Bitcoin Forum

ACOIN is currently a $44,000 marketcap coin... putting it pretty far down the list. However, it's hashrate is one of the highest around at #6. It's higher than ETH, LTC, DOGE, DASH, and many other reputable larger marketcap coins. Why would ACOIN have so much mining interest? Correct me if I'm wrong, but I would imagine the miners know something that we don't. They wouldn't just waste money mining a coin that they can't sell at a good price right? If I had to make a bet, I think someone is expecting these coins to be way more valuable in the near future. Even if the coin got to just a $1,000,000 marketcap which is very small compared to the other coins with the same hashrate, you're looking at x20 your investment or more at the current price.

Diamond in the rough? I think so. Let me know what you think about this coins situation.

Here is a live list of the coins sorted by hashrate: http://www.coinwarz.com/cryptocurrency?sort=hashrate&dir=desc

Much more a ruby than a diamond. But a good spot, thanks :) I will enter with a small amount.
Graph looks promising. It's not like CRW, where you have a great hashrate and free-fall price.

Zero development since 3 years?
Looks pretty dead to me.

Can't even find it on any exchanges, where's it at?

OK.
I am not a miner, but will correct you.
Do you know that when you mine different algorithms with same computer you get different results?  To get one hash from SHA-256 or Scrypt  you need different computer.

When you compare ACOIN Network Hashrate, please compare it with coins with  SHA-256

And have no ideas why this is a speculation. Well it cloud be deleted altogether.

This often doesn't matter.  I've gotten behind about five dead coins just in contributing to their threads.  Earthcoin was one of them and it revitalized.  There are over five similar coins today, including XBY and Chesscoin.   Cryptocurrency is about the big coins, sure, but it's
also about how getting behind small coins can create wealth for smart people with good work ethics.

It is an older coin yes, but it isn't abandoned. If you take a look at the ACOIN forum you'll see that a group of people have just put together a new website, fixed up the wallet, working on a new logo, and getting more miners involved. Their goal at the moment is simply to run a "healthy" chain and go from there. It might not be changing the world with a new idea, but I don't think you can call it "dead".


Yobit: https://yobit.net/en/trade/ACOIN/BTC

Cryptopia: https://www.cryptopia.co.nz/Exchange/?market=ACOIN_BTC


That makes sense. I appreciate the feedback. I'm not a miner either and not completely sure how the different hash's work. Using your suggestion. Even if you compare this coin to it's closest ranking SHA-256 coin this is the valuation:

Zetacoin - $728,000

So even if you use that coin as an example... there is still potential to see x18 return on your investment if ACOIN was to reach the marketcap of its comparable SHA-256 coin Zetacoin. Let me know if I'm still missing something. I appreciate the input.

It isn't on YoBit? I can't find it on the market.

This coin is already 0.00001798 on Cryptopia, that's pretty high already.  The other coins I mentioned were under 40 sat or so.  I don't feel safe any more in many coins not in the top 100 unless there is something very good about them, like the speed you mentioned, perhaps. 

This is the link to the yobit market for ACOIN:

https://yobit.net/en/trade/ACOIN/BTC

Otherwise you can type it into the search box on YoBit. The problem is it won't come up atthe top. After you type it in to the search box you have to look down the list a little bit, but it will be there. I bought some ACOIN there... it's on there.

That's not a good way to look at it. The two coins you mentioned are under 40 sats because they have a HUGE supply of coins. One has 650,000,000 and the other has 53,000,000. ACOIN only has 1,200,000 coins. It's supply is super low making it very rare. This is why the price is higher than the other two coins you mentioned. And because it's an older coin I'm sure a handful of those coins are lost making it even more rare than it already is.

I think ACOIN has some loyal holders.

translation:  It's about trading pink sheets and getting that penny stock at .001 cent, pumping it up to .02, and dumping. :p 

I would agree with this statement on a lot of coins, but not necessarily ACOIN. This coin has a working wallet with a healthy hashrate supporting the chain. It has been around for quite a while. It's not like Putin or Trump coin or something where it was created just for hype, has a broken wallet, only traded on one site, and gets pumped hard just to dump on other people.

Feel the price is very high, not worth the investment.

You think the price is "very high"? The entire marketcap is $24,000 lol. There are abandoned scam coins with higher value than this legitimate coin. I don't agree at all. I'd like to hear your reasoning.

I'm not fudding it, I bought a little.

Here is the thread:

https://bitcointalk.org/index.php?topic=761818.0

Acoin is an interesting concept. I like the small supply, so sick of seeing coins with 50 billion supply and devs premining hundreds of millions of coins.
But Im not sure how I feel about the random reward. Will do some more reading and keep an eye on this.

Price has dropped 30%...
But a $24k market cap means there could be a lot of room for growth if there is active development.
https://coinmarketcap.com/currencies/acoin/

I agree. The limited supply coins are enticing compared to these coins with absurd numbers. It did drop 30% which is a pretty good amount, but it's coming after a 400% increase over the last two weeks or so. I'd say that's an overdue healthy correction. Bouncing off 1000 here seems to be promising. I guess we'll see what happens.

The OP in the announcement thread needs to be updated, like take that old stuff off, and put up an active pool. 

