Bitcoin Forum

The pre-mined quark is all mined out. living on borrowed time. let's inspect the facts.

http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html

32.22% held by 4 people.
77.86% held by around 300 people.
past 24 hrs less than 900 transaction. (probably ALL from exchanges and that group that owns 90% of quark network hash)

network hash rate a 750Mh/s  5.2% orphans.

you tell me that you cannot smell the end?

People, Quark will drop like a ROCK before you know it.
Invest in a coin that has a much longer life!

1 it was not pre-mined and

2 it is not mine out.

not a good way to start your coin bashing.

much more affective if you criticize a coin with things that are actually true, plenty of negative things to say about quark that are actually true you know.

that's why sharing and active trading is good for any coins and not huge stack holders :O

Megacoin has dropped just as badly ... it's community is nowhere near as large as qrks. You are a noob who missed out on qrk nothing more. Your entire crypto wealth totals a few qrk at best. Stick to cents they are the coin for you.

When can we ban these fucktard noobs who spam the board daily ... this is the 3rd or 4th thread on this today from the same moron.

The fucking noob crybaby has no clue.

The distribution of qrk has been done to death.............

It's distribution is no worse than BTC LTC PPC etc  they are all pretty much around the same..

That is why you need to turn to Qubitcoin,also cpu minable,secure hashing,same total supply,big community, price steadily rising,soon is block halving so price should rise even more.

Hi,

This is Bill Shill, and I'm reporting on the economy.


 :-X

You sound scared, I wonder why.


The block halving worked soo well for doge, after all  :D

I'm scared because your mother wants to go another round now fuck off with your dip shit comments fucktard. I am spelling out facts nothing more.

There sure are a lot of facts in your posts  ::)

I must not be of sufficient intelligence to hold a serious conversation with you. Enjoy the bag  ;D

I'll tell her you called her that. LOL

funny no one questioned about the low network hash, low transaction, and over concentration with no action.

that's when you know the facts are true and death is near.

Because your a piece of shit troll, nobody gives a flying fuck about you. You have been trolling Doge the whole day too and tried to pump your shitty ass megacoin.

I dont know about those things, would take time and afford to find that out, and frankly I dont care, but since you started out your bashing with claiming quark is premined and mined out which I know not to be true you dont have much credibility at all, just another guy who will say whatever to bash coin x and praise coin y.

here's a clue

low hash = most coins are mined now....  too bad you missed it, you had months to mine you were too late.  Notice mint and black were mined out in days.... quark gave you months.

low transaction = most people holding their coins = not selling that's why the market price means NOTHING... when whales decide to empty 50 M or 100M on the market then worry... not over a few 100k that are getting cycled around.

over concentration = that is your gene pool ... qrks concentration is no more than the other top coins.

Another thing people miss out on considering is ..........to the mainstream public, they could not give 1 shit if a noob wave of miners didn't make it in time to mine qrk. The crypto community is fucking micro sized, the distribution within that speck means nothing to mainstream services or uptake.

However AGAIN qrk is no more concentrated than many others of the top alts and btc so again you look retarded pointing out this fact over and over again.


So forget your crying....i'll give you 1 qrk for your empty wallet if you promise cry else where.

Provide some facts that don't apply to many other top alts and stop crying how good megacoin is and how you believe qrk to be.

The fact you can not work these things out for yourself displays just how moronic you are.

Qrk does need to address low hash in the future and perhaps intro POS. This is working out fine for others so i guess they will when they think the time is correct.

That's the problem with most of these coins that have a short mining cycle the coins end up in too few hands.

That's the problem with every crypto. All have extremely small communities and although we argue about short mining cycles and such, the outside world doesn't care. Quark was a coin that got hit with a huge negative smear campaign because it was almost fully mined by the time that it was worth a lot of money (first time there was a coin that miners couldn't profit off of that was actually valuable).

