I still believe a great deal that Catcoin has enormous potential, and there are some smart people in this thread. This doesn't feel like sheep following the herd. I am not easily led either. I wouldn't be here if I thought that Catcoin didn't have a future. As someone rightly correct me on earlier, I personally think this is a beartrap. I could be completely wrong. Maybe I've gotten everything wrong. But I'm going with my gut in this one, and this doesn't feel like a dying coin. Not by a long shot. |
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Most people on here complain about FIAT but most coins inflate far faster than fiat does... Completely insane. Being the most profitable coin to mine ensures the supply of your coin increases at a rate which puts the Fed to absolute shame. Seriously, anyone been tracking the growth in the coin supply of Elacoin? That coin has almost quadrupled it's coin supply since December yet it came out in May. That's what happens when you change the block reward from 1 to 5 and in the process massively incentivize miners to mine your coin. Being the best coin for miners is not a benefit, it is a curse. It is a curse which anyone who is not a miner should see immediately. Being the most profitable coin for miners ensures that it is almost impossible for the coin to sustain any considerable long term appreciation. Sure, it may go up temporarily but how much can such a coin possibly go up in value? The higher in value it goes, the more hashes are sent it's way. It sounds kind of like the worst investment possible, actually. I mean, how is a coin supposed to gain value if it gets attacked with gigahashes every time it appreciates?
So, in sum... We should rejoice that dumpers are abandoning us. For miners that genuinely care about CAT and it's future, there is no reason not to send some of your hashing power CAT's way... Plenty of people do that for coins they actually believe in. Sadly, I see more and more confirmation that most miners care only about the Almighty U.S. dollar. Or perhaps it is not such a sad thing afterall... I mean, do we really want such people mining our coin? Why? So they can dump it on us? So they can post nice positive stuff about CAT when it is rising and trash talk the shit out of it when it dares disobey their order to fork the coin and reset the difficulty? Why the heck would they care if that destroys the coin -- the coin is already destroyed as far as they are concerned, as is every single coin except the very most profitable coin (that logic clearly only makes sense in Miner Land).
Well, I guess that's why we have difficulty re-adjustments to compensate. What this coin has that 99% of altcoins lack is a strong community that seems to be growing. It's a coin both for those who want a fun coin to mine and use, and for those who want a serious coin that makes for a good investment. Just look at this thread compared to the 3 or 4 new coin threads we get a day, and that should tell you enough that this coin is different from the rest. When you have an altcoin that has no economic use, then people will simply trade it in for bitcoin and then into fiat money. That's what most people are doing on this forum. Bitcoin was the first of its kind, so it has a sustainable economy around it. If you want to seriously develop a coin, then instead of worrying about the current worth of the coin, you give it worth by providing services. It's when the coin changes hands and becomes useful that it gains real value. In its use. Not in its market value. I don't buy a product or service based on how well its stock is doing. It's kind of madness when you think about it. Money is meant to be spent. Most altcoins only serve one purpose; propping up Bitcoin. Every crapcoin is infact just making Bitcoin a stronger currency, as it's the gold standard in crypto currency. People aren't "spending" altcoins in the sense that they may spend Bitcoins. I think in the long term the altcoins that will survive are the ones that develop a microeconomy; websites, services, trading, gambling and the like. This above any other means do we have the strongest possible influence over the coin's intrinsic worth. |
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Nullu, Thanks. Its synchronizing now. Rather slowly but it tells its synchronizing. Will post later to tell of further experiences  Overall thanks for the feedback, folks No problem. I know it can be all a little confusing when you're new. If you're having difficulty connecting to a wallet, usually someone will have posted about it in the official coin thread. It should have all the information you need. You may need to look around to find the right settings for your miner, depending on if you're solo mining or pool mining, but all the information is on the forum, you just have to dig for it. |
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A few posts before you are discussing about profibility and multipools Do we need to have multipools mining CAT  All i see is that they destroyed DOGE After DOGE will bed dead the switch to the next coin, maybe WDC Did i inderstand right that maybe a big pool could manipulate next difficulty level jumping in short before next retarget. I am not sure if difficulty and miners are viewed buy investors. I came to digital currency as investor a few weeks ago and i did not really understand something about how coins are made. After buying a rig and started mining i learned a lot more how it works and i need to spend a lot of time finding my level i have today. If you start investing in coins you are interested in how rare a coin is. Our FIAT currency is inflated so much and destroyed buying power of Fiat currency. If you are searching for alternative investment after stocks, fPM (physical gold,silver) and real estate you will find digital currency more and more within the next years. I thing the best way for the coin is leave as it is and work on promote it. We dont need only hashpower to generate coins and dump into market. Difficulty is tied to the coin itself, not the pool. Pools are free to list any coins they choose, and some people don't like multipools because they switch to whatever's most profitable in relation to the expected btc value, so it can harm new coins quite a bit. There's a lot of different things going on at once, so you have to look at the whole picture. Less people are mining the coin due to lower profitability, but the profitiability is lower because a lot of early miners still hold a lot of coins. When they dry up, and when the next difficulty level changes it will be lower because less people have been mining the coin. This means profitability will go back up and hopefully more coins will be in the hands of the new miners not mostly the miners who mined a lot from the start. More miners just mine coins based on profitability than speculation. It's usually investors who do most of the speculating, however there is an important connection between investors, users, and miners, and you can fall into one or more of those categories. Once you understand the forces involved you get a better idea of what drives a coin's value. |
