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Author Topic: Namecoin prices plummeting - opinions?  (Read 14830 times)
imperi
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July 04, 2011, 03:09:42 PM
 #81

http://tvori.info/bitcoin/charts/

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Each 100 MH/sec would give you 0.07292715 BTC/day. At rate $15.010 per BTC this gets you $1.0946/day
After next difficulty update - 0.06341688 BTC/day and $0.9519/day

If you decide to go after Namecoin instead, the numbers would look as following:
1.79990022 NMC/day, 0.0350 NMC/BTC ($0.5257 per NMC), and $0.9461/day.
After next Namecoin diff update: 3.86236812 NMC/day and $2.0303/day.

I wonder if this trend upwards will continue. Namecoin mining is nearly as profitable as Bitcoin mining now.
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Fakeman
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July 04, 2011, 05:54:31 PM
 #82

Duh, I was misreading "Instant" difficulty as being the current difficulty at http://dot-bit.org/tools/nextDifficulty.php, I thought that "Last" was the difficulty last time. Mining BTC to buy NMC is of course the better strategy right now, but if everyone does that then the difficulty will never come down.

16wEsax3GGvJmjiXCMQUWeHdgyDG5DXa2W
grod
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July 04, 2011, 10:32:17 PM
 #83

Sure it will.  Around the 21st of the month the namecoin difficulty will be a tiny fraction of bitcoin (I estimate 20k or less for namecoin, 3 million for bitcoin).  For a brief, shining moment with all of us dogpiling on namecoin to generate all 2016 blocks in less than 24 hours the BTC difficulty will drop. =)
imperi
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July 04, 2011, 10:43:50 PM
 #84

Sure it will.  Around the 21st of the month the namecoin difficulty will be a tiny fraction of bitcoin (I estimate 20k or less for namecoin, 3 million for bitcoin).  For a brief, shining moment with all of us dogpiling on namecoin to generate all 2016 blocks in less than 24 hours the BTC difficulty will drop. =)


There should be a name for this occasion, since I suspect it will be periodic.
imperi
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July 04, 2011, 11:44:02 PM
 #85



Namecoins on the rebound? Just hit 0.0388.
JohnDoe
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July 05, 2011, 08:45:48 PM
 #86

Currently it is slightly more profitable to mine NMC than BTC. It'll be interesting to see if the price maintains after Bitcoin's retarget tomorrow.
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July 07, 2011, 09:48:11 AM
 #87

Hello,

I think Namecoin has quite a good potential.
The idea itself is really good.
Sure, currently you could get more out of Namecoin but that's not the only Point.

regards, talpan
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