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The Altcoin Thread

for the weird coins there's clearly not another option but I'll start watching some other ones and maybe splitting like .5 BTC worth across some weird exchanges to check them out. cryptsy has gotten better since I stopped using their main web interface. If you just use their API its really not as bad
 
But things like deposits and withdrawals still have to go through their servers even when using their API, no? So theoretically, a deposit could still be caught up in their queues even though you're bypassing their front end, correct?

I have found their order system to be quite fast, it's the deposits and withdrawals that REALLY piss me off.
 
TA DA! 22.5 hours after I made my deposit, it is now sitting on Craptsy! Now to just withdraw that from there! And BAM! I'm done with that exchange until they improve it.

UGH! Sorta spoke too soon.... It's PENDING for shit's sake! 1368 confirmations already and it's *STILL* PENDING! Well at least it showed up somewhere... at least that hurdle's cleared.

EDIT: It only took about half an hour for the deposit to get enough confirmations to become confirmed. But WOW! O! M! G! The withdrawal came through from Craptsy so fast, you'd think they were paying me off to shut me up!
 
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Dark Shade said:
Anyone having problems with php-mpos can PM me for help. I got F5 up and running but it wasn't without its quirks :)
Click to expand...

Okay, it looks like I got everything running... I think. I have my client connected to my server and it's happily mining away according to everything I see.

I just need to go about wiping one of my VPS's and convert it to Ubuntu, as well as harden the various parts of things especially if I'm going to let people access this.
 
OK, so now I see NETcoin has shot up the profitability charts. That actually might be another viable option for a [H] pool. Just sayin'.
 
DOGE value seems to be tanking. It may soon end up back in the dregs from whence it came.

Sucks cuz I just got my DOGE coins ordeal sorted out with Craptsy and figured I'd wait an hour or two before selling somewhere else to see if the value increased a bit... guess I forgot about it for too long and now it's almost half the value it was just hours ago. Oh well. NET coin seems to be the new "in" thing according to Coinwarz.

EDIT: Weird.. I guess NET coin's difficulty doubled in the last hour or so and it slid about a dozen places down the list. It is no longer the "in" thing. LOL!
 
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Was wondering where did you get the info on NETcoins lol. I'm checking both coinwarz and coinmarketcap.
 
I was looking at Coinwarz...NETcoin *was* 2nd on the list behind DOGE, and I currently have a feeling someone's trying to play around with the DOGE Coinwarz stats a bit because it should not be first right now.

For instance, DOGE is no longer 0.00000145BTC as the value on Coinwarz suggests. It hasn't been that high for HOURS. If you look at the market depth list for DOGE on Coins-e, it lists the exact buy order being used on the Coinwarz list on top of all other lesser valued orders. That order has never filled. EVER. It is still the same amount and same price all the time. I've been watching it for hours and it never moves, all other orders underneath it get filled (or so it seems), but that order has stayed at the top all the time. Some smells like shenanigans to me.... like the DOGE devs/supporters want everyone to keep mining their coin oblivious to its real value.

But back to the topic of NET... like I said, the difficulty when I looked was 2.xxxxxx. Half an hour (give or take a few minutes), the difficulty was doubled to 4.xxxxxx. I looked at Coinwarz again and found NET dropped a whole bunch of places down on the list.
 
coinwarz is useful, however for the speed at which difficulties and values change, vs the time it takes to (successfully) move your money around, it's not worth it (to me at least) to bounc around between 10 different alts.

I've done some mining on SXC (not listed on coinwarz but still twice as profitable consistently as mining LTC direct) and did a nights worth of moning doge coins.

I wish vircurex would host SXC coins -- I personally don't trust Cryptsy that much, all my coins show up, but I've just heard consistent horror stories. A few hours delay can mean the difference between making 500 and losing 500 dollars.

Either way -- I'm small time no matter how you cut it, I have 6 GPU's (7970s and 290s) mining in my house, keeps my room toasty warm on the cold days.

holding onto 10K SXC and around 60K DOGE, they were easy to mine, and it almost seems pointless to trade them for a handful of LTC.

I'm not expecting the value to shoot up to anything crazy like $1 but even if they reached 10 cents a year or so down the line that would be nice.

