You want to know why XMR is unpopular to mine?  Because the only miner at present for AMD GPUs is closed source and the developer is arguably shady (he either wants 5% of your income or will penalize you 10% of your performance if you don't agree with the fee).

A coin with a 5% premine is usually dead in the water.   Normally it's the coin developers, but this time, it's the miner developer who has his greedy hand in the cookie jar.

While I do agree the developer is free to charge whatever he wants, it's against the spirit of open source that crypto was founded on.

Dogecoin is just Litecoin with some of the parameters changed and the logo replaced with the Shiba Inu from the Doge meme.  As of this moment, it has a market cap of over 29 million US dollars.  As long as Execoin's developer(s) are following the open source license(s) and making their own source available, it doesn't matter how much or how little they change.

If the worst thing you can say about Execoin is that it's not original or revolutionary enough, then fine, don't use it and don't let the door hit you on the way out.  The altcoin market is full of crap that has been abandoned by developers, blatant scams, premine/instamined garbage and don't even get me started with all the Proof of Stake coins that are just thinly-veiled Ponzi schemes.

Please take your bleeding heart FUD to a coin deserving of it.  For example: VRC mined all of its 26 million coins in 7 days.  DRK was designed so that the block reward would absolutely plummet once the coin reached a certain amount of hashrate and the 1000 coin requirement to be a masternode is just a clever scheme to create buying pressure.  POT has been on the rise lately and it's another "copypasta" LTC clone with the only innovation being their business plan of "Dude, legal pot shops might take this coin some day cause man, there's no way you'd ever use any other cryptocoin to buy your pot!"

EXE is one of the few coins that isn't out to screw over miners or investors and the developers clearly aren't getting rich off this coin.  It's not built on the false hope that maybe someday it will be fully anonymous if the stars align correctly, will save the economy of Crackalackastan or uses a celebrity's likeness without actually having their endorsement.  Execoin is just an easy, fast decentralized way of sending money with a lot of potential if people would just give it a chance.

Just to follow up, this morning my coins from suchpool showed up in my wallet.  Happy camper.   

Yeah, I can't cash out of suchpool either.  Before mining AXIS, I was mining X13C right up until that developer pulled the source and abandoned the coin.  I sure know how to pick 'em.

Whatever X13 coin happens to be the most profitable at the moment.  I have no interest in holding them, since most of the coins are crap with no real direction other than "get on exchanges, separate investors from their BTC".  I only hold BTC, EXE, VTC, and LTC.   

I've seen that betarigs rental and it could easily just be a troll with a GPU farm trying to stir things up.  Just because Darkcoin profitability sucks doesn't mean it's being mined by FPGAs, yet.  The amount of hash on Darkcoin could easily be explained by those who left DOGE and LTC, as you've gotta remember most GPUs easily do 2x the hash of Scrypt on X11.

I will agree that Darkcoin sucks for plenty of other reasons, though.  It was basically instamined due to the unfair block reward algorithm.  The 1000 coin requirement to be a masternode is primarily what's driving buy demand.  Once investors start realizing they'll never see a ROI and that legitimate merchants will never have anything to do with the coin, it's gonna dump harder than Auroracoin.

This depends on whether you're mining to hold or mining to dump.  If you're betting on the future of a coin by holding, you're essentially buying it with the cost of electricity used to mine it (rather than paying the higher market value of an exchange).  No, it may not give you as much BTC if you mine a higher profit coin and immediately dump it onto an exchange, but that's not really a good thing for the health of a coin if it just exists to con investors out of their BTC (regardless of whether you're holding the BTC or investing your profit in a different coin).

X11 FPGAs are a rumor.  There are a lot of GPU miners who have been pushed away from LTC (ASICs) and DOGE (reward halving) - they've gone to X11/X13, not Scrypt-N as VTC's developers predicted.  The big migration to Scrypt-N may never happen.

On the subject of GPU brands, if you've already invested in a rig, you use what you have.  There's really no good reason for anyone to be buying up GPUs today - profitability, even in "ASIC resistant" coins, is presently terrible.  Overall investor enthusiasm in altcoins in general is down.  Probably due to the multitude of crap coins being released every day.

Scrypt-N was killing me on my electric bill once the weather got warm, so it was either shut my rig down or switch to an X11/X13 coin.  I really wish Execoin's developers would consider switching algorithms.  Scrypt-N is finicky to optimize, uses almost as much power as Scrypt and there's the negative psychological aspect of seeing your hashrate so low (yes, I understand everyone's is equally low, so mining is still fair).

Changing the POW algorithm should generate some new miner interest in Execoin.

The biggest problem that I see with all Scrypt-N coins is the psychological factor of seeing half your normal hashrate.  X11 and X13 coins are clearly winning over GPU miners and it's easy to see why - less power usage and less heat (great for summer).

It's all well and good to say Scrypt-N would save GPU miners from ASICs, but Scrypt-N isn't the only game in town anymore.

Apple has apparently reversed their stance on wallets for iOS and they're officially allowed now!  Time for the devs to get cracking on an EXE wallet for iDevices.

The altcoins seem to be behaving lately as if they're tied to a value in fiat rather than BTC.  As far as mining profitability, though, LTC seems to be getting hammered by ASICs and it's dragging down altcoin profitability across the board.  I'm assuming it's ASIC owners who care little about the future of LTC and just want to immediately dump on an exchange and collect their earnings.

