All About BTC, LTC, ETH mining as well as other alternative crypto currencies
While the Bitcoin debate around the block size continues the alternative crypt currency Dash, formerly known as DarkCoin, has shown how a consensus about an increase of the block size can be reached quickly and efficiently. By holding a vote among its stakeholders to increase its blocksize, even if there is not yet immediate need of such an increase, from 1 MB to 2 MB a consensus has been reached within 24 hours with 99 percent of the vote for the increase. Currently each block of Dash contains less than 10 transactions on average and is justa few kilobytes in size, so there is not much need of 2 MB block size, however with the developers expecting the blocksize to grow over time the need for further increase in the not so near future can be avoided (learning from Bitcoin).
According to Coinmarketcap Dash is currently the 5th crypto currency in terms of Market Cap, however you can also say it is the third one after BTC and LTC if you take out Ripple and Ethereum due to the first being pre-mined completely and the second one with a very large initial pre-mine. Dash has some interesting and useful advantages as compared ot Bitcoin and some other crypto currencies including much faster transaction times, offering more anonymity and still being mined with GPUs only (no ASICs) using the popular X11 algorithm. Lately there have been some interesting and positive news regarding Dash that have also resulted in the price of the altcoin increasing a bit in the last few days.
Nowadays it is hard to always keep track on new promising coins and to jump on the train as early as possible in order to be able to mine more coins at low difficulty. Even if you do there is no guarantee that the new coin you have mined plenty of will be catch users attention and the exchange rate will skyrocket, so you will be able to make good profit. Another alternative is to look for changes in the top crypto currency market capitalization and jump on coins that have been available for a while, but that just recently started to rapidly increase in market capitalization.
For example the fairly new AuroraCoin that has been premined has managed to secure the third place in no time in terms of market capitalization, getting ahead of Litecoin. Dogecoin has fallen down to the 6th place and could continue to drop down in the list. Another new coin that has caught a lot of attention lately thanks to the AUR fame by being something similar as an idea is MazaCoin that has already secured the 17th place in terms of market cap. So if you have already missed the Auroracoin trading (Scrypt algorithm) and still haven’t checked the MazaCoin (SHA-256 algorithm) you still might have some time to mine a bit of MZC before the difficulty has skyrocketed, especially if you have a Bitcoin ASIC mining BTC at the moment.
If you want to be able to easily track what is going on in terms of crypto currency market capitalization, then you should keep an eye on the coinmarketcap website that has all the date you need in a simple and clean interface. Currently the website is tracking 146 crypto currencies and covers all of the major ones along with many of the new cryptos that are getting released and are not just a new pump and dump money making coins.