perfectcoin: the quest for the perfect cryptocurrency
Many cryptocurrencies exist now, with more being launched all the time. This subreddit is not about any one cryptocurrency, but instead a place to exchange links and ideas about what makes the best altcoin and how to improve on features of current altcoins.
Ethereum is so powerful, someone made a fully Proof of Work mined cryptocurrency inside it - to the moon!
To all the Ethereum haters and to everyone spinning up their own blockchains, to those who think all of the new tokens are just scam ICOs, you are wrong. Ethereum is better than that. Now there are also pure Proof Of Work mined cryptocurrencies within ethereum (as tokens) - you don't need a separate blockchain to launch trustless cryptocurrencies anymore you can just use the one world blockchain - Ethereum. As of 2018 there are four Token Mining Pools running and many open source Token Mining clients. This is pretty big for Ethereum and scary for smaller mined cryptocurrencies. We can rebuild any Cryptocurrency inside of ethereum now. Bitcoin, litecoin, feathercoin, namecoin, peercoin, anything. Buckle up. Look at how ridiculous this is: http://tokenminingpool.com
Who are creating all the alternate cryptocurrencies?
Everyone knows Bitcoin and Litecoins goes hand in hand and they are the most popular cryptocurrencies out there. But who is creating all these alternative cryptocurrencies such as Feathercoin, Peercoin, Quarkcoin, Craftcoin, etc. and why are they created? Do the creators get any profit of the alternate coins? I see no potential why they would be something people would want to pay with in the future. I can not think that a café (for example) wants to add any other payments besides BTC, LTC and some FIAT currencies. Why would they ever struggle with adding Peercoin, Quarkcoin, Craftcoin etc etc etc? Once again, who are creating these coins and why? Do they have potential to grow high? If so, why? Also, do people think BTC will go to 1 000€, 10 000 € or 50 000€? What is the expectation and what's their theory? What would be smartest to invest in right now, BTC, LTC or some other altcoin?
What makes mint so much more special than any other coin
Hello everyone, I am posting this because I think it's important... Overall, Mintcoin is faster, more energy efficient, has billions of coins which is a good thing because you don't run into the problem that people have with Bitcoin where they don't want to buy 0.19 of a coin for $100 they want to be able to afford to buy a whole coin - so Mintcoin has better liquidity. Transaction times are faster than Litecoin and fees basically 0. More secure from 51% attack because of the hybrid PoW/PoS. Mintcoin's energy efficiency cannot be understated. The cost of power consumption for PoW coins such as Bitcoin, Litecoin, Dodge, et al. are becoming more and more centralized as the mining industry evolves into a multimillion commercial enterprise owned by corporations. Proof-of-Work is basically proof of energy consumption which is not sustainable and terrible for the environment. Once Bitcoin and Litecoin hit their max coin caps, then all of those miners will have to try to make their money on transaction fees with is cost prohibitive. Mintcoin solves so many problems it is ridiculous. Mintcoin doesn't need miners to secure the network, so it is vastly more energy efficient and secure than Bitcoin, relatively speaking. With Bitcoin/Litecoin/Feathercoin/Namecoin et al, the security of the network is dependent upon the miners, and this will lead to eventual centralization of the networks and security will be reduced over time. With Mintcoin, the coin is designed in such a way so that security will increase over time, and the network will become more decentralized. So due to the design, Peercoin is the most likely to be sustainable, and not waste excess energy. Mintcoin is greener, better for saving our environment and saving electricity, Mintcoin solves the mining arms race problem we are beginning to see with these other coins. Bitcoin's security relies on miners. As time goes on, Bitcoin will be forced to move transactions "off block-chain". If Bitcoin moves off block-chain, miners cannot be compensated for these transactions. If miners cannot be compensated, they won't mine. If miners don't mine, network security goes down as time goes on. As time goes on, Bitcoin becomes increasingly less secure and more risky to use as a safe-haven to store very large sums of money. Mintcoin's design solves this problem. MINT is more energy efficient, secure against 51% attack, and enforce transaction fees at protocol level to defend against block bloating attacks. Bitcoin's network is actually a huge waste of energy, and will become less and less