just brought another 30K pawncoin...
it seems only me are buying...
I assure you it's not just you Edit: Can anyone link me a safe and reputable place to rent a mining rig for pawncoin with BTC? I have used https://www.betarigs.com few weeks. I have ~20 rents without problems. I have leased ~5 times my own rig without problems. Select rig with good feedback. |
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just brought another 30K pawncoin...
it seems only me are buying...
You not are only one who is buying... there are few reasonable buy orders. Another thing is that at low net hashrate its more profitable rent rig for 3 hours than buy from market. Current diff ~9-10 means that if u rent rig for 0.0065 BTC Price/Mh/day. Breakpoint is 620 satoshi for buy or rent. If market price is below it, then its more profitable to buy from market, but if its more than 620, then u should rent a rigs and hope that ipominers not jump in  . Devs said that they want make cloud mining services for Pawncoin. That have exactly the same idea, provide mining for debtors if its cheaper way to pay back. |
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Difficulty has absolutely plummeted, I guess a lot of multi pools jumped off?
ipominers is only multipool what i have seen farming PAWN and they have rotation. bltz launched yesterday and now they farming it. |
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its just pawns price that gets me down  this coin could really be something. its a real catch 22 situation. people wont accept pawn cus it has no value pawn has no value cus people wont accept it. Take me as an example, I like exo but I want to invest in spark ipo, I will gladly pawn my stake and invest in spark, but its just not possible right now. I cant be the only one I think something to consider is, while the price can be considered "low" right now, look at the sell orders. People are not willing to sell large amounts of coin for anything near the "low" prices you can initially find on the first buy orders. If you want to make a real large purchase you will rip through the orderbook. Yeah, if u keep big ~900-1000 satoshi buy order, then u get 1-2 trades in hour and all sized 1-200 units. |
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Lastly, our online Pawnshop will be model after a traditional banking system. That's why we are launching with an exchange and online wallet services. Revenue will be from transaction fees from online wallet, Android wallet,interest charges, exchange commission and voting system. We will be paying interests on deposit from our revenue to users.
We might add the options to add other coins to the coins available for loan after the dev paid some fees to start the capital needed.
In general, Pawncoin has evolved into a business oriented coin that will be profitable to long term investors.
Thanks, that was very nice update! I have played in pawn markets few days and before ipominers jump in it was very hard to get any purchase of pawns with decent price. After jump in there slightly more small sell orders. |
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wait for some update and good news!
what good news In the future, we will be launching CLOUD MINING services, so that our debtors can either mine Pawncoin or buy at the exchange market. Sometimes its cheaper to mine rather than buy  I have some close connections with some individuals that offers rig rentals, but i would prefer for Pawncoin Foundation to have her own rig business rather than depends on others. Btw, I've been thinking for a few days how you ensure that debtor gonna pay back his loan? Collateral? interests goes up after late payment but the loans will be available to only reputable members at start. Understood :>. Is there any online pawnshops ready in operation who is taking now only cash, because I have also thought how people take online shops? Do they really use online version of shop? In USA where are long traveling distances it might work. There are online pawnshops in Canada and USA. Most of them pay for your shipping. Good, that's good news for people who come from some other country than USA/Canada. Here where I live not are any online pawnshops in my knowledge. |
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wait for some update and good news!
what good news In the future, we will be launching CLOUD MINING services, so that our debtors can either mine Pawncoin or buy at the exchange market. Sometimes its cheaper to mine rather than buy I have some close connections with some individuals that offers rig rentals, but i would prefer for Pawncoin Foundation to have her own rig business rather than depends on others. Btw, I've been thinking for a few days how you ensure that debtor gonna pay back his loan? Collateral? interests goes up after late payment but the loans will be available to only reputable members at start. Understood :>. Is there any online pawnshops ready in operation who is taking now only cash, because I have also thought how people take online shops? Do they really use online version of shop? In USA where are long traveling distances it might work. |
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wait for some update and good news!
