A warning about Alt-Coins

[therealjonnyd]

I try to mine LTC here and there, it seems OK. I'm too worried about the exchange rates dropping. We'll see what happens when the bitcoin network gets hammered with all these ASIC's.

[elend]

Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

I bet thats the kind of thinking many had about Bitcoins in the beginning but look where it is now. I am not bashing you in anyway, I just feel like qualifying your statement. People should really research what their going into because maybe one of the Alt-coins will have a boom like BTC.

I would be interested to hear
which coins more exactly - you think -
will see a boom like Bitcoins ?

Which one(s) is(are) your favorit(s) ?

[kaputt]

Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

I bet thats the kind of thinking many had about Bitcoins in the beginning but look where it is now. I am not bashing you in anyway, I just feel like qualifying your statement. People should really research what their going into because maybe one of the Alt-coins will have a boom like BTC.

I would be interested to hear
which coins more exactly - you think -
will see a boom like Bitcoins ?

Which one(s) is(are) your favorit(s) ?

There is no way to tell what will take off, because there are so many factors that determine why a coin does well. I think digitalcoin has a useful benefit to it and I am seeing community support. Unfortunately, I don't hold much of it, but I would like to see it gain acceptance, because I would like to one day make live retail purchases with a *coin.

[kevindeangelis]

Anyone know how to reduce stales when mining low diff alts like WDC?

...or, anyone know of a site that shows % stales (or how I can calculate it) for the type of coins?   I'd like to show that on my site. thanks!

[orzdrick]

Thank you for making this thread, super helpful.

[Preschoolv2]

Thanks for this thread.

[Larman44]

is there a good namecoin wallet out there?

[izanCoin]

I think the altcoins are what bitcoin needs because if everyone was mining bitcoin the difficulty would increase like crazy.
Also the whole fun of mining would be gone. These altcoins are fun to mine because on low hardware you could mine several coins a day.
Personally i think besides litecoin, that yacoin has a good chance because of the CPU-only mining.
But only time will tell.

[hennessyhemp]

I would say infrastructure is a key component to Alt-coin growth...of which LTC is king.  With many gambling sites and even the occasional floating city, LTC has the backing of you, the newbie who still wants to ride the elevator from the ground floor.  While technically it's a little late for that, it is still fairly early in all of this...and you are lucky to be here. 

I am holding bitbar, so I like it, but read up on it and decide for yourself, BTB could become a huge hit worth vast sums, or fall on its face...much like Bitcoin itself. 

One I am particularly interested in is Netcoin (the real one being developed by TacoTime...watch out for scam versions on this site which people are trying to capitalize on).  It's being announced ahead of time, it has ASIC resistance, and personally, I think the average person can grasp a "netcoin" even more than a "bitcoin"...we are not average on here, so this may seem odd to you...but the average populace has no clue what a bit is, much less a bitcoin...but they all know what the net is.  I just have this feeling people will adopt it quickly, and with BTC as our flagship, we are already creating the infrastructure it will run on. 

Keep an eye on TacoTime's posts if you want to really get in on the ground floor of something.

[rdrdigital]

my two bitcents say the two coins with the most long term potential is PPCoin and Litecoin which both offer something distinct and of major advantage over btc.  its still so early in the game that any crypto currency can have a great chance right now!

[kevindeangelis]

I recently added a section for pools on my site www.WhereToMine.com - Can anyone recommend a pool (or some) that I should add to the list?

Thanks!

[nagatlakshmi]

Thanks for the information

[fast-coin]

I recently added a section for pools on my site www.WhereToMine.com - Can anyone recommend a pool (or some) that I should add to the list?

Thanks!

interesting site, but several new ones are missing

[OmarG]

I recently added a section for pools on my site www.WhereToMine.com - Can anyone recommend a pool (or some) that I should add to the list?

Thanks!

Great site, helps clear some things up profits wise

[kevindeangelis]

I recently added a section for pools on my site www.WhereToMine.com - Can anyone recommend a pool (or some) that I should add to the list?

Thanks!

interesting site, but several new ones are missing

Thanks!  I just set it up last week.  Right now, I only have the sources listed from coinchoose but, I can merge in any other sources - I just need to get the APIs

[silverserpent]

I recently added a section for pools on my site www.WhereToMine.com - Can anyone recommend a pool (or some) that I should add to the list?

Thanks!

Great site, helps clear some things up profits wise

nice, thanks!
can a calculator/comparison for the pools be done, just in BTC?

[silverserpent]

Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

I bet thats the kind of thinking many had about Bitcoins in the beginning but look where it is now. I am not bashing you in anyway, I just feel like qualifying your statement. People should really research what their going into because maybe one of the Alt-coins will have a boom like BTC.

I would be interested to hear
which coins more exactly - you think -
will see a boom like Bitcoins ?

Which one(s) is(are) your favorit(s) ?

is it worth mining Namecoin, while Bitcoin (Guild pool)?

[kevindeangelis]

I recently added a section for pools on my site www.WhereToMine.com - Can anyone recommend a pool (or some) that I should add to the list?

Thanks!

Great site, helps clear some things up profits wise

nice, thanks!
can a calculator/comparison for the pools be done, just in BTC?

oh, good idea, thanks!  I'll work on getting that together.

[djmagicmetz]

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

And none of them have offered anything in the way of major improvements over BTC.

[silverserpent]

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

And none of them have offered anything in the way of major improvements over BTC.

isn't the Diff level / hash rate the only reason(s) peope mine them?