Bitcoin Forum

This QRK swarm reminds me of FTC when it was first launched....

discuss

(& where have all those FTC people gone?)

and whats the benefit of the mutlihashing

yes both are crap coins that will die once the dump happens.

Quark is here to stay, FTC is a copy, Quark is not. Don't hate, do some research

Please shut up and stop saying scam, you dont have to rip your ass.

Don't mind him. There will always be BTC/LTC fanboys who are eager to call other coins "scamcoins" for no reason or research. Better coins scare them.

Quark is one serious contender and people who do not understand this will cry later :)

Quark to Uranus!?  ;D

This is why Quark is a scam coin:

"* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)"

.... 247 million mined in the first 6 months.  ::)

It's a shame they had to ruin a good idea with an unfair 6 month instamine.

Agree with you.

They're here: http://forum.feathercoin.com/


I second this.

Haters gonna hate, trolls gonna troll, equilibrium is stable :p
Quark has quite normal price right now and with further ongoing events will be worth even more soon. You can't avoid it. Buy or leave.

I bet you will hold some qrk in 2014, this same whining happened with btc and ltc, if you think btc and ltc aren't a get rich quick scheme you are out of your mind, just look the trollbox, people try to fuck each other over to make money, only to make money. All the haters will jump on qrk when it gains popularity and value, ltc perfect example. There have been enough counter arguments for all your points

Quarks True Value is 0.00013 BTC right now.
Ping Pong sell at +-0.00005 for insane profit.

Quark should get reloaded, or else it will follow FTC in its footsteps towards nil.  :'(

didn't quark copy some other coin sif or something

Yes, Quark coin it's a successful clone of sif coin, sif coin doesn't have enough dev support and today almost die:
https://bitcointalk.org/index.php?topic=240894.0

SecureCoin it's a clone of Quark coin.

FTC was at 12 cents for weeks, it's now floating between 0.55 and 0.70, after reaching a high of $1.40-ish a week or so ago. Quark is at 0.12. Let's see where they're both at in a year's time.

Are does new Quakes-things worth getting?

What is quak coin? A premined coin with noobs worshiping it without even knowing what's so great about it.
You realize that you're on the BITCOINtalk forum kermitcoin fanboy?

Your a moron, hundreds of thousand of $ have been buying quark, i guess they don't know anything about it. who back to btc-e trollbox

You mean like 100BTC. =))))))))))))))))))))))))))
Also fix your English cause it doesn't make sense who bought who back to who

no couple hundred Bitcoins trollface, btc-e is calling, fetchhh

That's not a bad analogy, Quark was instamined just as fervently as FTC was.

People who back Quark are clueless. Quark was indeed a copy of SifCoin. SecureCoin is Quark with a bitcoin-based economy that was launched without the instamine. As it stands SRC is the leading coin in the multi-algo hype-bubble.

Dump your Quark for SecureCoin if you're after profit.

Besides once Quark's mint rate gets reduced to a million a year you can bet miners will flee almost instantly, leaving it dead in its tracks.

http://forum.qrk.cc/thread/406/20-000-qrk-youtube-video

this guy suggest that BTC is an ongoing Pre-mine because it was "micro-mined" from 2009 then "scammed with BFL " > then went to huge ASICS < so who gets the next 40+% of BTC?

and who got the first 50+ % ?

so he want someone to articulate that in a video and he is paying more than 20k QRK  then the huge community seems to want to all push it at Peter Schiff and see what he says ?    

what do you think ?

I'm pretty neutral but do you guys think that BTC is a "Scam-coin"   because no one will be able to obtain it and only few got it at the start ? < meaning there is large risk  /?

just want to get feed back  because i hold some BTC - ? ? ?

nothing like the % of the first guys or the guys that will buy these 3TH ASIC of course but i  purchased mine like everyone else will have to in the future  <except for that tiny minority with 3 and 5 and 10 TH miners>

- so you know  i want to know if i should hold or not ?

Those Quarks are swindlers coins  >:(

Lol... "instamine" usually is just a euphemism for "i missed  the boat and now i am pissed". I am also one of those how missed the quark boat, so what? From that point of view for most people bitcoin and litecoin are the all time worst instamines.

maybe if they did a 200 million quark give away they'd get backers instead of haters

QRK will keep on growing now, FTC was a clone. QRK is superior to BTC in many ways, the ONLY people crying out about qrk are the people that have btc and fear qrk and those that didn't buy or mine qrk when it was cheap or easy to mine.

