Been mining BC Multipool all day with about 1.8Mh/s. Received a payment of only 7 BC, seems really low.
Ass you see pool was unlucky 6.5h we were trying find block. :/ This is still beta. |
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Now there is a multipool that mines the most profitable coin and exchanges it for mintcoins and pays out to your mintcoin address. We're doomed!
Mintcoin devs cashed out their 700mil right? I don't think a multipool will save them in this case. Yes dev refused to tell what he did with premined coins  ...So conclusion is simple ^^. About multipool on Mintcoin in reality miners will mine for that 20% inflation and guys with 10m+ wallets will be very happy  ... OK lets troll some Ultra POS system and be glad that r4t make BC as it is: __________________________________ 20% interest per year if you: 1. Have UTC in wallet 2. Don't spend it during that year 3. Have wallet online all year < HOLY SHIT O_o !!!4. Have wallet unlocked for minting... BC seems scared of MINT and Ultra, why? Always spreading FUD of MINT and Ultra here and now I see people going over to their forum and doing it too. Is this how cryptos work? Seems dirty. I found this quote from the MINT team on their page along with a lot of other posts which dont support the idea that their dev sold all his coins: "A substantial part of the premine is geared toward an incoming project. I won't tell you how much, what is this project and how long it will take (although I have the answers for at least two of them). I just want you to know that it goes for the premine as it goes for the rest of mintcoin: this is a long term project. So the premine must also be spent scarcely. And this is exactly what is going on. Now, I agree that, if I was the dev, I would have acted differently on some things (the dev knows it). Still, things are starting to make sense for me. I won't ask you to believe me, that's not the point. The point here is to say: no, the premine has not been sold, it is only kept at as long-term reserve. Day-trade, sell, buy, hold. Whatever you do is good. If you day-trade, you create traffic. If you sell, you give opportunity to newcomers to know about mintcoin (even if they ultimately sell it too, they will have heard about it and this matters more than raw performance of an unknown coin). Buying now is a good opportunity too. And of course, if you hold, you'll get interest Smiley Remember: mintcoin is long-term, patience is wisdom." He also makes the point that, why the helll would he still be around and working on the project if he sold all his coins.. Just today Based on the size of the community and the number of exchanges, merchants, payment solutions, games and services that have been set up for MINT compared to just about any coin I can find that was released around the same time it would seem the dev team has held true to this so far. SO why are people bad talking other coins? Should I buy into MINT and UTC? People seem to worry about things which are about to take off.. I notice a lot of MINT people worrying about BC before it shot up... About fud: My opinion was created from this post i will paste it: orginal analize: https://bitcointalk.org/index.php?topic=497029.0i "The developer of the coin mentioned here https://bitcointalk.org/index.php?topic=450381.msg5449543#msg5449543 that he will add a MINT/USD exchange, when the community contributes 5 million MINT. But wait? Doesn’t he own a 700 million premine? Isn’t the premine considered to be for exactly these kind of things. If you consider PoS, he could have minted 5 million in no time. This is just a guess, but as the dev refuses to tell us about the whereabouts of the premine, I wasn’t surprised, if he has already sold off all his coins during the pump." ___________________________________________ I had checked facts those actions took place - Dev asked community for 5m Mint to setup exchange (while he should have 700m from premine - Is that suspicious ? )... THIS IS NOFUD that dev asked about that 5m while he should have 700m.. |
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If there's no mining in NXT, how exactly did the coins get distributed? Someone mentioned that people bought them initially. So the developer made BTC off of selling his premined coins? At least ripple gave some away for free...  Initial IPO of NXT was only 21 BTC. PoS must be initially distributed- it lies in its nature. The way BC did it was very smart : Proof of Work. There's nothing shady with these. Just a lot of misunderstanding usually. So how many people exactly received NXT in this initial IPO? probably just the dev and a close circle of his friends. This BlackCoin thing doesn't seem much better either. How long did the mining period last for? Probably only a few people got their hands on them before mining ended, which is weird as the coin is like 2 weeks old. LiteCoin has a better distribution than both of these, and people can still mine them with GPUs. As far as I can tell, this BlackCoin only has pump-and-dump potential at the very most. I was from beginig and those top 10 places was floating 1m - 4m... i think distribution of BC was ok. There is no sense in ague about distribution because now eg with up coming ASIC for LTC will brake your great distribution like it is with BTC. Only BTC farm can get some coins like that from cex.io. Whole idea mining BTC for regular Joe was burrowed year ago. Now only BTC farms get some BTC... LTC was mined in 33% by gpus now with ASICs your distribution will follow BTC path... I give LTC hmm 6-12 months and forget GPUs. That will be ASICs festival. LTC was P&D too it took time to stabilize market. LTC price jumps 1$-50$-13$ ^^ yea P&D free during lifespan. Give BC one year and then we can talk which distribution is better. Today in one month of lifespown there is no sense to argue about it. NXT is just other kind of distribution... |
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Now there is a multipool that mines the most profitable coin and exchanges it for mintcoins and pays out to your mintcoin address. We're doomed!
