The Altcoin Thread

Carbon_Rod said:
Somehow I have a feeling that the random block thing isn't the reason why DOGE is still declining. I do, however, feel that it is because it's getting stagnant. There's too many people mining it, not enough uses for it.

But besides that, there is no easy fix for the random block issue other than to remove the randomness and make every block worth a standard number of coins, though, again, I don't believe that's the source of the issue with DOGE's value. That's like having a car with an engine problem and thinking that changing the tires will fix it.

Looks like I may have to bite the bullet and get out of DOGE for the time being... buy back in when it hits the basement.
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I agree with you on the technical issues. However, the developers were perceived to be incompetent due to this issue as well as a few others recently, so I think a reasonable amount of people just simply lost faith. Couple that with a stagnant community now, and you have a problem. I got out at 200 when I kept seeing 'good news' for Doge hitting websites and no response in the price. Also, I bet you could graph Doge price and active reddit users on /r dogecoin and the trend would be pretty close.

Carbon_Rod said:
I think it would take quite a bit for me to sell at a loss as mine was all mined. Even the stuff I bought with LTC (when I sold LTC because it was stagnant) I bought with LTC that I mined. I can get most of my LTC investment back if I traded it now... that might be a better idea than holding DOGE. Though I still think it will be quite a wait for LTC to go up as well. May as well just hold the BTC... that may be the best of the options.

Of course, I'm at work now and can't actually sell anything at the moment because it's all sitting in my wallet on my computer at home. So, I guess I'll have to get used to the thought of selling DOGE at a price possibly a little lower than it is right now.

Or I could just continue to gamble and hold the whole thing.
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Not a huge fan of LTC long. I don't think it's undervalued right now, I just think it has no real value besides being #2 crypto - and when Doge took a big swing at it a lot of people realized anything besides BTC is simply community hype driven or whack a mole with how quickly and/or effectively China can 'ban' a crypto. The LTC community is a lot like a Linux forum on a hardware enthusiast website. Not trying to be offensive to anyone there, but I think we all know the feeling.
 
SilverSliver said:
I agree with you on the technical issues. However, the developers were perceived to be incompetent due to this issue as well as a few others recently, so I think a reasonable amount of people just simply lost faith. Couple that with a stagnant community now, and you have a problem. I got out at 200 when I kept seeing 'good news' for Doge hitting websites and no response in the price. Also, I bet you could graph Doge price and active reddit users on /r dogecoin and the trend would be pretty close.
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I think DOGE, and all cryptos in general, actually have a problem. The problem is with the community. Everyone says "It'll go back up", but yet nobody is willing to buy to make it go back up. It's fine to say "I'm dedicated, I'm holding until it hits 300 again", but how is holding going to influence the market in your favor? Like someone was stating on the DOGE Bitcointalk forum, at its current price, you would need hundreds of BTC (400+) just to sustain the price for a day's worth of production (or something like that). So, unless it gets that influx of BTC, the price will just keep going down. It seems to me that if the community wants to support DOGE, they have to start buying... but that's not going to happen.

Chances are I will sell when I get home... hopefully it won't drop too much further between now and then.
 
Remember though, if BTC goes up, LTC usually goes up a little, while everything else usually goes down a little.

This is because LTC still has good ties to USD while everything else is tied to satoshi

This is why LTC still has a crazy 5000 difficulty even though value is only $15 now

http://bitcoinwisdom.com/assets/difficulty/litecoin-hash_rate-all.png

Whoa look at bitcoin difficulty - it actually overflowed 32 bit unsigned integer

http://bitcoinwisdom.com/assets/difficulty/bitcoin-hash_rate-all.png
 
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It's hard to believe that any of these deflationary currencies have long-term potential.
 
Heh, I'm swinging for the fences on DOGE which is strange since I thought it was dumb to begin with. I'll hold what I've mined (around 100k now) and if it flat lines, so be it. Ill pay attention around the next block split and try to sell while it's on an upswing. If not, it'll die and I only lost a few days of mining.

Good point about ltc being locked to btc prices. I've been a fan of ltc for a looong time and have the majority of my vesting in it. I got in cheap and could still sell at quadruple what I originally got it at. But I still think the future is bright for both btc and ltc.
 
Installed my new Gigabyte 750ti today and had cudaminer set up previously but I cannot get it to work with the pool.

took some trial and error to get it working.

Around 270 k/hash/s

If you do not join a pool and want to mine yourself how do you get paid? do you put your wallet # into the .bat file?
 
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Carbon_Rod said:
Sold all my DOGE... now it will go up.
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DOGE going crazy.... you're welcome.

