Crypto Mining Blog
It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Search
What is Going On With New Altcoin Launches These Days
2 Jul2014
It seems that lately there are just very few new alternative coins worth mining and they are getting fewer and fewer. We are still seeing multiple coin launches every day, but the ones that look decent or even worth checking out are getting less and less. Large percentage for IPO or Pre-mine, no actual reason for a coin’s existence or a plan for development, quick POW phase and then POS resulting in mine and dump as soon a the coin hits an exchange. Not to mention that with many people renting their rigs and selling hashrate you can easily get a lot of hashrate to mine a new coin and then you just want to dump the mined coins with profit and then move to the next new launch. All this is driving away people from new coins, but it will hopefully result in the launch of more reasonable coins taking over… just like how the interest in “country coins” has declined. We need quality and not just quantity, we need innovation in order for things to move on. Now everyone is giving empty (mostly) promises about anonymity, but with Darkcoin not doing so well after the recent boom and new coins not being able to deliver on empty promises about anonymity, this is also getting old. So more and more miners prefer to start selling their hashrate with expected stable profit or to mine in multipools with some extra profit and direct payment directly in BTC to save themselves time and headaches. So what comes up next?
- Publihsed in: General Info
- Related tags: anonymity, buying hashrate, ipo, multipools, new altcoin launches, new altcoins, new coins, pre-mine, scam coins, selling hashrate, what to mine
Check Some More Similar Crypto Related Publications:
- New White PCI-E Extenders With Multiple Power Connectors
- AMD Radeon RX 480 May Not be That Great for Mining
- Monitor and Control Your Nvidia GPUs While Mining
- Awesome Miner with Automated Profit Switching Support
- Bitcoin Debit Cards Now Available from Bitwala
- Join us on Twitter For Faster and More Crypto Coin Updates
- Cryptosteel – The Ultimate Cold Wallet
- PiMP Linux-based Dedicated GPU and ASIC Mining Distribution
- Web-based Monitoring for Windows Ethereum Mining Rigs
- TT-Miner 5.0.0 Nvidia GPU Miner Removes the Development Fee
- The Official Decred (DCR) Stake Pool is Now Live
- What is Going On With New Altcoin Launches These Days
- Users Are Receiving Their KnCMiner Neptune Bitcoin ASIC Miners
- AuroraCoin A Week After the Start of the AirDrop
- An Open Source Primecoin (XPM) Pool and GPU Miner Now Available
- Some Alternative Uses for Your Crypto GPU Mining Rigs
- B is for Bitcoin, a Book About Bitcoin for Children
- CoinCheckup – Cryptocoin Analysis and Investment Stats
- CoinWallet Online Bitcoin and Altcoin Wallet with PoS Pool
- Where to Check for the Crypto Currency Market Capitalization
- Storj DriveShare Rewards Report for January
- Raspberry Pi Overclock Optimized Image for Innosilicon A2 Scrypt ASIC Miners
- Quick Guide on How To Compile CudaMiner for Windows from the Source Code
- Less Than 100 Blocks Remain Until the End of the ZEC Slow Start Mining
- TradingView is Now Charting the Impact of COVID-19 Worldwide
4 Responses to What is Going On With New Altcoin Launches These Days
NoobMiner
July 3rd, 2014 at 12:52
Agreed. Vootcoin is next!
Charlie
July 3rd, 2014 at 14:11
True, darkcoin has been a bust as far as anonymity is concerned, but let’s be honest, even if their implementation had worked out, the owners of the masternodes would have been able to track transactions through their nodes so it really wasn’t as anonymous as they claimed. Have you looked at the Vertcoin stealth address solution? I think it looks a lot more feasible.
pero
July 3rd, 2014 at 15:19
Check out cloakcoin
adachi
July 4th, 2014 at 04:02
Totally agree, all this flood of fly-by-night alts are diluting the value and credibility of ‘real’ coins but this is the side effect of completely unregulated, free market .. and usually the market will decide how this will all pan out…