Qrk fair price is 8c to 20c from there is will grow like all other crypto that have something to offer. I see a 450,000 dump in one go today....that is market redistribution for you. Far better than mining.

SRC is good but actually i believe QRK has a far wider distribution now. Forget the crybabies who didn't mine quark and call it instamine.

The market has distributed the coins better than any mining could have done.  It was dumped by the first miners the moment it hit the exchange, they dumped so hard they drove the price to 37 for months it is now 12000  which is just about it's fair price.

The endless over and over conversatoins about qrk on this board show what everyone is talking about :) 

QRK is a clone too

It was not a clone, it may not have been the first multi algo coin but it was not a clone. Besides that FTC was broken for ages, it had to be altered because any coins cloning the old diff adjust can not be released today. FTC is not that bad but it was a clone and has had to be fixed up many times. Still though qrk is not that different to FTC price even now based on coins minted. That is without taking into account FTC has a lot more to mint.  FTC has crashed in the last few days but i think it will recover.

How many QRK threads will there be on this forum every day lol. EIther it is noobs not searching the forum or people constantly trying to talk crap about it to drive the price down. I know of one HUGE miner that loved qrk....he has obviously sold out early and now decideds to turn negative on the coin. He is regretting selling out cheap, the others are regretting not buying in cheap.  It is at it's fair price now even if you don't factor in the media attention it is getting that FTC never had.

QRK cloned SIFcoin.  Def a clone.  Even down to the number of coins and release schedule.

What's going to happen once all the quarks are mined?  Won't the miners stop mining therefore halting the blockchain and transfer of coins?

LOL i mean quark pretty much shot itself in the foot. ;D

It never stops being mined. Apparently someone can't read.

What's the problem with a 6 month mine? We still havent seen mass adoption of Bitcoin should they have the right to mine or shoud they just go buy some ?

I've been involved here for 3 years never mined a single crypto of any kind should I be angry at miners for getting in first ? Many miners see zero benefit in any crypto so they likely just sell straight away.

 Dev's have a good share ? That's great gives them incentive to continue to develop further.

Word

The reward will drop dramatically. It means that to keep the network secure from a botnet you must keep miners mining. How ?
Nobody will keep mining if the electricity cost will be higher than the reward.
And even if the reward will be higher than cost it will be far lower than what miners can get from mining other altcoins.
That's why Satoshi came up with a halving idea over long periods of time, to allow transactions to grow in numbers and replace the block rewards, and it was a good one.

People invest in a coin and see another coin have wild success. So they feel they have to feed lies about that coin and boost their own coin.

QRK has double the BTC buys at Cryptsy than litecoin and litecoin had a huge lead. People are just jealous that QRK is getting all the success.

This is indeed interesting point of view but look at Bitcoin, if the price of 1 BTC would be $1 then anyone would mine it?

The question is if quark will naturaly achieve the price that will be worth of mining after 247mln coins.

I don't know that, I would like someone who is more into Quark technical details to answer that.

Is here someone?

Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing.

No botnet can provide this much hashpower.

http://mining.thegenesisblock.com/

Doesn't look like that.

Monthly cost for one is listed at 60$.
3000 btc/day x 30 days . 90 000 usd.

TerraMiner IV – 2TH/s

So 2000 Gh/s

One TerraMiner needs 1200W

Electricity Costs ($/kWh) in USA about 15c

If BTC would be for $1 and even I put zero cost of hardware we are on big minus.


I don't know how you did your calculations.

How about you do the math on how much 1200W means in montly cost?
Or , you go to that window on http://mining.thegenesisblock.com/
And look at Monthly Power Costs?

Secondary you said if the price would be 1$. Forever? Not assuming any growth?
That would mean the project is dead anyhow.

Secondary. Cost of botnet: 0. If I might quote:

So assuming that bitcoin costs $1

http://i44.tinypic.com/2s169tl.png

Am I doing something wrong?

If no then you are not correct.
And amount of cointerra miners doesn't count in here in sense of profitability.

http://mining.thegenesisblock.com/a/d2332bc1e8
Monthly Power Costs:   $64.8


You are taking into account acquiring the device.
Well those device have already been paid for. People right now would have the only option to run them.
If you don't run them , you get 0. If you still run them , you'd get a few bucks.

