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Poll
Question: What do you think, which one is worth mining ?
Tenebrix - 8 (8.7%)
SolidCoin 2.0 - 19 (20.7%)
Litecoin - 37 (40.2%)
Geist Geld - 1 (1.1%)
Fairbrix - 0 (0%)
None of them - 27 (29.3%)
Total Voters: 92

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Author Topic: Which altcoin will succeed ?  (Read 2092 times)
Adamlm
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October 13, 2011, 07:02:41 PM
 #1

I am just curious. For which coin it's worth to invest your pc power, what do you think ?

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October 13, 2011, 07:14:05 PM
 #2

absolutely none of them.
Adamlm
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October 13, 2011, 07:20:31 PM
 #3

absolutely none of them.
but what about newbies & CPU miners, people who don't want to invest in fast GPUs, they started too late for getting a decent amount of bitcoins so CPU currencies are their chance now

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October 13, 2011, 07:33:23 PM
 #4

absolutely none of them.
but what about newbies & CPU miners, people who don't want to invest in fast GPUs, they started too late for getting a decent amount of bitcoins so CPU currencies are their chance now



If/when it becomes profitable to invest specialized hardware into mining a CPU chain, everyone without the funds to keep up won't be able to.

Also, the amount of bitcoins you receive (due to the difficulty of those with higher end GPU's) is irrelevant.  It doesn't matter if I mine 1btc a month @ 1000 USD, or 5 a month @ 200 USD, or 20 a month @ 50 USD - it all comes down to the purchasing power of said coins.

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October 13, 2011, 07:44:58 PM
 #5

absolutely none of them.
but what about newbies & CPU miners, people who don't want to invest in fast GPUs, they started too late for getting a decent amount of bitcoins so CPU currencies are their chance now

i would certainly advise all newbies away from ACs. .....and cpu mining has absolutely nothing to do with the longevity/lifespan of the coin.  



  



 



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October 13, 2011, 07:53:49 PM
 #6

I think the Alt Cryptocurrencies subforum here is obviously a little more open minded to all coins, I wonder how the results would look if Bitcoin was a choice.

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October 13, 2011, 08:01:49 PM
 #7

I think the Alt Cryptocurrencies subforum here is obviously a little more open minded to all coins, I wonder how the results would look if Bitcoin was a choice.
I created this poll for alternate coins only because I'm totally sure that Bitcoin will remain #1 digital coin. Despite this I think there's enough space for another coin which will become a real alternative to BTC. Not competition but an alternative. Something like gold and silver.

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October 13, 2011, 08:04:26 PM
 #8

I'd say in the long run we have a >50% chance that any fork will succeed (except namecoin this has pretty much been established by now if you view it the way as it was intended to)

I am skeptical that it will be any of those, without hesitation I vote for Litecoin if any. I think that it is likely that we get another iteration in a somewhat larger timeframe.
Especially the disadvantage of the necessity of pools hasn't been addressed yet but it could take a while till a solution emerges.

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October 13, 2011, 08:08:08 PM
 #9

I wonder how the results would look if Bitcoin was a choice.

my answer would still be the same; none of them.

realistically, the likelyhood of btc succeeding is extremely small (and the chances of an alt currency succeeding are even smaller than that).
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October 13, 2011, 08:20:45 PM
 #10

I created this poll for alternate coins only because I'm totally sure that Bitcoin will remain #1 digital coin. Despite this I think there's enough space for another coin which will become a real alternative to BTC. Not competition but an alternative. Something like gold and silver.

I did want reiterate though, I only mean the Alternate Cryptocurrencies subforum.   All other forums seem to either not recognize the existence of anything but Bitcoin or enjoy living by a haters gonna hate sort of lifestyle, it's hard to tell if there exists anything other than those extremes. . 

I think overall Bitcoin would still be #1, but it would be an interesting peak into how strongly people here feel about the other currencies

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October 13, 2011, 08:28:49 PM
 #11

I created this poll for alternate coins only because I'm totally sure that Bitcoin will remain #1 digital coin. Despite this I think there's enough space for another coin which will become a real alternative to BTC. Not competition but an alternative. Something like gold and silver.

I did want reiterate though, I only mean the Alternate Cryptocurrencies subforum.   All other forums seem to either not recognize the existence of anything but Bitcoin or enjoy living by a haters gonna hate sort of lifestyle, it's hard to tell if there exists anything other than those extremes. . 

I think overall Bitcoin would still be #1, but it would be an interesting peak into how strongly people here feel about the other currencies


I'd say -most- of the support for any current alt-chain is fueled by pure speculation.  Every alt-chain so far has offered massive profit over BTC during the first few days of an exchange being open IF you were lucky enough to mine a few blocks at launch.

If a new chain were to be launched which had significant design improvements over Bitcoin, the alt-chain subforum wouldn't be able to contain it's newsworthiness.

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October 13, 2011, 08:37:37 PM
 #12

I wonder how the results would look if Bitcoin was a choice.

my answer would still be the same; none of them.

realistically, the likelyhood of btc succeeding is extremely small (and the chances of an alt currency succeeding are even smaller than that).

How do you measure success. I'd say it would be successful if prices would stay at current levels in the following years with higher transaction fees.
Obviously it would be successful if prices rise substantially regardless of fees.

I also think it would be successful if 99% of people left as a niche solution. (Compare the relative success of tor)

The problem with reassuring success of the network is not if people who gambled upon wide success are successful themselves.

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October 13, 2011, 08:43:14 PM
 #13

I'd say -most- of the support for any current alt-chain is fueled by pure speculation.
Well worded, I agree.   I am trying to think of the other factors that would motivate people toward any of these coins.   Something about the technology no doubt would sway a person.  Spite, never underestimate the power of seeing someone e-hurt as some sick form of motivation.   I hope there are more reasons.

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October 13, 2011, 08:44:59 PM
 #14

Define success

Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.

You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
johnj
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October 13, 2011, 08:47:31 PM
 #15

Define success

suc·cess   [suhk-ses]
noun

1.the favorable or prosperous termination of attempts or endeavors.

2.the attainment of wealth, position, honors, or the like.

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michaelmclees
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October 13, 2011, 08:57:03 PM
 #16

Define success

Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.

You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.

You know you've been mining Litecoin like a fiend.   Grin
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October 13, 2011, 09:06:17 PM
 #17

Define success

Also, I like Fairbrix on a conceptual level somewhat more than LTC due to lack of the (empirically unstudied) subsidy halving shenanigan.

You know, there already is a cryptothingie with that (fairly unconventional as far as majority of non-antique assets go) model, and it's called bitcoin.

You know you've been mining Litecoin like a fiend.   Grin

My only really CPU-mineworthy rig is currently quite too occupied with VMs and work-stuff for me to mine anything, even TBX

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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October 13, 2011, 09:23:20 PM
 #18

How do you measure success....

i would say that when it has been used for a substantial amount of time (years), with a reliable amount of stability, and is used for something other than daytrading or purchasing illegal goods, then it will be successful.

is it possible that BTC will reach this mark? yes.

i just dont think its very likely. 
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October 13, 2011, 10:36:41 PM
 #19

If any litecoin

It is a lot like fairbrix, except its not dead.

Advertise here for 10btc/day
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October 13, 2011, 10:45:58 PM
 #20

But here's the fun question:

In the last 3 months there have been

SC1.0
I0
GG
TBX
FBX
SC2.0
LTC

And the rate seems to be growing.  2 months from now, after 6 more alt-chains have been released... will anyone even remember the previous ones?

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