Quark needs to step up promotion (actively getting new users from the Doge camp)
Quark needs to step up development (THIS is the reason I won't invest more in it)
Quark needs to solve its network problem (scary that your money could be wiped away at any moment, and it may make sense for the Foundation to pay the electricity to mine Quark's themselves until the price is profitable for a larger group of people)

Nothing to do with this, it's just early adopters advantage. Early Litecoin and Bitcoin miners have the same advantage in the first 6 months. Quarks mining fase in the beginning was even harder than primecoin. See the comments below which were made on July 22 on the official Quark topic at Bitcointalk, 1 day after it was released. Miners need to stop bitchin on every coin they miss out.

- "there was no instamine. I mined my first block at around 300sh with my little Xeon cluster, and it was already pretty hard to catch a new block. It was much much easier to get Primecoins for the first three days with the same cluster."

- "I got about 100k in the first hour and another 100k in the next 12 hours. Not really instamine. After the first hour the difficulty drastically changed things. Considering blocks are 2048 coins thats not that many. I did the same with YAC, and XPM when they came out."

Yes, that is actually a big problem............. however miners dumped their qrks for 30-100 sats for months... anyone could get some qrk in their hands if they chose too.

I guess it's like anything else in life you can buy or leave until it is too late... or else you can hear about it too late and then you have missed out.

Same goes for most things..... apple shares, anything that suddenly rises in value.

You will find though that even coins WITHOUT short mining cycles tend to end up in the hands of fewer people than you think.... if any coin starts to rise whales march in and buy or mine it all up.

If you want something given out equally maybe fair coin or coin2.... although again if you missed the give away it is gone now. However is still very cheap... can buy tons for a few LTC.

I like doge, qrk, ltc , cgb, dmd, basically i like a lot of alts.

QRK is totally misunderstood by most people, they hear the noobs crying how unfair it all was and spread this shit. QRK was just as fair as most other alts... 1 i mined tons on a few i5 home pcs, then sold tons at under 200 sats... then mined a load more. It was not that hard to mine for weeks on end.

So you could mine or buy for nothing for MONTHS... can't get much more fair than that.

Quark did do things in an unfair way, they set start blocks to have 2048 coins a block and blocks are already down to 1 coin a block. I'm guessing this is what people refer to when they say premine and explains what this chap means by mined out. They coded this coin to give them an very strong advantage early on and then made sure these coins become rare quick. This ruins it for many people, what do this to something different and unique. At least they have left an alternative hashing for others to pick up and use, this is their real contribution.

This is with every coin, the first 6 months with every coin give you a strong advantage. After a while things will get lot harder to even roi. They where mad they missed the opportunity which was there for 6 months. I didn't mine any Quarks i bought them and i don't whine. Afteral the majority won't mine Cryptos, it's too complicated with much maintenance for the average joe. You would be better to just buy it.

It is with Dogecoin, ProtoShares, Infinitecoin,  Mintcoin also. Do you also consider those coins are unfair?

Don't feed the troll and the thread will die.

Well as I mentioned before Qubitcoin is next Quark...dont miss the ride,you can still jump in.

Noone knew about Quark in the first 6 months, therefore a small amount of people own most of the coin making it potentially VERY UNSTABLE no matter what anyone says.   

Great to hear. The early dumps by miners led to a pretty wide distribution. Also, while many aren't fans of Bill Still here, you cannot deny the effect he has had on the coin. Ignoring the huge pump (investors trying to manipulate the market) after he endorsed the coin, he has put so many crypto-newbies into the Quark camp. A ton of his viewers have small (100-1000$) investments and they are the grassroots that crypto needs. I just wish they understood the coin better..and I wish Bill understood better.

Additionally, some people think that the coin was mined by very few, but if you look at the hash rate, there was a lot of mining power going into this coin at all times

You might not know quark in the first 6 months. But it doesn't mean anybody else didn't know.

Those other coins did not do it to the degree that Quark did.  In fact Quark claimed this was an advantage, so I don't know why people try to bash people who point out the very front loaded block rewards for mining.  It's not premine, it's not instamine, but it was damn unattractive to later arrivals, good luck making it work!

it is poor decision making, that's what it is.

once a coin cannot be mined, the only way for the mass to have it, is trade it.
or giveaways.

