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Don't count your TH/s until they have arrived, in boards and mining.
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got an email saying my order (#1851, a jally) was shipped 5/20. the tracking # says it left the sort facility in KC 5/21. usps priority mail (the standard shipping, not the upgraded shipping they offered).
I ordered 6/24.
Grats, let us know when it actually arrives, and update http://bfl.ptz.ro/ if it's not too much of a hassle. |
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You can't guess the real value of the coin. Miners only mine what is profitable, not the better coin.
People does not care about fast transaction, nor the name, nothing; is it profitable? Then mine and dump. That is the way to go at short term.
Miners are like a plague who eat, destroy and left. Any coin: FTC, CNC, WDC...
Miners generally have no idea what is "profitable" the use sites like Coinchoose to spoon feed them what to mine. However as I have pointed out in the Coinchoose thread, their methodology is flawed, and it is misleading miners. That image is still just mining revenue. Volume traded in BTC or USD is essential in letting investors know how their coin is doing. Last trade price is also a dud metric even for miners, you want a weighted average or candlesticks, you need to know the average trades that are going on, not the spot price. Mining has lead times.
I blame the confusing information on CoinChoose for the recent pump and dump by miners of FTC which has caused the coin all sorts of problems. Miners are pool jumping driven by the rapid changes on the site, from a simple change in profitability score, based on some pretty gross assumptions. Just because the spot price on a coin is X, it doesn't mean the miner will be able to sell his coins at that price, the spot price is usually not the same as the weighted average price, and it takes time, hours possibly days, to produce the coins, so by the time he has a salable parcel of coins, the price could have move all over the place. What's worse is without considering the trade volume, the miner is left to think they will always have buyers for the coins, which is often not the case unless they heavily discount, thus proving the profitability rating on CoinChoose to be misleading.
Need I mention that each coin has a different lead time until the next difficulty rate changes. That should be factored into the profitability metric.
https://bitcointalk.org/index.php?topic=152515.msg2098845#msg2098845 |
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WDC was criticaly flawed and premined. Digicoin is a realy much more stable and legit coin.
I like that it is going slow and steady.
It could become a winner.
DGC is a copy of WDC with a 5 sec slower block time. Not improvement. Block chain records debunk your premine claim. |
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Quick, start mining!!!!
I did when it launched weeks ago. About to sell them, been waiting for the right time. |
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A pool ran dead on 300 blocks on worldcoin.. is that a first for any crypto?
God must be hating on WDC then, lol.
I don't hold any WDC but then again I don't support any system which is fundamentally flawed.
That's just inadiquate pool setup, other WDC pools didn't. You do realize that chain splits are, happening somwhere at some point for all coins don't you? If you want to trumpet like a Luddite that the future of crypto coins is in impracticality long transaction times for retail merchants, go right ahead. I would like to see you accept BTC at a fast food drive through and have the customer wait for confirmation! 15sec is tolerable for most busy retail, that often how long a EFTPOS transaction takes. If client code needs modifyiing to increase resistance to chain splits, off you go, it's open source. |
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Its a shit coin with nothing new, It'll die just like feathercoin did.
I'll just continue merged mining btc and making 108%+.
You must be pretty thick. If you don't call 15sec block target new. Perhaps your just a troll? GeistGeld. https://bitcointalk.org/index.php?topic=42417.015 second block time. September 2011. Experimental currency, read your own link perhaps? I have already covered this claim in other threads. |
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What is really happening with WDC. Seen hashrate drop from 2GH/S to 1GH/S and again up to 2GH/S.
The flash mining crowd jumped over to PWC for a while. |
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Its a shit coin with nothing new, It'll die just like feathercoin did.
I'll just continue merged mining btc and making 108%+.
