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Author Topic: Influence of different chains on mining and profitability  (Read 996 times)
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August 12, 2011, 08:55:33 AM

I think there will be more bitcoin forks in the future like Namecoin or Ixcoin. The loyal miner will stay at bitcoin, but the greedy miner will try to exploit the difference in diffulties (and coins per block), assumed there is an exchange for trading in the other currencies into BTCs. Logically the price should be balanced at the ratio of the different difficulties (+blockcoins), if there is enough liquidity at the exchanges. I think we need some kind of chainhopper tools, or at least a page, where the current profitability for each pair are shown. I think this gets really interesting, if an IXC<=>NMC exchange starts, so there will be some triangle arbitrage opportunities... I hope will upgrade soon ...
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August 12, 2011, 03:57:53 PM

IXcoin doesn't deserve to be taken seriously.

It's an obvious attempt by a Bitcoin fan to get a "second chance" to be an early adopter.
He mines 500,000 coins and then releases "IXcoin" to the public, complete with a fake pic of a Japanese person, and his name is a re-arrangement of "Satoshi Nakamoto".

I, personally, am not falling for it.

Please see the thread about IXcoin -- one member posted a really good fact-gathering post about the man.

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August 14, 2011, 12:20:38 AM

IMO these are the only viable alt blockchain, pity they are in such short supply

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