Bump... Hehehe.. Ametuers, you gotta keep an eye on those threads before they disappear on ya

Hmm cryptsy seems to be trading about the same as phenixex... interesting to see where it goes from here..

Nope, they are starting to clean out the crap coins, and apparently they think GIL is one of them.

What's left now ? 27?

Wow one guy doing a few tweaks, but unable to test the client.. If he committed a few grand, did some allnighters solving problems then went to work, had his Boss tell him that his job was on the line when he got there, then went home to a wife who was threatening to divorce him if he spent another minute on that stupid coin again, and then hit the keyboard and kept pushing with a couple other guys going through the same thing, and kept at it for months, I'd say you had "serious development".




I think that self interest has lead to a fundamental shift in management philosophy, disregarding short term gains as they threaten long term profitabilty, and that is not a bad thing... I've said it in "my own thread", I might as well say it here.. As coins fail, and investors get burnt, the key to survival is credibility, not only for coins, but for exchanges... and there's a long line of operators coverting the "Cryptsy Crown"

 

You might want to review your trades, if you are selling SXC.

Normally I would snap up the CoinEX coins quietly, but I am unable to move my funds out of PhenixEX, it's been about a week I've been waiting to withdraw my BTC. I'd say that as we are most of the volume of PhenixEX, Cryptsy is moving in to kill off their volume, as well as having to recognise SXC as a serious altcoin any worthy of addition to their LTC market. Of course moving BTC to LTC then SXC is a bit of a PITA, so the volume on the exchanges that have already had the foresight to list us against BTC may be mitigated somewhat..

Are you about to update ?

How many block finding rewards are left ?

Good going..

BTW, when do you plan to add the sites that use SXC to your stickied list of stores that accept altcoins ?
I can understand you not listing the stores themselves, because you disagree with the content, but having stores listed that use SXC, and not listing SXC itself, seems very biased.

No rush, there's going to be another one announced in the next few days... and tentative negoiations are underway for another..

Ahhhh.. well I guess anybody buying it using what amounts to real money will forgive him, because he said it was a test... and yes I am being harsh, also I get it wrong, say things I regret, and am biased or unfair on occasion although I try not to be.. part of the human condition I guess.. Thanks for pointing that out though.. It's a really bad look to go trashing others peoples coins anyway, means that you rather tear down somebody's elses work, than build on the work you are doing.. I really should pull my head in..

And I like Capt Chad .. It's just that something about that coin pushs my buttons... Makes me a little crazy, ya know ?  

Tch, Don't take bumping threads away from me.. It's all I get to do now as a "Dev" 

Bump

EXC.. A very bad, completely useless coin with a very good completely devoted dev.. I can't wait to see how much hash it gets when the coins run out and he tries to keep it alive with one rig.. I could probably 51% it with my spare parts rig when that happens... Of course one node hashing and maybe two more at exchanges is all it talkes to keep a network alive  ... It's interesting as an experiment, I guess.... (Don't get me started, it represents all that is evil in crypto)

Yeap, We knew .. you were pushing around 6MH.. One of the great things about having to struggle rescueing a coin is at the start you really appreciate every single miner you have, and you take a real interest in what your network is doing, who is joining it, and who exploits it at the start.. Watching it becomes a habit.. You'd be surprised at how much attention is paid to it.

I'm going to leak something Lava has been working on since the very start of the coin..


The double spike to around 170 MH is interesting.. we were the most profitable coin, and the auto switching just started to hit, when digicoin became most profitable. Our difficulty went to 0.50 and our regular miners stayed willing to crunch through those blocks, but then we hit the top of the list and that finished us off..

The other interesting thing is if you look closely ( and it's more apparent over a longer term graph) after every spike, fewer and fewer regular miners are willing to do another crunch fest, so the hashrate drops further every time, and it takes longer to hit a retarget every time.

We haven't fully discussed it, but as a coin built for commerce, both autodumping and automining is damaging.. One slows the network to a crawl, the other drops the price regardless of the actual value of the coin.. Merchants and their customers would have to wait forever for a transaction to go through, and then merchants would find they have made a big loss.. We have to overcome these problems to be a serious coin, though for well established coins, the effects aren't as severe...

I don't know what other devs are doing about the problem, or even if it concerns them.. some of them have probably already dumped their premine/instamine at cryptsy and released their next coin...

 
 

Just checked our network stats...

We are at a reasonably steady 50Mh, ..30 on the lavapit, 10 on gr33ks pool and 5 on the p2pool..

It seems miners are quite happy to get a few coins less on a growing network, as long as the hashrate is reasonably steady.

It's the huge jumps and difficulty rises that prevent the network from growing, and actually retard or regress growth..

I'm wondering if, at the moment, being off coinchoose is such a bad thing..

Nope, it hasn't reached the hardfork yet, where the difficulty retargeting will be changed and it will be more resistant to "flash mining"..

Thank you once again for your assistance, you've been really gracious and helpful towards us, 

lava's gone with a 30 block readjustment, but it can be tweaked as he already has the next client that fixes the magic number issue.. he can hold back on that and do whatever tweaks or improvements he wants..

Our problem hasn't been multipools, it's been miners using auto switching software. Of course if we had a higher hashrate as well, they would have less of an effect..

From a different thread... Bold added for emphasis. The first section explains why we aren't on Coinchoose at the moment, the second why we aren't in a rush to get on Crypsty, at the moment.
The devs will get together and discuss the future direction of the coin.
Generally we care about our miners, and we don't want them ripped off by flash miners.
We care about our coin as well ..

Some idiot said "top devs are on their third or fourth coin" in one thread... Well we have three devs, two who worked almost every spare second for three months straight, with technical and other support from at least half a dozen others all on one coin, the other is concerned with developing and recruiting commericail sites, and started several days before we hit an exchange... I don't think "top devs" can produce one successful crypto currency in a couple of months much less three... Too many newbies running around thinking you get rich quick.. No-one except scammers have ever gotten rich quick. You don't get rich quick by selling a days worth of mining say 20,000 coins for 15$ worth of bitcoin... you get rich by mining said coins 24/7 for month after month, and then slowly selling them off when theres enough websites using them to make them worth a dollar each.

If just being a cryptocurrency was enough to mean real world value without actually being used as a currency, we'd just clone extreme coin, release it, and sit after our whole ten minutes of hard work and wait to rake the riches in.. we could call it "PlatinumBars" cause naming it after a precious metal adds real world value..

Right now the name of the game is to survive, we've already out survived a few coins, and theres more on the ropes while we are just about to hit our stride. Theres going to be dark days ahead for the alt-coins I think, and it's going to take alot of hard work to get there. Coins are going to need to be credible, we've got four websites but thats not enough. We already have plans to push for more as soon as we clear the hardfork.

But alot of that is my opinion, which is why we'll being discussing, debating and then rehashing opinions among the devs over the next several days, and deciding what direction to take.

As usual, anybody who has an opinion to post on the current altcoin climate is welcome to do so, we love getting different perspectives so we don't miss any angles  

I'm inland, and haven't seen any rain for months... Worse than that, I'm surrounded by tinder dry bush,( quite a lot of it has grown over the last two wet summers) and eucalypts that have been dropping their branchs, leaves full of flamable oil all over the place.. One thrown cigerette, one car driving through tall grass with a hot catalytic converter or maybe just a carelessly thrown glass bottle acting as a lens for the sun,  and I'm in serious trouble.. Nowhere to run, and no water to stand and fight..

we've still got a few hours until the retarget is reached...