You are forgetting a lot more miners are jumping on these coins lately as well. Most of them don't care if they sell their coins for a pittance, so long as the effective profitability is higher than mining LTC/BTC. That in itself is a huge reason why prices are dropping.
this |
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Quick/Dirty, just create a seed node that only accepts incoming connections from the .xx country code on the coins ports...
can by fakes through proxies. |
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back up the FUD truck we have a full load in this thread.  |
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If it should it will.
Relax I dumped my WDC early, cause I knew there were millions of them and that the coin was just too fast to be secure . (I think they have an unwanted fork on their hands now).
I am not selling this one .
People werent selling that much even here. Price will rise. Steadily and naturaly. (not like WDC initial pumps)
I haven't sold any WDC yet because of people like you dumping below it's price. DGC is almost identical to WDC so there are millions of DGC out there too for you to dump. Please go mine BTC where you can do little harm. Getting the price wrong on launch can set it back weeks even months. not exactly the same. one is coded better. You are wrong, just about 300k of DGC have been mined. I am sorry but I did not believe in WDC. Just my view. DGC is just a WDC clone that's why the prices are tied to each other why would anyone buy pretty much a copy cat for .003 when they can get WDC for .0005 |
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Also, if you had your way and it was linear -- there would be no reason to mine anything but BTC, since they all would produce the same amount of money in the end.
And your numbers for FTC are off, so much for simple math..
200 x (3600 / 50) = 14,400 Coins per hour
Correct, the only difference between the coins would be the energy required for SHA256d vs scrypt, and the good will component of each coin. That's why the majority of people only mine BTC, and are seeking to reduce energy costs via FPGA/ASIC etc. Doesn't stop my table being a useful guide for relative values to show people just how far out they were with DGC price. except you miss the glaringly obvious variable of coins circulation. |
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For those noobs that don't know how to do basic arithmetic to work out how much a coin is really worth relative to the cost of mining it, here is a table.
Coin Coins/block Time/Block(secs) Coins/hour Value vs BTC $USD
BTC 25 600 150 1 $125.00
LTC 50 150 1200 0.125 $15.63
DGC 20 20 3600 0.0416666667 $5.21
FTC 200 50 4800 0.03125 $3.91
CNC 88 60 5280 0.0284090909 $3.55
WDC 32 15 7680 0.01953125 $2.44
lol LTC $15 -- good luck with your pipe dream. It's attitudes like that which distort the market. If you don't understand the basic arithmetic then ask or leave. you are not factoring in the amount in circulation. If I own a company that issues 1 share a week I think its pretty important for my shareholders if they in total own 1 share or 10 million shares. the rate of coin generation is only half the equation its also the amount that is currently out there. but as others have said it is also based on demand. I million coins is worth one value when there are I million people buying it and worth another value when only 10 people are buying it. |
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A centralized scam.  +1 |
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Sweet, there're already buy orders at 20+ LTC/k.
Infinite DGC/BTC Radio xD
the longer it has problems the higher the bid price will go |
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sent a test 300, an hour ago, still nothing
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With coin releases slowing down to 1 every few days, slighty more than befor the mania id say we have weathered the storm
you think the storm is over. It's only just begun  |
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Neither offer any benefit. Transaction confirmation's are only needed for big $$ transactions, otherwise the transaction is instant. A business just needs to have software to check for double spends. I can transfer Bitcoin into coinbase right now, and trade it away within 1 minute. All Digicoin did was try and mimic the fair start of Nibble and lower the transaction confirmation time.
doesn't coinbase assume the risk if the transaction does not confirm. besides they processing time to a fiat bank account still takes time. longer than it should really, so all coinbase is doing is offsetting the confirmation time to the bank account processing time and in their terms they can roll back any transaction at will. |
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just set your sell orders at your desired profitability level. if they hit you get the exact profitability you were looking for. you sell at the market rate then you get what you wanted to really sell for.
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You lost me. What does this have to do with WDC, a scrypt coin ?
Scrypt still uses SHA256
There is a difference between SHA-2 (256) and SHA-3 (256). Check the table a bit more. lolwut? think you missed the context of his question |
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Yes, YAC had some changes as well, I guess that is worth mentioning.
Let me kill WDC a bit more.  Bitcoin and all cryptocoins that originated from it but kept hash function (NMC, DVC, PPC, IXC, TRC, FRC) are using SHA-256 hash function which belongs to SHA-2 familly and all those cryptocoins can be mined with currently available ASIC chips. SHA-3 used in YAC is different familly, it can't be mined with the same ASIC chips used to mine SHA-256 coins.  You lost me. What does this have to do with WDC, a scrypt coin ? Scrypt still uses SHA256 |
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lol, first its Cryptsy, low liquidity exchange. Second look at the order book. Classic pump and dump.
lol. I know dude. Just joking, at PWC all in good fun. I need to change my script. I'm going to pull prices form bter, btce and mtgox from now on. I can't have rigs jumping on these numbers. |
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lol, first its Cryptsy, low liquidity exchange. Second look at the order book. Classic pump and dump.
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