DOGE update probably the cause.... they did take out random block rewards! :D:D
And they're updating to a diff retargeting system similar to DGB... which, I assume, is very much like Kimoto's Gravity Well.
Hard fork at block 145K... so about 5 days from now (as per the dev's posting which was last night).

For the record, tried to get back in... saw that it wasn't going up much past where I got in and changed my mind and got back out again with only minimal loss... my new DOGE fortune will be mined again.
 
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ep0x73 said:
Installed my new Gigabyte 750ti today and had cudaminer set up previously but I cannot get it to work with the pool.

took some trial and error to get it working.

Around 270 k/hash/s

If you do not join a pool and want to mine yourself how do you get paid? do you put your wallet # into the .bat file?
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Solo mining with only 270khash is almost pointless. Unless you are one of the first people to mine a new coin you are at the mercy of being a tiny fish in a huge huge ocean.

unless you are packing a couple of Mhash (minimum) i'd join a pool.
 
might sell all my dog during its next pump,hoping it can get over 300 this time. HODL!
 
collegeboy69us said:
unless you are packing a couple of Mhash (minimum) i'd join a pool.
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And even then, you're really only going to be able to mine the really low difficulty altcoins and hope for a spike in value. Unless you get lucky, you'll be much better off joining a pool.
 
collegeboy69us said:
Solo mining with only 270khash is almost pointless. Unless you are one of the first people to mine a new coin you are at the mercy of being a tiny fish in a huge huge ocean.

unless you are packing a couple of Mhash (minimum) i'd join a pool.
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i have 2.8 mhz doing gr8 solo mining

I know you said a couple... but in the grand scheme of things 2-4mhz is not much with today's setups. I think it comes down to the right coin and flat out luck.
 
Looks like they hardened dogecoin to resist multipool difficulty attacks (faster retargeting) and fixed block reward @ 250,000 starting at block 145k (5 days)

doge is now at 150 satoshi and climbing
 
vibe said:
Looks like they hardened dogecoin to resist multipool difficulty attacks (faster retargeting) and fixed block reward @ 250,000 starting at block 145k (5 days)

doge is now at 150 satoshi and climbing
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Tell me about it... sold off at between 125 and 127, the price then dipped below that briefly, then a few hours later, BANG... 144! Was watching this morning and thought it was going to stay at around 144 to 146, but I get to work here and KABLAM 156. Ugh.... just my luck. Oh well. :rolleyes::(
 
I've watched DOGE for a couple months now and it's been all over the place. Hell it hit 800 for a very brief time back when the Mt Gox crap first hit the news (but BTC was down to nothing). I sold 25K at 200 after it wallowed in the 140s for 2 weeks in early Feb. It then shot up to 250s and stayed there for a couple days. I'm saving 65K for the moon.
 
edge929 said:
I've watched DOGE for a couple months now and it's been all over the place. Hell it hit 800 for a very brief time back when the Mt Gox crap first hit the news (but BTC was down to nothing). I sold 25K at 200 after it wallowed in the 140s for 2 weeks in early Feb. It then shot up to 250s and stayed there for a couple days. I'm saving 65K for the moon.
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Ya, I'm mining me a new batch for if/when it goes up. It probably won't be as much as I just sold off, but it will save me the pain, grief, and embarrassment of trying to day trade my way back to higher profits with it. Besides, it's still one of the more steady profitable coins out there right now.
 
Carbon_Rod said:
Tell me about it... sold off at between 125 and 127, the price then dipped below that briefly, then a few hours later, BANG... 144! Was watching this morning and thought it was going to stay at around 144 to 146, but I get to work here and KABLAM 156. Ugh.... just my luck. Oh well. :rolleyes::(
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That's when I started buying again @ 130 and I missed the peak of last pump so still sitting on half mil or so, I still think Doge is here long haul after BTC, LTC , the community still seems pretty strong and it was only a matter of time before changes would be made to make it better.

I feel your pain though, usually after I buy in the price drops to the floor or if I sell it goes back up so this time I will give you credit for driving the mkt.
On another note held the last of my KDC and it hit the autosell at .00007600, guess I sold prematurely.
 
I have been watching DOGE closely as the community and been on and off mining since it started. With the new changes coming it looks like a good outcome espcially in the short term.
 
And look at LTC go! I mentioned this a few pages back... Hope you guys bought some.
 
Well, I can't explain why each and every altcoin now appears to be doing much better (many are above $4/day for me, they were down below $2.50 and some underwater). But I sure hope whatever is happening keeps doing so!
 
Will be an interesting few days for LTC, it was a disappointment when it got added to BTC China, but if Huobi goes into a buying frenzy when it's added in a few days it could be pretty epic.
 
