Hiro is already valued 10x more than what it should. There is a reason for DarkCoin's current valuation, namely innovation and scarcity. Hiro offers neither of those, compared to say EMC2 which is valued at 300 sat despite being scarcer (300M) and will soon switch to x11 as well.
Dark is pointless to mine, I got like 8 coins/day with 4 280x cards. If you are an early adopter good for you, but it's totally unattractive to me to buy or mine right now - It's reached it's top. Hiro on the other hand, Famous last words? Those 'like 8 Darkcoins coins a day' are now worth $60+. How much are those Hiro's worth?  Hiro is already valued 10x more than what it should. There is a reason for DarkCoin's current valuation, namely innovation and scarcity. Hiro offers neither of those, compared to say EMC2 which is valued at 300 sat despite being scarcer (300M) and will soon switch to x11 as well.
so you think hiro is worth 30k market cap? Lol good trolling there. I don't think he understands how to value a coin. He's talking about sat price instead of market cap, he seems rather clueless. Just following in your steps, I did have enough of a clue to know to dump Hiro at 4000, which was the correct call. However you seem to think the value depends on the number of coins you you can get mining. I hear you get a lot of coins mining Doge, maybe you should try that. I think you have very limited knowledge of markets. You say the price is 10x overvalued. Drop the price by 10x, it brings the market cap to about 30k. You are crazy and stupid if you think the totality of hiro is worth 30k. That's probably even less than what it costs in electricity to have mined the current coins lol Also, you are saying you sold at 4000 sat. Good, so it either means you contradict yourself or are just trying to buy more for cheaper. If you held on till 4000 sat, I wonder where it fits with your mentality that it's worth 250 sat. IDK where you are getting a market cap of $30,000 @ 250 sat from. Hiro has a total 600M coins and the current mined total is ~15M, 6M of which were mined at an artificaially low diff. I've already stated why I believe Hiro is WAY overvalued at the current price and your argument to the contrary is just to say i'm crazy and stupid because YOU 'think' it's worth more. Just because I believe it's worth 250 sat doesn't mean I have to sell it for that price. We aren't talking about a company backed by real assets and customers or fiat currency backed by GDP. Any value ascribed to a crypto currency, especially one without innovation is speculative in it's entirety and HIGHLY subjective. The entirety of this made me giggle. Thanks. You're entirely welcome. Just remember he who laughs last, laughs best and especially with an insta-mine Pump and Dump like HIROCOIN! ***EDIT I also wanted to clarify since you edited your original comment. There are LOTS, if not MOST crypto currencies that worth less than the electricity it costs to mine them especially after the pump and dump is finished. Looks like we now know who know who was clueless, HAHAHAHA  |
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Dear developers, please, take a look how BC "mining" is orginized at: http://blackcoinpool.com/pool-statsFor instance, I would love to mine straight for SC using GPUs and X11 as all GPUs are becoming uncompetitive for Scrypt mining. To create positive price pressure you must create multipools for Scrypt, Scrypt-N, SHA, X11. This coin is going NOWHERE without using tremendous hashing power of those who believe in SC and wiling to use that hashpower to suck other coins dry pushing price for SC up. Please, don't underestimate importance of miners who would be able to mine other coins, selling it for SC. I will become total convert to SC only when I see it done. Untill then, I am buying on dipsbut commited not more then 7-10% of what I otherwise would. I am sure many who read but don't post on forum might do the same. Get those multipools orginized ASAP. P.S. Don't point me to existing multipool as I have GPUs and under no cirumstances would mine on Scrypt multipool. Your dislike about current Scrypt mining is misguided and unfounded. Multipools are about mining the most profitable coins in terms of their price based in BTC's. In fact, Scrypt based coins are among the most profitable coins to mine and X11 coins are little more than hype, which is why they are among the LEAST profitable coins to mine and which is contrary to the goal of multipool mining. |
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Groestl is a great algo and 3x more efficient than x11! Please post a countdown to ensure we all know when the launch time is.
