Just a simple story id like to share...

It was almost 3 years ago and I had money tied up in the stock market from an inheritance. It was completely out of left field, I went from barely keeping up with my bills to having roughly 50K in stocks and mutual funds to manage. Being naive and in a position to leverage such a great amount of money (to me) I just HAD to cash some out...

I became a quasi 'Wolf of Wall Street' so to speak, and started looking at my different holdings. Out of all of them there was one sure fire "loser", it was Bank Of America. They were in the news for housing scandals, bad loans, shady business practices. Every major news outlet was reporting these stories on a daily basis. They say there is no such thing as bad press, but for shareholders, it was a very dark time. Shares of BOA began dropping at an unprecedented rate, everyday another few percent. Forgive me if the numbers are not listed with verbatim accuracy, but at the time I started to manage the shares they were $16 and change. Over several days they continued to drop and stabilized around 9-$10 per share, but a few days later they were down to $7 per share. The news was becoming more and grim and it seemed like we were approaching the end, but then.... A our savior arrived...

In the following days investor Warren Buffet and his brokerage firm Berkshire Hathaway ended up pumping more than 1 Billion into Bank of America. If you have never heard of Warren Buffet, then I suggest that you do your homework. He is a financial investment GOD. To all shareholders of BOA, myself included, this seemed like a godsend. But as the market adapted it wasn't long before shares started dropping again. Over the course of a month my 20K stake in BOA was reduced to less than $5000, I still remember listening to the market report on the radio in my car and saying "It's time to sell".... So I did....

I ended up with a check for $4600 and my stake in BOA was done... Good riddance! But Warren Buffet isn't in the market to lose money. A couple months later the shares came back, and have now hit several all time highs since the time I sold. Those same shares of BOA today are still worth 20K, making my effective loss from selling about 15K. I suppose the moral of this story is to look towards the future when it comes to investments of any kind. Blackcoin could be a total failure, and if you invest there is the possibility that you could LOSE EVERYTHING! However people said the same thing about Bank of America, Bitcoin, DOGE and even Apple. It goes without saying, but never invest more than your willing to lose, but most importantly... Enjoy the ride everyone!

The market being totally manipulated right now by someone who has a HUGE amount of BC. They have the market cornered and are buying up every last piece of BC they can get. This coin could be worth nothing tomorrow, but this mass buying spree is happening for a reason. If you have coins, HOLD THEM! If your looking to buy more, then you would be wise to do it sooner rather than later.

Check out the sell orders at Mintpal over 2600.... :O

This is terrific news! Thanks for the update

Exactly! Cheers mate, my stake was 0.1 BC as well. Welcome to the mile high club  

For me personally I feel the whole staking issue / how to stake instructions posted here are nothing but BS. If you want staking to WORK just run the latest version of the wallet,,, THAT'S IT! I never encrypted my wallet or unlocked it or did anything that was suggested in this thread, I was just patient and I received my first stake just a little while ago, its kinda neat! So if your worried about getting your stake, just remember that all good things come to those who wait.

For the sake of the community and those interested in Blackcoin, I believe I speak for all of us when I say that your posts are doing absolutely nothing constructive nor are they contributing to the topic in any meaningful way. I think its great you made out trading BC, so did I, however if you plan on filling the thread with useless posts then kindly take your negativity elsewhere. Thanks

This is the real question for me too. My wallet ISN'T encrypted and I have had NO passwords / pass-phrases entered into my Blackcoin wallet since installation, im running 1.01.

The stake mining portion sounds awesome, but at the same time I don't want to start using a feature that isn't fully implemented / tested and put my coins at risk. Is there ANYONE who can clarify this?

At 300 k/hs with the current difficulty your machine isn't powerful enough to produce much from a pool, let alone mining on P2Pools. Add some more graphics cards!!!

Sent you a test, if it works... Awesome!! If you're feeling generous you can PIF or send it back @...

BFx85Y6LeLGEG1MmFLk5Muov1PDVhEv7f4

Good Luck!

Nice! Lets see those specs!!!

Please elaborate. No offense, but your post sounds like bullshit.

Im glad im not alone on this. The current logos look embodies so many positive charastics as is, i'd hate to see them change it.

WOW! I was hoping for 10K with a single R9 290, but with this difficulty im not so sure. What are you using to mine if you dont 'mine' me asking?

Ive used this site several times today and its been excellent! Deposits took a little bit, but withdraws were quick.

Im interested in this as well. How does one unlock their wallet for POS mining?

Thanks for the help everyone!

Ive been mining at Greek Pool since this morning. I have 655 coins there that are still showing unconfirmed. I moved over to Dedicated Pool and it was showing my first confirmed coins available in a little over an hour. What gives?! Anyone else still having issues with Greek Pool?

Strange, its not behaving differently then any other coins for me. Using a pool now and was on P2P earlier, getting 800 k/hs on both with a R9 290 (Not X). Using cgminer 3.7.3 with the following config...

setx GPU_MAX_ALLOC_PERCENT 100
cgminer --thread-concurrency 27622 --intensity 17 --scrypt -o stratum+tcp://onceyougoblack:3333 -u wow -p wow

Where are you getting your prices from?