Liquidating alts into BTC to sell for fiat. Seen this happen many times when BTC rises.
Worse yet! (and, yes, understood, that makes sense, but, as I said, that's worse yet, and further undermines your argument). mine those coins into oblivion by immediately
Ever heard of difficulty? To that I reply what may sound like an idiotic ever heard of ASIC? Really, flound, I can't believe I'm hearing this from one of the most important pool operators around. ASIC cuts scrypt power costs by what? Over 900%? Said another way, ASIC mining variable costs are 1/10 that of GPU mining? (That's just to throw out low-ball figures - the high end is around 1/20th the cost, so get ready.) "Ever heard of difficulty?" Are you serious? At a 1/10 cost to mine, difficulty could rise 10 fold and the ASICs would still be profitable!!!! Where do you think the widely distributed user base and secure network will be by then? 99% of scrypt coins are currently NOT PROFITABLE using GPU, *ALREADY*, and price isn't rising. Why do you think that is happening? You think those coins will be able to recover after the ASIC demolition? You're dreaming pal. As soon as they go back to profitable for the ASIC, those same ASICs will be back like zombies. The position you are arguing is untenable, and your argument (or lack of as it were) only more clearly reveals that fact. As I said, I can't believe I'm hearing this from you. I can only guess that you must have a very strong predisposition that needs to be reinforced at whatever cost. In any event, let's promise to get together and talk about this again once diff has risen by 1000% (you and the handful of ASICs still mining on Multipool  ). I'm not sure what you're trying to say. Difficulty adjustment ensures a constant supply of coins no matter what the network hashrate is. Yes, you'll need an ASIC to mine scrypt efficiently, you pretty much do right now. Just because people have ASICs does not mean that more coins per day will magically be produced. The production rate will be the same as it is now. Some (One?) scrypt coin(s) still have slow difficulty adjustments, which means that the hashrate of those coins will most likely start swinging violently every few days until a faster adjustment is implemented. Still, I can't see LTC getting caught in a difficulty trap unless most of the dedicated hash on it drops off and I just don't see that happening. |
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I agree that as bitcoin starts to pickup steam from the bottom of a dip people will sell alts to get in on it.
If btc has another huge rally though at some point all the new money coming in starts to trickly down to alts and they become very profitable again.
This is my experience from last time as well as my interpretation of the graphs.
As for DOGE I think it's a little overpriced, but at the same time it's built on a community that is highly emotionally invested in it and that is not a small thing.
I would actually say that DOGE would survive a 51% attack much better than LTC for example because LTC is full of investors who will throw it away if it stops performing, there's so many other options.
The DOGE community will stick with it no matter what happens, DOGE will never win, but it kind of can't lose either because it's not really competing like all the other coins.
And in some weird way that makes it strong it it's own right.
I think Doge can win if it is still relevant 1 year from now when only inflationary mining is happening. i just am not sure it will survive But how would it die? No altcoin that's on major exchanges will EVER die, even if the devs abandon it, other people will take over and fork it. The most obscure shitcoins from a year ago are still going strong. |
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Lots of urls on the frontpage of the website. Which US url should i use with a 1TH SHA-256 miner? Should I put it on a high difficulty pool, does it matter? Thanks for any help
I'd set up whatever pool (east, west) is closest to you (by ping) along with the same region's ddos-protected pool as a backup. |
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The Avg. SHA-256 Profitability(BTC/GH/day) in you home page changed dramatically.
Now it shows 0.00012014 for a day 0.00011029 doe 3 days 0.00010128 for 4 days.
What are the actuals? I only getting half of it.
Whatever's reported in your profit snapshot is vastly more accurate than what's reported on the main page. We're generally above Bitcoin by about 10-15%. I'm working on making the main page more accurate but right now due to the way the SHA-256 multiport is architected (it still uses the old, disconnecting switching, due to us using a proxy for BTC), it's difficult to get an accurate profitability number for the switching port. |
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3 poolservers and both hot and cold wallets frozen with "errors" : "EXCEPTION: 11DbException \nDb::put: Cannot allocate memory \nArgentum in ProcessMessages() \n" No, I don't think this is my issue. |
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It looks like this is a PoS coin -- what codebase was this forked from?
