now, looks promising
bryan567
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May 18, 2013, 03:44:41 PM
 #231

There's no harm in mining them, but yea buying is definitely a risky bet.
Tywill
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May 18, 2013, 03:51:02 PM
 #232

buying is always risky though, mining is the way to go!
SM411
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May 18, 2013, 06:10:47 PM
 #233

I would continue mining bitcoins, because theyr worth something, and would keep some value for a long time.
mepsipax
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May 18, 2013, 06:24:23 PM
 #234

How about Feathercoin, do you think these have a chance?

TB2MDU-WEZH5M-ODG4FI-6TWSTO-VVLAKO-TVIZO7-4XCK
p_wetsteijn
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May 18, 2013, 07:20:44 PM
 #235

Worldcoin, Feathercoin as soon as diff will lower maybe
Smerks
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May 18, 2013, 10:50:01 PM
 #236

Im wondering if it pays to solo mine LTC? I have a HD7970
Loktera
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May 18, 2013, 11:43:21 PM
 #237

Im wondering if it pays to solo mine LTC? I have a HD7970
You'd need a farm of them to solo mine at this point; I think 20Mh/s is the minimum you want before you start solo mining.
Loktera
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May 18, 2013, 11:45:35 PM
 #238

definitely mining worldcoins... only one with a decent name and image... in terms of exchange rate, check out the google doc wdc/ltc exchange
They're also the most profitable to mine right now by a significant margin.
santapedofil
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May 19, 2013, 12:10:13 AM
 #239

definitely mining worldcoins... only one with a decent name and image... in terms of exchange rate, check out the google doc wdc/ltc exchange
They're also the most profitable to mine right now by a significant margin.

i mining solo wcd, but royalcoin its some good like wcd Smiley
loboferoz
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May 19, 2013, 12:11:49 AM
 #240

I am holding LTC for speculative reasons.  The world is just now waking up to Bitcoin.  It would be too much to overwhelm people with altcoins at this point.
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