Is CryptoRush dead? I can't access the site at all via both Firefox and IE at school and at home on several different computers.
Currently woks for me, though they seem to be getting DDOSed at times. |
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Your analysis makes ZERO sense. For one MINT total volume is the second highest on MintPal (behind BC) by far and for every seller there is a BUYER.
Mint Bagholder. Ecohippie loser. Your analysis is even stupider that the previous. Congrats! |
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So, MINT is kinda weak right now and it's probably a good time to strike. Hypothetically, let's say a whale with a lot of MINT and BTC wanted to destroy MINT, what would he have to do? I don't think it is as simple as just dumping MINT into the ground, is it? If the whale were to buy up some BC, then dump on MINT, would that mean the MINT bagholders will drop their holdings and maybe move into BC, thereby pushing BC to the moon? I'm getting the feeling that BC is superior to MINT because we have a better community and better dev, rat4, who looks for problems to fix, whether it benefits BC or not.
I doubt MINT can be killed right now but it can be crippled to the point of no longer registering on the radar. PANDA was an example of this. Hypothetically, It's an operation that requires say 10 large MINT bagholders who have purchased MINT when it was around 4 Satoshi or under. They would then pool their coins into a single Mintpal account keeping track of the proportion each has contributed. They would need around 357,300,000 MINT. They would then, in one go, without warning, fill every buy order down to 4 Satoshi. This would create mass panic and leave some with orders at 5 satoshi elated while others who bought at 20 will be fuming. What that does, as shown by Wolong with PANDA coin, is turn the distribution upside down. Those who placed low ball offers with a little bitcoin now have more Mint than those with 5 times more BTC. People will say "This is bullshit! Some asshole with .75BTC has more MINT in one second than me with 4BTC and months of daytrading - fuck this coin! I'm out" The coin would slowly self destruct from that point, at 5 satoshi and under Mint would disappear off the radar as just another defunct altcoin. While this is happening the BTC proceeds are divided up by the person in control of the Mintpal account and sent to their respective owners in proportion to the amount of MINT they have contributed to the scheme. That BTC could then be put into Blackcoin straight away buying up all the cheap coins, with price skyrocketing at the demise of MINT. The reason this would cripple MINT and not kill it is because there would still be those with religious attachment to the coin who would keep it alive on life support - much like the KARMA guys or the TIPS guys. I wouldn't condone such an operation but that is how it could be done, hypothetically speaking. Interesting, and no one here has enough MINT to help out? I sold off some MINT and bought a ton of BC. But, I still need to offload my MINT. I would like a good price for MINT though and a good place would be when BC is low so that I can increase my BC postion. LOL Karmacoin. Oh they are here alright - and they are watching  The best price for MINT is probably now, as BC gathers momentum towards Black friday and beyond you will see MINT drop down to 10 Satoshi, and then 8 and then lower in the coming weeks. The MINT volume is tiny and the vast majority of it is large multi BTC dumps. Most people aren't stupid - they aren't going to baghold a coin that has no more potential to hit the moon than any other alt out there with a decent community - they will take what they can when they can and invest it in the coin that offers the most potential for a reasonable return on investment - that is Blackcoin at this point in time. Like I say, its a dirty thing to do but as an answer to your original question it would theoretically work. When a coin gets into the single satoshis its days are numbered. MOON, PANDA, LOT, are great examples of this. Without extreme volume and profit making opportunities riding the waves - no one buys it and everyone sells it until eventually its not worth selling and not worth buying - it just, stops. Your analysis makes ZERO sense. For one MINT total volume is the second highest on MintPal (behind BC) by far and for every seller there is a BUYER. |
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My rig runs on electricity. Whether or not mining is profitable depends on user input.  |
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X11 is great because it accomplishes what others do, but at a far more efficient way. When this is expanded to include an nvidia miner, it will be another big win.
Scrypt Asic does it even better! |
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Crypto valuations are fundamentally based on innovation and scarcity.