attractive as time goes on, less secure as time goes on, and eventually get block bloated. Mintcoin has "Significant" innovation above and beyond Bitcoin and other coins. Bitcoin, Litecoin, et al. and potentially even Peercoin will suffer from an endless cycle of perpetually needing more and more and MORE mining gear to keep it going...this process is really turning into a beast that can only end badly...and it is never going to end. The worst part about Bitcoin is that Proof-of-Work has basically turned into Proof-of-Electricity. This is going to be a serious energy problem...and only the places with cheap electricity will be able to compete...this will force energy prices perpetually higher and higher. But now, with Mintcoin, this is completely unnecessary. Mintcoin is environmentally sustainable, and shows that Bitcoin is just an inefficient coin, a complete waste of money, and resources. I am not against Bitcoin, I love BTC, but I am looking objectively, and I am willing to admit it is not perfect. Mintcoin is much more tailored to surpass it. Mintcoin features a combination of many of the best features of many prior coins, (speed, coin cap, energy efficiency, fair distribution) and the combination of such features is what make Mintcoin new and fresh innovation. Mintcoin is the first coin to implement PoW/PoS hybrid that goes to 1 coin PoW after the initial PoW phase making while also being the first PoW/PoS coin to have a coin cap, with faster transaction times. The combination of these makes MINT superior in energy efficiency and ability to retain value without being inflated away. Energy efficiency Security Transaction speed Coin cap Good name Good distribution -sourced from bitcointalk & Wikipedia
When I decided to write this guide, I was throwing cryptocurrencies around like they were nothing. I was foolish in the fact that I disregarded the exchange fees that are attached with the services that those exchanges provided. I'm in by no means a cryptocurrency genius, and I'm still not extremely seasoned at it, but I've learned enough about cryptocurrencies in the past month that I feel confident to pass on the knowledge I have learned and to help those who are overwhelmed on where to start. So what exactly is a cryptocurrency? According to technopedia (n.d.) a Cryptocurrency is a type of digital currency that is based on cryptography. Cryptocurrency uses cryptography for security, making it difficult to counterfeit. Public and private keys are often used to transfer the currency from one person to another. When mining cryptocurrencies, one important concept needs to be established, and that's hash rate. Hash rate is simply a unit of measurement of processing power. The more your hash rate is, the more profitable mining becomes. This guide uses specific sites and software, chosen by myself, as a great springboard into the cryptocurrency world. These sites and software are extremely flexible, easy to use, and integrate very well together. The mining pools I've chosen are multiple currency pools, designed to consolidate a major of the cryptocurrencies together, and instead of using several mining pools, you use three. These are the things you'll need to get started: MultiMiner Accounts at Coinotron, The Mining Pool Co., and BitMinter Accounts at Cryptsy and Coinbase There are a few different ways to mine for cryptocurrencies, the common of which are using your Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC) devices. CPU based mining is not profitable any longer, and will cost you money in the end by increasing electricity costs. GPU based mining is still popular, but losing steam against ASIC based mining. If you choose to use your GPU for mining, AMD/ATI based graphics cards (especially the Radeon HD 79xx series of cards), are the most efficient. If you have an nVidia based graphics card, I'm sorry. You can still mine on nVidia cards, but your hash rates are going to be much slower when compared to their AMD/ATI counterparts. If you chose to use GPU mining, Black Friday or Cyber Monday are you best bets for upgrading your equipment. ASIC based mining is quickly losing value with the changing difficulty on all networks, but it's the most cost effective way to increase your hash rate, and see a positive return on any equipment purchases. If my math is correct, using the methods in this guide, in order for any ASIC device to yield a positive cash flow, you've got to get a device that has at least a 5Gh/s rate (such as the Butterfly Labs Jalapeno). Now for the fun part, explaining how everything in this well greased machine is going to work. Patience plays a big part in the cryptocurrency world, and when I first started, I had none. I was so eager to see the amount of Bitcoin go