what good news In the future, we will be launching CLOUD MINING services, so that our debtors can either mine Pawncoin or buy at the exchange market. Sometimes its cheaper to mine rather than buy I have some close connections with some individuals that offers rig rentals, but i would prefer for Pawncoin Foundation to have her own rig business rather than depends on others. Btw, I've been thinking for a few days how you ensure that debtor gonna pay back his loan? |
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Thanks for the heads up here - I noticed some problems this morning just trying to access it, I kept getting errors returning. Sometimes it would allow me in, other times it wouldn't. That was enough for me not to deposit anything else there. DEVS - maybe remove cryptorush from the OP? The faster this coin can distance itself from these kind of things (or any coin IMO) the better. Can't withdraw my fund from cryptorush. I am 100% sure the exchange is done It took while for me. Failed like 3-4 times untill success. |
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ipominer.com jumped in
Seems, that is nice for wider distribution . Bad thing is when we hit to cryptsy, then users of ipominer auto sell coins in cryptsy. Its baaad.... :/. I don't speak for all miner's on IPOMiner but personally I use it to get a basket of interesting coins that 'might' go further..I'f I wanted mine and dump I'd be on any of the Poolpicker.eu tracked sites. Yeah, probably majority of miners thinks same way in IPOMiner pool. |
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ipominer.com jumped in
Seems, that is nice for wider distribution . Bad thing is when we hit to cryptsy, then users of ipominer auto sell coins in cryptsy. Its baaad.... :/. |
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Wow, network hashrate just raised from 0.4GHs to 1.2GHs  . |
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Hmm, got buy signal and robot tried many times to trade but it not never got filled.
in 20-25min timeline log have many times this kind of message
24.3.2014 19:45:47 Order failed or timed out: Buy 2,79062904 Ltc @ 0,0274000 Btc/Ltc. Reverting to previous position.
then finally it said
24.3.2014 19:48:15 2,77040609 coins bought for a price of 0,02760001, the last sell price was 0,0
and robot went to bought side
Then I wondered for a moment why bought balance not increase and went look to crypsy website... there were open order for 2,77040609 coins.
So BTCe API get disconnected for me. Cryptsy not work right, announces the successful trade, although this has not been ever happened. Is there anything where this robot work? Please stop adding new features before the old works. Its the most important rule in software development.
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how about reduce the block reward to 250 pawncoin/ block or 50 pawncoin/ per block？otherwise,after three month later, we will have so many pawncoin!!! ？ USDe supply is 20x bigger than pawn and USDe have no real demand atm. |
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This is pretty common for me
2014-23-03 05:03:40.035 |TRACKER_INFO| Weight price calculation failed for Cryptsy at LtcBtc due slow API, fall-back to last price data
Any clue why its slow?
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some promotion ?
Promotion? We are currently talking with a marketing consultant, he will be managing our social networks and other promotions (the deal is yet to be finalize). We just scheduled appointment with a web designer (they will be working on our online pawnshop and Pawncoin foundation website). We are looking into rebranding our current Pawncoin logo to something more unique than a regular coin shaped logo and we will appreciate if anyone can volunteer his/her time to contact Chinese exchange about adding pawncoin. Cant wait when these begin to be realized in the visible . If this coin success in roadmap, then this coin will automatically to be noted in whole bitcoin community. Devs need success in their plans and then it does not matter have we good community or not. Hard work and good results always be noticed. This is like startup company who build things to infrastructure, technology and staff which also own very large risks. If risks realized someday to value, then this going be skyrocket for those who have believed. Patient is our friend now because devs are working things which can not be done overnight. |
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I also have that BTCe api disconnection issue, cant use BTCe at all :<.
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Would I pay BTC for this coin? Hell NO
Do I have an interest in this coin? Hell NO
Would I solo mine if I could? HELL YEA!!
I'm a altcoin junkie!! The thrill of seeing if my shitty 5Mh/s can score some blocks is why I'm here.
This coin offers none of this.
Then this is not your coin, go to the next one |
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