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The Altcoin Thread

24 hours on clevermining = 0.015 BTC with 2.5 mhash, ugh, need a new plan, will try scryptguild for 24 hours
 
Because most of the multipools have been mining nothing but LTC for the last 3 days...
 
Pitbully said:
Which is what I was getting at....

SS or didn't happen.
Click to expand...

Hell, I just had a single Bitcoin rig back in the day and managed to accumulate a few hundred BTC. Cashed out a good chunk of mine when it spiked to $32. Then the market crashed to under $1 when Mt. Gox got hacked, so once it rebounded back to $8, I cashed out my last handful.

Not gonna say it's the dumbest thing I ever did, but in hindsight, it's definitely up there.

Pitbully said:
Because most of the multipools have been mining nothing but LTC for the last 3 days...
Click to expand...

Well, look at the charts. There's really nothing out there that's consistently more profitable than LTC right now.
 
Parja said:
Hell, I just had a single Bitcoin rig back in the day and managed to accumulate a few hundred BTC. Cashed out a good chunk of mine when it spiked to $32. Then the market crashed to under $1 when Mt. Gox got hacked, so once it rebounded back to $8, I cashed out my last handful.

Not gonna say it's the dumbest thing I ever did, but in hindsight, it's definitely up there.
Click to expand...

I'm sure a lot of people had a handful, but not 20k.

20k BTC is somewhere in the neighborhood of $13.5M at today's prices and today's price isn't even close to its high...
 
vibe said:
24 hours on clevermining = 0.015 BTC with 2.5 mhash, ugh, need a new plan, will try scryptguild for 24 hours
Click to expand...

The funny thing is, payouts are different for each multipool everyday. If you take a look at that poolpicker.eu website, it shows. People look at the stats and say "Oh I should have been on Wafflepool, I'm going to switch right now from Clevermining" and then Wafflepool's profits fall that day and Clevermining's rises and then they just curse Wafflepool for sucking or something and want to switch to Hashcows and then curse that one because they didn't make more than they did while on Wafflepool, but fail to notice that Hashcows just happened to have a bad profit day then too.

Here's a better idea... and not one just aimed at you, vibe, this is a suggestion for everyone. Try a multipool for a week instead of just one day. Take the average of a week and then make a judgement.
 
Carbon_Rod said:
The funny thing is, payouts are different for each multipool everyday. If you take a look at that poolpicker.eu website, it shows. People look at the stats and say "Oh I should have been on Wafflepool, I'm going to switch right now from Clevermining" and then Wafflepool's profits fall that day and Clevermining's rises and then they just curse Wafflepool for sucking or something and want to switch to Hashcows and then curse that one because they didn't make more than they did while on Wafflepool, but fail to notice that Hashcows just happened to have a bad profit day then too.

Here's a better idea... and not one just aimed at you, vibe, this is a suggestion for everyone. Try a multipool for a week instead of just one day. Take the average of a week and then make a judgement.
Click to expand...

I noticed the same thing. Waffle had the highest day yesterday after 3-4 days of not-the-worst/not-the-best profits. Waffle is rarely the best but also rarely the worst.
 
Honestly, I don't think there's a nickles worth of difference between all of them, especially looking at that site.

They all have good days and bad days.
 
Pitbully said:
Honestly, I don't think there's a nickles worth of difference between all of them, especially looking at that site.

They all have good days and bad days.
Click to expand...

Exactly!

But yet people are very concerned about their 24 hour performance on any given site when they all pretty much average out in the end.
 
kache said:
Lol, I had a sell order at 15 satoshi for nearly a month now, happy to see that it finally got fulfilled.
Time to buy more doge. :D
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im holding my 4million rdd till something good happens. I wish volt would do something,i have 4 million of it and its still at 1 satoshi. I think its pretty much dead now.
 
Carbon_Rod said:
Exactly!

But yet people are very concerned about their 24 hour performance on any given site when they all pretty much average out in the end.
Click to expand...

Are people that amped on 24 hour performance cashing out their BTC every day?
 
