It depends on each cycle. There is no singular goal of "we want the price at that level". They create the waves by stirring the waters and then they ride the waves like masters.

If you make an excel sheet and start with initial capital = 200k BTC and add just 10% to it in every cycle by those dumping due to a catastrophic rumor/news item etc (and you buying the dip), by the 17th cycle you have 1m BTC.

By cycle 42 you are at 10m BTC. It's "a long game" that takes months and years, but they are not impatient like the average joe. They are assured of their success because their plan is fail-proof and mathematically sound.

In finance knowing/forecasting the future is the second most prized ability.

The first most prized ability is being in the position to actually control the future landscape by designing the parameters, thus being able to know how the market is going to move and capitalize on it against all the others who live in ignorance and uncertainty.

For "commoners", the most prized ability is knowing the above two rules of finance. And yes, it's a sad reality with the economic patterns but the elite will simply do what they know how to do. The manipulation patterns in Bitcoin are no different than the patterns used in the past for oil, gold etc. You could have soaring demand and actual shortages in physical gold and then an item pops up that "Cyprus is selling its gold" and you have the price tumbling when people can't even find the actual metal on the market.

The changes between commodities and btcs are mostly in the nature of the news items and political decisions as well as the lack of financial instruments for the bitcoin market (unlike paper gold / paper oil with multiple size trading than the actual commodity). If they make financial instruments for bitcoin = they have indirectly legalized it so they have to play the news game more.

They don't need to print anything. The manipulation mechanism for BTC is through the news.

One bad news report = investors offloading / Elite controllers buying low.

If you repeat the cycle of rise and fall for like a few hundred times where you get like 3-5-10% differences (and there are cases where the drop is more impressive like from 1200 down to 700), it's just a matter of time before you end up with half the BTC supply in your hands.

Control the political decisions & the news = control the market. And they are doing that alright because people are ignorant of the dynamics.

...and that would be the "good" scenario (=being a big guy which hops around the most profitable cpu coin at any given point). The really bad scenario is that he stays around, which would perhaps hint at something totally different for achieving his hashrate, like offloading part of the algorithms in a GPGPU approach.

Actually from what I see in cryptsy chart, it's spiking already for the last day or so, massively.

So he sold his doge and is now buying unobtainium? Lol... I predict massive spike ahead for that coin, just by stating his intention.

Αν γινει γνωστο στην Ελλαδα θα ειναι μεσω της Διωξης Ηλ. Εγκληματος και τα καναλια που θα λενε για παραχαραξη εθνικου νομισματος, πυραμιδες, φοροδιαφυγη, ξεπλυμα κτλ κτλ και γενικη δαιμονοποιηση των cryptos. Μη σου πω οτι θα βρουν και ευκαιρια να βαλουν "αυστηρο πλαισιο" και κατα των cryptocurrencies γενικοτερα.

Σαν ιδεα ειναι καλη, αλλα η Ελλαδα ειναι 800 χρονια πισω σε νοοτροπια και αυτο ισχυει σε ολα τα επιπεδα, απ'τις αρχες μεχρι τον κουτοπονηρο ελληναρα που θα λεει "τι' ν'αυτα ρε... εγω λεφτα θελω"... λολ... λες και το χαρτακι του ευρω που συναλλασεται καθημερινα εχει καποια intrinsic value.

Τεσπα, αυτο που θα μπορουσε να εχει ενδιαφερον ειναι να φτιαχτει ελληνικο e-coin αλλα να εχει και φυσικο counterpart μεσω του φιλου που εφτιαχνε τα φυσικα bitcoins. Ετσι η αξια του δε θα ειναι μονο ως pump & dump αφου θα αποτελει το πρωτο ελληνικο e-currency (που θα υπαρχει και ως φυσικο κερμα) γεγονος που αυτοματως σημαινει οτι τα φυσικα coins (που θα αντιστοιχουν και σε coin-value) θα ειναι σχετικα αναρπαστα στους ελληνες συλλεκτες (εφοσον εχουν μια προσιτη τιμη) και αυτο θα δωσει αξια απο μονο του - αν και παραδοσιακα οι συλλεκτες περισσοτερο ασχολουνται με το κρατικα εκδομενο νομισμα.

Αυτο χρειαζεται και λιγο δουλεια βεβαια στο engraving με ομορφες καλλιτεχνικες απεικονισεις, ανταξιες της ελ. ιστοριας. Για minting, θεωρω οτι >30.000 κομματια δεν χρειαζονται (αντιστοιχια 10εκ / 7 δις), εφοσον ο πλανητης καλυπτεται με 21εκ bitcoins. Προφανως το fractional nature του bitcoin ξενιζει αλλα αν αναλογιστουμε το adoption κτλ, ισως ειναι και πολλα.

Επιπλεον οποιος αναλαβει τετοιο project καλο θα ειναι να βρισκεται στο εξωτερικο (ωστε να μην εχει προβληματα διωξεων στη χωρα που κυνηγαει ...παστιτσιους).

Both (version c - experimental). The dev gave a link a few pages back.

Highly improbable, so something's wrong (you, the pool or something).

Celeron E3200 @ 3.2GHz / custom built gcc 4.9svn* & icc hybrid 107kh/sec / linux64 / latest miner.

* latest svn is -2kh.

Fine and faster on x64 linux, wolfdale 2core.

By April it will be the time for the second block halving so mining reward will be 1/4 of today.

