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Cryptocoin Mining?

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NXT is a scam as far as I can see. All of it hoarded amongst a few originators and it setup in a way to benefit them most. Basically relying in everyone else to buy in to sustain it. There is something to be said for coins you mine in that anyone can put forth hardware and electricity to generate the currency. A currency created with everything generated from the get go and the bulk in the hands of the creators is not appealing.

Also I agree the interface and method of leaving a java app open is crap.
 
Grooveriding said:
NXT is a scam as far as I can see. All of it hoarded amongst a few originators and it setup in a way to benefit them most. Basically relying in everyone else to buy in to sustain it. There is something to be said for coins you mine in that anyone can put forth hardware and electricity to generate the currency. A currency created with everything generated from the get go and the bulk in the hands of the creators is not appealing.

Also I agree the interface and method of leaving a java app open is crap.
Click to expand...

I agree, there are a bunch of other issues with it:
1. promises a bunch of improvements without explaining how it will be done.
2. closed source code - huge red flag
 
Grooveriding said:
NXT is a scam as far as I can see. All of it hoarded amongst a few originators and it setup in a way to benefit them most. Basically relying in everyone else to buy in to sustain it. There is something to be said for coins you mine in that anyone can put forth hardware and electricity to generate the currency. A currency created with everything generated from the get go and the bulk in the hands of the creators is not appealing.

Also I agree the interface and method of leaving a java app open is crap.
Click to expand...

Spot on. It's the anti-thesis of cryptocoins where its decentralized, free and transparent.

NXT is a dirty scam and it need to die and fast.

Doge is making Radeons a $$ printing machine .. AMD should change the name of their cards to Dogeon.
 
I'd be very wary of crypsy. They seem to hold the coin deposit when the price is high. Then it credits to the account when the price is low. Maybe vircurex, is bter any good?
 
Hashcows seem to be a multipool that automatically switches and will pay you in bitcoin (which seems a lot better than multipool which pays you in various coins you have to trade yourself)
Anyone used them before?

Who is the best multipool in your opinion?
 
I kinda regret shutting my computer off this morning and afternoon while I go to school. But when you got only ~600Kh/s, it probably won't mine too many DOGEs.
 
Silverforce11 said:
Spot on. It's the anti-thesis of cryptocoins where its decentralized, free and transparent.

NXT is a dirty scam and it need to die and fast.

Doge is making Radeons a $$ printing machine .. AMD should change the name of their cards to Dogeon.
Click to expand...

How so, I don't understand?
 
holden j caufield said:
fml sold at .7 what I could have gotten.
Click to expand...

I sold almost half a million around 50 satoshis. Now it's 100 satoshi+!

With difficulty soaring to 846+ I'm making fewer than 100K DOGE a day with my Radeons. Should have held onto it, but hindsight is 20/20.

🙁
 
I should've bought Doges with my .1 BTC balance, but I really couldn't afford it to drop down in price, so I stood pat. Now, its too late to change course. At some point, Doge has to go down again.
 
IEC said:
I sold almost half a million around 50 satoshis. Now it's 100 satoshi+!

With difficulty soaring to 846+ I'm making fewer than 100K DOGE a day with my Radeons. Should have held onto it, but hindsight is 20/20.

🙁
Click to expand...
It's ridiculous how much the difficulty went up in the past few days. It's all pump and dump going on right now.

I think I saw this morning it trading at 130 satoshis? Now it's 100. Seems to be falling.
 
taltamir said:
I agree, there are a bunch of other issues with it:
1. promises a bunch of improvements without explaining how it will be done.
2. closed source code - huge red flag
Click to expand...

Arbitrary messaging was just recently implemented, new clients are due this month. A lot is happening.

Source code of an earlier version was made public. Being a Java app, though, it is trivial to decompile the latest code and take a look at it. The devs also don't attempt to obfuscate the code.
 
x3sphere said:
Arbitrary messaging was just recently implemented, new clients are due this month. A lot is happening.

Source code of an earlier version was made public. Being a Java app, though, it is trivial to decompile the latest code and take a look at it. The devs also don't attempt to obfuscate the code.
Click to expand...

when was source code made available? When I last looked it was closed source only, but it is quite possible my info is outdated
 
I sold Doge at coinedup. Cryptsy is suspect with the huge delays on Doge deposits, but not on anything else. I use Cryptsy only to sell protoshares.
 
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