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Mining & Pools / Re: Why should I mine Goldcoin?
« on: November 23, 2013, 09:21:42 AM »
Thanks for the replies.
Hey, MicroGuy, are you really offering 500 Goldcoins for joining on the 20th? As it happened, that's when I joined. My address is:
E53GCXUzAAayoD6wA2bgjxSMrbiyDz5wAB
I've mined some so far but in an experimental way - both CPU and GPU based mining. I haven't tried to mine any litecoins yet, so in fact Goldcoin is my first port of call on this journey.
I'll carry on reading around and let you know if I have any additional questions.
By the way, I'm a programmer by trade not really a layman but my question really is about the story/narrative/messaging behind Goldcoin. I cannot imagine a future in which there is only one dominant crypto-currency. Even if Bitcoins are divisible their supply is too just low. Also, the link you provided talks about pump and dump, but there are so many Bitcoins in so few hands (Nakamoto it is claimed has 1 million - if he is still alive, who knows). Not to mention that mining SHA-256 coins is a massive arms race. People need to think seriously about these issues - which is what I'm doing
Cheers!
Hey, MicroGuy, are you really offering 500 Goldcoins for joining on the 20th? As it happened, that's when I joined. My address is:
E53GCXUzAAayoD6wA2bgjxSMrbiyDz5wAB
I've mined some so far but in an experimental way - both CPU and GPU based mining. I haven't tried to mine any litecoins yet, so in fact Goldcoin is my first port of call on this journey.
I'll carry on reading around and let you know if I have any additional questions.
By the way, I'm a programmer by trade not really a layman but my question really is about the story/narrative/messaging behind Goldcoin. I cannot imagine a future in which there is only one dominant crypto-currency. Even if Bitcoins are divisible their supply is too just low. Also, the link you provided talks about pump and dump, but there are so many Bitcoins in so few hands (Nakamoto it is claimed has 1 million - if he is still alive, who knows). Not to mention that mining SHA-256 coins is a massive arms race. People need to think seriously about these issues - which is what I'm doing

Cheers!