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11961  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN] mcxNOW.com : Deposit. Earn Interest. Trade. on: September 14, 2013, 02:21:18 AM
The revenue shares now value mcxnow to 60000 BTC, bubbles are fun!
60k btc is alot of money, how many shares are there again

100k shares would make company market cap of 48k btc or $6.67m

Quote
How are you trying to find the current market value of these shares. I have a feeling they are absurdly over priced.
Alot of shares are over valued nearterm.  The estimate of growth is what makes them appear expensive.  So I dont know if thats justified.

Lets say this is the annual turnover
Quote
So from my calculations it will take 2.5million BTC in trade value to return 0.1 btc.

2.5 million x 0.004 in trade fees = 10000 btc x 0.00001 per share = 0.1 btc.

Thats 6849 BTC processed a day or equal trade in other coins.    It would value the company about 4.8 PE which is quite reasonable so can they realise that amount of trade.
Also there is the issue of costs, all shares are equal but it would be unusual for an owner of the majority to just cover out of pocket

Quote
mcxNOW has begun redistributing 25% of all profits directly to its users
So this is a cost.  Its then 7500 BTC between owners and its still ignoring other company costs. So thats 6.4 PE projected and if the above figure was right its about double that now 13 PE isnt a bubble quite yet

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11962  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: September 14, 2013, 01:09:00 AM
Seems to work, I received some more today.  The question is about getting hung up on long blocks, unlucky while other coins pay better as any residual mners have no chance of finishing a block really
LTC compares well mostly so I think its ok  to wait to switch till finding a block, whats the longest a block has taken us recently
11963  Bitcoin / Bitcoin Discussion / Re: Stop saying Bitcoin is good for money transfer. It isn't. on: September 12, 2013, 07:10:20 PM
He doesnt even need to transfer the BTC just tell his uncle over the phone the password.  His uncle then assumes control of that account immediately
11964  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: September 12, 2013, 03:28:49 PM
I have LTC balance I need to add/clear for withdrawal.    LTC favours slower ping times over the fast block coins, so some will prefer more then others
11965  Alternate cryptocurrencies / Altcoin Discussion / Re: mcxNOW Fee shares : Cryptocurrency daily earnings on: September 12, 2013, 03:08:18 PM
Is it too late to email for shares pity I never saw this topic bumped before

11966  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple starts to conquer the world from China on: September 07, 2013, 03:16:43 PM
How is ripple secure if nobody is mining/hashing it
11967  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Spots [SPT] NEW LOGOS | USED TO BUY GOLD AND SILVER | Win | Mac | Linux | on: September 07, 2013, 06:24:15 AM
Is the metal USA only for now
11968  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Fastcoin - FST - The Fastest coin so far in the market - is launched!! on: September 06, 2013, 11:59:00 PM
Impossible to solo mine I guess
11969  Bitcoin / Pools / Re: [220'000 GH] BTC Guild - Pays TxFees, Stratum, MergedMining, Private Servers on: September 06, 2013, 10:01:40 PM
Why can't you log in and do a manual payout like everyone else?
Theres a minimum set, Im just asking as a one off closing transaction to clear BTC and NMC balances.   I dont think it'd go very far towards one of those blades though I like the idea of continuing to mine in theory
11970  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin Price to hit $25? on: September 06, 2013, 03:03:25 PM
If it lasts long enough, inflation will make it a certainty.   Wont mean its worth any more, because the price of everything is set to rise considerably

Sterling halved in less then twenty years.   At the rate they are printing now I think ten or even less is feasible in dollars, sterling many others.  yen lost 25% since xmas, someone post LTC paid out in YEN
11971  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: September 06, 2013, 01:25:01 PM
Quote
FWIW, I'm showing a profit of 0.021 for the last 24 hours with ~1.2MH.

