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by archQuestions 4590 days ago
They're currently 0.01NMC to register/update actually. Which is quite cheap, but trying to mine 0.01NMC isn't as easy as it used to be. It is the second most difficult to mine coin that exists in the world.

It would take somebody ~3 days of mining with a basic multi-GPU mining rig just to acquire the 0.01 NMC to register a domain name.

And the difficulty is jumping through the roof: http://dot-bit.org/tools/nextDifficulty.php

1 comments

Thanks for the correction. NMC is still cheap in the secondary market, though; the current price puts it around a penny per domain.

Don't get me wrong, I'm still rooting for NameCoin, and I think distributed DNS is sorely needed. I just think it faces an uphill climb for adoption by users, browsers, and OS vendors.