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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1377

post #13761 of 22807
Quote:
Originally Posted by Dimaggio1103 View Post

Does this jive with everyone else? Would my 500 KH/s rig be able to mine a decent amount in this time?

Same boat as this guy ^^^^

Is Mint a decent long term one to look at? Hard to say "long term" in this volatile environment, but it's good to have some educated thoughts on this.
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post #13762 of 22807
Quote:
Originally Posted by Dimaggio1103 View Post

So IF I was looking to mine a coin in hopes it will have a nice inflation bubble within a year or two what coin would I best invest my time in. Im doing dogecoin right now hoping it hits .05 USD.

If you're looking that far out... honestly there's absolutely no way to tell. There's no guarantee that BTC will still be viable in 2 years... or what it's value will be - let alone any of the alts. You're safer with DOGE than most, but really your exit window is too far in the future for this IMO. Look more for something that has good profitability for 2-6 weeks and then use that to buy BTC, LTC, DOGE and maybe PPC, WDC or some newer wildcard that's not a complete pump-n-dump anymore (like MEOW, VTC, DGC, etc.). Still unlikely any of them will still exist of have appreciable value in 2 years - but possible.

Others may have a different take on this, but that's my 2cents.gif on the subject and I'm definitely holding for the long-term. However, I'm also always keeping an eye on the shifting sands on exchanges and in the news - because as the past 3 weeks have proven... even BTC could conceivably lose 50-90% of it's value in a 'perfect storm' of bad news and technical difficulties. That goes triple for any coin that's not BTC.
post #13763 of 22807
Quote:
Originally Posted by DiGiCiDAL View Post

If you're looking that far out... honestly there's absolutely no way to tell. There's no guarantee that BTC will still be viable in 2 years... or what it's value will be - let alone any of the alts. You're safer with DOGE than most, but really your exit window is too far in the future for this IMO. Look more for something that has good profitability for 2-6 weeks and then use that to buy BTC, LTC, DOGE and maybe PPC, WDC or some newer wildcard that's not a complete pump-n-dump anymore (like MEOW, VTC, DGC, etc.). Still unlikely any of them will still exist of have appreciable value in 2 years - but possible.

Others may have a different take on this, but that's my 2cents.gif on the subject and I'm definitely holding for the long-term. However, I'm also always keeping an eye on the shifting sands on exchanges and in the news - because as the past 3 weeks have proven... even BTC could conceivably lose 50-90% of it's value in a 'perfect storm' of bad news and technical difficulties. That goes triple for any coin that's not BTC.

I see your point here and agree. That being said are you mining Mint for a stash or turnaround? Or do you see time (several weeks) better spent on a different coin. Come on I wanna quit working in a year!!! biggrin.gif
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post #13764 of 22807
I now kinda wish that really cheap and efficient scrypt ASICs would come out so we could finally have a scrypt coin winner and then the price of VTC would shoot up and the rest of the crapcoins would die and all of the 12 year old idiots on bitcointalk would stop releasing a crapcoin every hour and we could finally move on to more innovative coins and algos.
post #13765 of 22807
TOP 10 Most Valuable Coins: February 2014 Edition.


RYmF3Ko.jpg
post #13766 of 22807
Quote:
Originally Posted by Minusorange View Post

weeee I got in on my first launch mining blackcoin

looking forward to mining Ruby when it launches tonight as it's already got an exchange lined up so going to dump as I go with that coin

I was hoping to get in on some Ruby action today, but my res threads stripped just enough last night to cause leakage. mad.gif

Replacement will arrive by 3 PM tomorrow. With so much hype, I'm afraid I'll miss the RUBY boat in the first 24-36 hours.
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post #13767 of 22807
I'm curious as to what a paper wallet is.

You write something down or something? I don't get it.
post #13768 of 22807
Whats going on with BTC today?? All time low recently.. its nuts and here I thought it was going back up..
post #13769 of 22807
Quote:
Originally Posted by incog View Post

I'm curious as to what a paper wallet is.

You write something down or something? I don't get it.

pretty much.. paper wallet = print or write down your private address, then delete wallet from computer and destory back ups.

and you can turn it up a notch https://en.bitcoin.it/wiki/Brainwallet
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post #13770 of 22807
Quote:
Originally Posted by incog View Post

I'm curious as to what a paper wallet is.

You write something down or something? I don't get it.

you're basically making your coins as inaccessible to the internet as the cash in your back pocket.
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