You can't melt the laptop cover, because there is the display, not the gpu.  Otherwise, personally I have talked with many developers and they all think that PoW is more secure than PoS, but imho, the only thing which could be considered as disadvantage of a PoS coin are major holders who are getting most of the PoS reward. I don't think its a problem if the currency is not with big interest. |
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I notice that coinmarketcap is now tracking the market at Yobit for this new iteration of Growcoin, but it still shows the old supply of 1,593,105 GROW. There is actually only 92916 GROW, so the marketcap of this is ridiculously low right now. Given the track record of marijuana coins, people are undoubtedly leery. But build that online shop and it will attract users.
That's because the information on CoinMarketCap is old (look at the links of the ANN and the logo for example). Barry should contact Gliss to update them. |
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We have a similar idea with FAILCoin since ages, and there is a much easier way to make it happen. Partnership with YouTube channels who are doing Social experiments with homeless people. They can just put a wallet address in the description of the video and run a campaign for a month. People who liked the homeless person from particular video can send coins to help him. After the month is over, creator of the video will then sell the coins and make another video on how he is giving the money.
- The address could be easily traced if they try to move funds before the month is over.
- People will know exactly how much coins were gathered.
- The YouTube channel owner can easily prove how he is giving the money by making a new video.
Period.
Why do you need white papers for? The homeless person may indeed spent the funds on drugs and/or alcohol, but this is not our problem, nor we can do something about it. Homeless people need money. You just give them the money in their hands and they can do whatever they want. There is no need to complicate things.
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How you can "inject" the tipping app/script on Youtube or on other social media sites? Browser addon?
Hey, Facebook is currently a problem, because we are working on a wallet, which contains specific Tabs (News, Donations, Contests, Fun, Partners). For example, if there is a weekly FAIL contest, we are going to tweet about it using #FAILcontest hashtag. You can then see it under the Contests tab. We are also going to look for a partners on YouTube, Facebook and Twitter. These partners can be seen in the "Parners" tab (which will open a specific link to our website). So far we can only use Twitter, because like I said - we have problems with Facebook (we can't make the wallet to pick up hashtags from there). YouTube is simple. Channel owners can just put a FAIL address in the video description and mention about it. |
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Hello, My name is Spartak Tomanov and I am part of the FAILCommunity Team. We are working on a cryptocurrency called FAILCoin, which goals are YouTube and Social Networks. FAIL can be used as a tip/reward for funny comments, contests, pranks, donations for Social experiments (such as helping homeless people), or just for fun. Our team is focused mostly on adoption, instead of adding "tech gimmicks", and that is why we are currently looking for a Community members from countries other than England, Russia, Netherlands, France, Greece, Indonesia, Bulgaria, South Korea and Thailand. If you are interested in cryptocurrencies, you want to help for their adoption and you are honest and good person, then you can consider yourself suitable for our project. If you are looking for a way to earn some Bitcoin for free, then this is not for you. Those of you who want to know more about our project can leave their comments below, or better contact me on #FAILCommunity IRC channel for a "live" discussion. My nickname is spartak_t. Cheers, Spartak |
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Dear FAILers, Please meet mellon, our Russian Community Manager. Vitalik is 30-year old and has a Master's degree in Civil Engineering and Construction. He also has a solid background in Telecommunications industry, where he have been working for companies such as "Euroset" and "MTS". He is interested in cryptocurrencies since early 2013 and currently he is learning C & C++ programming languages. Stay FAILed for more! Best regards, Spartak Tomanov |
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99.9% of the altcoins (except the ones, which are already well established) are pretty much useless.
You must understand that technology is already out there, and we should focus on adoption, instead of adding few gimmicks here and there.
I can give you an example with the so called "anonymous coins", which promise you to keep your privacy.
Come on, do you think that any serious business could accept them as a way of payment?
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About 73 days left until Bitcoin halving and I have reasons to believe that: - BTC price will be in the $600 - $700 range - A lot of alt coins will be dumped and probably never recover Many Bitcoin supporters claim that it can be used for pretty much anything, and that we don't need other cryptocurrencies, but I could not agree with that. I somehow believe that we are in trouble, because cryptoworld needs several currencies in order to survive as it is (of course, so called s*itcoins are not considered). What is your opinion? Why alt coins will be dumped when the halving happens? All people are here for are profits and they go where the wind blows.. understand ? I would call it distrust in cryptocurrencies. Majority of the people who are "supporting" particular coin (with frequent posts about how great it is, about its "useful features" etc.), are just another "shareholders", which at the end are measuring their "holdings" in Bitcoin or fiat money. They prefer to take their $10 now, instead working for something greater than their "profit". This is one of the main problems of cryptocurrencies in general. |
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XCN cryptonite with its mini-blockchain is a case study in the power of (no) hype .... a coin with a useful and needed innovation and it's dying in the toilet coz nobody knows about it much
I know nothing about CryptoNite, but seriously, are you joking?  |
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pos is trash, there is not a single pos coin that can give you a decent value just by staking, because the mint return is always so low it's not worth it
this because the whole pos thing would otherwise be a dump fest, that's way every pos coin out there has a bad value and always will have
the mining power give somehow a value to the coin, or at least make so that the coin will not be just dumped to death, from those that are mining
I just can't agree with you. Not everybody has the chance (and ability) to mine coins. Many people could be happy with their $2-5 earnings from staking and there is a good chance for them to hold their coins. Thus can lighten the sell pressure and could give the possibility for the coin to grow in a long term period (if things are done right). |
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What do you mean by that? You want to know which is better - to mine a coin with your laptop, or to open a wallet of PoS coin and stake?
