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Author Topic: Bitcoin vrs Altcoin  (Read 534 times)
armova
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March 29, 2014, 04:44:07 PM
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When using calculators like this: https://bitcoinwisdom.com/litecoin/calculator, seems like, with the actual parameters, there is no short/middle term profitability in Bitcoin minning, even using powerfull 2-3TH machines, the next logic step is to try with litecoins using the new 250MHs machines comming soon to the market.

Do you see any major threats in the near future regarding the Litecoin minning with powerfull machines? Is there any other better minning approach for an investment around $10k?

Thanks for any insight you might share!
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bl0ckchain
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March 29, 2014, 04:57:35 PM
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Do you see any major threats in the near future regarding the Litecoin minning with powerfull machines? Is there any other better minning approach for an investment around $10k?

Litecoin's internal difficulty adjustment will always marginalize profitability.

ASCI does not pose any threat to Litecoin or other altcoins, it only presents a threat to small miners using GPU farms as their shares will be minimized.

If you want to invest $10K in mining equipment, I would suggest mining an ASCI resistant coin like Goldcoin (GLD) and then to mine and hold the coins for a couple of years. While your mining help out in the community and contribute to the coin's success.

That's what decentralized currencies are all about.  Smiley
tokyoghetto
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March 29, 2014, 05:17:59 PM
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no one would ever recommend Goldcoin. EVER!

Its a well known scam around here, beware of cheerleading sockpuppets.
bl0ckchain
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March 29, 2014, 05:21:10 PM
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no one would ever recommend Goldcoin. EVER!

Its a well known scam around here, beware of cheerleading sockpuppets.

The coin is nearly a year old and has an excellent developer and community.

How exactly is it a scam?
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March 29, 2014, 05:24:51 PM
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no one would ever recommend Goldcoin. EVER!

Its a well known scam around here, beware of cheerleading sockpuppets.

The coin is nearly a year old and has an excellent developer and community.

How exactly is it a scam?

Goldcoin 24 hour volume is $1000 please stop spreading your goldcoin garbage around here.

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March 29, 2014, 05:26:44 PM
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no one would ever recommend Goldcoin. EVER!

Its a well known scam around here, beware of cheerleading sockpuppets.

you have to admit they have clever memes though and microguy is hilarious.

Fortune Favors the Brave
Borderless CorpEXPANSETokenlabEXREXP.LIFEFranko Is Freedom
bl0ckchain
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March 29, 2014, 05:30:45 PM
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Goldcoin 24 hour volume is $1000 please stop spreading your goldcoin garbage around here.

Aren't you the one that said that all altcoins pretty much suck?

I guess I should just invest in Dogecoin and Blackcoin based on your argument that volume is good.  Tongue
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March 29, 2014, 05:35:46 PM
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Goldcoin 24 hour volume is $1000 please stop spreading your goldcoin garbage around here.

Aren't you the one that said that all altcoins pretty much suck?

I guess I should just invest in Dogecoin and Blackcoin based on your argument that volume is good.  Tongue

Yes pretty much all Altcoins are garbage some more then others but when the coin has less then $5000 in volume and it's been around for a year its obviously a garbage coin.

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bl0ckchain
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March 29, 2014, 05:37:18 PM
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Yes pretty much all Altcoins are garbage some more then others but when the coin has less then $5000 in volume and it's been around for a year its obviously a garbage coin.

Thanks for providing these insights. I feel so much more informed now.  Kiss
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March 29, 2014, 05:41:20 PM
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Yes pretty much all Altcoins are garbage some more then others but when the coin has less then $5000 in volume and it's been around for a year its obviously a garbage coin.

Thanks for providing these insights. I feel so much more informed now.  Kiss

No problem hopefully others see this look at goldcoin and it's $1000 volume for the last 24 hours and the fact it's been around for a year and realize your a sock puppet trying to pump a shit dead coin .

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bl0ckchain
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March 29, 2014, 05:44:09 PM
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No problem hopefully others see this look at goldcoin and it's $1000 volume for the last 24 hours and the fact it's been around for a year and realize your a sock puppet trying to pump a shit dead coin .

Yes. Hopefully the reader will find the truth. Your words speak volumes. Thanks again.
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