There is no "problem" with bitcoin. The problem was with fiat money to begin with and bitcoin fixed it. Dogecoin now emulates the same problematic money pattern of fiat currency. Tell me a good reason why anyone would keep their money in something that will lose value due to inflation, instead of something that is going up in value due to rarity and increased demand/limited supply.

Yeah but not only related to difficulty but also as a function of variable block reward too (=> dogecoin): http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/

I've read that variable block rewards are exploitable from "dishonest miners" in coins like dogecoin who switchover when the rewards are low. Could that happen to Darkcoin also? If yes then it is tempting for someone to take Darkcoin code, clone it and say "a better and improved Darkcoin, safe from dishonest mining tacticts" etc.

I've been doing some mining optimizations on minerd1.2... I've tried gcc 4.8x, 4.9x, icc, clang 3.3, clang 3.4.

With gcc ver 4.8 and default flags I get ~72khash.

Best is 4.9 (development version still but it performs way better than 4.8 ) with -O3 -march=native. On my dual celeron, wolfdale core @ 2.8GHz I get ~84khash.

With an altered Makefile which uses both icc, clang and gcc 4.9 (trying to get the best performance from each component with a different compiler), I get 86kh. There seem to be some functions which are better processed in certain compilers. SIMD for example seems to make a hell of a lot of a difference in gcc versus the others.

<paranoid mode>
Btw, I've been contemplating the issue of kind-of-scamming people with new cpu-only algorithms (NOTE: I'm not saying this is happening, but I realized it has a real potential of happening in the future). Maybe I'm just paranoid or maybe it's something that the alt-coin community has to take into consideration. I will give you a scenario of what I mean:

I make a coin with a new cpu-only algorithm (or so I say) and give people a wallet, and a cpu miner which gives out say 100 khash.

Let's say the cpu miner which I give had some intentional (on my side) problems on the optimization of its code. That would be hard to find especially if I bury it in some ASM lines. Now let's say that if I transform 2-3 lines of code that the performance could go like 5x upwards at 500khash and that I release the update miner in three months. Worse yet, I already have a hybrid compiler* of CPU/GPU that does 5mhash performance compared to the cpu-only miner I gave to the crowd which I never release. That gives me, as a coin-creator, the edge to mine with a tremendous advantage, but without having an "instamine" coin (that is frowned upon). So ultimately, the crowd is at the mercy of the credibility and intent of a coin creator that utilizes a new algorithm scheme/miner. I always wanted something different than same old s*it with SHA and SCRYPT but I never saw that coming as a possibility.

* This can be done either by programming a hybrid miner, or through experimental compilers which seamlessly assign tasks to both CPU and GPU via automatic detection of which code would run best to GPU or CPU. IIRC correctly, Nvidia's FERMI can also run C++ natively, so it shouldn't be too hard.
</paranoid mode>

Both investors and collectors value things (even digital things) for their rarity. You'd be amazed at how much a 42 might cost in say 20 years. Just to be clear, I'm not into collecting either but it's a factor.

The lack of rarity affects the desirability factor from the get go.


Indeed. The modification to have all the coins upfront in just one year is seriously bad planning which was corrected with an even bigger mistake of endless supply. But then again it was intended for fun, so the holes will show themselves in the long run.

There is no real market analogy between a finite coin and an infinitely produced coin. Rarity is a significant part of the equation.

The same goes to the guy above who says that some alt coins are already exceeding litecoin in volume blah blah blah. In the long run they'll be devalued and devalued and devalued, as has been the case with all fiat money versus finite things like gold and silver.

That's not to say that DOGE is a bad coin. On the contrary. If it helps mass adoption and massive amount of people joining the cryptocurrency landscape, then by all means.

Actually DOGE as a troll coin is superb. It's simultaneously money (as are all coins which can be traded for BTC and then $$$) and "non serious". If governments say ban bitcoin (ok they can't, but let's say they try), they will seem incredibly ridiculous hunting ...DOGEcoins. I can imagine paper articles having the stupid dog's face saying "very currency, such wow" etc and "government crackdown on DOGEcoin users" ahahaha... I mean wtf, surreal. And that's why governments are less likely to go that route - so in a sense, DOGE ensures the Bitcoin network. But at the same time it's paradise for mafiozos. Imagine a black money scenario where the money is in DOGEcoins and a mafiozo is arrested. It will be real funny if in the court we see something like "this guy had in his possession 500 million DOGECOINS" looool. In his defense during trial he will say "SUCH CURRENCY... WOW" hahaha, I mean seriously how can a prosecutor convince a judge that a guy did something illegitimate for owning DOG COINS for f sake.

My biggest "worry" with coins like bitcoin is that someday an SHA hole / weakness/ whatever will be found and then everything is wrecked*.

The 11 hashing function in this coin ensures that if one (or a few) algorithm is proven unreliable, then there are others remaining to keep the coin network reliable? Are the 11 hashes integral to the coin's network or are they just used to create "noise"?

Thank you.


* In which case coins like this could boom while others crash.


Edit: I tried to compile the miner with march=core2 and -O3 to see if there was any difference, and I got ~10% extra on my linux box. The -Ofast didn't give anything more. Then I tried intel's ICC to check the performance difference but it never started processing stuff. Cpu was 0% and was not processing. Clang gave me slower results by ~20-25%. I'll try with Open64 too. Has anyone found any gcc parameters that actually do anything good (>10% gain), optimization-wise? Thanks.

Edit2: The coin needs more google visibiity. People googling "Dark coin" etc to find out what's it about, don't find their way to a proper explanatory page.