I'm sorry but this portion of what you said is flat out wrong. Crypto values are currently based almost 100% on trader manipulation behind the scenes, with the exception of MAYBE bitcoin and litecoin due to their age and comparative maturity (name recognition, merchant acceptance, etc) when compared to coins that have been out less than 6 months. I agree most, if not all alt markets are highly manipulated. The same can be said about any market with low capitalization, however there has to be a fundamental basis for value otherwise there is no purpose in trading. That fundamental basis means being accepted by merchants, presence on exchanges, and stuff like a working android wallet that allows minting on a tablet or mobile device. Being accepted by merchants or any of those items are not a fundamental requirement for value, that is the speculative part. |
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I agree most if not all alt markets are highly manipulated, the same can be said about any market with low capitalization, however there has to be a fundamental basis for value otherwise there is no purpose in trading.
Until there is REAL ADOPTION, all trading will be highly speculative as it is now, where people are essentially buying crypto in the hopes that they will pick "the right one" and see a massive price increase. It's a bit like penny stocks. By real adoption, I mean the status quo changing to the point where actual normal people (not just miners and investors) are going out of their way to acquire crypto and commonly using it for transactions. I agree, the larger the market capitalization, the harder it becomes to manipulate but to say alt-prices are 100% due to manipulation is simply not correct. In regards to the alt coin market scarcity and innovation play a fundamental aspect of the price, for the same reason one 42 coin is valued at 140 BTC and one Doge is valued at 100 sat. |
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Crypto valuations are fundamentally based on innovation and scarcity.
I'm sorry but this portion of what you said is flat out wrong. Crypto values are currently based almost 100% on trader manipulation behind the scenes, with the exception of MAYBE bitcoin and litecoin due to their age and comparative maturity (name recognition, merchant acceptance, etc) when compared to coins that have been out less than 6 months. I agree most, if not all alt markets are highly manipulated. The same can be said about any market with low capitalization, however there has to be a fundamental basis for value otherwise there is no purpose in trading. |
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Crypto valuations are fundamentally based on innovation and scarcity. I believe BC current valuation compared to MINT has mostly to do with the latter. We aren't talking about companies with real assets and customers or fiat currency backed by GDP and guns. Any valuations ascribed to crypto, especially one without significant innovation is entirely speculative and highly subjective.
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hahaha
Same old sad story. And exactly HOW many times did I warn you guys in the past week that the dev was dumping on you blind bats and you continued to kiss his ass and not question exactly how much went to bounties?
And you all listened to this 'julianL' shill instead and now have lost your asses. God, this forum is like a broken record. Some of you wouldn't know you were scammed even if the dev posted and said 'hey guys im scamming you!'...you'd just continue to buy and hold and shill for a pump.
As said so long ago...you guys continually ignore warnings, so you deserve to lose every penny you did.
Same shit with greececoin. So many sheep on this forum.
Yep, real shame too. With 30MIL coins and a block reward of 10, this was one of the scarcest country coins and could of done some good for crypto. Greed is so stupid! |
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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. |
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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. |
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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. |
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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.
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Does anyone know how to calculate the profitablity for the X11 algorithm coins?
I think you could say X11 is about 2.8 times faster than scrypt. So if we could work out the $/MHs/day at current prices for X11 and times it by 0.357 this should be equivalent to compare with scrypt coins.
Algo doesn't matter when calculating profitability. All that matters is HashRate, Block Reward, Diff and costs: http://www.holynerdvana.com/2014/02/how-to-calculate-coins-per-day-for-any.html |
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BYH (Quiet Riot reference) would have been my choice!
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OP is an idiot you do know Kim D. already owns MEGA coin. smh!
People that are idiots make false claims without any basis. KDC has NOTHING to do with MegaCoin, as stated by KDC himself: https://www.youtube.com/watch?v=N1bDMfRfsrw |
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Sounds like a good buying opportunity.
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Yep, why not. What could go wrong?
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At least the DEV here has been online, the poor people at Standard Coin the DEV there has been missing for a few days now.
So they sent BTC to some anonymous new poster and there was a problem? IDK how that could happen! Sounds to me like they got exactly what they deserved. |
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