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No block source available ... again  Does anybody have uptodate node list ? A few online at the moment: 106.41.75.54 108.41.201.7 89.216.18.132 121.37.43.201 93.81.219.103 [2001:67c:2324:0:21a:4bff:fe0a:974f] still does not work maybe I should add ports ? Where do you get this list ? The only nodes I have added to the maxcoin.conf are the ones included in the conf file with the wallet. Zero connection issues and I currently have a total of 9 active connections. # Seed nodes
addnode=node.maxcoin.co.uk
addnode=wombat.dar.sh
# Provided by max-coin-dice.com
addnode=94.23.80.59
addnode=198.50.155.236 |
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A custom-coded wallet is a good start, but SilkCoin will have to show significant innovation before the marketcap can grow in any meaningful way. Rehashing old ideas and presenting them in a different way is not innovation IMO. BTC, LTC, DRK and to a smaller degree coins like VTC and BC are all coins that gained significant marketshare based on the innovation they brought to the table, rather than the way it's presented. SC is also not the first coin to have a custom-coded wallet.
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I suggest you look into what's called the '51% Attack' and 'Timewarp Exploit'. From what i've read, having over 50% of the network hash does not guarantee a successful attack, it only makes it more likely to be successful. Litecoin's fast block times also make it much less likely for the attack to be successful compared to BTC.
None of that is right. With a majority of the hashpower an attacker has a mathematical certainty of generating the longest chain. However an attacker would probably want a larger margin so there is more confidence over how long it takes for the attacker to come out ahead. A faster blocktime does not reduce the chance of success. A faster block time means a higher rate of orphans which means more of the legit miner's hashpower is wasted. An attacker is not subject to orphans as the attacker will always build only of his own chain. That being said an entity simply having a majority isn't a guarantee there will be an attack. According to the site below, an attacker controlling 50% of Litecoin's network hash only has a 46.46% chance of a successful timewarp attack in 100 years. For Bitcoin, the same attack would take less than 1 day before it's successful. The more of the network hash an attacker controls, the more likely the attack is to be successful. http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/ |
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I suggest you look into what's called the '51% Attack' and 'Timewarp Exploit'. From what i've read, having over 50% of the network hash does not guarantee a successful attack, it only makes it more likely to be successful. Litecoin's fast block times also make it much less likely for the attack to be successful compared to BTC.
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Quote from: Prominence on April 23, 2014, 07:59:09 PM
"The OP could dump a total of 141BTC worth on all markets this coin is traded on if the value is 2000 satoshi. (Expected value for this amount of total coins with such a reward)."
Prominence seems to have been spot on.
Um, other than his math skills. 708000*.00002000=14.1, not 141. The FUD about the dev dumping coins has no basis in fact. The premine was confirmed to be 0.5% of the 100M maximum total coins = 500,000 UVC https://bitcointalk.org/index.php?topic=590681.msg6546825#msg6546825At the high of 2000 sat, the premine was the equivalent of 10 BTC, hardly an excessive amount. Part of it was also used for bounties, giveaways and to compensate people that rented rigs for the prior launch. The launch was fair and without any instamining with the 1 coin block reward for the first 200 blocks. While the current price of 350 sat is certainly low for those planing on a Pump and Dump coin to day trade, I don't think the short-term price should be the dev's primary focus and I await to hear his further developments. |
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I believe Darkcoin is the only coin that uses inverted block rewards based on the current difficulty (the exact formula is in the Darkcoin announcement thread). The higher the network hash and resulting diff, the lower the number of coins awarded. As such, the number of coins released per year can only be estimated.
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I would say it's quite the opposite. After BC's incredible performance for a coin that is today less than 3 months old and despite the flood of copy clones created in an attempt to imitate the successful model that BC initiated, to date none has been able to gain significant ground on BC in terms of price or volume. At best all these copy clones have managed to take away some of BC's marketshare, with each new one resorting to more and more gimmicks and illusionary nonsense claims in an effort to cash in. To me that is a testament to BC's resilience and community. A short-term price consolidation is not only natural but necessary to build a base from which further gains can be achieved. No investment ever goes up by orders of magnitude in a straight line and that is especially true in altcoins.