Of course it's far more likely that things like DOGE will fade into nothingness, looking at the trade orders on multiple exchanges, it's nothing but sell orders, nobody is buying it seems.

heh I got 30K DOGE in something like 6 hours of mining, cost me maybe $1 in electricity, might as well hold em and see what happens instead of selling them off for BTC.
 
what I do is only have my miners switch if the average profitability of the past week changes
 
I've been jumping all over the place over the last few days depending on profitability. I currently have feathercoin, junkcoin, infinitecoin, elephantcoin, worldcoin, sexcoin, and probably others that I can't remember. I'm usually inclined to hold them just long enough to get a good price in LTC for them. I don't expect them to start getting big until LTC has reached a semi-BTC like status. Considering that the vast majority of these coins can only be exchanged for LTC or BTC, I don't see them establishing their own value until they can be sold for USD and such.
 
I must admit, my desire to "make money" in this hobby of mine has had me jumping all over the place when the best thing to do in my case was calm down and stick with one or two. So, I've made a couple picks and I'm sticking with them for the next while. I've sworn off Coinwarz because that site just adds to my anxiety to make as much money as possible when it really doesn't matter what coin I choose, it will most likely make me a few bucks on the side. This is a hobby and I'm starting to treat it like a job.
 
Carbon_Rod said:
I must admit, my desire to "make money" in this hobby of mine has had me jumping all over the place when the best thing to do in my case was calm down and stick with one or two. So, I've made a couple picks and I'm sticking with them for the next while. I've sworn off Coinwarz because that site just adds to my anxiety to make as much money as possible when it really doesn't matter what coin I choose, it will most likely make me a few bucks on the side. This is a hobby and I'm starting to treat it like a job.
Click to expand...

I'm treating it like a job because well, I have enough equipment that it can actually pay all of my monthly bills. I'm a full time student currently though. I gambled student loan money on this and its paying off. If you're just using some minor parts though its not worth watching everything. Just plug into LTC and call it good. Or maybe just ride DOGE for a few more days. or point at middlecoin and call it good.

I'm putting serious thought into another rack like I have in my basement in my inlaws basement. I'll have to wait until I get probably 4 more than what'll fit in my rack before I do that but I'm still in expansion mode just not full steam ahead right now because I'm using mining money for Xmas right now.
 
gonna ride doge for a few more days and exchange them for whatever amount of btc's i can get. Only gonna bounce from a few different coins and keep mining.
 
Ya, right now I'm going between DOGE and WDC and just attempt to sell what I mine.

The market could really use some good news for BTC or something about now.
 
*sigh*

Virtual currency is poised to crash and crash hard here probably in the next week or two. Why? Let's see. Within the last 24 hours alone we have announced:

KittyCoin
Catcoin
Nyancatcoin
Earthcoin
Ulicoin
Sutercoin

I give up trying to keep track.
 
Carbon_Rod said:
Ya, right now I'm going between DOGE and WDC and just attempt to sell what I mine.

The market could really use some good news for BTC or something about now.
Click to expand...

well BTC is just waiting on big investors to get in at this point because without something big saying I'm willing to invest XXX million its not going anywhere. Overstock news was decent sized but right now the day traders will be dominating this coin. You'll see it slowly ratchet support levels but the smart people will be selling off to just buy at reduced prices which can happen a solid 4x a day if you sit here all day watching the tickers
 
SunnyD said:
*sigh*

Virtual currency is poised to crash and crash hard here probably in the next week or two. Why? Let's see. Within the last 24 hours alone we have announced:

KittyCoin
Catcoin
Nyancatcoin
Earthcoin
Ulicoin
Sutercoin

I give up trying to keep track.
Click to expand...

I don't think it's the number of coins out there that's the issue. 99% of the coins out there already have no purpose anyway and are destined to die. Most of those new coins you mentioned are just ones that are trying to ride the "hype" machine that DOGE created. If they don't play things right, they'll fail within the first few days. However, that shouldn't say anything about the legitimate coins that are already there and well established.

If you notice, all of the really crap coins traded are exchanged for some other coin considered legitimate. Heck, even XPM has become the defacto third choice behind LTC on some exchanges (Craptsy, Coins-e, etc.) So, let DOGEcoin and CATcoin fight their popularity contest. In the end, they're both jokes, both will die, and all that's left are the ones that everyone traded those in for... BTC, LTC, XPM, etc. As long as other people are willing to sink their BTC, LTC, XPM, etc. into those crap coins and give them value, there will be opportunists there to cash in those crap coins to redeem it.
 
