rpietila Altcoin Observer

[giveBTCpls]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

[giveBTCpls]

Wonder when the DRK bubble will poop while Monero naturally taking its spot .

[Lohoris]

From now on, only the following coins may be mentioned in the thread:

BTC
XMR
NXT
FLT
BBR
NEM
XCurrency
Maidsafe
Skycoin
Siacoin

Discussion of the other coins belongs to other threads.

No etherium?

It was voted a few pages ago. Just to remind that shitcoins should not be advertised. Only intention is to safeguard the quality discussion on the thread.

I had the impression, though I did not study it in depth, that Blackcoin might have made sense, i.e. it didn't look like it was a shitcoin clone.
Did I miss something?

[Este Nuno]

From now on, only the following coins may be mentioned in the thread:

BTC
XMR
NXT
FLT
BBR
NEM
XCurrency
Maidsafe
Skycoin
Siacoin

Discussion of the other coins belongs to other threads.

No etherium?

It was voted a few pages ago. Just to remind that shitcoins should not be advertised. Only intention is to safeguard the quality discussion on the thread.

I had the impression, though I did not study it in depth, that Blackcoin might have made sense, i.e. it didn't look like it was a shitcoin clone.
Did I miss something?

Yeah, you missed the ten posts where we arbitrarily decided what we were and were not going to talk about.

Skycoin and Siacoin? What are those anyway? Might as well talk about them since they're on the list.

[othe]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

I also thought its not worth it to mine  3 btc per day anymore with my rigs years back.
A few years later it was a pretty big mistake

Miners in general are only thinking shortterm it seems, but i at least have learned from my mistakes

[Este Nuno]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

I also thought its not worth it to mine  3 btc per day anymore with my rigs years back.
A few years later it was a pretty big mistake

Miners in general are only thinking shortterm it seems, but i at least have learned from my mistakes

Just using the money that you would have used mining to simply purchase the BTC would have been a better investment, no?

[devphp]

Just using the money that you would have used mining to simply purchase the BTC would have been a better investment, no?

Well, if he was mining with his GPU in between game sessions or even CPU in early days, he obviously didn't have to invest anything extra. Most people didn't do that, that's why for most people all this talk whether it's PoW or PoS doesn't matter, it all comes down to what useful features the coin can offer. And it's safe to say that the race to useful features has just begun this year and we haven't seen nothing yet. In 12 months the crypto landscape will change a lot.

[illodin]

I already said botnet is exaggerated by DRK liars. My laptop Windows 64-bit 2 core i5 delivers 45-50 H/s when idle and 30 h/s if I am working on it.

My core i7 Linux PC 4 cores delivers 200 H/s using Wolf miner

It is just a simple example to see how slow a botnet-controlled computer is.

Wonder when the DRK bubble will poop while Monero naturally taking its spot .

Please don't mention other coins than those allowed, thanks.

[cAPSLOCK]

I already said botnet is exaggerated by DRK liars. My laptop Windows 64-bit 2 core i5 delivers 45-50 H/s when idle and 30 h/s if I am working on it.

My core i7 Linux PC 4 cores delivers 200 H/s using Wolf miner

It is just a simple example to see how slow a botnet-controlled computer is.

Wonder when the DRK bubble will poop while Monero naturally taking its spot .

Please don't mention other coins than those allowed, thanks.

It's kinda funny.  I think it's more about what is NOT on the list than what is on it.

[Brilliantrocket]

I already said botnet is exaggerated by DRK liars. My laptop Windows 64-bit 2 core i5 delivers 45-50 H/s when idle and 30 h/s if I am working on it.

My core i7 Linux PC 4 cores delivers 200 H/s using Wolf miner

It is just a simple example to see how slow a botnet-controlled computer is.

Wonder when the DRK bubble will poop while Monero naturally taking its spot .

Please don't mention other coins than those allowed, thanks.

Wouldn't want to mention something that will be functional in a few months rather than a few years (or more).

[aminorex]

I am disappointed with the "poll", both the method and the result.  Risto, you don't seem to want to let the thread run amok, but neither do you want to expend the energy to moderate it properly.  Maybe it has outlived its useful life.

There are coins, whether they are useful, interesting, flawed, scam, innovative or whatever, such that their removal from discussion robs the thread of utility.  Then there are coins on the list which add no value to the discussion - that I can see, at least.

A proper moderating job would expunge trolling.  The dictat as it stands might (or might not) do that as well, but at an uncomfortable cost.

[rpietila]

Since the limitation of the discussion to just 10 coins is problematic, let's continue the quality discussion without the limitation.