You guys need to start pumping Doge so I can become a hundredaire. :)

t7q5xJV.jpg
 
nvgrim said:
im holding my 4million rdd till something good happens. I wish volt would do something,i have 4 million of it and its still at 1 satoshi. I think its pretty much dead now.
Click to expand...

Huh? what exchange are you looking at? RDD has pretty much been close to 8 Satoshis for weeks now... about the lowest I've seen it was 5. Someone pumped it on Cryptorush.in last night to 17, but it came back down and is now hovering around 9 to 10 Satoshis.

Remember there are two coins with similar names... there's REDcoin (RED) which is at 1 Satoshi and probably hasn't moved from there in ages, and then there's REDDcoin (RDD) which is now at 9 to 10 Satoshis.
 
SilverSliver said:
Are people that amped on 24 hour performance cashing out their BTC every day?
Click to expand...

People like me have hash power on several of them and I can tell you for sure that the quality is NOT the same across the board. Reject rates and payments all vary. Quality of the multi pool is important. Personally I'm about to switch everything to a quality LTC pool just to get my rejects nice and low.
 
Carbon_Rod said:
Huh? what exchange are you looking at? RDD has pretty much been close to 8 Satoshis for weeks now... about the lowest I've seen it was 5. Someone pumped it on Cryptorush.in last night to 17, but it came back down and is now hovering around 9 to 10 Satoshis.

Remember there are two coins with similar names... there's REDcoin (RED) which is at 1 Satoshi and probably hasn't moved from there in ages, and then there's REDDcoin (RDD) which is now at 9 to 10 Satoshis.
Click to expand...

Id like it to go higher than that before i sell all. 4 million at 15 satoshis isnt really worth it. It would be cool if it got to 100 lol. and i am talking about reddcoin(RDD) not redcoin.
 
nvgrim said:
Id like it to go higher than that before i sell all. 4 million at 15 satoshis isnt really worth it. It would be cool if it got to 100 lol. and i am talking about reddcoin(RDD) not redcoin.
Click to expand...

Then where have you seen it at 1 Satoshi? I've never seen it that low.

And for the record, it is my firm belief that it will never go as high as 100 Satoshis, ever. Not in this over saturated market... well, actually let me rephrase that... not unless BTC skyrockets to $2000 and people have money to burn. But, I will wish you luck nonetheless. :)
 
Carbon_Rod said:
Then where have you seen it at 1 Satoshi? I've never seen it that low.

And for the record, it is my firm belief that it will never go as high as 100 Satoshis, ever. Not in this over saturated market... well, actually let me rephrase that... not unless BTC skyrockets to $2000 and people have money to burn. But, I will wish you luck nonetheless. :)
Click to expand...

I was talking about Volt being at 1 satoshi,not redd. Yeah with the amount of shitcoins coming out weekly the market is slowly going to hurt until they die off. If the devs of redd really do what they plan on then it could help. I know people are trying to get it on cryptsy,ill probably sell during the normal cryptsy pump.
 
Pitbully said:
I'm sure a lot of people had a handful, but not 20k.

20k BTC is somewhere in the neighborhood of $13.5M at today's prices and today's price isn't even close to its high...
Click to expand...

True, but someone who got in early when the difficulty was stupid low, as he seems to be, could easily have 20k BTC.
 
nvgrim said:
I was talking about Volt being at 1 satoshi,not redd. Yeah with the amount of shitcoins coming out weekly the market is slowly going to hurt until they die off. If the devs of redd really do what they plan on then it could help. I know people are trying to get it on cryptsy,ill probably sell during the normal cryptsy pump.
Click to expand...

Ah my bad then. :eek:

I know... reading is my friend. :D
 
Carbon_Rod said:
Ah my bad then. :eek:

I know... reading is my friend. :D
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its all good :cool: I just like being optimistic when it comes to coins,i was with doge and that was pretty good to me. I wish i could know where everything will be in 6 months. The thought of me selling everything for a small profit only to have it go higher and miss out on a ton of profit like the BTC people.
 
Carbon_Rod said:
Was it confirmed these are Gox coins?
Click to expand...