Carbon_Rod said:
I don't think it's the number of coins out there that's the issue. 99% of the coins out there already have no purpose anyway and are destined to die. Most of those new coins you mentioned are just ones that are trying to ride the "hype" machine that DOGE created. If they don't play things right, they'll fail within the first few days. However, that shouldn't say anything about the legitimate coins that are already there and well established.

If you notice, all of the really crap coins traded are exchanged for some other coin considered legitimate. Heck, even XPM has become the defacto third choice behind LTC on some exchanges (Craptsy, Coins-e, etc.) So, let DOGEcoin and CATcoin fight their popularity contest. In the end, they're both jokes, both will die, and all that's left are the ones that everyone traded those in for... BTC, LTC, XPM, etc. As long as other people are willing to sink their BTC, LTC, XPM, etc. into those crap coins and give them value, there will be opportunists there to cash in those crap coins to redeem it.
Click to expand...

Yes, but my point is that enough of these crap coins are going to come out flooding the markets on a daily basis and people are soon going to say, "What the hell is with all these coins? This virtual currency crap is just a sham." And they're going to associate BTC, LTC and all the others right along with them in the end.
 
SunnyD said:
Yes, but my point is that enough of these crap coins are going to come out flooding the markets on a daily basis and people are soon going to say, "What the hell is with all these coins? This virtual currency crap is just a sham." And they're going to associate BTC, LTC and all the others right along with them in the end.
Click to expand...

And my point is how so when BTC and LTC, and XPM are the solid base to where people trade to? If people see one small subset of coins like CATcoin, DOGEcoin, Nyancatcoin, etc. and then label the entire crypto market a sham, then the market doesn't need narrow minds like that. Those that are in the thick of things already and generally those that want in bad enough already know there are some main players in the market.

The crypto market turned into a joke the very minute DOGE was released. It'll have its 15 minutes of fame and then die a slow horrible death. I see the number of crap coins flooding the market as sort of double edged sword. It's bad because you're right, projects that have some form of legitimacy to them like WorldCoin will get lumped in with DOGE and CAT and get tossed out with them unless the WorldCoin group can demonstrate why their project has legitimacy.

On the other hand, having something like CATcoin released just SOUNDS like a sham. If you and I can figure it out, don't you think other people will too? Projects like that almost force any new coins being released to have a plan, have a source of inspiration, instead of just "this is a coin for cat lovers" or something (I honestly don't know what their motivation is).... maybe it's another 4chan inspired project. Honestly though, it's like a joke told twice... it's less funny the second time so it will undergo a bit more scrutiny before people bite. And once it fails right from the start, then that may send a clear message to other coin projects that the time for stupidity is over and if you don't have a purpose, stay the hell out.

But if it ends up to be like DOGE, then fine, just like DOGE I'll be here to sell my CATcoin to anyone willing to pay me in good BTC/LTC/USD/etc.
 
There's a billion sham versions of google but searching is still legit... anything big will always have a billion copycats. Look at ebay, youtube or anything big. Everybody is aware of shit copycats. If I want a miller light I don't drink the neighbors home brew expecting a miller light
 
mkrohn said:
There's a billion sham versions of google but searching is still legit... anything big will always have a billion copycats. Look at ebay, youtube or anything big. Everybody is aware of shit copycats. If I want a miller light I don't drink the neighbors home brew expecting a miller light
Click to expand...

Actually, that sums up what I was trying to get at.. but you did it much more succinctly. Thanks for that! I know I do sometimes mince words when trying to get certain thoughts across.
 
Carbon_Rod said:
Actually, that sums up what I was trying to get at.. but you did it much more succinctly. Thanks for that! I know I do sometimes mince words when trying to get certain thoughts across.
Click to expand...

too many words bro, not enough beers for you. Start drinking and words get smaller
 
mkrohn said:
There's a billion sham versions of google but searching is still legit... anything big will always have a billion copycats. Look at ebay, youtube or anything big. Everybody is aware of shit copycats. If I want a miller light I don't drink the neighbors home brew expecting a miller light
Click to expand...

What "service" do the copycat coins actually provide though? Even copycat googles actually DO something.
 
SunnyD said:
What "service" do the copycat coins actually provide though? Even copycat googles actually DO something.
Click to expand...

I'd argue no they don't... These coins make for very profitable trading on their swings at least
 
SunnyD said:
What "service" do the copycat coins actually provide though? Even copycat googles actually DO something.
Click to expand...