up, regardless of how much I was getting penalized in fees from trading. So, that's the first step on your journey. PATIENCE. I CANNOT emphasize this enough. Sometimes, you've just got to hurry up and wait, the effects of waiting things out on the cryptocurrency market WILL PAY OFF. Step one of this machine is signing up for all three pools (BitMinter, Coinotron, and Mining Pool Co.). This is so that you can actually get server addresses to plug into MultiMiner, after signing up for these services though, you've still got a ways to go. Step two is sign up for Cryptsy. I chose Cryptsy because of the features they're going to offer at a later time, as well as support for 60 cryptocurrencies (which covers all but one of which we can mine). When your Cryptsy account is setup, you will need to go into the Balances portion of Cryptsy, and find all of the currencies in which you will be mining from the pools. Once Balances are loaded up, you will need to click on the Actions button next to the currency, and click Deposit / Autosell, and then Generate Address. There's a small clipboard near the address it generated, and that will copy the address for pasting in the mining pool websites. You will want to copy, and paste all of them to a text document, along with which currency it belongs to. Not only does this keep you from juggling back and forth trying to figure out things, but it helps for reference and setting up MultiMiner. Once you have those accounts setup, you'll want to sign up for Coinbase. A WORD OF WARNING FOR THOSE WHO ARE PARANOID... Coinbase will want to link to a bank account, this is mandatory if you want to trade your currencies for cash. If you want to trade currencies, just for the sake of trading, then you can skip Coinbase altogether. You can transfer your Bitcoins from Cryptsy straight into Coinbase, and then sell the Bitcoins from Coinbase, and straight into your designated bank account. MultiMiner, oh how amazing you are. For every cryptocurrency available in all pools, you will need to add these coins, along with server addresses, log-ins and passwords. To do so, click on the drop down next to the Settings button, and click Coins. From there, click on Add Coin, and choose each coin from a pool. This will list it in the box to the left, and give you the ability to add information on the right. You can add multiple servers as well, in case the current server you're mining on goes down. After all your coins are setup, you'll need to setup your Strategies. Click the drop down next to Settings, and chose Strategies. Check the Enable Strategies check box, choosing Straight Profitability from the drop down, and checking the Strategy every five minutes (that way you're not losing money by mining something that has dropped in price). This aggressive price checking makes it to where you're always on top with whatever you're mining. Also make sure you have Mine the Single Most Profitable Coin selected. Stick with CoinChoose as your price source (under Settings), as CoinWarz charges for there services beyond a certain point. Click Start, and take a vacation. Reading the charts on Cryptsy can be a little tricky, and scary if you've never saw those types of graphs before. Those graphs are called Candlestick Charts, and are used primarily in the stock market. I won't go in to great detail on this, however, you can find a nice cheat sheet on the subject here. I hope everyone enjoyed the guide, sorry for being punctual and brief, but there isn't anything too elaborate of complicated about searching for cryptocurrencies. I love mining as a hobby, mining's fun, and if there is any money to be made off of mining from my end, great, if not, I had fun mining. While compiling a spreadsheet of the minable currencies in this guide, if everything is set up correctly (and assuming servers aren't down), you should be able to mine the following:
And while Mining Pool Co. offers ASICcoin and Unobtainium, ASICcoin isn't supported in MultiMiner, and Unobtanium isn't supported in Cryptsy. I still mine for Unobtanium in hopes that Cryptsy will include it one day. References Cryptocurrency. (n.d.). In technopedia. Retrieved from http://www.technopedia.com/
Altcoins.com only a small list of the 200 alt. currencies online
Altcoins AltCoins.com is a list of Bitcoin alternatives Find out more about alternate cryptocurrencies, real alternatives to Bitcoin. This site contains useful information about every alt coin such as client download locations, mining guide, exchange info and more. Use this site to get familiar with live bitcoin alternatives. Use alt coins, mine and exchange them. Keep the alternate chains alive. SHA-256 alternate cryptocurrencies Altcoins using SHA-256, the same hashing algorithm as Bitcoin.
