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All of you complaining of 'dumpers' do realize that it takes two sides to make a market right?
Gee if you mine for profit your bad for the coin, if you sell your bad for the coin, if you question the fundamentals your bad for the coin and trolling...
Look miners, sellers, and critical thinkers are as essential for success as cheerleaders!
The current block reward and net hash are an anomaly caused by speculation and hoarding of the believers, the coin does not have to rise in value to create equilibrium, the net hash can go down as well. At 8000 you can support a net hash of 240 Mh/s any net hash above that is speculative until the price rises.
You know the more coins that get pumped and dumped the smarter the market gets so the returns diminish.
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WHO IS THIS FUCKING ASSHOLE!!!!!!
0.00007200 4389.38678430 0.31603584
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hopefully today is THE day  Dump day? Comon.. please. I have like 0.1 BTC available again today. Need to buy some more KDC  You can buy 500KDC of me for that No dump day, let's sell 10% of what we have at 20k sat. Then wait until $1  no dump day for me man... not yet...  i meant mintpal day btw... the one with the sellwall of 1btc on coinedup... pls remove that one! its keeping us down  If you think that 'sell wall' is holding the price down buy them!!! Surely the price will rise afterwards Jack, are you getting more and more positive yet?  Actually the "negative" people in here are the ones making me work harder. I love to prove people wrong, because that means I was right! Who cares what I think! You guys are having a great time, you banded together and brought network hash to a dying coin. Personally I cant justify mining it, too little reward for the effort and I'm the kind of person who takes what they have and not into speculating on these coins. If the market goes up there will be profitable opportunities then. There are too many coins in the landscape, the whole ALT COIN buzz is a bubble IMHO so I just want to make what I can when I can and not be holding a bag when it burst. Having said that a few coins will survive, I hope one of them is KDC, but if I were clairvoyant I wouldn't be mining coins I'd be in a tropical paradise!! Keep it up! Don't get too greedy would be my advice |
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hopefully today is THE day Dump day? Comon.. please. I have like 0.1 BTC available again today. Need to buy some more KDC You can buy 500KDC of me for that No dump day, let's sell 10% of what we have at 20k sat. Then wait until $1 no dump day for me man... not yet... i meant mintpal day btw... the one with the sellwall of 1btc on coinedup... pls remove that one! its keeping us down If you think that 'sell wall' is holding the price down buy them!!! Surely the price will rise afterwards |
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Better delist openex.pw, they're shutting down. I lost 9500 KDC there  Wtf!!! They stole it, or what?? that is the thing that always make me afraid, those exchanges, when even mtgox was not safe, what can those little exchanges be save, but on the other side, crypto is so powerful and you can make a lot of money, so that i'm willing to take the risks. Receive my electricity bill 1304 euros A bit of advise to avoid loosing coins... Don't use the exchange as your wallet. Move only the coins in you want to sell/trade, keep your BTC balance low and only for your buying needs. Withdraw everything else. Withdraw fees are usually .0001 BTC or .0001 [anycoin] its the best 6 cents USD or less you'll ever spend! |
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Kheg, what are your comments now when you're the only one that have had a negative perspective and not given us your opinion after everything that has happened this weekend? Jackd, gutshot and some others have been positive, how about you? PS, I'm not rude or anything I'm just interested if we have something good going on where everybody sees a bright future Congratulating the community for all their hard work and success in supporting the coin does not mean I have a favorable view! The coin is still unprofitable to mine, and will only be more so when the reward halfs again in a few weeks without major price improvement! But if you guys can increase demand for the coin and increase the price by a factor of 10 you'll be in good shape! |
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Look at that 4450 bid at 4700 offer (excluding those two offers totaling just 40 coin) a nice tight market with 1 BTC worth of trades on +/- 1000 satoshis from the last price... Tight and liquid enough And a hash rate above 200 Mh, you guys are really putting in effort here, that's a pretty good discount to provide that hash rate, you are surely dedicated! Bravo! You guys are really stepping up and supporting this coin!! Good luck on getting listed on Mintpal! |
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Nice!!! 78 KlondikeCoin $ 199,282 $ 0.03 6,661,901 KDC $ 2,936 +83.91 % Market cap of $1,000,000 would be nice too, then we are still only trading at 25k sats. Soon we will have the next block halvering so even more difficult to mine!!!! Prices need to go out as well as network hashrate When the coin halves the difficulty goes down!! |
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Coinedup is retarded... I put some sell orders to move the buy wall higher.