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Sorry but WTF ? And Im wondering what we did wrong why we lost so many miners....... Good and stable pool punched by coin dev... well nice. And to be sure, we always close our pools as soon we hit the 50%. Otherwise why should we harm the coin in any way.... If I remember correctly the OP has you listed as the top pool in the begining and it was one of the reason why you had the highest hashrate, in fact it was over 60% of net hashrate, just to avoid 51% atk he removed temporarly and I think he forgot to add you back (he had some issues apparently ) but for this I believe you deserve to be on top of the list, and everyone who does, should be added again to top and those who does want to help hmm temporarly removed :p? I'll leave that to op and community I don't think it was at all intentional, and I'll ensure you are relisted. The dev reported that his house had been burgled recently, so it appears he's had a lot to deal with recently. |
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The coins with a dedicated community
Got to agree. All the crapcoins that get buried under pages after just a day or two aren't even worth talking about. I find it interesting that more people are thinking that more centralized form of virtual currency is the next big thing. Not saying it's a good or bad thing but these coins where distribution is totally in the hands of the developers/founders resembles more like our fiat banking system...
The advantage is more effort will go into the coin because the people involved in NXT,Skycoin,Ripple etc have so much more personal gain to have from it's success.
The disadvantage is you have to trust them totally with how they handle said coin...
Those coins seem to have a lot more PR buzz around them. Lots of nice sounding terminologies. |
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wait till the next cpu coin is launched and hit before the bots.
Yeah, basically the best CPU coin to mine is the one that's just been released, and before the difficulty goes up. I solo mined 100k Particles when it launched in the space of an hour. At the current rate it'd probably take me a week to mine that now. |
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Is this the same coin? Re-release? I'm going to have to call you out on this. Show me catcoin was premined. The coin was NOT premined. I've seen this said in another KittehCoin thread. Unless you have any evidence to back that up, it's just wild baseless speculation. |
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Thank you.... I can also update this voting then. Why did the op not list us ...strange. https://bitcointalk.org/index.php?topic=384772And it would be VERY NICE if the OP could list us, 0% fee, PROP - 60 confirmations thank you http://cat.poolerino.com will lower the confirmations to 60 tonight.
Also if pools begin to adopt this lower confirmation rate, then it can only be good for the coin.
I am sending the dev a TG about every pool that adopts the lower confirm rate and asking they get more space in the first post. I know the OP has been quite busy lately. May be worth just dropping him a friendly PM if you aren't already listed in the first post. I'm hoping he'll put all the pool links who offer a smaller confirm rate in larger font. |
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And it would be VERY NICE if the OP could list us, 0% fee, PROP - 60 confirmations thank you http://cat.poolerino.com will lower the confirmations to 60 tonight.
Also if pools begin to adopt this lower confirmation rate, then it can only be good for the coin.
I am sending the dev a TG about every pool that adopts the lower confirm rate and asking they get more space in the first post. |
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only 1 connection - nothing but orphans. Any other nodes we can connect to?
Wallet?  using linux client btw - you guys will crack up but there are already 1100+ blocks mined (i.e., 500k coins). I've hit 3 but they were all orphaned. I think these guys have a private network going and aren't sharing to the public quite yet. Oh dear. Looks like we know who the high rolling VIPs will be.  |
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You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
Profitability is one thing. Centralization in bitcoin and the friendliness toward the system it's supposed to replace. Those are serious issues. These are problems facing all of cryptocurrency. I'm all in favour of debating the pros/cons of a coin's inherent designs, but it's so early to judge what's going to happen that to make drastic changes now could severely damage any chance the coin has of success. I predict that after the next difficulty adjustment we'll see prices closer to 0.0015 on the markets, as there will be less early adopters of the currency still holding large sums of coins. The coin has an active community and isn't being buried under pages like a lot of other alts that still get mined. Once the profitability goes up again we should see an increase in hash power again, and hopefully a much fairer market. Also if pools begin to adopt this lower confirmation rate, then it can only be good for the coin. You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
Beartrap, not bulltrap. Whoops. Had the concept right. Wrong animal. |
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You have to take it into context. There are investors and there are miners, buyers and sellers. If the market thinks the coin is more valuable, then the coin becomes more profitable for miners. The whole beauty of Catcoin is that it's basically Bitcoin for Scrypt. ASICs destroyed profitability for the little guy. At the moment Scrypt does not have that problem. For how long? Who knows. All I know is I'd like to be one of the early people who bought into this coin before it takes off. Every coin has highs and lows. I'm not going to be the one fooled by a Bulltrap and sell all my coins prematurely.