middle pays around 0.01 in 24hr  if you get lucky with 600kh.    So your figure is quite similar, they often pay less then that because of the high diff mixed with fast coins though you'd be ok with a faster setup maybe


middle mines LTC afaik, right now they show block diff of 61m     One of the highest diff they show and I believe that is because it is LTC
11972  Bitcoin / Pools / Re: [220'000 GH] BTC Guild - Pays TxFees, Stratum, MergedMining, Private Servers on: September 06, 2013, 01:13:16 PM
I dont own any ASIC but Ive accidentally left some BTC in my guild account.  Any chance I could close my account and get the balances cleared.
Unfortunately BTC has progressed beyond some of the older miners ability to earn and I got the auto payout mixed up and it left some behind
11973  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: September 05, 2013, 12:44:55 AM

Using this method, you can still use Flounds great pool, and mine the coins that you like, and avoid the ones you don't like.


I dont see the option to have cgw flick between configs.    

Is the depth on Fast coins too small to mine ?
11974  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: August 31, 2013, 10:11:11 AM
I received CAP at cryptsy but no trade it looks like.

Fork happens more often with fast coins I think because its faster and easier for them to confirm mistaken blocks
11975  Alternate cryptocurrencies / Altcoin Discussion / Re: [GIVEAWAY] Free devcoin faucet - 20DVC per person! on: August 31, 2013, 10:05:59 AM
Thanking you please

1Js8WegMeM6Sdyyhkm3Mq2bMwXad5Lw6Td
11976  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin Price to hit $25? on: August 30, 2013, 09:58:16 PM
Nobody has a clue what litecoins are, the occasional person has heard of BTC but second place is no place in the big scheme of things.

You need an actual advantage for LTC over BTC.   Maybe the asics will achieve self awareness :p    Is there any flaw or impediment in either the other can do better
11977  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: August 29, 2013, 04:46:58 AM
Truth hurts ?! EAT IT AND DIEEE YA COIN HOPPER PARASITES. Grin

I know we'll have come full circle when people want a FDIC bailout.  Who will be the first to try and sue, I didnt know it was experimental, I need government protection to step in, its like the wild west.  Didnt they try to shut down egold like this, yep : http://en.wikipedia.org/wiki/E-gold#Gold_Seizure

I own plenty different coins, the problem is most miners have to pay bills like electric.  When the coins can be used to pay for that, it will be ideal otherwise trading is a normal circle of events.
   Anyone who buys games online should use their altcoins, I know there are various uses
11978  Alternate cryptocurrencies / Altcoin Discussion / Re: [FTC] Free FeatherCoin Giveaway for Everyone! Over 700 coins left to give away! on: August 28, 2013, 11:29:26 PM
6ygMLo3845vF4YSKtfzMc4H4e4yikcGY13

Thanks, havent they run out now ?
11979  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: August 28, 2013, 10:24:23 PM
there aren't going to be many profitable coins left to dig for surely.
People who make a road cant be the reason for it to exist.   Coins that duplicate each other are going converge most likely.

This is like the house price 'problem'  If the price gets cheaper is it bad or not, for people who use houses it ultimately is a good thing to have a useful product available cheaper.   Its tough luck if banks wanted it higher, they are not the users. 
So I see the coins as either a useful product or not, if it does get cheaper for some reason then in a healthy market this is a good thing at least for some people who wanted to use it not profit from speculating or anything else, actual users matter most.
  Capitalism is based off mutual benefit, its politics which tries to continually inflate prices and introduce bias to one partys advantage.  So you have cryptsy enabling sales more easily, really that utility should be positive because theres always two sides to any sale - if there isnt that coin is DOA
11980  Alternate cryptocurrencies / Pools (Altcoins) / Re: [ANN][Profit-switch][1.5%fee] multipool.us:Always mine the most profitable coin on: August 28, 2013, 05:36:25 PM
Site says we mining at 1100% profit   :O       The coin has only total market depth of $50k so tricky terrority it would seem - http://coinmarketcap.com/
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