My order got filled but it didn't move anything of the buy walls (which is good)
I put a buy order, but it was filled instantly. No sell order were there.
Wat de fakk
The order book via API is faster than the WEB order book. |
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Here comes JackDMiner HAHAHA I was mining this late last night US EST since I was certain the NET HASH would drop to the equilibrium we discussed before, and as with all things you have to be mining when it happens not after you see it on the CoinWarz list. If you spent all your time chasing the top performers on CoinWarz you'd never get any real mining done not to mention the hassle of 50 wallets, too many trading vehicles... blah blah blah So yes right now I have a portion of my available resources on KDC because it is worth mining at the moment and I have the infrastructure on my end all ready set up since from before. When I step away for the day in a few hours I'm not sure I will keep those resources on KDC since a small influx of HASH POWER will have an impact on the rate of pay due to the low NET HASH. For the record, I have placed a few votes to get this coin listed, but I'm not donating any coin. Don't be offended I won't donate for any coin |
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This is from mintpal twitter: Just a notice, there will be no new coins additions this weekend. Next voting winner will be on Monday. https://www.mintpal.com/voting They left out the p.s. Thank you for your donations! |
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Is there a paper wallet generator with some of these PICs?  |
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what happened to kdc.coinarmy?can't connected
They must not have paid the bill, went down earlier this week. I hope you had your auto transfer set to a low amount... Any balance is probably gone.  |
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I really don't get your logic, why should less coins minted bring the price down??
In the case of KDC is it simply the fact that fewer coins are minted, the lions share is hoarded, coins do not make it to the market... BID/ASK widens, the lack of price transparency erodes confidence and drives the price down.
Liquid tight markets are always close to the true price. Buyers and sellers know exactly what they are getting in the exchange. The liquidity allows participants to enter or exit the market with little friction/slippage.
How wide is the BID/ASK SPY ETF on the NYSE? .01 USD all day everyday. Heck even the at the money options trade a penny wide most of the time. Its one of the most liquid transparent marketplaces on the planet.
How about a penny stock?
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can any coin economist could explain how RPC raulpaul coin with 1coin/2minute total= 720 coins per day
have the value 0.00326999 btc with only 47.34 Mh/s network with '' time tested well understood basic study of
exchange/reserve currency economics "
so if we get a good price mining with current block rate will get profitable
please note : mathematics can not always explain the price or demand/supply, even though it can sometimes.
please stop this nonproductive discussion and think about the possible ways to increase net hashrate and price
also check HoboNickels (HBN) coins/block = 5 (30 sec blocks) current nethashrate 294.26 Mh/s price 0.00017899
but allways nethash rate is very important thing for the coin. we have to check the means to increase it to the maximum possible rate
Ok lets work this out RPC NET HASH is about 465 Mh/s not 47.34!... difficulty = 13 block rate = 120 seconds net hash (Mh) = (13*(2^32)/120)/1000000 RPC = .00326999 BTC, NET HASH = 465 Mh/s , daily reward 720 RPC day .0032699*720= 2.354328 BTC/day paid for NET HASH. 2.354328 BTC / 465 avg Daily Net HASH = .005063071 BTC per Mh day excluding variance. Or $3 USD per Mh/day not the most profitable coin out there. I have never said all coins attract the fair going rate for hash. Lots of coins get a discount on the hash power for various reasons, few if any pay a premium for long. This is hardly a non productive discussion since this is the heart of the matter of your desire... to increase NET HASH. The only way to increase it is to pay for it, either by increasing the block pay which is within the devs control or increasing the price which only a buyer can control. I still don't see how the math has failed to point out the realization that KDC is only paying .70 BTC or so a day for its HASH so it can only buy so much. It has been receiving hash at a discount since the fork, but that is nearing an end as HASH is now 100~120 range the past few hours. If you want more HASH for the coin you simply have to write the check so to speak, the devs can change the block reward or use BTC to buy coin at a higher price. Both methods will achieve higher hash rate. |
