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Shards , Briolette , Koh-i-Noor for Diamondcoin ?
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Haven't been around here for long .. well , I have been mining since Nov. 2013 (mostly Litecoin) , but I have just made an account. I have one question though : is it always like this ? I mean ... do these new altcoins always spawn at such a ridiculous rate ?
No , the rate of which they spawn grows day by day. They are like viruses , all clones of the previous one. |
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I've lurked on here since the launch, and figured I'd pipe in now...
This coin is not doing better for a few resons:
1. They are easy to mine (diff is low) so there are tons of them
2. You can't do anything with them except trade for other coins.
The major thing making BitCoin hold value... first it was hope - geeks saw a new way to conduct wealth transfer for goods and services. Next it was (and is) utility - stores are accepting BitCoin now, aka you can DO SOMETHING with it. Until there is a way for these bits to be "spent" in some way, they are only good for speculation and hot potato "sell to the next idiot for more than I can buy back later". Telling people not to sell, tweeting prices, or any other nonsense is just wasted time and hot air. MEOWs don't pay the rent (yet). We need services and reasons for people to use the damned stuff. Today it's just a proxy for other coins with value - and it's a proxy in a crowded space (MOON, CAT, TIPS, BLAH BLAH BLAH)...
We all want this coin to be successful in some way, but how we get there is by making the coin worth bothering with - not trying to prop up the price with hot air. If you were new to cryptos, why, right now, would you buy MEOW instead of DOGE other than to speculate that it will magically be worth more later...just because...
I know the devs have been hinting at "big cool things" and that is AWESOME. But until one or more big awesome things happen, this coin is just hanging out.
My opinon, feel free to refute.
ManDrone
I must agree with you totally on this. You might be a jr member with only two posts , but this one has more reason and insight that 1000 posts of the hype driven idiots around here. |
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You're totally right, and we have things coming but I don't want to pre-emptively announce anything. When we relaunch this coin/website/wiki you will also see the new sites and services announced. Right now I can tell you for sure we will have an android app for monitoring the price, a kittehdice game is already under way, we are working on kittehpoker and we are trying to launch coincontrol with the new release 0.8.6 alongside the relaunch. We will provide more info when we can the reason we are keeping sorta quiet is we don't want to risk a repeat of the initial launch, promising more than we can deliver. We will deliver, and then see how kitteh does!
Sorry but you don't understand. Meow has nothing special , it's just a clone , and your list is just a clone of what other coins aim for. Unless you get something really unique and that others including the "big guys" don't have , it is meaningless. |
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So , right now , with a blocked reward of 8 coins we have 46080 quakrs mined /day , right?
At a price of 0.087$ this makes the reward 4000$ /day.
Now , if the block reward drops to 1 , miners will only get 500$/day. And 15 000$/month.
Compared to electricity costs this makes the network look very insecure for the moment.
Who pays for electricity? Certainly not the botnets and hasher farms! Well , having your network "secured" by a botnet , isn't the usual approach in cryptos , isn't it? First, the network doesn't "secure" anything in crypto. The network makes transactions viable. Second many coins are mined by botnets, server farms, hasher farms, etc take a look at litecoin. A network is a network no matter how it is assembled. A network in which a botnet or a farm or a person has more than 51% is an insecure network , for any pow coin. And when normal miners leave mining , and only botnets with their 0 cost are mining , they can play with that coin and it's blockchain like lego pieces. |
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Shouldn't MEOW bounce back ? It's a cat after all , although it's a dead frozen one.
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A new coin worth watching is AlphaOmegaCoin Interesting coin with the largest expected production of 999 billion coins but with smaller block reward of 35,000. It already has... a website and wallet: http://www.alphaomegacoin.coma forum: http://www.alphaomegacoin.org/and a pool: http://aoc.livechains.net/and best of all, there has been very little premining! (only about 2100 blocks premined for promotions and such) Can't say that for a lot of these new altcoins... What does the community think? IMO We dont need a new coin with nothing new to offer. How about a coin that actually improves something? In my opinion we don't need 1000 new coins with nothing to offer (since there are 100+ already released and 1000 in planning) since we already have a few projects with better coins or improvements on the Bitcoin protocol. But those don't smell like easy money. |
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People are concerned. Since mining is dieing, they think the Quark network will be susceptible.
@digitalindustry
The blog should broadcast nothing such will happen. Emphasize on 0.5% inflation.
I'll write an article about how quarks are better than Bitcoins, and as of the current time better than any other alt.
Quark current marketcap is 16,379,903 , a 0.5% inflation means 81899$/year. Bitcoin transactions fees , 10-20k usd /day. Be careful how you write your article so it doesn't come back like a boomerang. |
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Time to shake up the weak hands.
yeah what you all think how low we can go ? In theory ? 0. In practice? Nobody knows. My bet is on .050 |
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So , right now , with a blocked reward of 8 coins we have 46080 quakrs mined /day , right?
At a price of 0.087$ this makes the reward 4000$ /day.
Now , if the block reward drops to 1 , miners will only get 500$/day. And 15 000$/month.
Compared to electricity costs this makes the network look very insecure for the moment.
Who pays for electricity? Certainly not the botnets and hasher farms! Well , having your network "secured" by a botnet , isn't the usual approach in cryptos , isn't it? |
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So , right now , with a blocked reward of 8 coins we have 46080 quakrs mined /day , right?
At a price of 0.087$ this makes the reward 4000$ /day.
Now , if the block reward drops to 1 , miners will only get 500$/day. And 15 000$/month.
