Quote:
Originally Posted by AlbertoKnox
If mining is making you poorer and you don't stop it is a case of the "dumb getting poorer"
.....
well obviously but what i meant was it would only be profitable/ worth it for the top to mine.
Can you also explain to me these other branches? Namecoin, LiquidCoin, LiteCoin,Etc. Are they separate entities or all tied together in some way
vircurex.com shows
GH/sec Blocks Difficulty Network
Bitcoin 207834 3,368,767.1405 25,119.3484
Devcoin 65675 22,408.9625 187.1445
Ixcoin 102203 18,105.0656 194.3882
Liquidcoin 66156 0.0500 0.0013
Litecoin 244701 18.4829 0.6780
Namecoin 83622 1,314,276.5535 10,191.2468
Solidcoin 600576 662.0062 0.0013
If we take Liquidcoin for example. The least difficult(which means easiest to discover blocks i believe*) Trading at 0.00018000 per BTC, which means 1 LQC is worth (10.65*0.00018)= 0.001917 USD BUT it is (3,368,767.1405/.05)=67,375,342.81 times easier to discover new blocks.
And this is where im lost. i am somewhat aware that LQC and i think the others have no cap (unlike BitCoin)
Would it not be more profitable to mine LQC?
Again sorry for the ignorance, i may sound like a complete idiot. I would appreciate the pardon. This really interest me and i want to know how it works.