Tag Archives: Quarkcoin

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

Quarkcoin is an open source blockchain based digital currency.  It is considered hard to mine and secure.  It is also considered to be easier and faster to transfer than Bitcoin.

With a blocktime speed of just 30 seconds and a transaction confirm time of just three minutes (6 blocks), Quark is fast for transactions.  Transactions take only three minutes to confirm. QRK is also built to be secure. It requires rounds of hashing using six different hashing functions to decrease the likelihood of hacking.

Quark is still ideal for GPU mining, there is no ASIC miner on the market. Quark coins are traded for Bitcoin on digital currency exchanges and has an growing community.  Several forums are dedicated to Quark.  Since there is a short term for mining the majority of the 247 million coins have been mined.

Quark has a atypical feature – inflation is built into the coin.  There will never be less than a one QRK reward per block, amounting to an annual increase of one million QRK, or a yearly inflation of 0.5 percent.

Two features make Quark easier to use as a currency than Bitcoin. First is the larger amount of coin that will be placed in circulation – 247 million (plus an additional one million per year) compared to only 21 million ever for Bitcoin. This makes it possible to deal in larger units of currency.  Coins like Quark, Infinitecoin and Colossuscoin are competing for this small transaction’ space.  Also the annual inflation rate provides an additional motivation to use Quarks for transactions instead of just hold or speculate on them as assets.  You can learn more about Quark coins on the official Quarkcoin website.

To receive Quark coins from Ecoin Club, please sign up with your email below.

sucincessWhat is an Altcoin

An Altcoin is basically any ecoin that is not a Bitcoin or (increasingly) a litecoin.  There are over 60 Altcoins currently being mined and/or exchanged online.  Recently some of these Altcoins have had amazing appreciations.  One Ecoin called Sexcoin (SXC) recently shot up over 1000%.  Quarkcoin, Infinitecoin and Goldcoin are three coins that have also recently shot up in value.  To get an idea of how an altcoin might grow, start with how they are born.

How an Altcoin/Ecoin gets started

A developer or small group of developers will design and build the new Ecoin (Altcoin) and announced it in a forum.  The announcement will include a description of the Ecoin, the rules for mining, receiving and sending the coin, the coin wallet and the source code.  After the announcement, Ecoin miners will decide to mine for the new Ecoin or not.   If the Ecoin starts to get mined, the miners will  start to exchange the new ecoin for established Ecoins like Bitcoin or Litecoin within their communities.

If there is enough interest in the new Ecoin, one or more of the Ecoin exchanges will add the new coin to their exchange list.  After the Ecoin is added to an exchange, anyone with an account in the exchange and Ecoins to trade, can acquire the new coin through their online account. Once a coin has a place on the exchange it can grow or perish on its own merits.

Why some Alt coins take off

The Ecoin market is still very small.  Because it is small big buyers and seller tend to have more influence than in larger markets.  This seems especially true for new coin markets.  Right now a lot of the Ecoin wealth is concentrated in a few holders or groups of holders.  Most of this wealth was accumulated by mining or buying Bitcoins early on.  Alt coins are extremely helpful for these buyers to diversify their holding and as opportunities to get big ROI on very inexpensive coins.  For example, if Bitcoins cost $1000, a 100% appreciation makes the value of Bitcoin $2000.  Where as if you can trade 1 Bitcoin for 10,000,000 Altcoins, the Altcoin only needs to go from a value of 1/10 of a penny to 1/5 of a penny for that same appreciation.  This type of appreciation and even much higher appreciation of 1000% or more seems to be happening in the Alt coin market quickly.

What Alt coins to get NOW

Alt coins seem to follow growth pattern.  Typically there is an immediate spike in mining activity and then either a gradual climb or drop off.  Once a new coin is listed on an exchange the coin typically spikes in interest and then drops.  After that the coin typically bounces around or remains very flat.  Coins that remain very flat stay flat until they slowly perish or spike up.  Getting altcoins during the flat or in the beginning of a spike may work.

If you own Bitcoins or Lite coins, you can trade for Alt coins in exchanges.  You can not typically purchase Alt coins for cash.  You can get the Ecoin Club Altcoin Super Pac which includes:

Worldcoin: WDC is traded for BTC, margins are high right now in secondary markets which could signal a steep upward climb soon.

Zetacoin: ZET is traded for BTC, margins are high right now in secondary markets which could signal a steep upward climb soon, also ZET has had a slow and stable climb.

Casinocoin: CSC is traded for BTC.  There is a good amount of chatter on trading board about CSC and the name of the coin could help it gain good adoption for online gambling.

Centcoin: CET is traded for LTC.  The good news is also the bad news once it was worth more, now it is worth less.  This is the case of getting a coin when it is down and it can not go down much more.

Netcoin: NET is traded for LTC.  Netcoin is at a high right now, but there is strong chatter about this coin in the Ecoin community.

If you are interested in getting the Ecoin Club Altcoin pac, please submit your email and we will reply with additional information.

 

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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