Copper Bars beats LiteCoin in per-coin value

[cryptocoinsnews]

At times, it’s hard to find the real gems among the massive amount of altcoins thrown at us every week. No, I’m not talking about Bitgem, I’m not that lame. Have you heard about Copper Bars yet? No, it’s not the same as CopperLark, or BitBar, it’s something complete..(stop laughing!)ly different this time. Well, not entirely, but i can see you’re interested to read this article now.

So what are these Copper Bars? Is it an actual, physical, bar of copper? Well, no, but you can purchase actual, physical copper bars with Copper Bars. (See what i did there?) Are you getting confused yet? No? Good!

Copper Bars is a scrypt coin, using the scrypt-Jane algorithm. Now wait a minute, scrypt-Jane isn’t something new, I’ve seen it before! Yes, I’m sure you have indeed. Scrypt-Jane was introduced to me personally for the first time when YaCoin was released. Remember YaCoin? No? Doesn’t matter. Let’s carry on.

Read more here: http://www.cryptocoinsnews.com/2013/09/11/copper-bars-beats-litecoin-per-coin-value/

What is your toughts?

[iGotSpots]

Nice article. Thanks for the write up

https://twitter.com/GoldForBitcoin/status/377684814251311105

[jdebunt]

Nice article. Thanks for the write up

https://twitter.com/GoldForBitcoin/status/377684814251311105

You're welcome, glad you liked it i try to do my best :>

[iGotSpots]

I threw up a link on iGotSpots.com for you guys, too

Thanks again

[r3wt]

assuming 20 second block times:

20 * 3= 60 (1 minute)

0.0064 * 3 = .0192 (amount mined in one minute)

60 * 24 = 1440 (amount of minutes in a day)

1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times)

[Garz]

assuming 20 second block times:

20 * 3= 60 (1 minute)

0.0064 * 3 = .0192 (amount mined in one minute)

60 * 24 = 1440 (amount of minutes in a day)

1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times)

..and what rid/machine is required to perform this output?

[iGotSpots]

assuming 20 second block times:

20 * 3= 60 (1 minute)

0.0064 * 3 = .0192 (amount mined in one minute)

60 * 24 = 1440 (amount of minutes in a day)

1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times)

..and what rid/machine is required to perform this output?

He means across the entire network. Only that many are generated per day

[r3wt]

assuming 20 second block times:

20 * 3= 60 (1 minute)

0.0064 * 3 = .0192 (amount mined in one minute)

60 * 24 = 1440 (amount of minutes in a day)

1440 * .0192 = 27.648 (amount of copper bars produced in a day mining with 20 second block times)

..and what rid/machine is required to perform this output?

exactly 1 functioning human brain and optionally, 1 standard calculator.

[jdebunt]

exactly 1 functioning human brain and optionally, 1 standard calculator.

+1 for lulz


Edit ; if you liked the article, donations of any coins are accepted through the Cryptsy tradekey in my signature

[Hydroponica]

Why do people get so caught up on per coin value? Per coin value, is irelevant, what matters is over all profitability of mining the coin

[Garz]

He means across the entire network. Only that many are generated per day

Doh - I see now (runs for more coffee)! 

[iGotSpots]

He means across the entire network. Only that many are generated per day

Doh - I see now (runs for more coffee)! 

Yep, it's still very rare

[miffman]

the thing about copper bars, is that the block reward is really really low and is still measured at 1 bar. like if a coin had a block reward of 0.00005 of that coin, 1 unit of that would be pretty expensive (with the right conditions of course).

[iGotSpots]

I just re-read your article, then checked the CPR thread. Just wanted to clarify that quote, since the line before it really matters.

Spots is a slow block time coin that rewards 49 Spots per block. Copper Bars will be fast blocks with small rewards. This will attract miners that like slow, big numbers, as well as the people that prefer fast, frequent payouts. Copper Bars will be used to purchase...imagine that, copper bars and coins on iGotSpots.com - We were going to take an already established currnecy, but since Spots launed so well and so smoothly, we decided to make our own that will be mined at the same time as Spots. It's the first package deal coin, so let's do this!

The big numbers wording was directed towards Spots. We were talking about how these two are meant to be mined at the same time. Spots would attract people that like big numbers, and Copper Bars was for people that liked faster payouts