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Gone are the days of cheap XGR... oh well. at least my coins are staking nicely!
Question about staking... is it best to just let all the individual deposits sit and stake or should I transfer all at once to a new wallet?
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but in case of XGR .. everything ... like EVERYTHING is in masterlovesz hand ..
Yes, right now it is and that is a concern. Dev did mention that once there was enough gold then a site would be setup where you can exchange gold for XGR which would help mitigate this concern a bit. |
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Interesting, current network hashrate is above 5GH/s.
Wow. Currently 6.5 GH/s and 120 difficulty. Good news about more gold coming in AGAIN to back the coin! |
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I forgot to tell you that I contacted all the requested exchanges! Coin-Swap.net is the first result of my actions.
I had only good experiences with Coin-swap, they are fast and efficient!
I used their exchange without any problem!
I recomend them!
Great Work! Signing up now... XGR to the moon! |
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Yes, it will be next week as I slipped the deadline of sending the amount this week, so money will arrive only next week. I will try to send another set, to buy 2 gramms instead of 1!
I still miss that part where we can see how much of the premine has been sold for how much BTC in the OP. Maybe you could provide an excel tab or something like that? Hi, I had some personal problems lately, so I am a bit slow. I am aware that we need that. In this weekend, I will have more time to update everything. FAQ, sales report  . Best of luck Dev and thank you for staying with this coin and the updates |
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Another week, another gramm of Gold will strengthen GoldReserve!! Thanks to nexter who bought up this week XGR stash at 500 sat and thanks to the donors!!
Just a reminder, If we reach 11 gramms, I can start to set up a board for minimum buyback price!!
Any update on when your next purchase of gold will be? Thank you |
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It may be possible to create a floor price, but how will that floor price ever increase?
There will be less than 17m coins mined from PoW, that definitely changes the percentages that were pre-mined.
Not trying to fud, I am actually mining, just have a few concerns, thanks!
If you are refering the minimum buyback price, then just think about it, buyers and sellers create the price eventually, so if someone believe in XGR then they will buy the coins at a much higher price then the minimum buyback price because they invest for the future when XGR will have more gold then now, therefore the minimum price will be much higher so the market price will be higher too. I do not see your concerns. If we have less then I predicted that is a good think, less supply means higher price! If you refer to the ratio of total supply at the end of POW and the premine, then yes it is a bit higher, but still, if I sell the premine slowly, then it won't change the market price... What are the thoughts on publishing sub-miletsones. For instance.... When XGR worth ____ then ____ amount of premine XGR will be used to buy gold When XGR worth ____ then ____ amount of premine XGR will be used to buy gold When XGR worth ____ then ____ amount of premine XGR will be used to buy gold Maybe it would illustrate easier for people how the price rises will be good for the backing |
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Dev, have you tried to contact Cryptsy?
Can you be more specific on why Bittrex doesn't want to add us? Whats the main reason?
Hi, I tried Crypsy but they do not even answer to my email! Bittrex answered that they can not tell me whether the coin will be added or not, and they sent me a copy/paste answer as well. So no reason at all, at least I do not know why we are ignored... So, dev. What is wrong with exchanges like Swisscex, Comkort and Alcrypt. They are good exchanges. If you ask me they are better than bittrex. You should ask them to add XGR directly, now that is backed with real gold. Nothing wrong with those exchanges! People asked for Bittrex, that is all. I will contact them immediately, lets see what happens! thank you for keeping on top of this coin! when can we expect to see the second round of gold purchase? |
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I checked the daily audit but the new total amount will not show till midnight.
Despite that I am submiting the Gold Account where the gold is stored!
It is official now GoldReserve is backed by GOLD!!
GOLDRESERVEFUND yah good news  you buy it 66€ and the value is 24€  I have to quote coke15 here. Mesterlovesz74, if you bought 2g of gold for 66 € and the buy back price is now 25 € the fund made a loss of more than 60% !!!! That's ridiculous!!!! That's not the only thing, the other thing is that the premine has to be sold for far less than planned. Dev if you/we/the goldfund really loses 60-70% on each purchase of gold, we definetely need another strategy on how to get gold into the fund for less fees. I read it as the account has 2 grams of gold AND 24 euros (change). But need dev to confirm |
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Wow big miner just jumped into the bandwagon, network hashrate is now over 3GHs
And now a second big miner. This coin is attracting some attention I'm only seeing 1 new big miner on pool.mn, what pool are you looking at? same. i guess for only a short period of time he had about 250 MHs |
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Wow big miner just jumped into the bandwagon, network hashrate is now over 3GHs
And now a second big miner. This coin is attracting some attention |
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Transfer successfully landed on Gold account, I already bought 2 gramms of Gold. I have to wait for the daily audit, cause it is happening in every 24h. So for tomorrow, you will see the 2 Gramms of Gold on the account!
Happy trading fellows!
Please do not forget to vote on the sites I set on the first post!! (Mintpal, Poloniex, Hitbit, etc.)
Also, do not forget to check ALL the exchanges for good bargain on GoldReserve, we have Allcoin.com, C-cex.com, Kingcoiny.com!!
Awesome news! Very much looking forward to seeing this progress. Good work dev |
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This coin might be a hidden gem.
Backed by real gold it will have somesthing what all other coins currently in existance don't have.
A real inner value!
As long as dev keeps going there is unlimited potential here! |
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XGR price is rising slowly. XGR Goooo !!! Exciting times ahead for XGR. Looking very forward to the continual backing with Gold! Just the news today seems to have helped. Good work Dev! |
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We all are waiting for the start of the gold funding process. The dev mentioned earlier, he will start it July 14th. I guess only a few more days and we will see the first gold in the public account which backs XGR.
Exactly, FIAT transfer from bank to bank takes days unfortunatelly. I am heading to the bank now and will start the transfer now! It will be 2 Gramms of Gold and when it will be on the account I will put the link on the first post! This is fantastic news. Keep up the good progress Mesterlovesz74 |
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I am in agreement with you. We should not assume that getting listed on a major exchange will guarantee increase in price. Problem is if you back it with gold now, how will price adjust?
It seems that once the dev purchases the gold, then the coin will be eternally fixed to a specific price unless more gold continues to be purchased. Question is how will the coin continue to purchase more gold after the premine funds are used? |
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Was this ever worked out? I am getting the same error
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