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Author Topic: Do we have too many alt coins?  (Read 5949 times)
bitcoinminer007
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August 12, 2014, 11:32:24 AM
 #41

Now i am thinking about Bitcoin. But i have also heard that altocin mining is also profitable. Its becoming more profitable than Bitcoin. I am gathering information about Altocin mining. I will switch to Altcoin mining.
DjPxH
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August 12, 2014, 11:33:31 AM
 #42

Now i am thinking about Bitcoin. But i have also heard that altocin mining is also profitable. Its becoming more profitable than Bitcoin. I am gathering information about Altocin mining. I will switch to Altcoin mining.

The main thing that is more profitable is that mining altcoins is in most cases still possible with a CPU or GPU, since there are no dedicated ASICs available for the altcoins, so everyone can just go ahead and mine them with their regular computer at home. All the altcoins have a price in BTC.

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franckuestein
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August 12, 2014, 11:37:32 AM
 #43

We have too many altcoins but there are some of them that implemented great technologies to innovate on the crypto-world.

Lots of them are just to "scam" or earn some money but others have great projects behind.

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Kipsy89
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August 12, 2014, 12:37:30 PM
 #44

It's so easy to make one, does it make sense? But think about it, Bitcoin and Litecoin are the same thing.

I like how people get so creative and go to such lengths and create their own altcoins. They even have awesome or incredible features at times. But I also think that there are too many. No one uses them and they're not accepted anywhere! I guess I'll just stick with bitcoin, man!

maurya78
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August 12, 2014, 01:17:21 PM
 #45

No alt coins have a crucial role to play in the ecosystem
http://www.coindesk.com/need-altcoins-can-get/

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August 12, 2014, 01:47:02 PM
 #46

There are some innovative new alts but it's getting harder and harder to find them due to crazy influx of crapcoins.

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HarmonLi
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August 12, 2014, 01:53:46 PM
 #47

There are some innovative new alts but it's getting harder and harder to find them due to crazy influx of crapcoins.

It seems every new altcoin is just another attempt at pumping and dumping it. People are diversifying and trying to catch the next bubbling coin, so there are always stupid people who buy the latest hype-coin!

Pony789
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August 12, 2014, 03:43:44 PM
 #48

99% of altcoins are simply clones by just changing some magic numbers like block time and block reward, and they are created for pump and dump. So yup there are too many scam coins.

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August 12, 2014, 07:15:33 PM
 #49

Google is the best friend for alt-coins clon developers... just take a look on it Cheesy
We need to innovate, not to copy.

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Skrillex
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August 12, 2014, 09:07:58 PM
 #50

Yes we do, and they are not stopping anytime soon  Cry
Hash Master
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August 13, 2014, 11:17:00 AM
 #51

I think Litecoin is the less risky alternative of Bitcoin. If you feel like the mining hardware is too expensive or you are not sure about the ROI after you put some money in btc, maybe it's better to start off with Litecoin and eventually move to Bitcoin.

I've seen people put all of their savings in btc and they ended up... broke. There is risk in everything though.
Jamie_Boulder
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August 13, 2014, 11:21:24 AM
 #52

There's only 2-3 besides bitcoin that I take seriously, the rest are either irreverent or a scam.

Fraxinus
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August 13, 2014, 11:41:52 AM
 #53

There are a lot of altcoins and although some of them seem really promising,a big portion add nothing new and just bring more chaos.So yes,I think we are at a point where we are bombarded with altcoins and I suspect this trend will go on.  Wink

Bitsaurus
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August 13, 2014, 12:16:57 PM
 #54

Look at this.  I think we can squeeze out a few thousand more turds:
http://mapofcoins.com/
hannscryo
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August 13, 2014, 01:25:55 PM
 #55

I think we shouldn't care about the numbers of altcoins because sooner or later one of them will replace bitcoins.
hopenotlate
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August 13, 2014, 01:33:34 PM
 #56

Look at this.  I think we can squeeze out a few thousand more turds:
http://mapofcoins.com/


lol...at a first, quick, read of your post I tought you were linking us to another, recent, crapcoin.

Then I clicked on it and found that cool site

thumbs up

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August 13, 2014, 03:54:13 PM
 #57

I think we shouldn't care about the numbers of altcoins because sooner or later one of them will replace bitcoins.
I not agree with this theory that any one going to replace bitcoin because Gold is unreplace able and bitcoin is also

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August 13, 2014, 04:16:19 PM
 #58

Yes we do! how can this forum handle all the trafic in the alt section?
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August 13, 2014, 04:19:04 PM
 #59

Yes there are too many altcoins and some might not be of my knowledge yet.  Tongue
It make sense to those coin creators that could earn a lot from it.

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August 13, 2014, 05:49:41 PM
 #60

Yes there are too many altcoins and some might not be of my knowledge yet.  Tongue
It make sense to those coin creators that could earn a lot from it.
and small investors are going down too much just because of these creators hypocrisy just because of this admin block many things here on this forum

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