Mintcoin devs cashed out their 700mil right? I don't think a multipool will save them in this case. Yes dev refused to tell what he did with premined coins ...So conclusion is simple ^^. About multipool on Mintcoin in reality miners will mine for that 20% inflation and guys with 10m+ wallets will be very happy ... OK lets troll some Ultra POS system and be glad that r4t make BC as it is: __________________________________ 20% interest per year if you: 1. Have UTC in wallet 2. Don't spend it during that year 3. Have wallet online all year < HOLY SHIT O_o !!!4. Have wallet unlocked for minting... |
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Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed? I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS? https://bitcointalk.org/index.php?topic=168924.0 "There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. " Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it Try find ra4t posts, main dev of this coin. Generaly there can be forks problem with POS but R4t make something in code to prevent it and it works. BC hasn't forked even once... Some coin wanted copy BC (r4t changed some parameters)
they have forked few times in same night. I can find that coin for you.He called it Black magic.BC is safe so far i think he found some solutions to that. Probably he found some good parameters to prevent forks. I don't have reason to not believe him. BC has forked before, during PoW to start PoS at 5k blocks instead of 10k. Yes but that was planned fork to get rid of some bug. I was talking about parallel forks without control on them as result of pure POS failture. |
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Downward trend set. This is following the same pattern as any other massive pump and dump. I'll call this the aurora pattern. Will see ^^ |
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Then Bc is a Bitcoin clone!? Or is written from scratch?
Pure POS part was writen probably from scratch we don't have any other working coin without POW disabled. Such starts like Nova/PPC/Mint all have POW part inside parallel to POS system. Part is written from scratch, and the other part is copied from? Look at source code. I probably some parts like others was taken from BTC/LTC/PPC interface initial POW part. Mostly main code is fresh. I dont have eny experience with git hub: Here link for surce code: https://github.com/rat4/blackcoin |
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Then Bc is a Bitcoin clone!? Or is written from scratch?
Pure POS part was writen probably from scratch we don't have any other working coin without POW disabled. Such starts like Nova/PPC/Mint all have POW part inside parallel to POS system. |
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Hello hellooo I am new here, to BC and to cryptos in general. I just bought some BC and was reading up on PoS coins and I had a question. Since this is a pure PoS coin now, how are security issues such as those discussed in the thread below addressed? I know Peercoin had to implement a PoS/PoW hybrid system to prevent such attack, and that many other coins implement a PoW/PoS hybrid system instead of pure PoS for the same reason. How is it possible to prevent attack forks with pure PoS? https://bitcointalk.org/index.php?topic=168924.0 "There is absolutely no mention of the fundamental flaw in PoS consensus which none of your proposals have addressed: As of yet none of the proof of stake proposals are workable because there is nothing at stake! If someone is PoS mining it is in their best interest to attempt to concurrently build an honest chain as well as all possible attack forks just in case one of them happens to win. Under most schemes this is the profit maximizing move, in all I've seen so far its at least neutral. Mining an attack under PoW actually involves _spending_ something and taking the risk other miners will extend it. PoW works because your work is at stake so even a very small amount of honest miners make mercenary rational miners behave honestly too. " Thanks any info would be appreciated, I am trying to understand this technology better now that I am involved with it Try find ra4t posts, main dev of this coin. Generaly there can be forks problem with POS but R4t make something in code to prevent it and it works. BC hasn't forked even once... Some coin wanted copy BC (r4t changed some parameters)
they have forked few times in same night. I can find that coin for you.He called it Black magic.BC is safe so far i think he found some solutions to that. Probably he found some good parameters to prevent forks. I don't have reason to not believe him. |
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Is BlackCoin a NXT Clone?
Not clone lol... Blackcoin is 1st coin which turn of POW system after dystrybution !... Other coins like eg Mint are still in POW/POS mix.(maybe 1 coin reward for POW block but allways). BC transactions are in 5-15s usually. Other POS coins in reality have "POW" part and that is why they are bit slower. Nxt was distrybuted in other way NXT was 1st POS in system but Blackcoin was 1st coin distributed by POW system and it turned off POW and switched to pure POS. BC is not clone NXT. |
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Might surpass litecoin now and do an aurora on us. Now wouldn't that be nice? I would love to see a new black coin aurora happening..even if it did a maza I would be happy lol.  I would love to earn back the money I lost form being hacked. With one advantage has BC over Aurora its 100% mined out and you clearly see what is going on. Look at : http://maarx.nl/maarx.nl/blackcoin/distribution/and you see than none is BC king... that 4m wallet has to be exchange. Somewhere have to be that ~800 BTC Volume exchange took place. |
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This is very nice. I only got 1k of them but do you think it will grow like mazaocin did to that level or will it stay in these mono thousands region? I would like to know so if it isn't too late should I buy a few more of them now? Ask yourself how much coin like NXT pure POS is worth... BC is now pure POS without premine it development will be slower but it cause strange things their community have to be active and backup dev and whole projects. NXT - 1,000,000,000 [all] - 0.00006303 BTC BC - 75,000,000 [all] - 0.00004000 BTC o_O - i don't have to say more , i guess |
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10k/30k satoshi is a normal price for this coin.