Alternate cryptocurrencies can be mined using the same hardware as for mining Bitcoins (mostly SHA-256 alt coins). While bitcoin mining is going to use FPGA and ASIC devices, scrypt based alt coins can be mined using GPU cards. Hybrid and CPU alternate cryptocurrencies Alt coins using other, innovative hashing algorithms
XPM – Primecoin QRK – Quark SRC – Securecoin Nxt – Next YAC – Yacoin SKN – Skeincoin PTS – Protoshares DRK – DarkCoin Curecoin OFF – Offerings to Cthulhu MED – MediterraneanCoin HTC – Huitongbi PGC – Pangucoin
If you don’t have a GPU or ASIC hardware you can still mine some of the CPU-only altcoins.
CEX.io Recent Posts CGB – Cryptogenic Bullion DGC – Digitalcoin Panda altcoins – PAND – PND – PANDA Pandacoin [PAND] – “The original scrypt Pandacoin” The Panda Coin [PND] – No premine scrypt PoW The Panda Coin [PANDA] – scrypt, 3% premine Elacoin [ELC] – Fair Elastic Scrypt PoW Feathercoin [FTC] Platinum Coin [PT] SHA-256 WorldCoin [WDC] – Coin Of The Future Categories Alternate cryptocurrencies ASC – AsicCoin BLC – Blakecoin BTC2 – Bitcoin Scrypt BTE – Bytecoin CGB – Cryptogenic Bullion CRC – Curecoin DEM – Deutsche eMark DGC – Digitalcoin DRK – DarkCoin DVC – Devcoin ELC – Elacoin FRC – Freicoin FTC – FeatherCoin HTC – Huitongbi I0C – i0coin IXC – Ixcoin KING – Kingcoin KRN – Ekrona MAX – MaxCoin MED – MediterraneanCoin MMC – Memorycoin 2.0 NMC – Namecoin NVC – Novacoin Nxt OFF – Offerings to Cthulhu PAND – Pandacoin PANDA – Pandacoin PGC – Pangu PND – Pandacoin PPC – Peercoin PT – Platinum Coin PTS – Protoshares QRK – Quark SKC – Skeincoin SRC – Securecoin TAG – Tagcoin TRC – Terracoin WDC – WorldCoin XPM – Primecoin YAC – Yacoin
As a Bitcoin supporter: What's the appeal of the various altcoins?
I'm a huge bitcoin fan, and I'm starting to look at other cryptocurrencies now. I'm trying to figure out what niche they fill. I can understand the appeal of Litecoin: it's easier to mine and more resistant to ASICs. I also understand the appeal of something like Ripple, which is really like a decentralized currency exchange/trading platform with an (unfortunately pre-mined) cryptocurrency attached to it as a secondary thing. But what's the appeal of these other altcoins? there are tons and tons and tons of them. Namecoin, Primecoin, Freicoin, Feathercoin, etc... I saw a "Memecoin" while looking today. What's the idea here, exactly? Why are people into these? Do people think these things will fill some kind of niche that will give them a unique role in the "cryptoeconomy?" My gut reaction is to throw them all away except Bitcoin, but that was my gut reaction to Bitcoin when I first heard of it too, so I want to give them a fair shot. Plus, it looks like Primecoin is going nuts right now, so people must care about these things for some reason.
Bitcoin is technology. Don't compare it to gold or currency.
