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[Official] BitCoin LiteCoin DigitalCoin and all Crypto Currencies Club And General Information Thread - Page 1550

post #15491 of 22508
Quote:
Originally Posted by barkinos98 View Post

Quote:
Originally Posted by Crizume View Post

What hes saying is you could mine a more profitable coin and in turn buy more zeitcoin than you could have mined in the same amount of time.
ha i see
well its kinda too late now i got 270k i'll finish up to half a mil and then change to something else tongue.gif

E: on another notice, 300k i have now is worth 0.00301156 BTC.
im dropping this most likely its too low :/

You're reminding me of all the Karmacoin I've been mining, LOL.
post #15492 of 22508
Quote:
Originally Posted by incog View Post

You're reminding me of all the Karmacoin I've been mining, LOL.

When Karma first came out though.... .04 BTC/Mhash drool.gif
post #15493 of 22508
Quote:
Originally Posted by blkdoutgsxr View Post

Quote:
Originally Posted by incog View Post

You're reminding me of all the Karmacoin I've been mining, LOL.

When Karma first came out though.... .04 BTC/Mhash drool.gif

how do you calculate that value?
i got 2mhash on my command and zeit coins are worth jack :/
still love the idea of having 300k mined in a day's worth biggrin.gif
 
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post #15494 of 22508
Quote:
Originally Posted by barkinos98 View Post

how do you calculate that value?
i got 2mhash on my command and zeit coins are worth jack :/
still love the idea of having 300k mined in a day's worth biggrin.gif

Karma is not worth that anymore... When it first came out you could mine 1mil a day per Mhash and the price was 4 satoshi.... Thats .04BTC/Mhash... I don't know what the current value is, I don't think it is worth mining anymore though
post #15495 of 22508
So what will it take for this to remain become sustainable? In its current state, any smart investor worth a darn will not want to put money into this system
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post #15496 of 22508
Quote:
Originally Posted by lacrossewacker View Post

So what will it take for this to remain become sustainable? In its current state, any smart investor worth a darn will not want to put money into this system

There's already plenty of monies in the system, imo. I think what's going to happen is that all the crappy alt-coins are going to die out, leaving room for only the most stable coins: Bitcoin, Litecoin, Dogecoin and the stronger alt-coins (which I think blackcoin is a part of). Everything will "decline" a bit. This little rollercoaster ride was due to the dudes who bought lots of AMD cards to make quick money.

It will stagnate, then stabliize, then probably rise slowly again.

I THINK. I'm totally speculating here, maybe someone else can bounce off this idea?
post #15497 of 22508
Quote:
Originally Posted by incog View Post

There's already plenty of monies in the system, imo. I think what's going to happen is that all the crappy alt-coins are going to die out, leaving room for only the most stable coins: Bitcoin, Litecoin, Dogecoin and the stronger alt-coins (which I think blackcoin is a part of). Everything will "decline" a bit. This little rollercoaster ride was due to the dudes who bought lots of AMD cards to make quick money.

It will stagnate, then stabliize, then probably rise slowly again.

I THINK. I'm totally speculating here, maybe someone else can bounce off this idea?

I agree, what I will add is the more 'pump and dumps' that happen the more likely alt coins will fail. Every pump and dump just funnels the wealth to the major players in the crypto game. People who are happy they are gaining the 10% on their .5BTC orders are just small fish compared to what the big guys are funneling. For every gain you make, someone loses; And this is why a highly volatile market is good for great traders, and bad for longevity. BTC, LTC, and Doge are becoming too expensive to artificially inflate the price so you are seeing them arrive at their true market values.

I don't know if I agree with the BC becoming a player in the 'strong' Alt markets, but we will see.
post #15498 of 22508
Ill bounce this: I doubt BC will go anywhere as a long term currency, mostly because no one other than the small pool of miners who actually hold BC really want it to go up in value. Anyone who doesn't already have a stake in it will look elsewhere, because frankly who cares about one of a thousand different scrypt coins, let alone one that can't even be mined anymore.

I'd say the following coins have a long term future:

- BTC
- LTC
- Doge maybe.... maaaaybe haha
- PTS/BTS if the devs get cracking on their DACs
- UTC if it gets proper penetration with e-tailers
- VTC if the one-click miner is released, and it gets proper penetration as above

2cents.gif
post #15499 of 22508
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post #15500 of 22508
You need to define what exactly you mean by sustainability. You obviously can't expect mining to be sustainable, after all there's only so much money you can print before it becomes worthless (see Zimbabwe). Also, I think only BTC and to a lesser extent LTC have managed to reach a critical mass of network strength & popularity to survive the volatility of pumps n dumps and absorb the shockwaves of real or perceived newsbombs.

There's also the fact that cryptos have a few issues to work around still, so I'm not expecting smooth sailing, but I think they'll survive, just going to take a good while longer to become less volatile.
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