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Showing 20 of 26 results by Goldmember
If you are commodity trading you could not care less, ASIC did not change anything to first order. However I think ASICs are bad for the currency functions.
With CPU and GPU mining anybody with an hour to read up on the topic could participate, and by word of mouth pull other users in. Let's face it, nobody is going to make the required investment in a new miner without a reasonable ROI prospect, so new miners are those that already have the hardware.
In a sense it is similar to real gold; to make a profit you need to be a large company, but this makes gold not easily accessible to consumers and thus impractical as a currency, while it is still fully functional as a commodity. Due to the lack of industrial applications of BTC (as opposed to gold) in the long run it must succeed as a currency. With small scale hobby miners quitting there is less talk about BTC, leading to less PR, which could drive BTC price down, and thereby also affect traders. To save the situation we would need much improved capabilities to pay using BTC in our everyday lives.
With CPU and GPU mining anybody with an hour to read up on the topic could participate, and by word of mouth pull other users in. Let's face it, nobody is going to make the required investment in a new miner without a reasonable ROI prospect, so new miners are those that already have the hardware.
In a sense it is similar to real gold; to make a profit you need to be a large company, but this makes gold not easily accessible to consumers and thus impractical as a currency, while it is still fully functional as a commodity. Due to the lack of industrial applications of BTC (as opposed to gold) in the long run it must succeed as a currency. With small scale hobby miners quitting there is less talk about BTC, leading to less PR, which could drive BTC price down, and thereby also affect traders. To save the situation we would need much improved capabilities to pay using BTC in our everyday lives.
Re: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair
insta dumped on cryptsy, to the point that it's less profitable to mine than ltc. Seems to be the way of all the new coins
As much as I would like to make some profit from my coins, I think this is a good thing in the long run. The reason why we have all the spam coins is that they sell for a high price the first few hours. But really, why would it be more profitable to mine a new coin than an old and proven one? New coins should be cheap since their only value is that they might one day increase in price. This should cause spam coin developers to spend more time thinking about how it can be a good coin in the long run (though I suspect most of them will just stop making coins since they lack the required skills).A new coin needs to solve at least one of the many problems with bitcoin. If there is no attempt to do so, or in some cases make the situation worse, one must ask what the developers intention is. Since it is currencies/commodities we are dealing with, the answer is usually a get rich quick scheme.
actually it is more annoying to see people getting annoyed by the clones...
I agree. If you don't like them just treat them like spam or internet ads. It is not like we are forced to mine them.But what I do not get is why all the new coins have so low starting difficulty. It is like the creator himself has no faith in them and they are designed to be pump'n dump with a weeks lifetime. I would like to see a coin done right with a proper launch for once.
If there is a strategy to defame LTC I would say it failed miserably. With every scam coin it becomes clear that the only two hard currencies we have are BTC and LTC. Anything else is a risky, but often profitable, gamble.
I just sold off a small amount to cover my power costs in case its value goes to 0. But I am going to hold on to most of what I have since I think this coin could have a much brighter future than all the LTC clones (which I sold the minute I mined them, hehe). Time will tell.
I am deleting all messages in ALL CAPS bright red font. Nothing personal. Looking at you hdclover.
Thank you!For what it is worth, I had no coins stolen. I used the original executable from the OP announcement, plus compile from source on linux. If (if!) this is true, I suspect it is one of the later binaries that came out.
go turtle go! buy more!
Rank User Name KH/s YAC/Day (est)
1 yantis 132,812 48,226.745
2 turtle 117,141 42,536.286
There I was, slowly walking in the sunshine, mining on 3 out of 4 cores of my i5 CPU M 520 so as not to over heat the old fellow, and WHAM I got hit by the train. I struggle on my feet, and WHAM, another hit me even faster from the other side!Rank User Name KH/s YAC/Day (est)
1 yantis 132,812 48,226.745
2 turtle 117,141 42,536.286
Do I get a special prize for last place? YABA3aRkxdvRR9QeXgRR9jiGxadKS5FNjp
18 valid, 67 orphans
Checked my ping, ~40 ms, but 19% packet loss...omg en schwizer O_O
What OMG ?
And i'm a "Suisse Romand", i'm in the part of the Switzerland where we speak french
I was cursing myself for being too lazy to make my work executable multi threaded. Not anymore! I can mine this on the remaining cores while working on my home PC. Finally putting all those cores to use! Whether these coins will be worth anything is a different question
Anyone who PM's then sends me 1k YAC gets front seat row on GPU fork i have already paid for 
No need for GPU when you have university cluster
Haha, i would have done the same but we are on Public holiday till Monday, and by then the rape fest would have ended.
Someone compiled the QT file under OSX? Not working for me. 
Real men use yacoind
it's not in the windows binary
but you can use the -server option with qt.. although, i couldn't use it as a pool for myself
Someone compiled the QT file under OSX? Not working for me.
Real men use yacoind
Re: [ANN][YAC] yacoin: yet another altcoin. Release in 24 hours.