I think there is quick buck to be made here because i have a feeling it is set for a pump but don't wait for that 20X return the Op is promising, make money and move

Yea the old stuff should be removed. Not sure why that hasn't happened yet. There are 2 active mining pools for Acoin :

Crackfoo's mining site with an explorer: http://www.zpool.ca/

Ispace mining : http://ispace.co.uk/coindetails/?coin=acoin&id=1

Short term or long term. I think it's a good play with what I'm seeing right now.

1.8btc buy order hit the books on Cryptopia. I know that doesn't sound like a lot, but that's a buy order for over 10% of the total supply. So that's a pretty huge. I don't see the price going under that any time soon unless it's pulled.

https://www.cryptopia.co.nz/Exchange/?market=ACOIN_BTC

OK,I bought some coin,the average price is 1400 sat.

QBK?the coin that delisted on the poloniex.com?

I think that is a solid entry point. The price was touching 4000+ sats just about a week ago. After a correction to 1000 sats it's been slowly going up the last few days towards 1500sats on Cryptopia now. YoBit price seems to be moving a little faster jumping up to 2300 sats yesterday. I think the trend is looking pretty good right now.

Down to about 90 Sat now on Cryptopia, but CMC says 0.00001376.

I can't believe OP actually managed to lure in some poor losers to his scamcoin.

Wouldn't go as far as to invest in it, but maybe I'll mine myself some ACOIN. It's mineable with AMD GPUs right?

I'd like to hear some sort of reasoning that this is a "scamcoin". It would be beneficial to the rest of us. Otherwise anyone can say that about any coin without proof.

I think that's a good idea. It's kinda hard to invest since the book are so thin and the price is so low. At least without moving the price too much on your own.

I think this information can be referred to, and do not have to ask people to give evidence to judge whether we can participate.

I hope everyone got in around the 1000sat range. We've already tripled up to 3000sats now. Closer to my x20 speculation!

So, from what I understand, the tech behind this coin make it a longer term hold. 

UBQ maybe not 20x but it worths at least 10x!  8)

https://bitcointalk.org/index.php?topic=1763606.0

https://ubiqsmart.com/

yes, its true,, and maybe 4 thing that can make any cryptocurrency price increase and good for longterm investments is :
technology behind the crypto, features inside the platform, marketing strategy , and the most important thing is the law of supply and demand(economics rule)

I think what ultimately is helping this coin is the very limited supply of only 1,220,000 coins. Although a coin is nothing without the power of miners behind it and supporting it, and this has that too. Lots of mining power for a coin with such little instant return at the moment. Clearly they see a higher value coming soon if they're putting there power and money towards ACOIN.

Will ACOIN see a boost in price as BTC starts to fall now?

Bcap had invested 0.5 million$ in Parity.io (formerly ethcore) Dr. Gavin Would company, ethereum cofounder alongside Vitalik Buterin
https://parity.io/press.html , parity.io is already making polkadot a revolutionary blockchain technology, and banking solutions for BNP Paribas. The profits from this investments will be paid back to the bcap token holders. I can see this as a gem!!! of investment and can easily go 20x, buy it when it is low now, still below ICO price buy as much as you can and enjoy 10x or 20x returns.

Just ordinary coin with low market cap and small supply but there is no interest to pump price. My favourite is Bitsend or Zoin.

Very true, but how many of these other "ordinary" coins have multi-million dollar marketcaps? An old, solid, healthy chain has value. Currently the price is that of an abandoned coin with a broken wallet that people can't even move coins around if they wanted to. This coin has support and is up and running with a large amount of hashing power behind it. I'm not saying it's the next bitcoin by any means. It's definitely just a copy, but it's very undervalued.

Here are the ACOIN mining pools for those interested:

Ispace

http://ispace.co.uk/coindetails/?coin=acoin&id=1 

Zpool : Crackfoo's mining site

http://www.zpool.ca/

Posw maybe x10 easily.

Mercy please. I've been holding those bags for ages. They need to dump the garbage coins from their faucet and upgrade to supernodes. Then we'll finally see our bump.

Definitely Blocknet !

It will reach 200 ml marketcap by the end of 2017!

So its an etherium clone?

But also keep in mind that x20 investment oppurtunity! usually come with /20 risk.

I'd half agree with that. If you're buying ETH with such a huge marketcap thinking it could go up x20... then I'd say it could also pose a x20 risk since the coin is already up so much, but something like, ACOIN ($60,000), MILO $(60,000) or even BIOB ($4000) the marketcap is so low that there is way more upside compared to downside. All of those are active coins with working wallets that have super low marketcaps. There really isn't much room to go down and lose. Even fake coins with broken wallets and no support have higher marketcaps than that.

If you want 20x times ROI you definetely have to buy Safe Exchange Coin.

Volume is getting higher and higher every week, whales are accumulating before this one will explode the roof out

https://coinmarketcap.com/assets/safe-exchange-coin/

ACOIN Overview

May 16th - $21,000 Marketcap

June 5th  - $87,000 Marketcap

The coin has already gone up x4 since right after this thread started... still lot of money to be made. My original prediction was x20. The longer you wait the less return you'll see. Still a very early and profitable entry point right now.