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Yes ! The 2 week retarget is guaranteed to kill this coin if it ever becomes profitable, due to multipools. This needs to be fixed immediately.
CATcoin is a BTCclone. 2 week retarget stays. Adapt. Except its scrypt not sha. It will die. Multipools will increase the difficulty to horribly unprofitable levels and dump it. You have been warned, keep being a moron though if you want it to die 100%. Why is a model that works for SHA-256 coins on multipools not applicable to Scrypt then? The only difference between them is the difficulty and the higher profitability of SHA-256, directly proportional to the difficulty of the coin, hashpower and the perceived market value. You're completely neglecting to point out that if the market price increases due to difficulty, then so does the profitability. This coin has a lot more going for it than all the other copycoins out there. Take away what makes this coin unique and it will be worthless. |
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I just saw the thread but since I am a new user and cant post elsewhere, thought I might put up the question here. I downloaded the wallet and it says "no blockchain available" or some like that as well as 0 connections to network. I hope its not a scam infecting my pc with malware...
any comments?
1: Always run any wallet you download in a sandbox invironment provided by your virus scanner, or check it here; https://www.virustotal.com/en/2: You need to create a mona.conf file in your users/yourname/appdata/roaming/monacoin/ folder and include some connection details and nodes 3: rpcuser=yourname
rpcpassword=yourpass
rpcport=9332
rpcallowip=127.0.0.1
server=1
daemon=1
addnode=95.85.29.144
addnode=162.243.113.110
addnode=146.185.181.114
addnode=188.165.19.28
addnode=78.46.57.132
addnode=178.237.35.34
addnode=24.222.191.37
addnode=71.187.248.95
addnode=71.77.233.192
addnode=54.234.172.139
addnode=86.2.171.203
addnode=208.77.217.7
addnode=208.77.217.8
addnode=198.199.80.181:12567
addnode=209.188.16.220:12567
addnode=209.188.16.220:12567
addnode=62.24.83.120:12567
addnode=107.213.72.135:12567
addnode=[2a01:4f8:192:42b1::2]:12567
addnode=5.9.120.80:12567
addnode=199.195.214.44:12567
addnode=78.27.191.182
addnode=24.222.191.37
addnode=71.187.248.95
addnode=208.77.217.7
addnode=208.77.217.8
addnode=24.222.191.37
addnode=71.187.248.95
addnode=71.77.233.192
addnode=54.234.172.139
addnode=86.2.171.203
addnode=69.9.152.126:56312
addnode=143.50.37.32:62351
addnode=77.94.247.50:60961
addnode=189.187.141.2:12567
addnode=77.94.247.50:6561
addnode=68.117.97.76:62876
addnode=203.17.236.91:3690
addnode=54.213.205.179:49304
addnode=217.25.223.37:62570
addnode=79.116.253.159:60613
addnode=217.174.63.129:60351
addnode=62.24.83.120:33979
addnode=113.162.172.104:51450
addnode=80.229.2.127:49777
addnode=65.61.116.102:41439
addnode=23.96.7.57:1136
addnode=178.74.103.10:57416
addnode=65.61.116.103:61571
addnode=174.98.127.147:56307
addnode=96.44.151.60:12567
addnode=168.63.58.66:1776
addnode=62.24.83.120:51216
addnode=46.132.190.226:12567
addnode=77.199.17.225:63668
addnode=5.9.92.36:47769
addnode=82.27.224.59:2174
addnode=81.203.98.155:56117
addnode=77.94.247.50:23779
addnode=92.57.116.77:49972
addnode=107.213.72.135:63574
addnode=77.94.247.50:34209
addnode=77.94.247.50:36129
addnode=62.43.138.9:60188
addnode=54.226.8.222:49371
addnode=91.132.202.107:49975
addnode=217.25.223.37:63333
addnode=78.46.94.228:12567
addnode=54.213.159.89:41767
addnode=82.181.95.237:52089
addnode=88.115.125.26:23846
addnode=82.27.224.59:58277
addnode=65.61.116.103:54472
addnode=77.94.247.50:8673
addnode=65.61.116.103:43271
addnode=77.94.247.50:8641
addnode=77.94.247.50:8833
addnode=65.61.116.103:54824
addnode=217.87.120.107:56542
addnode=24.8.152.14:55122
addnode=77.94.247.50:11425
addnode=54.212.116.200:57652
addnode=62.178.141.85:12567
addnode=113.71.168.232:19154
addnode=65.61.116.103:31389
addnode=65.61.116.103:31844
addnode=98.220.18.202:23399
addnode=54.218.109.87:49540
addnode=65.61.116.103:13951
addnode=65.61.116.103:54140
addnode=77.94.247.50:29089
addnode=65.61.116.103:15003
addnode=65.61.116.103:6585
addnode=81.210.155.43:49540
addnode=178.5.45.170:49332
addnode=65.61.116.103:7176
addnode=24.222.191.37:50569
addnode=65.61.116.103:16590
addnode=62.178.141.85:2860
addnode=82.23.246.187:51220
addnode=65.61.116.103:63526
addnode=65.61.116.103:48270
