Post
Topic
Board Announcements (Altcoins)
Re: [ANN]LGD Legendary Coin - LGD 2 BTCE XCHANGE,CRYPTSY,ENCYCLOPEDIA CROWD CREATION
by
HunterS
on 31/05/2014, 21:24:57 UTC
I hope the devs add new features soon, at the moment, what makes this any different than other coins?
1. btc-e codes exchange
2. barney stinson game & really many games
3. few 'niches' not 1 niche oriented
4. nice logo and name [well many have it but still..]

but sure we need more, ie some game codes sellers or so.


I mean, who cares about these things, there's nothing much creative about any of these features. Take for example, Darkcoin, it is the first x11 coin, a safe haven for gpu miners from asics, which is the reason the price is so high. Therefore all the GPU miners scurried to Darkcoin. What is our creative feature? "barney stinson" game. Now lets look at Blackcoin, it's become a pure POS coin that was only mineable for a few weeks. After those few weeks coin could only be created through POS. Legendarycoin does have POS but during the weeks that i've had my wallet open i have only generated 3 coins. My point is, who cares about
"1. btc-e codes exchange
2. barney stinson game & really many games
3. few 'niches' not 1 niche oriented
4. nice logo and name"
when other coins have features that blow this stuff out of the water? Why didn't poloniex add us way back when the coin first started? "If your coin is truly innovative, it is more or less guaranteed to be accepted by Poloniex." I am not bashing Legendarycoin as I have been with it since the first week, im just trying to say that there are things we need to work on that shouldn't be kicked under the carpet.

you go on about x11 being asic proof for now yet most x11 coin pools miners are pulling anywhere from 250 mh up to one miner i seen the other day 1.2 ghz.whats the different to say a 250 meg scrypt asic mining scrypt algo.

If you knew anything about the mechanics of X11 coins and mining in general, you would know that people get as much as 6-8x the hashing power on x11 and also people pool their miners together to secure the extra block reward. the total hashing power from 250 mh's is the power of around 63 r9 290x's. https://www.youtube.com/watch?v=8UinMj-wlf8 . There is something fundamentally wrong with the sentence implying asics are mining x11. How could someone create an Asic in as little as a couple months? it took years for them to create a scrypt asic. The x11 algorithm also ensure that asics will never mine it because Asics cost a lot of time and money to fabricate and even if it is done it will not be worth it as mining on your gpu will be cheaper and more profitable.
where did i state asic minng x11.it clearly says scrypt algo.what i was trying to say is i thought these new algos were supppose to come out to stop asics with big hashing power so everyone gets a fair chance at mining not just the rich guys who can afford the asic miners.but x11 the hashing power is through the roof