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Author Topic: Seniors, how much does it cost to develop a cryptocurrency like Bitcoin?  (Read 261 times)
btcswimmer
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January 04, 2024, 09:40:24 AM
 #21

if you have all the required technical competences for developing it, purchasing the domain, servers and such will cost you at most $100 a year... but probably less
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January 04, 2024, 11:19:12 AM
 #22

OP, I would like to hear how you think to make a massive project, if crypto is banned and censored in China. You will probably struggle to start it, but the moment it starts to achieve more serious results, you will again be forced to shut it down, return the investors' money, etc...
So why get into something that is already doomed to failure from the start?

Altcoin and Bitcoin are certainly not the same thing, and currently one of the biggest advantages of BTC is that it is the most massive, it is accepted by the largest number of services, the most people follow it, hold... And that people, community is the most difficult task for all new altcoins.

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January 04, 2024, 11:29:47 AM
 #23

There's no PoW-based cryptocurrency can be mined for free. You'll need to pay for the hardware and electricity.
It makes Proof of Work cryptocurrencies are harder to die but if miners stop mining, their networks will be dead chains. Proof of Work is not a quality mark of survival of a cryptocurrency.

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In past, service called Forkgen let you create Bitcoin fork easily with relative low cost[1].

[1] https://thenextweb.com/news/forkgen-makes-it-easyish-to-create-your-own-bitcoin-fork
I don't know about the tool but know that forking from source code is not hard.

Scammers use Bitcoin source code to create their forks and their Bitcoin forks usually dead.

How Many Bitcoin Forks Are There? You will be surprised!!!
https://forkdrop.io/how-many-bitcoin-forks-are-there
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