i only hold about 3 mill saturn, but screw selling them. iam gonna hold them until the value has "gone to the moon", even if that takes 6 months  |
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From the Dev: Several members of the community wrote about how the Karmacoin rewards needed to be changed. We are listening, and we are going to change the way the rewards work to make sure the large multi-miners cannot get an advantage in the rewards they get. This change will increase the value of the coin as well because the reward payouts will be more predictable and will remove an exploit that large-blackhat miners can take advantage of. The coin inflation, total coins, planned coin release flow, etc will not change at all. Estimated payouts in coinwarz, pools, coinmarketcap.com. etc will also not need to be changed as the estimates were based on the same numbers used in the new rewards program. We will be posting a new version of the wallet shortly to implement the new rewards. Currently, if someone has a large amount of hashpower (i.e. 1GH of mining capability) relative to the entire network, they can exploit the system by only mining when they determine the next block will have a large payout. This issue is related to the way the random payouts work. The random payout algorithm is the same that DOGE uses, only because DOGE's network is larger, the issue is not seen as readily with DOGE. See http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/ for more details. The new rewards will work as following: 0-10,000 blocks => 10,000 + 1,000,000 bonus 10,000-25,000 blocks => 10,000 + 750,000 bonus 25,000-50,000 blocks => 10,000 + 500,0000 bonus 50,000-100,000 blocks => 10,000 + 250,000 bonus 100,000-200,000 blocks => 10,000 + 100,000 bonus 200,000-300,000 blocks => 10,000 + 25,000 bonus 300,000-400,000 blocks => 10,000 + 10,000 bonus 500,000+ blocks => 10,000 coins Excellent work dev, iam glad to see your standing by your coin and doing everything to help it survive in the crypto world. |
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lol they threw a total fit just because PND got on cryptorush LMAO... i wish i was there to have seen that..... even still very pathetic with the shit i hear going on between wolong and this coin...... he just mad
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I have heard that certain people have threatened cryptorush and several other exchanges in order to prevent PND from being listed... is there any truth to this?
If that's true, then that's pretty pathetic the people that made the threats are also the ones apparently responsible for the DDOS.... who ever is behind it must be seriously threatened by this version of panda coin and are doing thier best to try and make it crash and burn...... |
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I have heard that certain people have threatened cryptorush and several other exchanges in order to prevent PND from being listed... is there any truth to this?
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Is the PANDA community actually doing anything social with the coin, like funding projects, etc, or is it just interested in money? Because I'm only really seeing anyone at all talk about money.
they are only intrested on money, this coin was made by one of the biggest market manipulators on the planet.. he often calls himself God..... kinda explains his state of mind, but people blindly follow him while he leads them to the slaughterhouse.... |
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If this issue is not addressed very quickly, I will start selling constantly at 1 satoshi with different accounts on different exchanges. I will sell in short 1000 - 1500 karms. I have 86 million karms. Guess what will happen with this coin. We are all going to be good or not. The choice is yours.
as much as i wouldnt think would be a good approach, i do agree with your idea. i only hold 10mill and would have liked to have continued to mine karma but not wasteing my power on a coin that pays out only approx 40% of what i should actually be getting. |
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watching everyone jump on a scam coin is rather amuseing......
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the calculator on coinwarz is not able to calculate whats actually going on atm, so all those who are jumping on the karma band wagon are being mislead. the devs must remove the random block reward. Leaf coin is haveing the exact same issue and they are looking into removeing the random block reward to level the playing field.... DEV something must be done, once more people start to notice the lack of rewards or atleast a correct amount per Khash within 10% due to difficulty jumps, they will take thier khash elsewhere and this coin wall fall and die.....
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I hope the Dev does something about the block rewards asap. was supposed to have pulled about 2 mill since yesterday and only ended up with just over 700k.....
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any working nodes? my wallet wont sync....
