Tag Archives: Infinitecoin

successThere are more and more Altcoins entering the Ecoin marketplace all the time. One of the big questions in the Ecoin community now is if Altcoins are a fad or have real staying power.  This is obviously an unanswerable question.  I believe that Altcoins do have a long-term place in the future of E-currency.  The web is all about long tail and customization.  Most new Ecoins have a unique feature that makes them different than other coins.

Altcoins may be the long tail of currency.

Namecoin has unique features in the blockchain. Quarkcoins have a unique feature for inflation.  Infinitecoins have a unique feature to keep transaction costs low. Mastercoins are designed to leverage the Bitcoin blockchain and address existing Ecoin issues with security and refunds, as well as offer the ability to make your own Ecoin. Also Altcoins already represent a significant market share of all Ecoins which means people are following them and trading their Bitcoins and Fiat for Altcoins.  For now I am constantly researching and acquiring Altcoins. I like to spend some time reading up on the features of the new Ecoins and trying to pick out the most interesting. A question I typically ask is “what about this Ecoin makes it unique?” and “does that unique feature seem to be something that will excite the market and community?”

Monitor Bitcoin Talk Forum

Most Ecoins start as a developer project and are announced in popular Ecoin forums. Recently new Ecoins start with a fundraising campaign that typically involves first adopters getting to trade existing coins (Typically BTC) for the new Ecoins at a better exchange rate than will be available when the new Ecoin starts trading. Examples of this are Mastercoin and Netcoin. If you want access to these early Ecoin opportunities, monitor the Bitcointalk Forum for new release announcements and insight.

Review Cryptocoin Charts

After an Ecoin gains momentum, it will start to be traded on an Ecoin Exchange. I spend time monitoring these exchanges for new Ecoin exchange match up. One of my favorite tools is Cryptocoin charts.  These charts are an easy way to see which Ecoins are trading and the Ecoin’s recent momentum. Typically you will see at least one or two Ecoins that are making big moves (over 25%+ in the last 24 hours).

Pick your favorite Ecoins

It is very difficult to pick which one of these movers is going to break out.  We typically exchange our LTC or BTC for four or more of these movers at once. This seems to increase the likelihood that we will pick the fast mover of the week. Last week, we picked Devcoins which moved up about 200% on the week.

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These ecoins are great for smaller transactions

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Quark (QRK) recently increased in value over 500% in one week.

Bitcoins are great, but they are not great for all transactions.  Right now, Bitcoin processing is relatively expensive. This is on purpose to discourage Bit coin network spamming and reward BTC payment processing. The transaction fee for BTC is currently .0001 BTC, at BTC $1000 that is $.10.

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Goldcoins are up almost 100% in the last week

There is an opportunity for other coins with large volumes and small transaction fees to grab a piece of the ecoin marketplace. Three of the top contenders appear to be Infinitecoin, Goldcoin and Quarkcoin. These 3 ecoins are showing resilience on the market and have relatively strong communities behind them.

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Infintecoins recently doubled in value vs BTC 

Ecoin Club’s 3 Coin Super Pac is the best way to get all three of these Ecoins at once. The 3 Ecoin Super Pac includes 10,000 Infinitecoins, 5 Goldcoins and 5 Quarkcoins. Supplies are limited and offer may be discontinued due to volatility and demand.

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Order Now for $15 with Paypal

After you order, you will need to send us your Infinitecoin, Goldcoin and Quarkcoin address. We will help you set up your wallets if needed. Once your wallets are synced and/or active, you can expect your Ecoins in under 24 hours.

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Infinitecoin (IFC) is an open network, peer-to-peer ecoin similar to Litecoin.  However, IFC has 1142.86 times as many coins as Litecoin.  Infinitecoin is considered the penny of ecoins.  Infinitecoin and Litecoin use scrypt hash function for proof-of-work.  This is different from Bitcoins which use another function called SHA-256.  Also, the Infinitecoin network adjusts mining difficulty every hour.  For Bitcoins and Litecoins mining difficulty remains the same for longer periods of time then changes rapidly. This means that it is already very difficult to mine for Infinitecoins.

Infinite coins could have a strong future.

* Almost all Infinite Coins have already be ‘mined’. It is very difficult to get Infinite coins by mining.  You pretty much have to buy them on the open market.  This makes Infinitecoins harder to acquire and rare compared to other Ecoins like Bitcoins and Litecoins.

* Infinitecoins are used to buy small items (this is why they are sold in large numbers like 1,000,000). If more people start using Infinite Coins (IFC) for small purchases, demand could skyrocket.

* In the future, it is possible that Infinitecoins could become the NUMBER ONE Ecoin for small purchases in stores ( a few dollars). This is potentially a HUGE global market.

* The Infiintecoin market is volatile.  Currently large price swings are common.

* Getting in early on Inifinite coins could be a great thing to do!

What you do with Inifinitecoins

Infinitecoins are exchangeable for other Ecoins like Bitcoins and Litecoins.  There are many ecoin markets that exchange infinitecoins for other ecoins.  If you want to send someone a small amount of ecoins, Infinitecoins may be the best way to do it. While transferring Litecoins and Bitcoins is relatively inexpensive, transferring Infinitecoins is basically free.  This is a real value and the markets have demonstrated this by pushing up its value in Bitcoins and Litecoins.

How to get Infinitecoins

The first thing you need is an Infinitecoin specific wallet. You can download or update your IFC wallet from the Infinitecoin website for the desktop version. Most online wallets are connected to ecoin exchanges.  As of now most of those exchanges only allow intra-ecoin trading rather than USD or EUR to ecoin trading.