Yeah i mean which is better of those two POS or pow.. I am afraid to what will happen to my desktop or my laptop if i am starting time altcoin because here in my country is too hot and we have no airconditionaire.. But what is the best mining or staking? With spending more money.. i have core 2 duo 2.65 ghz and 4 gb ram memory and may grapics is intel 1.3 gb And i want to know what is the fastest in this two to mine or to staking.. In brief - PoS is better for you, but it will use significant % of your CPU (i.e. from ~%10 to ~%60). If you have PC and laptop just run the wallets on the computer you are not currently using. PoW could be dangerous if your hardware is not cooled well. |
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What do you mean by that? You want to know which is better - to mine a coin with your laptop, or to open a wallet of PoS coin and stake?
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I think that you missed the most important factor, greed.
If Miners are making 38k/Month, why would they just accept 19k ? when they KNOW that they can make 38k...
For me, the most likely scenario is : miners will be unhappy about the halving, and will continue to farm normally(why would they sell hundreds of thousands of dollars in equipment ? and another question, who would buy it ?) they will start accumulating and gonna sell btc just to cover expenses.
With less offer, the price will go up, wont say 100% because some of miners will fear to hold btc for long time and will start selling, but it will rise a lot...
I wouldn't call it greed. It will be plain stupid if they are selling all of their Bitcoins to make profit in fiat. I would call it "investment" (to hold and see how the market will react after halving). Btw, imo, they started to accumulate long time ago. Recent rise of Bitcoin is not only, because some people decided to throw more money in it, but it may be also because the sell pressure is lower. |
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a lot of altcoins are being dumped every day and many of them never recover, i don't think this is going to change because of bitcoin price.
i think it will only affect a couple of them like eth to go down and like ltc to go up.
When I said "a lot of altcoins", I meant the ones that matter and people have genuine interest in them. You are assuming most of the Chinese miners are paying retail for their electricity. I heavily suspect it's more like being in partnership with those in govt controlling the plant and splitting the profits.
Or a big part of the chinese mining farms are stealing electricity? I just wanted to make fair calculations, but of course I am 101% sure that in reality, a major part of these miners have lower costs on electricity. |
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It was different back then but there are people who still manage the bitcoin network,but with so many altcoins competing the devs plays a crucial role I will not invest in a coin with a developer that seldom updates about his projects
Why? The developer is responsible for launching the coin and make sure that everything is working. He is not obliged to post updates every now and then, because here is where the community steps in. I, for example, am part of cryptocurrency called FAILCoin, and our lead developer didn't posted a single word in our thread, yet the coin is more than 2 years old. The developers (with few exceptions) who post frequently cannot be considered as serious. Their work is not to pet the "investors". |
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Developers has nothing to do with the success of their coins. A coin does not need too much gimmicks in order to succeed. Many people think that features are very important, but that's not true, because of one simple reason - they are confusing for the general crowd. The key of success imho is simplicity. You have a lot more chance for better adoption if you keep things simple. People need to know the answers of these questions:
- what is this?
- how can I use it?
- why should I use it?
That's about it.
Now it changes everything from what I've known about crypto currency so if ever there's problem on the nodes or the block explorers or the nodes or any components of the coins who will fix that I think developers plays a crucial on the development of any coins,I am not a developer but you can always correct me.. We are assuming that we have a coin with working blockchain, but forget about that and answer this - what exactly Satoshi Nakamoto does for Bitcoin?  |
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I could also imagine that halving results in a dump of bitcoins because it simply doesn't pay off anymore for the miners...Will be interesting to watch.
I think that the average price of electricity in China (which many of you know control majority of the Bitcoin's hashrate) is about 0.08$/kWh. Let's assume that we are using 200 x Antminer S7, which total hashrate is 1PH (deliberately raised the hashrate and the power consumption of the device), and power consumption is 1250W per device (0.25W/GH). That means our total power consumption is 250kWh (or 6000kWh/day), which is $480/day (based on the price in China) or $14,400/month. With such equipment, at the current difficulty, you will be able to mine about 2.81 BTC/day or 84,3 BTC/month, which (based on current price of Bitcoin) means $1265/day or $37,935/month. If we assume that the price and difficulty of Bitcoin stays the same after halving, then you will mine $632/day or $18,968/month worth of Bitcoins. The price of Bitcoin (as many people think) will most likely not stay the same after reward halving, but even if it stays, the chinese will be fine. P.S. Keep in mind that the major mining farms in China made a ROI long time ago. They are not stupid. With that said (and using my calculations), they will be profiting until the price of Bitcoin reaches $350, which is not likely to happen... |
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