addnode=89.142.88.37:50268
addnode=71.77.233.192:60612
addnode=65.61.116.103:51481
addnode=64.238.233.89:57185
addnode=77.94.247.50:2626
addnode=203.17.236.101:33164
addnode=65.61.116.103:9175
addnode=78.87.12.134:42293
addnode=65.61.116.103:14663
addnode=46.98.135.50:50070
addnode=85.228.195.71:33083
addnode=65.61.116.103:59647
addnode=65.61.116.103:40986
addnode=198.84.188.113:56884
addnode=65.61.116.103:24286
addnode=178.191.181.53:57418
addnode=65.61.116.103:60844
addnode=65.61.116.102:16577
addnode=65.61.116.103:58332
addnode=77.94.247.50:33089
addnode=65.61.116.103:35543
addnode=178.191.181.53:62735 4: create the file. Restart wallet. Wait for it to connect. |
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Well, as long running the pool is a business I can follow you. But ours are all 0% fee and just some miners donate. But Im willing to help that coin, so if I lower the min. conformations and back it up with my own coins. So what min conf. are be talking about ? 50 ? 60 ? How can we pool operators change the min. confirmation withour risking our own coins ?
Change it in the source of the coin, then its perfect. 120 confirmations is to much.
1. No. 2. No. 3. It would not be a bitcoin clone. 4. The blocks would be less safe. 5. You are a pool operator. 6. You are a business. 7. Adapt. 8. Keep a reserve. 9. Stick your neck out for your users. 10. Have some balls. Many pools already do this. The coin has to have 120 to be safe. It would be idiotic to change the coin safety, because people are too weak to take risks. I have already donated coins to pools that do this. If you don't want risk, go to the back of the bus. "Why should we risk our own coins?" Whine, whine, whine. If you're thinking short term, then you haven't got a clue how this works. If I had the money to pay for servers, I would run pools myself. I think 60 is what's being quoted. If you do find yourself losing more coins than you deem profitable to run your pool, you could always offset it by increasing the confirms slightly, or with a very small pool fee to cover the loss. There should be a balance that both miners and you as a pool owner should find mutually beneficial. |
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How does this tie in to the people who have invested?
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Yes, but why shall we pool operators risk our own coins or even worst, the coins of other miners if we offer 40 confirmations only ?
Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof?
I suppose you have to weigh the risk vs the net return you get from fees. If you take a fee. If miners keep leaving because of the high confirm time then you may end up worse off. There has to be a sweet spot that encourages more miners to your pool without risking too much reserve. |
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Difficulty
6,098.41
WOW
Exactly, it's really hard to mine now so my asking price for 460K is not unrealisitic cheers 7941. Almost at the point where I can't mine this anymore. |
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How can we pool operators change the min. confirmation withour risking our own coins ? Change it in the source of the coin, then its perfect. 120 confirmations is to much. Im going to ask a dumb question, but first I want to say I am not a pump and dumper and have faith in this coin and am sitting on a ton. However, with this huge retarget time aren't we just going to keep cycling this same issue. Difficulty drops, brings minners back, they pump it for a couple weeks, difficulty goes back up, they leave, rinse and repeat. If this is how it works what is the reward for those who stay dedicated and mine during the high difficulty? I don't fully understand the difficulty and when/how it changes, but just am curious.
The only thing people want is to get their coins. As long as pools lower the minimum confirms, they will return. The Bitcoin parameters (50 per block, 2 week retarget, 21 Million limit) must stay. Bitcoin has too many passive developers and users who are not innovating or are building bunkers for Armageddon. This is holding back real opportunities. CATs are Bitcoins for innovators (users and developers). Aren't the high level of confirmations built into the coin designed to protect it? What about when the hashrate goes through the roof? |
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