PoW = Proof of Work

Miners compute hashes to solve blocks and get coins.

PoS = Proof of Stake

Your wallet balance determines your chances of solving a block and getting coins.

I'm not sure about how other PoW + PoS hybrids work, but Peercoin is an example of a coin that is initially PoW but gradually transitions to a PoS stage over time. In the beginning, coins are produced via traditional PoW mining just like the way Bitcoin is mined. Over time, PoS begins to overtake PoW until the majority of new coins are generated via PoS minting. Peercoin uses coin age which means that coins must be kept in a wallet for a certain length of time before proof of stake starts to take effect. Furthermore, PoS coins usually require you to keep your wallet running and unlocked in order to stake coins.

Here is a list of the CPU coins:

http://www.cpucoinlist.com/

After you mine your coins, you can trade them for bitcoins on an exchange.

I'm pretty sure Come-from-Above isn't a Nxt developer. Perhaps you meant Come-from-Beyond.

I have collected about 2,000 dogecoins which I keep stored in a paper wallet. Some of it was bought from Cryptsy but most of it was earned using the Freedoge.co.in faucet that I've been visiting for the past month. Do you think I should hodl it, invest it, gamble it (probably not), or do you think I'd be better off just selling it all for BTC?

Thanks.

Probably less that Bitcoin.com, if that domain was sold.

Well most of the cost of the mining kits is due to the multiple graphics cards so it must be for scrypt or altcoin mining since there's really no point in mining Bitcoin with GPUs anymore. I don't see any mention of Litecoin on that page however. Just Bitcoin. Weird.


AMD GPUs are faster but the middle one comes with six graphics cards whereas the others only come with three.

Shared Coin is highly reputable. They are owned by Blockchain.info after all. But I have also heard that it is possible to trace coins that were mixed using their service.

Bitmixer.io is also reputable. But don't get them confused with Bitmixer.info. The latter is most definitely a scam site.

I hope not. It is actually one of my favorite coins. It was the first coin to implement proof-of-stake. And there is still plenty of development going on, e.g. Peershares.

Those "mining starter packs" and "mining kits" on that page aren't for Bitcoin mining are they? Surely they must be for Litecoin or altcoin mining?

Yup.

Or 250,000 microbitcoins (a.k.a. "bits") - which is probably what most people will be using if Bitcoin becomes big.

Haha, that one redirects to Inputs.io.

And I just realized that those two were already registered, i.e. someone actually spent money on those. Wow.

Forgot to add:

There is an evolutionary process analogous to how coins such as Bitcoin can borrow code from other coins and incorporate it their own. It's called horizontal gene transfer:


http://en.wikipedia.org/wiki/Horizontal_gene_transfer
http://en.wikipedia.org/wiki/Horizontal_gene_transfer_in_evolution

Some phylogenetic trees of single-celled organisms show branches as "bridges" extending between two otherwise distantly related branches, i.e. the gene transfer is not always from parent to child:

http://s28.postimg.org/gtg4ol7dp/Horizontal_gene_transfer.jpg

I thought it was the opposite. The price surged when the developers showed that their DarkSend technology was actually working.


Well, there are non-mineable proof-of-stake altcoins. Like Nxt, for example. Peercoin was the first PoS coin, but it was (and still is) secured by proof-of-work mining in the early stages.

Umm... I don't think he ever intended to use it. He was probably just mucking around and putting random words in the passphrase field at Brainwallet.org and seeing if anything funny comes up.

Assuming PD is PrimeDice, he probably got .02 from the happy hour faucet.

It might not even be theirs. The WHOIS is protected by private registration and anyone could point their domain to Litecoin.org. I could even register something offensive like "Bigtitties.com" or "Ilovehitler.com" right now and have it redirect to Litecoin.org if I wanted.

It would not be a good thing for newer innovative coins to continuously replace older coins that were innovative when they were first launched, and then for each new generation to die like the way older computer or mobile phone models do today. The blockchain represents the investments of countless people who believed in the coin's success. Who would invest in a coin with an expected lifetime of a couple of months to a year or two? Unless you plan to transfer all of your assets out of the old gen and into the new gen every time a next gen coin is released. Hence I would think that only coins with a healthy community and a committed dev team (or even multiple dev teams such as in the case with Bitcoin) that implements new features as the market demands them will survive. Such coins will gradually evolve through the generations, from 1st gen to 2nd gen to 3rd gen, and so on.

I wonder if this will hurt or help Bitcoin. I know the association with drugs via Silk Road harmed Bitcoin's public image. 2014 has been a great year for Bitcoin in terms of shedding it's seedy reputation because of the explosion in mainstream merchants accepting it.

So all they did was a software change? Seems a bit too easy. Almost like cheating.

Also it's weird to see that a bank was involved in this. I was under the impression that banks hate Bitcoin. Maybe things are a bit different there.


From the same website as above:

I don't like the name "Realcoin". It kind of implies that Bitcoin is "Fakecoin".