Bitcoin Forum

As you all know, Blackcoin can no longer be mined, well guess what think again Some Awesome people set up the first multipool for an altcoin! so if you thought you missed out think again! http://bcmultipool.com/ 1.2gigs and growing! come get some BC!

main thread https://bitcointalk.org/index.php?topic=469640.6620

The FAQ is misleading.  It says it would be hard to push the price of BC down because there will be too much buying from the multi-pool.

This is based on a huge assumption that a minimum number of miners will always be available to hold up the price.  Nothing prevents miners to pull out of the pool after selling.

Without any real demand, it's a game of Russian roulette until the price begins collapsing.  Just another method of pump-and-dump.

Till mooltipool have hash power it won't collapse price will be rebuild it will take lessor more it is only matter of time.
You can store wealth in BC is time will show how far we can go.
With BTC miners cause inflation in BC only owners can push price down.
BC 1% inflation is going direct to holders and price is not affected by miners.
If miners are unpaciet they don't want store wealth in BC this is not good investment for them.
Typical pump and dump have mechanic u buy low push price up sell big amounts
then when price is down you buy from miners on low.

IN BC is impossible because all BC was mined out new won't be produce at eg 1000sat lvl with lower difficulty to re-buy coin.

This process have different mechanic than typical P&D.
BC isbetter to store wealth than many other coin especially POW one.

Price allays depends on supply / demad. Here supply is depleted limited you just don't have new coins at mined at low difficulty.

When all want cash out at once there is no coin / bank who can survive it without price drop to 0 Sir.
Mutipool just give basic supply and stabilize price to buy all new production 2000BC today you need 0,06BTC/Day...
In same time to buy Doge you need 560 BTC if all are selling.
On Doge is higher Demand ofcourse and it can keep price but they need 10000x bigger demand than BC.

Every coin started somewhere BC started it journey to now maybe you see low adaptation not many services but BTC/LTC have similar start.
I belie that BC can be part something big in future. Transaction POS speed 5s-15s - this is superior feature.

I think this innovative idea will be the start a new trend in Altcoins. As always those who don't understand will criticize. We will know shortly whether this Multipool experiment works or not. Meanwhile, Blackcoin continues to rise.

I dont undestand how can we mine BC
I thought all BC mined 2 weeks ago

You could do this for any coin. You could have a multipool pay out in PMC or MINT or any other non-mineable. Good for the operator, set a nice fee and get paid by lazy miners who don't know how to trade for themselves. Smart investors will want to watch the hashrate of these pools.

New multipool that pays out in Mintcoin!

Check it out: http://mintpool.us/mint/index.php

I would say it needs at least a month to figure out. The price swings today on BC were crazy. The purpose of the pool is to push the price up slowly and steadily long-term. This of course requires miner (investor) cooperation. If BC is holding steady at 5000 satoshi 30 days from now, we'll know it has been a success. Some people are expecting it to go there and stay there overnight.

I agree. A few ups and downs to get bag holders out and then I think it has a chance to steadily grow. If the mining community stays.

this thread is for blackcoin take your copycat shit and make your own thread.   ::) this is where it's at  ;D http://bcmultipool.com/ in beta mode atm

Great post. It will be interesting to see how the pool is doing a month down the road.

One thing about the multipool: you can likely make more BlackCoin mining the coins on your own and converting your coins to BC than you can in this multipool. It will take more work as you have to find the most profitable coin, switch coins when needed, and do all the exchanging of coins yourself, but you can usually make a bigger profit this way. Multipools are essentially there for convenience and are great if you are lazy and don't want to have to always be tracking the prices of alts and seeing which is the most profitable to mine at the moment. I have also found with a lot of the multipools out there that a lot of the time they don't even have the most profitable coins in their rotation.

I want to point my miner at this but cant dl the windows wallet, it just shows the picture like its going to start downloading and does nothing...

When the multi pool will open? My miners are waiting !  ;D

Blackcoin is a blackhole that absorbs other currencies because it does not need mining power it can mine other coins and sell them for blackcoins.

So funny to see how many clone coins tried to clone the multipool but still can't. Features are not as good and they don't have nearly as many miners.