Here's a quick update for those interested.
One thing on the horizon for Vertcoin in terms of new features is stealth addresses (anonymous transactions).
I am worried about legal implications.. isn`t it better to have "3rd party" solutions like dark wallet, etc? |
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public EU node on 2nd net please  |
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I see this coin is now on "life support" and if I am to speculate, by the end of the month it will be dead (if not before)
It is fascinating how people are delusional about this coin, hoping to make millions.. I feel sorry for people that invested in this crap..
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I think it is not only CEO and whatever LLC that supports the business model, it is community also, miners that keep solving transactions to keep your business model sustainable.. you seem to keep forgetting that part..
Even tho "coins" are not real shares on which you gain dividend based on gains, they are still very powerful since they hold market cap.. if they decide to start dumping all over the market, who will LLC dump sale coins to then ? It can hurt your business a lot or even make it collapse.. don`t get carried away!!
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What I think would be the best is not to change block rewards but block time, it will lower inflation and extend mining period of a coin.. coin is too fast..
But hey, I don`t think no one ever tried something like this before.. it is OK to make a mistake, but it needs to be fixed and we can watch the experiment unfold..
I didn`t invest, just mining/buying.. but I think investors need to decide not CEO, without investors there would not be any CEO...
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It really does not make a difference how many coins there are, but the rate at which new coins are produced or block time does
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Yes it will be mined, but miners will move in and out quickly and your network will not gain growth momentum since it is so fast, you can mine market cap quickly while nethash is low and move on.. you can`t build up network that way.. only if the whole crypto-community jumped from start which is unrealistic expectation.. you need TIME so word can spread... I mean 6 months halving, do you expect everyone to know about coin from day 1?
yes it will take time to recover, but it will be ruined immediately, and people could leave to mine more profitable coin.. which means it will not recover in that case..
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Why would you mine for days, months, when you can mine percentage of the market cap in few days and move on ?
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I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows..
IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time..
I agree the coin economy is misaligned with business growth at present... it's kind of a scary downwards spiral atm. You know.. we could hard-fork this coin and reduce rewards or change rewards schedule, as needed... could still pull it off at this point given low adoption rate. Just requires everyone to updated their clients. Well, it is up to ya`ll to decide, but pumping half of the coin cap in just 6 months is insane and you already have ~10% of the market cap out.. It would be also good to lower transaction confirmations because there is no need to have it at 1 minute for each block, its not like customers are standing and waiting in line that you need fast confirmations. Confirmation time have direct implications on blockchain security.. here is a good article on this subject: http://bitcoinmagazine.com/8972/quarkcoin-noble-intentions-wrong-approach/But again.. changing coin economy is very bad, because there are big miners that mined a lot already and have moved to other coins since this one is so fast and you might loose trust of the people because it is a direct market manipulation |
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I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..
So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh
And I am saying it is a bad business move to hold a sale and not have at least a few on reserve. People will plan on buying a particular piece of equipment and if they show up and they find out they did not sell any that day during the sale it would be dissapointing. Even if it is just a 3 or 4 cards. GpuCoin can pull them right now from the store if they have not set aside some yet. But I have faith in GPUCoin that they would not advertise a sale and not have the items people are showing up to purchase. In case they did not have this good customer care foresight, it is worth mentioning here so they don't upset customers. I will be waiting when the store opens so I will be irked if they do not have any on sale. It would be a waste of my time. You should not be that harsh on them, there will be many more sales man.. Its not like this is their last batch of cards and that`s it.. it`s the first one with hopefully many more to come.. They`re just trying to keep the wheel spinning.. Aaaaand, the current buy pressure is what comes from being at the top of the coinwarz list. All the mine-n-dumpers hit and roll once the buy pressure is gone.
waltsmith
I`ve sent mail to CEO that he didn`t reply to.. IMHO it is a technical problem with coin economy.. coin is too fast in relation to business growth.. it will even out eventually as business grows.. IMHO fast coin does not encourage miners to stay on the network to protect it over long period of time.. |
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I think they said they will be running sale to get rid of current stock that is left, because they will move in next batch..
So better be ready to buy 280x just before stock runns out if you need it.. it seem we`ll have a huge sale of 240s hh
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I think that 6 were sold in one day.. that is sweet!  But I think that there are too many 240s in stock.. :/ |
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Been reading trollbox on poloniex and it seems the hot coins are X11 algo.
Mining X11 myself and I gotta say there's no question, its the future for GPU mining.
Here is a comparison of X11 to N-Scrypt on my rig (3x r9290) at fastest stable setup for each.
N-Scrypt - 1070-1090 Watt consumption, 90-92 deg C, Fan duty cycle 75-90%
X11 - 605-609 Watt consumption, 72-74 deg C, Fan duty cycle 45-50%
X11 is made for GPU! ASIC resistant, GPU friendly. Above stats prove it. Rig sits in my room purring quietly, hardly even notice it. Can't say that for Scrypt or N-Scrypt.
Of all the coins on X11 GPUc belongs on X11 simply because of the idea behind the coin!
I`ve read that there are no optimized miners for X11, thats why it is running cool and under low power.. GPU is not utilized 100%.. allegedly there are "private" miners that can achieve 100% GPU utilization with X11 algo.. |
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Yes, that is why I think exchange like Kraken is best option.. I mean they even trade USD/DOGE directly...
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Yeah, but you need to understand that GPU price drive was due to supply when miners were buying new GPUs.. now they do not need GPUs anymore, hopefully when the next generation cards come out that are more efficient, then this coin will gain traction... BUT only if miners can get prices cheaper then anywhere else..
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Keep calm people, this is not classic pump and dump coin... if you trust in business model you will invest now with losses and wait until it kicks off and market sattles down.. when there will be the need for this coin then the price will rise, not because of stupid hype marketing.. just wait until new generation of GPUs start hitting the market...
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Ahahaha treba napravit majkemicoin pa napokon omogucit placanje na majkemi  |
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