When will the madness end?

[Coinbrah]

Like, aren't we getting a little exhausted from chasing two coins per day? Is anyone else evening mining these things anymore?

Discuss.

[nearmiss]

it ends when people stop buying them. So far that hasn't really happened, especially with cryptsy now out there.

[swordfish6975]

It ends when people don't care anymore....

I predict a week from this post

[Coinbrah]

I really can't even tell which coin is the newest anymore.

[RyNinDaCleM]

Back in '11, we saw the same thing though not nearly on the scale as we are now. It will pass, and every released coin just dilutes the "get rich quick" mentality that drives these new coins.

[bitcoiners]

@op.

It won't.  As long as people can make money on releasing a new coin every single day, nothing will change.  Too many idiots going around.

[cebb]

@op.

It won't.  As long as people can make money on releasing a new coin every single day, nothing will change.  Too many idiots going around.

But people can't make money if coins are announced at this rate.

From a small miner's perspective (1 MH/S) :

5 weeks: FTC was very profitable
4 Weeks: CNC was profitable
3 weeks: YAC was mildly profitable
1 week: Digicoin was barely profitable
1 Day: Fastcoin = Not sure if the latest announced fastcoin will be even worth the electricity i am spending!!


I am saying NO to any more alt coins mining unless there are some serious innovations in the coin.

[Peter Lambert]

it ends when people stop buying them. So far that hasn't really happened, especially with cryptsy now out there.

You mean people are actually buying these crap coins? I guess there are people willing to gamble on anything.

[thisnewcoin]

lol, you think CNC, YAC, FTC, DGC etc are not junks? they are exactly the same as others we see today created, be it the AMC, USC, FST, etc etc, they are exactly the same!

As long as people want these junks, I don't see an end, and I don't see why we want to blame these dev at all.

[mika1977]

I say no too, enough with all BS every day, going to mine only and only btc.

[KrLos]

i was thinking the same, i stopped at YAC, i'm done now with these alts

[baconcooledcomputer]

i was thinking the same, i stopped at YAC, i'm done now with these alts

Same. Looks like YAC was also pumped and dumped pretty hard, even being a CPU-only coin.

[fendlestick]

I went back to the BTCe coins after my DGC dump order filled.  To much risk of wasted mining time.

[hammz]

news is all penny stocks will soon be banned from the stock market, because it was just too annoying for some people...quote: screw them, and their business,  says the uber supreme overlords of all that can exist in the universe, if we don't totally likes it, and shiz,  it shall not pass... /quote  

[CanadianGuy]

its less productive than a bottle cap collection

[qwerty1231121]

There are no coin that's truely innovative. Wonder who's actually buying the junk coins. Especially the ones who buys so early at such a high price.

[Artyom]

CNC, YAC, FTC, DGC

The names of all these junk coins remind me names of graffiti crews.

[whitedragon]

I've said a few times that chasing these new coins or whichever coin is "King of the Day" on coinchoose is a waste of time.  My primary interest in crypto is mining (though I'm not a big time miner)...but I have stopped checking for new coin releases and even stopped checking coinchoose.  The last new coin launch I bothered to mine was Nibble, because I thought it was a fair launch and the coin has more potential than most of the others.  Other than some part time Nibble mining I stick to Novacoin (difficulty isn't astronomical and stable price) or Litecoin.

[fendlestick]

Gotta agree NVC is looking good to mine.

[joele]

The good thing here is it divide the hashing power of all miners.