|
It's a real sight to watch people discussing the price of this coin. It did not experience natural growth at all, it was all a pump from 9500 Satoshi and up. Then one of the main features of the coin, was a multipool to help manipulate the price further on top of the already pumped price.
It's hard to discern if this is an actual coin, or a crowd sourced pump operation.
|
|
|
|
Not sure yet, but it'll be GPU mineable from the get go. I find it a big concern that a coin requires an expensive graphic card to be mined. Sorry, but "democracy" and "you need to have expensive hardware" don't mix well together. For me, everything that requires more than 25 dollars of hardware cannot be democratic. 25 dollars is the price of an Arduino, by the way. Time to break out the shoulder high boots to wade through the piles of shit from CPU only coin propagandists. If I want to mine at home, I can buy only 4-10 GPUs and compete relatively well since even *most* large miners will only have something like 100 on the outlier examples. If I want to compete on a CPU coin, spend similar or more money for 10 CPU packages, now I have to compete against a bunch of giant botnets of 50,000 CPUs. Do you need to break out the calculator to figure out which ratio is better? 10:100 or 10:50,000 |
|
|
|
|
Network propagation, chain size, & gambler's ruin factors weighted against each other.
|
|
|
|
Four algorithms at 10minutes each is what's needed. 30s is just too low.
How so? So it's like bitcoin? 10 / 4 = 2.5 |
|
|
|
We saw a similar thing with RUCoin (which had SHA256 and scrypt) and the coin failed.
If you're saying weighting can cause a big disturbance from a minor shift in hashing, that phenomenon seems much less likely to occur with 4 algos instead of 2 if weighted properly. It's obviously also much more cartel proof. People like Gmaxwell seem to claim that a group like KNCminer would create ASICs for all four chains. I don't really see groups like that monopolizing all four chains into eternity, especially if each algo is radically different from one another. |
|
|
|
There no successful coins other than bitcoin. The second largest coin is 5% of bitcoin's market cap. The third largest is 1%. It gets rapidly worse from there.
If there is ever a successful coin other than bitcoin (unclear, but maybe) it will take new approaches, not anything like any of the current alts.
Personally I don't believe hash algorithm even matters very much. By focusing on that you are getting distracted from anything that does (or at least might) matter.
You are the one that does not understand the big picture. Why was Dogecoin successful at all and has beaten Bitcoin in daily transactions several times? The answer is market penetration. A currency is useless without high market penetration. Guess what algos give the highest market penetration? GPU. When people try to CPU mine and earn 1 penny a day due to botnets, most people cease to bother doing so, and the coin dies from lack of interest. The future of PoW, if GPU only can't be achieved, is Myriadcoin style coins where you can mine with anything and receive some kind of reward. |
|
|
|
|
Four algorithms at 10minutes each is what's needed. 30s is just too low.
|
|
|
|
|
Relaunch with a GPU algorithm unless a Myriadcoin style PoW setup can be achieved. Name the last successful CPU only coin...it doesn't exist (no, Bitcoin doesn't count).
|
|
|
|
and selling 100k Blackcoin at 2000 satoshi. Honestly some people must believe they are geniuses if they made money on those two coins, but I will bet my last satoshi that for most of them, it was pure luck.
Its just proof that sometimes when you invest without a game plan, you can get lucky and make big bucks, but most of the time you just loss. This is the reason I maintain this journal. Discipline, focus and accountability.
I would go one step further and say in order to have made lots of money on Blackcoin, you were basically required to be a bad trader. |
|
|
|
FIBONACCI RETRACEMENT NUMBERS - WAITING FOR CONSOLIDATION
People posting charts like this are out of their minds. These charts are completely meaningless since a large percent, if not the majority, of what an altcoin's price is, is related directly to however BTC is performing in the market. Your analysis assumes a static or uptrend BTC variable. The charts are also completely ineffective because the other main factor influencing price is dictated by whatever 1-2 whales are doing. All altcoin market caps are so low that one single person can easily double or halve the price almost instantly. |
|
|
|
|
Any CPU only coin is useless. Just a get rich quick scheme for botnet owners controlling 50,000 computers. Either the algorithm has to be changed, or it has to go myriadcoin style somehow.
I mined BMR on day 2 and got 0. God forbid someone tries to CPU mine it a month from now. Coin is dead in the water until it's not CPU only.
|
|
|
|
Is Rapecoin used to purchase or sell rape  |
|
|
|
|
This is not gonna be "the next Bitcoin" unless it's forked to a Myriadcoin type revision. Four algorithms at 8-10 minutes each: Groestl, Cryptonote algo, Sha 256, and then either Skein, Heavycoin algo, or X11.
Right now this is just a botnet coin.
|
|
|
|
It doesn't list minimum stake age on first page of this coin...what is it...
It should start staking in 8 hours. If you have a very small amount (under 100) then much longer. I'm too lazy to look at source, but that's only if it's a Blackcoin clone. I think it's based on Mintcoin, but not sure. Needs to list minimum stake age on the first page regardless. |
|
|
|
|
It doesn't list minimum stake age on first page of this coin...what is it...
|
|
|
|
|
Don't try to pump this coin until PoW mining period is further in, you're just feeding multipool profits. Then you have to try and fight off 10 million coin multipool sell walls to preserve your investment.
|
|
|
|
|
Anytime a new coin comes out that is profitable, Cryptsy mysteriously forgets how to make deposits work, lets thousands of people deposit a few million dollars in coins, then doesn't allow anyone to access them while mysteriously a bunch of sales are still going on at their site. The VTC introduction to Cryptsy was the biggest textbook case of this.
I highly doubt there was a fork.
|
|
|
|
|
Tell me more about these waffles you can buy with coins
|
|
|
|
|
Show Posts