Quark will be the first coin to die. and we will witness it soon as one day, one large wallet realize they need to cash or never get anything.


maybe that's tomorrow.

Quark can be mined forever.  1 million / year.  Not 1 year, not 5 years, not 20 years...forever. 

Most coins hit a hard cap and done.  Bitcoin will have long ago hit 21,000,000 and never a new bitcoin made...while Quark will still be mining along at 1million/year.

at 1st i heard about Quark beiing premined but i made my self research and it wasn't people speaards FUD it is just
crying i think quark was fair.
Quark just started new era of coins fast distrybuted promotin early adopters buyers than later on...
In 6month none cares about quark price 200 then when it get attention all cry premine but i should be
i missed train f.u. scam coin. quark was fair.
Not fair action is like with NXT which ~73% of all coins never touched exchange here all was on exchange but noone cares.
No others spam quark clones...
Quark start new type distribution but i wasn't unfair, i don't own even one quark but i can't blame that coin for that it has different distribution.
Almost all coins hitted market... Coins were selling for nothing 200-50 sat then when price rised and it eat some market share for other alts like LTC flame started
just because Quark made those coins less profitable and miners are trying to defend their coins and spread FUD.
But when you investigate problem mostly all is just flame of jealous miners who missed train.

Quark like other coins is fighting to survive with other clone Cryptos market currently is flooded by trash.
Some of those coins are different it is hard to find that hidden gems like hmm DRK,ANC,BC,HUC,DTC,FATE...
Those Xbilion script coins are spawning around like zergs zerlings to eat BTC...(ah and those premines...)
But in reality 90% of new coins don't brings nothing new they just lead Quark and other crypto down.
Exchanges like cryptsy,mintpal,cryptorush with paid votes help even with those premine scams this is real problem of new alts coins.
At least on BTC usualy ane more unique coins on which is woth take some attention.

Quark won't die as many (script-miners wants) low price doesn't mean death people :D...
This is market price once go up once go down.

Same thing happening with Qubitcoin,dont miss the train  this time. :)

Let's compare Mintcoin to Quarkcoin.

Mintcoin:

 - 30 seconds block target
 - 100000 - 900000 coins per block initially
 - PoW payout will be halved every week for the first 5 weeks
 - After 5 weeks, the PoW payout will be fixed at 1 coin per block

Quarkcoin:

* Quick block generation: 30 seconds
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK

Would you agree that the reward per block of Mintcoin decrease faster than that of Quarkcoin?

Part of me thinks the only one still mining quark right now is botnets, and they only do it because it's free. The hash rate is what, 800mh/s? From 3.5gh/s at a peak?

Quark hits blocks at 30 second intervals, right? Reward is currently 1 coin, and there is hardly any transaction volume. So, the miners, all miners, must fight for 2880 quark coins in a 24 hour period. That is $112 dollars a day, right now, for the entire network. Who mines that? There's hardly any transaction fees to collect, either, if there even were fees. Numbers do not lie...

http://bitinfocharts.com/quarkcoin/

So why is the network going to stay, other than speculation using free hardware and electricity? Those guys have no loyalty. If doge can steal so much of litecoin's hash rate so quickly, you'd be insane to think it couldn't happen again. Your coins aren't worth squat if you can't move them. Who is going to step up and fill the gap when/if it really starts to look bad? Why would they, when they could just sell out and walk away? What other person not holding quark would front the cash for hardware? What would there reward be? Are you going to buy mining hardware, and run it for free, just to attempt to reverse an ever sinking exchange rate?

I don't think the coin is broke, but the reward model is. Next closest thing to premine, leaving absolutely nothing for people in the future to work for. At some point, you will likely be vulnerable enough to be trolled by tiny botnets and server rentals, just for the fun of it.

So, besides the "your mother" and "lol miss the train" replies, does anyone see a flaw in my logic?

I would say it is the quark community which supports the network instead of botnet.

All I know is, if I had quark I'd be mining still. But, from my rather quick understanding, a 290 will get ~1.6MH/s mining quark. So, that's the equivalent of 500 r9 290's controlling the entire network. I'd bet there are farms out there with 250 or more r9 290's in one building!