Sold LTC too early again. I bought a lot at 0.021, and then sold it at 0.024. Now it's over 0.027!
 
collegeboy69us said:
Solo mining with only 270khash is almost pointless. Unless you are one of the first people to mine a new coin you are at the mercy of being a tiny fish in a huge huge ocean.

unless you are packing a couple of Mhash (minimum) i'd join a pool.
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Pretty much what I figured. Even if you stuffed 4 750ti's into a case for around 1,000 it's tiny compared to what some are pulling down.

I see in a pool quite a few doing over 12K KH/s, that's nuts.

You would need a rack system for such power or basically 12 290x's.

I've made a whopping $1.25 mining LTC for about 16 hours. Besides power and stressing the GPU almost 100% it does not seem worth the effort.
 
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Those wecoin people made a whopping 35 BTC and I think they still have a day of premine left.

Someone just walked up and bought 58 percent of all the shares for 20 BTC, they must have been early btc miners.
 
Feels like I am treading water

Total Profits 0.11 BTC
Mining days 14

Oh to have a time machine and go back just nine months.
 
edge929 said:
My power usage is taking a third of mining revenue right now.
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Did you buy the GPU specifically for mining purposes? Or is this a little side fun project because you already had the hardware?

At this point for 14 days of mining you have a net profit of 46 dollars after paying for power. Assuming you didn't outlay any other money for mining (i.e. you bought the GPU for gaming)

You just made a free 50 dollars doing pretty much nothing for 2 weeks. Pretty good for extra spending cash :)
 
http://bcmultipool.com/

Goal is to mine other alts, exchange to BTC, use the BTC to buy BC, and then pay miners in BC. This coin has a nearly fixed supply (74.4 million and 1% PoS stage) and low-ish market cap right now ($500,000), so it has a lot of room for upward movement. The mining pool aims to become a constant buy support for this coin (even if this coin were 100% dumped back into the market, mine and dump would have a net effect of zero), so if you buy or mine and hold this coin, you further support your investment just by mining it. And why the pool? Because individually the miner is weak, but a pool of miners could be quite strong. And the pool will also help greatly in distributing the PoS only coin out to the population, something that others like NXT have failed (imo).

I hope this experiment goes well. I bought a fair amount of BC and will be throwing all of my hash at this pool. :)
 
collegeboy69us said:
Did you buy the GPU specifically for mining purposes? Or is this a little side fun project because you already had the hardware?

At this point for 14 days of mining you have a net profit of 46 dollars after paying for power. Assuming you didn't outlay any other money for mining (i.e. you bought the GPU for gaming)

You just made a free 50 dollars doing pretty much nothing for 2 weeks. Pretty good for extra spending cash :)
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I bought 8 GPUs, sold 2 and only one (290) is used for both gaming and mining. The remaining 5 (270s) are all used for mining only. Still making a profit but ROI is just pushed back to longer than I'd like.
 
I really have a soft spot for DOGE, it was my first crypto and I made a great profit on it. I bought my R9 290 with DOGE from shopdoge.com, even now the thought that I mined a new graphics card is kinda crazy.

I cashed out some of my DOGE between 150-200 to invest in other coins and have some BTC on hand. I still have 100K and im holding it no matter what. I feel like DOGE has beat the odds over and over again and has earned the right to be a long term player.
 
blade52x said:
http://bcmultipool.com/

Goal is to mine other alts, exchange to BTC, use the BTC to buy BC, and then pay miners in BC. This coin has a nearly fixed supply (74.4 million and 1% PoS stage) and low-ish market cap right now ($500,000), so it has a lot of room for upward movement. The mining pool aims to become a constant buy support for this coin (even if this coin were 100% dumped back into the market, mine and dump would have a net effect of zero), so if you buy or mine and hold this coin, you further support your investment just by mining it. And why the pool? Because individually the miner is weak, but a pool of miners could be quite strong. And the pool will also help greatly in distributing the PoS only coin out to the population, something that others like NXT have failed (imo).

I hope this experiment goes well. I bought a fair amount of BC and will be throwing all of my hash at this pool. :)
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I am sitting on 30k BC I would probably point some hash there, right now I am still on Doge.
 
edge929 said:
I bought 8 GPUs, sold 2 and only one (290) is used for both gaming and mining. The remaining 5 (270s) are all used for mining only. Still making a profit but ROI is just pushed back to longer than I'd like.
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Yup -- in the current market any ROI for any card is sitting right around 90 days. While not as great as some of us are used to, it's still pretty amazing that every day you mine the card is paying for a little more than 1% of it's purchase price after you factor in power.

Just imagine if you bought a car or a house and every day you used it it's principle balance dropped by 1%
 
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