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Curecoin will be added within the next day or so.
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Buy orders on Cryptsy have been chewed up dramatically in past couple of days as Bitcoin gets a bounce.
There appears to be no resistance for Dogecoin heading downward. I can't help but feel bad for the Dogecoin holders. It doesn't seem fair that so many tippers and so much of a community cannot support the coin's market cap, however, it shows how important big time investment money actually is to a coin. A loveable community only goes so far in the world of finance and global currency. Doge is in peril.
ASICS coming out are going to destroy litecoin and dogecoin IMHO. For miners, these coins are only alternatives to getting more bitcoin and everyone is starting to realize that.
No destruction, not due to asics. What we're seeing is the last of the sell pressure on Bitcoin evaporating, with people liquidating their alts to sell at these levels. I'm not sure I understand your logic there. Liquidating = selling. Liquidating to sell? I've never seen or heard anyone say that before. Could you be suggesting the liquidation of alts to sell BTC? That just doesn't make sense either. One is not in any way related to the other. On the other hand, liquidating alts to *buy* BTC is another matter altogether. I agree with the original post. ASICs will only accentuate that trend as it is the most cost effective way of entering into or further building a BTC position. The ASICs will destroy any ASIC compatible altcoin as they mine those coins into oblivion by immediately "liquidating" their altcoin mining proceeds in order to buy BTC. It's as simple as supply and demand. https://bitcointalk.org/index.php?topic=557086.0 Liquidating alts into BTC to sell for fiat. Seen this happen many times when BTC rises. mine those coins into oblivion by immediately
Ever heard of difficulty? |
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Buy orders on Cryptsy have been chewed up dramatically in past couple of days as Bitcoin gets a bounce.
There appears to be no resistance for Dogecoin heading downward. I can't help but feel bad for the Dogecoin holders. It doesn't seem fair that so many tippers and so much of a community cannot support the coin's market cap, however, it shows how important big time investment money actually is to a coin. A loveable community only goes so far in the world of finance and global currency. Doge is in peril.
ASICS coming out are going to destroy litecoin and dogecoin IMHO. For miners, these coins are only alternatives to getting more bitcoin and everyone is starting to realize that.
No destruction, not due to asics. What we're seeing is the last of the sell pressure on Bitcoin evaporating, with people liquidating their alts to sell at these levels. |
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GHASH.IO vs ELIGIUS.ST
Which pool is more profitable. Its seems GHASH.IO more appealing. What you say?
So I tried both with several th/s over the past couple of months because I started having problems with btcguild, ghash.io has a more refined interface and two-factor authentication for account management. The eligius interface seemed to have a lot of bugs in it, I got all of my miners to attach but the payouts didn't really meet expectations either, even taking pool luck into consideration. The eligius payout was 20% lower over a 5 day period when compared to both ghash.io and btcguild. That being said, the reported gh/s on miners over at ghash.io is not very accurate and off by about 5%-10%. Ghash.io also had an outage this week which resulted in dropped miners and there's also a problem with autopayouts too. For me, ghash.io shows accurate hashrates and mines more coins that others. mmpool was the worst for me. Any one tried multipool? Their stats shows astonishing figures in the tune of .0001+ But I never got that much and was below ghash.io. The profitability numbers reported on the main page for SHA-256 are not very accurate due to the way they're calculated. I'm working on improving the accuracy. My own mining stats (for my piddly BFL little single) show that we are generally 10-15% above mining btc(+merged coins) alone. |
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Isn't multipool.us just a proxy to ghash.io for bitcoin/merged mining? The advantage, if there is one, would be the alt SHA256 mining when and if it is more profitable than bitcoin mining.
