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Author Topic: Mining Namecoins is now 2x more profitable than Bitcoins  (Read 52553 times)
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August 01, 2012, 06:21:58 AM
 #381

What is namecoin and litecoin?

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August 01, 2012, 06:43:23 AM
 #382

What is namecoin and litecoin?
namecoin
dot-bit.otg

litecoin
https://bitcointalk.org/index.php?topic=47417.0

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August 03, 2012, 12:34:43 AM
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http://dot-bit.org/Main_Page

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August 03, 2012, 08:07:32 AM
 #384


namecoin is used for naming and DNS, how is it worth money :S

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August 03, 2012, 08:24:49 AM
 #385


namecoin is used for naming and DNS, how is it worth money :S
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

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August 03, 2012, 08:27:59 AM
 #386


namecoin is used for naming and DNS, how is it worth money :S
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?

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August 03, 2012, 08:33:21 AM
 #387


namecoin is used for naming and DNS, how is it worth money :S
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
I mean merged mining bitcoin and namecoin, whether solo or in a pool

i dont understand "or the pools now returning more nmc?"
before merged mining there were seperate namecoin and bitcoin pools, with merged mining you can both together now,

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August 03, 2012, 08:37:01 AM
 #388


namecoin is used for naming and DNS, how is it worth money :S
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
I mean merged mining bitcoin and namecoin, whether solo or in a pool

i dont understand "or the pools now returning more nmc?"
before merged mining there were seperate namecoin and bitcoin pools, with merged mining you can both together now,

Okay i'm coming from it seemed like you were saying NMC is now worth more, but you said it in terms of a block of namecoin which I dont' know how much that is

then i looked on exchange.bitparking.com it seems the NMC->BTC ratio is still the same 0.00346276 BTC for an NMC

so something im not getting here, maybe you didn't mean the value went up recently

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August 03, 2012, 08:39:19 AM
 #389


namecoin is used for naming and DNS, how is it worth money :S
anything people are willing to trade is worth "money"


though this thread link is way out of date
a whole Namecoin block is worth 0.169BTC currently, and for most people is a bit off free money on top of thier bitcoin mining...

do you mean solo mining? or the pools now returning more nmc?
I mean merged mining bitcoin and namecoin, whether solo or in a pool

i dont understand "or the pools now returning more nmc?"
before merged mining there were seperate namecoin and bitcoin pools, with merged mining you can both together now,

Okay i'm coming from it seemed like you were saying NMC is now worth more, but you said it in terms of a block of namecoin which I dont' know how much that is

then i looked on exchange.bitparking.com it seems the NMC->BTC ratio is still the same 0.00346276 BTC for an NMC

so something im not getting here, maybe you didn't mean the value went up recently
where did I say its worth more, I did say the title of this thread is way out of date - implying it was wrong, then showed the value of a whole namecoin block.. to show it is barely worth the effort anymore

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August 04, 2012, 12:08:43 PM
 #390

Got it

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November 26, 2012, 07:22:22 AM
 #391

Got it

Necro

Anyone think mining namecoins will turn profitable?

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November 26, 2012, 10:51:55 AM
 #392

Got it

Necro

Anyone think mining namecoins will turn profitable?

The better question (and maybe the answer to your question follows from the answer to that one) would be: Will namecoins be useful enough to gain some widespread adoption for use as DNS system?

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November 26, 2012, 08:36:14 PM
 #393

The idea behind Namecoins is awesome, we need a distributed lookup system badly.
The implementation is lacking. It needs some dev love and to become more user friendly...
It's gotta get to the point that like TOR, people can just download a browser bundle and it'll work.
No reason to use a .bit if noone is able to access it.


Chicken and egg since vinced introduced merged-mining and effectively killed it .... no devs want to work on it because there are no longer incentives, i.e. namecoins are nearly worthless and no-one particularly is using the dns part of it; no users, no devs ... and vice versa.

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November 27, 2012, 09:44:17 AM
 #394

The idea behind Namecoins is awesome, we need a distributed lookup system badly.
The implementation is lacking. It needs some dev love and to become more user friendly...
It's gotta get to the point that like TOR, people can just download a browser bundle and it'll work.
No reason to use a .bit if noone is able to access it.


Chicken and egg since vinced introduced merged-mining and effectively killed it .... no devs want to work on it because there are no longer incentives, i.e. namecoins are nearly worthless and no-one particularly is using the dns part of it; no users, no devs ... and vice versa.
true and it cost me some money but there was no other solution as it might have been attacked otherwise.

distributed lookup system <--- phelix likes this term


[...]
Will namecoins be useful enough to gain some widespread adoption for use as DNS system?
or adoption for some other purpose

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November 14, 2013, 12:50:15 AM
 #395

Wonder if this is still true considering:

-NMC diffculty is 2/3 of BTC diffculty
-But it takes almost 600 NMC to get 1 BTC
-Merged mining means a certain pool could be controlling 90% of the network hash rate

It will be neat diffcult to restart the project without changing the fundamental logic, I.e. diffculty goes down when the network hash rate goes up
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November 14, 2013, 09:05:51 PM
 #396

It will be neat diffcult to restart the project without changing the fundamental logic, I.e. diffculty goes down when the network hash rate goes up
Yeah
Seems smart

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November 15, 2013, 08:47:41 PM
 #397

It will be neat diffcult to restart the project without changing the fundamental logic, I.e. diffculty goes down when the network hash rate goes up
Yeah
Seems smart

how would that fix anything? obviously they're less valued; so the supply should be restricted more to bring up each value

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