Catcoin - Uses Bitcoin parameters, scrypt algorithm
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[quote name=“Calem” post=“47788” timestamp=“1388131588”]
I’ve been having a poke at catcoin over the last 12 to 18 hours… I’ve only picked up about 3 cat.From pool teamcatcoin.com
[quote]Overview CAT/USD: 22.15000000 / Pool Workers: 46[/quote]Even though I can mine a lot more ftc, cat seems more profitable right now.
Do we think because it is far more scarce that it fetches a higher price?
By making cat a clone of btc but having it as scrypt, does that that not essentially remove 95% of the competition from all those SHA asic mining rigs?
[/quote]It could cause people to rethink the whole ASIC tulip mania. Which would be a good thing.
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[quote name=“zerodrama” post=“47627” timestamp=“1388050176”]
1. 1000 CAT = 1 BTC.
2. Kittehcoin competes with Dogecoin
3. CAT is meant to be scrypt copy of BTC so 21 million
4. Value depends on security + communityLong term speculation and 2 years to maturity of coin are things of the past. The technology is proven. The issue now is that people want to not have others controlling the possibilities.
Both the bitcoin and litecoin communities became circlejerks for the developers and developers care more about making deals with corporations and angel investors instead of people.
Catcoin is Bitcoin in scrypt. It has the dynamics of Bitcoin which means I can pretty much forget about Bitcoin.
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OK, so Catcoin isn’t really a Dogecoin competitor? It was its USP before and during launch. [quote author=zerodrama link=topic=6388.msg47792#msg47792 date=1388133000]
[quote author=Calem link=topic=6388.msg47788#msg47788 date=1388131588]
I’ve been having a poke at catcoin over the last 12 to 18 hours… I’ve only picked up about 3 cat.From pool teamcatcoin.com
[quote]Overview CAT/USD: 22.15000000 / Pool Workers: 46[/quote]Even though I can mine a lot more ftc, cat seems more profitable right now.
Do we think because it is far more scarce that it fetches a higher price?
By making cat a clone of btc but having it as scrypt, does that that not essentially remove 95% of the competition from all those SHA asic mining rigs?
[/quote]It could cause people to rethink the whole ASIC tulip mania. Which would be a good thing.
[/quote]I wouldn’t trust pool valuations. I’d check what they’re selling for on the exchanges and forums. -
[quote name=“TheTribesman” post=“47797” timestamp=“1388140101”]
I wouldn’t trust pool valuations. I’d check what they’re selling for on the exchanges and forums.
[/quote]Currently it’s not on any exchanges I don’t think.
They have a google docs spreadsheet to trade I think.
I’ll pointing everything I have back to ftc. It’s my default option for mining. It’s just sometimes if I see a new coin pop up that might be different from the rest, I can’t but help see how well I can mine em… Especially considering I’ve got my first rig built. It took a lot of physical and mental effort to get this rig up so I’m just having fun.
To be honest, cause I run the air conditioner to keep the apartment cool, I’m always making a loss so it’s not about money to me… If i wanted to make fiat, I would day trade…
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[quote name=“Calem” post=“47798” timestamp=“1388140476”]
It’s just sometimes if I see a new coin pop up that might be different from the rest, I can’t but help see how well I can mine em… Especially considering I’ve got my first rig built. It took a lot of physical and mental effort to get this rig up so I’m just having fun.
[/quote]Completely agree. I’m loving it.
:D -
[quote name=“TheTribesman” post=“47803” timestamp=“1388145992”]
Completely agree. I’m loving it.
:D
[/quote](In the Borat voice) *High-Five!*