Bro some will believe that we should be higher than LTC and with enough amount of cash they can do it ^^ without problem. I don't know if that happens but it can seriously when supply is limited like BC it can happens. |
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All good points. Price action suggests holding, if in doubt, do nothing. This trendline is not steep despite what seem like high levels or satoshi per BC. But market cap is only $2million. It's peanuts. This can go many many times that level without a flinch.
+100. Blackcoin is the closest thing you can get to a sure-fire winner at it's current valuation. I believe this is exactly why it's rising in price so steadily, because people recognise it's still cheap as chips. No multipool/miners for $ to dump and we all see why we have different path in price. Normaly wehe coins is rising mooltipools are coming and other miners for fast $ and here is diffrent miners mostly support coin to take it higher !! This is oposite sytuation ^^... Find such evenement in crypto ? We are 1st. If we decide sell at LTC price we will do it some day. ... We just need to dig through all resistance lvles 5000 > 10000 > 100000 > LTC > AUR > ....20 years > BTC > ...X gen mine-able coins |
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Vote to get Blackcoin on Cryptsy - https://www.cryptsy.com/coinvotesWe are way down the list there, need to be much higher! BTC sent also counts as votes, like at Mintpal. Re-post and quote this message throughout the day plz At this rate cryptsy might just add us based on trading volume alone. +1 cryptsy just lose so much money / in same time Mintpal is very good : ) Do we really need Cryptsy so much? |
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And once again i would want to say BC has a huge potential as the current marketcap is like 1.5 mil (FYR: mint, dark, vert peaked at ~6 mil while max peaked at ~7 mil).
Each one of those coins brought some innovation. But honestly, I think ours is the best. We have PoW distribution + PoS stage = MINT The pool will soon be able to mine other algo coins, opening up BC mining to ASICs as well, but will keep ASIC competition separate from GPUs = MYR The pool will be able to mine the latest and greatest algo = VERT I haven't seen this much community dedicated to bring up a coin from the floor = DOGE Moon! bro... look at us transaction speed BC are faster because we don't have POW anymore. POW/POS and pure POS is BIG difference. |
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The FAQ is misleading. It says it would be hard to push the price of BC down because there will be too much buying from the multi-pool.
This is based on a huge assumption that a minimum number of miners will always be available to hold up the price. Nothing prevents miners to pull out of the pool after selling.
Without any real demand, it's a game of Russian roulette until the price begins collapsing. Just another method of pump-and-dump.
Till mooltipool have hash power it won't collapse price will be rebuild it will take lessor more it is only matter of time. You can store wealth in BC is time will show how far we can go. With BTC miners cause inflation in BC only owners can push price down. BC 1% inflation is going direct to holders and price is not affected by miners. If miners are unpaciet they don't want store wealth in BC this is not good investment for them. Typical pump and dump have mechanic u buy low push price up sell big amounts then when price is down you buy from miners on low. IN BC is impossible because all BC was mined out new won't be produce at eg 1000sat lvl with lower difficulty to re-buy coin. This process have different mechanic than typical P&D. BC isbetter to store wealth than many other coin especially POW one. Price allays depends on supply / demad. Here supply is depleted limited you just don't have new coins at mined at low difficulty. When all want cash out at once there is no coin / bank who can survive it without price drop to 0 Sir. Mutipool just give basic supply and stabilize price to buy all new production 2000BC today you need 0,06BTC/Day...In same time to buy Doge you need 560 BTC if all are selling.On Doge is higher Demand ofcourse and it can keep price but they need 10000x bigger demand than BC. Every coin started somewhere BC started it journey to now maybe you see low adaptation not many services but BTC/LTC have similar start. I belie that BC can be part something big in future. Transaction POS speed 5s-15s - this is superior feature. |
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I wonder what would be the price of 1 BC after six months? any idea  We need put a lot of work but we can get into vert coin area if we will be store of wealth we can go higher and higher. But to do it we need big payers to join us and support with some cool services or mayby we alone create some who knows. In POS all is mostly in your hands. |
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what happens when all the bc is bought up from all the exchanges?
Hmm Ultimate Black Hole is when you mine BTC for BC directly so... next game changing will be flip sides 1BC>1BC - none can predict future even that joke can happend |
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Got my first payout! 59BC!
SO AWESOME!
thats 59 blackcoins, purchased from the market! ha!
Game changer
Sounds good to me. What is your hash rate? This is begginig of betta it will take to stablle. Multpoll trademybit payed me 0,006 per Mhs in few days ago... This is p2p pool so it takes time to cash out don't worry. |
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