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Unless karma gains a few points in value, it will not be all that profitable to mine very soon at the growth rate, weather the added hash rate is from one person or a combined effort from the pools still comes to the same affect
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ATTENTION EVERYONE WHO MINES OR BUYS KARMACOIN!!! All the pools and regular miners getting massively ripped off on the block rewards right now. This is blatant and obvious to anyone who cares to look at the publicly available numbers. Their is no other explanation for what is happening. I am not going to try to tell anyone what to do but you look at the numbers and make your own decisions. Last 24 hours of blocks found. Time period 4 pm on 2/17/2014 to 4 pm 2/18/2014 (PST timezone) The two biggest pools for Karmacoin http://karma.hashstrike.com = 230 blocks and 98155792.429 coins mined for an average block size of 426764 http://pool.karmacoin.info = 369 blocks and 163830536.742 coins mined for an average block size of 443905 Total blocks mined during this 24 hour period by everyone (numbers from the blockchain site) = 1411 Total number of coins mined with these 1411 blocks = 1082426659 Remove the coins and block mined by these two pools and you have the following: 1411 - (230 + 369) = 812 blocks by others 1082426659 - (98155792 + 163830536) = 820440331 coins mined by others So then 820440331 / 812 = 1010394.496305419 average coins per block. Yes ladies and gentlemen that means that the exploiters are getting over twice the number of coins per block as the top two pools combined over the last 24 hours. HOW IS THIS POSSIBLE IN A FAIR COIN? The profitability calculators for this coin are way off and should be cut in half to get the correct numbers for us miners. The trade volume is dominated by the exploiters who artificially inflate the coin to make it look attractive. You my friends are the patsies in this scheme. These numbers do not lie. There is no way this is pure luck. In fact they tell us a truth that someone has found a massive exploit of the code behind Karmacoin and is using it in our face without any fear of being caught. They do not care Well if the devs do not do something immediately to remedy this I am going to post this everywhere and anywhere that people will listen. The best thing you can do right now is spread the word about this far and wide so that all miners know to steer clear of Karmacoin until this is fixed. As for what you decide to do with your own hashing power and hard earned cash I will leave up to you but I am not touching this coin with a ten foot pole. Good luck to you all. Honestly, is there a conspiracy at work or are you just out gunned in the mining world now? Try to stay positive, this is KarmaCoin after all! :-) Huh? You are not making sense. Are you not able to do basic math? My numbers don't lie. The system in place in far from level and if you want to go on mining the coin or perhaps you already have a large position that you are trying to protect then so be it. I will let everyone make their own decisions. You seem to want to take jibes at me personally while avoiding directly addressing the numbers which speaks volumes in and of itself. I am trying to save others from making a mistake in thinking this coin is actually more profitable then it really is. i can half vouch for these facts, even i have noticed a far less take per 24 hours compared to what iam "supposed" to be getting..... something seriously is up and does show signs of someone playing the block chain.... |
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would explain why i havent been getting around 2.5mill daily and only getting about 1 mill if iam lucky.....
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Please do your research, I did. Last 24 hour average block size for pools: From 8 pm 2/16/14 to 8 pm 2/17/14 (PST timezone) karma.hashstrike.com = 247 blocks/448009.8825910931 avg http://pool.karmacoin.info = 237 blocks/456402.3839662447 avg http://karm.idcray.com = 103 blocks/717014.3203883495 avg For a total average of 587 blocks/498600.1379897785 avg That is where the hell my claim comes from. I don't want to argue but please research first. This is way out of the range of luck isn't it? The attacker is getting massive block sizes somehow compared to the pools. Well, I think I figured it out, and there's basically nothing that could be done besides changing the block rewards to a static value. I talked to someone with good knowledge of the dogecoin source code (which karmacoin was based off of) and, well, here you go... 00:39 < trigeek> the random seed for block rewards
00:39 < trigeek> it's solely derived from the previous block hash, yes?
00:39 < xxxxxxx> its not as random as you think it is ;)
00:39 < xxxxxxx> yup
00:39 < trigeek> well it can't be that random
00:39 < trigeek> otherwise nobody could agree on it
00:39 < xxxxxxx> yup
00:39 < xxxxxxx> there was some nifty bit of research done
00:40 < trigeek> so, you can determine what the next block's reward is, correct?
00:40 < xxxxxxx> yup
00:40 < trigeek> ok. thats what i thought
00:40 < xxxxxxx> there was the cool bit of code that could let a multipool know if the next payout was gonna be a X block
00:40 < xxxxxxx> like "oh the payout's gonna be 2" fuck that
00:40 < trigeek> that's that, then.
TL;DR - the multi-pool is switching their hash rate on and off based on what the reward of the next expected block is. I wrote it here https://bitcointalk.org/index.php?topic=447657.msg5201798#msg5201798
If devs do not remove random reward soon, it will be worst. Because "chosen ones" abuse this "bug"Is karma in trouble? |
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i wish i was a bag holder, only have a couple of mill before there wasn't enough profit to cover usage expenses....
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i hope Karma gains alittle value soon, need to be beable to run around a small profit to cover bill usage. have had a terrible run with coins as of late :-/
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without demand, it can only mean 2 things, this coin is now officially dead or with a slim chance it has a chance for a good come back.... not sure if thats likely thou. disappointing really.
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they dumped thier mined loot on coinmarket..... 15 BTC at 3sat and 16 BTC at 2 sat....... what a bunch of fags with high hash power that just abuse a coin until they can kill it..... :-(
I agree they are a blight on the crypto world but according to my calculations they only could have made 11 BTC worth if they mined every block during the attack period and that is if they sold them all at 3 sats. I am sure they didn't get every block. Still they didn't help and we are all glad it was short. still enough to take away from genuine miners who are supporting this coin, i can only dread how badly they will hit karma coin once the value actually goes up.... when that will happen i cant say sadly lol |
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In roughly 5 days mining block reward will decline from 1.5 million to 1 million. If the site launches in roughly the same time, it will be a nice double punch.
what site? |
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