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Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too ! Thankyou POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die. The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day. That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges? I don't blame the planned fork, I do think the unplanned bad fork hrs later had a huge negative impact on the coin, one that we have not yet been able to recover from. That's the error in thinking, with all due respect. The coin is recovering as expected to the new hash rate of pay. The current hash rate of 100 Mh is nearing the .008 BTC per Mh day market rate of ALT COINS. Unfortunately I think the driving force for the block reward reduction was to reduce inflation to increase the value of the coin, without consideration to the actual purpose of the block reward. While this appears to have merit on the surface in a simplistic scarcity supply/demand model, block reward is not a mechanism that can influence price in any meaningful way. There are some caveats to that statement but for simplicity that is the case. However the coin may return to some level of market liquidity over the weekend as the NET HASH drops to more favorable pay conditions. The only direct influence on price is a buyer willing to pay a higher price than the current BID, that's it... No magic involved. Unfortunately the security concerns of a sub 200Mh coin does not facilitate eager bidders. http://www.coinwarz.com/miningprofitability/litecoin/?hr=1000.00&p=1000.00&pc=0.0800&e=Vircurex When KDC is the most profitable to mine, you will be back mining KDC it's as simple as that. 100% correct, it doesnt even have to be the most profitable. That doesn't solve the security of the coin since at these prices profitability is 80Mh/s NET HASH, and the new payment system has the coin heading to 4/block in two months!! The price will have to increase by a factor of 5 or more just to keep it from literally dying. But who is going to pay 5x the current price with such a vulnerable hash? Will you? I certainly won't! Once YOU start putting hash back on KDC that means all miners for profit will be mining KDC and N/H/R will go up. Maybe Criptoe team will help out too. BTW criptoe team you guys are awesome. Its not that simple... Hash goes down to where block reward and coin price make it profitable... Some miner comes in to absorb that 'slack' in the 'labor force'. His entry slightly reduces the profitability proportional to the hash he deploys. If too many miners come in HASH goes up to unprofitable levels, participants drop out, rinse. Repeat. As I have stated in earlier posts the block reward is the 'paycheck' not the 'printing press' and it is the control function of NET HASH, not coin price. Search my post if you are curious. |
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it is always nice to see positive and negative people fighting each other, but that means only one thing that there are a lot of people interested in this coin.
Of course i'm not happy with the coin price, far from it, but i'm not happy of the coin prices from EAC/LOT/CASH....
Just want to say one thing:
THANKS DEV, MARKETING TEAM
for keep on trying and working on new deals... maybe the coin price is not moving in the right direction, but we try to move Klondike coin in the right direction.
I'm not negative, and I'm not trying to fight. I'm just trying to bring some time tested well understood basic study of exchange/reserve currency economics to the table. Heck if people will take it more seriously I'll start footnoting sources! |
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Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too ! Thankyou POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die. The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day. That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges? I don't blame the planned fork, I do think the unplanned bad fork hrs later had a huge negative impact on the coin, one that we have not yet been able to recover from. That's the error in thinking, with all due respect. The coin is recovering as expected to the new hash rate of pay. The current hash rate of 100 Mh is nearing the .008 BTC per Mh day market rate of ALT COINS. Unfortunately I think the driving force for the block reward reduction was to reduce inflation to increase the value of the coin, without consideration to the actual purpose of the block reward. While this appears to have merit on the surface in a simplistic scarcity supply/demand model, block reward is not a mechanism that can influence price in any meaningful way. There are some caveats to that statement but for simplicity that is the case. However the coin may return to some level of market liquidity over the weekend as the NET HASH drops to more favorable pay conditions. The only direct influence on price is a buyer willing to pay a higher price than the current BID, that's it... No magic involved. Unfortunately the security concerns of a sub 200Mh coin does not facilitate eager bidders. http://www.coinwarz.com/miningprofitability/litecoin/?hr=1000.00&p=1000.00&pc=0.0800&e=Vircurex When KDC is the most profitable to mine, you will be back mining KDC it's as simple as that. 100% correct, it doesnt even have to be the most profitable. That doesn't solve the security of the coin since at these prices profitability is 80Mh/s NET HASH, and the new payment system has the coin heading to 4/block in two months!! The price will have to increase by a factor of 5 or more just to keep it from literally dying. But who is going to pay 5x the current price with such a vulnerable hash? Will you? I certainly won't! |
