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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1301

post #13001 of 22310
Are there any new coins that are coming soon? I havnt jumped on any new coins since Doge.
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The Sleeper
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post #13002 of 22310
Quote:
Originally Posted by blkdoutgsxr View Post

There is an entire thread dedicated to it if you would like to learn more:
http://www.overclock.net/t/1457860/nut-nutcoin-fan-club-the-time-of-nut-has-arrived-d

Personally I am very skeptical of the coin, and whenever someone mentions the NutLaw I can't help but chuckle. It is supposed to be anti-dump by limiting transfer amounts (though I don't know if this really works), and it is supposed to follow a arbitrary pattern for value (which it defiantly does not, though it might some day). I do not mean offense to anyone on this forum but I lost interest when people were running around trying to convince others to mine the coin, when realistically they could mine any other coin and just buy 10x the nutcoin, which would have actually been better for everyone involved (pushes demand and price up at the exchange). I also think even mentioning NutLaw to people who do not understand valuation and trying to play on their wanting to get rich quick is deceitful at best.

So there is the negative perspective, there will be several people following me that give you all of the "pros" of NUTcoin.

Edit: Also I should mention that I do have a holding of NUT, so if it does take off I will be pleasantly surprised. I mined it when it was ridiculously easy to come by though.

The anti-dump is complete bs. All it does is limit the transfer from pools to 50k nutcoins. Wallet to wallet transfers can be done in whatever quantity you want. I used to believe this coin had a future but after learning this I'm not so sure. I'm still holding several million though just in case.
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post #13003 of 22310
anyone have any success mining TIX? it's one of the few scrypt-jane coins around
post #13004 of 22310
Quote:
Originally Posted by taafe View Post

I re formatted it and connected another usb it worked! Cheers +1

Congrads!
Quote:
Originally Posted by taafe View Post

Done it! I only had one usb connected!! What should I do next? Install cgminer? Thanks +1

Start with step 3

http://www.cryptobadger.com/2013/04/build-a-litecoin-mining-rig-linux/
post #13005 of 22310
removed
Edited by charliew - 2/17/14 at 1:40am
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post #13006 of 22310
Seem like USDe is consistent lately. Might give that a shot for a couple nights. If not I think DOGE is still pretty good with the lower difficulty. Doesn't top the charts anymore, but seems like everything that does just gets destroyed once a bunch of people switch to it and dump...
Edited by blkdoutgsxr - 2/17/14 at 1:40am
post #13007 of 22310
Yeah, actually if DOGE was never in the charts again I'd be much happier, sure there is the theory that you can make more mining a more profitable coin than the one you actually want to hold... but in practice this usually is simply a way that the middle-class gets their resourced raped for the benefit of the elite few. After all - the profitability, in most cases, is determined by unfulfilled demand for the coin - but the moment that occurs, huge pools will fill that demand far before the 'little guy' has any chance to benefit... then once there's a ton of coins and demand has dwindled... the pools move on and the independent miner finally has enough coins to make it worth moving them to the exchange and trading them... but now this won't be as profitable.

I also believe that independent miners are more likely to continue mining after profitability falls simply because always checking the most profitable coins and managing 10 different exchange accounts is extremely time consuming - so the unemployed or underage miner may see some value there - but people that have other responsibilities might not even get back to checking on their balances by the time profitability has dropped off significantly. Hence why middlecoin and similar pools have interest, despite questionable exchange practices and very limited transparency if any as far as profit distribution is concerned.

The coins that actually have some real-world value are basically never on those lists (or at least not very high on them). In that way DOGE is now truly able to be counted with the likes of BTC, LTC, WDC, PPC, etc... as it's becoming more stable and less interesting to industrial miners and switcher-pools.

On the Nutcoin comments made by blkdoutgsxr... I agree 100% with his analysis of the lack of rational reasons for supporting the coin. I definitely don't point much hashrate at it, and I consider the amount that I do quite likely a waste of power... but there is one aspect that I really like about it - the way it's developing (even amidst the crypto-coin-craze) reminds me of BTC circa 2011. There is a small, enthusiastic community built around a coin that has basically zero development despite some promising suggestions, a general consensus that it's "never going to amount to anything", and yet there are a ton of people (especially here) that own and hold at least a small amount of it.

The whole 'nutlaw' thing is absolutely and totally crap - worse than Maxcoin or UTC in that regard (i.e. devs promising something totally different than anything else, while providing exactly the same thing or worse). However, as something that has a possibility to take off on it's own after everyone has given it up for dead is something I consider worth supporting at least part-time. I did the same thing with BTC - and now years later I wish I'd have mined it agressively rather than just when I wasn't gaming for a few hours per day. On the other hand, the fact that I also just sat on my tiny little BTC wallet (which at the time was worth much less than the cost of the GPUs I was mining it with) - worked out really well 3 years later. I'm not saying in 3 years that NUT will be worth $1/ea... I'd be amazed if it was worth that much in 10 years... or ever TBH. However, I also guaranteed to myself and others that DOGE would die a horrible death within 6 weeks of debut... and I'm really glad I mined the crap out of it and held all of them regardless. wink.gif

That being said... if you need money, hardware, etc. or want to see long term gains that are at least somewhat likely... you're better off backing almost any other coin. I think of mining and holding NUT similarly to buying a lottery ticket... you're 99.999999% likely to have wasted $2 and a small amount of paper - but that .000001% chance that you didn't makes it interesting. (Full disclosure - I've never actually purchased a lottery ticket - as I feel that actually has even less of a chance of returning anything to me ever.) biggrin.gif
Edited by DiGiCiDAL - 2/17/14 at 2:12am
post #13008 of 22310
Sent some Doge to cryptsy and they're taking forever to receive it;

could this be becaues no one is mining doge and there are a LOT of transaction going about? i have 0/3 confirmed

or cryptsy is just bad?
post #13009 of 22310
1. how would I adapt/convert a CGMiner batch file to a CUDAminer batch file? Eg: cgminer --scrypt -o stratum+tcp://xxx.xxx.xxx:XXXX -u login.worker -p worker_password
2. is the latest version of CUDAMiner the best option for those trying to mine a scrypt based coin with NV cards?
post #13010 of 22310
Quote:
Originally Posted by fleetfeather View Post

1. how would I adapt/convert a CGMiner batch file to a CUDAminer batch file? Eg: cgminer --scrypt -o stratum+tcp://xxx.xxx.xxx:XXXX -u login.worker -p worker_password
2. is the latest version of CUDAMiner the best option for those trying to mine a scrypt based coin with NV cards?

1. cudaminer.exe -a scrypt -o stratum+tcp://xxx.xxx.xxx:XXXX -u login.worker -p worker_password
2. Pretty sure thats a yep. Takes some fidgeting with the setting tho, but imo its still easier than cgminer
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