How safe are these alt coins?

[markm]

Now you are back at "my pathetic crap is so worthless the company in control doesn't even consider it worth controlling."

-MarkM-

[jdh015232]

when a $300 R9 280x sells for $550, then the game is already lost to big people with big guns and big money.  

compared to asics? not at all my friend
you saying people buying r9s in 100 packs shows us you know not what you speak of lol

[markm]

A $13 USB ASIC compares how well against a $13 GPU ?

-MarkM-

[jdh015232]

A $13 USB ASIC compares how well against a $13 GPU ?

-MarkM-

how much money is that making you?

[markm]

Compared to my $13 GPU? Lots more. None of my $13 GPUs even have the programmability to mine.

Compared to my $150 GPU ? Lots more, using way the heck less electricity.

Heck its even more than my $400 GPU.

-MarkM-

[jdh015232]

Now you are back at "my pathetic crap is so worthless the company in control doesn't even consider it worth controlling."

-MarkM-

its funny you say this, because i learned about bitcoin about 5 months ago, and just bought all my gpus maybe 3 months ago and have gotten my roi plus almost double so far...hows your asics been doing?
i was lucky and bought all my gpus 1 month before the boom :p

[markm]

Depends on which coin you are talking about.

My CPU made me more money than all my GPUs all added together.

I don't have an scrypt ASIC yet so I have not made as much on scrypt coins with my ASICs as I have made on scrypt coins with my CPU. But as I said I also have made way the heck less on scrypt coins - or any coins, actually - using GPUs than with my CPU.

(GPUs use a lot of electricity, it was way more profitable to use a CPU on a low difficulty coin than to waste electricity on coins people were skyrocketing the difficulty of.)

-MarkM-

[kalus]

when a $300 R9 280x sells for $550, then the game is already lost to big people with big guns and big money.  

compared to asics? not at all my friend
you saying people buying r9s in 100 packs shows us you know not what you speak of lol

oh contraire, mon frère

here is a lot of 100 Sapphire R9 280x Tri-X OCs.  That's the good shit, no XFX.  seller has 5 lots to sell, which is 0.4Ghash of scrypt power.

http://www.ebay.com/itm/SAPPHIRE-TRI-X-R9-280X-3GB-GDDR5-OC-UEFI-for-Bitcoin-Litecoin-100PCS-500-pcs-/321278787326?pt=PCC_Video_TV_Cards&hash=item4acdb53efe

there's a 'buy now' button for your convenience.  free shipping.

[jdh015232]

when a $300 R9 280x sells for $550, then the game is already lost to big people with big guns and big money.  

compared to asics? not at all my friend
you saying people buying r9s in 100 packs shows us you know not what you speak of lol

oh contraire, mon frère

here is a lot of 100 Sapphire R9 280x Tri-X OCs.  That's the good shit, no XFX.  

http://www.ebay.com/itm/SAPPHIRE-TRI-X-R9-280X-3GB-GDDR5-OC-UEFI-for-Bitcoin-Litecoin-100PCS-500-pcs-/321278787326?pt=PCC_Video_TV_Cards&hash=item4acdb53efe

there's a 'buy now' button for your convenience.  free shipping.

i just wet myself
bought 5 of them! )
haha those are so overpriced
so go and buy 5 of those=500 cards for $250,000, and now you have what .05% of ltc network?

[markm]

It isn't the litecoin network we are worried about, it has more than half of the scrypt hashing power.

What percent of the DOGE network would he/she have?

What percent of the feathercoin network?

The Earthcoin network?

Today's latest scam networks?

Etc.

-MarkM-

[jdh015232]

It isn't the litecoin network we are worried about, it has more than half of the scrypt hashing power.

What percent of the DOGE network would he/she have?

What percent of the feathercoin network?

The Earthcoin network?

Today's latest scam networks?

Etc.

-MarkM-

i agree with you, which is why alot of alts need to die off
but in the mix of all the crap, their is gold(silver?)
doges network is plenty big enough now

[markm]

If there are only two scrypt coins it is conceivable that both might have half the hashing power.

So sure, have two. But if there are three, one of them inevitably mathematically has to have less than half, so that one can go.

DOGE, unfortunately, has way the heck less than half even of just what litecoin has, so it is pretty pathetic. If that is the best we can do as a backup / spare it isn't looking like having two is likely to work very well at all.

(Absent merged mining, of course.)

But hey sure lets have a backup, in case all the litecoin miners do decide to forsake litecoin for a coin that so far has only a trivial fraction of litecoins' power.

-MarkM-

[kalus]

so go and buy 5 of those=500 cards for $250,000, and now you have what .05% of ltc network?

if you were able to buy 500 video cards, it really invalidates what you said earlier:

gpus are NOT just readily available..and NO you could NOT just set up a mining farm in 30 days and take over 50% of any networks hashrate other than shitcoins no1 cares about.

GPUs certainly are available.  and you could just setup a mining farm in 30 days. 400Mhash could take most altcoins for a ride. they don't even have to be forked to be manipulated.  and this is just what's available, new, in january, 2014.  

[jdh015232]

ya their available if you have $50000 to drop on $25000 worth of gpus, nobodys buying that crap from china lol, you know someone who bought it?
lol no i didnt buy them...

[markm]

Of course YOU didn't, you are such a no-one you even think ASICs are too expensive for people to buy.

-MarkM-

[jdh015232]

Of course YOU didn't, you are such a no-one you even think ASICs are too expensive for people to buy.

-MarkM-

wow, personal attacks towards a random person on the internet, some big person you must be...wtf what is your problem?

[kalus]

ya their available if you have $50000 to drop on $25000 worth of gpus, nobodys buying that crap from china lol, you know someone who bought it?
lol no i didnt buy them...

The OP's question was: how safe are these alt coins?

the answer is: about $250,000 could fuck most of them up.  

that's how safe these altcoins are.  one lamborghini safe.  

[markm]

Of course YOU didn't, you are such a no-one you even think ASICs are too expensive for people to buy.

-MarkM-

wow, personal attacks towards a random person on the internet, some big person you must be...wtf what is your problem?

Huh? Nothing personal about it, I was addressing the arguments made by the nick/handle.

I couldn't care less whose sockie / account / nick / argument it is or is not.

-MarkM-

[jdh015232]

lol, rite, if you directly calling me out and saying "you" are a nobody isnt personal, im not sure why im talking to you at all, because you are delusional. nothing was said to you their, and all i said was that those graphics cards are double their original price and i highly doubt people are just jumping to buy them. goodnight