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Author Topic: Name coins  (Read 3934 times)
lightlord
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August 23, 2011, 11:51:36 PM
 #1

I heard this saying; that switching from name coin mining to bitcoin mining; is better; as you can trade more bitcoins for namecoins;
But if everyone does that; the namecoin network shuts down; from no miners; and no block finders; and it dies.
So everyone can't stop mining namecoins; There has to be some.

NameCoins are dropping, and dropping, as people realize this; but if everyone does; then no blocks.
Name coins are at 54 Giga hash; and it is dropping. It is starting to ponder if it is going to die.

I have about 3 giga hash of system power; and i donate about 200 Mhash or so to this pool.
I am hoping others can keep it alive at least. It is on its last legs; and i wouldn't want name coins to die.

Now you may be reading this post; saying well it doesn't have to be me; someone else can do the mining, there are billions of people
in the world; and it doesn't have to be me. But if everyone thinks like this. Then no one listens to this statement above; and no
one helps in the mining of namecoins.

It can be very little; it doesn't have to be huge; like for example you can have 200mhash running on bitcoins; you can donate like 10 or so.
Like 1-2% or perhaps less.

Just every small bit counts. Besides 10-20mhash isn't very much earning in bitcoins a day; it take a month or so to earn anything;
now if everyone that read this and did that; that would be like 100*20=2Giga hash; and suddenly it makes a difference.
So i hope you can keep this thing alive.

http://dot-bit.org/tools/nextDifficulty.php Hover over the blocks on left side; it shows 57.41 Giga hash.
https://exchange.bitparking.com/main Namecoin exchange



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.BITVEST DICE.
HAS BEEN RELEASED!


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August 23, 2011, 11:59:32 PM
 #2

Bump
Still same rate; no speed increase on network
Wasted my time posting this  Sad



.
.BITVEST DICE.
HAS BEEN RELEASED!


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August 24, 2011, 12:39:59 AM
 #3

I'll just repeat what I always said:

Hash rate follows price.

If you increase the price of Namecoins (via buying them on exchanges with bitcoins) to a level that mining NMC becomes profitable, people will mine NMC.

If you just mine NMC, you will have less NMC than if you mined BTC and bought NMC. If you even sell these namecoins at current offer prices, then you hurt it even more.
The fewer Namecoins are mined, the more rare they get - obviously there is little interest in buying namecoins, so if you want to push namecoin: Buy some, don't waste electricity mining them!

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August 24, 2011, 10:41:53 AM
 #4

I have 1 GHash mining namecoins just for the hell of it and I am helping out Davinci with his new namecoin pool

He's in the early setup stages so he offers a reward for people testing his pool

So, helping keep the (namecoin)Dream alive Wink

Brat

I should probably put a link to Davinci's pool  Grin http://www.nmcbit.com and his forum-thread: https://bitcointalk.org/index.php?topic=33612.0
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