I'd also argue that they were started because the devs thought they could get rich quick. Premine a bunch of coins (or even be the first miners on it) and if it goes up because of a massive hype (like DOGE), then they cash in. They also do provide the community another coin to trade and should it become profitable due to hype, the community can cash in too. I'm almost guessing that's what coins like Catcoin, Nyancatcoin, etc. are hoping for... massive hype. And if it's another 4chan/Reddit invention, it will probably have its share of hype and supporters.
 
Don't think those new copycat coins will be as popular as Doge. Back at middlecoin for mining.
 
It's bad because you're right, projects that have some form of legitimacy to them like WorldCoin will get lumped in with DOGE and CAT and get tossed out with them unless the WorldCoin group can demonstrate why their project has legitimacy.
Click to expand...

Even though I like WDC, I have no idea what the legitimacy of it is. It has a nice name, but that's all I see about it. Honestly, these crap coins may not be a bad thing because like you said, it will force others to explain why their coin is legitimate.

The crypto market also does have a need for a well known and established penny currency to allow for precise prices. I believe CENT failed because there are just way too many of them (I believe over 2 trillion now mined) but DOGE may be "just right". Combined it with being fun and enjoyable, who knows... maybe it will fill that roll. That's why I plan to keep my DOGEs in case they do go to $0.01 one day. But every other meme copy cat coin is getting mined and sold if more profitable than the more established LTC, FTC, WDC, etc.
 
Dogecoin difficulty dropped by over 100 points in one night, but is still trading at the same rate as last night? Hello! I'm back to mining Doge as of this morning. Going to mine the crap out of doge until the hole is dry.
 
blade52x said:
Even though I like WDC, I have no idea what the legitimacy of it is. It has a nice name, but that's all I see about it. Honestly, these crap coins may not be a bad thing because like you said, it will force others to explain why their coin is legitimate.
Click to expand...

I only use WDC as an example because if you visit their site, they have a "Worldcoin Foundation" which acts as a sort of publicity/steering committee and it's actually made up of professionals that seem to have business knowledge. They have a decided direction of where they want to go with their coin. Whether they will succeed is entirely up in the air.

This, as opposed to something like DOGEcoin which was what?... invented by a guy on Reddit/4chan as a joke?
 
SunnyD said:
Dogecoin difficulty dropped by over 100 points in one night, but is still trading at the same rate as last night? Hello! I'm back to mining Doge as of this morning. Going to mine the crap out of doge until the hole is dry.
Click to expand...

I'm gonna wait until the end of Monday before deciding whether to stick with DOGE. The exchange rates are way down now and even given the number of coins able to be produced in a day, it's still profitable, but now it's getting to the point where something like Middlecoin will be more profitable.

I'm just not too fond of the Middlecoin fees though. I mean, right on the front page he says his fees are 3%. It's rather high if you ask me. But I know it's a small price to pay for ease of use and simple BTC payouts with little hassle. I'm going to look at the alternatives and see if they are any different/better. I have heard of 2 others so far. Multi-pool and Hashco.ws.
 
WorldCoin will do well. In February www.scharmbeck.com will officially be opened to the public. The website will provide purchasing of USD to WDC without having to purchase BTC first. First coin to do this, excluding BTC. The website will make non-tech savvy people purchase coins with ease! It will not be swayed by the volatility of BTC. It is also much more practical in every day use. Confirmation times are under 60 seconds, where BTC is 60 minutes plus. You go into a coffee shop, order a latte; by the time its made your coins will have been transferred.

The developers are a great group of gentleman. Very professional, and honestly seem to care about the potential of their currency. They are all already rich... they would've dumped by now if they didn't care. There are no signs of pump and dump, like all of this other crap. Doge, NXT, etc...

I have dumped all of my LTC for WDC. I honestly believe it will be here for the long term. Businesses are already accepting WDC. If you are already slightly interested, please take a look at these links. You will be glad you did. By the way... has anyone seen the new wallet? Very appealing to us nerds as well as the average joe!

WDC discussed on the Josh Tolley Show with Doug Gilmore:
https://www.youtube.com/watch?v=fDT0TwVsCJM

Convert Your Bitcoin to LAND! Galt's Gulch Now Accepting Alt Coins!
https://www.youtube.com/watch?v=m--19yy7S_A

Dominic Frisby Interview With Johnny Bitcoin:
https://www.youtube.com/watch?v=1TD_yxHNfU0

Social Media:

Twitter:
https://twitter.com/wdcfoundation

Facebook:
https://www.facebook.com/worldcoinfoundation

Instagram:
#WorldCoin - Not ran by development team, but by an early investor.

irc.freenode.net #WorldCoin
 
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While I appreciate WorldCoin's foundation and their drive, I'm still hesitant. Even the best laid plans sometimes fail. I will keep my eye on it, but I'm not banking on it being an instant millionaire maker like BTC and LTC might have been a few months past. I think I've got a LOT of time to fill my bag with WDC before it takes off.
 