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Anyone have 1 SYNC yet?...lol
1.25 here I had 2+ but sold almostly for some small & quick profits. I need to be careful not to be burned, most of the PoW/PoS coins always hot in first day because diff always high, then slowly decrease and drag the price down. then some of them take off, see dream, white and liberty There are plenty of PoW/PoS coin recently, but very few (WC AC CINNI XLB) can maintain high trading volume and make their way to Mintpal. Even the SHIBE which has 200-300 BTC each day in 5 days straight couldn't get to Mintpal, i'm sure Mintpal don't want to add too many PoS coin in only one month. I'll wait to see how things will happen to SYNC so i could make my decision to invest againe or not. The greed factor has increased by 10x ever since the popularity of BC. These alt clones are just it's natural course to try an cash in before it bursts. With each new one resorting to more and more gimmicks and illusionary nonsense claims in an effort to cash in. It will be interesting to see how many of these will be be around in a few months. |
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Can you at least explain what is this?
Another one of the many scam coins designed to cash in on the popularity of BC? |
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i cant believe people selling.the miss the whole concept of PoS.and this one you really want to hold.the only people who are selling are in it for money and greed.they dont really care about the future of crypto in general  These alt clones are all the same and created for a single purpose that has nothing to do with creating a true altcoin. The problem is while hash power keeps growing exponentially and diminishing profitability for the average miner, BTC is a limited resource and the more people that get burned in these scams, the less fools there are to participate in the next alt shitcoin that comes around. I hope to see the day when all this nonsense comes to an end and instead focus on alts created out of innovation rather than illusionary nonsense. look like someone who invested his life savings in asiacoin ,now turned preacher. As I said, illusionary nonsense. Thanks for contributing towards the dumbing down of crypto! |
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i cant believe people selling.the miss the whole concept of PoS.and this one you really want to hold.the only people who are selling are in it for money and greed.they dont really care about the future of crypto in general These alt clones are all the same and created for a single purpose that has nothing to do with creating a true altcoin. The problem is while hash power keeps growing exponentially and diminishing profitability for the average miner, BTC is a limited resource and the more people that get burned in these scams, the less fools there are to participate in the next alt shitcoin that comes around. I hope to see the day when all this nonsense comes to an end and instead focus on alts created out of innovation rather than illusionary nonsense. |
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Little checklist:
Name: sucks
Logo: sucks
Devs: one (sucks a lot)
Comunity: we will see
Quantity of coins: sucks (who the hell want to use 0.000000x amounts??)
POS reward: sucks (1% canīt even cover lost coins)
Premine: sucks a lot (with 0.5% its 5 SYNC * 2 BTC current price -> instant 10 BTC for few bitcointalk posts? cīmon..)
As if that wasn't obvious enough, you can add the source was released before the posted launch time as well as the wallet. Launched with over 100 blocks insta-mined for a total of over 7 SYNC before anyone could download the wallet and get running: https://bitcointalk.org/index.php?topic=607919.msg6786848#msg6786848 |
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So the race to find the biggest fool left with the highest priced shitcoins begins! Man shut the fuck up. Every single coin is SHIT . Wat the fuck is new? Does it stop people from trading. Which is exactly my point. All these shitcoin clones follow the same path based on the fact they have no use other than to separate fools from their BTC. To claim this is a 'long-term investment' and a 'store of value' doesn't even pass the laugh test by any measure of a credible statement based on fact. The real fact is in a matter of hours another shitcoin just like it by another name and even the same 'dev' could be created with 500 or 250 or 1 coin and all that phony value goes up in smoke just as quick as it came for those left holding the bag. |
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So the race to find the biggest fool left with the highest priced shitcoins begins! |
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This coin has no use other than to separate fools from their BTC. It's a copy clone shitcoin with ZERO purpose or long term plan. The fact that it has 1000 coins is 100% meaningless, when in a matter of hours another shitcoin just like it by another name and even the same 'dev' could be created with 500 or 250 or 1 coin. What difference does it make if the coin has no real use?
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