Yes we do proxy to cex.io/ghash.io for our bitcoin hashrate. That said, we only get a payout once per day (at the most) from cex.io, so the payout per GH has a little bit more variance than if you were to mine directly. We've been on alts around 30% of the time over the past few days and we're beating pure BTC mining by about 10-20% on average. |
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blockchain stuck at 426085
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Civil rehabilitation would have involved re-using the code that lead to our coins being stolen.
And people are actually taking this seriously? |
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There is about 90-100GH of scrypt hash that jumps around between the new shitcoins, X11 hashrate is about 2.8x scrypt hashrate for the same hardware, so that's equivalent to around 280GH of X11 hash.
And yes they are all pump and dumps. Duh.
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Hi guys.
as i have never mined POS coins before, please advise if i need to have my wallet running the entire time to be able to stake, or do i only need the coins in my balance without it running for the required time?
help a noob out please,
thank you.
Ideally you keep it running all the time, but if you can't do that, have it open once a month for a day or so and you should get all the stake you are supposed to get. |
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CAP is way undervalued.
CAP has 3.5 million coins. This is less than DRK (price is 0.01 btc), less than VTC (price is 0.0025), less than HBN (price is 0.00025000).
CAP price is only 0.00004000? CAP is worth a lot more, at least 6x from here if not 100x!!
Lots of upside potential!!
There is a huge amount of upside potential. Even heavily premined obvious scamcoins have larger market cap than CAP right now. I think CAP could easily attain a market cap of $500k which would be a 10x increase. |
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Alright Tranz and I spoke on IRC, he's going to take over development.
We're going to increase the stake to 200% as we discussed. He's going to make the non-forking updates first and then in a few weeks we'll fork to the new reward system.
BitJohn has given me access to the official GitHub, Facebook, and John Eden account so we won't need to make a new thread or anything. All the info can stay here. Please let me know of any info on info in the OP that's out of date/incorrect.
Tranz feel free to add any info as you see fit.
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I looked through a few pages. I can't seem to find any good pools to mine on. All of the ones on the first page I couldn't load or I refuse to use (coinex.pw). Any ideas?
Was also thinking, is CAP determined to stay scrypt or is it possible to move it to another algorithm. Just a suggestion to think about. Personally I like it scrypt.
It's up on multipool.us, port 3349. |
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But we also want people to mine the coin and a constant downward slope in price means it will be less and less profitable to mine as time goes on.
As long as the money supply increases at the same rate as the economy for the coin, there won't be inflation. If there's no economy, all people will do with their coins is hold them or trade for BTC.
If this was a pure PoS coin it would be different, if we're going to do this kind of staking we should probably discuss ending the PoW phase or at least phasing it out more quickly.
What I'm concerned with is ensuring the long term stability of the coin -- there's going to be a lot of pressure from speculators to do things that will pump the short term value (as you can see, that's already begun).
In order to generate interest in the coin we could also consider doing a limited time daily PoS phase like YellowCoin did. They gave 10% stake per day for 7 days I believe. This rewards the longer term holders of the coin while also generating new interest.
I think that PoW mining would be the least of concerns (at least for me) - whatever hash rate wants to be thrown at the coin really doesn't matter - dif adjusts. Not a high risk of attack because of heavy network stake weight supporting the stability of the network. Also PoW mining is industrializing right now anyways. Going pure PoS would be a giant mistake.... Isn't the only reason why PHS is alive is because of the hybrid?? Long term stability would need to be dialed in via difficulty adjustments. I am not an expert on this part of the code, but fortunately Tranz is. By the way, right now on Cryptsy over 50% of discussion is about CAP. I think Tranz's ideas are getting a lot of people excited. Of course they are. The cryptsy trollbox is full of traders who would like nothing more than a short term pump. |
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price just hit 9000 satoshi.
mind=blown.
I stopped buying at 3000 satoshi, thinking that was too high...I should have back-up the truck.
The total money supply of CAP is only around 3.5 million coins. This makes it very easy to move the price. |
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