But who pays ~$450 (500 r9290x250W/1K*.15/hr*24) to earn $112 bucks? How can you take a coin serious, if you can bring it to it's knees with $225,000 of hardware? (290@$450) Especially when that hardware is already out there at a much larger scale?

If anything, quark is highly overvalued considering the strength behind it. You say they support it, but I don't really see it.

Does anyone here mine quark? Mind showing off your equipment?

Quark's network is an issue - there is no denying it at this stage. However, this is in the process of being dealt with. The Quark Foundation has already completed a fundraiser to obtain money to start a Foundation mining pool (http://www.quarkfoundation.cc/projects/). This is planned to be coupled with an auto mining wallet tied to the Foundation Pool, which uses 5-10% of the cpu's processing power of the host computer to mine while the wallet is open. As Quark's adoption improves, there will be a higher average number of open wallets, leading to a higher hash rate. The Quark community is actively looking to remedy the issues - we are still only 7 months or so since it's inception.
Vic

Interesting, I did not know about that.

But, if it is a mining pool wouldn't it make more sense to have each wallet running as a full node? You are going to end up with a huge centralized pool that way, right? It's not like there's much to be made mining anyway.

I still don't agree with the reward structure. Makes no sense to have no reward 7 months in  :)

I think PoS is very good idea to secure the network for qrk.

Exactly, only 7 months... Was this not predicted?

I'm relatively new to the community - I can't speak to whether or not this was identified before a couple months ago. I do know that there are steps being taken now towards resolution. I also know that many newish coins seem to be having teething issues - doge (current mining issues, lack of cap), huntercoin (using old bitcoin version originally used for namecoin), darkcoin (darksend still not fully implemented, kimoto gravity well exploit, etc). Yes some of these coins are substantially younger, but the point is that the communities are all dealing with issues as they arise. Quark has its own issues but they are not a death sentence - they just require some ingenuity.
Vic

requires a miracle, that's what it needs.

I'm not a dev so I'm not sure about the full node idea. Yes, the network will be a bit more centralized - but in the hands of a community that is protecting the coin. Also, the Foundation could always cap the hashrate in their own pool to ensure some decentralization. As valuation increases it would be easier to set up more pools, etc. Obviously that would be more long term.

The one thing is that although mining rewards are low - it creates a low cost requirement for value upkeep. This means as an investment coin, its kinda nice, as miners can't dump and devalue it. Its speed could also mean it might be more amenable to use in point of service machines at tellers.

Vic

the network hash rate is now basically upped by the few members of quark now, cause no one wants to mine it.
even then Quark price drops despite members 'protecting it'.

mining quark doesn't pay electric bill.
Let's see how long that lasts.

capping hash rate drop network hash further.
You really don't think it is over?  you delusional or something?

If you cap to a percentage of the network then have the other wallets join other pools you would not drop the hashrate.

There is more than a single way to do things. Different implementations may require different solutions.

I love this forum for a number of reasons - usually when we get these tards yelling negatives and trying to pump something it for me signals a bottom.

as i said we are just 1 month in to the 6 month stabilization period , but if you suckers are already out of powder that heralds great things.

however i don't think thats the case just yet.

having said that its always good to follow the trend of an idiot on a technical forum.

1mth from now quark be dead you tard. lol.

really?

is the inverse also true ? and will that mean Quark will be alive in one month?

Looks like everyone forgot to mention that Darkcoin basically makes Quark completely obsolete as well.

- similar algorithms for both
- much better block times for Darkcoin instead of Quark's invalid 30s blocks that anyone who understands crypto knows is a horrible choice
- 75 year distribution or more for Darkcoin vs 6 months distribution for Quark
- better features (anonymous transactions) for Darkcoin

all up to you.

Do you even know what distribution means? "The action of sharing something out among a number of recipients." With Quark, any coin really the distribution process is for ever. Because it keeps changing hands. Also i don't see a fully anonymous really taking off, it will get to deal with regulations. Quark is still the best and first major multi algo there is. Read below in comparison to drk.

