fallensound
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June 17, 2013, 02:13:33 PM |
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History shows that there is usually one clear winner with 1-2 secondary players taking < 20% of the market. My bet is that BTC, LTC and another (zero if it's successful) will be the top three. My current mining strategy is BTC 2/3 LTC 1/3 but that will probably be BTC 1/3 LTC 2/3 in the coming months as difficulty increases.
Obviously sites like coinchoose allow you to find out the most profitable at the moment but they ignore the LTV of the currency. Similarly do all profitability calculations for ASIC's etc - if coins increase in value c.f. fiat by an order of magnitude like a lot of people suggest, then pretty much everything will be profitable.
I tend to think with the coming LTC announcements there will be a rise in the currencies value.
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Sebacious
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June 17, 2013, 02:14:43 PM |
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Right now feather coin is more profitable than litecoin.
Feathercoin is pretty much dead, the profitability is an artifact of the 51% attack it underwent.
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maursader
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Disrupt the banking system!
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June 17, 2013, 02:23:36 PM |
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My prediction (and I seem this somewhere in these forums) is that:
Bitcoin: Will be used to make major purchases like homes, cars, large and highly valued goods. Litecoin: Will be used for more common everyday transactions, and also for more expensive goods. Feathercoin (or other alt): mostly used for every day transactions, small purchases online, etc.
Because people are used to the idea of a "whole" currency. Imagine selling something for 0.00035 BTC. Yes, I am aware of the microcoins as being lower denominations, but people (and I will say this as a miner myself) tend to enjoy mining/spending (for example) 2 LTC per day as opposed to 0.000002 BTC per day.
Anyway, I think I've said too much haha
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sal002
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June 17, 2013, 05:03:16 PM |
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Why on Dustcoin does Terracoin go up and down so much?
Is it all Pump and dump ?
Terracoin's difficulty adjusts every minute - so that makes it go crazy on sites like Dustcoin (that don't average it out).
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John122
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June 17, 2013, 05:49:01 PM |
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How does mining on these alt coins compared to the profits with BTC? My Nvidia rig just stopped being profitable with yesterday's difficulty increase and I'm looking for an alternative it.
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larem
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June 17, 2013, 06:53:06 PM |
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How does mining on these alt coins compared to the profits with BTC? My Nvidia rig just stopped being profitable with yesterday's difficulty increase and I'm looking for an alternative it.
It all depends, really. You could spend days mining altcoins when they're profitable and then they crash in value when you're ready to sell, or could be the opposite.
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HeroC
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June 17, 2013, 06:53:53 PM |
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Litecoin
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Bogdan
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June 18, 2013, 11:39:10 AM |
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History shows that there is usually one clear winner with 1-2 secondary players taking < 20% of the market. My bet is that BTC, LTC and another (zero if it's successful) will be the top three. My current mining strategy is BTC 2/3 LTC 1/3 but that will probably be BTC 1/3 LTC 2/3 in the coming months as difficulty increases.
Obviously sites like coinchoose allow you to find out the most profitable at the moment but they ignore the LTV of the currency. Similarly do all profitability calculations for ASIC's etc - if coins increase in value c.f. fiat by an order of magnitude like a lot of people suggest, then pretty much everything will be profitable.
I tend to think with the coming LTC announcements there will be a rise in the currencies value.
He's right the real market now is bitcoin and a bit of litecoin.
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robert5
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June 18, 2013, 12:14:36 PM |
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Why not both
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Bogdan
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June 18, 2013, 12:15:41 PM |
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Why not both
Litecoin is bitcoins baby brother, feathercoin isn't a major coin.
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larem
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June 18, 2013, 02:04:23 PM |
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Why not both
Litecoin is bitcoins baby brother, feathercoin isn't a major coin. Feathercoin has a bigger community backing than LTC does, despite not being as widespread right now. It has potential for sure.
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bitbybit2
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June 18, 2013, 02:14:04 PM |
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Litecoin of course.
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Explodicle
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June 18, 2013, 02:38:06 PM |
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Litecoin is the only other coin worth looking at. Bitcoin is superior, then litecoin is something that will probably become something very usuable but slightly less popular than bitcoin. Any others are a waste of time.
+1 Litecoin has been managed well from day 1, and it's the king of scrypt. Feathercoin is just another copycat with nothing innovative. Freicoin is only worth holding if you're a miner about to sell it. They decay over time so the only way it gains value is from more people joining in. 80% of new coins go towards a central foundation, a feature they added at the last minute before launch.
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bongwater
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June 18, 2013, 03:29:40 PM |
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Feathercoin has sooo much potential and its x4 underpriced right now.
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58snow
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June 18, 2013, 04:17:19 PM |
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Litecoin has more users and is more likely to be a stable investment.
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mearylll
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June 18, 2013, 04:25:04 PM |
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Stay away from alt coins. Keep BTC
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