wow what happened with the 30+ btc buy support at 3 sat while I was asleep?
some one got weak hands and dump from 4 to 3 satoshi 20+ btc. It was very good for buyers who get karma at this price of 3 satoshi and very bad for the dumpers. You see in few days extremely rise of karma. With new payouts, miners will not get so much karma anymore and the price will rise. Only a fool would sell now at 3/4 satoshi if the price is double in the week or two. Yep, in less then an hour there is a 30 BTC bid back on 3 satoshi. now has more potential then DOGE as it is less vulnerable to the profit dump pools. |
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Holy fuck I just sold all my karma few hours ago after realizing this coin is being abused... I guess the abusers just dumped their loot  every coin is being abused in one way or another... it is bad karma to assume that this coin is the only one. look how much quark and nxt were pre-mined and they still trade on the markets without crashing. Its was rather surprising to see an update so soon to counter the super pools mining only high value blocks. Looking forward to no more rants about it and will have a definite positive over DOGE. |
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I have some weird problem with pool http://pool.karmacoin.info/ or at least i think so.  I have been hashing for two hours now and I can see my hashrate and shares in statistics page but I am not getting any shares and coins. There is nothing in confirmed or unconfirmed balance. What could cause this? Never seen it happening before.  Does it have something to do with this "Proportional payout job is still catching up."? karmacoin.info is very slow, coins are there they just take forever to process. |
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Why is random not random and calculated from last block(s) ?
If random was really random, that would mean that I could always submit blocks that were the maximum value and just tell everyone I'm honest and that I really did "randomly" find a block of 1,499,999 coins. It has to be a random number that everyone agrees on and trusts, so the randomness is based off of the hash of the previous block found. Here's how it works. 1. Each block has a "blockhash", which is a long string like this: 6da0c15336ce5ab8bfd42473bb305743ba22ec86f0f8b6fa184b33a69df30acd 2. That string is converted to an integer, and used as a seed for the random number generator. Every random number generator has to have a starting value, and given the same starting value it will always produce the same sequence of random numbers. 3. The random number generator picks the value of the next block. This means that everyone on the network can check the work to make sure that the person who submitted the block isn't lying about the value of that block. The downside to this is that it means that you know how much the next block will be worth, BEFORE it is even generated. Obviously if the super pool is only mining high value blocks it will only find high value blocks. But even still, wouldn't the pools that are on the coin 100% of the time still get an average amount of high value blocks along with all the low value blocks? Seems like the pools mining normally do not get the correct amount of high value blocks. |
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so you registered a month ago and know you're the big crypto man huh? how original
I've been in the crypto game for over a year. I run a crypto chat on IRC and a couple websites. I spend 12 hours a day breathing, eating, shitting crypto information. I know my shit. wait, you are wasting your time trying to convert random people to your way of thinking by being a douchebag? And not even a normal douchebag, a narcissistic douchebag. good luck with that. |
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From the Devs:
Here is what we know:
- There is a private pool with significant 1GH hash power (about 1400 GPU cards) who has been consistently mining this coin from the beginning
- Right now pool.karmacoin.info and hashstrke.com make up 1.5GH, the private pool makes up 1GH to get us to 2.5 for the whole network
- Rewards are going to change in 3-4 days and we have other launches happening with the first version of the updated site coming at the same time. The value will go up when that happens so someone right now would be motivated to try to drop the value in order to buy it cheap.
we do not need to trolling.. it is just facts.
Right now pool.karmacoin.info and hashstrke.com make up 1.5GH, the private pool makes up 1GH how much Ghs has these two sites more than 2 days ago? Was 51% attack possible? Because it will explain a lot. I just ask, why people at pools have less rewards as expected. One day ago I was count last 20 blocks at pool.karmacoin.info and average reward was about 350 000KARM instead at least 500 000 (ideal is 755 000) (I am not remember exact numbers.. it was write in this thread). I am with KARMA from day one, and I want to some profit of course, so I am just asking , why you do not set fix reward system. Everyone must noticed that he have less karmacoins as expected. Just watch your hasharate, difficulty and expected rewards at last one day. a 51% attack is not likely even with a massive pool. The 51% is based on a chance that a big string of blocks will be found in a row and a block will be duplicated, thus creating a new chain. This is very relevant to bitcoin, but not litecoin or any coin with a block time of under 2 minutes. TLDR: 51% is not likely to succeed, even with a large percentage of the net hastrate. A better explanation is here: http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/ |
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time to buy karma!
Yes, from a technical standpoint, I believe we have turned a corner, this is the most buyers at 3 satoshi I have seen in a week and I think this is the bottom, no more 2 satoshi karma, so hopefully everyone got their fill. I am long on this coin, and feel like the mission is just as valid if not more so, than sending bobsled teams to the Olympics. Go KarmaCoin!! wow 69 (giggity) BTC bid on coinmarket. |
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I have now 100 millions of them. How many would you recommend should one have?
all the coins My wallet has 8 connections, yet it has been stuck at 12 days behind on synchronizing.
Any ideas how to fix this?
did you update your wallet? |
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pool.karmacoin.info is as well Now we just need to find a freekin' block. 2000% and counting! Yeah is something not working with the new wallet or what? seems to be working fine |
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what is going on with this coin Too many dumpers and not enough buyers? There was an initial "easy mine" period and I am assuming we have to work our way through that initial dumping phase. The future of this coin, who knows, like any of these new alts, its anyone's guess. I have loaded up on it and hope that as the value begins to rise I can start helping inside reddit with some tipping and giveaways. I agree. This is a very liquid coin. Look at the volume. 69 BTC according to coinmarketcap.com Considering this coin is only listed on minor exchanges. I see big things happening once it hits crypsty. At 3 satoshi can't really go wrong. How much down side it really has? Downside risk is minimal with huge upside potential. dumpers would be the that unknown p2p network running at 800mh.... It should be fixed after tomorrow or at least smooth out the difficulty |
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Kimoto implemented yet?
yep, about 1500 blocks ago |
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Damn, don't know if this is a cheap coin or if it's joined the mass grave of other altcoins.
I wouldn't say a 30BTC trade is a bad thing, as there is just a 3 btc sell on 4 sat's now instead of 27, bits are already building at 3 again. |
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Did Karma Just die?!
0.00000002 224985619.95899999 4.4997124
yep, I'll take all your coins for 2 satoshi |
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That's pretty good but 50 mil isn't that much. |
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multi-pool getting in?
i dont think they are, i believe its just steady hashrate growth from normal miners This is actually more brilliant then I originally thought, having the diff re-target every block makes it incredibly unprofitable for a massive pool to dump hashrate on it. You will defiantly get consistent mining done. |
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did any of the other pools update? seems like they all dropped off the face of the planet
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Dude, it just happened. They are probably scrambling to fix it. Those mining now will be rewarded nicely if they can fix this.
diff seems to be slowly rising |
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moving back up.... seems low is 5 satoshi right now.
Market cap is very low for what its current trading volume is and rewards just got cut by 25%.
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Please remember to switch off karma when the difficulty is high so the hash rate drops.
I get about 3-4 times the coins when the hate rate is at 1 ghash and diff is 50+ then when the hash is 3 ghash+ and diff is 15.
Your assistance is appreciated
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