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I really wanted to like this coin. I still love the name, but I just can't get past all the premine. It's way to much and once we hit any major exchange I fear the possibility of a dev dump.
I mined this hard for 24 hours and I will be dumping it the first chance I get .
Honestly the way this was launched was a bit sloppy as well.. It might of well been ninja launched (which it sorta was anyways)
I recommend everyone be careful.
Edit: when I first saw the announcement of this coin there was a tiny premine , but right before launch is when everything changed.
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I'm fine with it being closed source... Sounds like this will be unique which creates a buzz. Custom miner is a good idea which would make renting a rig impossible.
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how much for
Saphire Tri-X Radeon R9 290
where in cali are you
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If you guys at Razortech (along with Bryce) work as hard as the Vericoin team to get updates, new features, etc we are gonna go far with Razor  Op has stated as well as that interview with Bryce. There is a lot going on behind the scenes. A lot of people missed out on the first few days of mining since this thread got buried so easily. I suspect right now people are trying to accumulate without driving up the drive to high. Once we got block 20,000 and the rewards drop even more I feel that's when we will start to see the price really start to increase. If you notice the price hovers around 10.5-12k and if it gets up to high it gets pushed back down. |
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Yes it's working fine , and it's good i think what's the problem ?? no idea, isp issues perhaps? |
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can you fucks please learn to read code before posting stupid shit
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renting make mining centralized, is bad as hell, what minerals did is superb, fight the centralization with centralization, but offering at least an equal chance to everyone, because field is levelled
I wasn't aware of what they did until now (after you mentioned it). Had a quick read. It seems like they did try to centralize it, but how easy would it of been to sign up multiple accounts with different ip's? they said they was monitoring, in fact the diff stayed about the same for the whole pow time, cheating result in a ban of your account easiest solution: new algo - no rentals - no fpga's - no asics - no centralization how can you do it without centralization? if you release the wallet they remove the limit with a new algo, no big mining rigs will be able to mine it.. a miner must be developed, you can only do solo for the first days. you can rent cpu with amazon srvice and point it at your miner in solo mode, not much of a difference between that and betarig lots of ! renting @ betarigs is as easy as three clicks, renting cpu's @ amazon needs much more expertise and is really not that easy. Where have you been @ the launches of Darkcoin/Maru etc... It was way fairer then.. At first there was Solo only, then CPU Miners were developed, then sgminer added the coin and people started mining with GPU's after 3-4 days.. not within the first seconds of the coin like now.. especially when they throw like 1 GH from betarigs on the coin .. this way the people with money make money - the people without don't ... Yeah renting off of amazon or digital ocean is a bit more difficult. When I was a newbie in mining it was hard for me to get those up and running. |
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renting make mining centralized, is bad as hell, what minerals did is superb, fight the centralization with centralization, but offering at least an equal chance to everyone, because field is levelled
I wasn't aware of what they did until now (after you mentioned it). Had a quick read. It seems like they did try to centralize it, but how easy would it of been to sign up multiple accounts with different ip's? they said they was monitoring, in fact the diff stayed about the same for the whole pow time, cheating result in a ban of your account easiest solution: new algo - no rentals - no fpga's - no asics - no centralization New algo would be nice, but wouldn't all the big farms just "adapt"? |
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renting make mining centralized, is bad as hell, what minerals did is superb, fight the centralization with centralization, but offering at least an equal chance to everyone, because field is levelled
I wasn't aware of what they did until now (after you mentioned it). Had a quick read. It seems like they did try to centralize it, but how easy would it of been to sign up multiple accounts with different ip's? |
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Any early guesses on what this coin will be worth?  At this point it is just another X11 POW/POS coin. You can take your queue from other similar coins with no features. The dev will have to add special features etc etc to make it stand out. 5M counts in its favour. It also depends if POS and POW is simultaneous so that it might be that only 3M end up in circulation by end of POW. We'll more points to consider are Fair launch Dev made premine public and is using it for the community Raining free coins etc Fair launch So odds are in favor right now of being something worth more than the usual x11 coin that got instamined Fair my ass. It depends on your definition of what fair is. Fair to me means fair distribution and giving people an equal as possible change to participate in the mining. Given the launch went smooth. However, the coins are not fairly distributed. The large farms are hash raping the coin and this will cause one thing and one thing only. List on an exchange, pumping it up and then massive dump by the large pools and large farms. All the small guys and hopeful n00bs will get burnt. Coin will go downhill from there UNLESS, UNLESS the dev is quick to implement hot flavour of the month features and cool future plans. Then it will go well with the coin. As things stand now I would bet on the first scenario. Fair my ass. Everyone had an equal chance. It's a persons *choice* to rent miners or not. It doesn't matter what the algo is.. scrypt, X11 or X13 there will always be large farms waiting to jump on a coin. As mentioned before, mining a coin at launch is high risk high reward. Pay to play |
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Wasn't ltc trying to fork to a new algo?
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Any early guesses on what this coin will be worth? At this point it is just another X11 POW/POS coin. You can take your queue from other similar coins with no features. The dev will have to add special features etc etc to make it stand out. 5M counts in its favour. It also depends if POS and POW is simultaneous so that it might be that only 3M end up in circulation by end of POW. We'll more points to consider are Fair launch Dev made premine public and is using it for the community Raining free coins etc Fair launch So odds are in favor right now of being something worth more than the usual x11 coin that got instamined |
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People need to understand that the coin launch went perfect - it all depended on what pool you are on!
Agreed |
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launched yet?
Pools compiling now probably |
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Least this is a fair launch
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I just instamined 60% of all Razor coins in existence.
The question is, Should I Dump or should I not Dump?
The arrow is heavily leaning towards DUMP!
Didn't you say 70% in your previous post? The kids retarded. Give him a break.. |
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stuck at #49 ?
looks that way |
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not a bad launch
pools got in around block 25 looks like
Yep. Around that.  Also, need stable nodes. Welp this was the best launch of a coin today. not much instamine so im happy |
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Block Reward System
0.1 SVR ( Block 2 - 100)
1.5 SVR ( Block 101 - 1000)
1.0 SVR ( Block > 1000 )
TXFee 0.00000001 SVR
Copy & Paste
I saw that earlier, but everything is a copy and paste at this point. |
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