Compared to electricity costs this makes the network look very insecure for the moment.
You're wrong. The difficulty will fall back, there'll be less miners with more rewards per miner. Remember I mined 100,000 with a core i3.  What am I wrong here? It doesn't matter if there will be 1 miner or 1000 miners. Based on the block reward there will be only 1 quark every 30 seconds. And at current price the overall reward for mining will be 15 000$ for all miners. monthly! How many will keep mining and keep the network secure with such small revenue? You can't have a secure network with 50 people mining. The reason why you guys are panicking is cause I think you're new to this altcoin business. If mining will be expensive, they will stop mining. If they will stop mining, the difficulty will drop. If the difficulty drops, the existing miner will churn more rewards with the same hashing power and electricity. The minimum is 1millions quarks per annum, not 1 quark per block. This's good enough to sustain mining. Finally the voice of reason. +1 I call that the voice of denial. |
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+ value of quarks will also increase. So expect more per year.
the value might increase. And is certainly not doing this right now , although bitcoin value has gained over 20% lately. |
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So , right now , with a blocked reward of 8 coins we have 46080 quakrs mined /day , right?
At a price of 0.087$ this makes the reward 4000$ /day.
Now , if the block reward drops to 1 , miners will only get 500$/day. And 15 000$/month.
Compared to electricity costs this makes the network look very insecure for the moment.
You're wrong. The difficulty will fall back, there'll be less miners with more rewards per miner. Remember I mined 100,000 with a core i3. What am I wrong here? It doesn't matter if there will be 1 miner or 1000 miners. Based on the block reward there will be only 1 quark every 30 seconds. And at current price the overall reward for mining will be 15 000$ for all miners. monthly! How many will keep mining and keep the network secure with such small revenue? You can't have a secure network with 50 people mining. The reason why you guys are panicking is cause I think you're new to this altcoin business. If mining will be expensive, they will stop mining. If they will stop mining, the difficulty will drop. If the difficulty drops, the existing miner will churn more rewards with the same hashing power and electricity. The minimum is 1millions quarks per annum, not 1 quark per block. This's good enough to sustain mining. Wrong assumption on the first paragraph but we will go over it. If mining is expensive , people will stop mining. Difficulty will drop and the people that continue mining will split the reward. So the reward will not be split into 1000 shares but in 100. Now , there is a limit on the reward per day. At the minimum , the reward will be only 500$/day. Of course there won't be 10 000 miners mining that (mining 24h with a computer to get 5 cents) . Probably only 1000 (50cents/day). LOL. Of course it will be profitable for them to mine maybe, but , you call a network with 1000 miners secure? |
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So , right now , with a blocked reward of 8 coins we have 46080 quakrs mined /day , right?
At a price of 0.087$ this makes the reward 4000$ /day.
Now , if the block reward drops to 1 , miners will only get 500$/day. And 15 000$/month.
Compared to electricity costs this makes the network look very insecure for the moment.
You're wrong. The difficulty will fall back, there'll be less miners with more rewards per miner. Remember I mined 100,000 with a core i3. What am I wrong here? It doesn't matter if there will be 1 miner or 1000 miners. Based on the block reward there will be only 1 quark every 30 seconds. And at current price the overall reward for mining will be 15 000$ for all miners. monthly! How many will keep mining and keep the network secure with such small revenue? You can't have a secure network with 50 people mining. |
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added sig 35998 mrbuster mine looks a little different
Add the whole code to your signature , not just the promo text. This is why your sig is different. |
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If there were no alt-coins all the hashing power would go to the majors and it would be very saturated. I say thank the alt-coins for pulling the pressure (and increased difficulty) off the majors networks. Just my 2 cents (prolly worth less than a single Dogecoin) People are beginning to have a wrong idea here. As more people mine a coin , more hash power the network has , is is less dangerous for a coin to be exploited by a botnet (cpu) of by a powerful mining farm. What is better , a coin mined by 10 people with low difficulty or a coin that has 1 million miners and sky high difficulty. |
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Has anyone used coingen.io to create a coin? If so, did you get your client?
Please tell me it's not working! Or another avalanche of alt coins will be underway. |
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Username: johnspeed Claim Step Bonus 1 Btc Wallet: 1PdpaGLfmNdZTxA1AJjEh1xe5YaDDaba1F
Thanks in advance.
Can't believe this , somebody lock this topic please! People are still falling for this scam? |
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Do I sense a growing battle between Batch 1 customers and Batch 2, 3 and 4?
Batch 1 customers failed to get their hardware on time. Now they are seeking the return of their (substantial) funds. While Batch 2, 3 and 4 are probably worried of the ship sinking before they get theirs. (well not that it matters even if they did)
Someone should start a poll to see how Batch 2, 3 and 4 customers feel about this whole drama. Especially how they feel about Batch 1 customers on their "refund standoff".
We are on day 5 of the new year and there are only 26 days left until the next (Batch 2) deadline. If it goes south for Batch 1, then Batch 2 probably won't hold their complaints to themselves or probably even wait until the deadline.
Quite the Pinch HashFast finds themselves in...
A battle? Probably because the batch 2,3,4 are beginning to fear they will not see no products and no refunds. At least the customers in batch 1 might get some money back , but for the rest ... adieu |
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So , right now , with a blocked reward of 8 coins we have 46080 quakrs mined /day , right?
At a price of 0.087$ this makes the reward 4000$ /day.
Now , if the block reward drops to 1 , miners will only get 500$/day. And 15 000$/month.
Compared to electricity costs this makes the network look very insecure for the moment.
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