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Author Topic: Alternative coin question  (Read 859 times)
btcgolong
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August 31, 2011, 01:56:25 PM
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I'm new to bitcoin and I like everything about it, except for the fact that I wasn't mining coins 1 year ago, which leads to my question; Should I be mining any of the alternative coins?

I do not want to undermine bitcoin, but I do want to "hedge my bet" so to speak, so I am wondering which other coin system should I have alongside bitcoin?






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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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freequant
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August 31, 2011, 02:29:25 PM
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Should I be mining any of the alternative coins?
I do not want to undermine bitcoin

Congratulation, you just coined a new meaning for "undermining" Wink
Lupus_Yonderboy
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August 31, 2011, 02:59:56 PM
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Heretic! How dare you mention any other currency than that most holy of blockchains, Bitcoin (blessed be its name)...
[/snark]

Go see this topic, there is a pool (Coinotron) that will automatically switch your miners to the most profitable coin. A good idea, although I have not used the service myself yet. Hope it helps

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August 31, 2011, 04:36:27 PM
 #4

I'm new to bitcoin and I like everything about it, except for the fact that I wasn't mining coins 1 year ago, which leads to my question; Should I be mining any of the alternative coins?

I do not want to undermine bitcoin, but I do want to "hedge my bet" so to speak, so I am wondering which other coin system should I have alongside bitcoin?
Think of pool-hopping, but now with chains. If you want to maximize profit you should chain-hop. Hop to the chain with the highest BTC profit. Then when it drops, exchange your other coins to BTC and switch to the next chain.

Buy & Hold
Greydon Isis
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July 14, 2013, 01:10:05 AM
 #5

I'm new to bitcoin and I like everything about it, except for the fact that I wasn't mining coins 1 year ago, which leads to my question; Should I be mining any of the alternative coins?

I do not want to undermine bitcoin, but I do want to "hedge my bet" so to speak, so I am wondering which other coin system should I have alongside bitcoin?









DGC looking like a winner~~~

* we <3 : BTC/BTE/DGC/LTC/CNC * ~~~kill the whales !~~~> 14vqQNqmx33i5X3Vc3txseXH78cTGPfTG2
vintagetrex
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July 14, 2013, 01:21:46 AM
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Yes, you should be engaged in mining all 3 of Anarcorp's mining networks.  Use extra memory to store the claims you like,  take advantage of the anonymity/pseudonymity provided and submit your favorite movies/songs/etc, use your extra processing power to perform the traditional mine and help secure Anarcorp's transactions. 

Nemesis: minting cryptographic currency with information
Redcoin
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July 14, 2013, 02:16:13 AM
 #7

you need ASIC to mine bitcoins, if you are looking to make money from GPU mine alts and trade them for BTC

check out Redcoin

cheszoul
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July 14, 2013, 02:20:05 AM
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check out coinwarz.com, should answer all your questions
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