On the subject of anonymous transactions, I support this feature being added to Execoin 100%.  Throughout history, many well-written proclamations have been made to explain why you need privacy, even if you have nothing to hide.  It would be shortsighted to dismiss this feature over fears that it would be utilized for nefarious purposes.

Speaking of the developer(s), has this been patched against the KGW time warp exploit and heartbleed?  Seems like most other coins with active development have already tackled those security flaws.

I think Caishen stole EXE's thunder.  Isn't that coin going to PoS soon?  I hope the hashrate comes back to EXE, things are looking sad lately.

Well, looks like the immediate effect of Dogecoin's reward halving was a huge drop in their hashrate with very little increase in value vs BTC - exactly the thing we want to avoid happening to Execoin.  It also appears to have dragged overall altcoin profitability down a bit, too.  It might not be a bad idea to try to convert some of those Shibes over to Execoin.   

Totally agree.  Hard forking should really only be done to fix security issues and to prevent ASICs from mining (if ones are ever developed for Scrypt-N).  Tweaking a coin to change its value in the marketplace may sound like a good idea, but it easily destroy confidence in the coin.  Crypto is risky enough without worrying that the developer might make a change that ends up making your holdings completely worthless.

The only thing that needs to be done to Execoin is getting more miners, investors and merchants into it.  That's a sure-fire path to the moon.

Vertcoin is a little older than Execoin and has more places you can actually spend it.  Granted, that's a chicken-and-egg problem, since merchants generally don't want to deal with coins with low exchange volumes.  Darkcoin uses a different mining algorithm and is innovative in its anonymous transaction technology.  The only thing Execoin brings to the table today is an advantage for miners to get in early before the ASICs start killing Scrypt profitability.  This isn't a bad thing, it just means patience and a little bit of faith is required.

You suggest Execoin needs to do something to attract more people, presumably miners, merchants and investors.  How does making the coin more rare make it more accessible and appealing to these people?  I really hate bringing up Dogecoin over and over again, but it clearly demonstrates that a large mining reward and insanely high inflation can't kill a coin if people are crazy in love with it.

While it was nice to see Execoin up on top of the profitability charts on Coinwarz, that really just attracted miners who wanted to immediately dump their earnings for BTC.  Execoin is better off without those miners.  Coinwarz is littered with coins that are barely hanging on because the developers believed "more rare = more value" and it just doesn't work like that.  We need demand, enthusiasm and EXEcitement to bring the hashrate and the value to the moon.

 

Execoin's hashrate is low today because it's working exactly as designed.  People who want to mine and dump for Bitcoin are mining something else.  Execoin's value is that in the future, when GPU mining becomes unprofitable, it will be in a great position to attract the miners who would rather not sell off their rigs.  Today, it's just another altcoin that requires a bit of extra futzing with your rig in order to mine.   It doesn't make sense to worry about the cake being frozen when the party is still weeks away.

I understand that if you've been mining or investing in Execoin you'd like to see its value go back up.  I do believe Execoin stands a great chance of being one of the bigger altcoins after the powerful Scrypt ASICs start shipping.  Until then, the best thing to do is keep mining, holding and buying if you believe in this coin.  Forking Execoin seems the surest possible way to kill it.

At the very least, I'd recommend the developer sit back and watch what happens to Dogecoin in the coming days after their reward halving.  It could provide some great insight into what may happen to Execoin.

As I'd previously replied, I strongly feel reducing the mining reward will ultimately kill this coin.  Looking at Coinwarz the last few days, all of the older Scrypt-N coins have seen their hashrates drop.  My guess is that it's a combination of miners pointing their rigs at Caishen or going back to regular Scrypt coins, which have recently become more profitable to mine for whatever reason.

Execoin is just a bit ahead of its time.  We're still in the relative calm before the the Scrypt ASIC storm.  It's somewhat unreasonable to expect this coin to start catching on until ASICs really start out muscling the GPU miners in a major way.

The best thing for Execoin is to continue to promote it as a coin you want to mine and hold for the future.  There's nothing wrong with granting the miners who place their faith in this coin with a large reward.  To paraphrase the airlines, "We know you have a choice of coins to mine and we're glad you chose Execoin."  Plus, coins with large mining rewards seem to be among the most profitable - take Dogecoin as an extreme example.

Reducing the mining reward will likely send Execoin down the same path of another low reward Scrypt-N coin - Rotocoin.  Low hashrate, low exchange volume and a plummeting value...  And that's how a coin dies.

I've been mining Execoin with five R9 270X cards (about 1050KH/s) almost since it hit Coinwarz.  I've accumulated a decent amount of coins and would stand to gain considerably if the coins suddenly became "more rare", but I strongly feel reducing the mining reward will backfire.  So much in fact, that I signed up here just so I could post this reply.

More than anything else, a crypto coin needs hashrate to survive.  Sure, I'm thrilled to see 300+ Execoins being mined by my rig each day at the current difficulty, but the low difficulty is also a bad sign that this coin is losing its appeal to miners.  Reducing the reward will only further deter miners from choosing to point their rigs at Execoin.

What is really needed to reduce the overall number of coins being dumped at exchanges is more miners who are willing to hold their coins.  I have no idea how you'd make that happen, but that's the medicine Execoin needs.