Dark Shade
[H]ard|Gawd
- Joined
- May 2, 2006
- Messages
- 1,872
I've noticed more and more threads about litecoin and other alternative cryptocurrencies (being other than bitcoin itself). I think consolidating altcoin disucssions into a single thread will be beneficial.
The short list of popular Altcoins (always changing):
Litecoin (LTC)
Feathercoin (FTC)
Novacoin (NVC)
Terracoin (TRC)
Worldcoin (WDC)
Peercoin (PPC)
Primecoin (XPM)
Dogecoin (DOGE)
Helpful sites:
BTC/LTC/NMC Chain Data (http://allchains.info/)
Transaction Explorer (http://cryptocoinexplorer.com/)
Coinwarz Calculators and Altcoin Market Watch (http://www.coinwarz.com/)
General Altcoin Information (http://altcoins.com/)
Protect your Wallet! (bitcoin site but applies to all cryptocurrency wallets) (https://en.bitcoin.it/wiki/Securing_your_wallet)
Altcoin Information Dashboard and Calculators (http://www.dustcoin.com/)
Markets:
Mt. Gox (bitcoin only) (https://www.mtgox.com/)
Coinbase (bitcoin only) (https://coinbase.com/)
BTC-E (multiple coins) (https://btc-e.com/)
Vircurex (multiple coins) (https://vircurex.com/)
Coins-E (all coins?) (https://www.coins-e.com)
Cryptsy (all coins?) (https://www.cryptsy.com)
__________________________
Why mine altcoins?
The short list of popular Altcoins (always changing):
Litecoin (LTC)
Feathercoin (FTC)
Novacoin (NVC)
Terracoin (TRC)
Worldcoin (WDC)
Peercoin (PPC)
Primecoin (XPM)
Dogecoin (DOGE)
Helpful sites:
BTC/LTC/NMC Chain Data (http://allchains.info/)
Transaction Explorer (http://cryptocoinexplorer.com/)
Coinwarz Calculators and Altcoin Market Watch (http://www.coinwarz.com/)
General Altcoin Information (http://altcoins.com/)
Protect your Wallet! (bitcoin site but applies to all cryptocurrency wallets) (https://en.bitcoin.it/wiki/Securing_your_wallet)
Altcoin Information Dashboard and Calculators (http://www.dustcoin.com/)
Markets:
Mt. Gox (bitcoin only) (https://www.mtgox.com/)
Coinbase (bitcoin only) (https://coinbase.com/)
BTC-E (multiple coins) (https://btc-e.com/)
Vircurex (multiple coins) (https://vircurex.com/)
Coins-E (all coins?) (https://www.coins-e.com)
Cryptsy (all coins?) (https://www.cryptsy.com)
__________________________
Why mine altcoins?
The popularity of altcoins has risen dramatically since ASICs arrived on the scene for BTC mining. This generally tossed GPU mining profitability out the window. Most altcoins, or coins other than Bitcoins, are still very much able to be mined and utilized with GPU power. (currently, scrypt-based altcoins do not have an ASIC like SHA-256 coins do) These altcoins will vary in how much they are worth against other currencies, but normally they are tied to the BTC value, much like other fiat currencies used worldwide have attached value to the US dollar. With the explosion of popularity that BTC has been going through in the recent months, and with the difficulty levels of BTC (and to a lesser extent, LTC) raising to huge numbers, altcoins can be another source of income for those with the ability to mine them.
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