Of course no new ones will be added to the network but those already produced will be there hashing.

I think we misunderstood eachother. I was talking about hipotetical situation that 1 BTC worth would be $1 right now, today.
Couse you said: "Even at the 1$ it will cover the cost in electricity for 1500 cointerra miners , 1,5 PH of hashing."

That's all.

Well , I assumed it will drop from the current price , but every think else would remain unchanged would it?
Of course if we start with bitcoin at 1$ nobody will be insane enough to produce a 6000$ asic :)))

LE:
And even when bitcoin was below 1$ , the network was strong enough to repel a botnet thanks to gpus. If they would have been only cpu mining... hmmm :))

This is also why I assumed that Quark will rise in price couse. Ofcourse if miners will not drop everything down before it reach 247mln. Couse miners are one of the main directors of the price.
So if there will be possibility to mine only 1mln in a year then price also should go up.
But again I am not a specialist, it is just my own try how it might be.

+1


1. Anyone with an opposing view point is automatically a hater, or has a huge stash of some other coin (which I don't.)

2. The thread title is ironic because you guys all sound like the FTC guys right up until they got dumped on, and they all slithered away to their own forums. I understand Quark is not Feathercoin. Quark was (somewhat) innovative in using multiple random hashing algorithms (other coins have used similar methods before Quark), but the economic model was poorly thought out IMO. Only the people that mine in the first 6 months are going to be the ones trying to support and develop this coin. Bitcoin and Litecoin are popular because of their fair release and slow reduction in block reward.

Lets say you hear about Scrypt mining 6 months after the release of Quark coin and you're looking at what you want to mine. If you decided to mine Quark coin, even with 100% of the network hash rate, it would take you 247 YEARS to mine what you could of mined with the first 6 MONTHS of 100% the hash rate (note: the 1million/0.5% anually seems off, is it on a logarithmic or lineal scale?)... Who in the heck is going to sign up for that? Good luck protecting your network from botnets... they have a lot of CPU power.. less so GPU power. Custom hardware like ASICs are a good thing, because they force Botnets out.

we will see - i don't think you think out side the box - bu when your an ASIC communist you can't i guess ?

what r u smoking poochie?

Double Word

The reality is miners had plenty of opportunity to mine this coin, miners although they are in first so to speak get the rawest deal as they handle large quantities at low cost the majority don't hoard but sell for fiat or convert to btc, watching the price rise after selling tens of thousands is bound to make them upset,

Devs are far more likely to hold knowing they can add value by developing both the protocol, services and infastructure - so really the question should be do you want a dev team run on a shoe string or one that can afford to work the majority of time on the coin - the answer is the latter

The reality is quark will gain momentum over the next six months taking 3rd place behind litecoin after being adopted on btc-e within the next 3 months.

These are great points and I agree with 'em all, apart from the speculative worth of Quark coin. Only time will tell on that front.

I think having a strong development team and community behind a particular coin is going to be what sets them apart from others. A lot of these coins that pop up have neither and I ask myself what the actual point of them is, or what people see in them other than an attempt to get rich quick.

it is exploding right now

Yea, Luckily I bought some when it was low :D To the MOON :D

In my opinion both sides have valid points:


pro:
- premined or not. 98% of all coins within 6 months seems to be very short. Maybe halving after 3months instead of 3 weeks would have been more appropriate.
- the reward after 6 month might be a little low. Anyway, there are still 12 quarks as reward. Without many new coins the price per coin could raise faster than in other altcoins.
- distribution of the coins is different: Maybe more through trading. It depends how the miner believe in the currency. Strong believe -> bad. Just mined for quick profits -> good!

contra:
- Bitcoin seems to be premined, too. Although it was the first one. Attention just has to grow slowly. Satoshi had no idea how the attention and price will grow. Halving in 4 years is a good approach, but we know that the inventor (and maybe a couple of other guys) might have a large portion of all bitcoins.
- Quarkcoin can still be mined by CPU, while noone has a change with Bitcoins. 
- QRK has a great logo :)


Pro/contra:
- ASIC-mining could also be seen as a network strength, because an attacker might have problems to aquire the 50%.
- when everybody mines CPU, would it be profitable for normal computers? I don't think so. If I run my notebook (4core) 24 hours at top speed, I can only make a few cents profit a day (without abrasive wear).