"Darkcoin in terms of hashing functions it is a combination of Quark's 6 hashing functions and Qubit-coin's 5 hashing functions, so in total Darkcoin has 11. Five of Quark's hashing functions (Blake, Grøstl, JH, Keccak and Skein) were the finalists of the NIST competition https://en.wikipedia.org/wiki/NIST_hash_function_competition
But Quark is using 9 rounds of hashing: while using 6 rounds from Blake, Blue Midnight Wish, Grøstl, JH, Keccak and Skein it adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be Keccak or Grøstl or Blake. And that's one of the uniqiue beauties of Quark. Unfortunately, Darkcoin or Qubitcoin don't do that: the computer remains certain about which hashing function will be used.

In addition, Darkcoin's block generation time is 2.5minutes (150seconds), while Quark is 30 seconds. Which means that Quarks algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, while for Darkcoin this window of opportunity for the attacker is 5 timeslonger: 150 seconds with no element of randomness. If you take all these factors into account, Quark is still the most secure - it's not only about the number of hashing functions."

its all for you Damien!

I'm sorry... but were you dropped on your head as a child?

I was one of the first cpu miner where the quark blocks were about 2048 Quarks per Blockfound. I can say that all was fair and I got my Quarks without any problems with the quark wallet or something else. The Mining was very fair! Unlike MaxCoin and other shitcoins were unfair, you couldnt mine it. I have about 100k Quarks and could make about 35k $ and I dont sell my Quarks, because I thought that the rally only is on the beginning, but then all Coins went down during this crysis time of BTC. What I think in lately 2014 so in December/November the problems of the exchanges will be solved and trust in BTC will grow again to a new high!!! And what do you think will happen to the other AltCoins ? The value grow with bitcoin together and all who trusted in this fucking altcoins will make the best profit.

http://cryptmarketcap.com/


Quark down almost 20% in the last 7 days.
the public now knows it is a scam.
a dead scam that is. Pre-mined to oblivion, orphan blocks riddled with no network security.

value will just keep dropping. 798.605 Mhash/s network hash.. and THAT pool is like 95% by the same group.

if there's a dead coin, it will have exactly these stats. 

Then turn to Qubitcoin...also secure hashing cpu/gpu minable,current block reward 256,without premine...soon on mintpal,price stable. And most important big community.

yep and you are a typical USD$ bag holder, a rockstar in your own mums basement.

price moves up price moves down, crypto is what is , you get all excited about it like the little kid you are.

the sky is falling, go play with that guitar where you press the buttons and it makes guitar sounds.

i'm loving this price,  you mental midgets are easy, if i say one thing you try to do the opposite its like playing with a monkey.

I am actually watching Quark with very closely now.

I would like to see how the market reacts to a 'mined out' crypto, up til then, there were just speculations about what happens.
either people say,

1, it will go up cause more scared.
2, it will go down if not properly distributed before this deadline.


so I am watching with a curious mind.
I think the whole market will be too.
regardless i think we all learn something.

I remain total neutral on this issue for now, for science.  :)

a good stance - science is helpful.

We expected 6 months for mining distribution , then a further 6 months for price distribution, attacks etc etc. FUD , these USD bag holder all expected, in fact we need these idiots, if the price had of stayed higher after the exuberant period which we could call the "Max" exuberance, the only people holding Quark would be on this mining forum, that is hardly a good distribution. .

and as there are so many USD banker tolls and bag holders here who's aim is to try to in some way pathetically "inflate" a decentralized system.  (ha ha )

it would never be a good outcome and then there would need to be more than 12 months to try to get distribution.

but as it turns out, these idiots are very predictable ; D 

so we are now only into month 1 of the 6 month price distribution, and I see everything as vector, we have Quark as a brand in lot of former unknown sectors the Shaq Game and many more new merchants, the Mobile wallet  etc.

About where you would want to be for month 1.

everything else is noise , but its important to egg these fools on also. i just hope we don't get attacked it would be the end !