You must be pretty thick. If you don't call 15sec block target new. Perhaps your just a troll? |
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Only trolls and noobs are ditching WDC it's still the most profitable coin to mine currently at 127% compared to BTC. There are certainly more value buy then sell orders on Bter for WDC. Sell orders
Price Amount(WDC) Total(BTC) Count
0.00055 121.069 0.06659 1
0.00059 200.000 0.11800 1
0.00060 83.000 0.04980 1
0.00067 830.000 0.55610 1
0.00070 443.911 0.31074 3
0.00081 124.534 0.10087 1
0.00087 18.201 0.01583 1
0.00089 674.532 0.59966 1
0.00089 110.870 0.09867 2
0.00090 10.100 0.00909 1
0.00095 210.000 0.19950 2
0.00096 9.790 0.00940 1
0.00099 102.460 0.10144 1
0.00100 1,650.304 1.65030 Buy orders
Price Amount(WDC) Total(BTC) Count
0.00050 58.565 0.02928 1
0.00049 130.000 0.06370 1
0.00048 12.473 0.00599 1
0.00045 93.111 0.04190 1
0.00044 1,020.408 0.44898 1
0.00040 1.250 0.00050 1
0.00023 273.000 0.06279 1
0.00022 24,000.000 5.28000 1
0.00021 3,000.000 0.63000 1
0.00020 25,000.000 5.00000 1
0.00013 500.000 0.06500 1
0.00012 500.000 0.06000 1
0.00002 1,110.000 0.02220 1
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what has actually happened to it? anyone have any concrete evidence the block chain is broken or more FUD?
Miners pannicked...I;m not normally much for trading, but I'm buying now. I haven't sold any WDC, I certainly have bought some more. Most of the flash mining crowd are relatively clueless, the flock to whatever Coinchoose says they should be mining that hour, then they dump it and flock to the next coin. They have no idea on price and either sell at market or below to get a quicker sale. WDC is incredibly cheap, considering there is little reason to prevent it becoming more popular than LTC eventually. |
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I don't know what you guys are waffling on about, WDC is still the most profitable coin to mine on both Coinchoose and CoinWar by a long way.
I certainly haven't stopped mining it. You want to cry RIP, have a look at PWC.
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Lol, how many hours and how much screaming did that take! |
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I mean even PWC has some value if someone is willing to buy it. Issue I found was difficulty so even at low difficulty solo mining was returning very limited amounts of blocks so I looked at pools and they were having trouble finding blocks as well. I believe cryptsy has a ton of potential but it is a BETA and slowly but surely it will work out its kinks.
This pool is working and finding blocks http://pwcpool.erundook.netThe other pools suck so far. Just watch the fees, there is a 1.5% pool fee, an auto filled in 1.0% donation, and a 0.1 PWC auto payout transaction fee which is the killer, you have been warned! |
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coinchoose is wrong most of the time! do your own check up and math. coinchoose is biased toward hyped scam coins.
I quite like http://www.coinwarz.com/cryptocurrency but they haven't got all the coins listed. |
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pool 0 JSON stratum auth failed I checked the login details several times. I even cut an pasted the sample cgminer launch string the site gives. |
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I was solo.. but no coin in 2h.....  I beat you, no coin in 3 hours on two machines. |
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Curious to know how much people actually know about Ripple.
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But bitcoin is a currency and ripple is mainly an exchange system. This is like when reporters call mt gox hacks, bitcoin hacks.
The key issues are Ripple is an IOU debt system, not just an exchange system, the nodes are privately owned for profit, and the Ripple network is centralized with a transaction reversal capability. All these things fly in the face of the primary Bitcoin design decisions. Anyone who doubts this should read Satoshi Nakamiri's white paper on Bitcoin which can be found here http://bitcoin.org/bitcoin.pdf the opening paragraphs says it all. Abstract.
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone. Lets talk about OpenCoin's ethics. It's a deliberate ploy, on a naive public, to use a name like OpenCoin for a closed proprietary debt network, and try to talk about it in the same sentence as Bitcoin. Using underhand tactics such as paid infiltrators from OpenCoin to forums, conferences and other social media, makes me think they might also be behind some of the recent DDoS attacks on Bitcoin nodes and exchanges, plus some of the bot driven trade manipulations to try and keep down the price of BTC. |
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