I have read many articles all over the internet about bitcoin is the gold 2.0, virtual currency replaces fiat money. Gold is the commodity. Gold value has been around in the history for 5000 years. Its value will be here for another 5000 years unless the scientist can create the synthetic gold or they can mine gold in the asteroid. US dollar or any other fiat money is backed by the government with military and police. Bitcoin is the technology. It is like http for the web, smtp protocol for email. The more people use it the more value it is. 2 or 3 people use it then it has little value. Billion people use it then it has the tremendous value. It is the power of network. It likes Facebook or Twitter with billion people using it then it worths multi-billion dollar. Technology comes and goes. The new technology will replace the old technology or make the old technology obsolete. The new better digital currency will replace bitcoin. Investing in bitcoin likes investing in the technology stock. Investing in it right now like you buy Microsoft IPO in 1986 and you sell Microsoft stock at its peak value in 2000. Don't ask Warren Buffett about investing in bitcoin. He never invest in anything that he doesn't understand. Beside he doesn't want to invest in technology stock. He refused to invest in Intel or Microsoft even he had the chance to know the company CEO. There are many other cryptocurrency such as Litecoin, Namecoin, Peercoin, Feathercoin. It is like there are many social network websites like Facebook, Google+, Myspace, LinkedIn, Bebo. The one has the most users then it will has the most value as the market cap. All of the cryptocurrencies will coexist. Bitcoin, gold, US dollar, fiat currency will coexist. Each of them is useful for each country, each company or each individual user.
Litecoin is a clone of Bitcoin with a faster transactions Ethereum Classic: 2015 : ETC: Dagger-Hashimoto : This is the same Etherium, but developers have a conflict, and they divided coin, the price is much cheaper Dogecoin: 2013 : DOGE: Scrypt: Completely copied algorithm with Litecoin with some modifications. Popularity due to large investments in advertising and symbol-a picture of the ... Bitcoin, Litecoin, Namecoin, Dogecoin, Peercoin, Quarkcoin, Worldcoin, Feathercoin - marktpreis, belohnung, schwierigkeit, hashrate, marktkapitalisierung ... Bitcoin Examiner just did a list of the 13 most promising cryptocurrencies out there and now there’s a new exchange that can convert Bitcoin, Litecoin and Feathercoin. The name of this service, which is currently running its beta testing phase, is Crypto Street. This Delaware-based digital currency exchange is the first of its kind toRead More Litecoin L3 Mining Contract Lifetime. Ethereum:Reddit gives you the best of the internet in one place. Invest in litecoin or ethereumThis figure presents market share of BitCoin, Ethereum, Ripple and LiteCoin for the of BitCoin versus altcoins may lead to interdependencies between BitCoin and LiteCoin, Dash, NameCoin, CounterParty, MintCoin, Qora and Buy Bitcoin with Litecoin at the Largest ... Bitcoin Mining Kalkulator; Ethereum Mining Kalkulator; Bitcoin Cash Mining Kalkulator; Litecoin Mining Kalkulator; Bitcoin SV Mining Kalkulator; Monero Mining Kalkulator; Zcash Mining Kalkulator; Dash Mining Kalkulator; Ethereum Classic Mining Kalkulator; Bitcoin Gold Mining Kalkulator; Vertcoin Mining Kalkulator; Feathercoin Mining Kalkulator ...
Easiest way to mine Bitcoin, Litecoin, PPCoin, Namecoin, Feathercoin, and Dogecoin
www.plugnmine.com Plugnmine ASIC Litecoin Miner review bitcoin ltiecoin dogecoin feathercoin scrypt mining Use any CPU or GPU for any coin, SHA-256 or Scrypt, any computer, as many computers, and with immediate mining results. https://www.eobot.com/new.aspx?referi... -you can (i think) mine every cryptocurrency you want (bitcoin, litecoin, feathercoin, infinitecoin, quarkcoin, dogecoin etc.) if you like the program pls share it and subscribe me. its free ... FeatherCoin is a fork of Litecoin using its latest build. I am a supporter of Litecoin and will be following Litecoin's patches and releases. The Litecoin team is currently working on a newer ... Yay the Motherboard showed up today to start building my litecoin and crypto currency mine. This is a dedicated mining board that allows up to 6 cards to be ...