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Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > WHY are there so many COINs?
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Author Topic: WHY are there so many COINs?  (Read 699 times)
LittleD (OP)
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September 06, 2013, 03:50:44 PM
 #1
Is it even profitable to mine some of the coins?
Will they (coins) ever be as high as BTC?
What are the top coins people should invest mining time in Huh ><>
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millsdmb
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September 06, 2013, 04:00:46 PM
 #2
Quote from: LittleD on September 06, 2013, 03:50:44 PM
Is it even profitable to mine some of the coins?
Will they (coins) ever be as high as BTC?
What are the top coins people should invest mining time in Huh ><>
Thanks
yeah just use a pool that switches to the most profitable coin at the moment. that is if you have no means to efficiently mine BTC.
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nobbynobbynoob
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September 06, 2013, 04:05:56 PM
 #3
So that sharks can speculate on BTC-e and Cryptsy. Grin
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claycoins
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September 06, 2013, 11:06:23 PM
 #4
Opensource. 
Instructions on how to clone a coin have been put out there so even people without much knowledge can make one.
CRYPTOCURRENCIES
roxannemmorganB599
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September 07, 2013, 12:08:22 AM
 #5
It's greed. I think primecoin has a big change to make it to the next level.
maanto
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September 07, 2013, 12:21:30 AM
 #6
You could say the same things about Bitcoin.

Personally, I cloned a coin so that I could learn more about cryptography, C++, linux, and networking.
I cannot speak for everyone else, but that is my reason for you.

edit:
I still accept bitcoin, but I choose to mine my personal favorite coin.
It's really up to you which one you'd like to mine. There are a lot of choices out there, so one is likely to appeal to you.
marcetin
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September 07, 2013, 12:53:40 AM
 #7
Quote from: LittleD on September 06, 2013, 03:50:44 PM
Re: WHY are there so many COINs?

Because this is new technology in it's exponential development!  Grin
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SaltySpitoon
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September 07, 2013, 01:02:41 AM
 #8
Quote from: marcetin on September 07, 2013, 12:53:40 AM
Because this is new technology in it's exponential development!  Grin

This. Everyone is trying to make the next big coin, so they can strike it rich. However, what it is actually doing is creating a lot of innovation (and a lot of spam). The coins that are bad will die, and hopefully new coins will take the best aspects of the ones that fail to make a very neat coin.
wedge
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September 07, 2013, 01:38:41 AM
 #9
It's a social/economic experiment to see what the free market would look like if there was no patent system.
cadcoin
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September 07, 2013, 01:42:20 AM
 #10
The evolution of coins is happening right now. The best coin will survive and the bad will die and forgotten.
payb.tc
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September 07, 2013, 01:48:42 AM
 #11
Quote from: claycoins on September 06, 2013, 11:06:23 PM
Opensource. 
Instructions on how to clone a coin have been put out there so even people without much knowledge can make one.

citation? Cheesy
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