A few days ago, a BlackCoin Multipool was launched, which gave Scrypt miners an easy way to acquire BC. Mining Bitcoins and trading them for BC is a simple activity any miner could do himself. The conclusion: Miners are very lazy.
I entered the altcoin scene in the beginning of February. Never putting in my own money, I started with some Dogecoin tips. One month later, I had 0.1BTC.
One of the most popular articles on this blog is about Kimoto’s Gravity Well. However, it is also somewhat outdated by now. We are living in an age of rapid innovation in altcoins. They are quickly adapting to the multipool threat. The new state of the art is even better than Gravity Well.
Looks like there is some demand for a list of shitcoins, so I made a Quick Altcoin Overview page. It tells you which coin has some innovation and which ones are blatant clones. I also tried to give a probability of the coin being a scam. Is this helpful? What coins should I add?
TakeiCoin (TAK) is out of the game. It had high potential. Dump immediately as long as you still can. Here is all the story I know:
Has anybody thought about creating SudokuCoin? Instead of scrypt/SHA256 hashing, miners solve random Sudoku puzzles. The difficulty is the size of the board. Should be very CPU-friendly and hard for GPUs and ASICs.
Recently AuroraCoin made a big splash. It has a 50% premine which is supposed to be distributed to people of Iceland with an “airdrop”. Apart from the 50%, not even 1% is mined so far and traders went busy pumping the price up. Right behind MazaCoin is pumping. It is supposed to be the sovereign currency of the Traditional Lakota Nation. At best they are in a huge bubble now. Worst would be a scam. Continue reading
When looking at a new coin, there are various features to evaluate. This is my checklist of features, which a new coin must have.
It took me five years to learn to play the game intelligently enough to make big money when I was right. — Jesse Livermore (1877–1940), stock trader & speculator