New Extremecoin site very soon

Without a client update, this coin will get unstuck, immediately have a massive difficulty drop, be hashraped, then stuck again!  This coin is going nowhere until the diff algorithm is fixed.

I accept bids for only one of the units.

Great work guys, if we can keep this up then we can get EXC up and running again. And I will look at a client update.

Well we found three blocks last night so we are getting there.

I am going to sort out adding some code, so if it takes too long to find a block it auto adjusts the difficulty, I think.

I have posted about the likely root causes.

First of all, multipools are erasing the identities of altcoins -- especially when they are being auto-traded for BTC. These auto-trades are driving down the market price because logic isn't taken into consideration -- they're just being dumped at what should be below market value. However, once these dumps occur, the resulting sale price becomes the new market value. Smart buyers are laying out lower offers knowing that the big dumps will drive the price down into their net...and sellers are competing with auto-sellers that don't care about the value or identity of the coins being sold.

Another issue is the flood of garbage coins that are getting listed on the major exchanges. Each week, more and more of these copy/paste coins are rolling out that are designed to be nothing more than a pump-and-dump scheme. For example: ASC, SAV, TGC, VLC, and ELP -- these were all released by the same deceitful dev under different names. Then, the same group of usernames proceed to campaign aggressively to get the currencies added to Cryptsy (using grammar that is so bad it's borderline-criminal, really.) People mine these coins (or buy them once they hit the exchanges) thinking it's a good investment...but as soon as the clowns at the top dump everything they walk away and everyone else that invested in the coins is left holding the bag. Even though there are only a few bad seeds in the mix, it's enough to erode trust across the entire market. The altcoin world is the wild west and con artists continue to execute the same scam over and over because there is no regulation or authority to verify anything. I mentioned it earlier today in the Cryptsy thread, but if they keep listing these coins and allowing these bums to profit off this crap the altcoin industry is doomed.

There are simply far too many coins out there that provide nothing new, have no services, and yet people are willing to invest in them only to get burned. People are pulling out of altcoins as fast as they were flooding in last month and it is eroding demand across the board.

I think one thing that would help is some kind of authority/verification service that investigates new currencies, communicates with the dev, evaluates the code/etc similar to the way certain universities are accredited. The risk here is that the operator needs to have enough integrity to not be bought off...but being bought off and exposed would also discredit the entire operation. Perhaps this service could be donation-supported? Devs abandoning coins as soon as they dump is a real problem -- there are a ton of zombie coins on Cryptsy right now polluting this market. Adding these currencies (or keeping them listed for trading) is the altcoin equivalent of the stock market still allowing you to trade Enron stock.

Without some basic integrity, we have a problem that will never be solved.

I saw what you did there, would you actually do a legit one?

Everyone, if you still support EXC then please mine on http://exc.mining.coinex.pw.

I am going to be there too, all through the night.