[giveBTCpls]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

I also thought its not worth it to mine  3 btc per day anymore with my rigs years back.
A few years later it was a pretty big mistake

Miners in general are only thinking shortterm it seems, but i at least have learned from my mistakes

Honestly what are the chances Monero can give similar returns as Bitcoin? lets be real. Of course big gains will happen with Monero, but to get any relevant gains mining with my shitty rig (Q6600 CPU and r7850 GPU) Im not sure about it, specially considering I can fry the thing in the summer. With my computer i would be aiming at like 0.2 MRO now..

[darkota]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

I also thought its not worth it to mine  3 btc per day anymore with my rigs years back.
A few years later it was a pretty big mistake

Miners in general are only thinking shortterm it seems, but i at least have learned from my mistakes

Honestly what are the chances Monero can give similar returns as Bitcoin? lets be real. Of course big gains will happen with Monero, but to get any relevant gains mining with my shitty rig (Q6600 CPU and r7850 GPU) Im not sure about it, specially considering I can fry the thing in the summer. With my computer i would be aiming at like 0.2 MRO now..

I remember a thread about the same thing with Litecoin. How people were complaining that it wouldnt go over $2, then it went to $50 3 months later. Same with Bitcoin, complaining it was stuck at $60, then it went to $1200 6 months later.

People really do Never learn...

[giveBTCpls]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

I also thought its not worth it to mine  3 btc per day anymore with my rigs years back.
A few years later it was a pretty big mistake

Miners in general are only thinking shortterm it seems, but i at least have learned from my mistakes

Honestly what are the chances Monero can give similar returns as Bitcoin? lets be real. Of course big gains will happen with Monero, but to get any relevant gains mining with my shitty rig (Q6600 CPU and r7850 GPU) Im not sure about it, specially considering I can fry the thing in the summer. With my computer i would be aiming at like 0.2 MRO now..

I remember a thread about the same thing with Litecoin. How people were complaining that it wouldnt go over $2, then it went to $50 3 months later. Same with Bitcoin, complaining it was stuck at $60, then it went to $1200 6 months later.

People really do Never learn...

But you are talking about the original crypto and the original altcoin, can't really compare. Not saying Monero hasn't got potential to reach like 100$ eventually if it gets the "anon coin throne" that it deserves, im just saying mining is so fucking slow that unless the coin skyrockets real high, it's just useless considering you can damage your computer.

[darkota]

Mining is completely useless for the 99% of normal people (with only a computer) don't care after the first days of the coin because returns are pathetic.

I also thought its not worth it to mine  3 btc per day anymore with my rigs years back.
A few years later it was a pretty big mistake

Miners in general are only thinking shortterm it seems, but i at least have learned from my mistakes

Honestly what are the chances Monero can give similar returns as Bitcoin? lets be real. Of course big gains will happen with Monero, but to get any relevant gains mining with my shitty rig (Q6600 CPU and r7850 GPU) Im not sure about it, specially considering I can fry the thing in the summer. With my computer i would be aiming at like 0.2 MRO now..

I remember a thread about the same thing with Litecoin. How people were complaining that it wouldnt go over $2, then it went to $50 3 months later. Same with Bitcoin, complaining it was stuck at $60, then it went to $1200 6 months later.

People really do Never learn...

But you are talking about the original crypto and the original altcoin, can't really compare. Not saying Monero hasn't got potential to reach like 100$ eventually if it gets the "anon coin throne" that it deserves, im just saying mining is so fucking slow that unless the coin skyrockets real high, it's just useless considering you can damage your computer.

Namecoin was the first alt-coin, even iXcoin came out before Litecoin. Litecoin is far from being the first altcoin...It was just the first fairly released altcoin released that didnt have a premine..

Coming to the mining part, I'm not sure, I've tried doing it on my Dell and only got around 0.1 monero per day.

[Brilliantrocket]

Anonymint has spent the past two days tearing apart Monero. Check out his posts on their thread.

[darkota]

Anonymity has spent the past two days tearing apart Monero. Check out his posts on their thread.

Your lies are outstanding... He talked about I2P and protecting against the NSA....Which he wouldnt even bother to do in Darkcoin's thread because anyone with $ can buy up all the masternodes and unravel darkcoins "anonymity", or simply DDOS all the masternodes..

[rpietila]

Anonymity has spent the past two days tearing apart Monero. Check out his posts on their thread.

He still thinks it is the best out there, like the rest of us do.

[smooth]

Honestly what are the chances Monero can give similar returns as Bitcoin? lets be real. Of course big gains will happen with Monero, but to get any relevant gains mining with my shitty rig (Q6600 CPU and r7850 GPU) Im not sure about it, specially considering I can fry the thing in the summer. With my computer i would be aiming at like 0.2 MRO now..

What the hell do you expect with a 7-year old CPU? It won't mine very well and it won't do much of anything else very well either.

Also, as explained earlier, mining is a distraction. If you want to invest, just buy. If you don't, that's valid too. Whether or not your obsolete CPU mines efficiently or not is irrelevant to your investment decision, and it is certainly irrelevant to the future price.