Carbon_Rod: I would definitely put some money into WDC, asap. I strongly believe it will be big in 2014. I don't think you will regret it. With 500 kh/s you can get ~ 12 coins a day. The diff is pretty high right now as well. ~5500 was getting me 200+ coins a few days ago. I'm not going to make the same mistake again, like I did with BTC and LTC.
 
Don't worry, I've already been mining WDC off and on. I've got some coins already. Not really looking to bag coins like I did with LTC. People are a lot more cautious since the last crash. Nothing is going up at lightning speed anymore. It's not going to be a case of instant millionaires overnight I can almost guarantee you that. Hence, I have some time.

However, I also will say that this is not the first time I've heard anyone say "oh, invest in <insert alt coin name here> now, it will be big come <insert time period here>"... so forgive me if I don't just jump when someone says that.

I will also be quite blunt, until it's mentioned in the same sentence as BTC and LTC by the general crypto community, it's not big enough to be a big deal yet.

And yes, the diff is high on WDC right now because one of the multi-pools has dumped its massive hash load on the WDC network because it is still currently one of the more profitable coins.
 
blade52x said:
The crypto market also does have a need for a well known and established penny currency to allow for precise prices. I believe CENT failed because there are just way too many of them (I believe over 2 trillion now mined) but DOGE may be "just right". Combined it with being fun and enjoyable, who knows... maybe it will fill that roll. That's why I plan to keep my DOGEs in case they do go to $0.01 one day. But every other meme copy cat coin is getting mined and sold if more profitable than the more established LTC, FTC, WDC, etc.
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Why does the crypto market need a penny currency when by basic principle, each whole coin as is can be split out to the .0000001 place?
 
Do you know how difficult it is for the average person to acquire a cryptocurrency with USD? Nearly impossible.

My family and friends want to get into cryptocurrency, but the process of acquiring an altcoin is very confusing to them. It takes time to understand this stuff.

www.scharmbeck.com - use your credit card to purchase WDC.... how much easier can it get?

Have you seen the wallet?
 
foozy said:
Do you know how difficult it is for the average person to acquire a cryptocurrency with USD? Nearly impossible.

My family and friends want to get into cryptocurrency, but the process of acquiring an altcoin is very confusing to them. It takes time to understand this stuff.

www.scharmbeck.com - use your credit card to purchase WDC.... how much easier can it get?

Have you seen the wallet?
Click to expand...

You're right, as far as I know you can't yet use your credit card to buy cryptos except maybe here in Canada where we have the very first BTC ATM machine. However, if someone is going to buy any crypto with USD, then I would also first invite them to buy something like BTC which is currently more accepted than WDC. In fact, they could then purchase WDC with their BTC if they wanted.

Again, I will be blunt, but I currently liken WDC to car wash tokens. Even if the ability exists to buy them with real money, outside of the limited number of locations that accept them they're pretty much useless.

It's true, the same could be said for BTC right now, but at least BTC is getting accepted (or at least getting considered) on its own merits and by some noteworthy vendors no less. If Paypal decides to accept BTC (which may actually happen), then by virtue of accepting Paypal, a vendor can indirectly accept BTC payments as well.

For the record, I'm not trying to rain on anyone's parade on purpose. I'm merely providing an unbiased point of view.

As for the wallet, yes, I have the WDC wallet. I'm glad they updated it finally.. the old one had horrendous connection issues.
 
Just a heads up, but if anyone is currently looking to sell some DOGE right this very minute and require a better price than the 0.00000045 to 0.00000048 that other exchanges offer, there is currently (as I write this) a 145 MILLION DOGE BUY ORDER (72 BTC worth!) sitting on Vircurex for 0.00000050. Unless BTC goes up and, by association, drags the rest of the crypto market up with it, (or even more remotely, DOGE comes up with some more hype that spurs the price up a bit) then 0.00000050 might be the best price we see for DOGE for awhile.
 
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Not bad. I sold about 80,000 doge today just to get a feel of how these things work etc... Its been around
0.00000045 most of the afternoon.
 
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