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Author Topic: A warning about Alt-Coins  (Read 901638 times)
guybrushthreepwood
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January 13, 2014, 03:01:21 PM
 #3001

New here and had a question. Where is the best place to find new alt coins that are coming out? I figure if you can get in and mine them even for the first few hours you can grab up a bunch of coins and then hope for the best for that coin later on. Is this sensible or should you stick with a select few coins and mine them as much as possible what do you look for in a alt coin? Thanks!

Most coins are announced or pre-announced here in the alt coins section.

Problem is that a billion new alt coins are released every day

It's not a problem as they're mostly worthless and not worth your time anyway.
boy2k
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January 13, 2014, 04:00:24 PM
 #3002

its going to get alot worse lol... with auto generated coins coming out all over Smiley
guybrushthreepwood
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January 13, 2014, 04:08:44 PM
 #3003

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.
zanzibar
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January 13, 2014, 04:22:28 PM
 #3004

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.
guybrushthreepwood
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January 13, 2014, 04:29:42 PM
 #3005

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.
sase007
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January 13, 2014, 04:34:09 PM
 #3006

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.

Exactly...

If you have coin without miners & (or) investors, coin will die in few weeks...
zanzibar
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January 13, 2014, 04:36:23 PM
 #3007

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.

I've bought some Nxt and will most likely invest in eMu, not really interested in BTC clones at this point.  
guybrushthreepwood
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January 13, 2014, 04:38:43 PM
 #3008

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.

Exactly...

If you have coin without miners & (or) investors, coin will die in few weeks...

It'll die straight away if no one mines it lol.
sase007
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January 13, 2014, 04:40:42 PM
 #3009

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.

Exactly...

If you have coin without miners & (or) investors, coin will die in few weeks...

It'll die straight away if no one mines it lol.

Well it take a while to delete all mining oportunities such as pools, coin web-side etc so...
sniksen
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January 13, 2014, 05:32:21 PM
 #3010

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.

Exactly...

If you have coin without miners & (or) investors, coin will die in few weeks...

It'll die straight away if no one mines it lol.

Well it take a while to delete all mining oportunities such as pools, coin web-side etc so...


Miners run the entire network. No miners = no network.
mek300
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January 13, 2014, 05:33:15 PM
 #3011

Exactly. Just like now anyone can spend $.50 to purchase a domain name and set up ones own website.

But google.com is worth $1140.02 a share right now.
crisdoe
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January 13, 2014, 05:38:56 PM
 #3012

i've bought some NXT and will now invest in worldcoin & quark. good idea? what do you think?
guybrushthreepwood
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January 13, 2014, 05:51:10 PM
 #3013

its going to get alot worse lol... with auto generated coins coming out all over Smiley

Indeed, but the market will become so saturated people probably wont even bother mining most of them.

Yep, exactly.

Maybe one or two will come out that have some unique or interesting features, but most will just die off or be minded by only a handful of people. It's the peeps who jump on these coins that propagate their existence. If nobody mined them they'd die straight away.

Exactly...

If you have coin without miners & (or) investors, coin will die in few weeks...

It'll die straight away if no one mines it lol.

Well it take a while to delete all mining oportunities such as pools, coin web-side etc so...


Miners run the entire network. No miners = no network.

Yeah, without miners your currency is dead in the water before its even jumped in the pool.
Dizzy21
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January 13, 2014, 06:31:48 PM
 #3014

Im mining Noblecoins and 42 what do you think? Is it ok to invest time in it?
blaster51
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January 13, 2014, 06:37:43 PM
 #3015

Today i started with DigiByte but only mined like 90 it's so low, cause 1 block is like 8.000 after 3rd day
What do you guys suggest
J.Pinkman
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January 13, 2014, 07:03:31 PM
 #3016

Im mining Noblecoins and 42 what do you think? Is it ok to invest time in it?

yep
macamba
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January 13, 2014, 07:09:27 PM
 #3017

i Guess it's time to mine some digibytes.
It's hard to find the right coin when there are so many new coins coming out every day.

ismoney
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January 13, 2014, 07:35:22 PM
 #3018

42 really seems cool
factory0
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January 13, 2014, 07:58:07 PM
 #3019

It's really hard to find nice altcoin.. but digibyte looks great for now!
Chofoe
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January 13, 2014, 08:00:16 PM
 #3020

Just test :F
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