From what i've been reading, it really is the coins, a lot of people have been watching the wallets and transactions looking for activity.

Maybe 'Mr 102' can buy his BTC back at a profit if they get dumped :D
 
Hmmm... raises more questions.

Are these payouts to some of the larger Gox customers perhaps?
Is this an attempt to "hide" coins by doing the old shell game thing?
Are these amounts maybe designed to be small enough and likely to go unobserved if dumped on the market perhaps?
Or is this Gox's new idea of security? Spread the amounts amongst a bazillion wallets so that the loss of 1 won't equal the loss of the entire amount?
 
Carbon_Rod said:
Hmmm... raises more questions.

Are these payouts to some of the larger Gox customers perhaps?
Is this an attempt to "hide" coins by doing the old shell game thing?
Are these amounts maybe designed to be small enough and likely to go unobserved if dumped on the market perhaps?
Or is this Gox's new idea of security? Spread the amounts amongst a bazillion wallets so that the loss of 1 won't equal the loss of the entire amount?
Click to expand...

Looks to me like an attempt to "launder" them. Most of them keep going back and forth through the same handful of IPs in Germany and the US.
 
Reading through other threads on Reddit, (it's a boring Friday here at work), it appears that the breaking up of funds into multiple wallets is actually a function of the Gox software. One user who has done some looking over the Gox code states that this function probably won't stop until the outputs are all 10BTC. I presume that this is some sort of security measure for the simple reason that the loss of one wallet with 10BTC or less does not affect the entire operation as much as the loss of 1 wallet with 180K BTC in it.

Another user stated that the possibility that because this mimics the functionality of the Gox software, the fact that this is happening may be pointing towards the possible restart of operations at Gox in some limited fashion.

EDIT: Of course there are all sorts of conspiracies being thrown around there now. I'm just waiting until someone mentions aliens.
 
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you need lots of small wallets to do large transaction volume, you can't be waiting around for confirmations that have your remainders tied up
 
Aliens have abducted the gox wallet and are now attempting to offer payments for probing.
 
mkrohn said:
Aliens have abducted the gox wallet and are now attempting to offer payments for probing.
Click to expand...

At this point, I think everyone that lost money from Mt Gox already got probed.

The fact that they want to rebrand themselves at a different location and leave the initial investors unwhole is obsurd.
 
oblox said:
At this point, I think everyone that lost money from Mt Gox already got probed.

The fact that they want to rebrand themselves at a different location and leave the initial investors unwhole is obsurd.
Click to expand...

Why? it worked for GM and chrysler. I know a guy that chrysler owed $250k to and is now teaching because chrysler single handedly took down his business.

In the business world this happens so why should the bitcoin world somehow run by different rules?
 
mkrohn said:
Why? it worked for GM and chrysler. I know a guy that chrysler owed $250k to and is now teaching because chrysler single handedly took down his business.

In the business world this happens so why should the bitcoin world somehow run by different rules?
Click to expand...

I never said it can't be done or that businesses don't do it. Nothing in my statement changes the fact that it IS obsurd. Just because it has happened (and does happen), doesn't change the fact that the idea of doing it is obsurd. Are you saying it isn't?
 
In case you don't know, the WeCoin developer invented a new genius scam: he premined 10% of all the coins, put half for IPO and half for miners in a PUBLIC PREMINE, in which the coins are distributed based on the amount of shares the miners send in the 5 days of public premine.
Now, here's the kicker: the public premine pool is mining maxcoin, and it currently has 250GH/s, which means the dev has 5k Maxcoins per day (2BTC per day) to dump on exchanges, which means that he's earning 10BTC in this period, while using the shares sent by the miners to distribute that 10% premine to them once the wallet is released (in 5 days).
There are two good news: cryptorush at launch (paid by this mining I guess) AND a very small amount of further premine hold by dev, which means that he doesn't have huge amounts of this coin to dump and kill the coin at release.
Further reading: https://bitcointalk.org/index.php?topic=502337.0

Fucking genius. :D
 
That shit is pretty funny.

Goes to show, 90% of the people who use the internet are just like lemmings. One jumps, they all follow blindly.
 
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