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Id like to tell you guys im still here i have been a little busy but still throwing a few hashes at Klondike, your a nice team don't loose faith i would like to see Klondike do well you all deserve it and id be happy too ! Thankyou POst planned for the net hash remained around 400, then the bad fork happened and after we had around 200 and the price suffered. Coinmarket.io exploded, poolionix or however it is spelt have been put into a temporary coma and coinedup is slowly being left to die. The point is you cannot blame the fork for KDC's loss of traction, it is a series of events that have led to this downturn. Prior to the fork ~100k coins were being minted a day. That means if those 100,000 coins were dumped on the market each day at 4k satoshis which is around what we were trading at then there would have needed to have been 4btc's of volume + whatever else was being traded to eat them up. Whilst i know some miners would hold, 4btc is nearly 10% of coinedups total exchange volume - do you really think we would be doing any better if we hadn't forked and were in the position we are in now with the exchanges? Do you mean to say you expected the hash rate to remain at 400 Mh after the fork? How would you expect that when the paycheck was cut so drastically? The daily reward from mining was not just dumped on the market, a seller always wants the highest price and a good miner puts his sell orders in at various points above the BID, always! If anything the daily reward facilitated price discovery and provided market liquidity on top of 400 Mh! You can blame the stars and the moon until the cows come home, the fundamentals today are 1 Mh/day cost .008 BTC, that's why the net hash as declined since the fork... Everything else is irrelevantIf you all think this coin is on life support today just wait until the block reward is 4! You can't adjust price with the block reward if you could it would be done and all these coins would have passed the moon and be half way to Uranus! The price will do what the price will do, what coin devs need to do is secure and market the coin. The marketing appears to be going smoothly, the change in reward compromised security. The marketing efforts will be in vain without addressing the vulnerability of the coin. If this community just wants to sit around and wait and see, KDC will become one of the coins of the crypto bubble. I believe it is as good a coin as any to become a viable transactional electronic currency, however most of you would disagree with me on the price target for such a coin. The price was clearly being driven into the ground by the sheer amount of minted coins per day pre fork. Post fork the price was climbing, the hashrate was still healthy, then everything went wrong and now we're faced with that. Add to that the loss of 2 exchanges used a fair bit for this coin leaving us with coinedup which has 50BTC per day across all pairs, its hard to recover, its hard for the price to go up and make the coin attractive to miners. 16 coins per block per minute is plenty for a coin like KDC, its just everything else has gone against us. You could look at it that way, but it does take some time for information to disseminate to all participants, there are no Bloomberg terminals for ALT COIN news. The fact that CoinWarz was still computing with 77 block reward was highly distortive until they corrected it the next day. KDC was a profitable coin to mine and a market liquid enough to trade on CoinedUp before the fork. No one just abandons that opportunity because of a 12 hour hiccup. You may sit on the sidelines for a bit until the dust settles but you hold on to that config ready to get back into that coin if you can make a profit. Since the fork the coin has been mined and hoarded drying up liquidity increasing the BID/ASK spread destroying confidence. 16 coin reward will simply not support a secure network hash at these prices. Continuing to hoard the coin will not increase the price, it only makes the true value less transparent eroding confidence chasing away BIDS. Just go look at CoinedUp now, as NET HASH has gone down and profitability up, spreads are narrowing and action is returning a bit. However there are fewer coins per day being payed so the volume will be lower then in the past. Or it could be my rant last night telling people to get in there and place some orders and keep the spread tight. Either way the right thing is happening Summary, the number of coins minted @ 77/block had little bearing on the price of the coin. What happened good or bad hours after the fork was a period of distortion and should be discounted. What we have right now is a result of the coins current configuration and the forces at play on all ALT COIN. The facts are that price is what someone is willing to pay, hash rate is not free and miners are not in business to 'dump' coin at a loss. Finally, the ALT COINs that understand the importance of HASH RATE and price stability are going to survive. |
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