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Title: Massive amount of mining Post by: High Plains Drifter on August 01, 2015, 12:32:27 AM Gentlemen,
I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks! Title: Re: Massive amount of mining Post by: foodstamps on August 01, 2015, 01:33:00 AM Gentlemen, I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks! The amount of coins mined will always be the same regardless of the amount of hash that is pointed at it. This is assuming the coin is coded correctly and re-targets the difficulty as it should. What coins are you talking about? Title: Re: Massive amount of mining Post by: americanpegasus on August 01, 2015, 03:43:13 AM :D :D :D :D :D :D
:D :D :D :D :D :D This is the bitcointalk version of "Which one weighs more? A ton of feathers or a ton of bricks?" Title: Re: Massive amount of mining Post by: TheMage on August 01, 2015, 04:38:03 AM Gentlemen, I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks! Which coins? As indicated by the last 2 posters most likely whatever coins you are watching would have mined that amount due to how the blockchain technology and difficulty re-targeting works. Unless you are watching something really exotic. Title: Re: Massive amount of mining Post by: High Plains Drifter on August 01, 2015, 07:48:48 PM Over 1 billion LiteDoge have been mined in the last four weeks. What do you guys think that is an indication of?
Title: Re: Massive amount of mining Post by: ridery99 on August 01, 2015, 08:25:45 PM I've been watching many bitcoins being mined recently
Title: Re: Massive amount of mining Post by: Cryptoipad on August 01, 2015, 10:10:47 PM Is this the we're on mushrooms thread? :P
Title: Re: Massive amount of mining Post by: bit1 on August 02, 2015, 12:54:06 AM Gentlemen, I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks! Pump and dumps is thing of alls days. Is normal that there is increased on activity as time passes because of several reasons like the increase of peoples interested on mining, Tons of cheap scrypt miners, Mining cloud services, Etc.... Like everything the biggest boom should be to come. Title: Re: Massive amount of mining Post by: achillez on August 02, 2015, 07:14:21 AM Gentlemen, I've been watching a couple of coins recently and both of them have had several hundred millions of coins mined within the last month. Is that an indication that a pump and dump is coming? Thanks! Pump and dumps is thing of alls days. Is normal that there is increased on activity as time passes because of several reasons like the increase of peoples interested on mining, Tons of cheap scrypt miners, Mining cloud services, Etc.... Like everything the biggest boom should be to come. What you need to watch for is the % of total possible coins mined in the first couple months. Doge (sadly) was an example of a coin that had a massive early reward for early miners. Then said miners pumped the coin to a massive extreme. Ironically these miners also trashed all prior altcoins that had a large early award. Since dogecoin the MO for many altcoins is a massive early reward. Pump Pump, then sell. I'm really surprised this continues the way it does. It's very much like a pyramid scheme :( |