20 times more coins. 1/1000 of price would be fair, so 1$!

QUARKcoin (Ferengi character from Star Trek) Ferengi profile - "They and their culture are characterized by a mercantile obsession with profit and trade, and their constant efforts to swindle unwary customers into unfair deals."

QUARK has nothing going for it aside from the number of people pumping it.

Is Quark dead?  :o

I think some people think in patterns that cycle too short -

in fact this is the proof that Quark is not a monopoly, i could not say it back then but if Quark had of kept climbing to where LTC was or beyond i would have been highly suspect.

and i would have know that something is very wrong at that time.

simply because the free market model that can better only fit Quark because of its unique design would have been broken, so there must have been some other force at play.

which is all but impossible, so the decline from where it was to where it is now of course boosts my confidence in these models.

the cycle is working how it should.

Not in the least.

Stand in front of the mirror and ask yourself similar question.

Is it dead now?  :o

Quark is dead , no volume coin.

It depends how you look at it"

You're a bagholder and writing for other to see... it's stable
You're a bagholder and you look at your stash.... it's going down every day
You're just observing it from the side , it's dead.

Lol fucking lying bagholders

Bingo. I missed the boat on BTC. When I started using it, ASIC was the only way to mine and buying ASIC was risky because a lot of vendors didn't deliver for months if at all.

So any mining of bitcoin for me was out unless I was willing a risky investment in ASICS *and* risk joining a mining pool, where hacks have happened stealing what was mined on several occasions.

I missed the boar on quark too but at least I can still mine that now.

I go to the main bitcoin forum and read threads like `gentlemen, we are the new wealthy elite' and realize that Satoshi's vision is being shat upon.

The way I see it, is this coin dead, there is no volume and there is a lot of "lost" coins.
There is no interest in the coin, and the technology is outdated.
Buy ether instead, at least it has a cool name, and intruders can run on that fuel too. 

how is 6 months an instamine?
Have you been to the ann-section lately? Oh yeah, comment from last year ... see how the times are changing

wait a minute ....

wait a minute ......   

let me just....

$7.36    HA HA HA HA HA

how big is your bag sucker ?

"LTC to $100 !!1"

i love how recently when there is an argument between the real crypto's a nxt (or other) IPO scam currency sock puppet always tries to "lean in"

{no guys listen to me, i mean its good right ,,,, right guys....}

{i personally bla bla bla - but what about Ethers all the guys down at the coffee shop bla bla )

{bla bla - that's a good point but NXT Bla bla and Ether ..- WE  DIDN'T SELL IT ALL TO OURSELVES ! "  buy it because code}


i never predicted that. 

carry on.

LTC/USD  7.34 HA HA HA HA HA

no, but all jokes (and me laughing at you) aside.....

do you really think LTC will ever see the highs it was at ever again?

i mean Bitcoin is heading for some sort of obvious calamity, LTC is just getting started with the monopoly comedy , I'm just after your personal opinion ..

cut your losses or double down?

genuine question.

LTC is dead too. Its a scam coin like all the others, devs are lazy and do not want to work, they just want to get rich for free and they also down do computers to much.

Does Quark and FTC have hope?

Any decentralized system has a future -:

lets look at the contestants :

1. Bitcoin has a Meme (kind of like Doge) that's getting old now. - its the "GOld" VC capital meme .

2.  LTC is in the same situation but better a little better distributed but has no "Meme" except "we are the silver"

3. FTC is taking action to try to stay decentralized  (admittedly its a shitty looking algo that will me "CPU only") 

4. Quark is decentralized with a well known PC algo that is low voltage and well known - also no one can gain a monopoly


so :

1. Walking corpse  (Bitcoin)

2. Heading for the cliff (Litcoin)

3. Actually doing something and taking action  (FTC) (no EQ but) (fee's "meme")

4. designed superior already, has a free market. (Quark)

6 to 12 months is an eternity in Crypto as you know.

the only reason i'd hold any BTC at the moment is the

"bigger fool" theory -

Basically Tards are Lego people and the "TV" will convince at least some of those idiots to park their cash wealth in this centralized comedy  -

if its not immediately compromised as it goes past a certain valuation ( but hey,  how could we ever know ) ( that's part of the magic right? : D) 

we will see that in the event of likely economic calamity, they will move to the "Meme" they know.