BCH is garbage.  The only people buying it up are Bitmain so they can artificially inflate the profitability of mining it.  Anyone watching the buys on Bittrex can watch someone with a giant pile of BTC shovel it directly onto the BCH dumpster fire.  No reasonable shopper would do that. 

I think what they haven't planned out yet is that when profitability on BCH rises, miners move over to it, which was of course the plan.  But then that causes the diff on BCH to skyrocket, so next time it refactors, profits drop off a cliff with BCH and rise up more on BTC.  And the miners move right back to BTC.

The only way to sustain this is to keep dumping money on it, and eventually they'll cut their losses and that'll be the end of that.

My suggestion:  Wait for Wu or Ver or whoever it is propping this nonsense up with their savings to pump up BCH again, liquidate and avoid.

Looks like any time now, to me.

The hype artists have pumped, the whales have dumped, the bag holders have gotten impatient and sold, and the whales bought it right back.

The cycle will begin again soon.

Looks like speculation of the news dropping on 8/31 is building up hype

Finally!

That's cool, I appreciate the un-embellished truth.  And it's not a big deal really, I'm just trying to understand the payout process better because I keep thinking about a profit calculator, I think that would help a bit with people that haven't tried it yet.

Also, until pool hash rate steps up a lot, the profits should actually look pretty good, so there's that...  Might help bring in new people 'feeling lucky'.

So I don't hit 100% payout rate for 6 years <-> 9 months?  Ouch.

Thanks for the info.  I'm going to cook up a little ckpool sticker people could add to their avatar image if they want, maybe that'll help a little.

C'mon Butters!  Shake it!

That's a shame, I was wondering if the market worked like that but that's what I'm seeing and what a lot of people are saying...  Too bad, because if it comes down to BTC vs shitcoins, BTC is going to beat them like a mule.

So altcoins are a bad long term investment, it would seem.  Sometimes they spike but generally appreciation of BTC, which is inevitable like the rising of the sun, will constantly drive their values down, like inflation?

Oh ok, thanks for clearing that up.

How long is 5 network diffs' worth?  Currently at 110T

Question:

I was watching my payout and I noticed that an hour ago it was higher than it is now.  I've been connected steadily since the first block was solved.

Is that normal?  It went down from 215k sat to 199k.

So far the numbers it's showing me seem a little under the PPS rates I've been getting elsewhere, but I was hoping maybe if I leave it going a while it'll improve.  Right now I'm about 3% of the total pool hashrate, I thought the way the payouts worked is if it happened to magically get solved right now, I'd get basically 3% of the block reward.  No?   Now it seems like I misunderstood.

Here's my payout address, if that helps 1DFdEQfrScwmnaC1oYnqvwri6esN89dNCB

I bet that if you wait a few minutes it'll drop down a few sat, it's a little over the exponential average right now (not much though).

Either way I think it's going to keep climbing for a while and steadily over time, so it probably doesn't matter that much.

XLM and SC are having a pretty decent day.  Not great but... not terrible.

You could always try stuffing Butters in a dress and making him dance around to bring in new miners.



I'm pretty sure that will work, that's Marketing 101 right there.

XLM will give you some Lumens if you ask them for it.  Seems pretty nice to me, that's not a short term offer either, basically that's how they're going to keep doing it until all the lumens are in circulation over the next ten years.

Maybe it's getting ready to make a move?

It's one of my long term holds so I won't be selling even if it does.  But anyone else have any thoughts on this one?

I think they have a nice plan charted way out into the future and can demonstrate a functional product right now.  Also they seem very socially conscious, they'll just give you some XLM if you ask for it.

In marketing, a pivotal concept is 'the time crunch'.  Take action now, or lose the opportunity.

Maybe something like that could benefit ckpool.  Sign up now, and the fee is 0%.  Wait until later, and it's some amount higher than 0%.   Etc.  Or maybe an early adopter bonus from subsequent blocks, something like that.

To celebrate, I'm thinking about changing my sigline.  Kano still hasn't fixed the problem, and he probably never will, and the big miners in Kano's pool will continue to benefit from robbing the little miners, but if the participants are happy with that arrangement frankly I've run out of concern over the matter.  I don't know how anyone involved sleeps at night but I guess $71k buys a pretty comfortable mattress.

I'm pretty sure by now everyone knows how I feel about it anyways.

Kudos to you ck for making sure I got my $1.14 - I think it's that attention to detail that will make ckpool a success in the long run.

ck, how would a profit calculator work?

User supplies their TH, script gets current diff from some source (hopefully local), magic happens, then it anticipates daily return.

Can you block out the formula for me and I can make a javascript/php version?

BTW what do you think about putting the 'About SPLNS' and 'Features' on separate pages, so the home page is basically current network stats, setup info, and if it detects the user has a 'my id' cookie set, hides the setup info and shows the user's current HERP/DERP/Expected return etc.

I think HTTPS should be a top priority right now.  It's easier than other items on the todo list and offers a lot of return on that effort.  New users will build the brand for you.  Unencrypted access to crypto-coins just sounds... wrong.

You could give yourself a major partner and a huge new userbase by developing Unity support.   And it's not like you'd have to cultivate a relationship with the Unity team to do it.   It would offer a lot of visual/audio options HTML5 can not compete with.  Ingress with coins at stake could be huge, but that'll never happen in HTML5, the client can't be secured properly, and WebGL is garbage next to native code versions of the same.

Good luck!  I feel bad for sounding so negative now... I know as well as anyone that development is easy... from the sidelines.  But the details are tough so I'll try to be patient.

I can help with the demo vids if you want but you'd have to scatter some Geo around columbus ohio for me to do it.

Yeah I'm seeing that too.

I keep thinking about robo-traders lately.   Like 'gunbot' etc.  I wonder if someone could make one that just keeps moving capital around from BTC<->Alts based on BTC movements to make some auto-profits.

I disagree, we're about to see a 5x minimum increase in diff, probably more like 10x-20x... price hasn't made nearly that movement so why would so many new miners be jumping on the Dash ship if what you're saying is true?

I agree about Civic, that one looks good to me.

CFI is also doing well, looks like it'll push the 6000 wall it keeps banging against here shortly.

I like BAT too, but I think that ones a long term hold.