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Title: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: ReCat on September 19, 2013, 11:35:09 PM Hello,
I find these things very interesting so I can not help but create a poll as my previous poll has had an acceptable success. Perhaps it may help shed some light as to why this is happening, or may otherwise yield at least somewhat interesting results. :) The poll will run for only 7 days, so that the data collected will represent only the present time, and so that it will not get messed up in the future if opinions change. ~Re Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: QuantPlus on September 20, 2013, 12:28:08 AM There are more great coins in the pipeline... Most of the top Devs are on their 3rd or 4th coin. The coin that eventually gives LTC a run is not on the radar yet. Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: claycoins on September 20, 2013, 12:41:21 AM loss of interest.
Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: NWO on September 20, 2013, 02:12:05 AM Nothing is happening with it. There is no interest anymore.
Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: solracx on September 20, 2013, 02:14:09 AM People may have realized that the search for sequences of prime numbers are as relevant as find sequences of zeros in a hash.
Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: spoid on September 20, 2013, 04:24:18 AM add the reason "it's a CPU coin".
It was a mixture of the fact that you had to look for new miner releases daily and had to tune arcane parameters all the time the fact that you are basically competing with botnets and cpu server farms which are still more numerous than GPU farms and you have the reason why a cpu coin will have difficulties maintaining value. Also, for parameter tuning, instead of collecting parameters for different CPUs somewhere (as is the case for GPUs in litecoin/bitcoin wikis, but probably took some time until those were available as well), it was every greedy man for himself. Mining primecoin was a lot more work than any other recent coin, while you were competing with botnets. all botnets do is dump immediately, the same as ASIC miners do for bitcoin since their chips are worth their price in metal otherwise. Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: digitalindustry on September 20, 2013, 06:15:52 AM Can you add :
"more sellers than buyers " To the poll ? Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: jdebunt on September 20, 2013, 08:05:48 AM nothing to do with the coin once you have it really, gpuminer or not won't make any difference untill we can start using the coin for more things.
Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: ReCat on September 20, 2013, 05:52:57 PM add the reason "it's a CPU coin". It was a mixture of the fact that you had to look for new miner releases daily and had to tune arcane parameters all the time the fact that you are basically competing with botnets and cpu server farms which are still more numerous than GPU farms and you have the reason why a cpu coin will have difficulties maintaining value. Also, for parameter tuning, instead of collecting parameters for different CPUs somewhere (as is the case for GPUs in litecoin/bitcoin wikis, but probably took some time until those were available as well), it was every greedy man for himself. Mining primecoin was a lot more work than any other recent coin, while you were competing with botnets. all botnets do is dump immediately, the same as ASIC miners do for bitcoin since their chips are worth their price in metal otherwise. The poll option "The fact that Mtmlr's GPU Miner does not work" implies this. Can you add : "more sellers than buyers " To the poll ? That's what the question is about, though. Of course that is why it's gone down. But WHY are there more sellers than buyers? That is the question. Title: Re: [POLL] What do you think is the cause of Primecoin's crash in value? Post by: rampantparanoia on September 20, 2013, 05:58:30 PM cause people like compositecoins
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