Quote from: octal42 on July 02, 2013, 09:44:54 PM

Quote from: nawazish1 on July 02, 2013, 08:24:52 PM

Quote from: octal42 on July 02, 2013, 07:21:20 PM

Related question:

What about proof of stake coins specifically?

These are the ones I'm aware of, and what I know of them.

PPCoin - First and the only SHA based
NovaCoin - highest effective interest rate
BitBar - Scarcity
BitGem - Scarcity
Bottlecaps - the only fast block rate

These coins are no doubt very good and innovative but If we see the mining, and services prospect of them the mining is not profitable and people can't mine enough coins to keep for long term. And ofcourse we need services for them where they can be used. So these are the places where they are lacking I know PPC and Nova coin are good at service but not in mining. Bitbar and bitgems are meant to store value but don't know what is the future of BOT.

I think for newbie miners it is best that they mine PXC, WDC, FTC and DGC the developers are good and have some future plans for making there coins useful in different services. And this is the first time it has ever happened that three alt communities have joined hands together to help each other. Lets see what the out come is.

What do you mean they are not "good at mining"?

People can't get good rewards for mining them with low hashrates. And even if they are able to mine them in good quantity what ensures them that the value will increase. Value only increases with utilization. I am talking about long term mining not perday.